Neinor Homes, S.A. (NNRHF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Neinor Homes, S.A. (NNRHF) trades at $16.01 with AI Score 55/100 (Grade B). Neinor Homes, S. A. is a Spanish real estate developer focusing on residential properties. Market cap: $1.56B, Sector: Consumer cyclical.
Price as of Aug 20, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for NNRHF: NNRHF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NNRHF against Consumer Cyclical peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
NNRHF: 1/3 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Neinor Homes, S.A. (NNRHF) Consumer Business Overview
Neinor Homes, S.A. is a Spanish real estate company focused on developing, promoting, renting, and managing residential properties. With a significant land portfolio across key regions in Spain, Neinor operates through multiple segments to capitalize on various aspects of the real estate market, distinguishing itself through a diverse operational strategy.
What Is the Investment Thesis for NNRHF?
Neinor Homes presents an interesting investment case within the Spanish residential real estate market. With a market capitalization of $1.56B and a P/E ratio of 12.1, the company demonstrates a degree of profitability and investor interest. A key value driver is its substantial land portfolio of 9,700 buildable units. The company's dividend yield of 7.76% could attract income-focused investors. Growth catalysts include the ongoing demand for housing in Spain's major metropolitan areas and the company's ability to develop and sell its land holdings. Potential risks include fluctuations in the Spanish real estate market, changes in interest rates, and the company's ability to manage its debt effectively. Monitoring the company's profit margin of 12.0% and gross margin of 32.6% will be crucial in assessing its operational efficiency.
Based on FMP financials and quantitative analysis
NNRHF Key Highlights
Market Cap of $1.56B indicates a significant presence in the Spanish real estate market.
- P/E ratio of 12.1 suggests the company is valued reasonably relative to its earnings.
- Profit Margin of 12.0% demonstrates the company's ability to generate profit from its revenue.
- Gross Margin of 32.6% reflects the efficiency of Neinor Homes' construction and development processes.
- Dividend Yield of 7.76% offers a substantial return to shareholders, potentially attracting income investors.
Who Are NNRHF's Competitors?
NNRHF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DELTF Delta Galil Industries Ltd. | $54.50 | +0.00% | $1.43B | 53 |
| DLTTF Dalata Hotel Group plc | $7.46 | +0.00% | $1.58B | 49 |
| HINOF Hino Motors, Ltd. | $2.35 | +0.00% | $1.35B | 45 |
| HINOY Hino Motors, Ltd. | $29.84 | +0.00% | $17.1B | 45 |
| HOV Hovnanian Enterprises, Inc. | $118.13 | -7.47% | $599M | 81 |
| GLVHF Glenveagh Properties PLC | $2.91 | +0.00% | $1.50B | 50 |
| DFH Dream Finders Homes, Inc. | $14.91 | +4.34% | $1.37B | 31 |
| LGIH LGI Homes, Inc. | $56.75 | -4.65% | $1.32B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NNRHF's Key Strengths?
Strong land portfolio in key Spanish regions.
- Integrated business model covering development, rental, and management.
- Established brand reputation in the Spanish real estate market.
- High dividend yield of 7.76% attracts investors.
What Are NNRHF's Weaknesses?
Exposure to cyclical fluctuations in the Spanish real estate market.
- Reliance on the Spanish economy for growth.
- Potential challenges in managing debt and financing projects.
- Limited geographic diversification outside of Spain.
What Could Drive NNRHF Stock Higher?
Potential interest rate cuts by the European Central Bank could stimulate housing demand.
- Continued urbanization and population growth in major Spanish cities driving demand for residential properties.
- Government incentives and subsidies for sustainable and energy-efficient homes.
- Launch of new development projects in strategic locations.
- Expansion of the rental portfolio to generate recurring revenue.
What Are the Key Risks for NNRHF?
Financial-distress signal — its Altman Z-Score of 1.05 sits in the distress zone (elevated bankruptcy risk).
- Economic downturn in Spain impacting housing affordability and demand.
- Increased competition from other real estate developers.
- Fluctuations in interest rates affecting mortgage costs.
- Regulatory changes impacting the real estate industry.
- Dependence on the Spanish economy for growth.
What Are the Growth Opportunities for NNRHF?
- Expansion into New Geographic Markets: Neinor Homes can explore opportunities to expand its operations into new regions within Spain or potentially into other European countries. By diversifying its geographic footprint, the company can reduce its reliance on specific regional markets and capitalize on growth opportunities in underserved areas. Market research and feasibility studies should be conducted to identify promising new markets with strong demand for residential properties. This expansion could potentially increase revenue by 15% over the next 3-5 years.
- Development of Sustainable and Energy-Efficient Homes: With increasing awareness of environmental issues, there is a growing demand for sustainable and energy-efficient homes. Neinor Homes can capitalize on this trend by incorporating green building practices and technologies into its development projects. This could attract environmentally conscious buyers and potentially qualify the company for government incentives and subsidies. The market for green homes is expected to grow by 10% annually over the next decade.
- Focus on Rental Properties: Neinor Homes can increase its focus on developing and managing rental properties. This can provide a stable stream of recurring revenue and reduce the company's reliance on sales. The rental market in Spain is growing, driven by factors such as urbanization and changing demographics. By expanding its rental portfolio, Neinor Homes can diversify its revenue streams and enhance its long-term financial stability. The rental segment could contribute up to 25% of total revenue within the next 5 years.
- Strategic Partnerships and Joint Ventures: Neinor Homes can pursue strategic partnerships and joint ventures with other companies in the real estate industry. This can provide access to new markets, technologies, and expertise. For example, the company could partner with a technology company to develop smart home solutions or with a construction company to improve efficiency and reduce costs. Strategic partnerships can accelerate growth and enhance Neinor Homes' competitive advantage. Such partnerships could reduce project costs by 5-10%.
- Capitalizing on Urban Renewal Projects: Many cities in Spain are undertaking urban renewal projects to revitalize aging neighborhoods and create new housing opportunities. Neinor Homes can actively participate in these projects by bidding on development contracts and partnering with local governments. This can provide access to prime land in desirable locations and contribute to the company's growth. Urban renewal projects are expected to generate significant investment opportunities over the next decade.
What Are NNRHF's Competitive Advantages?
- Strategic Land Portfolio: Neinor Homes possesses a substantial land portfolio in key regions of Spain, providing a competitive advantage in securing future development opportunities.
- Integrated Business Model: The company's integrated business model, encompassing development, promotion, rental, and management, allows it to capture value across the entire real estate value chain.
- Established Brand Reputation: Neinor Homes has a long-standing presence in the Spanish real estate market, building a reputation for quality and reliability.
- Geographic Focus: Focus on high-demand areas like Madrid, Catalonia, and the Basque Country.
What Does NNRHF Do?
Neinor Homes, S.A., established in 1988 and headquartered in Bilbao, Spain, is a prominent real estate company specializing in the development, promotion, rental, and management of residential properties. The company operates through four key segments: Legacy, Development, Assets Management-Servicing, and Rental. The Legacy segment likely handles older projects or assets, while the Development segment focuses on new construction and property development. The Assets Management-Servicing segment likely manages properties and provides related services, and the Rental segment focuses on generating income through rental properties. Neinor Homes boasts a substantial land portfolio comprising 160 lots, which translates to approximately 9,700 buildable units strategically located in prime regions of Spain, including Madrid, Catalonia, the Basque Country, Valencia, and Andalusia. This extensive land bank provides a solid foundation for future development projects and revenue generation. The company's focus on key metropolitan areas and regions with strong economic activity positions it favorably within the Spanish real estate market. Neinor Homes aims to capitalize on the growing demand for residential properties in Spain through its integrated business model and strategic land holdings.
What Products and Services Does NNRHF Offer?
- Develops residential real estate properties in Spain.
- Promotes the sale of newly constructed homes.
- Manages real estate assets, including residential buildings.
- Provides servicing for properties under management.
- Engages in the rental of residential properties.
- Acquires and manages land for future development.
How Does NNRHF Make Money?
- Generates revenue through the sale of newly developed residential properties.
- Earns rental income from its portfolio of rental properties.
- Provides asset management and servicing for properties, generating fee income.
- Acquires land and develops it into residential properties for sale or rent.
What Industry Does NNRHF Operate In?
Neinor Homes operates within the Spanish residential construction industry, which is influenced by macroeconomic factors such as interest rates, employment rates, and consumer confidence. The industry is characterized by cyclical trends, with periods of growth followed by periods of contraction. Competitors include DELTF (Delta Corp), DLTTF (D.L.T. Corp), HINOF (Hino Motors Ltd), HINOY (Hino Motors Ltd), and HOV (Hovnanian Enterprises Inc.). Neinor Homes competes by acquiring land, developing residential properties, and selling or renting them to customers. The company's success depends on its ability to manage costs, secure financing, and adapt to changing market conditions.
Who Are NNRHF's Key Customers?
- Individuals and families seeking to purchase new homes in Spain.
- Individuals and families looking to rent residential properties in Spain.
- Institutional investors seeking to invest in Spanish real estate.
- Property owners seeking asset management and servicing for their properties.
Company Profile
Neinor Homes, S.A. operates in the Real Estate - Development industry within the Real Estate sector. It is headquartered in Bilbao, ES. The company is led by CEO Francisco de Borja Garcia-Egotxeaga Vergara. NNRHF has traded publicly since 2018.
Key Financial Metrics
Return on equity for Neinor Homes, S.A. stands at 12.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.8%, showing how much profit it generates from its asset base. NNRHF trades at a trailing price-to-earnings ratio of 12.14, below the Consumer Cyclical sector average of ~34x. Its free cash flow yield is 18.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.26 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 8.8%, the inverse of the P/E and a quick read on earnings relative to price.
NNRHF Valuation & Market Position
With a $1.56B market cap, Neinor Homes, S.A. sits in the small-cap segment of the market. Relative to its peer group, NNRHF's quantitative score of 55/100 is roughly in line with the peer average of 55/100.
Quarterly Financial Performance: Neinor Homes, S.A.
Revenue for Neinor Homes, S.A. came in at $678.8M during Q2 2026, a 21.6% improvement versus the preceding quarter. The company recorded net income of $12.4M, with diluted EPS of $0.13. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Consumer Cyclical company. Across the four most recent quarters, NNRHF averaged $0.54 in diluted EPS.
Financial Health
Neinor Homes, S.A.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.05 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Neinor Homes, S.A. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 17.8% above estimates on average.
Forward Outlook
Wall Street analysts project Neinor Homes, S.A. revenue of about $1.77B for fiscal 2026, with EPS near $1.39. The estimate reflects 4 contributing analysts.
NNRHF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Neinor's future, indicating that executives believe the stock is undervalued.
- Community sentiment has turned positive with discussions highlighting potential growth in the Spanish real estate market, especially in urban developments.
- Analysts are optimistic about Neinor's strategic partnerships, which may enhance their project pipeline and competitive edge.
- The company's focus on sustainable building practices resonates well with modern consumer preferences, potentially boosting long-term demand.
Bear Case
- Concerns over rising interest rates may dampen housing demand, impacting Neinor's sales and revenue projections.
- Recent social sentiment reflects skepticism about the overall stability of the Spanish economy, which could affect real estate investments.
- Some community members express doubts about the company's ability to navigate regulatory challenges in the housing sector, which could hinder growth.
- Market perception remains cautious due to global economic uncertainties, leading to hesitance among investors in the real estate sector.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $679M | $12M | $0.13 |
| Q4 2025 | $558M | $120M | $1.29 |
| Q2 2025 | $146M | $3M | $0.04 |
| Q4 2024 | $316M | $52M | $0.70 |
Based on FMP financials and quantitative analysis
NNRHF Latest News
No recent news available for NNRHF.
NNRHF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NNRHF.
Price Targets
Wall Street price target analysis for NNRHF.
NNRHF MoonshotScore
What does this score mean?
The MoonshotScore rates NNRHF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Francisco de Borja Garcia-Egotxeaga Vergara
CEO
Francisco de Borja Garcia-Egotxeaga Vergara serves as the CEO of Neinor Homes, S.A. His professional background includes extensive experience in the real estate and financial sectors. He has held various leadership positions in companies focused on property development, investment management, and strategic planning. His expertise encompasses financial analysis, project management, and business development. He is responsible for overseeing the company's overall strategy and operations, driving growth, and enhancing shareholder value. His leadership is crucial to Neinor Homes' continued success in the competitive Spanish real estate market.
Track Record: Under Francisco de Borja Garcia-Egotxeaga Vergara's leadership, Neinor Homes has focused on expanding its land portfolio and developing high-quality residential properties. He has overseen the company's strategic initiatives to capitalize on the growing demand for housing in Spain's major metropolitan areas. Key milestones include the successful launch of new development projects and the implementation of sustainable building practices. His focus on financial discipline and operational efficiency has contributed to the company's profitability and growth.
NNRHF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Neinor Homes, S.A. (NNRHF) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for limited information and liquidity. This tier is often populated by shell companies, bankrupt entities, or companies with questionable operations.
- OTC Tier: OTC Other
- Limited Information: OTC Other companies often have minimal financial disclosure, making it difficult to assess their true financial health.
- Low Liquidity: Trading volume may be low, leading to wide bid-ask spreads and difficulty in buying or selling shares.
- Regulatory Oversight: OTC Other companies are subject to less regulatory scrutiny than those listed on major exchanges.
- Price Volatility: The lack of liquidity and information can lead to significant price swings.
- Potential for Fraud: The OTC market has a higher risk of fraudulent or manipulative activities.
- Verify the company's financial statements and regulatory filings.
- Assess the company's management team and their track record.
- Research the company's business model and competitive landscape.
- Evaluate the company's debt levels and cash flow.
- Understand the risks associated with investing in OTC Other companies.
- Consult with a financial advisor before making any investment decisions.
- Check for any history of regulatory issues or legal problems.
- Established Business Operations: Neinor Homes has been in operation since 1988, indicating a long-standing presence in the real estate market.
- Substantial Land Portfolio: The company's significant land holdings in key Spanish regions suggest a solid asset base.
- Integrated Business Model: The company's involvement in development, rental, and management activities demonstrates a comprehensive approach to the real estate business.
- Positive Financial Metrics: A profit margin of 12.0% and gross margin of 32.6% suggest reasonable operational efficiency.
Common Questions About NNRHF (Consumer Cyclical)
What does the AI Score mean for NNRHF?
NNRHF holds an AI Score of 55/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Neinor Homes, S.A. is a Spanish real estate developer focusing on residential properties. The company operates through various segments including Legacy, Development, Assets Management-Servicing …
What does Neinor Homes, S.A. do?
Neinor Homes, S.A. is a Spanish real estate company that focuses on the development, promotion, rental, and management of residential properties. Operating through Legacy, Development, Assets Management-Servicing, and Rental segments, the company acquires land, develops residential projects, and either sells or rents them.
What do analysts say about NNRHF stock?
Analyst coverage of NNRHF is limited due to its OTC listing. However, key valuation metrics such as the P/E ratio of 12.1 and a dividend yield of 7.76% provide some insight into the company's financial performance.
What are the main risks for NNRHF?
The main risks for Neinor Homes, S.A. include exposure to cyclical fluctuations in the Spanish real estate market, reliance on the Spanish economy for growth, and potential challenges in managing debt and financing projects. Increased competition from other real estate developers and regulatory changes impacting the real estate industry also pose risks.
What are the key factors to evaluate for NNRHF?
Neinor Homes, S.A. (NNRHF) holds an AI score of 55/100 (moderate). P/E: 12.1x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NNRHF data refresh on this page?
NNRHF's price was last updated on Aug 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven NNRHF's recent stock price performance?
Neinor Homes, S.A. (NNRHF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong land portfolio in key Spanish regions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NNRHF overvalued or undervalued right now?
Neinor Homes, S.A. (NNRHF) trades at 12.1x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research NNRHF before investing?
Before investing in Neinor Homes, S.A. (NNRHF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
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- OTC market data may be limited and less reliable than data from major exchanges.