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← CockpitCompetitor Analysis › AEDAS.MC AEDAS Homes SAOpen in the cockpit ↗

AEDAS Homes SAAEDAS.MCCompetitor analysis, valuation and peers

Spain · EUR·Real Estate›Real Estate Development

Spanish residential developer building new homes across Spain, backed by US investment firm Castlelake.

≈ A Spanish homebuilder like a smaller Lennar/D.R. HortonMomentum strong 79
Mkt cap
$1.10B
US dollars, full cap
Free float
47%
of shares outstanding
$/day
$106,537
20-day average traded
Fwd P/E
9.1×
forward earnings
ROIC−WACC
n/a
WACC 6.1%
Hurdle
n/a
no reverse DCF
Next earnings
26 days
2 Dec 2026
Close · EUR€23.80
1D+0.2%
1W+0.2%
1M+5.8%
3M+10.2%
6M+1.3%
YTD-0.4%
1Y+12.0%
ATR %2.1%
52w lowhigh1.2% off high

What AEDAS Homes does

Spanish residential developer building new homes across Spain, backed by US investment firm Castlelake.

Buys land, builds, and sells homes off plan to buyers who pay deposits and instalments during construction, with revenue booked when keys are handed over. Because land is bought years ahead, the stock of sites sets how many homes it can deliver.

In one line: A Spanish homebuilder like a smaller Lennar/D.R. Horton.

Products and services

  • New-build residential units
  • Land bank management

Customers

  • Homebuyers

Where it sits in the supply chain

  • Real Estate
  • Homebuilding
  • Residential development

What could go right

  • Spanish housing demand recovery
  • Land bank monetization

What could go wrong

  • Interest-rate sensitivity of housing demand
  • Construction cost inflation

Moat: none (scale, installed base). Sizeable land bank and delivery track record, but homebuilding remains cyclical and competitive.

Headquarters: Madrid, Spain · Founded: 2016 · Employees: 283

Named competitors

AEDAS Homes at a glance

Size AEDAS Homes (AEDAS.MC) is a Spain Real Estate company (Real Estate Development) with a market value of $1.10B, the 65th largest of 97 Spain companies the cockpit tracks. Shares closed at €23.80 on 6 Nov 2026.

Performance Over six months the shares gained 1.3%, against -13.8% for the median peer and +8.2% for the Spain market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 24.9% over the last twelve months (peer median -12.2%); the operating margin is 10.1% (peer median 1.6%).

Valuation It trades at 9.1× forward earnings against a peer median of 17.3× (4th cheapest of 14).

Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026AEDAS.MC 101Peer median 87
Six months, rebased to 100: AEDAS Homes against the median of its 20 peers (local-currency closes).

AEDAS Homes financials

Reported figures in EUR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€869M€869M€1.16B€1.14B€920M
Revenue growth—-25%+1%+24%—
Gross profit€97.9M€175M€219M€252M€237M
EBITDA€96.1M€114M€163M€175M€153M
Net income€60.9M€60.9M€150M€109M€105M
Free cash flown/an/a€177M€343M-€23.4M
Capital expenditure€1.09M€1.09M€16.9M€3.55M€5.87M
Total debtn/a€655M€599M€552M€499M

Quarterly statements and history in the cockpit →

AEDAS Homes competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-30%-20%-10%0%-20%0%000048YVIV2337CIBUSSIGNATUREIRS600657600185PLAN1766HBNB1918GLFMERYMMI600266600510600376000560601828AEDAS.MC6-month return →1-month return →
Up and to the right = strong over both horizons. AEDAS Homes is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%25×50×75×0000482337CIBUSSIGNATUREIRS600185PLAN1766GLFMERYMMI000560601828AEDAS.MCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. AEDAS Homes is the large dot.

AEDAS Homes competitors and peer comparison

Head to head with its named competitors (AEDAS.MC vs MVC.MC vs HOME.MC)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
AEDAS Homes AEDAS.MC$1.10B+1%-25%10%9.1×n/a
Metrovacesa MVC.MC$1.95B-5%+58%13%26.4×n/a
Neinor Homes HOME.MC$2.04B+10%+165%10%13.0×n/a

How AEDAS Homes compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

AEDAS Homes against its 20 peers (data as of 6 Nov 2026)
MeasureAEDAS.MCPeer medianRank in peer set
1-month return+5.8%-5.0%5th highest of 21
6-month return+1.3%-13.8%highest of 21
Distance from 52-week high-1.2%-34.7%highest of 21
Revenue growth (TTM)-24.9%-12.2%6th lowest of 21
Operating margin10.1%1.6%9th highest of 21
Forward P/E9.1×17.3×4th cheapest of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
AEDAS Homes AEDAS.MCSpain$1.10B+1%-25%10%9.1×n/an/a
Shenzhen Kingkey Smart Agriculture Times 000048.SZChina$1.10B-7%-17%-15%10.4×n/an/a
Vivenio Residencial SOCIMI YVIV.MCSpain$1.09B-1%+34%60%n/an/an/a
Ichigo 2337.TJapan$1.09B-13%-17%29%9.0×n/an/a
Cibus Real Estate AB (publ) CIBUS.STSweden$1.11B-12%+20%75%11.2×n/an/a
Signatureglobal (India) SIGNATURE.NSIndia$1.11B-17%-23%-7%22.8×n/an/a
IRSA Inversiones y Representaciones SA Sponsored ADR IRSUnited States$1.12B-10%+4%42%64.9×n/an/a
Cinda Real Estate 600657.SSChina$1.08B-19%-44%-97%n/an/an/a
Zhuhai Zhumian 600185.SSChina$1.08B-27%-49%17%17.3×n/an/a
PLAZZA PLAN.SWSwitzerland$1.08B-4%+6%76%40.0×n/an/a
Token 1766.TJapan$1.07B-1%+5%6%8.2×n/an/a
Hotel101 Global HBNBUnited States$1.07B-29%+1,178%2%n/an/an/a
Sunac China 1918.HKHong Kong$1.06B-64%-29%-27%n/an/an/a
Gemlife Communities GLF.AXAustralia$1.05B-9%+8%32%12.3×n/an/a
Mercialys MERY.PAFrance$1.05B-15%+3%69%7.7×n/an/a
Marcus & Millichap MMIUnited States$1.05B-9%+12%1%56.1×n/an/a
Beijing Urban Construction Investment & Development Co 600266.SSChina$1.16B-21%-31%-2%n/an/an/a
Black Peony (Group) 600510.SSChina$1.04B-37%-24%-14%n/an/an/a
Beijing Capital Development 600376.SSChina$1.04B-41%-35%-15%n/an/an/a
5I5J 000560.SZChina$1.03B-2%-21%-6%44.9×n/an/a
Red Star Macalline 601828.SSChina$1.18B-25%-7%-27%80.4×n/an/a

Questions

Who are AEDAS Homes's main competitors?
Named competitors: Metrovacesa (MVC.MC), Neinor Homes (HOME.MC), Via Celere (private) (private or unlisted). The cockpit's measured peer set (industry) also includes Shenzhen Kingkey Smart Agriculture Times (000048.SZ), Vivenio Residencial SOCIMI (YVIV.MC), Ichigo (2337.T), Cibus Real Estate AB (publ) (CIBUS.ST), Signatureglobal (India) (SIGNATURE.NS), IRSA Inversiones y Representaciones SA Sponsored ADR (IRS).
Is AEDAS Homes expensive compared with its peers?
On forward p/e it trades at 9.1× against a peer median of 17.3×, 4th cheapest of 14 in its peer set.
How has AEDAS Homes stock performed?
Over six months to 6 Nov 2026 the shares returned +1.3% against -13.8% for the median peer; over one year +12.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.