Spanish residential developer building new homes across Spain, backed by US investment firm Castlelake.
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.
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
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | n/a | €177M | €343M | -€23.4M |
| Capital expenditure | €1.09M | €1.09M | €16.9M | €3.55M | €5.87M |
| Total debt | n/a | €655M | €599M | €552M | €499M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req 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 |
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.
| Measure | AEDAS.MC | Peer median | Rank 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 margin | 10.1% | 1.6% | 9th highest of 21 |
| Forward P/E | 9.1× | 17.3× | 4th cheapest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AEDAS Homes AEDAS.MC | Spain | $1.10B | +1% | -25% | 10% | 9.1× | n/a | n/a |
| Shenzhen Kingkey Smart Agriculture Times 000048.SZ | China | $1.10B | -7% | -17% | -15% | 10.4× | n/a | n/a |
| Vivenio Residencial SOCIMI YVIV.MC | Spain | $1.09B | -1% | +34% | 60% | n/a | n/a | n/a |
| Ichigo 2337.T | Japan | $1.09B | -13% | -17% | 29% | 9.0× | n/a | n/a |
| Cibus Real Estate AB (publ) CIBUS.ST | Sweden | $1.11B | -12% | +20% | 75% | 11.2× | n/a | n/a |
| Signatureglobal (India) SIGNATURE.NS | India | $1.11B | -17% | -23% | -7% | 22.8× | n/a | n/a |
| IRSA Inversiones y Representaciones SA Sponsored ADR IRS | United States | $1.12B | -10% | +4% | 42% | 64.9× | n/a | n/a |
| Cinda Real Estate 600657.SS | China | $1.08B | -19% | -44% | -97% | n/a | n/a | n/a |
| Zhuhai Zhumian 600185.SS | China | $1.08B | -27% | -49% | 17% | 17.3× | n/a | n/a |
| PLAZZA PLAN.SW | Switzerland | $1.08B | -4% | +6% | 76% | 40.0× | n/a | n/a |
| Token 1766.T | Japan | $1.07B | -1% | +5% | 6% | 8.2× | n/a | n/a |
| Hotel101 Global HBNB | United States | $1.07B | -29% | +1,178% | 2% | n/a | n/a | n/a |
| Sunac China 1918.HK | Hong Kong | $1.06B | -64% | -29% | -27% | n/a | n/a | n/a |
| Gemlife Communities GLF.AX | Australia | $1.05B | -9% | +8% | 32% | 12.3× | n/a | n/a |
| Mercialys MERY.PA | France | $1.05B | -15% | +3% | 69% | 7.7× | n/a | n/a |
| Marcus & Millichap MMI | United States | $1.05B | -9% | +12% | 1% | 56.1× | n/a | n/a |
| Beijing Urban Construction Investment & Development Co 600266.SS | China | $1.16B | -21% | -31% | -2% | n/a | n/a | n/a |
| Black Peony (Group) 600510.SS | China | $1.04B | -37% | -24% | -14% | n/a | n/a | n/a |
| Beijing Capital Development 600376.SS | China | $1.04B | -41% | -35% | -15% | n/a | n/a | n/a |
| 5I5J 000560.SZ | China | $1.03B | -2% | -21% | -6% | 44.9× | n/a | n/a |
| Red Star Macalline 601828.SS | China | $1.18B | -25% | -7% | -27% | 80.4× | n/a | n/a |