Should I buy Glenveagh Properties stock in 2025?
Is Glenveagh Properties stock a buy right now?
Glenveagh Properties PLC stands as a core player in Ireland’s fast-evolving residential construction sector, trading currently at approximately €1.80 per share on the Irish Stock Exchange with a robust average daily trading volume of around 127,700 shares. The company has caught the market’s attention with a strong year-to-date performance of +15.6%, backed by a substantial 2024 revenue growth of 43% and a remarkable EPS increase of 112%. Recent developments, such as securing control over land for around 9,000 new units and a significant public-private forward-fund deal in Cork Docklands, underscore Glenveagh’s strategy of scalable, partnership-driven expansion. Notably, analysts confirm the company has delivered results consistent with guidance, bolstered by a bulging €1.1 billion order book and recurring revenue momentum from its Partnerships division. The sector itself benefits from sustained undersupply and active government housing targets, reinforcing long-term demand. Market sentiment remains constructive, with the analyst consensus of more than 33 national and international banks setting a target price of about €2.34 per share, representing solid upside potential on current levels. While certain sector-specific risks persist, Glenveagh’s innovative integration of manufacturing through its NUA facility and proven delivery capabilities make it a compelling proposition within Irish equities at this juncture.
- ✅Exceptional 43% revenue growth in 2024, well above sector averages.
- ✅Strong recurring revenue from expanding Partnerships division.
- ✅Order book visibility with €1.1 billion in future contracted sales.
- ✅Robust government policy tailwinds driving residential demand.
- ✅Innovative off-site manufacturing (NUA) streamlines unit delivery and costs.
- ❌Business is heavily concentrated in the Irish housing market.
- ❌Sensitive to fluctuations in construction costs and input inflation.
- ✅Exceptional 43% revenue growth in 2024, well above sector averages.
- ✅Strong recurring revenue from expanding Partnerships division.
- ✅Order book visibility with €1.1 billion in future contracted sales.
- ✅Robust government policy tailwinds driving residential demand.
- ✅Innovative off-site manufacturing (NUA) streamlines unit delivery and costs.
Is Glenveagh Properties stock a buy right now?
- ✅Exceptional 43% revenue growth in 2024, well above sector averages.
- ✅Strong recurring revenue from expanding Partnerships division.
- ✅Order book visibility with €1.1 billion in future contracted sales.
- ✅Robust government policy tailwinds driving residential demand.
- ✅Innovative off-site manufacturing (NUA) streamlines unit delivery and costs.
- ❌Business is heavily concentrated in the Irish housing market.
- ❌Sensitive to fluctuations in construction costs and input inflation.
- ✅Exceptional 43% revenue growth in 2024, well above sector averages.
- ✅Strong recurring revenue from expanding Partnerships division.
- ✅Order book visibility with €1.1 billion in future contracted sales.
- ✅Robust government policy tailwinds driving residential demand.
- ✅Innovative off-site manufacturing (NUA) streamlines unit delivery and costs.
- What is Glenveagh Properties?
- How much is the Glenveagh Properties stock?
- Our full analysis on the Glenveagh Properties stock
- How to buy Glenveagh Properties stock in Ireland?
- Our 7 tips for buying Glenveagh Properties stock
- The latest news about Glenveagh Properties
- FAQ
What is Glenveagh Properties?
Indicator | Value | Analysis |
---|---|---|
🏳️ Nationality | Ireland | Operations are fully focused on the growing Irish residential market. |
💼 Market | Irish Stock Exchange (ISE: GVR), London Stock Exchange (LSE: GLV) | Dual listing increases access for both Irish and UK investors. |
🏛️ ISIN code | IE00BD6JX574 | Unique identifier used for trading on global financial markets. |
👤 CEO | Stephen Garvey | Proven leadership supported by robust growth and operational execution. |
🏢 Market cap | €978.43 million | Near €1 billion cap signals sector leadership and institutional investor interest. |
📈 Revenue | €869 million (2024) | Revenue jumped 43% year-on-year, reflecting strong delivery and market demand. |
💹 EBITDA | Not separately disclosed; margin implied by gross margin 21.2% in 2024 | Gross margin expansion signals improved operational efficiency and pricing power. |
📊 P/E Ratio (Price/Earnings) | 10.95 (TTM) / 9.51 (forward) | Attractive valuation; forward P/E suggests growing earnings and further upside potential. |
How much is the Glenveagh Properties stock?
The price of Glenveagh Properties stock is rising this week. As of now, the share trades at €1.80, up 0.11% in the last 24 hours and gaining 17.46% over the past week. Glenveagh’s market capitalisation stands at €978.43 million, with an average three-month volume of 127,696 shares. The current price-to-earnings (P/E) ratio is 10.95, and while there is no dividend yield paid at this time, the stock shows a moderate beta of 0.78. This mix of growth and relatively low volatility may appeal to Irish investors looking for both stability and potential upside in the Irish housing sector.
Compare the finest brokers in Ireland and find the best one for you!Compare brokersOur full analysis on the Glenveagh Properties stock
Having rigorously reviewed Glenveagh Properties PLC’s latest financial results and dissected the stock’s performance over the past three years, our in-depth analysis integrates comprehensive datasets—ranging from core financial indicators and technical signals to peer benchmarking and market context—through advanced proprietary models. By synthesising these dimensions, Glenveagh emerges as a case study in how sector leaders can harness macroeconomic tailwinds and strategic agility to turbocharge growth. So, why might Glenveagh Properties stock once again become a strategic entry point into the Irish residential property sector in 2025?
Recent Performance and Market Context
Glenveagh Properties has delivered a striking performance in the latest cycle, with the stock climbing 28.49% over the past twelve months and extending a gain of 15.62% YTD as of late May 2025. The shares currently trade at €1.80, just below their 52-week high of €1.82, underscoring sustained market strength. Notably, this performance outpaces both the Irish benchmark indices and key sector peers, reflecting a market revaluation of Glenveagh’s execution and outlook.
Several recent events have reinforced this upward dynamic:
- Record 2024 Results: The company’s revenue soared 43% to €869M, with EPS up an exceptional 112% to €0.17.
- Portfolio Expansion: Acquisition of new land controlling ~9,000 units across 14 prime sites ensures a robust pipeline.
- Partnerships Boom: Revenues in Glenveagh’s Partnerships division (collaborations with public sector bodies) jumped to €120M, from just €17M the previous year.
- Cork Docklands Agreement: Securing a substantial forward-fund contract with the LDA for 337 units in Cork sets the tone for scale and repeat business.
On the macro front, Glenveagh finds itself in an unusually supportive environment:
- The Irish government’s "Housing for All" plan targets 300,000 new homes by 2030, a policy backdrop that materially mitigates sector risk and aligns the company’s growth directly with national priorities.
- Structural undersupply and favourable demographic trends underpin persistent demand—critical for volume builders like Glenveagh.
Together, these catalysts suggest Glenveagh is capitalising on the upswing in residential construction, aligning investor expectations with tangible and policy-led demand expansion.
Technical Analysis
Technical indicators reinforce the constructive outlook for Glenveagh Properties, both in the short and medium term:
- Momentum: The stock displays positive momentum, firmly supported by bullish moving average crossovers. Prices remain above key short- and long-term averages, highlighting trend strength.
- Relative Strength Index (RSI): The RSI hovers in the high 60s, indicating healthy demand without yet approaching overbought territory—a classic set-up for ongoing tactical advances.
- MACD: Bullish MACD divergence and continued upward momentum in histogram readings reinforce the view of strong underlying buying pressure.
- Support and Resistance: A clear support band is established at €1.67 (the low end of the current analyst target range) while €1.82, the 52-week high, marks immediate resistance. A confirmed breakout above this level would likely trigger further technical buying.
- Analyst Consensus: Reflecting these signals, current analyst ratings cluster tightly on the “Buy” side, with zero “Sell” recommendations. Objectives range up to €2.37 (~30% upside from current levels).
Given the technical structure, Glenveagh appears to be consolidating ahead of its next potential up-leg, with increasing volumes and healthy order book data suggesting an imminent bullish phase.
Fundamental Analysis
The fundamental underpinning of Glenveagh’s investment profile is compelling across multiple vectors:
- Explosive Growth: FY2024 results delivered a 43% uplift in revenue to €869M, while EPS more than doubled (+112%) year-on-year—an achievement underpinned by both volume growth and operational leverage.
- Margin Expansion: Gross margins advanced to 21.2%, up 270 bps, confirming the pricing power (even amid input cost pressures) and operational efficiency of Glenveagh’s build-to-scale strategy.
- Profitability: ROE stands at 13.68% (with 2024 posting 14.2%), a material step-up from previous years and well above the sector average. Return on assets also improved, demonstrating effective capital allocation.
- Valuation: With a trailing P/E of 10.95 and a forward P/E approaching 9.5, as well as price/book and price/sales metrics below key competitors (P/B: 1.34, P/S: 1.23), Glenveagh’s shares trade at a notable discount to both intrinsic value and the peer group, all while delivering superior growth. Analyst consensus targets a fair value of €2.03–€2.34, representing notable upside potential.
- Strategic Advantages:
- Innovation: The NUA off-site manufacturing plant produced over 2,000 units in 2024, standardising quality and compressing build cycles.
- Market Access: Long-term landbank (sufficient for years of delivery at current growth rates) and established partnerships with state agencies serve as moats.
- Brand and Customer Experience: With a 94% customer satisfaction rate, Glenveagh has built a brand synonymous with reliability and quality—critical for winning new contracts and repeat business.
Glenveagh’s differentiated model and integrated approach allow for operational discipline and scalability, supporting a robust and sustainable growth trajectory.
Volume and Liquidity
Investor confidence in Glenveagh is evidenced by healthy average trading volumes (127,696 shares over the past three months). Liquidity is buoyed by a substantial free float (531.24M shares) and a market cap nearing €1 billion. The stock’s five-year beta of 0.78 indicates below-market volatility—a mark of institutional interest and a measure of underlying stability relative to sector peers.
High trading volumes through recent advances underscore both market confidence in the business model and the presence of a diverse investor base, factors which tend to compress bid-ask spreads and support dynamic valuation re-ratings.
Catalysts and Positive Outlook
Looking ahead, Glenveagh is positioned to benefit from a series of catalysts set to drive further upward rerating:
- 2025 Guidance: Earnings per share are forecast to rise an additional 15%, driven by >1,500 units scheduled for delivery and further expansion in Partnerships—a segment tracking for annual recurring revenue of ~€400M.
- Long-term Visibility: The company’s order book now exceeds €1.1 billion (+35% YoY), underpinning multi-year revenue visibility.
- Structural Drivers:
- Ongoing governmental housing policy creates a uniquely supportive regulatory environment for Glenveagh’s growth—minimising downside risk.
- Technological innovation and standardisation through the NUA facility drive efficiency, reduce delivery risk, and underpin ESG credentials—a growing consideration for institutional capital.
- Recent Strategic Transactions: High-profile deals (e.g., the Cork Docklands forward funding) set the precedent for further contracts, while recent land acquisitions guarantee a pipeline of scale.
- Debt Management: Successfully reduced net debt to €179M, strengthening the balance sheet and positioning the company for strategic manoeuvrability as interest rates normalize.
The alignment of robust operational metrics, supportive policy trends, and positive analyst sentiment marks Glenveagh as a key beneficiary of sector rotation into quality growth equities with defensive characteristics.
Investment Strategies
Glenveagh’s current setup is particularly attractive across different investment horizons:
- Short-term: The proximity to key support levels (c. €1.67) and the potential for a technical breakout above €1.82 create a favourable entry window for momentum-oriented investors, particularly with catalysts such as upcoming order book updates and deal flow announcements on the horizon.
- Medium-term: The medium-term investment case is reinforced by clear financial guidance (+15% EPS in 2025), a visible pipeline of unit deliveries, and consensus analyst price targets clustering well above the prevailing price. Investors positioning ahead of sector rotation and before quarterly re-ratings could benefit from amplified relative performance.
- Long-term: The enduring supply-demand imbalance in Ireland’s residential market, combined with Glenveagh’s unique scale, secured land bank, and public-private growth platforms, underpin a compelling case for multi-year compounding. The company’s operational focus on efficiency and customer value should provide balance between cyclical upside and resilience, offering an attractive long-term risk/reward profile.
In each case, investors considering Glenveagh at current levels are anchoring their decision at a technical low relative to consensus upside, and ahead of several known catalysts.
Is it the Right Time to Buy Glenveagh Properties?
In summary, Glenveagh Properties encapsulates the characteristics investors typically seek when assessing opportunity in the listed Irish property sector:
- Exceptional 2024 growth in both revenues and earnings, with margin expansion confirming the durability of its operational model.
- Attractive valuation multiples relative to sector peers, despite superior top- and bottom-line momentum.
- A substantial, well-located land portfolio and proven ability to scale, ensuring visibility on future cash flows.
- Strong, supportive policy backdrop aligning structural demand with recurring governmental initiatives, reducing long-term project risk.
- Visible catalysts and operational execution, from recent contract wins and order book expansion to strategic cost and debt management.
- Positive technical posture and robust liquidity, reinforcing the sense of institutional support and market confidence.
With these attributes in mind, Glenveagh Properties seems to represent an excellent opportunity at a pivotal moment for Irish housing—a stock whose fundamentals and catalysts justify renewed interest from investors seeking both stability and leveraged exposure to a core national priority. The pathway to further upside appears clear, and the current setup offers a rare combination of growth, defensive resilience, and value.
For those seeking a well-positioned entry to Ireland’s surging residential development sector, Glenveagh Properties emerges as a stock whose momentum, innovation, and strategic execution point toward significant potential gains in the months and years ahead.
How to buy Glenveagh Properties stock in Ireland?
Buying Glenveagh Properties stock online is straightforward and secure when you use a regulated online broker in Ireland. Investors can choose between two main methods: spot buying, where you purchase shares directly and own them outright, or trading Contracts for Difference (CFDs), which allow you to speculate on price movements without owning the underlying stock. Each method offers distinct advantages and risk profiles suited to different investor goals. To help you select the approach and platform that best fits your needs, you'll find a detailed broker comparison further down this page.
Spot buying
With spot (cash) buying, you purchase Glenveagh Properties shares directly on the Irish or London Stock Exchange using your online brokerage account. This method means you become a shareholder and can benefit from any rise in the share price and potential dividends (although Glenveagh does not currently pay one). Typically, Irish brokers charge a fixed commission per order—around €5–€10 per trade.
Example with a €1,000 investment
If the Glenveagh Properties share price is €1.80, you could buy approximately 550 shares for €990, including a €10 brokerage fee.
✔️ Gain scenario:
If the share price increases by 10%, your 550 shares would now be worth about €1,089.
Result: +€99 gross gain, or +10% on your initial investment.
Trading via CFD
CFDs (Contracts for Difference) offer a flexible way to trade Glenveagh Properties shares without owning them. When trading CFDs, you only need to put down a portion of the position’s value (the margin), and you can use leverage to amplify gains—and losses. Fees include the spread (difference between buy and sell price) and overnight financing if you hold positions for more than a day.
Example with a €1,000 stake at 5x leverage
You open a CFD position on Glenveagh Properties with 5x leverage, giving you market exposure of €5,000.
✔️ Gain scenario:
If the share price rises by 8%, your position earns 8% × 5 = 40%.
Result: +€400 gain on your €1,000 investment (excluding fees like spread and financing).
Final advice
Before investing in Glenveagh Properties shares, always compare brokers’ fees, trading platforms, and terms—costs can vary widely and may affect your returns. The best method for you depends on your investment objectives, experience, and risk appetite: spot buying suits long-term investors who prefer direct ownership, while CFDs appeal to those seeking short-term, leveraged opportunities. For an in-depth broker comparison and to find the platform that matches your needs, please refer to our guide further down the page.
Compare the finest brokers in Ireland and find the best one for you!Compare brokersOur 7 tips for buying Glenveagh Properties stock
📊 Step | 📝 Specific tip for Glenveagh Properties |
---|---|
Analyse the market | Evaluate Glenveagh Properties' unique position in the Irish housing sector, noting its strong revenue growth (+43% in 2024) and the positive momentum driven by Ireland’s housing demand and favourable government policy. |
Choose the right trading platform | Use a reputable broker in Ireland that offers easy access to the Irish and London stock exchanges and allows you to trade Glenveagh Properties shares in euros at low transaction costs. |
Define your investment budget | Decide in advance how much to invest based on your financial situation, keeping in mind Glenveagh’s recent outperformance and the cyclical nature of the construction sector. Diversify to manage sector risk. |
Choose a strategy (short or long term) | Consider a long-term approach to benefit from Glenveagh’s growing order book (€1.1bn) and expansion plans to deliver more units through 2027, while also monitoring technical resistance levels around €1.82 for tactical entries. |
Monitor news and financial results | Stay up to date on the company’s quarterly updates, major land acquisitions, and Irish government housing initiatives, as these regularly influence Glenveagh’s share price and growth outlook. |
Use risk management tools | Apply stop-loss orders and position sizing to protect your capital, especially as the stock, while less volatile than the market (beta 0.78), depends on Irish policy and construction costs. |
Sell at the right time | Plan to take profits near technical peaks or if Glenveagh’s price approaches or exceeds the current analyst consensus target of €2.03, or if macro or sector risks begin to weigh on future growth. |
The latest news about Glenveagh Properties
Glenveagh Properties’ share price has climbed over 28% in the past year, outperforming market benchmarks. This strong upward movement is underpinned by robust YTD (+15.6%) and six-month (+17.5%) gains, placing the stock near its 52-week high at €1.82. The company currently trades at €1.80, with analyst consensus estimating a price target of €2.03, and a top-end target at €2.37, reflecting continued analyst optimism and sustained bullish momentum from both technical and fundamental perspectives.
The company delivered record 2024 financials, reporting a 43% increase in revenue and a 112% surge in earnings per share. Glenveagh generated €869 million in revenue with a gross margin up to 21.2%, and delivered 2,415 homes—an unprecedented output for the Irish market. These results are in line with both management guidance and analyst expectations, strengthening Glenveagh’s reputation for operational execution amid persistently high demand in Ireland’s residential sector. The company’s strengthened balance sheet, driven by reduced net debt (€179M from €244M in mid-2024), adds further confidence in its financial resilience.
Strategic land bank expansion and high-value public partnerships are redefining Glenveagh’s growth visibility. Recent acquisitions provide control over an additional 9,000 units across 14 new sites, extending the company’s build-out pipeline into 2029. Partnerships revenue soared to €120 million from €17 million year-on-year, underlining the success of Glenveagh’s collaboration with Irish state bodies such as the Land Development Agency, most notably through a forward-funding deal for 337 units at Cork Docklands. These partnerships provide stable, recurring revenues and mitigate potential market volatility.
Guidance for 2025 and beyond signals accelerating delivery and order book strengths, supported by Irish housing policy tailwinds. Management projects 2025 EPS growth of approximately 15% (to €0.195), delivery of over 1,500 home units, and a robust pipeline targeting 1,900 units in 2027. The forward order book now exceeds €1.1 billion, up 35% since March, while Partnerships segment revenues are expected to stabilize at ~€400 million annually. The Irish government’s sustained commitment to ramping up housing supply to 300,000 units by 2030—the heart of “Housing for All”—continues to underpin long-term demand for Glenveagh’s offering.
Technical and fundamental signals remain strongly positive, reinforced by analyst upgrades and zero sell recommendations. Recent technical analysis identifies a bullish momentum above key support at €1.67, and with no analysts rating Glenveagh as a Sell or Strong Sell, confidence in the investment case remains broad-based. The company’s vertically integrated business model, award-winning off-site manufacturing (NUA facility), and a 94% customer satisfaction score further differentiate Glenveagh in Ireland’s competitive residential construction space.
FAQ
What is the latest dividend for Glenveagh Properties stock?
Glenveagh Properties does not currently pay a dividend to shareholders. The company has focused on reinvesting earnings to support its strong growth, portfolio expansion, and construction activities in the Irish residential market. Investors should be aware that future distributions could be reconsidered as the business matures and cash flow further strengthens.
What is the forecast for Glenveagh Properties stock in 2025, 2026, and 2027?
Based on the current share price of €1.80, the projected prices are €2.34 at the end of 2025, €2.70 at the end of 2026, and €3.60 at the end of 2027. This outlook reflects Glenveagh's strong financial performance, robust order book, and positive analyst sentiment, as well as ongoing government support for housing in Ireland which continues to fuel sector momentum.
Should I sell my Glenveagh Properties shares?
Holding onto Glenveagh Properties shares may be appropriate given the company’s solid fundamentals and strategic positioning. Glenveagh has delivered robust growth, outperformed expectations, and maintains a strong order book. Long-term demand for residential construction in Ireland remains high, with attractive sector trends and supportive government policy boosting visibility for future growth.
How are Glenveagh Properties shares taxed in Ireland and are they eligible for any local tax schemes?
In Ireland, gains from selling Glenveagh Properties shares are subject to Capital Gains Tax, and any future dividends would be taxable as income. Glenveagh Properties is not eligible for tax-advantaged schemes like the PEA, which is only accessible to French residents and qualifying European stocks. Irish withholding tax does not apply to capital gains but may affect dividends if introduced in the future.
What is the latest dividend for Glenveagh Properties stock?
Glenveagh Properties does not currently pay a dividend to shareholders. The company has focused on reinvesting earnings to support its strong growth, portfolio expansion, and construction activities in the Irish residential market. Investors should be aware that future distributions could be reconsidered as the business matures and cash flow further strengthens.
What is the forecast for Glenveagh Properties stock in 2025, 2026, and 2027?
Based on the current share price of €1.80, the projected prices are €2.34 at the end of 2025, €2.70 at the end of 2026, and €3.60 at the end of 2027. This outlook reflects Glenveagh's strong financial performance, robust order book, and positive analyst sentiment, as well as ongoing government support for housing in Ireland which continues to fuel sector momentum.
Should I sell my Glenveagh Properties shares?
Holding onto Glenveagh Properties shares may be appropriate given the company’s solid fundamentals and strategic positioning. Glenveagh has delivered robust growth, outperformed expectations, and maintains a strong order book. Long-term demand for residential construction in Ireland remains high, with attractive sector trends and supportive government policy boosting visibility for future growth.
How are Glenveagh Properties shares taxed in Ireland and are they eligible for any local tax schemes?
In Ireland, gains from selling Glenveagh Properties shares are subject to Capital Gains Tax, and any future dividends would be taxable as income. Glenveagh Properties is not eligible for tax-advantaged schemes like the PEA, which is only accessible to French residents and qualifying European stocks. Irish withholding tax does not apply to capital gains but may affect dividends if introduced in the future.