Stock · Euronext Dublin
Should you buy Glenveagh Properties stock?
A fast-growing Irish homebuilder with strong recent momentum and a modest valuation, but no dividend and full exposure to the housing cycle. Here is our rating, the real trade-offs, and how to buy it.
Key points
- Euronext Dublin: GVR. Irish homebuilder, also listed in London; held in an ordinary brokerage account.
- FY2024 revenue ≈ €869m (+43% YoY) and EPS ≈ €0.17 (+112% YoY).
- Modest valuation (P/E ≈ 10.95, forward ≈ 9.51) but no dividend.
- Order book of ≈ €1.1bn (+35% YoY); shares up ≈ 28.49% over 12 months.
01Our review
Glenveagh Properties at a glance
Glenveagh Properties is one of Ireland's fast-growing homebuilders, led by CEO Stephen Garvey. For FY2024 the group reported revenue of about €869m, up roughly 43% year on year, with a gross margin around 21.2%, earnings per share of about €0.17 (up around 112%) and return on equity near 13.68%. The order book stood at around €1.1bn, up about 35%, giving decent forward visibility, while net debt was around €179m. The valuation is modest, with a trailing P/E around 10.95 and a forward P/E near 9.51, a price/book around 1.34 and a price/sales around 1.23. Momentum has been strong: the shares are up about 28.49% over twelve months and around 15.6% year to date. The company does not currently pay a dividend, so the case is capital growth. The trade-off is the housing cycle: demand, prices and completions move with interest rates, supply and the broader economy. For an investor this is a growth-oriented builder with real momentum and a reasonable price, but no income and full cyclicality.
Strengths
- Strong growth: FY2024 revenue up around 43% and EPS up roughly 112%.
- Modest valuation: a trailing P/E around 10.95 and forward P/E near 9.51.
- Order-book visibility: a pipeline of around €1.1bn, up about 35%.
- Positive momentum: shares up about 28.49% over twelve months.
Watch-outs
- No dividend: the case is capital growth, not income.
- Housing-cycle exposure: revenue, prices and completions track rates, supply and the economy.
02Snapshot
Glenveagh Properties in brief
Fundamentals verified as of 22 July 2026.
03Share price
How much does a Glenveagh Properties share cost?
Below is our dated reference price and the recent trend. Glenveagh trades in EUR on Euronext Dublin and is sensitive to Irish housing demand and interest rates: expect swings around results and macro data. Figures are a snapshot to refresh, not a live quote.
Dated snapshot (monthly closes), not a live quote. Source:Yahoo Finance.
04Our verdict
Our verdict, backed by sources
Growth builder with momentum, no income
A fast-growing Irish homebuilder with strong recent results, real order-book visibility and a modest valuation, but no dividend and full exposure to the housing cycle. A reasonable growth holding for investors who accept the cycle.
This is analysis, not advice. The bull case: Glenveagh has grown fast, with FY2024 revenue up around 43% and EPS up roughly 112%, a modest valuation (P/E around 10.95, forward near 9.51), and an order book of about €1.1bn (up around 35%) that gives forward visibility. Momentum has been strong, with the shares up about 28.49% over twelve months.
The bear case: homebuilding is cyclical, and revenue, prices and completions move with interest rates, supply and the broader economy. The company pays no dividend, so there is no income cushion while you wait, and net debt is around €179m.
Our take: a growth-oriented builder with genuine momentum at a reasonable price, but fully exposed to the Irish housing cycle and offering no income. Size it with that in mind. As always, no invented price target.
05Get started
How to buy Glenveagh Properties stock
Two routes, both from regulated brokers serving the Irish market. A broker comparison is further down.
Cash / spot
Buy the real share (cash)
You own the share and benefit from long-term appreciation. Cost is a small commission per order; there is no FX conversion for an Irish investor, since GVR trades in EUR on Euronext Dublin. Best for buy-and-hold investors. Check how capital gains are taxed in your situation.
CFD (leveraged)
Trade via CFD (leverage)
A CFD tracks the price with leverage that amplifies gains and losses; costs are the spread plus overnight financing. Short-term, risk-aware traders only; most retail CFD accounts lose money.
For most investors, buying the real share in a brokerage account is simplest for the long term. Compare brokers on Irish and European commissions below.
06Playbook
6 practical tips for buying Glenveagh Properties
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Mind the housing cycle
Prices, demand and completions move with rates, supply and the economy.
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Don't expect income
The company pays no dividend, so the return has to come from the share price.
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Value the momentum
Shares are up about 28.49% over 12 months; strong runs can reverse, so mind your entry.
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Read the order book
A pipeline of around €1.1bn gives some visibility on future revenue.
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Watch the debt
Net debt of around €179m matters more when rates are high.
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Mind tax
Check how Irish tax treats your capital gains before you buy.
08Where to invest
Where to buy Glenveagh Properties stock
For Glenveagh Properties, prioritise a regulated broker with low commissions on Euronext Dublin. Compare regulated brokers side by side.
Compare brokersGlenveagh Properties stock FAQ
- No, not currently. The investment case is capital growth rather than income, funded by the company's growth and buyback activity.
- Irish investors are generally subject to capital gains tax on gains from shares. The exact treatment depends on your situation and account: verify with your broker or a tax adviser.
- We don't publish one. We refuse to invent a figure or a fake consensus. When a credible, sourced analyst consensus exists we may cite it with its date; otherwise we say we don't have one.
Why trust HelloBrokers on this
Independent editorial team. We are not paid by Glenveagh Properties, and we don't publish invented price targets or a fake bank consensus. Ratings follow our methodology; broker referrals (disclosed on each page) fund our work and never change our verdict.
This content is for information only and is not investment advice, a recommendation or a solicitation. Past performance does not predict future returns. Investing carries a risk of capital loss; CFDs amplify that risk. Do your own research and consider professional advice before investing.