Cairn Homes - Underlying demand supports confident outlook

Cairn Homes' FY24 results were robust and it has issued even more challenging targets for FY25. The Irish housing market remains undersupplied, which bodes well for its future, supported by government policies to prioritise housing delivery. The valuation remains attractive, with the stock trading on a price-to-earnings (P/E) ratio of under 11x and yielding nearly 5%.

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