Brazilian (BOVESPA) Real Estate Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies63
- 7D0.4%
- 3M-1.7%
- 1Y3.3%
- YTD-6.0%
The Real Estate industry is up 1.2% in the last week, with Allos up 4.0%. This takes the industry's 12 month performance to a gain of 3.3%. Earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Brazilian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | R$79.3b | R$16.6b | R$5.2b | 9.7x | 15.2x | 4.8x |
| Sun, 14 Apr 2024 | R$81.4b | R$17.4b | R$7.9b | 9.6x | 10.3x | 4.7x |
| Tue, 12 Mar 2024 | R$80.5b | R$14.7b | R$6.9b | 10.6x | 11.7x | 5.5x |
| Thu, 08 Feb 2024 | R$76.8b | R$14.3b | R$6.5b | 10x | 11.8x | 5.4x |
| Sat, 06 Jan 2024 | R$84.5b | R$15.8b | R$7.0b | 10.9x | 12x | 5.3x |
| Mon, 04 Dec 2023 | R$83.2b | R$29.4b | R$7.0b | 9.8x | 11.8x | 2.8x |
| Wed, 01 Nov 2023 | R$78.4b | R$28.9b | R$7.2b | 9.2x | 10.8x | 2.7x |
| Fri, 29 Sep 2023 | R$79.4b | R$15.7b | R$7.1b | 9.5x | 11.1x | 5x |
| Sun, 27 Aug 2023 | R$82.5b | R$15.5b | R$7.0b | 10.3x | 11.9x | 5.3x |
| Tue, 25 Jul 2023 | R$84.0b | R$14.6b | R$5.0b | 11.7x | 16.7x | 5.8x |
| Thu, 22 Jun 2023 | R$82.7b | R$15.1b | R$5.4b | 10.9x | 15.3x | 5.5x |
| Sat, 20 May 2023 | R$77.4b | R$14.1b | R$5.1b | 10.2x | 15.1x | 5.5x |
| Mon, 17 Apr 2023 | R$73.1b | R$14.5b | R$2.3b | 12x | 31.6x | 5.1x |
| Wed, 15 Mar 2023 | R$73.6b | R$14.7b | R$2.7b | 9.9x | 26.9x | 5x |
| Fri, 10 Feb 2023 | R$67.9b | R$16.4b | R$4.1b | 10.8x | 16.6x | 4.1x |
| Sun, 08 Jan 2023 | R$67.9b | R$16.4b | R$4.1b | 11.4x | 16.6x | 4.1x |
| Tue, 06 Dec 2022 | R$69.9b | R$15.0b | R$3.3b | 8.9x | 21.2x | 4.7x |
| Thu, 03 Nov 2022 | R$79.2b | R$14.5b | R$3.1b | 7.8x | 25.6x | 5.5x |
| Sat, 01 Oct 2022 | R$75.6b | R$14.5b | R$3.1b | 8.2x | 24.6x | 5.2x |
| Mon, 29 Aug 2022 | R$73.2b | R$14.0b | R$3.0b | 9.6x | 24x | 5.2x |
| Wed, 27 Jul 2022 | R$67.5b | R$14.2b | R$4.8b | 8.2x | 14.1x | 4.8x |
| Fri, 24 Jun 2022 | R$66.2b | R$14.9b | R$5.4b | 7.7x | 12.3x | 4.4x |
| Sun, 22 May 2022 | R$71.4b | R$14.5b | R$5.4b | 8.2x | 13.3x | 4.9x |
| Tue, 19 Apr 2022 | R$152.9b | R$14.3b | R$5.3b | 8.4x | 28.6x | 10.7x |
| Thu, 17 Mar 2022 | R$151.5b | R$14.7b | R$5.1b | 9.4x | 29.7x | 10.3x |
| Sat, 12 Feb 2022 | R$153.7b | R$12.5b | R$3.8b | 10.9x | 40.2x | 12.3x |
| Mon, 10 Jan 2022 | R$146.5b | R$12.2b | R$3.5b | 12x | 42x | 12x |
| Wed, 08 Dec 2021 | R$75.9b | R$12.5b | R$4.2b | 12.1x | 18.1x | 6.1x |
| Fri, 05 Nov 2021 | R$75.1b | R$12.1b | R$4.2b | 11.5x | 17.8x | 6.2x |
| Sun, 03 Oct 2021 | R$78.7b | R$12.0b | R$4.7b | 12.4x | 16.7x | 6.6x |
| Tue, 31 Aug 2021 | R$60.8b | R$11.4b | R$3.9b | 13x | 15.6x | 5.3x |
| Wed, 07 Jul 2021 | R$68.9b | R$11.4b | R$3.9b | 14.5x | 17.7x | 6x |
Price to Earnings Ratio
27.9x
Current Industry PE
- Investors are pessimistic on the Brazilian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Real Estate sector?
| BR Market | 0.54% | |
| Real Estate | 0.45% | |
| Real Estate | 1.23% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.22% | |
| REITS | -0.25% | |
| Specialized REITs | -0.87% | |
| Industrial REITs | -0.96% | |
| Office REITs | -1.01% | |
| Health Care REITs | -1.21% | |
Industry PE
- Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 49.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 17.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALOS3 Allos | R$22.05 | 4.0% +R$470.1m | 6.4% | PE24.1x | |
| MULT3 Multiplan Empreendimentos Imobiliários | R$24.02 | 1.6% +R$215.1m | -11.2% | PE12.9x | |
| MFII11 Mérito Desenvolvimento Imobiliário I FII - Fundo de Investimento Imobiliário | R$104.02 | 0.5% +R$84.1m | 11.0% | n/a | |
| LOGG3 LOG Commercial Properties e Participações | R$22.97 | 3.0% +R$67.2m | 12.8% | PE10.5x | |
| LAND3 Terra Santa Propriedades Agrícolas | R$15.37 | 3.2% +R$45.2m | -44.6% | PE44.2x |