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South African (JSE) Real Estate Industry Analysis

UpdatedMay 04, 2024
DataAggregated Company Financials
Companies10
  • 7D-0.08%
  • 3M10.9%
  • 1Y26.1%
  • YTD11.6%

The Real Estate industry has stayed flat over the last week. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

Has the South African Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 May 2024R146.8bR30.3bR27.7b5.5x5.3x4.9x
Mon, 01 Apr 2024R152.6bR30.7bR28.2b5.6x5.4x5x
Wed, 28 Feb 2024R153.0bR30.5bR20.4b6.7x7.5x5x
Fri, 26 Jan 2024R130.4bR28.8bR21.2b6.8x6.1x4.5x
Sun, 24 Dec 2023R129.0bR28.7bR21.2b6.7x6.1x4.5x
Tue, 21 Nov 2023R115.1bR28.3bR20.6b6.5x5.6x4.1x
Thu, 19 Oct 2023R107.1bR28.3bR20.4b5.7x5.2x3.8x
Sat, 16 Sep 2023R111.1bR28.3bR20.6b5.7x5.4x3.9x
Mon, 14 Aug 2023R121.1bR25.9bR16.0b6x7.6x4.7x
Wed, 12 Jul 2023R116.6bR25.7bR15.8b6.5x7.4x4.5x
Fri, 09 Jun 2023R120.2bR25.5bR15.9b7x7.6x4.7x
Sun, 07 May 2023R118.9bR26.0bR16.2b4.5x7.3x4.6x
Tue, 04 Apr 2023R92.4bR19.7bR13.6b4.3x6.8x4.7x
Thu, 02 Mar 2023R98.3bR18.9bR13.5b3.9x7.3x5.2x
Sat, 28 Jan 2023R97.5bR17.9bR10.3b4.6x9.5x5.5x
Mon, 26 Dec 2022R95.8bR17.4bR10.0b4.9x9.6x5.5x
Wed, 23 Nov 2022R93.4bR16.9bR9.9b4.4x9.4x5.5x
Fri, 21 Oct 2022R83.2bR17.0bR9.7b5.8x8.6x4.9x
Sun, 18 Sep 2022R86.5bR16.7bR9.6b7.9x9.1x5.2x
Tue, 16 Aug 2022R79.9bR14.1bR7.2b8.1x11x5.7x
Thu, 14 Jul 2022R75.8bR14.3bR7.4b8x10.3x5.3x
Sat, 11 Jun 2022R77.5bR13.8bR5.7b8.7x13.5x5.6x
Mon, 09 May 2022R76.7bR13.7bR5.8b9x13.3x5.6x
Wed, 06 Apr 2022R91.7bR15.7bR4.6b9.2x20x5.8x
Fri, 04 Mar 2022R91.8bR19.0bR4.7b5.7x19.6x4.8x
Sun, 30 Jan 2022R93.9bR19.0bR3.4b5.5x27.5x4.9x
Tue, 28 Dec 2021R96.9bR19.1bR3.4b6x28.2x5.1x
Thu, 25 Nov 2021R94.5bR19.2bR2.9b9.5x32.6x4.9x
Sat, 23 Oct 2021R92.5bR18.6bR2.5b9.4x36.3x5x
Mon, 20 Sep 2021R94.4bR18.1bR2.4b16.9x38.7x5.2x
Wed, 18 Aug 2021R89.6bR17.9bR1.7b14x53.3x5x
Wed, 02 Jun 2021R88.0bR18.4b-R2,055,763,557.2517x-42.8x4.8x
Price to Earnings Ratio

-42.8x


Total Market Cap: R88.0bTotal Earnings: -R2,055,763,557.25Total Revenue: R18.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Industry Price to Earnings3Y Average 14.1x202220232024
Current Industry PE
  • Investors are pessimistic on the South African 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 5.3x which is lower than its 3-year average PE of 14.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 18% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Real Estate industry?

ZA Market1.90%
Real Estate1.32%
Real Estate-0.08%
Real Estate Development3.22%
Diversified Real Estate0%
Real Estate Services0%
Real Estate Operating Companies-0.092%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 16.0x.
    • Analysts are expecting annual earnings decline of 0.3%, which is lower than the prior year's growth of 14.9% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 3.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FFB Fortress Real Estate InvestmentsR14.702.0%
+R632.5m		177.4%PE5.3x
MSP MASR16.502.4%
+R268.3m		-21.3%PE5.7x
CGR Calgro M3 HoldingsR5.773.2%
+R17.1m		93.0%PE2.7x
CPP Collins Property GroupR7.400.4%
+R7.7m		4.2%PE3.9x
PPR PutpropR3.184.3%
+R5.5m		-5.1%PE10.6x
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Latest News

ACS

R6.20

Acsion

7D

-1.3%

1Y

3.5%

FFB

R14.70

Fortress Real Estate Investments

7D

2.0%

1Y

177.4%

CGR

R5.77

Calgro M3 Holdings

7D

3.2%

1Y

93.0%

CPP

R7.40

Collins Property Group

7D

0.4%

1Y

4.2%

NRP

R125.46

NEPI Rockcastle

7D

-1.2%

1Y

13.7%

PPR

R3.18

Putprop

7D

4.3%

1Y

-5.1%

MSP

R16.50

MAS

7D

2.4%

1Y

-21.3%

VIS

R0.02

Visual International Holdings

7D

100.0%

1Y

100.0%