Austrian (ATX) Real Estate Sector Analysis

Sector Valuation and Performance

Has the Austrian Real Estate Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 10 May 2024	€7.7b	€1.6b	-€498,447,431.00	121.6x	-15.5x	4.9x
Sun, 07 Apr 2024	€7.7b	€1.6b	-€456,732,638.00	123x	-16.8x	4.9x
Tue, 05 Mar 2024	€7.2b	€1.3b	-€420,431,869.00	256.6x	-17.1x	5.6x
Thu, 01 Feb 2024	€7.3b	€1.3b	-€420,431,869.00	261.2x	-17.4x	5.7x
Sat, 30 Dec 2023	€7.2b	€1.3b	-€420,431,869.00	266.2x	-17.2x	5.7x
Mon, 27 Nov 2023	€6.6b	€1.2b	-€336,010,869.00	260x	-19.8x	5.5x
Wed, 25 Oct 2023	€6.6b	€1.2b	-€352,682,869.00	264.2x	-18.8x	5.5x
Fri, 22 Sep 2023	€6.6b	€1.2b	-€352,054,869.00	61x	-18.8x	5.5x
Sun, 20 Aug 2023	€6.6b	€1.0b	€89.7m	36x	73.2x	6.3x
Tue, 18 Jul 2023	€6.3b	€1.0b	€89.7m	33.8x	70.7x	6.1x
Thu, 15 Jun 2023	€6.0b	€1.0b	€89.7m	49.9x	67x	5.8x
Sat, 13 May 2023	€5.8b	€978.9m	€269.1m	33x	21.5x	5.9x
Mon, 10 Apr 2023	€5.5b	€1.0b	€264.3m	33x	21x	5.4x
Wed, 08 Mar 2023	€5.7b	€1.2b	€1.1b	17.8x	5.4x	4.7x
Fri, 03 Feb 2023	€5.9b	€1.2b	€1.1b	18.9x	5.6x	4.9x
Sun, 01 Jan 2023	€5.5b	€1.2b	€1.1b	13.9x	5.2x	4.6x
Tue, 29 Nov 2022	€6.3b	€1.2b	€1.0b	18x	6.1x	5.1x
Thu, 27 Oct 2022	€6.7b	€1.3b	€990.1m	10.4x	6.7x	5.1x
Sat, 24 Sep 2022	€6.8b	€1.3b	€990.9m	10.4x	6.9x	5.2x
Mon, 22 Aug 2022	€7.3b	€1.3b	€1.1b	9.4x	6.4x	5.8x
Wed, 20 Jul 2022	€7.1b	€1.3b	€1.1b	7.8x	6.2x	5.7x
Fri, 17 Jun 2022	€7.0b	€1.3b	€1.1b	8.9x	6.1x	5.6x
Sun, 15 May 2022	€8.1b	€1.3b	€1.1b	9.3x	7.4x	6.2x
Tue, 12 Apr 2022	€8.0b	€1.2b	€940.2m	14x	8.5x	6.7x
Thu, 10 Mar 2022	€9.2b	€1.4b	€759.3m	11.7x	12.1x	6.6x
Sat, 05 Feb 2022	€9.6b	€1.4b	€759.3m	11.8x	12.7x	6.9x
Mon, 03 Jan 2022	€9.5b	€1.4b	€759.3m	12x	12.6x	6.8x
Wed, 01 Dec 2021	€9.4b	€1.4b	€713.5m	11.8x	13.2x	6.8x
Fri, 29 Oct 2021	€9.7b	€1.4b	€722.3m	11.8x	13.4x	7.1x
Sun, 26 Sep 2021	€9.4b	€1.4b	€722.3m	11.9x	13x	6.9x
Tue, 24 Aug 2021	€9.4b	€1.4b	€720.6m	14.1x	13x	6.9x
Wed, 30 Jun 2021	€8.9b	€1.4b	€720.6m	12.9x	12.4x	6.6x

Current Industry PE

Investors are pessimistic on the Austrian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.9x.

Past Earnings Growth

Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
Meanwhile revenues have grown 6.7% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Austrian Real Estate sector?


AT Market	1.21%
Real Estate	-0.17%
REITS	0%
Specialized REITs	0%
Residential REITs	0%
Hotel and Resort REITs	0%
Industrial REITs	0%
Health Care REITs	0%
Retail REITs	0%
Office REITs	0%
Real Estate	-0.17%

Industry PE

Forecasted Growth

Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 74% over the next 5 years.
This is better than its past earnings growth rate of 57% per year.

In contrast, the Real Estate industry is expected to see its earnings grow by 74% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
SPI S IMMO	€17.75	2.9% +€35.2m	39.5%	PS3.7x
IIA IMMOFINANZ	€23.85	0.4% +€13.8m	57.9%	PS4.5x
ATH Athos Immobilien	€43.20	1.4% +€1.0m	-6.9%	PE229.3x

Company

Last Price

Valuation

SPI S IMMO

€17.75

2.9%
+€35.2m

39.5%

PS3.7x

IIA IMMOFINANZ

€23.85

0.4%
+€13.8m

57.9%