Here's Why Lendlease Group (ASX:LLC) Is Weighed Down By Its Debt Load
Apr 11
Australian (ASX) Real Estate Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies63
- 7D-3.7%
- 3M7.0%
- 1Y10.4%
- YTD4.1%
Over the last 7 days, the Real Estate industry has dropped 3.7%, driven by a pullback from Goodman Group of 1.0%. In the past year, the industry has gained 10%. Looking forward, earnings are forecast to grow by 29% annually.
Sector Valuation and Performance
Has the Australian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | AU$171.7b | AU$28.9b | -AU$3,139,449,437.00 | 27.2x | -54.7x | 5.9x |
| Thu, 21 Mar 2024 | AU$179.3b | AU$29.4b | -AU$3,139,449,437.00 | 29x | -57.1x | 6.1x |
| Sat, 17 Feb 2024 | AU$174.6b | AU$30.1b | -AU$2,520,791,372.00 | 29.3x | -69.3x | 5.8x |
| Mon, 15 Jan 2024 | AU$163.1b | AU$31.7b | AU$633.9m | 26.7x | 257.2x | 5.1x |
| Wed, 13 Dec 2023 | AU$158.9b | AU$31.8b | AU$656.1m | 26.4x | 242.2x | 5x |
| Fri, 10 Nov 2023 | AU$148.0b | AU$31.8b | AU$658.1m | 24.7x | 224.8x | 4.6x |
| Sun, 08 Oct 2023 | AU$145.5b | AU$31.8b | AU$658.1m | 24.6x | 221x | 4.6x |
| Tue, 05 Sep 2023 | AU$159.8b | AU$30.8b | AU$658.0m | 25.6x | 242.9x | 5.2x |
| Thu, 03 Aug 2023 | AU$156.4b | AU$33.7b | AU$10.4b | 13.3x | 15.1x | 4.6x |
| Sat, 01 Jul 2023 | AU$152.4b | AU$33.7b | AU$10.5b | 13x | 14.6x | 4.5x |
| Mon, 29 May 2023 | AU$155.2b | AU$33.7b | AU$10.5b | 12.5x | 14.8x | 4.6x |
| Wed, 26 Apr 2023 | AU$156.0b | AU$33.7b | AU$10.5b | 12.9x | 14.9x | 4.6x |
| Fri, 24 Mar 2023 | AU$52.7b | AU$20.9b | AU$3.8b | 11.7x | 13.8x | 2.5x |
| Sun, 19 Feb 2023 | AU$161.5b | AU$33.9b | AU$13.4b | 10.1x | 12.1x | 4.8x |
| Tue, 17 Jan 2023 | AU$158.1b | AU$35.2b | AU$19.0b | 8x | 8.3x | 4.5x |
| Thu, 15 Dec 2022 | AU$157.0b | AU$35.2b | AU$19.0b | 8.1x | 8.3x | 4.5x |
| Sat, 12 Nov 2022 | AU$156.3b | AU$35.2b | AU$19.0b | 8x | 8.2x | 4.4x |
| Mon, 10 Oct 2022 | AU$143.7b | AU$35.2b | AU$19.0b | 7.1x | 7.6x | 4.1x |
| Wed, 07 Sep 2022 | AU$156.7b | AU$35.2b | AU$18.9b | 7.9x | 8.3x | 4.5x |
| Fri, 05 Aug 2022 | AU$164.3b | AU$34.4b | AU$18.9b | 8.2x | 8.7x | 4.8x |
| Sun, 03 Jul 2022 | AU$151.1b | AU$34.7b | AU$18.8b | 8.9x | 8x | 4.4x |
| Tue, 31 May 2022 | AU$169.0b | AU$34.7b | AU$18.8b | 9.2x | 9x | 4.9x |
| Thu, 28 Apr 2022 | AU$182.9b | AU$34.7b | AU$18.8b | 9.3x | 9.7x | 5.3x |
| Sat, 26 Mar 2022 | AU$186.3b | AU$34.9b | AU$19.6b | 9.2x | 9.5x | 5.3x |
| Mon, 21 Feb 2022 | AU$183.4b | AU$34.3b | AU$17.9b | 9.9x | 10.3x | 5.3x |
| Wed, 19 Jan 2022 | AU$185.7b | AU$32.1b | AU$13.0b | 10.7x | 14.3x | 5.8x |
| Fri, 17 Dec 2021 | AU$194.6b | AU$32.1b | AU$13.0b | 10.7x | 15x | 6.1x |
| Sun, 14 Nov 2021 | AU$185.4b | AU$32.1b | AU$13.0b | 10.3x | 14.3x | 5.8x |
| Tue, 12 Oct 2021 | AU$177.2b | AU$32.2b | AU$12.9b | 10x | 13.7x | 5.5x |
| Thu, 09 Sep 2021 | AU$181.3b | AU$32.1b | AU$12.6b | 12x | 14.3x | 5.6x |
| Sat, 07 Aug 2021 | AU$177.0b | AU$32.2b | AU$12.6b | 12.6x | 14x | 5.5x |
| Fri, 30 Apr 2021 | AU$159.4b | AU$31.1b | AU$5.3b | 16.7x | 30.3x | 5.1x |
Price to Earnings Ratio
30.3x
Current Industry PE
- Investors are optimistic on the Australian Real Estate industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 5.9x.
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.
- Revenues have also declined 2.5% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate sector?
| AU Market | -2.96% | |
| Real Estate | -3.67% | |
| Retail REITs | -2.00% | |
| Specialized REITs | -2.92% | |
| Residential REITs | -2.99% | |
| Real Estate | -3.15% | |
| Hotel and Resort REITs | -3.38% | |
| REITS | -3.62% | |
| Industrial REITs | -4.71% | |
| Office REITs | -4.81% | |
| Health Care REITs | -5.58% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 110x.
- Analysts are expecting annual earnings growth of 43.4%, which is higher than its past year's earnings growth of 4.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 65% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| SCG Scentre Group | AU$3.21 | 2.9% +AU$467.0m | 12.2% | PB0.9x | |
| VCX Vicinity Centres | AU$1.96 | 4.0% +AU$341.4m | -4.9% | PB0.8x | |
| LLC Lendlease Group | AU$6.51 | 3.8% +AU$164.1m | -13.5% | PS0.4x | |
| CHC Charter Hall Group | AU$12.09 | 2.8% +AU$156.1m | 6.1% | PB1.9x | |
| GPT GPT Group | AU$4.22 | 1.9% +AU$153.2m | -5.4% | PB0.8x |