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Apr 12
Australian (ASX) Real Estate Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies20
- 7D0.08%
- 3M-5.8%
- 1Y-9.2%
- YTD-8.4%
Over the last 7 days, the Real Estate industry has remained flat, although notably Lendlease Group gained 5.7%. As for the longer term, the industry has declined 9.8% in the last year. As for the next few years, earnings are expected to grow by 44% per annum.
Industry Valuation and Performance
Has the Australian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | AU$11.0b | AU$12.1b | AU$24.1m | 13.1x | 457.6x | 0.9x |
| Sun, 24 Mar 2024 | AU$11.4b | AU$12.1b | AU$24.1m | 12.6x | 471.6x | 0.9x |
| Tue, 20 Feb 2024 | AU$11.1b | AU$12.4b | AU$28.1m | 13.7x | 395.9x | 0.9x |
| Thu, 18 Jan 2024 | AU$11.4b | AU$12.6b | AU$54.9m | 12.8x | 207.4x | 0.9x |
| Sat, 16 Dec 2023 | AU$12.8b | AU$12.7b | AU$77.0m | 18.2x | 165.7x | 1x |
| Mon, 13 Nov 2023 | AU$11.5b | AU$12.7b | AU$78.8m | 17.2x | 146.3x | 0.9x |
| Wed, 11 Oct 2023 | AU$12.0b | AU$12.7b | AU$78.8m | 16.2x | 151.9x | 0.9x |
| Fri, 08 Sep 2023 | AU$12.6b | AU$12.7b | AU$78.8m | 17.6x | 159.7x | 1x |
| Sun, 06 Aug 2023 | AU$13.5b | AU$12.3b | AU$402.4m | 20.6x | 33.5x | 1.1x |
| Tue, 04 Jul 2023 | AU$13.1b | AU$12.3b | AU$401.3m | 16.2x | 32.7x | 1.1x |
| Thu, 01 Jun 2023 | AU$12.9b | AU$12.3b | AU$403.4m | 12.3x | 32.1x | 1.1x |
| Sat, 29 Apr 2023 | AU$12.9b | AU$12.3b | AU$405.7m | 16.2x | 31.7x | 1x |
| Mon, 27 Mar 2023 | AU$12.1b | AU$12.3b | AU$410.7m | 13.1x | 29.5x | 1x |
| Wed, 22 Feb 2023 | AU$13.1b | AU$12.3b | AU$441.6m | 10.6x | 29.7x | 1.1x |
| Fri, 20 Jan 2023 | AU$13.8b | AU$11.5b | AU$327.4m | 10.7x | 42.2x | 1.2x |
| Sun, 18 Dec 2022 | AU$13.1b | AU$11.5b | AU$327.4m | 10.3x | 40.1x | 1.1x |
| Tue, 15 Nov 2022 | AU$13.6b | AU$11.5b | AU$326.1m | 11x | 41.6x | 1.2x |
| Thu, 13 Oct 2022 | AU$13.3b | AU$11.5b | AU$326.0m | 10.4x | 40.9x | 1.2x |
| Sat, 10 Sep 2022 | AU$15.3b | AU$11.5b | AU$314.9m | 10.6x | 48.6x | 1.3x |
| Mon, 08 Aug 2022 | AU$15.0b | AU$11.9b | AU$74.3m | 15.2x | 202.3x | 1.3x |
| Wed, 06 Jul 2022 | AU$13.9b | AU$12.2b | AU$95.7m | 13x | 145.6x | 1.1x |
| Fri, 03 Jun 2022 | AU$15.5b | AU$12.2b | AU$117.6m | 13.9x | 131.6x | 1.3x |
| Sun, 01 May 2022 | AU$17.3b | AU$12.2b | AU$116.8m | 15x | 148.4x | 1.4x |
| Tue, 29 Mar 2022 | AU$16.5b | AU$12.2b | AU$115.9m | 15.9x | 142.3x | 1.4x |
| Thu, 24 Feb 2022 | AU$16.9b | AU$12.1b | AU$79.6m | 16.5x | 211.8x | 1.4x |
| Sat, 22 Jan 2022 | AU$15.9b | AU$12.3b | AU$510.9m | 16.2x | 31.1x | 1.3x |
| Mon, 20 Dec 2021 | AU$16.1b | AU$12.3b | AU$510.9m | 17.4x | 31.5x | 1.3x |
| Wed, 17 Nov 2021 | AU$16.3b | AU$12.3b | AU$507.4m | 18.4x | 32.1x | 1.3x |
| Fri, 15 Oct 2021 | AU$16.5b | AU$12.3b | AU$500.7m | 17.4x | 32.9x | 1.3x |
| Sun, 12 Sep 2021 | AU$16.4b | AU$12.3b | AU$520.2m | 15.1x | 31.6x | 1.3x |
| Tue, 10 Aug 2021 | AU$17.3b | AU$12.4b | AU$518.4m | 16.5x | 33.4x | 1.4x |
| Mon, 03 May 2021 | AU$14.2b | AU$12.3b | AU$129.5m | 18.4x | 110x | 1.2x |
Price to Earnings Ratio
110x
Current Industry PE
- Investors are optimistic on the Australian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 458x which is higher than its 3-year average PE of 111x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 43% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Australian Real Estate industry?
| AU Market | 0.42% | |
| Real Estate | 0.11% | |
| Real Estate | 0.077% | |
| Diversified Real Estate | 4.77% | |
| Real Estate Operating Companies | 4.40% | |
| Real Estate Services | 0.19% | |
| Real Estate Development | -9.40% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings growth of 1.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 63% over the next 5 years.
- However this is lower than its past earnings growth rate of 79% per year.
- In contrast, the Real Estate Development 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 | |
|---|---|---|---|---|---|
| LLC Lendlease Group | AU$6.53 | 5.7% +AU$239.3m | -11.9% | PS0.4x | |
| SRV Servcorp | AU$4.39 | 7.6% +AU$30.5m | 43.9% | PE27.3x | |
| UOS United Overseas Australia | AU$0.61 | 0.8% +AU$8.1m | 8.0% | PE12.4x | |
| AU1 Agency Group Australia | AU$0.035 | 40.0% +AU$4.3m | 20.7% | PS0.2x | |
| AXI Axiom Properties | AU$0.051 | 10.9% +AU$2.2m | 8.5% | PS17.4x |
