Belgian (BEL20) Real Estate Sector Analysis
UpdatedNov 26, 2022
DataAggregated Company Financials
Companies33
- 7D-1.0%
- 3M-18.8%
- 1Y-34.7%
- YTD-36.1%
Over the last 7 days, the Real Estate industry has dropped 1.0%, and Aedifica contributed the most with a 2.1% decline. The industry has fallen 35% in the last year. In the next few years, earnings are forecast to decline by 19% annually.
Sector Valuation and Performance
Has the Belgian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | €24.7b | €2.9b | €4.7b | 5.8x | 5.2x | 8.6x |
| Tue, 25 Oct 2022 | €23.4b | €2.8b | €4.6b | 5.5x | 5.1x | 8.3x |
| Thu, 22 Sep 2022 | €26.8b | €2.8b | €4.7b | 6x | 5.7x | 9.4x |
| Sat, 20 Aug 2022 | €31.6b | €3.0b | €4.4b | 7.1x | 7.1x | 10.6x |
| Mon, 18 Jul 2022 | €29.1b | €2.9b | €4.1b | 8.5x | 7.1x | 10.1x |
| Wed, 15 Jun 2022 | €30.1b | €2.9b | €4.1b | 8.1x | 7.4x | 10.5x |
| Fri, 13 May 2022 | €32.6b | €2.9b | €3.9b | 8.3x | 8.3x | 11.3x |
| Sun, 10 Apr 2022 | €37.3b | €2.9b | €3.6b | 11x | 10.3x | 12.7x |
| Tue, 08 Mar 2022 | €32.1b | €2.9b | €3.6b | 10.4x | 8.9x | 11.1x |
| Thu, 03 Feb 2022 | €35.6b | €2.6b | €2.9b | 12.5x | 12.4x | 13.8x |
| Sat, 01 Jan 2022 | €37.9b | €2.5b | €2.7b | 13.4x | 13.9x | 14.9x |
| Mon, 29 Nov 2021 | €36.7b | €2.5b | €2.7b | 12.6x | 13.5x | 14.4x |
| Wed, 27 Oct 2021 | €35.9b | €2.5b | €2.6b | 12.8x | 13.7x | 14.3x |
| Fri, 24 Sep 2021 | €34.5b | €2.5b | €2.4b | 12.5x | 14.3x | 13.7x |
| Sun, 22 Aug 2021 | €34.7b | €2.5b | €2.4b | 12.3x | 14.4x | 13.8x |
| Fri, 09 Jul 2021 | €30.4b | €2.5b | €2.4b | 11.8x | 12.6x | 12.1x |
| Thu, 01 Apr 2021 | €27.0b | €2.4b | €2.0b | 12.4x | 13.6x | 11.1x |
| Sun, 03 Jan 2021 | €26.0b | €2.4b | €1.6b | 15.7x | 16.2x | 10.9x |
| Wed, 07 Oct 2020 | €26.3b | €2.4b | €1.8b | 12.4x | 14.7x | 11x |
| Tue, 30 Jun 2020 | €24.2b | €2.4b | €1.7b | 12.1x | 13.9x | 9.9x |
| Fri, 03 Apr 2020 | €22.4b | €2.4b | €1.8b | 13.9x | 12.2x | 9.4x |
| Mon, 06 Jan 2020 | €24.8b | €2.3b | €1.9b | 13.6x | 13.3x | 10.8x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are pessimistic on the Belgian 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 5.2x which is lower than its 3-year average PE of 12.4x.
- The 3-year average PS ratio of 11.4x is higher than the industry's current PS ratio of 8.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 9.7% 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 Belgian Real Estate sector?
| BE Market | 1.51% | |
| Real Estate | -1.01% | |
| Real Estate | -0.66% | |
| REITS | -1.13% | |
Industry PE
- Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 14.0x.
- Analysts are expecting annual earnings decline of 18.7%, which is lower than the prior year's growth of 91.0% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 10.1x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the REITS industry since they expect its earnings to decline by only 19% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 91% per year.
- In contrast, the Real Estate industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| RET Retail Estates | €62.70 | 1.8% +€68.4m | -10.7% | PB0.9x | |
| VGP VGP | €77.70 | 2.0% +€32.7m | -67.6% | PB0.8x | |
| ASC Ascencio | €52.00 | 2.8% +€9.2m | 3.4% | PB0.8x | |
| ATEB Atenor | €47.40 | 1.9% +€6.1m | -15.4% | PB1.1x | |
| BEFB Befimmo | €47.15 | 0.3% +€4.1m | 44.9% | PB0.7x |