VGP (EBR:VGP) Takes On Some Risk With Its Use Of Debt
Dec 10
Have your own idea? Try our Stock Screener
Belgian (BEL20) Real Estate Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies32
- 7D-2.5%
- 3M-17.4%
- 1Y-23.1%
- YTD-22.7%
Over the last 7 days, the Real Estate industry has dropped 2.5%, driven by a pullback from VGP of 6.9%. Overall the industry is down 23% in 12 months. Earnings are forecast to grow by 20% 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, 22 Dec 2024 | €20.7b | €3.1b | €1.3b | 11x | 16.5x | 6.6x |
| Tue, 19 Nov 2024 | €22.2b | €3.1b | €1.3b | 13.1x | 17.2x | 7.1x |
| Thu, 17 Oct 2024 | €24.6b | €3.1b | €1.3b | 12.7x | 18.8x | 7.9x |
| Sat, 14 Sep 2024 | €25.7b | €3.1b | €1.4b | 13.4x | 18.4x | 8.3x |
| Mon, 12 Aug 2024 | €24.2b | €2.9b | €1.2b | 14.9x | 20x | 8.4x |
| Wed, 10 Jul 2024 | €24.1b | €2.9b | €1.0b | 14.8x | 23x | 8.4x |
| Fri, 07 Jun 2024 | €25.3b | €2.9b | €1.0b | 14.6x | 24.1x | 8.8x |
| Sun, 05 May 2024 | €24.7b | €2.9b | €1.1b | 14.1x | 23x | 8.6x |
| Tue, 02 Apr 2024 | €25.3b | €2.8b | €862.8m | 14.2x | 29.3x | 8.9x |
| Thu, 29 Feb 2024 | €23.8b | €2.8b | €964.0m | 13.7x | 24.7x | 8.4x |
| Sat, 27 Jan 2024 | €26.5b | €3.0b | €690.3m | 11.7x | 38.4x | 8.9x |
| Mon, 25 Dec 2023 | €26.9b | €3.0b | €706.7m | 12.8x | 38.1x | 9.1x |
| Wed, 22 Nov 2023 | €24.1b | €3.0b | €744.5m | 11.9x | 32.4x | 8.2x |
| Fri, 20 Oct 2023 | €21.4b | €2.9b | €1.1b | 10.3x | 19.1x | 7.3x |
| Sun, 17 Sep 2023 | €23.8b | €3.0b | €1.1b | 11.9x | 21.1x | 8x |
| Tue, 15 Aug 2023 | €24.6b | €2.9b | €1.5b | 9.9x | 16.1x | 8.3x |
| Thu, 13 Jul 2023 | €24.9b | €2.9b | €2.1b | 7.6x | 11.9x | 8.5x |
| Sat, 10 Jun 2023 | €25.6b | €2.9b | €2.1b | 7.8x | 12.2x | 8.7x |
| Mon, 08 May 2023 | €26.8b | €2.9b | €2.3b | 7.7x | 11.5x | 9.2x |
| Wed, 05 Apr 2023 | €25.8b | €2.8b | €2.8b | 7.6x | 9.1x | 9.2x |
| Fri, 03 Mar 2023 | €26.6b | €3.0b | €3.1b | 6.9x | 8.7x | 8.9x |
| Sun, 29 Jan 2023 | €27.1b | €2.9b | €4.2b | 6x | 6.4x | 9.4x |
| Tue, 27 Dec 2022 | €24.7b | €2.9b | €4.7b | 5.7x | 5.2x | 8.7x |
| Thu, 24 Nov 2022 | €24.6b | €2.9b | €4.7b | 5.8x | 5.2x | 8.6x |
| Sat, 22 Oct 2022 | €23.4b | €2.8b | €4.6b | 5.5x | 5.1x | 8.3x |
| Mon, 19 Sep 2022 | €27.8b | €2.8b | €4.7b | 6.3x | 6x | 9.7x |
| Wed, 17 Aug 2022 | €32.4b | €2.9b | €4.3b | 7.5x | 7.5x | 11.1x |
| Fri, 15 Jul 2022 | €28.9b | €2.9b | €4.1b | 8.4x | 7.1x | 10.1x |
| Sun, 12 Jun 2022 | €31.2b | €2.9b | €4.1b | 8.5x | 7.7x | 10.9x |
| Tue, 10 May 2022 | €32.0b | €2.8b | €3.9b | 9.1x | 8.3x | 11.3x |
| Thu, 07 Apr 2022 | €37.1b | €2.9b | €3.6b | 10.9x | 10.2x | 12.6x |
| Sat, 05 Mar 2022 | €32.7b | €2.8b | €3.6b | 10.8x | 9.2x | 11.7x |
| Mon, 31 Jan 2022 | €35.0b | €2.6b | €2.9b | 12.5x | 12.2x | 13.6x |
| Wed, 29 Dec 2021 | €37.3b | €2.5b | €2.7b | 13.1x | 13.7x | 14.7x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are relatively neutral on the Belgian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.0x.
- The 3-year average PS ratio of 9.3x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.2% 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 Belgian Real Estate sector?
| BE Market | -1.53% | |
| Real Estate | -2.50% | |
| Hotel and Resort REITs | 0% | |
| Office REITs | 0% | |
| Retail REITs | -0.64% | |
| REITS | -0.98% | |
| Health Care REITs | -1.81% | |
| Specialized REITs | -2.06% | |
| Industrial REITs | -2.35% | |
| Residential REITs | -3.24% | |
| Real Estate | -5.52% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 41.4x.
- Analysts are expecting annual earnings growth of 54.4%, which is lower than the prior year's growth of 144.4% per year.
- Investors are most pessimistic about the Specialized REITs industry, which is trading close to its 3-year average of 8.0x.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 54% over the next 5 years.
- However this is lower than its past earnings growth rate of 144% per year.
- In contrast, the Specialized REITs industry is expected to see its earnings decline 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 | |
|---|---|---|---|---|---|
| RET Retail Estates | €58.30 | 0.2% +€1.5m | -10.2% | PB0.7x | |
| ZEN Immo-Zenobe Gramme | €204.00 | 1.0% +€126.3k | 15.3% | n/a | |
| SOFT Softimat | €0.95 | 2.2% +€75.3k | -24.0% | PS4.2x | |
| 002784001 Compagnie Het Zoute | €5.95k | 4.4% +€2.5k | 4.4% | PE0.02x |