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Belgian (BEL20) Real Estate Industry Analysis

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies18
  • 7D-3.4%
  • 3M-6.7%
  • 1Y-13.0%
  • YTD-9.8%

The Real Estate is pretty flat in the last 7 days, but Atenor has stood out, gaining 4.3%. Unfortunately though, the industry is down 18% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the Belgian Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Sep 2023€6.6b€810.5m€249.3m6.7x26.7x8.2x
Tue, 22 Aug 2023€7.0b€880.0m€389.1m14.3x17.9x7.9x
Thu, 20 Jul 2023€7.2b€847.6m€502.3m19.8x14.3x8.5x
Sat, 17 Jun 2023€7.5b€847.8m€502.5m20.7x14.9x8.8x
Mon, 15 May 2023€7.7b€858.3m€505.9m21.2x15.2x8.9x
Wed, 12 Apr 2023€7.7b€862.8m€515.6m18.6x14.9x8.9x
Fri, 10 Mar 2023€7.4b€946.4m€690.8m13x10.7x7.8x
Sun, 05 Feb 2023€8.1b€964.1m€1.5b5.7x5.5x8.4x
Tue, 03 Jan 2023€7.3b€964.1m€1.5b5.7x5x7.6x
Thu, 01 Dec 2022€7.0b€964.1m€1.5b5.4x4.8x7.3x
Sat, 29 Oct 2022€6.8b€964.1m€1.5b5.4x4.7x7.1x
Mon, 26 Sep 2022€7.0b€964.0m€1.5b5.2x4.8x7.3x
Wed, 24 Aug 2022€9.4b€1.1b€1.5b6.3x6.1x8.4x
Fri, 22 Jul 2022€9.2b€1.1b€1.3b6.1x7x8.3x
Sun, 19 Jun 2022€9.3b€1.1b€1.3b6.7x7x8.4x
Tue, 17 May 2022€9.8b€1.1b€1.3b7.2x7.5x8.9x
Thu, 14 Apr 2022€12.0b€1.3b€1.3b8.4x9.5x9.5x
Sat, 12 Mar 2022€11.1b€1.2b€1.2b10.6x8.9x9x
Mon, 07 Feb 2022€11.2b€947.6m€778.6m13.4x14.4x11.8x
Wed, 05 Jan 2022€12.1b€946.2m€778.5m14.3x15.6x12.8x
Fri, 03 Dec 2021€11.6b€947.6m€778.4m15.6x14.9x12.3x
Sun, 31 Oct 2021€11.0b€947.1m€783.2m13.6x14.1x11.6x
Tue, 28 Sep 2021€10.0b€947.1m€783.2m12.8x12.7x10.5x
Thu, 26 Aug 2021€10.0b€949.7m€784.1m12.1x12.7x10.5x
Fri, 02 Jul 2021€8.7b€949.7m€784.1m11.8x11.1x9.2x
Mon, 05 Apr 2021€7.8b€921.0m€767.3m12.9x10.2x8.5x
Thu, 07 Jan 2021€7.3b€892.7m€749.2m14.7x9.7x8.1x
Wed, 30 Sep 2020€7.1b€940.3m€738.4m11.4x9.6x7.6x
Price to Earnings Ratio

9.6x


Total Market Cap: €7.1bTotal Earnings: €738.4mTotal Revenue: €940.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Real Estate Industry Price to Earnings3Y Average 10.8x202120222023
Current Industry PE
  • Investors are optimistic on the Belgian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.1x which is higher than its 3-year average PE of 10.8x.
  • The industry is trading close to its 3-year average PS ratio of 9.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 30% per year over the last three years,
  • Revenues have also declined 4.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Belgian Real Estate industry?

BE Market-1.11%
Real Estate-3.63%
Real Estate-3.36%
Real Estate Services0%
Real Estate Operating Companies-3.21%
Diversified Real Estate-6.11%
Real Estate Development-6.33%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 97.0%, which is higher than its past year's earnings decline of 30.6% per year.
  • Investors are most pessimistic about the Diversified Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 97% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BANI Banimmo€3.661.1%
+€450.0k
-8.5%PS6.5x
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IMMO

€29.90

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7D

-6.4%

1Y

-36.9%

ACCB

€0.029

Accentis

7D

-1.4%

1Y

-11.0%

BANI

€3.66

Banimmo

7D

1.1%

1Y

-8.5%

VGP

€87.15

VGP

7D

-4.4%

1Y

-17.3%

SHUR

€38.87

Shurgard Self Storage

7D

-2.7%

1Y

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IMMOU

€34.20

Immo Moury

7D

-8.1%

1Y

-14.5%

TEXF

€33.60

Texaf

7D

-1.2%

1Y

0.6%

IEP

€5.40

Iep Invest

7D

-4.4%

1Y

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BEAB

€4.48

Immo-Beaulieu

7D

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1Y

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