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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | €6.6b | €810.5m | €249.3m | 6.7x | 26.7x | 8.2x |
| Tue, 22 Aug 2023 | €7.0b | €880.0m | €389.1m | 14.3x | 17.9x | 7.9x |
| Thu, 20 Jul 2023 | €7.2b | €847.6m | €502.3m | 19.8x | 14.3x | 8.5x |
| Sat, 17 Jun 2023 | €7.5b | €847.8m | €502.5m | 20.7x | 14.9x | 8.8x |
| Mon, 15 May 2023 | €7.7b | €858.3m | €505.9m | 21.2x | 15.2x | 8.9x |
| Wed, 12 Apr 2023 | €7.7b | €862.8m | €515.6m | 18.6x | 14.9x | 8.9x |
| Fri, 10 Mar 2023 | €7.4b | €946.4m | €690.8m | 13x | 10.7x | 7.8x |
| Sun, 05 Feb 2023 | €8.1b | €964.1m | €1.5b | 5.7x | 5.5x | 8.4x |
| Tue, 03 Jan 2023 | €7.3b | €964.1m | €1.5b | 5.7x | 5x | 7.6x |
| Thu, 01 Dec 2022 | €7.0b | €964.1m | €1.5b | 5.4x | 4.8x | 7.3x |
| Sat, 29 Oct 2022 | €6.8b | €964.1m | €1.5b | 5.4x | 4.7x | 7.1x |
| Mon, 26 Sep 2022 | €7.0b | €964.0m | €1.5b | 5.2x | 4.8x | 7.3x |
| Wed, 24 Aug 2022 | €9.4b | €1.1b | €1.5b | 6.3x | 6.1x | 8.4x |
| Fri, 22 Jul 2022 | €9.2b | €1.1b | €1.3b | 6.1x | 7x | 8.3x |
| Sun, 19 Jun 2022 | €9.3b | €1.1b | €1.3b | 6.7x | 7x | 8.4x |
| Tue, 17 May 2022 | €9.8b | €1.1b | €1.3b | 7.2x | 7.5x | 8.9x |
| Thu, 14 Apr 2022 | €12.0b | €1.3b | €1.3b | 8.4x | 9.5x | 9.5x |
| Sat, 12 Mar 2022 | €11.1b | €1.2b | €1.2b | 10.6x | 8.9x | 9x |
| Mon, 07 Feb 2022 | €11.2b | €947.6m | €778.6m | 13.4x | 14.4x | 11.8x |
| Wed, 05 Jan 2022 | €12.1b | €946.2m | €778.5m | 14.3x | 15.6x | 12.8x |
| Fri, 03 Dec 2021 | €11.6b | €947.6m | €778.4m | 15.6x | 14.9x | 12.3x |
| Sun, 31 Oct 2021 | €11.0b | €947.1m | €783.2m | 13.6x | 14.1x | 11.6x |
| Tue, 28 Sep 2021 | €10.0b | €947.1m | €783.2m | 12.8x | 12.7x | 10.5x |
| Thu, 26 Aug 2021 | €10.0b | €949.7m | €784.1m | 12.1x | 12.7x | 10.5x |
| Fri, 02 Jul 2021 | €8.7b | €949.7m | €784.1m | 11.8x | 11.1x | 9.2x |
| Mon, 05 Apr 2021 | €7.8b | €921.0m | €767.3m | 12.9x | 10.2x | 8.5x |
| Thu, 07 Jan 2021 | €7.3b | €892.7m | €749.2m | 14.7x | 9.7x | 8.1x |
| Wed, 30 Sep 2020 | €7.1b | €940.3m | €738.4m | 11.4x | 9.6x | 7.6x |
Price to Earnings Ratio
9.6x
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 Services | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BANI Banimmo | €3.66 | 1.1% +€450.0k | -8.5% | PS6.5x |