Is It Too Late To Consider Buying VGP NV (EBR:VGP)?
Apr 12
Belgian (BEL20) Real Estate Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies16
- 7D-0.8%
- 3M-3.4%
- 1Y-32.2%
- YTD-5.7%
Last week, the Real Estate industry hasn't moved much but Texaf is up 6.3% in that time. As for the longer term, the industry has declined 32% in the last year. As for the next few years, earnings are expected to grow by 38% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | €3.6b | €483.0m | -€12,619,469.00 | 12.9x | -288.7x | 7.5x |
| Thu, 21 Mar 2024 | €3.6b | €499.8m | -€11,659,941.00 | 10.5x | -306.3x | 7.1x |
| Sat, 17 Feb 2024 | €3.8b | €462.6m | -€275,836,131.00 | 11.1x | -13.9x | 8.3x |
| Mon, 15 Jan 2024 | €3.7b | €462.5m | -€275,308,486.00 | 11.4x | -13.6x | 8.1x |
| Wed, 13 Dec 2023 | €3.3b | €462.5m | -€275,274,486.00 | 11.7x | -12.1x | 7.2x |
| Fri, 10 Nov 2023 | €6.6b | €810.6m | €249.4m | 6.7x | 26.5x | 8.1x |
| Sun, 08 Oct 2023 | €6.2b | €810.6m | €249.4m | 6.9x | 25x | 7.7x |
| Tue, 05 Sep 2023 | €7.1b | €857.4m | €262.2m | 11x | 26.9x | 8.2x |
| Thu, 03 Aug 2023 | €7.2b | €848.3m | €501.5m | 14.5x | 14.4x | 8.5x |
| Sat, 01 Jul 2023 | €7.1b | €847.8m | €502.5m | 20.4x | 14.1x | 8.4x |
| Mon, 29 May 2023 | €7.4b | €847.8m | €502.5m | 20.5x | 14.7x | 8.7x |
| Wed, 26 Apr 2023 | €7.7b | €858.1m | €505.9m | 21.9x | 15.2x | 9x |
| Fri, 24 Mar 2023 | €7.4b | €952.0m | €576.2m | 7x | 12.8x | 7.7x |
| Sun, 19 Feb 2023 | €8.0b | €964.1m | €1.5b | 5.7x | 5.5x | 8.3x |
| Tue, 17 Jan 2023 | €7.9b | €964.1m | €1.5b | 5.8x | 5.4x | 8.2x |
| Thu, 15 Dec 2022 | €7.4b | €964.1m | €1.5b | 5.6x | 5.1x | 7.7x |
| Sat, 12 Nov 2022 | €7.0b | €964.1m | €1.5b | 5.5x | 4.8x | 7.3x |
| Mon, 10 Oct 2022 | €6.3b | €964.0m | €1.5b | 5.2x | 4.3x | 6.6x |
| Wed, 07 Sep 2022 | €8.5b | €1.0b | €1.5b | 6.1x | 5.8x | 8.2x |
| Fri, 05 Aug 2022 | €9.5b | €1.1b | €1.3b | 6.3x | 7.2x | 8.7x |
| Sun, 03 Jul 2022 | €8.7b | €1.1b | €1.3b | 6.9x | 6.6x | 7.9x |
| Tue, 31 May 2022 | €9.9b | €1.1b | €1.3b | 6.9x | 7.5x | 8.9x |
| Thu, 28 Apr 2022 | €11.8b | €1.1b | €1.3b | 8.2x | 9.3x | 11.1x |
| Sat, 26 Mar 2022 | €11.5b | €1.2b | €1.3b | 8.6x | 9.2x | 9.6x |
| Mon, 21 Feb 2022 | €11.1b | €947.6m | €778.6m | 13.3x | 14.2x | 11.7x |
| Wed, 19 Jan 2022 | €11.6b | €947.6m | €778.6m | 14.1x | 14.9x | 12.3x |
| Fri, 17 Dec 2021 | €11.7b | €947.6m | €778.4m | 14.6x | 15.1x | 12.4x |
| Sun, 14 Nov 2021 | €11.4b | €947.0m | €771.7m | 14.9x | 14.8x | 12.1x |
| Tue, 12 Oct 2021 | €10.2b | €947.1m | €783.2m | 13x | 13x | 10.8x |
| Thu, 09 Sep 2021 | €10.1b | €950.8m | €783.8m | 12.3x | 12.9x | 10.6x |
| Sat, 07 Aug 2021 | €9.5b | €949.7m | €784.1m | 12.1x | 12.2x | 10.1x |
| Fri, 30 Apr 2021 | €8.0b | €921.0m | €767.3m | 14.1x | 10.4x | 8.7x |
Price to Earnings Ratio
10.4x
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 3-year average PS ratio of 8.9x is higher than the industry's current PS ratio of 7.5x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 19% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Belgian Real Estate industry?
| BE Market | -0.055% | |
| Real Estate | 0.26% | |
| Real Estate | -0.83% | |
| Diversified Real Estate | 1.15% | |
| Real Estate Operating Companies | -0.71% | |
| Real Estate Development | -2.38% | |
| Real Estate Services | -7.89% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 18.5x.
- Analysts are expecting annual earnings growth of 32.0%, which is lower than the prior year's growth of 44.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 111% over the next 5 years.
- This is better than its past earnings decline of 57% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|
| VGP VGP | €100.40 | 0.6% +€16.4m | 11.1% | PE31.4x | |
| ATEB Atenor | €6.29 | 4.0% +€10.4m | -86.3% | PS3.1x | |
| TEXF Texaf | €37.00 | 8.2% +€10.3m | 5.1% | PE11.7x | |
| BANI Banimmo | €3.56 | 6.0% +€2.2m | -8.7% | PS6.4x | |
| ACCB Accentis | €0.03 | 5.2% +€1.9m | 3.7% | PE14.8x |
