Direcional Engenharia (BVMF:DIRR3) Has A Pretty Healthy Balance Sheet
Nov 24
Brazilian (BOVESPA) Homebuilding Industry Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies13
- 7D3.2%
- 3M-5.5%
- 1Y40.6%
- YTD48.3%
Over the last 7 days, the Homebuilding industry has dropped 4.5%, driven by MRV Engenharia e Participações declining 10%. In contrast, Gafisa has gained 9.0%. Over the past 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the Brazilian Homebuilding Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | R$33.4b | R$29.0b | R$1.5b | 9.4x | 22.2x | 1.1x |
| Sat, 28 Oct 2023 | R$29.1b | R$28.7b | R$1.6b | 9.3x | 18.3x | 1x |
| Mon, 25 Sep 2023 | R$32.3b | R$28.7b | R$1.6b | 9.8x | 20.4x | 1.1x |
| Wed, 23 Aug 2023 | R$37.3b | R$28.7b | R$1.6b | 11x | 23.5x | 1.3x |
| Fri, 21 Jul 2023 | R$33.7b | R$27.6b | R$1.2b | 12.5x | 28.8x | 1.2x |
| Sun, 18 Jun 2023 | R$30.0b | R$27.6b | R$1.2b | 12x | 25.6x | 1.1x |
| Tue, 16 May 2023 | R$24.8b | R$27.2b | R$1.1b | 10.5x | 21.7x | 0.9x |
| Thu, 13 Apr 2023 | R$23.1b | R$26.6b | R$1.2b | 9.9x | 19.7x | 0.9x |
| Sat, 11 Mar 2023 | R$22.2b | R$26.1b | R$1.2b | 9.9x | 18.8x | 0.8x |
| Mon, 06 Feb 2023 | R$21.6b | R$26.2b | R$1.7b | 8.6x | 12.8x | 0.8x |
| Wed, 04 Jan 2023 | R$20.4b | R$26.2b | R$1.7b | 8x | 12x | 0.8x |
| Fri, 02 Dec 2022 | R$21.5b | R$26.2b | R$1.7b | 9.3x | 12.7x | 0.8x |
| Sun, 30 Oct 2022 | R$26.4b | R$25.4b | R$2.1b | 10.7x | 12.7x | 1x |
| Tue, 27 Sep 2022 | R$26.4b | R$25.4b | R$2.1b | 10.5x | 12.7x | 1x |
| Thu, 25 Aug 2022 | R$23.5b | R$25.4b | R$2.0b | 9.2x | 11.5x | 0.9x |
| Sat, 23 Jul 2022 | R$20.0b | R$25.1b | R$2.5b | 6.5x | 7.9x | 0.8x |
| Mon, 20 Jun 2022 | R$18.7b | R$25.1b | R$2.5b | 6x | 7.4x | 0.7x |
| Wed, 18 May 2022 | R$21.9b | R$25.1b | R$2.7b | 6.5x | 8x | 0.9x |
| Fri, 15 Apr 2022 | R$23.3b | R$24.8b | R$2.8b | 7x | 8.3x | 0.9x |
| Sun, 13 Mar 2022 | R$22.8b | R$24.7b | R$2.6b | 7.2x | 8.9x | 0.9x |
| Tue, 08 Feb 2022 | R$27.2b | R$24.8b | R$2.9b | 8.5x | 9.3x | 1.1x |
| Thu, 06 Jan 2022 | R$24.9b | R$24.8b | R$2.9b | 7.2x | 8.6x | 1x |
| Sat, 04 Dec 2021 | R$26.1b | R$24.7b | R$2.9b | 8.2x | 9x | 1.1x |
| Mon, 01 Nov 2021 | R$24.6b | R$24.3b | R$4.0b | 7.5x | 6.1x | 1x |
| Wed, 29 Sep 2021 | R$31.7b | R$24.3b | R$4.0b | 8.4x | 7.9x | 1.3x |
| Fri, 27 Aug 2021 | R$34.2b | R$24.3b | R$4.0b | 9.6x | 8.6x | 1.4x |
| Sat, 03 Jul 2021 | R$39.6b | R$24.3b | R$4.0b | 11.5x | 9.9x | 1.6x |
| Tue, 06 Apr 2021 | R$40.8b | R$22.7b | R$3.6b | 12.8x | 11.4x | 1.8x |
| Fri, 08 Jan 2021 | R$47.5b | R$21.3b | R$3.2b | 15.7x | 15x | 2.2x |
Price to Earnings Ratio
14.5x
Current Industry PE
- Investors are optimistic on the Brazilian Homebuilding industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.2x which is higher than its 3-year average PE of 13.4x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Homebuilding industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 Comparison
How does Brazilian Homebuilding compare with similar industries?
| BR Market | 0.37% | |
| Consumer Discretionary | 1.44% | |
| Consumer Durables | 2.64% | |
| Homebuilding | 3.20% | |
| Housewares and Specialties | 9.17% | |
| Home Furnishings | 0.17% | |
| Consumer Electronics | 0% | |
| Household Appliances | -0.24% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CYRE3 Cyrela Brazil Realty Empreendimentos e Participações | R$20.87 | 3.5% +R$262.4m | 45.3% | PE8.7x | |
| CURY3 Cury Construtora e Incorporadora | R$16.80 | 4.9% +R$226.1m | 52.6% | PE11.9x | |
| EZTC3 EZTEC Empreendimentos e Participações | R$18.44 | 5.5% +R$209.4m | 22.5% | PE21.4x | |
| DIRR3 Direcional Engenharia | R$19.65 | 5.3% +R$171.0m | 32.8% | PE10.3x | |
| EVEN3 Even Construtora e Incorporadora | R$6.97 | 4.0% +R$55.8m | 31.5% | PE9x |