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Brazilian (BOVESPA) Real Estate Sector Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
Companies74
  • 7D2.1%
  • 3M-8.3%
  • 1Y-23.2%
  • YTD-20.2%

Over the last 7 days, the Real Estate industry has dropped 2.8%, and BR Malls Participações contributed the most with a 8.4% decline. Meanwhile, CSHG Real Estate - Fundo de Investimento Imobiliario - FII actually outperformed within the industry, gaining 13% in the last week. However, the industry is down 25% over the past year.

Sector Valuation and Performance

Has the Brazilian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sun, 05 Dec 2021R$72.8bR$12.5bR$4.2b11.2x
Tue, 02 Nov 2021R$74.4bR$12.0bR$4.7b11.5x
Thu, 30 Sep 2021R$77.8bR$12.0bR$4.7b12.2x
Sat, 28 Aug 2021R$61.6bR$11.4bR$3.9b13.6x
Sun, 04 Jul 2021R$68.9bR$11.4bR$3.9b14.5x
Wed, 07 Apr 2021R$66.3bR$10.2bR$2.6b20.5x
Sat, 09 Jan 2021R$68.7bR$9.7bR$2.6b24.7x
Fri, 02 Oct 2020R$59.3bR$9.9bR$3.0b20.4x
Mon, 06 Jul 2020R$60.8bR$8.9bR$2.2b23.5x
Thu, 09 Apr 2020R$53.4bR$9.3bR$3.2b18.7x
Wed, 01 Jan 2020R$88.9bR$10.0bR$3.0b25.8x
Sat, 05 Oct 2019R$67.9bR$9.3bR$2.4b29x
Tue, 09 Jul 2019R$60.4bR$9.4bR$2.4b24.4x
Mon, 01 Apr 2019R$53.0bR$9.1bR$1.8b20x
Thu, 03 Jan 2019R$53.6bR$8.1bR$1.7b18.2x
PE Ratio

18.2x

Total Market Cap: R$53.6bTotal Earnings: R$1.7bTotal Revenue: R$8.1b0%0%0%3 Year10 Year
20202021

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 11.4x which is lower than its 3-year average PE of 21.7x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 123% per year over the last three years, and revenues for these companies have grown 14% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Real Estate sector?

REITS2.83%
Real Estate1.74%

Industry PE: Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 25.8x. This is likely because analysts are expecting annual earnings growth of 21%, which is higher than its past year's earnings growth of 9.0% per year. Meanwhile, investors are most pessimistic about the REITS industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 7.1x.

Forecasted Growth: Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 21% over the next 5 years. This is better than it's past earnings growth rate of 9.0% per year.

Top Stock Gainers and Losers

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

Company7D1YValuation
MULT3 Multiplan Empreendimentos Imobiliários5.3%+R$622.1m-16.4%PB1.9x
SYNE3 SYN prop e tech14.7%+R$274.8m-1.7%PB1.3x
JHSF3 JHSF Participações5.5%+R$184.0m-37.6%PB0.8x
HGRE11 CSHG Real Estate - Fundo de Investimento Imobiliario - FII12.8%+R$174.2m-12.2%n/a
JSRE11 JS Real Estate multigestão - FII fund10.1%+R$143.7m-22.2%PB0.7x
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