Brazilian (BOVESPA) Real Estate Sector Analysis
UpdatedDec 06, 2023
DataAggregated Company Financials
Companies69
- 7D1.7%
- 3M0.9%
- 1Y11.4%
- YTD14.0%
Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains from Multiplan Empreendimentos Imobiliários of 3.7%. In the same time, Fundo De Investimento Imobiliário SC 401 was down 51%. This means that the industry has gained 9.1% over the past year. In the next few years earnings are forecast to be pretty stable.
Sector Valuation and Performance
Has the Brazilian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 Dec 2023 | R$82.9b | R$29.4b | R$7.0b | 9.7x | 11.8x | 2.8x |
| Fri, 03 Nov 2023 | R$78.6b | R$28.9b | R$7.2b | 9.5x | 11x | 2.7x |
| Sun, 01 Oct 2023 | R$79.4b | R$15.7b | R$7.1b | 9.6x | 11.1x | 5x |
| Tue, 29 Aug 2023 | R$81.6b | R$15.5b | R$7.0b | 10.3x | 11.7x | 5.3x |
| Thu, 27 Jul 2023 | R$84.1b | R$14.6b | R$5.0b | 11.6x | 16.8x | 5.8x |
| Sat, 24 Jun 2023 | R$82.0b | R$15.1b | R$5.4b | 10.9x | 15.2x | 5.4x |
| Mon, 22 May 2023 | R$77.6b | R$14.1b | R$5.1b | 10.2x | 15.2x | 5.5x |
| Wed, 19 Apr 2023 | R$73.1b | R$14.5b | R$2.3b | 12.1x | 31.5x | 5.1x |
| Fri, 17 Mar 2023 | R$74.2b | R$14.8b | R$2.7b | 10x | 27x | 5x |
| Sun, 12 Feb 2023 | R$68.4b | R$16.3b | R$4.0b | 10.9x | 17x | 4.2x |
| Tue, 10 Jan 2023 | R$67.9b | R$16.4b | R$4.1b | 11.3x | 16.6x | 4.1x |
| Thu, 08 Dec 2022 | R$68.2b | R$15.0b | R$3.3b | 9x | 20.7x | 4.6x |
| Sat, 05 Nov 2022 | R$79.8b | R$14.5b | R$3.1b | 8x | 25.8x | 5.5x |
| Mon, 03 Oct 2022 | R$75.8b | R$14.5b | R$3.1b | 8.2x | 24.7x | 5.2x |
| Wed, 31 Aug 2022 | R$73.0b | R$14.3b | R$3.0b | 9.5x | 24x | 5.1x |
| Fri, 29 Jul 2022 | R$68.9b | R$14.2b | R$4.8b | 8.3x | 14.4x | 4.9x |
| Sun, 26 Jun 2022 | R$65.7b | R$14.9b | R$5.4b | 7.8x | 12.2x | 4.4x |
| Tue, 24 May 2022 | R$71.4b | R$14.8b | R$5.4b | 8.2x | 13.3x | 4.8x |
| Thu, 21 Apr 2022 | R$154.3b | R$14.3b | R$5.3b | 8.6x | 28.9x | 10.8x |
| Sat, 19 Mar 2022 | R$154.9b | R$14.8b | R$5.2b | 8.5x | 29.9x | 10.5x |
| Mon, 14 Feb 2022 | R$153.7b | R$12.7b | R$3.9b | 10.8x | 39.5x | 12.1x |
| Wed, 12 Jan 2022 | R$145.7b | R$12.2b | R$3.5b | 11.3x | 41.6x | 12x |
| Fri, 10 Dec 2021 | R$76.3b | R$12.5b | R$4.2b | 12.2x | 18.2x | 6.1x |
| Sun, 07 Nov 2021 | R$76.1b | R$12.1b | R$4.2b | 11.6x | 18x | 6.3x |
| Tue, 05 Oct 2021 | R$77.2b | R$12.0b | R$4.7b | 12.2x | 16.4x | 6.4x |
| Thu, 02 Sep 2021 | R$58.9b | R$11.4b | R$3.9b | 12.8x | 15.1x | 5.2x |
| Sat, 31 Jul 2021 | R$67.3b | R$11.4b | R$3.9b | 14.5x | 17.3x | 5.9x |
| Tue, 04 May 2021 | R$64.9b | R$10.2b | R$2.6b | 21.6x | 25.4x | 6.4x |
| Fri, 05 Feb 2021 | R$65.2b | R$9.8b | R$2.6b | 24.2x | 25.5x | 6.6x |
Price to Earnings Ratio
26.7x
Current Industry PE
- Investors are pessimistic on the Brazilian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.8x which is lower than its 3-year average PE of 21.9x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 43% 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?
| BR Market | 0.87% | |
| Real Estate | 1.69% | |
| Real Estate | 2.61% | |
| Health Care REITs | 1.38% | |
| Office REITs | 1.19% | |
| Industrial REITs | 0.44% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.19% | |
| Specialized REITs | -0.73% | |
| REITS | -1.79% | |
Industry PE
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 17.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.2% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 47% per year.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| MULT3 Multiplan Empreendimentos Imobiliários | R$27.61 | 2.9% +R$454.1m | 26.2% | PE16.8x | |
| IGTI3 Iguatemi | R$2.98 | 5.3% +R$184.6m | 24.7% | PE13.2x | |
| JHSF3 JHSF Participações | R$4.65 | 6.2% +R$183.0m | -10.9% | PE8.8x | |
| ALOS3 Allos | R$25.45 | 0.8% +R$118.6m | 46.2% | PE4.6x | |
| LOGG3 LOG Commercial Properties e Participações | R$23.34 | 2.0% +R$45.9m | 34.0% | PE14.3x |