Multiplan Empreendimentos Imobiliários (BVMF:MULT3) Has A Pretty Healthy Balance Sheet
Aug 15
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Brazilian (BOVESPA) Real Estate Sector Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies69
- 7D-0.1%
- 3M2.4%
- 1Y-2.1%
- YTD-6.4%
The Real Estate industry has been flat over the last week, but São Carlos Empreendimentos e Participações has lost 6.8%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 14% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 07 Sep 2024 | R$79.5b | R$17.5b | R$5.2b | 9.7x | 15.2x | 4.5x |
| Mon, 05 Aug 2024 | R$79.6b | R$16.5b | R$5.1b | 9.4x | 15.8x | 4.8x |
| Wed, 03 Jul 2024 | R$75.8b | R$16.5b | R$5.0b | 9.8x | 15.2x | 4.6x |
| Fri, 31 May 2024 | R$77.7b | R$16.8b | R$5.3b | 9.7x | 14.6x | 4.6x |
| Sun, 28 Apr 2024 | R$79.1b | R$17.5b | R$8.0b | 9.5x | 9.9x | 4.5x |
| Tue, 26 Mar 2024 | R$80.1b | R$16.4b | R$7.4b | 9.3x | 10.9x | 4.9x |
| Thu, 22 Feb 2024 | R$75.8b | R$14.5b | R$6.7b | 10.2x | 11.3x | 5.2x |
| Sat, 20 Jan 2024 | R$84.1b | R$15.8b | R$7.0b | 10.2x | 12x | 5.3x |
| Mon, 18 Dec 2023 | R$84.9b | R$29.0b | R$7.0b | 10.2x | 12.1x | 2.9x |
| Wed, 15 Nov 2023 | R$80.9b | R$29.1b | R$7.2b | 9.7x | 11.3x | 2.8x |
| Fri, 13 Oct 2023 | R$80.2b | R$15.7b | R$7.2b | 9.2x | 11.2x | 5.1x |
| Sun, 10 Sep 2023 | R$79.5b | R$15.6b | R$7.1b | 10.6x | 11.2x | 5.1x |
| Tue, 08 Aug 2023 | R$85.0b | R$14.7b | R$6.7b | 11.9x | 12.6x | 5.8x |
| Thu, 06 Jul 2023 | R$84.9b | R$14.5b | R$5.0b | 11.2x | 17x | 5.8x |
| Sat, 03 Jun 2023 | R$78.5b | R$15.0b | R$5.4b | 10.8x | 14.5x | 5.2x |
| Mon, 01 May 2023 | R$73.7b | R$14.5b | R$2.2b | 12.5x | 32.8x | 5.1x |
| Wed, 29 Mar 2023 | R$72.1b | R$14.7b | R$2.3b | 10.4x | 31.3x | 4.9x |
| Fri, 24 Feb 2023 | R$176.5b | R$16.4b | R$4.0b | 11x | 43.6x | 10.7x |
| Sun, 22 Jan 2023 | R$68.7b | R$16.4b | R$4.1b | 11.2x | 16.8x | 4.2x |
| Tue, 20 Dec 2022 | R$64.5b | R$15.0b | R$3.3b | 8.2x | 19.6x | 4.3x |
| Thu, 17 Nov 2022 | R$71.5b | R$15.0b | R$3.2b | 8.9x | 22.4x | 4.8x |
| Sat, 15 Oct 2022 | R$75.2b | R$14.5b | R$3.1b | 7.9x | 24.4x | 5.2x |
| Mon, 12 Sep 2022 | R$74.6b | R$14.5b | R$3.1b | 8x | 24.2x | 5.2x |
| Wed, 10 Aug 2022 | R$71.9b | R$14.4b | R$4.5b | 8.3x | 15.8x | 5x |
| Fri, 08 Jul 2022 | R$68.6b | R$14.2b | R$4.8b | 8.4x | 14.3x | 4.8x |
| Sun, 05 Jun 2022 | R$71.0b | R$14.8b | R$5.4b | 8.1x | 13.2x | 4.8x |
| Tue, 03 May 2022 | R$156.3b | R$14.5b | R$5.5b | 8.5x | 28.5x | 10.8x |
| Thu, 31 Mar 2022 | R$154.2b | R$14.2b | R$5.0b | 8.5x | 30.8x | 10.8x |
| Sat, 26 Feb 2022 | R$154.3b | R$12.7b | R$3.7b | 10.7x | 42.1x | 12.2x |
| Mon, 24 Jan 2022 | R$155.5b | R$12.5b | R$3.7b | 11.4x | 42.1x | 12.5x |
| Wed, 22 Dec 2021 | R$150.0b | R$12.3b | R$3.9b | 12.4x | 38.9x | 12.2x |
| Fri, 19 Nov 2021 | R$74.6b | R$12.4b | R$4.2b | 11.4x | 17.9x | 6x |
| Sun, 17 Oct 2021 | R$80.0b | R$12.0b | R$4.7b | 12.5x | 17x | 6.7x |
| Tue, 14 Sep 2021 | R$78.6b | R$13.0b | R$6.0b | 9.7x | 13x | 6x |
Price to Earnings Ratio
13x
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 15.2x which is lower than its 3-year average PE of 19.3x.
- The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 4.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 Trends
Which industries have driven the changes within the Brazilian Real Estate sector?
| BR Market | -0.69% | |
| Real Estate | -0.13% | |
| Real Estate | 0.30% | |
| Health Care REITs | 0.0035% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Specialized REITs | -0.30% | |
| Retail REITs | -0.32% | |
| Industrial REITs | -0.33% | |
| REITS | -0.87% | |
| Office REITs | -1.43% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 25.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| MULT3 Multiplan Empreendimentos Imobiliários | R$25.95 | 1.2% +R$179.1m | 4.0% | PE13.4x | |
| ALOS3 Allos | R$23.06 | 1.1% +R$133.4m | 2.0% | PE18.2x | |
| JHSF3 JHSF Participações | R$4.49 | 2.7% +R$81.1m | -6.7% | PE18.3x | |
| MDNE3 Moura Dubeux Engenharia | R$15.08 | 5.8% +R$70.0m | 40.1% | PE6.5x | |
| LAVV3 Lavvi Empreendimentos Imobiliários | R$8.51 | 2.5% +R$41.0m | 0.9% | PE6.1x |
