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Brazilian (BOVESPA) Real Estate Industry Analysis

UpdatedMar 29, 2024
DataAggregated Company Financials
Companies16
  • 7D0.2%
  • 3M-4.9%
  • 1Y25.7%
  • YTD-2.1%

Over the last 7 days, the Real Estate industry has remained flat, although notably JHSF Participações gained 16%. The past year has been better, since the industry has gained 26% in that time. In the next few years, earnings are forecast to decline by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Mar 2024R$51.1bR$15.3bR$6.5b8.6x7.9x3.3x
Sun, 25 Feb 2024R$46.2bR$13.3bR$5.7b10.2x8.1x3.5x
Tue, 23 Jan 2024R$54.2bR$14.7bR$6.1b11.4x8.9x3.7x
Thu, 21 Dec 2023R$56.9bR$27.9bR$6.1b11.5x9.3x2x
Sat, 18 Nov 2023R$54.1bR$28.4bR$6.2b10.6x8.7x1.9x
Mon, 16 Oct 2023R$51.6bR$14.6bR$6.2b8.8x8.3x3.5x
Wed, 13 Sep 2023R$52.8bR$14.6bR$6.2b10.7x8.5x3.6x
Fri, 11 Aug 2023R$56.8bR$14.1bR$6.1b12.5x9.3x4x
Sun, 09 Jul 2023R$57.7bR$13.8bR$4.3b11.4x13.5x4.2x
Tue, 06 Jun 2023R$52.7bR$13.7bR$4.3b10.5x12.3x3.8x
Thu, 04 May 2023R$48.5bR$13.1bR$1.3b9.9x36x3.7x
Sat, 01 Apr 2023R$48.6bR$12.1bR$1.2b8.7x40.5x4x
Mon, 27 Feb 2023R$43.8bR$14.7bR$3.0b7.5x14.7x3x
Wed, 25 Jan 2023R$44.0bR$14.7bR$3.0b7.8x14.6x3x
Fri, 23 Dec 2022R$42.2bR$14.7bR$3.0b7.1x14x2.9x
Sun, 20 Nov 2022R$44.1bR$14.6bR$2.9b6.7x15.2x3x
Tue, 18 Oct 2022R$50.9bR$14.1bR$2.8b7.8x18.2x3.6x
Thu, 15 Sep 2022R$50.5bR$14.1bR$2.8b8x18x3.6x
Sat, 13 Aug 2022R$51.1bR$14.1bR$4.4b8.7x11.7x3.6x
Mon, 11 Jul 2022R$46.7bR$13.9bR$4.5b6.6x10.4x3.4x
Wed, 08 Jun 2022R$48.9bR$13.9bR$4.5b6.8x10.8x3.5x
Fri, 06 May 2022R$49.6bR$13.5bR$4.6b9.9x10.8x3.7x
Sun, 03 Apr 2022R$54.0bR$13.2bR$4.3b9.4x12.4x4.1x
Tue, 01 Mar 2022R$55.1bR$13.8bR$4.4b14x12.6x4x
Thu, 27 Jan 2022R$54.6bR$11.7bR$3.1b16x17.3x4.7x
Sat, 25 Dec 2021R$50.9bR$11.7bR$3.1b14.8x16.2x4.4x
Mon, 22 Nov 2021R$54.6bR$11.7bR$3.2b15x17.3x4.7x
Wed, 20 Oct 2021R$57.7bR$11.1bR$3.7b14.2x15.8x5.2x
Fri, 17 Sep 2021R$56.7bR$11.1bR$3.7b16.6x15.5x5.1x
Sun, 15 Aug 2021R$62.5bR$11.2bR$3.7b15.6x17x5.6x
Thu, 10 Jun 2021R$68.7bR$10.0bR$2.3b24.3x29.5x6.9x
Price to Earnings Ratio

27.4x


Total Market Cap: R$63.7bTotal Earnings: R$2.3bTotal Revenue: R$10.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Real Estate Industry Price to Earnings3Y Average 15.9x202220232024
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 7.9x which is lower than its 3-year average PE of 15.9x.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 15% 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 industry?

BR Market0.68%
Real Estate-0.024%
Real Estate0.24%
Real Estate Development1.95%
Real Estate Operating Companies0.09%
Diversified Real Estate0%
Real Estate Services-3.10%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio.
    • 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 Operating Companies industry, which is trading below its 3-year average of 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 47% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
JHSF3 JHSF ParticipaçõesR$4.8815.6%
+R$447.4m
31.9%PE7.3x
SCAR3 São Carlos Empreendimentos e ParticipaçõesR$27.464.0%
+R$60.5m
84.7%PE5.1x
LAVV3 Lavvi Empreendimentos ImobiliáriosR$9.512.7%
+R$48.9m
86.5%PE8x
IGTI3 IguatemiR$3.320.9%
+R$36.8m
36.6%PE13.4x
MDNE3 Moura Dubeux EngenhariaR$12.742.6%
+R$26.8m
154.8%PE6.8x
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ALOS3

R$23.92

Allos

7D

-0.7%

1Y

35.9%

MELK3

R$4.73

Melnick Desenvolvimento Imobiliário

7D

-2.3%

1Y

57.7%

HBRE3

R$6.35

HBR Realty Empreendimentos Imobiliários

7D

-7.6%

1Y

64.1%

LAND3

R$14.94

Terra Santa Propriedades Agrícolas

7D

-7.3%

1Y

-43.4%

SCAR3

R$27.46

São Carlos Empreendimentos e Participações

7D

4.0%

1Y

84.7%

SYNE3

R$8.78

Syn Prop & Tech

7D

1.6%

1Y

175.2%

GSHP3

R$11.00

General Shopping e Outlets do Brasil

7D

-4.3%

1Y

-29.1%

IGTI3

R$3.32

Iguatemi

7D

0.9%

1Y

36.6%

BRPR3

R$131.17

BR Properties

7D

-37.6%

1Y

-97.9%