Is Nexpe Participações (BVMF:NEXP3) Using Too Much Debt?
Jan 30
Brazilian (BOVESPA) Real Estate Industry Analysis
UpdatedJan 30, 2023
DataAggregated Company Financials
Companies19
- 7D-0.6%
- 3M-27.4%
- 1Y-60.1%
- YTD-2.7%
The Real Estate industry is up 4.4% in the last week, with Multiplan Empreendimentos Imobiliários up 3.9%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Brazilian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Jan 2023 | R$69.8b | R$14.7b | R$3.0b | 7.9x | 23.2x | 4.8x |
| Wed, 28 Dec 2022 | R$42.1b | R$14.7b | R$3.0b | 7.3x | 14x | 2.9x |
| Fri, 25 Nov 2022 | R$45.0b | R$14.7b | R$3.0b | 8.1x | 14.9x | 3.1x |
| Sun, 23 Oct 2022 | R$52.3b | R$14.1b | R$2.8b | 7.6x | 18.7x | 3.7x |
| Tue, 20 Sep 2022 | R$50.7b | R$14.1b | R$2.8b | 7.8x | 18.1x | 3.6x |
| Thu, 18 Aug 2022 | R$51.4b | R$14.0b | R$2.8b | 8.6x | 18.6x | 3.7x |
| Sat, 16 Jul 2022 | R$45.8b | R$13.9b | R$4.5b | 6.6x | 10.1x | 3.3x |
| Mon, 13 Jun 2022 | R$47.2b | R$13.9b | R$4.5b | 6.7x | 10.5x | 3.4x |
| Wed, 11 May 2022 | R$49.2b | R$13.5b | R$4.6b | 9.1x | 10.7x | 3.6x |
| Fri, 08 Apr 2022 | R$52.5b | R$12.3b | R$4.5b | 9.4x | 11.7x | 4.3x |
| Sun, 06 Mar 2022 | R$53.2b | R$13.8b | R$4.4b | 12.7x | 12.1x | 3.9x |
| Tue, 01 Feb 2022 | R$55.9b | R$11.7b | R$3.1b | 16.4x | 17.7x | 4.8x |
| Thu, 30 Dec 2021 | R$51.6b | R$11.7b | R$3.1b | 14.6x | 16.4x | 4.4x |
| Sat, 27 Nov 2021 | R$52.0b | R$11.7b | R$3.1b | 14.6x | 16.5x | 4.5x |
| Mon, 25 Oct 2021 | R$50.1b | R$11.1b | R$3.7b | 12.8x | 13.7x | 4.5x |
| Wed, 22 Sep 2021 | R$57.4b | R$11.1b | R$3.7b | 17x | 15.7x | 5.2x |
| Fri, 20 Aug 2021 | R$60.5b | R$11.2b | R$3.7b | 15x | 16.5x | 5.4x |
| Fri, 04 Jun 2021 | R$68.7b | R$10.0b | R$2.3b | 24.3x | 29.5x | 6.9x |
| Mon, 08 Mar 2021 | R$56.0b | R$9.6b | R$2.3b | 24.2x | 24.1x | 5.9x |
| Thu, 10 Dec 2020 | R$63.7b | R$9.7b | R$2.7b | 25.7x | 23.6x | 6.6x |
| Wed, 02 Sep 2020 | R$56.9b | R$8.7b | R$2.0b | 31.4x | 28.9x | 6.6x |
| Sat, 06 Jun 2020 | R$52.6b | R$9.1b | R$3.0b | 21.5x | 17.8x | 5.8x |
| Tue, 10 Mar 2020 | R$80.9b | R$8.7b | R$2.8b | 30.2x | 28.5x | 9.3x |
Price to Earnings Ratio
31.7x
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 15.3x which is lower than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 2.4% per year over the last three years.
- Revenues for these companies have grown 20% 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 Market | 0.53% | |
| Real Estate | -0.50% | |
| Real Estate | -0.59% | |
| Real Estate Operating Companies | 3.22% | |
| Real Estate Development | 0.81% | |
| Diversified Real Estate | 0% | |
| Real Estate Services | -6.25% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 18.3x.
- Analysts are expecting annual earnings growth of 23.1%, which is lower than the prior year's growth of 75.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 3.2% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| NEXP3 Nexpe Participações | R$12.65 | -12.8% R$25.4b | -81.9% | PB1253.5x | |
| MULT3 Multiplan Empreendimentos Imobiliários | R$23.10 | 3.8% +R$497.9m | 7.4% | PB2.1x | |
| JHSF3 JHSF Participações | R$5.01 | 4.6% +R$146.1m | -22.1% | PB0.7x | |
| LAND3 Terra Santa Propriedades Agrícolas | R$30.80 | 3.9% +R$110.7m | 56.4% | n/a | |
| ALSO3 Aliansce Sonae Shopping Centers | R$17.77 | 2.1% +R$98.3m | -21.6% | PB0.7x |
