Why Investors Shouldn't Be Surprised By Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd.'s (SHSE:600663) P/E
Apr 26
Chinese (SSE) Real Estate Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies130
- 7D-2.0%
- 3M-17.4%
- 1Y-30.1%
- YTD-15.3%
Over the last 7 days, the Real Estate industry has dropped 2.0%, driven by Guanghui LogisticsLtd declining 14%. On the other hand Poly Developments and Holdings Group is actually up 6.7%. The industry has fallen 30% in the last year. Earnings are forecast to grow by 23% annually.
Sector Valuation and Performance
Has the Chinese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | CN¥1.1t | CN¥2.6t | -CN¥10,759,025,260.76 | 21.3x | -105.4x | 0.4x |
| Sun, 24 Mar 2024 | CN¥1.3t | CN¥2.7t | -CN¥11,631,988,354.24 | 21.5x | -109.8x | 0.5x |
| Tue, 20 Feb 2024 | CN¥1.2t | CN¥2.7t | -CN¥13,493,459,052.32 | 18.8x | -91.8x | 0.5x |
| Thu, 18 Jan 2024 | CN¥1.3t | CN¥2.7t | -CN¥25,609,673,436.00 | 20.6x | -49.4x | 0.5x |
| Sat, 16 Dec 2023 | CN¥1.4t | CN¥2.7t | -CN¥27,299,134,458.00 | 21.5x | -51.6x | 0.5x |
| Mon, 13 Nov 2023 | CN¥1.5t | CN¥2.7t | -CN¥27,254,711,151.00 | 20.4x | -53.3x | 0.5x |
| Wed, 11 Oct 2023 | CN¥1.5t | CN¥2.7t | -CN¥15,101,067,561.00 | 20.6x | -98x | 0.5x |
| Fri, 08 Sep 2023 | CN¥1.6t | CN¥2.7t | -CN¥12,854,750,636.00 | 21.4x | -127.6x | 0.6x |
| Sun, 06 Aug 2023 | CN¥1.8t | CN¥2.7t | -CN¥11,955,298,712.00 | 25.3x | -147.6x | 0.6x |
| Tue, 04 Jul 2023 | CN¥1.5t | CN¥2.6t | -CN¥1,171,548,420.00 | 22.5x | -1311.4x | 0.6x |
| Thu, 01 Jun 2023 | CN¥1.5t | CN¥2.6t | -CN¥5,754,658,922.00 | 21.2x | -264.5x | 0.6x |
| Sat, 29 Apr 2023 | CN¥1.6t | CN¥2.6t | CN¥10.9b | 24.1x | 145.3x | 0.6x |
| Mon, 27 Mar 2023 | CN¥1.6t | CN¥2.6t | CN¥19.3b | 26.3x | 84.6x | 0.6x |
| Wed, 22 Feb 2023 | CN¥1.7t | CN¥2.6t | CN¥23.7b | 24.3x | 73.3x | 0.7x |
| Fri, 20 Jan 2023 | CN¥1.7t | CN¥2.6t | CN¥24.4b | 22.2x | 70.9x | 0.7x |
| Sun, 18 Dec 2022 | CN¥1.8t | CN¥2.6t | CN¥33.0b | 24.2x | 54.6x | 0.7x |
| Tue, 15 Nov 2022 | CN¥1.7t | CN¥2.6t | CN¥33.1b | 23.5x | 50.9x | 0.6x |
| Thu, 13 Oct 2022 | CN¥1.7t | CN¥2.7t | CN¥64.1b | 20x | 25.9x | 0.6x |
| Sat, 10 Sep 2022 | CN¥1.8t | CN¥2.6t | CN¥54.6b | 24.7x | 33.1x | 0.7x |
| Mon, 08 Aug 2022 | CN¥1.6t | CN¥2.8t | CN¥37.7b | 20.1x | 43.7x | 0.6x |
| Wed, 06 Jul 2022 | CN¥1.8t | CN¥2.8t | CN¥40.1b | 19.9x | 43.8x | 0.6x |
| Fri, 03 Jun 2022 | CN¥1.7t | CN¥3.0t | CN¥52.9b | 21.8x | 32.6x | 0.6x |
| Sun, 01 May 2022 | CN¥1.9t | CN¥3.1t | CN¥116.0b | 17.9x | 16x | 0.6x |
| Tue, 29 Mar 2022 | CN¥1.9t | CN¥3.1t | CN¥155.2b | 16.1x | 12.3x | 0.6x |
| Thu, 24 Feb 2022 | CN¥1.9t | CN¥3.1t | CN¥162.0b | 13.7x | 11.5x | 0.6x |
| Sat, 22 Jan 2022 | CN¥1.9t | CN¥3.1t | CN¥171.0b | 13.5x | 11.1x | 0.6x |
| Mon, 20 Dec 2021 | CN¥1.8t | CN¥3.1t | CN¥171.0b | 13.3x | 10.5x | 0.6x |
| Wed, 17 Nov 2021 | CN¥1.7t | CN¥3.2t | CN¥172.4b | 12.1x | 10.1x | 0.6x |
| Fri, 15 Oct 2021 | CN¥1.8t | CN¥3.1t | CN¥194.1b | 12.5x | 9.2x | 0.6x |
| Sun, 12 Sep 2021 | CN¥1.8t | CN¥3.1t | CN¥194.4b | 13.6x | 9.4x | 0.6x |
| Tue, 10 Aug 2021 | CN¥1.7t | CN¥3.1t | CN¥194.4b | 12.6x | 8.9x | 0.6x |
| Mon, 03 May 2021 | CN¥1.9t | CN¥2.8t | CN¥197.1b | 14.9x | 9.7x | 0.7x |
Price to Earnings Ratio
9.7x
Current Industry PE
- Investors are pessimistic on the Chinese Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.5% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Chinese Real Estate sector?
| CN Market | -0.29% | |
| Real Estate | -1.98% | |
| Industrial REITs | 1.30% | |
| REITS | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Specialized REITs | -0.49% | |
| Real Estate | -2.04% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 75.6%, which is higher than its past year's earnings growth of 9.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 76% over the next 5 years.
- This is better than its past earnings growth rate of 9.3% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 600048 Poly Developments and Holdings Group | CN¥8.64 | 6.7% +CN¥5.6b | -37.9% | PE8.5x | |
| 600515 Hainan Airport Infrastructure | CN¥3.56 | 6.6% +CN¥2.5b | -24.4% | PE42.7x | |
| 601155 Seazen Holdings | CN¥9.11 | 12.7% +CN¥2.3b | -38.7% | PE27.9x | |
| 2 China Vanke | CN¥6.87 | 2.5% +CN¥2.0b | -54.6% | PE6.7x | |
| 628 ChengDu Hi-Tech Development | CN¥50.44 | 12.3% +CN¥1.9b | 240.4% | PE48.2x |
