Why Investors Shouldn't Be Surprised By China Vanke Co., Ltd.'s (SZSE:000002) 25% Share Price Plunge
Apr 16
Chinese (SSE) Real Estate Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies123
- 7D-2.8%
- 3M-8.7%
- 1Y-31.4%
- YTD-13.2%
Over the last 7 days, the Real Estate industry has dropped 2.8%, driven by a pullback from China Vanke of 7.5%. In contrast, Guanghui LogisticsLtd has gained 14%. However, the industry is down 31% over the past year. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Chinese Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | CN¥1.1t | CN¥2.6t | -CN¥10,119,786,925.41 | 20.8x | -112.9x | 0.4x |
| Sat, 16 Mar 2024 | CN¥1.3t | CN¥2.6t | -CN¥14,540,363,398.60 | 20.8x | -87.4x | 0.5x |
| Mon, 12 Feb 2024 | CN¥1.2t | CN¥2.7t | -CN¥13,637,912,183.74 | 17.3x | -88.9x | 0.5x |
| Wed, 10 Jan 2024 | CN¥1.3t | CN¥2.7t | -CN¥25,794,963,318.00 | 20x | -49.6x | 0.5x |
| Fri, 08 Dec 2023 | CN¥1.4t | CN¥2.7t | -CN¥27,342,104,258.00 | 20.8x | -50.5x | 0.5x |
| Sun, 05 Nov 2023 | CN¥1.4t | CN¥2.6t | -CN¥29,922,734,001.00 | 20.1x | -46.2x | 0.5x |
| Tue, 03 Oct 2023 | CN¥1.5t | CN¥2.7t | -CN¥13,395,268,209.00 | 20.6x | -113.9x | 0.6x |
| Thu, 31 Aug 2023 | CN¥1.7t | CN¥2.7t | -CN¥8,125,276,277.00 | 22.5x | -206.2x | 0.6x |
| Sat, 29 Jul 2023 | CN¥1.6t | CN¥2.6t | CN¥571.2m | 24.5x | 2878x | 0.6x |
| Mon, 26 Jun 2023 | CN¥1.5t | CN¥2.6t | -CN¥1,179,827,763.00 | 21.5x | -1248.8x | 0.6x |
| Wed, 24 May 2023 | CN¥1.5t | CN¥2.6t | CN¥464.3m | 21.2x | 3238.3x | 0.6x |
| Fri, 21 Apr 2023 | CN¥1.6t | CN¥2.6t | CN¥12.0b | 23.9x | 133.2x | 0.6x |
| Sun, 19 Mar 2023 | CN¥362.2m | CN¥236.6m | -CN¥85,785,413.00 | n/a | -4.2x | 1.5x |
| Tue, 14 Feb 2023 | CN¥1.7t | CN¥2.6t | CN¥23.7b | 23.8x | 71.7x | 0.7x |
| Thu, 12 Jan 2023 | CN¥1.7t | CN¥2.6t | CN¥24.4b | 21.8x | 69.3x | 0.7x |
| Sat, 10 Dec 2022 | CN¥1.8t | CN¥2.6t | CN¥33.1b | 24.3x | 54.1x | 0.7x |
| Mon, 07 Nov 2022 | CN¥1.5t | CN¥2.6t | CN¥33.9b | 21x | 43.3x | 0.6x |
| Wed, 05 Oct 2022 | CN¥1.6t | CN¥2.7t | CN¥64.1b | 20.2x | 25x | 0.6x |
| Fri, 02 Sep 2022 | CN¥1.7t | CN¥2.6t | CN¥7.1b | 21.1x | 234.2x | 0.6x |
| Sun, 31 Jul 2022 | CN¥1.7t | CN¥2.8t | CN¥41.0b | 20.4x | 40.6x | 0.6x |
| Tue, 28 Jun 2022 | CN¥1.7t | CN¥2.8t | CN¥40.1b | 20.2x | 41.8x | 0.6x |
| Thu, 26 May 2022 | CN¥1.7t | CN¥2.8t | CN¥40.4b | 19.2x | 41.7x | 0.6x |
| Sat, 23 Apr 2022 | CN¥1.8t | CN¥3.0t | CN¥116.4b | 15.3x | 15.5x | 0.6x |
| Mon, 21 Mar 2022 | CN¥1.7t | CN¥3.0t | CN¥143.8b | 13.9x | 12.1x | 0.6x |
| Wed, 16 Feb 2022 | CN¥1.8t | CN¥3.0t | CN¥148.7b | 13.2x | 12x | 0.6x |
| Fri, 14 Jan 2022 | CN¥1.9t | CN¥3.0t | CN¥158.4b | 13.9x | 11.7x | 0.6x |
| Sun, 12 Dec 2021 | CN¥1.8t | CN¥3.0t | CN¥158.4b | 12.2x | 11.1x | 0.6x |
| Tue, 09 Nov 2021 | CN¥1.6t | CN¥3.0t | CN¥159.8b | 11.4x | 10.1x | 0.5x |
| Thu, 07 Oct 2021 | CN¥1.8t | CN¥3.0t | CN¥181.8b | 12.3x | 9.8x | 0.6x |
| Sat, 04 Sep 2021 | CN¥1.8t | CN¥3.0t | CN¥181.9b | 12.7x | 9.7x | 0.6x |
| Mon, 02 Aug 2021 | CN¥1.6t | CN¥3.0t | CN¥181.9b | 12.4x | 9x | 0.5x |
| Thu, 06 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 2.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Chinese Real Estate industry?
| CN Market | -0.20% | |
| Real Estate | -2.73% | |
| Real Estate | -2.78% | |
| Diversified Real Estate | -1.45% | |
| Real Estate Development | -3.01% | |
| Real Estate Operating Companies | -3.53% | |
| Real Estate Services | -13.03% | |
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 48.0x.
- Analysts are expecting annual earnings growth of 7.3%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 80% over the next 5 years.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| 600603 Guanghui LogisticsLtd | CN¥8.16 | 14.3% +CN¥1.7b | 4.1% | PE16.3x | |
| 600177 Youngor Fashion | CN¥7.60 | 4.8% +CN¥1.6b | 14.6% | PE9.9x | |
| 600848 Shanghai Lingang HoldingsLtd | CN¥9.92 | 3.0% +CN¥731.5m | -21.1% | PE23.6x | |
| 600246 Vantone Neo Development Group | CN¥8.22 | 5.1% +CN¥721.8m | 46.0% | PS30.4x | |
| 537 China Green Electricity Investment of Tianjin | CN¥9.92 | 2.3% +CN¥409.8m | -14.5% | PE22.6x |
