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Jan 13
German (DAX) Real Estate Industry Analysis
UpdatedJan 31, 2023
DataAggregated Company Financials
Companies66
- 7D-2.6%
- 3M4.7%
- 1Y-38.9%
- YTD6.5%
Over the last 7 days, the Real Estate industry has dropped 2.6%, driven by Vonovia declining 3.6%. The industry has fallen 39% in the last year. Looking forward, earnings are forecast to decline by 9.0% per year.
Industry Valuation and Performance
Has the German Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Jan 2023 | €72.6b | €25.5b | €6.4b | 12.2x | 11.4x | 2.8x |
| Thu, 29 Dec 2022 | €66.3b | €25.5b | €6.4b | 13.2x | 10.4x | 2.6x |
| Sat, 26 Nov 2022 | €70.4b | €25.3b | €6.4b | 13.5x | 11x | 2.8x |
| Mon, 24 Oct 2022 | €65.3b | €24.6b | €7.2b | 11.6x | 9.1x | 2.6x |
| Wed, 21 Sep 2022 | €66.8b | €24.6b | €7.2b | 11.9x | 9.3x | 2.7x |
| Fri, 19 Aug 2022 | €79.4b | €24.1b | €7.9b | 13.5x | 10.1x | 3.3x |
| Sun, 17 Jul 2022 | €74.7b | €22.4b | €8.2b | 11.8x | 9.1x | 3.3x |
| Tue, 14 Jun 2022 | €79.7b | €22.4b | €8.2b | 13.2x | 9.8x | 3.6x |
| Thu, 12 May 2022 | €88.4b | €22.4b | €8.6b | 13.4x | 10.2x | 3.9x |
| Sat, 09 Apr 2022 | €97.7b | €17.6b | €10.4b | 14x | 9.4x | 5.6x |
| Mon, 07 Mar 2022 | €106.0b | €18.1b | €13.7b | 13.7x | 7.7x | 5.9x |
| Wed, 02 Feb 2022 | €113.5b | €18.1b | €13.7b | 14x | 8.3x | 6.3x |
| Fri, 31 Dec 2021 | €112.0b | €17.7b | €13.4b | 14.3x | 8.3x | 6.3x |
| Sun, 28 Nov 2021 | €104.9b | €17.8b | €12.9b | 14.5x | 8.1x | 5.9x |
| Tue, 26 Oct 2021 | €110.6b | €17.7b | €11.3b | 15.1x | 9.8x | 6.3x |
| Thu, 23 Sep 2021 | €111.7b | €17.6b | €11.3b | 15.2x | 9.9x | 6.3x |
| Sat, 21 Aug 2021 | €118.2b | €17.8b | €11.5b | 14.9x | 10.3x | 6.6x |
| Sat, 05 Jun 2021 | €110.2b | €17.8b | €9.7b | 13.9x | 11.4x | 6.2x |
| Tue, 09 Mar 2021 | €102.3b | €17.8b | €9.3b | 15.1x | 11x | 5.8x |
| Mon, 30 Nov 2020 | €105.1b | €17.1b | €9.4b | 12.9x | 11.2x | 6.2x |
| Thu, 03 Sep 2020 | €104.7b | €16.8b | €9.4b | 12.3x | 11.2x | 6.2x |
| Sun, 07 Jun 2020 | €95.3b | €16.1b | €9.1b | 10.7x | 10.4x | 5.9x |
| Sat, 29 Feb 2020 | €98.4b | €15.7b | €9.3b | 11.8x | 10.6x | 6.3x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are optimistic on the German Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.4x which is higher than its 3-year average PE of 10.0x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 18% 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 German Real Estate industry?
| DE Market | 0.26% | |
| Real Estate | -2.57% | |
| Real Estate | -2.58% | |
| Real Estate Development | -0.45% | |
| Real Estate Services | -2.27% | |
| Real Estate Operating Companies | -2.70% | |
| Diversified Real Estate | -3.15% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry, which is trading close to its 3-year average PE ratio of 21.8x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 29.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| INS Instone Real Estate Group | €9.30 | 2.0% +€8.0m | -41.0% | PB0.7x | |
| GTY Gateway Real Estate | €3.50 | 1.2% +€7.5m | -14.2% | PB1.7x | |
| TTO TTL Beteiligungs- und Grundbesitz-AG | €2.16 | 14.3% +€6.6m | -25.0% | PB1.1x | |
| CRZK CR Capital | €30.90 | 1.3% +€1.6m | -11.2% | PB0.4x | |
| SY5N Stern Immobilien | €13.40 | 6.3% +€1.4m | -46.4% | PB0.8x |
