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Egyptian (CASE/EGX) Real Estate Sector Analysis
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies29
- 7D-3.5%
- 3M-5.7%
- 1Y84.9%
- YTD79.8%
Over the last 7 days, the Real Estate industry has dropped 3.5%, driven by declines in Talaat Moustafa Group Holding and Emaar Misr for Development Company (S.A.E.) of 1.7% and 5.4%, respectively. Meanwhile, Delta for Construction & Rebuilding actually outperformed within the industry, gaining 30% in the last week. In the past year, the industry has gained 85%. Earnings are forecast to grow by 32% annually.
Sector Valuation and Performance
Has the Egyptian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | ج.م238.5b | ج.م125.8b | ج.م36.8b | 13.9x | 6.5x | 1.9x |
| Fri, 22 Nov 2024 | ج.م245.1b | ج.م124.9b | ج.م37.0b | 17.2x | 6.6x | 2x |
| Sun, 20 Oct 2024 | ج.م241.4b | ج.م115.3b | ج.م33.5b | 13.8x | 7.2x | 2.1x |
| Tue, 17 Sep 2024 | ج.م238.2b | ج.م115.3b | ج.م33.5b | 12.8x | 7.1x | 2.1x |
| Thu, 15 Aug 2024 | ج.م225.1b | ج.م109.5b | ج.م31.5b | 11.9x | 7.1x | 2.1x |
| Sat, 13 Jul 2024 | ج.م232.1b | ج.م108.5b | ج.م31.8b | 11.8x | 7.3x | 2.1x |
| Mon, 10 Jun 2024 | ج.م205.4b | ج.م108.5b | ج.م30.7b | 11.6x | 6.7x | 1.9x |
| Wed, 08 May 2024 | ج.م213.9b | ج.م101.8b | ج.م23.3b | 12.7x | 9.2x | 2.1x |
| Fri, 05 Apr 2024 | ج.م217.0b | ج.م85.7b | ج.م15.5b | 21.4x | 14x | 2.5x |
| Sun, 03 Mar 2024 | ج.م239.0b | ج.م82.6b | ج.م14.4b | 23.6x | 16.6x | 2.9x |
| Tue, 30 Jan 2024 | ج.م142.8b | ج.م76.3b | ج.م13.0b | 22x | 11x | 1.9x |
| Thu, 28 Dec 2023 | ج.م117.1b | ج.م76.3b | ج.م12.9b | 19.1x | 9.1x | 1.5x |
| Sat, 25 Nov 2023 | ج.م133.7b | ج.م75.4b | ج.م12.8b | 21.3x | 10.4x | 1.8x |
| Mon, 23 Oct 2023 | ج.م105.0b | ج.م73.2b | ج.م12.0b | 14.5x | 8.7x | 1.4x |
| Wed, 20 Sep 2023 | ج.م100.1b | ج.م73.2b | ج.م12.1b | 13.7x | 8.3x | 1.4x |
| Fri, 18 Aug 2023 | ج.م88.4b | ج.م70.7b | ج.م11.7b | 12x | 7.6x | 1.3x |
| Sun, 16 Jul 2023 | ج.م84.9b | ج.م68.6b | ج.م11.2b | 12.9x | 7.6x | 1.2x |
| Tue, 13 Jun 2023 | ج.م89.1b | ج.م67.1b | ج.م11.0b | 13x | 8.1x | 1.3x |
| Thu, 11 May 2023 | ج.م84.7b | ج.م67.0b | ج.م10.8b | 11.7x | 7.9x | 1.3x |
| Sat, 08 Apr 2023 | ج.م81.0b | ج.م65.6b | ج.م10.4b | 10.6x | 7.8x | 1.2x |
| Mon, 06 Mar 2023 | ج.م84.6b | ج.م66.3b | ج.م10.5b | 14.8x | 8.1x | 1.3x |
| Wed, 01 Feb 2023 | ج.م87.0b | ج.م63.9b | ج.م10.7b | 14.7x | 8.2x | 1.4x |
| Fri, 30 Dec 2022 | ج.م81.7b | ج.م63.9b | ج.م10.7b | 14.2x | 7.7x | 1.3x |
| Sun, 27 Nov 2022 | ج.م71.4b | ج.م61.7b | ج.م10.2b | 12x | 7x | 1.2x |
| Tue, 25 Oct 2022 | ج.م66.1b | ج.م60.2b | ج.م10.1b | 14.1x | 6.5x | 1.1x |
| Thu, 22 Sep 2022 | ج.م64.3b | ج.م60.4b | ج.م10.1b | 14.3x | 6.4x | 1.1x |
| Sat, 20 Aug 2022 | ج.م68.6b | ج.م55.0b | ج.م8.4b | 15.3x | 8.2x | 1.2x |
| Mon, 18 Jul 2022 | ج.م57.6b | ج.م53.2b | ج.م8.3b | 11.4x | 6.9x | 1.1x |
| Wed, 15 Jun 2022 | ج.م60.7b | ج.م51.8b | ج.م7.5b | 13.1x | 8.1x | 1.2x |
| Fri, 13 May 2022 | ج.م64.4b | ج.م50.5b | ج.م7.4b | 14.1x | 8.7x | 1.3x |
| Sun, 10 Apr 2022 | ج.م66.8b | ج.م50.1b | ج.م7.2b | 10.7x | 9.2x | 1.3x |
| Tue, 08 Mar 2022 | ج.م65.7b | ج.م49.1b | ج.م7.9b | 10.2x | 8.3x | 1.3x |
| Thu, 03 Feb 2022 | ج.م76.9b | ج.م48.9b | ج.م7.9b | 18.1x | 9.7x | 1.6x |
| Sat, 01 Jan 2022 | ج.م78.7b | ج.م48.9b | ج.م7.9b | 19.5x | 10x | 1.6x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are pessimistic on the Egyptian 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 6.5x which is lower than its 3-year average PE of 8.4x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 67% per year over the last three years.
- Revenues for these companies have grown 37% 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 Egyptian Real Estate sector?
| EG Market | -2.93% | |
| Real Estate | -3.50% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -3.50% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 8.4x.
- Analysts are expecting annual earnings growth of 31.8%, which is lower than the prior year's growth of 78.3% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 78% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|
| TMGH Talaat Moustafa Group Holding | ج.م56.75 | 0.9% +ج.م1.0b | 134.9% | PE18.8x | |
| DCRC Delta for Construction & Rebuilding | ج.م26.00 | 29.9% +ج.م125.6m | 36.7% | PE10.2x | |
| IDRE Ismailia Development and Real Estate Co | ج.م17.35 | 24.1% +ج.م124.1m | -69.5% | PE201.9x | |
| AREH Real Estate Egyptian ConsortiumE | ج.م0.69 | 4.2% +ج.م11.2m | -39.5% | PE379.4x | |
| CCRS Gulf Canadian Company for Arab Real Estate Investment | ج.م47.75 | 3.5% +ج.م8.2m | 162.7% | PE86.6x |