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Egyptian (CASE/EGX) Real Estate Sector Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies29
- 7D-3.4%
- 3M4.5%
- 1Y86.2%
- YTD84.3%
Over the last 7 days, the Real Estate industry has dropped 3.4%, driven by a pullback from Talaat Moustafa Group Holding of 3.4%. Meanwhile, Mena for Touristic & Real Estate Investment actually outperformed within the industry, gaining 33% in the last week. In the past year, the industry has gained 86%. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | ج.م244.8b | ج.م124.9b | ج.م36.7b | 17.2x | 6.7x | 2x |
| Tue, 22 Oct 2024 | ج.م246.2b | ج.م115.3b | ج.م33.5b | 14.1x | 7.3x | 2.1x |
| Thu, 19 Sep 2024 | ج.م237.8b | ج.م115.3b | ج.م33.5b | 12.5x | 7.1x | 2.1x |
| Sat, 17 Aug 2024 | ج.م225.6b | ج.م114.1b | ج.م33.6b | 11.9x | 6.7x | 2x |
| Mon, 15 Jul 2024 | ج.م227.1b | ج.م108.5b | ج.م31.8b | 12x | 7.1x | 2.1x |
| Wed, 12 Jun 2024 | ج.م204.4b | ج.م108.5b | ج.م30.7b | 11.6x | 6.7x | 1.9x |
| Fri, 10 May 2024 | ج.م219.3b | ج.م101.8b | ج.م23.3b | 12.3x | 9.4x | 2.2x |
| Sun, 07 Apr 2024 | ج.م225.0b | ج.م85.7b | ج.م15.5b | 21.4x | 14.5x | 2.6x |
| Tue, 05 Mar 2024 | ج.م281.4b | ج.م81.7b | ج.م14.9b | 23.2x | 18.9x | 3.4x |
| Thu, 01 Feb 2024 | ج.م136.9b | ج.م76.3b | ج.م13.0b | 20.4x | 10.5x | 1.8x |
| Sat, 30 Dec 2023 | ج.م116.8b | ج.م76.2b | ج.م13.0b | 18.6x | 9x | 1.5x |
| Mon, 27 Nov 2023 | ج.م118.7b | ج.م75.4b | ج.م12.8b | 21.3x | 9.2x | 1.6x |
| Wed, 25 Oct 2023 | ج.م105.4b | ج.م73.2b | ج.م12.0b | 14.7x | 8.8x | 1.4x |
| Fri, 22 Sep 2023 | ج.م100.5b | ج.م73.2b | ج.م12.1b | 13.2x | 8.3x | 1.4x |
| Sun, 20 Aug 2023 | ج.م88.5b | ج.م70.5b | ج.م11.6b | 12x | 7.6x | 1.3x |
| Tue, 18 Jul 2023 | ج.م85.9b | ج.م68.6b | ج.م11.2b | 12.9x | 7.7x | 1.3x |
| Thu, 15 Jun 2023 | ج.م87.5b | ج.م67.1b | ج.م11.0b | 12.9x | 7.9x | 1.3x |
| Sat, 13 May 2023 | ج.م83.2b | ج.م67.0b | ج.م10.8b | 11.6x | 7.7x | 1.2x |
| Mon, 10 Apr 2023 | ج.م81.0b | ج.م65.6b | ج.م10.4b | 10.5x | 7.8x | 1.2x |
| Wed, 08 Mar 2023 | ج.م81.9b | ج.م66.3b | ج.م10.5b | 14.6x | 7.8x | 1.2x |
| Fri, 03 Feb 2023 | ج.م82.8b | ج.م63.9b | ج.م10.7b | 14.5x | 7.8x | 1.3x |
| Sun, 01 Jan 2023 | ج.م81.7b | ج.م63.9b | ج.م10.7b | 14.2x | 7.7x | 1.3x |
| Tue, 29 Nov 2022 | ج.م71.0b | ج.م62.5b | ج.م10.5b | 11.9x | 6.7x | 1.1x |
| Thu, 27 Oct 2022 | ج.م67.1b | ج.م60.2b | ج.م10.1b | 13.7x | 6.6x | 1.1x |
| Sat, 24 Sep 2022 | ج.م66.2b | ج.م60.4b | ج.م10.1b | 14.9x | 6.5x | 1.1x |
| Mon, 22 Aug 2022 | ج.م69.4b | ج.م55.0b | ج.م8.4b | 15.4x | 8.3x | 1.3x |
| Wed, 20 Jul 2022 | ج.م57.6b | ج.م53.2b | ج.م8.3b | 11.4x | 6.9x | 1.1x |
| Fri, 17 Jun 2022 | ج.م62.0b | ج.م51.8b | ج.م7.5b | 12.9x | 8.3x | 1.2x |
| Sun, 15 May 2022 | ج.م63.1b | ج.م50.5b | ج.م7.4b | 13.4x | 8.5x | 1.2x |
| Tue, 12 Apr 2022 | ج.م63.5b | ج.م50.1b | ج.م7.2b | 10x | 8.8x | 1.3x |
| Thu, 10 Mar 2022 | ج.م64.0b | ج.م49.1b | ج.م7.9b | 10.3x | 8.1x | 1.3x |
| Sat, 05 Feb 2022 | ج.م76.8b | ج.م48.9b | ج.م7.9b | 17.9x | 9.7x | 1.6x |
| Mon, 03 Jan 2022 | ج.م79.2b | ج.م48.9b | ج.م7.9b | 20.2x | 10x | 1.6x |
| Wed, 01 Dec 2021 | ج.م72.5b | ج.م48.6b | ج.م7.9b | 15x | 9.2x | 1.5x |
Price to Earnings Ratio
9.2x
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 6.7x which is lower than its 3-year average PE of 8.5x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
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 | -1.12% | |
| Real Estate | -3.40% | |
| 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 | -3.40% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings growth of 30.5%, which is lower than the prior year's growth of 72.8% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 73% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 31% 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 | |
|---|---|---|---|---|---|
| MENA Mena for Touristic & Real Estate Investment | ج.م3.75 | 33.5% +ج.م227.4m | 196.0% | PS104x | |
| DCRC Delta for Construction & Rebuilding | ج.م26.00 | 29.9% +ج.م125.6m | 36.7% | PE10.2x | |
| MAAL Marseille Almasreia Alkhalegeya For Holding Investment SAE | ج.م4.19 | 12.0% +ج.م93.4m | 164.5% | n/a | |
| TANM Tanmiya For Real Estate Investment (S.A.E) | ج.م3.38 | 2.7% +ج.م13.1m | 85.2% | n/a | |
| CCRS Gulf Canadian Company for Arab Real Estate Investment | ج.م28.95 | 7.1% +ج.م9.7m | 65.0% | PE52.5x |