Egyptian (OMX) Real Estate Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies29
- 7D1.5%
- 3M54.0%
- 1Y195.9%
- YTD80.2%
The Real Estate industry is up 1.5% in the last week, with Sixth of October for Development and Investment Company SODIC (S.A.E.) up 15%. Meanwhile, Talaat Moustafa Group Holding actually underperformed within the industry, shrinking 8.9% in the last week. This takes the industry's 12 month performance to a gain of 196%. Looking forward, earnings are forecast to grow by 9.8% annually.
Industry Valuation and Performance
Has the Egyptian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | ج.م235.8b | ج.م101.3b | ج.م23.3b | 18.5x | 10.1x | 2.3x |
| Thu, 21 Mar 2024 | ج.م213.1b | ج.م82.1b | ج.م14.7b | 21.1x | 14.5x | 2.6x |
| Sat, 17 Feb 2024 | ج.م184.9b | ج.م78.2b | ج.م13.7b | 25.2x | 13.5x | 2.4x |
| Mon, 15 Jan 2024 | ج.م124.9b | ج.م76.3b | ج.م13.0b | 19.2x | 9.6x | 1.6x |
| Wed, 13 Dec 2023 | ج.م115.4b | ج.م76.3b | ج.م13.1b | 18.6x | 8.8x | 1.5x |
| Fri, 10 Nov 2023 | ج.م127.0b | ج.م73.4b | ج.م12.1b | 17.4x | 10.5x | 1.7x |
| Sun, 08 Oct 2023 | ج.م96.1b | ج.م73.2b | ج.م12.1b | 14x | 8x | 1.3x |
| Tue, 05 Sep 2023 | ج.م95.3b | ج.م73.2b | ج.م12.0b | 14x | 7.9x | 1.3x |
| Thu, 03 Aug 2023 | ج.م84.9b | ج.م68.5b | ج.م11.3b | 11.7x | 7.5x | 1.2x |
| Sat, 01 Jul 2023 | ج.م87.6b | ج.م68.6b | ج.م11.2b | 12.3x | 7.8x | 1.3x |
| Mon, 29 May 2023 | ج.م79.8b | ج.م67.3b | ج.م10.8b | 12.1x | 7.4x | 1.2x |
| Wed, 26 Apr 2023 | ج.م83.7b | ج.م67.0b | ج.م10.9b | 10.6x | 7.7x | 1.2x |
| Fri, 24 Mar 2023 | ج.م73.4b | ج.م65.7b | ج.م10.5b | 10x | 7x | 1.1x |
| Sun, 19 Feb 2023 | ج.م87.3b | ج.م63.9b | ج.م10.7b | 14.7x | 8.2x | 1.4x |
| Tue, 17 Jan 2023 | ج.م87.1b | ج.م63.9b | ج.م10.7b | 14.1x | 8.2x | 1.4x |
| Thu, 15 Dec 2022 | ج.م84.9b | ج.م62.6b | ج.م10.4b | 13.8x | 8.1x | 1.4x |
| Sat, 12 Nov 2022 | ج.م67.3b | ج.م60.7b | ج.م10.1b | 11.7x | 6.6x | 1.1x |
| Mon, 10 Oct 2022 | ج.م65.2b | ج.م60.2b | ج.م10.1b | 14.6x | 6.4x | 1.1x |
| Wed, 07 Sep 2022 | ج.م72.8b | ج.م60.4b | ج.م10.1b | 17x | 7.2x | 1.2x |
| Fri, 05 Aug 2022 | ج.م64.6b | ج.م53.7b | ج.م8.3b | 13.6x | 7.8x | 1.2x |
| Sun, 03 Jul 2022 | ج.م58.2b | ج.م52.0b | ج.م7.5b | 11.5x | 7.7x | 1.1x |
| Tue, 31 May 2022 | ج.م59.1b | ج.م50.1b | ج.م7.3b | 10.7x | 8.1x | 1.2x |
| Thu, 28 Apr 2022 | ج.م63.9b | ج.م50.5b | ج.م7.4b | 13.6x | 8.7x | 1.3x |
| Sat, 26 Mar 2022 | ج.م69.0b | ج.م50.2b | ج.م7.7b | 11.7x | 8.9x | 1.4x |
| Mon, 21 Feb 2022 | ج.م70.7b | ج.م48.9b | ج.م7.9b | 14.8x | 8.9x | 1.4x |
| Wed, 19 Jan 2022 | ج.م76.6b | ج.م48.9b | ج.م7.9b | 17.4x | 9.7x | 1.6x |
| Fri, 17 Dec 2021 | ج.م76.4b | ج.م48.9b | ج.م7.9b | 17.4x | 9.7x | 1.6x |
| Sun, 14 Nov 2021 | ج.م74.7b | ج.م49.7b | ج.م8.4b | 19.3x | 8.9x | 1.5x |
| Tue, 12 Oct 2021 | ج.م84.2b | ج.م47.3b | ج.م7.6b | 20.6x | 11.2x | 1.8x |
| Thu, 09 Sep 2021 | ج.م86.5b | ج.م47.3b | ج.م7.6b | 23x | 11.5x | 1.8x |
| Sat, 07 Aug 2021 | ج.م79.8b | ج.م47.3b | ج.م7.6b | 28.5x | 10.6x | 1.7x |
| Fri, 30 Apr 2021 | ج.م64.7b | ج.م43.0b | ج.م6.8b | 14.9x | 9.5x | 1.5x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the Egyptian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.1x which is higher than its 3-year average PE of 9.1x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 51% per year over the last three years.
- Revenues for these companies have grown 33% 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 industry?
| EG Market | -0.071% | |
| Real Estate | 1.54% | |
| Real Estate | 1.54% | |
| Diversified Real Estate | 2.34% | |
| Real Estate Development | 1.40% | |
| Real Estate Operating Companies | 0% | |
| Real Estate Services | 0% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 7.4x.
- Analysts are expecting annual earnings growth of 19.1%, which is lower than the prior year's growth of 25.7% per year.
- Investors are most pessimistic about the Diversified Real Estate industry, which is trading below its 3-year average of 40.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 103% 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 | |
|---|---|---|---|---|---|
| OCDI Sixth of October for Development and Investment Company SODIC (S.A.E.) | ج.م51.77 | 12.8% +ج.م2.1b | 267.4% | PE13.4x | |
| EGTS Egyptian Resorts Company (S.A.E) | ج.م5.59 | 9.0% +ج.م483.0m | 127.2% | PE29.2x | |
| DCRC Delta for Construction & Rebuilding | ج.م26.00 | 29.9% +ج.م125.6m | 36.7% | PE10.2x | |
| ZMID Zahraa El Maadi Investment and Development Company SAE | ج.م7.55 | 3.6% +ج.م137.3m | 21.0% | PE14.7x | |
| MENA Mena for Touristic & Real Estate Investment | ج.م1.70 | 9.7% +ج.م36.3m | 82.5% | PS38.6x |