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Egyptian (OMX) Real Estate Industry Analysis

UpdatedJun 13, 2024
DataAggregated Company Financials
Companies29
  • 7D-1.4%
  • 3M-20.4%
  • 1Y143.3%
  • YTD56.3%

The Real Estate industry is down 3.7% over the last week with Emaar Misr for Development Company (S.A.E.) the worst performer, down 8.5%. Meanwhile, Palm Hills DevelopmentsE actually outperformed within the industry, gaining 7.0% in the last week. In the past year, the industry has gained 141%. Earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

Has the Egyptian Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Jun 2024ج.م204.4bج.م108.5bج.م30.7b11.8x6.7x1.9x
Sat, 11 May 2024ج.م219.3bج.م101.8bج.م23.3b12.3x9.4x2.2x
Mon, 08 Apr 2024ج.م224.9bج.م85.7bج.م15.5b21.5x14.5x2.6x
Wed, 06 Mar 2024ج.م269.7bج.م81.6bج.م14.9b23.2x18.1x3.3x
Fri, 02 Feb 2024ج.م142.2bج.م76.3bج.م13.0b20.8x10.9x1.9x
Sun, 31 Dec 2023ج.م116.8bج.م76.2bج.م13.0b18.6x9x1.5x
Tue, 28 Nov 2023ج.م121.3bج.م75.4bج.م12.8b21.8x9.4x1.6x
Thu, 26 Oct 2023ج.م122.1bج.م73.2bج.م12.0b15.5x10.2x1.7x
Sat, 23 Sep 2023ج.م100.5bج.م73.2bج.م12.1b13.2x8.3x1.4x
Mon, 21 Aug 2023ج.م90.1bج.م69.9bج.م11.5b13.6x7.8x1.3x
Wed, 19 Jul 2023ج.م87.2bج.م68.6bج.م11.2b13x7.8x1.3x
Fri, 16 Jun 2023ج.م88.0bج.م67.1bج.م11.0b12.9x8x1.3x
Sun, 14 May 2023ج.م83.2bج.م67.3bج.م10.7b12.2x7.8x1.2x
Tue, 11 Apr 2023ج.م80.3bج.م65.6bج.م10.4b11x7.7x1.2x
Thu, 09 Mar 2023ج.م81.5bج.م66.3bج.م10.6b13.2x7.7x1.2x
Sat, 04 Feb 2023ج.م82.8bج.م63.9bج.م10.7b14.5x7.8x1.3x
Mon, 02 Jan 2023ج.م81.7bج.م63.9bج.م10.7b14.2x7.7x1.3x
Wed, 30 Nov 2022ج.م72.1bج.م62.6bج.م10.5b12.1x6.9x1.2x
Fri, 28 Oct 2022ج.م68.0bج.م60.2bج.م10.1b13.2x6.7x1.1x
Sun, 25 Sep 2022ج.م66.2bج.م60.4bج.م10.1b14.9x6.5x1.1x
Tue, 23 Aug 2022ج.م70.9bج.م55.0bج.م8.4b15.4x8.4x1.3x
Thu, 21 Jul 2022ج.م60.3bج.م53.2bج.م8.3b10.3x7.3x1.1x
Sat, 18 Jun 2022ج.م62.0bج.م51.8bج.م7.5b12.9x8.3x1.2x
Mon, 16 May 2022ج.م63.1bج.م50.5bج.م7.4b13.4x8.5x1.2x
Wed, 13 Apr 2022ج.م64.1bج.م50.1bج.م7.2b10.2x8.9x1.3x
Fri, 11 Mar 2022ج.م64.3bج.م49.1bج.م7.9b10.3x8.1x1.3x
Sun, 06 Feb 2022ج.م76.8bج.م48.9bج.م7.9b17.9x9.7x1.6x
Tue, 04 Jan 2022ج.م79.2bج.م48.9bج.م7.9b17.1x10x1.6x
Thu, 02 Dec 2021ج.م72.5bج.م48.6bج.م7.9b15.6x9.2x1.5x
Sat, 30 Oct 2021ج.م82.1bج.م47.3bج.م7.6b18.8x10.9x1.7x
Mon, 27 Sep 2021ج.م87.9bج.م47.3bج.م7.6b22.8x11.6x1.9x
Wed, 25 Aug 2021ج.م92.1bج.م47.3bج.م7.6b27.2x12.2x1.9x
Thu, 01 Jul 2021ج.م72.0bج.م47.3bج.م7.6b19.6x9.5x1.5x
Price to Earnings Ratio

9.5x


Total Market Cap: ج.م72.0bTotal Earnings: ج.م7.6bTotal Revenue: ج.م47.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Egyptian Real Estate Industry Price to Earnings3Y Average 9x202220232024
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 9.0x.
  • The 3-year average PS ratio of 1.5x 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 60% per year over the last three years.
  • Revenues for these companies have grown 32% 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-1.32%
Real Estate-1.43%
Real Estate-1.43%
Real Estate Operating Companies0%
Real Estate Services0%
Real Estate Development-0.33%
Diversified Real Estate-6.84%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings growth of 15.8%, which is lower than the prior year's growth of 38.5% per year.
  • Investors are most pessimistic about the Diversified Real Estate industry, which is trading below its 3-year average of 39.8x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 58% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TMGH Talaat Moustafa Group Holdingج.م53.400.8%
+ج.م825.4m
480.4%PE23.4x
PHDC Palm Hills DevelopmentsEج.م4.043.1%
+ج.م353.0m
86.2%PE5.1x
ELKA El Kahera Housingج.م1.5418.5%
+ج.م215.1m
49.4%PE7.5x
DCRC Delta for Construction & Rebuildingج.م26.0029.9%
+ج.م125.6m
36.7%PE10.2x
UNIT United for Housing & Development -Eج.م5.7115.1%
+ج.م181.9m
26.9%PE11.8x
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Latest News

UNIT

ج.م5.71

United for Housing & Development -E

7D

15.1%

1Y

26.9%

AREH

ج.م0.68

Real Estate Egyptian ConsortiumE

7D

-8.2%

1Y

-20.0%

PHDC

ج.م4.04

Palm Hills DevelopmentsE

7D

3.1%

1Y

86.2%

MASR

ج.م3.57

Madinet Masr For Housing and Development

7D

-2.5%

1Y

-0.6%

HELI

ج.م9.70

Heliopolis for Housing & Development

7D

-14.9%

1Y

-11.2%

ZMID

ج.م6.20

Zahraa El Maadi Investment and Development Company SAE

7D

4.7%

1Y

4.0%

ARAB

ج.م0.37

Arab Developers Holding

7D

-3.9%

1Y

271.9%

TMGH

ج.م53.40

Talaat Moustafa Group Holding

7D

0.8%

1Y

480.4%

EGTS

ج.م6.08

Egyptian Resorts Company (S.A.E)

7D

-3.3%

1Y

144.2%

EHDR

ج.م0.38

Egyptians for Housing & Development

7D

4.4%

1Y

36.2%

EMFD

ج.م5.42

Emaar Misr for Development Company (S.A.E.)

7D

-6.6%

1Y

73.7%

ELKA

ج.م1.54

El Kahera Housing

7D

18.5%

1Y

49.4%

ELSH

ج.م6.01

Al Shams Housing and Urbanization SAE

7D

4.9%

1Y

-14.1%

ACAP

ج.م1.44

A Capital Holding

7D

-1.9%

1Y

314.9%

DCRC

ج.م26.00

Delta for Construction & Rebuilding

7D

29.9%

1Y

36.7%