There's No Escaping Compañía Española de Viviendas en Alquiler S.A.'s (BME:CEV) Muted Earnings
Jul 30
Have your own idea? Try our Stock Screener
Spanish (IBEX) Real Estate Sector Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies100
- 7D0.4%
- 3M2.6%
- 1Y6.8%
- YTD7.1%
The Real Estate industry has been flat over the last week, but Millenium Hospitality Real Estate SOCIMI has lost 34%. As for the the longer term, the industry is up 6.9% over the past 12 months. As for the next few years, earnings are expected to grow by 5.5% per annum.
Sector Valuation and Performance
Has the Spanish Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 Aug 2025 | €29.6b | €4.2b | €2.0b | 21.7x | 15.1x | 7x |
| Sat, 12 Jul 2025 | €28.2b | €4.5b | €1.3b | 21.7x | 21.8x | 6.3x |
| Mon, 09 Jun 2025 | €28.2b | €4.5b | €1.3b | 22.5x | 21.6x | 6.2x |
| Wed, 07 May 2025 | €27.8b | €4.5b | €1.1b | 22.8x | 24.3x | 6.1x |
| Fri, 04 Apr 2025 | €26.9b | €4.5b | €986.1m | 24.7x | 27.3x | 5.9x |
| Sun, 02 Mar 2025 | €27.6b | €4.4b | €917.0m | 25x | 30.1x | 6.3x |
| Tue, 28 Jan 2025 | €27.9b | €4.5b | -€85,179,130.00 | 25.6x | -327.7x | 6.2x |
| Thu, 26 Dec 2024 | €27.3b | €4.5b | -€71,122,390.00 | 24.5x | -383.5x | 6.1x |
| Sat, 23 Nov 2024 | €27.6b | €4.5b | -€77,003,912.00 | 25.2x | -358.4x | 6.1x |
| Mon, 21 Oct 2024 | €28.3b | €4.4b | -€229,210,641.00 | 24.2x | -123.4x | 6.4x |
| Wed, 18 Sep 2024 | €28.7b | €4.4b | -€212,986,290.00 | 24x | -134.6x | 6.5x |
| Fri, 16 Aug 2024 | €27.5b | €4.4b | -€216,776,503.00 | 24.1x | -126.7x | 6.2x |
| Sun, 14 Jul 2024 | €26.5b | €4.3b | -€871,533,994.00 | 25.2x | -30.4x | 6.2x |
| Tue, 11 Jun 2024 | €25.6b | €4.3b | -€930,369,779.00 | 26.3x | -27.5x | 6x |
| Thu, 09 May 2024 | €25.6b | €4.1b | -€741,804,803.00 | 23x | -34.5x | 6.2x |
| Sat, 06 Apr 2024 | €24.5b | €4.1b | -€813,955,226.00 | 24.9x | -30.2x | 6x |
| Mon, 04 Mar 2024 | €23.7b | €4.1b | -€1,025,612,912.00 | 26.1x | -23.1x | 5.8x |
| Wed, 31 Jan 2024 | €25.0b | €4.0b | -€704,425,776.00 | 27.7x | -35.5x | 6.2x |
| Fri, 29 Dec 2023 | €25.5b | €4.1b | -€663,701,742.00 | 27.7x | -38.5x | 6.3x |
| Sun, 26 Nov 2023 | €24.5b | €4.0b | -€646,419,813.00 | 24.4x | -37.9x | 6.1x |
| Tue, 24 Oct 2023 | €22.9b | €3.9b | -€582,737,697.00 | 29.3x | -39.3x | 5.9x |
| Thu, 21 Sep 2023 | €23.5b | €3.9b | -€554,823,529.00 | 27.9x | -42.4x | 6x |
| Sat, 19 Aug 2023 | €22.9b | €3.9b | -€497,184,246.00 | 28.7x | -46x | 5.8x |
| Mon, 17 Jul 2023 | €23.4b | €3.9b | €729.8m | 26.2x | 32.1x | 6x |
| Wed, 14 Jun 2023 | €23.0b | €3.8b | €845.8m | 27.2x | 27.2x | 6x |
| Fri, 12 May 2023 | €22.5b | €3.6b | €807.5m | 21.9x | 27.8x | 6.2x |
| Sun, 09 Apr 2023 | €22.8b | €3.6b | €789.9m | 23.4x | 28.9x | 6.4x |
| Tue, 07 Mar 2023 | €24.0b | €3.5b | €814.6m | 23.6x | 29.4x | 6.9x |
| Thu, 02 Feb 2023 | €23.8b | €3.6b | €2.4b | 17.5x | 10.1x | 6.6x |
| Sat, 31 Dec 2022 | €23.3b | €3.6b | €2.3b | 16.9x | 9.9x | 6.5x |
| Mon, 28 Nov 2022 | €23.2b | €3.7b | €2.4b | 17.4x | 9.7x | 6.3x |
| Wed, 26 Oct 2022 | €22.3b | €3.7b | €2.2b | 18.5x | 10.2x | 6.1x |
| Fri, 23 Sep 2022 | €22.3b | €3.6b | €2.2b | 19.3x | 10.3x | 6.2x |
| Sun, 21 Aug 2022 | €23.7b | €3.6b | €2.1b | 20.1x | 11.1x | 6.6x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are pessimistic on the Spanish 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 15.1x which is higher than its 3-year average PE of -47.9x.
- The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.7% 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 Spanish Real Estate sector?
| ES Market | 2.89% | |
| Real Estate | 0.41% | |
| Hotel and Resort REITs | 2.92% | |
| Real Estate | 1.80% | |
| REITS | 0.34% | |
| Retail REITs | 0.09% | |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Residential REITs | -0.091% | |
| Office REITs | -1.01% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 36.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 194% per year.
- In contrast, the Office REITs 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 | |
|---|---|---|---|---|---|
| YMHRE Millenium Hospitality Real Estate SOCIMI | €2.58 | 21.7% +€53.2m | -7.9% | PB0.5x | |
| YEPSA Emperador Properties SOCIMI | €6.00 | 5.3% +€30.6m | 42.9% | PB1.6x | |
| LIB Libertas 7 | €4.24 | 36.8% +€24.2m | 216.4% | PE25.2x | |
| MVC Metrovacesa | €10.15 | 1.5% +€22.7m | 25.2% | PS2.8x | |
| CEV Compañía Española de Viviendas en Alquiler | €8.40 | 6.3% +€11.6m | 44.8% | PE8.2x |