Is Now An Opportune Moment To Examine Metrovacesa S.A. (BME:MVC)?
Jul 17
Spanish (IBEX) Real Estate Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies89
- 7D-0.4%
- 3M-0.8%
- 1Y4.0%
- YTD-0.4%
The Real Estate is pretty flat in the last 7 days, but Aedas Homes has stood out, gaining 3.5%. The past year has been better, since the industry has gained 4.0% in that time. Looking forward, earnings are forecast to grow by 47% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €26.1b | €4.3b | -€652,602,715.00 | 25.9x | -39.9x | 6x |
| Sun, 23 Jun 2024 | €25.5b | €4.3b | -€926,463,846.00 | 23.6x | -27.6x | 6x |
| Tue, 21 May 2024 | €26.1b | €4.1b | -€676,377,445.00 | 24.9x | -38.6x | 6.3x |
| Thu, 18 Apr 2024 | €24.8b | €4.1b | -€812,511,861.00 | 25.5x | -30.5x | 6x |
| Sat, 16 Mar 2024 | €24.1b | €4.1b | -€821,122,538.00 | 26.3x | -29.4x | 5.9x |
| Mon, 12 Feb 2024 | €24.0b | €3.9b | -€706,833,735.00 | 27.8x | -33.9x | 6.2x |
| Wed, 10 Jan 2024 | €25.0b | €4.0b | -€695,772,489.00 | 27.7x | -35.9x | 6.2x |
| Fri, 08 Dec 2023 | €25.3b | €4.1b | -€646,712,097.00 | 26.1x | -39x | 6.2x |
| Sun, 05 Nov 2023 | €24.4b | €4.0b | -€525,967,720.00 | 27.9x | -46.3x | 6.1x |
| Tue, 03 Oct 2023 | €23.3b | €3.9b | -€576,667,697.00 | 27.9x | -40.4x | 6x |
| Thu, 31 Aug 2023 | €23.4b | €3.9b | -€508,701,532.00 | 28.9x | -45.9x | 5.9x |
| Sat, 29 Jul 2023 | €23.6b | €3.9b | €380.4m | 25.4x | 62.1x | 6x |
| Mon, 26 Jun 2023 | €23.2b | €3.9b | €885.7m | 28.7x | 26.2x | 6x |
| Wed, 24 May 2023 | €22.6b | €3.6b | €872.3m | 20x | 25.9x | 6.3x |
| Fri, 21 Apr 2023 | €22.8b | €3.6b | €816.3m | 19.3x | 28x | 6.3x |
| Sun, 19 Mar 2023 | €9.1b | €950.8m | €338.0m | 23.6x | 26.8x | 9.5x |
| Tue, 14 Feb 2023 | €24.1b | €3.6b | €2.4b | 17.5x | 10.2x | 6.6x |
| Thu, 12 Jan 2023 | €23.8b | €3.6b | €2.4b | 17.7x | 10.1x | 6.5x |
| Sat, 10 Dec 2022 | €23.0b | €3.7b | €2.4b | 17.5x | 9.6x | 6.2x |
| Mon, 07 Nov 2022 | €22.6b | €3.7b | €2.3b | 17.3x | 9.7x | 6x |
| Wed, 05 Oct 2022 | €22.2b | €3.7b | €2.2b | 18.5x | 10.2x | 6.1x |
| Fri, 02 Sep 2022 | €23.1b | €3.6b | €2.1b | 20.1x | 10.8x | 6.5x |
| Sun, 31 Jul 2022 | €23.9b | €3.6b | €2.1b | 20.1x | 11.4x | 6.7x |
| Tue, 28 Jun 2022 | €23.8b | €3.7b | €1.7b | 22.2x | 13.7x | 6.5x |
| Thu, 26 May 2022 | €24.6b | €3.7b | €1.6b | 23.1x | 15.4x | 6.6x |
| Sat, 23 Apr 2022 | €25.2b | €4.2b | €1.5b | 27x | 16.3x | 6x |
| Mon, 21 Mar 2022 | €24.8b | €4.2b | €1.5b | 26.1x | 16.2x | 5.9x |
| Wed, 16 Feb 2022 | €24.4b | €3.3b | €744.5m | 28.8x | 32.8x | 7.3x |
| Fri, 14 Jan 2022 | €24.6b | €3.3b | €746.7m | 27.2x | 32.9x | 7.3x |
| Sun, 12 Dec 2021 | €24.5b | €3.3b | €770.2m | 27.1x | 31.9x | 7.4x |
| Tue, 09 Nov 2021 | €24.8b | €3.1b | €731.4m | 27.1x | 33.9x | 7.9x |
| Thu, 07 Oct 2021 | €24.3b | €2.9b | €679.3m | 24.7x | 35.7x | 8.3x |
| Sat, 04 Sep 2021 | €24.2b | €2.9b | €575.8m | 29x | 42x | 8.3x |
| Mon, 02 Aug 2021 | €24.2b | €2.9b | €590.9m | 28.6x | 40.9x | 8.2x |
Price to Earnings Ratio
40.9x
Current Industry PE
- Investors are relatively neutral on the Spanish Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 14% 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 | -0.034% | |
| Real Estate | -0.41% | |
| REITS | 0.84% | |
| Specialized REITs | 0% | |
| Industrial REITs | 0% | |
| Retail REITs | -0.16% | |
| Residential REITs | -0.38% | |
| Hotel and Resort REITs | -0.55% | |
| Real Estate | -0.57% | |
| Office REITs | -2.34% | |
| Health Care REITs | -2.91% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 38.6%, which is higher than its past year's earnings growth of 13.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 136% over the next 5 years.
- This is better than its past earnings growth rate of 0.6% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 67% 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 | |
|---|---|---|---|---|---|
| AEDAS Aedas Homes | €23.80 | 3.5% +€34.5m | 40.8% | PE9.4x | |
| RLIA Realia Business | €1.02 | 1.5% +€12.2m | 0% | PE33.3x | |
| MRL MERLIN Properties SOCIMI | €10.30 | 0.1% +€5.6m | 22.0% | PB0.7x | |
| YIPS Inversa Prime SOCIMI | €1.46 | 2.8% +€3.1m | 12.3% | n/a | |
| YIBI Ibi Lion Socimi | €1.05 | 5.0% +€2.6m | -9.5% | n/a |