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Spanish (IBEX) Real Estate Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies78
  • 7D-0.4%
  • 3M-1.5%
  • 1Y-7.3%
  • YTD-8.5%

Over the last 7 days, the Real Estate industry has remained flat, although notably Aedas Homes gained 3.3%. As for the longer term, the industry has declined 7.3% in the last year. In the next few years, earnings are forecast to decline by 13% annually.

Sector Valuation and Performance

Has the Spanish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022€23.1b€3.7b€2.4b17.5x9.7x6.3x
Mon, 31 Oct 2022€22.6b€3.7b€2.2b18.3x10.1x6.2x
Wed, 28 Sep 2022€21.6b€3.7b€2.2b19.3x10x5.9x
Fri, 26 Aug 2022€23.6b€3.6b€2.1b20.1x11.1x6.6x
Sun, 24 Jul 2022€23.4b€3.5b€1.7b20.1x13.6x6.6x
Tue, 21 Jun 2022€23.8b€3.7b€1.7b21.5x14x6.4x
Thu, 19 May 2022€24.5b€4.2b€1.6b23.1x15.3x5.8x
Sat, 16 Apr 2022€25.4b€4.2b€1.5b27.4x16.5x6.1x
Mon, 14 Mar 2022€24.3b€4.2b€1.5b26.1x15.8x5.8x
Wed, 09 Feb 2022€24.0b€3.3b€745.9m28.7x32.2x7.2x
Fri, 07 Jan 2022€24.7b€3.3b€748.5m24.9x33x7.4x
Sun, 05 Dec 2021€24.3b€3.3b€770.2m26.7x31.5x7.4x
Tue, 02 Nov 2021€24.6b€3.1b€706.4m27.8x34.8x7.9x
Thu, 30 Sep 2021€24.2b€2.9b€632.4m24.4x38.3x8.3x
Sat, 28 Aug 2021€24.4b€2.9b€575.8m29x42.3x8.3x
Sun, 04 Jul 2021€23.1b€2.9b€590.9m28.6x39.1x7.8x
Wed, 07 Apr 2021€23.0b€3.0b€42.7m32.2x537.9x7.7x
Sat, 09 Jan 2021€22.1b€2.6b-€63,461,261.0035.4x-348.8x8.6x
Fri, 02 Oct 2020€20.9b€2.7b€1.0b22.2x20.9x7.8x
Mon, 06 Jul 2020€21.2b€2.6b€1.1b20.1x18.8x8x
Thu, 09 Apr 2020€21.1b€2.8b€2.0b16.7x10.7x7.7x
Wed, 01 Jan 2020€26.9b€2.6b€2.1b18.2x12.7x10.2x
Price to Earnings Ratio

12.7x


Total Market Cap: €26.7bTotal Earnings: €2.1bTotal Revenue: €2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Real Estate Sector Price to Earnings3Y Average 34x202020212022
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 9.7x which is lower than its 3-year average PE of 34.0x.
  • The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 4.3% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Spanish Real Estate sector?

ES Market-0.38%
Real Estate-0.39%
REITS-0.37%
Real Estate-0.45%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 8.6x.
    • Analysts are expecting annual earnings decline of 10.0%, which is lower than the prior year's growth of 98.7% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 30.9x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 10.0% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 99% per year.
  • In contrast, the REITS industry is expected to see its earnings decline by 13% 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
AEDAS Aedas Homes€14.983.3%
+€21.2m
-38.6%PB0.7x
RLIA Realia Business€1.071.9%
+€16.2m
39.3%PB0.8x
COL Inmobiliaria Colonial SOCIMI€6.050.5%
+€15.9m
-22.2%PB0.5x
ARM Arima Real Estate SOCIMI€7.705.5%
+€10.8m
-14.3%PB0.6x
CEV Compañía Española de Viviendas en Alquiler€7.006.9%
+€10.4m
1.4%PB0.4x
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Latest News

AEDAS

€14.98

Aedas Homes

7D

3.3%

1Y

-38.6%

LRE

€4.45

Lar España Real Estate SOCIMI

7D

1.6%

1Y

-7.5%

REN

€1.47

Renta Corporación Real Estate

7D

-3.6%

1Y

-21.4%

MRL

€8.92

MERLIN Properties SOCIMI

7D

-2.2%

1Y

-6.7%

YIPS

€1.25

Inversa Prime SOCIMI

7D

-1.6%

1Y

0.8%

YVIT

€11.50

Vitruvio Real Estate SOCIMI

7D

4.5%

1Y

4.5%

YATO

€10.00

Atom Hoteles SOCIMI

7D

-1.0%

1Y

5.3%

RLIA

€1.07

Realia Business

7D

1.9%

1Y

39.3%

LIB

€0.90

Libertas 7

7D

3.4%

1Y

-51.1%

COL

€6.05

Inmobiliaria Colonial SOCIMI

7D

0.5%

1Y

-22.2%

CEV

€7.00

Compañía Española de Viviendas en Alquiler

7D

6.9%

1Y

1.4%