A Look At The Fair Value Of Compañía Española de Viviendas en Alquiler S.A. (BME:CEV)
Dec 19
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Spanish (IBEX) Real Estate Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies95
- 7D-0.9%
- 3M-5.5%
- 1Y-0.8%
- YTD-0.6%
Over the last 7 days, the Real Estate industry has remained flat, although notably Compañía Española de Viviendas en Alquiler gained 10.0%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €27.2b | €4.5b | -€71,122,390.00 | 24.5x | -382.7x | 6.1x |
| Tue, 19 Nov 2024 | €28.7b | €4.5b | -€77,003,912.00 | 25.2x | -373.3x | 6.4x |
| Thu, 17 Oct 2024 | €28.5b | €4.4b | -€229,210,641.00 | 24.2x | -124.2x | 6.5x |
| Sat, 14 Sep 2024 | €28.8b | €4.4b | -€212,986,290.00 | 24x | -135x | 6.5x |
| Mon, 12 Aug 2024 | €27.3b | €4.4b | -€212,189,715.00 | 24.1x | -128.6x | 6.2x |
| Wed, 10 Jul 2024 | €25.4b | €4.3b | -€871,533,994.00 | 25.2x | -29.2x | 5.9x |
| Fri, 07 Jun 2024 | €25.8b | €4.3b | -€925,343,779.00 | 27.4x | -27.9x | 6x |
| Sun, 05 May 2024 | €25.5b | €4.1b | -€739,220,443.00 | 23x | -34.5x | 6.2x |
| Tue, 02 Apr 2024 | €24.8b | €4.1b | -€797,387,209.00 | 24.4x | -31.1x | 6x |
| Thu, 29 Feb 2024 | €23.8b | €4.0b | -€745,936,708.00 | 27.7x | -31.9x | 6x |
| Sat, 27 Jan 2024 | €25.1b | €4.0b | -€703,160,776.00 | 27.7x | -35.7x | 6.2x |
| Mon, 25 Dec 2023 | €25.5b | €4.1b | -€663,701,742.00 | 27.7x | -38.4x | 6.3x |
| Wed, 22 Nov 2023 | €24.6b | €4.0b | -€649,022,536.00 | 24.4x | -37.9x | 6.1x |
| Fri, 20 Oct 2023 | €23.1b | €3.9b | -€576,667,697.00 | 27.9x | -40x | 5.9x |
| Sun, 17 Sep 2023 | €23.4b | €3.9b | -€554,823,529.00 | 28x | -42.1x | 6x |
| Tue, 15 Aug 2023 | €23.3b | €3.9b | -€497,184,246.00 | 28.5x | -46.8x | 5.9x |
| Thu, 13 Jul 2023 | €23.6b | €3.9b | €720.7m | 28.5x | 32.7x | 6.1x |
| Sat, 10 Jun 2023 | €23.2b | €3.8b | €820.4m | 25.3x | 28.3x | 6.2x |
| Mon, 08 May 2023 | €22.6b | €3.6b | €807.5m | 21.9x | 28x | 6.3x |
| Wed, 05 Apr 2023 | €22.8b | €3.6b | €789.9m | 23.4x | 28.8x | 6.4x |
| Fri, 03 Mar 2023 | €23.8b | €3.3b | €885.5m | 22.4x | 26.8x | 7.2x |
| Sun, 29 Jan 2023 | €23.9b | €3.6b | €2.4b | 17.6x | 10.2x | 6.6x |
| Tue, 27 Dec 2022 | €23.2b | €3.7b | €2.4b | 17.7x | 9.8x | 6.3x |
| Thu, 24 Nov 2022 | €23.1b | €3.7b | €2.4b | 17.4x | 9.6x | 6.2x |
| Sat, 22 Oct 2022 | €21.9b | €3.7b | €2.2b | 18.5x | 10.1x | 6x |
| Mon, 19 Sep 2022 | €23.2b | €3.6b | €2.2b | 19.3x | 10.8x | 6.5x |
| Wed, 17 Aug 2022 | €24.1b | €3.6b | €2.1b | 20.1x | 11.3x | 6.8x |
| Fri, 15 Jul 2022 | €23.0b | €3.5b | €1.7b | 20.1x | 13.4x | 6.5x |
| Sun, 12 Jun 2022 | €24.2b | €3.7b | €1.7b | 23.1x | 14.3x | 6.5x |
| Tue, 10 May 2022 | €24.6b | €4.2b | €1.6b | 24.7x | 15.8x | 5.9x |
| Thu, 07 Apr 2022 | €25.0b | €4.2b | €1.5b | 24.9x | 16.2x | 6x |
| Sat, 05 Mar 2022 | €23.4b | €4.2b | €1.5b | 30.7x | 15.8x | 5.6x |
| Mon, 31 Jan 2022 | €24.3b | €3.3b | €746.7m | 29.6x | 32.5x | 7.3x |
| Wed, 29 Dec 2021 | €24.2b | €3.3b | €732.3m | 25.6x | 33.1x | 7.3x |
Price to Earnings Ratio
33.1x
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 6.3x.
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 11% 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 | -2.18% | |
| Real Estate | -0.89% | |
| Hotel and Resort REITs | 1.27% | |
| Residential REITs | 0.44% | |
| Specialized REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Real Estate | -0.28% | |
| Office REITs | -0.68% | |
| Retail REITs | -0.72% | |
| REITS | -2.13% | |
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 32.8%, which is higher than its past year's earnings growth of 13.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings decline of 8.8% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 7.6% 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 | |
|---|---|---|---|---|---|
| CEV Compañía Española de Viviendas en Alquiler | €7.70 | 10.0% +€16.2m | 32.8% | PE10.3x | |
| YMHRE Millenium Hospitality Real Estate SOCIMI | €2.70 | 5.5% +€16.2m | 3.8% | PB0.6x | |
| SNTA Santa Ana Global Enterprises | €19.50 | 9.6% +€11.1m | n/a | n/a | |
| YAI1 All Iron Re I Socimi | €11.00 | 4.8% +€6.6m | 12.2% | PB0.8x | |
| YTST Testa Residencial SOCIMI | €3.14 | 0.6% +€2.6m | -13.3% | PB0.4x |