It's A Story Of Risk Vs Reward With Renta Corporación Real Estate, S.A. (BME:REN)
Apr 11
Spanish (IBEX) Real Estate Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies26
- 7D-0.3%
- 3M-1.4%
- 1Y1.7%
- YTD-1.8%
The Real Estate industry has been flat over the last week, but Urbas Grupo Financiero has lost 7.0%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Spanish Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | €5.7b | €2.3b | €109.9m | 31.1x | 51.7x | 2.4x |
| Wed, 20 Mar 2024 | €5.8b | €2.4b | €127.6m | 31.1x | 45.2x | 2.5x |
| Fri, 16 Feb 2024 | €5.7b | €2.1b | €31.0m | 31.1x | 184.3x | 2.7x |
| Sun, 14 Jan 2024 | €6.3b | €2.2b | €16.7m | 31.1x | 380.4x | 2.9x |
| Tue, 12 Dec 2023 | €6.4b | €2.2b | €11.2m | 31.1x | 570.1x | 2.9x |
| Thu, 09 Nov 2023 | €6.3b | €2.2b | €12.1m | 31.1x | 520.4x | 2.9x |
| Sat, 07 Oct 2023 | €6.2b | €2.1b | €15.1m | 25.3x | 408.5x | 2.9x |
| Mon, 04 Sep 2023 | €6.3b | €2.2b | €44.9m | 22.9x | 140.9x | 2.9x |
| Wed, 02 Aug 2023 | €6.2b | €2.2b | €59.8m | 12.6x | 103.8x | 2.9x |
| Fri, 30 Jun 2023 | €6.4b | €2.2b | €247.0m | 13x | 25.7x | 2.9x |
| Sun, 28 May 2023 | €6.1b | €2.0b | €269.3m | 11.3x | 22.7x | 3x |
| Tue, 25 Apr 2023 | €6.2b | €2.1b | €291.7m | 12x | 21.2x | 3x |
| Thu, 23 Mar 2023 | €6.1b | €2.1b | €291.7m | 12x | 20.9x | 2.9x |
| Sat, 18 Feb 2023 | €6.3b | €2.1b | €435.3m | 10.1x | 14.5x | 3x |
| Mon, 16 Jan 2023 | €6.4b | €2.1b | €435.3m | 10.1x | 14.6x | 3x |
| Wed, 14 Dec 2022 | €5.7b | €2.1b | €432.2m | 10.1x | 13.2x | 2.7x |
| Fri, 11 Nov 2022 | €6.0b | €2.2b | €457.1m | 10.7x | 13.1x | 2.8x |
| Sun, 09 Oct 2022 | €5.9b | €2.2b | €389.6m | 11.2x | 15.1x | 2.7x |
| Tue, 06 Sep 2022 | €5.9b | €2.1b | €344.2m | 11.8x | 17.3x | 2.9x |
| Thu, 04 Aug 2022 | €5.6b | €2.1b | €343.0m | 11.8x | 16.2x | 2.7x |
| Sat, 02 Jul 2022 | €5.6b | €2.1b | €316.2m | 12.9x | 17.8x | 2.7x |
| Mon, 30 May 2022 | €5.7b | €2.1b | €310.9m | 12.5x | 18.4x | 2.8x |
| Wed, 27 Apr 2022 | €5.7b | €2.6b | €282.9m | 12.5x | 20.3x | 2.2x |
| Fri, 25 Mar 2022 | €5.8b | €2.6b | €283.0m | 18.3x | 20.6x | 2.2x |
| Sun, 20 Feb 2022 | €5.6b | €1.9b | €161.0m | 15.9x | 35x | 3x |
| Tue, 18 Jan 2022 | €5.5b | €1.9b | €161.9m | 19.5x | 34.1x | 3x |
| Thu, 16 Dec 2021 | €5.6b | €1.8b | €204.0m | 12.2x | 27.3x | 3x |
| Sat, 13 Nov 2021 | €5.8b | €1.7b | €169.7m | 12.6x | 34x | 3.5x |
| Mon, 11 Oct 2021 | €5.6b | €1.5b | €142.1m | 12.4x | 39.7x | 3.8x |
| Wed, 08 Sep 2021 | €5.6b | €1.4b | €83.5m | 20.2x | 67.6x | 4x |
| Fri, 06 Aug 2021 | €5.8b | €1.4b | €98.6m | 17.8x | 58.7x | 4.1x |
| Mon, 10 May 2021 | €5.6b | €1.5b | -€147,102,358.00 | 15.1x | -37.9x | 3.8x |
Price to Earnings Ratio
-37.9x
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 51.7x which is lower than its 3-year average PE of 86.7x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 16% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Spanish Real Estate industry?
| ES Market | 0.46% | |
| Real Estate | 0.55% | |
| Real Estate | -0.26% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -0.07% | |
| Real Estate Development | -0.49% | |
| Diversified Real Estate | -0.89% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 48.2x.
- 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 Diversified Real Estate industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 3.0% 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 | €17.74 | 1.4% +€10.4m | 26.0% | PE6.8x | |
| REN Renta Corporación Real Estate | €0.84 | 3.7% +€966.4k | -41.1% | PS0.6x |