Aedas Homes (BME:AEDAS) Has No Shortage Of Debt
Mar 18
Spanish (IBEX) Real Estate Industry Analysis
UpdatedMar 25, 2023
DataAggregated Company Financials
Companies31
- 7D1.5%
- 3M-1.5%
- 1Y-11.1%
- YTD-2.1%
Over the last 7 days, the Real Estate industry has risen 1.5%, driven by gains in Urbas Grupo Financiero and Metrovacesa of 11% and 3.4%, respectively. In the past year, the industry is down 11%. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 26 Mar 2023 | €6.1b | €2.1b | €291.7m | 12x | 21.1x | 2.9x |
| Tue, 21 Feb 2023 | €6.3b | €2.1b | €435.3m | 10.1x | 14.5x | 3x |
| Thu, 19 Jan 2023 | €6.4b | €2.1b | €435.3m | 10.1x | 14.6x | 3x |
| Sat, 17 Dec 2022 | €5.7b | €2.1b | €432.4m | 10.1x | 13.2x | 2.7x |
| Mon, 14 Nov 2022 | €6.0b | €2.2b | €457.1m | 10.7x | 13.1x | 2.8x |
| Wed, 12 Oct 2022 | €5.9b | €2.2b | €389.6m | 11.2x | 15.1x | 2.7x |
| Fri, 09 Sep 2022 | €5.9b | €2.1b | €344.2m | 11.8x | 17.2x | 2.9x |
| Sun, 07 Aug 2022 | €5.5b | €2.1b | €344.2m | 11.8x | 16.1x | 2.7x |
| Tue, 05 Jul 2022 | €5.6b | €2.1b | €316.2m | 12.9x | 17.7x | 2.7x |
| Thu, 02 Jun 2022 | €5.7b | €2.1b | €310.9m | 12.5x | 18.4x | 2.8x |
| Sat, 30 Apr 2022 | €5.7b | €2.6b | €282.9m | 12.5x | 20.3x | 2.2x |
| Mon, 28 Mar 2022 | €5.8b | €2.6b | €283.0m | 18.3x | 20.5x | 2.2x |
| Wed, 23 Feb 2022 | €5.5b | €1.9b | €161.0m | 15.9x | 34.3x | 3x |
| Fri, 21 Jan 2022 | €5.6b | €1.9b | €161.9m | 19.5x | 34.4x | 3x |
| Sun, 19 Dec 2021 | €5.6b | €1.8b | €204.0m | 12.2x | 27.4x | 3x |
| Tue, 16 Nov 2021 | €5.8b | €1.7b | €171.3m | 12.6x | 33.6x | 3.5x |
| Thu, 14 Oct 2021 | €5.6b | €1.5b | €142.1m | 12.4x | 39.6x | 3.8x |
| Sat, 11 Sep 2021 | €5.6b | €1.4b | €83.5m | 20x | 67.6x | 4x |
| Mon, 09 Aug 2021 | €5.8b | €1.4b | €98.6m | 17.8x | 58.4x | 4x |
| Sun, 02 May 2021 | €5.6b | €1.5b | -€147,102,358.00 | 15.1x | -37.9x | 3.8x |
| Wed, 03 Feb 2021 | €5.3b | €1.0b | -€247,797,511.00 | 32.2x | -21.3x | 5.1x |
| Sat, 07 Nov 2020 | €4.8b | €1.1b | -€74,155,716.00 | 22.8x | -64.7x | 4.4x |
| Fri, 31 Jul 2020 | €4.6b | €1.1b | -€91,580,069.00 | 28.5x | -50.4x | 4.3x |
| Mon, 04 May 2020 | €4.4b | €1.1b | €71.9m | 13.7x | 60.6x | 3.8x |
Price to Earnings Ratio
63x
Current Industry PE
- Investors are optimistic on the Spanish Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.1x which is higher than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 23% 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 industry?
| ES Market | 0.80% | |
| Real Estate | -0.88% | |
| Real Estate | 1.50% | |
| Real Estate Development | 5.09% | |
| Diversified Real Estate | 0.66% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -0.23% | |
Industry PE
- Investors are most optimistic about the Real Estate Development industry even though it's trading below its 3-year average PE ratio of 860x.
- Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings decline of 48.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 61% 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 | |
|---|---|---|---|---|---|
| UBS Urbas Grupo Financiero | €0.0078 | 11.4% +€35.7m | -43.9% | PE21.4x | |
| MVC Metrovacesa | €7.02 | 3.4% +€34.8m | -9.1% | PS2.1x | |
| AEDAS Aedas Homes | €13.12 | 5.1% +€28.0m | -46.7% | PE7.6x | |
| NYE Nyesa Valores Corporación | €0.012 | 8.8% +€995.7k | -55.7% | PS2x | |
| MTB Montebalito | €1.38 | 0.7% +€314.0k | 6.2% | PE6.9x |
