Is Now An Opportune Moment To Examine Metrovacesa S.A. (BME:MVC)?
Jul 17
Spanish (IBEX) Real Estate Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies33
- 7D-0.6%
- 3M0.03%
- 1Y2.6%
- YTD0.06%
Over the last 7 days, the Real Estate industry has remained flat, although notably Aedas Homes gained 3.5%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €6.0b | €2.5b | €260.5m | 21.9x | 23.1x | 2.4x |
| Sun, 23 Jun 2024 | €6.4b | €2.5b | €145.4m | 25.5x | 43.8x | 2.6x |
| Tue, 21 May 2024 | €6.1b | €2.3b | €154.3m | 31.7x | 39.6x | 2.6x |
| Thu, 18 Apr 2024 | €5.7b | €2.3b | €109.8m | 31.1x | 51.9x | 2.4x |
| Sat, 16 Mar 2024 | €5.7b | €2.3b | €109.1m | 31.1x | 52x | 2.4x |
| Mon, 12 Feb 2024 | €5.8b | €2.1b | €31.0m | 31.1x | 185.6x | 2.7x |
| Wed, 10 Jan 2024 | €6.3b | €2.2b | €16.7m | 31.1x | 380.5x | 2.9x |
| Fri, 08 Dec 2023 | €6.4b | €2.2b | €11.2m | 31.1x | 570.5x | 2.9x |
| Sun, 05 Nov 2023 | €6.3b | €2.1b | €7.5m | 31.9x | 839x | 3x |
| Tue, 03 Oct 2023 | €6.2b | €2.1b | €15.1m | 26.8x | 412x | 2.9x |
| Thu, 31 Aug 2023 | €6.3b | €2.2b | €44.9m | 22.8x | 139.9x | 2.9x |
| Sat, 29 Jul 2023 | €6.3b | €2.2b | €98.9m | 13.9x | 63.4x | 2.9x |
| Mon, 26 Jun 2023 | €6.3b | €2.2b | €246.5m | 12.6x | 25.6x | 2.9x |
| Wed, 24 May 2023 | €6.1b | €2.0b | €269.3m | 11.4x | 22.6x | 3x |
| Fri, 21 Apr 2023 | €6.2b | €2.1b | €291.7m | 12x | 21.3x | 3x |
| Sun, 19 Mar 2023 | €766.9m | €70.8m | €26.3m | 8.7x | 29.2x | 10.8x |
| Tue, 14 Feb 2023 | €6.3b | €2.1b | €435.3m | 10.1x | 14.6x | 3x |
| Thu, 12 Jan 2023 | €6.3b | €2.1b | €435.3m | 10.1x | 14.4x | 3x |
| Sat, 10 Dec 2022 | €5.8b | €2.1b | €432.2m | 10.1x | 13.4x | 2.7x |
| Mon, 07 Nov 2022 | €6.0b | €2.2b | €457.1m | 10.7x | 13x | 2.7x |
| Wed, 05 Oct 2022 | €5.9b | €2.2b | €389.6m | 11.2x | 15.2x | 2.7x |
| Fri, 02 Sep 2022 | €5.9b | €2.1b | €344.2m | 11.8x | 17.2x | 2.9x |
| Sun, 31 Jul 2022 | €5.5b | €2.1b | €341.6m | 11.8x | 16.2x | 2.7x |
| Tue, 28 Jun 2022 | €5.6b | €2.1b | €315.1m | 13x | 17.7x | 2.7x |
| Thu, 26 May 2022 | €5.6b | €2.1b | €280.5m | 13.3x | 20.1x | 2.6x |
| Sat, 23 Apr 2022 | €5.8b | €2.6b | €282.9m | 12.7x | 20.4x | 2.2x |
| Mon, 21 Mar 2022 | €5.6b | €2.6b | €283.0m | 18.3x | 19.8x | 2.1x |
| Wed, 16 Feb 2022 | €5.5b | €1.9b | €161.0m | 15.8x | 34.2x | 3x |
| Fri, 14 Jan 2022 | €5.5b | €1.9b | €161.9m | 19.8x | 34.1x | 3x |
| Sun, 12 Dec 2021 | €5.7b | €1.8b | €204.0m | 12.2x | 27.7x | 3.1x |
| Tue, 09 Nov 2021 | €5.8b | €1.7b | €169.7m | 12.5x | 33.9x | 3.5x |
| Thu, 07 Oct 2021 | €5.6b | €1.5b | €142.1m | 12.4x | 39.6x | 3.8x |
| Sat, 04 Sep 2021 | €5.7b | €1.4b | €83.5m | 20.4x | 68x | 4x |
| Mon, 02 Aug 2021 | €5.7b | €1.4b | €98.6m | 17.8x | 58x | 4x |
Price to Earnings Ratio
58x
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 23.1x which is lower than its 3-year average PE of 90.3x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 21% 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 | -0.034% | |
| Real Estate | -0.41% | |
| Real Estate | -0.57% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -0.085% | |
| Diversified Real Estate | -0.48% | |
| Real Estate Development | -1.23% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 53.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 9.5% 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 |