BASSAC Société anonyme's (EPA:BASS) Soft Earnings Don't Show The Whole Picture
Apr 24
French (CAC) Real Estate Sector Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies84
- 7D1.9%
- 3M4.6%
- 1Y5.7%
- YTD0.003%
Over the last 7 days, the Real Estate industry has risen 1.9%, driven by gains from Gecina of 1.7%. This means that the industry has gained 5.7% over the past year. As for the next few years, earnings are expected to grow by 73% per annum.
Sector Valuation and Performance
Has the French Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 May 2024 | €54.6b | €21.9b | -€7,803,669,966.00 | 18.7x | -7x | 2.5x |
| Mon, 08 Apr 2024 | €51.9b | €21.8b | -€7,723,153,446.00 | 16.9x | -6.7x | 2.4x |
| Wed, 06 Mar 2024 | €50.0b | €21.7b | -€7,412,919,446.00 | 15.5x | -6.7x | 2.3x |
| Fri, 02 Feb 2024 | €52.6b | €22.9b | -€2,886,689,446.00 | 14.7x | -18.2x | 2.3x |
| Sun, 31 Dec 2023 | €54.6b | €22.8b | -€3,124,128,940.00 | 15x | -17.5x | 2.4x |
| Tue, 28 Nov 2023 | €50.2b | €23.0b | -€3,071,028,870.00 | 13.2x | -16.4x | 2.2x |
| Thu, 26 Oct 2023 | €44.2b | €22.9b | -€3,048,910,167.00 | 12.5x | -14.5x | 1.9x |
| Sat, 23 Sep 2023 | €48.4b | €23.0b | -€3,019,100,503.00 | 14x | -16x | 2.1x |
| Mon, 21 Aug 2023 | €47.9b | €22.9b | -€2,400,600,503.00 | 12.6x | -19.9x | 2.1x |
| Wed, 19 Jul 2023 | €50.7b | €23.2b | €3.7b | 13.5x | 13.9x | 2.2x |
| Fri, 16 Jun 2023 | €48.9b | €23.2b | €3.7b | 9.8x | 13.2x | 2.1x |
| Sun, 14 May 2023 | €48.8b | €23.2b | €3.7b | 9.8x | 13.3x | 2.1x |
| Tue, 11 Apr 2023 | €44.2b | €20.4b | €3.7b | 9.8x | 12x | 2.2x |
| Thu, 09 Mar 2023 | €47.6b | €20.0b | €3.8b | 9.5x | 12.6x | 2.4x |
| Sat, 04 Feb 2023 | €48.5b | €19.7b | €6.2b | 8.5x | 7.8x | 2.5x |
| Mon, 02 Jan 2023 | €44.2b | €19.7b | €6.8b | 8.3x | 6.5x | 2.2x |
| Wed, 30 Nov 2022 | €44.7b | €19.7b | €6.8b | 8.9x | 6.6x | 2.3x |
| Fri, 28 Oct 2022 | €42.8b | €19.7b | €6.8b | 8.7x | 6.3x | 2.2x |
| Sun, 25 Sep 2022 | €40.6b | €19.7b | €6.8b | 7.6x | 6x | 2.1x |
| Tue, 23 Aug 2022 | €45.5b | €19.7b | €6.7b | 8.5x | 6.8x | 2.3x |
| Thu, 21 Jul 2022 | €45.8b | €19.4b | €5.7b | 9.4x | 8.1x | 2.4x |
| Sat, 18 Jun 2022 | €45.1b | €19.6b | €5.3b | 9.4x | 8.5x | 2.3x |
| Mon, 16 May 2022 | €48.7b | €19.6b | €5.3b | 10.5x | 9.2x | 2.5x |
| Wed, 13 Apr 2022 | €50.8b | €19.6b | €5.3b | 11.3x | 9.6x | 2.6x |
| Fri, 11 Mar 2022 | €48.9b | €19.4b | €5.2b | 11.1x | 9.4x | 2.5x |
| Sun, 06 Feb 2022 | €51.1b | €19.9b | €2.2b | 11.1x | 22.9x | 2.6x |
| Tue, 04 Jan 2022 | €52.5b | €19.8b | €2.1b | 11.5x | 25.6x | 2.6x |
| Thu, 02 Dec 2021 | €49.7b | €19.8b | €2.1b | 11.8x | 23.7x | 2.5x |
| Sat, 30 Oct 2021 | €51.7b | €19.8b | €2.1b | 10.8x | 24.5x | 2.6x |
| Mon, 27 Sep 2021 | €52.1b | €19.7b | €2.1b | 10.7x | 24.8x | 2.6x |
| Wed, 25 Aug 2021 | €53.4b | €19.6b | €2.0b | 11.1x | 26.3x | 2.7x |
| Thu, 01 Jul 2021 | €53.0b | €19.6b | €2.0b | 11.4x | 26.1x | 2.7x |
Price to Earnings Ratio
48.2x
Current Industry PE
- Investors are relatively neutral on the French 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 2.4x.
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 4.3% 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 French Real Estate sector?
| FR Market | 3.32% | |
| Real Estate | 1.87% | |
| Residential REITs | 8.26% | |
| REITS | 3.15% | |
| Office REITs | 2.46% | |
| Real Estate | 2.25% | |
| Retail REITs | 0.86% | |
| Industrial REITs | 0.37% | |
| Hotel and Resort REITs | 0.33% | |
| Specialized REITs | 0% | |
| Health Care REITs | 0% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 10.5x.
- 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 REITS industry, expecting annual earnings growth of 117% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 40% 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 | |
|---|---|---|---|---|---|
| GFC Gecina | €100.00 | 1.4% +€99.7m | 4.4% | PB0.7x | |
| BASS BASSAC Société anonyme | €49.10 | 9.6% +€70.5m | -3.7% | PE12.4x | |
| CARM Carmila | €16.40 | 2.6% +€59.7m | 12.9% | PB0.7x | |
| ALTA Altarea | €96.80 | 2.3% +€45.3m | -16.8% | PB1.1x | |
| ICAD Icade | €26.64 | 1.8% +€36.4m | -33.2% | PB0.4x |