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French (CAC) Real Estate Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies60
  • 7D-0.5%
  • 3M0.8%
  • 1Y-11.2%
  • YTD-15.7%

Over the last 7 days, the Real Estate industry has remained flat, although notably Nexity gained 5.2%. As for the longer term, the industry has declined 11% in the last year. In the next few years, earnings are forecast to decline by 9.7% annually.

Sector Valuation and Performance

Has the French Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022€44.7b€19.7b€6.8b9.1x6.6x2.3x
Mon, 31 Oct 2022€42.8b€19.7b€6.8b8.7x6.3x2.2x
Wed, 28 Sep 2022€39.3b€19.7b€6.8b7.4x5.8x2x
Fri, 26 Aug 2022€45.1b€19.7b€6.7b8.4x6.7x2.3x
Sun, 24 Jul 2022€46.6b€19.7b€6.2b10.5x7.5x2.4x
Tue, 21 Jun 2022€45.4b€19.6b€5.3b9.6x8.6x2.3x
Thu, 19 May 2022€49.8b€19.6b€5.3b10.8x9.4x2.5x
Sat, 16 Apr 2022€51.3b€19.6b€5.3b11x9.7x2.6x
Mon, 14 Mar 2022€49.6b€19.4b€5.2b11.1x9.5x2.6x
Wed, 09 Feb 2022€50.7b€19.9b€2.2b11.1x22.7x2.5x
Fri, 07 Jan 2022€53.0b€19.8b€2.1b11.3x25.8x2.7x
Sun, 05 Dec 2021€49.1b€19.8b€2.1b11.5x23.4x2.5x
Tue, 02 Nov 2021€51.4b€19.8b€2.1b10.7x24.3x2.6x
Thu, 30 Sep 2021€51.3b€19.7b€2.1b10.7x24.4x2.6x
Sat, 28 Aug 2021€54.2b€19.6b€2.0b11.2x26.7x2.8x
Sun, 04 Jul 2021€53.0b€19.6b€2.0b11.4x26.1x2.7x
Wed, 07 Apr 2021€47.9b€19.3b€1.1b10.6x43.7x2.5x
Sat, 09 Jan 2021€47.2b€18.9b€165.4m11.1x285.2x2.5x
Fri, 02 Oct 2020€38.8b€19.0b€1.8b9.6x21.1x2x
Mon, 06 Jul 2020€44.5b€19.2b€3.3b10.1x13.5x2.3x
Thu, 09 Apr 2020€43.1b€19.3b€4.3b9.2x9.9x2.2x
Wed, 01 Jan 2020€63.4b€19.3b€5.4b10.5x11.8x3.3x
Price to Earnings Ratio

12.2x


Total Market Cap: €61.3bTotal Earnings: €5.0bTotal Revenue: €18.7bTotal Market Cap vs Earnings and Revenue0%0%0%
French Real Estate Sector Price to Earnings3Y Average 40.1x202020212022
Current Industry PE
  • Investors are pessimistic on the French 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 6.6x which is lower than its 3-year average PE of 40.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the French Real Estate sector?

FR Market0.83%
Real Estate-0.47%
Real Estate1.25%
REITS-0.70%
Industry PE
  • Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 11.6x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 16.5% per year.
  • Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.43x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the REITS industry is expected to see its earnings decline by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NXI Nexity€25.085.2%
+€68.8m
-35.0%PB0.8x
FLY Société Foncière Lyonnaise€85.001.4%
+€51.4m
7.6%PB0.8x
MLVIN Foncière Vindi Société Anonyme€3.4839.2%
+€19.4m
47.5%n/a
ICAD Icade€39.880.4%
+€12.1m
-35.4%PB0.4x
CBSM Société Centrale des Bois et des Scieries de la Manche€9.859.4%
+€10.8m
-0.5%PB0.5x
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Latest News

ICAD

€39.88

Icade

7D

0.4%

1Y

-35.4%

ARG

€78.20

Argan

7D

-1.6%

1Y

-28.4%

PAR

€63.00

Paref

7D

5.0%

1Y

22.3%

NXI

€25.08

Nexity

7D

5.2%

1Y

-35.0%

GFC

€95.55

Gecina Société anonyme

7D

-0.4%

1Y

-17.7%

FLY

€85.00

Société Foncière Lyonnaise

7D

1.4%

1Y

7.6%

MERY

€9.30

Mercialys

7D

-3.1%

1Y

12.6%

CARM

€13.56

Carmila

7D

-2.4%

1Y

16.1%

COV

€56.10

Covivio

7D

-1.6%

1Y

-21.0%

LI

€22.07

Klépierre

7D

-1.1%

1Y

17.5%

COVH

€15.00

Covivio Hotels

7D

-2.3%

1Y

-6.3%

EIFF

€19.60

Société de la Tour Eiffel

7D

1.3%

1Y

-31.5%

MLMAB

€184.00

Maison Antoine Baud Société Anonyme

7D

15.0%

1Y

-27.0%