Greek (ASE) Real Estate Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies11
- 7D1.2%
- 3M2.2%
- 1Y-3.6%
- YTD-3.0%
Over the last 7 days, the Real Estate industry has remained flat. Unfortunately though, the industry is down 5.1% over the past 12 months. As for the next few years, earnings are expected to grow by 87% per annum.
Sector Valuation and Performance
Has the Greek Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | €4.2b | €556.8m | €186.8m | 20.5x | 22.2x | 7.5x |
| Mon, 30 Oct 2023 | €3.8b | €516.0m | €178.5m | 20.4x | 21x | 7.3x |
| Wed, 27 Sep 2023 | €3.7b | €438.0m | €154.3m | 10.3x | 23.9x | 8.4x |
| Fri, 25 Aug 2023 | €3.9b | €437.4m | €155.6m | 10.1x | 25.1x | 8.9x |
| Sun, 23 Jul 2023 | €4.1b | €437.5m | €144.5m | 14.6x | 28.1x | 9.3x |
| Tue, 20 Jun 2023 | €4.0b | €442.3m | €146.1m | 15.2x | 27.6x | 9.1x |
| Thu, 18 May 2023 | €3.9b | €384.2m | €116.2m | 16.3x | 34x | 10.3x |
| Sat, 15 Apr 2023 | €4.0b | €384.2m | €116.2m | 16.3x | 34.3x | 10.4x |
| Mon, 13 Mar 2023 | €4.2b | €328.3m | €150.3m | 14.7x | 27.7x | 12.7x |
| Wed, 08 Feb 2023 | €4.0b | €328.3m | €150.3m | 13.6x | 26.9x | 12.3x |
| Fri, 06 Jan 2023 | €4.1b | €328.3m | €150.3m | 14.3x | 27.2x | 12.5x |
| Sun, 04 Dec 2022 | €4.1b | €328.3m | €150.3m | 14.9x | 27.3x | 12.5x |
| Tue, 01 Nov 2022 | €4.2b | €320.8m | €162.2m | 15.4x | 25.9x | 13.1x |
| Thu, 29 Sep 2022 | €4.1b | €303.3m | €394.3m | 11.5x | 10.4x | 13.5x |
| Sat, 27 Aug 2022 | €4.3b | €315.7m | €408.9m | 10.8x | 10.6x | 13.7x |
| Mon, 25 Jul 2022 | €4.1b | €315.7m | €408.9m | 10.8x | 10.1x | 13.1x |
| Wed, 22 Jun 2022 | €3.9b | €304.4m | €409.8m | 10.7x | 9.6x | 12.9x |
| Fri, 20 May 2022 | €3.9b | €296.0m | €413.6m | 10.9x | 9.5x | 13.3x |
| Sun, 17 Apr 2022 | €4.0b | €283.6m | €400.0m | 9.6x | 9.9x | 13.9x |
| Tue, 15 Mar 2022 | €4.1b | €271.1m | €342.2m | 17.4x | 12x | 15.1x |
| Thu, 10 Feb 2022 | €4.3b | €271.1m | €342.2m | 18.2x | 12.5x | 15.8x |
| Sat, 08 Jan 2022 | €4.1b | €271.1m | €342.2m | 15.3x | 12x | 15.2x |
| Mon, 06 Dec 2021 | €3.8b | €266.7m | €343.7m | 14.7x | 11.1x | 14.4x |
| Wed, 03 Nov 2021 | €3.9b | €264.8m | €344.8m | 14.7x | 11.4x | 14.9x |
| Fri, 01 Oct 2021 | €4.0b | €243.6m | €27.7m | 43.1x | 143.7x | 16.3x |
| Sun, 29 Aug 2021 | €4.3b | €240.1m | €23.8m | 52.6x | 179.1x | 17.7x |
| Mon, 05 Jul 2021 | €3.9b | €240.1m | €23.8m | 38.1x | 162.3x | 16.1x |
| Thu, 08 Apr 2021 | €3.9b | €240.2m | €24.3m | 36.4x | 162.5x | 16.4x |
| Sun, 10 Jan 2021 | €3.8b | €257.3m | €30.5m | 33x | 123.9x | 14.7x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are pessimistic on the Greek 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 22.0x which is lower than its 3-year average PE of 53.4x.
- The 3-year average PS ratio of 13.2x is higher than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 31% 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 Greek Real Estate sector?
| GR Market | 1.38% | |
| Real Estate | 1.23% | |
| Real Estate | 2.12% | |
| REITS | 0.60% | |
| Retail REITs | 0.41% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Office REITs | 0% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 27.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the REITS industry, which is trading close to its 3-year average of 17.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 87% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 87% 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 | |
|---|---|---|---|---|---|
| LAMDA Lamda Development | €6.85 | 3.0% +€34.3m | 21.2% | PE67.1x | |
| PRODEA Prodea Real Estate Investment Company Société Anonyme | €7.35 | 0.7% +€12.8m | -15.5% | PB1.3x | |
| KAMP Reds | €2.43 | 1.7% +€2.3m | -2.0% | PE22.1x | |
| PREMIA Premia Real Estate Investment Company Societe Anonyme | €1.18 | 2.1% +€2.1m | 15.3% | PE7.6x | |
| TRESTATES Trade Estates REIC | €1.78 | 0.3% +€626.7k | n/a | n/a |