We Think That There Are Some Issues For Dimand (ATH:DIMAND) Beyond Its Promising Earnings
Apr 13
Greek (ASE) Real Estate Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies11
- 7D6.9%
- 3M1.3%
- 1Y2.8%
- YTD1.8%
LAMDA Development is up 12%, leading the way for the Real Estate industry, which has gained 6.9%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 64% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €4.2b | €564.6m | €218.8m | 13.8x | 19.3x | 7.5x |
| Fri, 22 Mar 2024 | €4.1b | €565.5m | €200.5m | 18.9x | 20.7x | 7.3x |
| Sun, 18 Feb 2024 | €4.2b | €538.1m | €169.0m | 23.4x | 24.7x | 7.7x |
| Tue, 16 Jan 2024 | €4.3b | €563.8m | €193.1m | 18.9x | 22.5x | 7.7x |
| Thu, 14 Dec 2023 | €4.1b | €556.8m | €186.8m | 20.1x | 22.2x | 7.4x |
| Sat, 11 Nov 2023 | €4.0b | €516.3m | €178.2m | 20.4x | 22.5x | 7.8x |
| Mon, 09 Oct 2023 | €3.7b | €457.0m | €124.2m | 18.5x | 30x | 8.1x |
| Wed, 06 Sep 2023 | €3.8b | €437.8m | €156.0m | 10.1x | 24.5x | 8.7x |
| Fri, 04 Aug 2023 | €4.0b | €438.2m | €155.8m | 10.5x | 25.9x | 9.2x |
| Sun, 02 Jul 2023 | €4.1b | €442.3m | €146.1m | 15.2x | 27.7x | 9.2x |
| Tue, 30 May 2023 | €4.0b | €385.2m | €117.7m | 15.2x | 33.9x | 10.4x |
| Thu, 27 Apr 2023 | €4.0b | €384.2m | €116.2m | 16.3x | 34x | 10.3x |
| Sat, 25 Mar 2023 | €4.0b | €320.4m | €146.9m | 10.4x | 27.3x | 12.5x |
| Mon, 20 Feb 2023 | €4.2b | €328.3m | €150.3m | 14.7x | 28.2x | 12.9x |
| Wed, 18 Jan 2023 | €4.1b | €328.3m | €150.3m | 14.3x | 27x | 12.4x |
| Fri, 16 Dec 2022 | €4.1b | €328.3m | €150.3m | 14.9x | 27.2x | 12.5x |
| Sun, 13 Nov 2022 | €4.2b | €320.8m | €162.2m | 15.4x | 25.6x | 12.9x |
| Tue, 11 Oct 2022 | €4.1b | €320.8m | €162.2m | 15.4x | 25.4x | 12.8x |
| Thu, 08 Sep 2022 | €4.3b | €315.7m | €408.9m | 10.8x | 10.4x | 13.5x |
| Sat, 06 Aug 2022 | €4.2b | €315.7m | €408.9m | 10.8x | 10.2x | 13.2x |
| Mon, 04 Jul 2022 | €3.9b | €304.4m | €409.8m | 10.8x | 9.4x | 12.7x |
| Wed, 01 Jun 2022 | €4.1b | €297.8m | €415.0m | 11.1x | 9.8x | 13.6x |
| Fri, 29 Apr 2022 | €3.9b | €295.2m | €414.2m | 9.4x | 9.5x | 13.3x |
| Sun, 27 Mar 2022 | €3.9b | €259.1m | €372.5m | 16.9x | 10.4x | 14.9x |
| Tue, 22 Feb 2022 | €4.2b | €271.1m | €342.2m | 18.1x | 12.4x | 15.6x |
| Thu, 20 Jan 2022 | €4.3b | €271.1m | €342.2m | 16.9x | 12.7x | 16x |
| Sat, 18 Dec 2021 | €3.9b | €271.1m | €342.2m | 14.7x | 11.3x | 14.2x |
| Mon, 15 Nov 2021 | €3.9b | €264.8m | €344.8m | 14.6x | 11.4x | 14.9x |
| Wed, 13 Oct 2021 | €4.0b | €264.8m | €344.8m | 14.7x | 11.6x | 15.1x |
| Fri, 10 Sep 2021 | €4.1b | €240.1m | €24.6m | 49.3x | 167.8x | 17.2x |
| Sun, 08 Aug 2021 | €4.2b | €240.1m | €23.8m | 52.6x | 178.2x | 17.6x |
| Sat, 01 May 2021 | €3.8b | €240.2m | €24.3m | 37.4x | 156.7x | 15.8x |
Price to Earnings Ratio
156.7x
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 19.3x which is lower than its 3-year average PE of 40.5x.
- The 3-year average PS ratio of 12.3x is higher than the industry's current PS ratio of 7.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 108% per year over the last three years.
- Revenues for these companies have grown 33% 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 Greek Real Estate sector?
| GR Market | 6.03% | |
| Real Estate | 6.89% | |
| Real Estate | 8.90% | |
| REITS | 5.74% | |
| Retail REITs | 3.11% | |
| 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 Real Estate industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 64.0%, which is lower than the prior year's growth of 183.7% per year.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 49.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 64% over the next 5 years.
- However this is lower than its past earnings growth rate of 184% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 64% 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 | |
|---|---|---|---|---|---|
| PRODEA Prodea Real Estate Investment Company Société Anonyme | €7.80 | 6.1% +€115.0m | -4.9% | PB1.3x | |
| LAMDA LAMDA Development | €7.03 | 10.2% +€111.9m | 26.0% | PE68.7x | |
| TRESTATES Trade Estates REIC | €1.75 | 4.4% +€8.9m | n/a | PB0.7x | |
| KAMP Reds | €2.70 | 4.7% +€6.9m | 11.6% | PE32.1x | |
| PREMIA Premia Real Estate Investment Company Societe Anonyme | €1.16 | 3.0% +€2.9m | 3.6% | PE13.8x |