Investors Still Waiting For A Pull Back In Y.H. Dimri Construction & Development Ltd (TLV:DIMRI)
Apr 25
Israeli (TA) Real Estate Sector Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies69
- 7D1.3%
- 3M2.2%
- 1Y7.5%
- YTD-5.7%
Over the last 7 days, the Real Estate industry has risen 1.3%, driven by gains in Azrieli Group and Israel Canada (T.R) of 1.5% and 8.8%, respectively. This takes the industry's 12 month performance to a gain of 7.5%. As for the next few years, earnings are expected to grow by 26% per annum.
Sector Valuation and Performance
Has the Israeli Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | ₪162.5b | ₪38.7b | ₪4.6b | 11.9x | 35.3x | 4.2x |
| Mon, 01 Apr 2024 | ₪170.0b | ₪38.7b | ₪2.8b | 12x | 60.2x | 4.4x |
| Wed, 28 Feb 2024 | ₪168.3b | ₪37.4b | ₪3.2b | 10x | 52x | 4.5x |
| Fri, 26 Jan 2024 | ₪159.2b | ₪37.5b | ₪3.6b | 9x | 43.6x | 4.2x |
| Sun, 24 Dec 2023 | ₪164.3b | ₪37.6b | ₪4.1b | 9.6x | 40x | 4.4x |
| Tue, 21 Nov 2023 | ₪142.8b | ₪37.8b | ₪6.4b | 8.5x | 22.2x | 3.8x |
| Thu, 19 Oct 2023 | ₪130.7b | ₪37.9b | ₪6.4b | 7.9x | 20.5x | 3.4x |
| Sat, 16 Sep 2023 | ₪145.5b | ₪38.3b | ₪6.9b | 8.3x | 21x | 3.8x |
| Mon, 14 Aug 2023 | ₪150.2b | ₪38.4b | ₪10.6b | 7.4x | 14.2x | 3.9x |
| Wed, 12 Jul 2023 | ₪151.7b | ₪38.3b | ₪11.0b | 7.1x | 13.8x | 4x |
| Fri, 09 Jun 2023 | ₪146.9b | ₪39.0b | ₪12.5b | 7.2x | 11.8x | 3.8x |
| Sun, 07 May 2023 | ₪150.2b | ₪38.1b | ₪14.6b | 6.9x | 10.3x | 3.9x |
| Tue, 04 Apr 2023 | ₪139.8b | ₪37.5b | ₪15.2b | 6.3x | 9.2x | 3.7x |
| Thu, 02 Mar 2023 | ₪139.5b | ₪38.2b | ₪24.5b | 5.1x | 5.7x | 3.7x |
| Sat, 28 Jan 2023 | ₪155.3b | ₪37.9b | ₪24.9b | 5.8x | 6.2x | 4.1x |
| Mon, 26 Dec 2022 | ₪154.4b | ₪37.9b | ₪24.9b | 5.4x | 6.2x | 4.1x |
| Wed, 23 Nov 2022 | ₪174.2b | ₪36.9b | ₪26.1b | 5.9x | 6.7x | 4.7x |
| Fri, 21 Oct 2022 | ₪172.8b | ₪36.9b | ₪26.4b | 6.3x | 6.5x | 4.7x |
| Sun, 18 Sep 2022 | ₪187.9b | ₪36.4b | ₪26.4b | 7x | 7.1x | 5.2x |
| Tue, 16 Aug 2022 | ₪209.2b | ₪35.4b | ₪24.5b | 8.7x | 8.5x | 5.9x |
| Thu, 14 Jul 2022 | ₪179.8b | ₪35.1b | ₪23.0b | 7.6x | 7.8x | 5.1x |
| Sat, 11 Jun 2022 | ₪176.0b | ₪32.3b | ₪22.5b | 7.5x | 7.8x | 5.4x |
| Mon, 09 May 2022 | ₪190.5b | ₪33.1b | ₪22.5b | 8.4x | 8.5x | 5.8x |
| Wed, 06 Apr 2022 | ₪218.1b | ₪32.4b | ₪22.1b | 9.9x | 9.9x | 6.7x |
| Fri, 04 Mar 2022 | ₪207.2b | ₪32.2b | ₪12.6b | 15.9x | 16.5x | 6.4x |
| Sun, 30 Jan 2022 | ₪215.8b | ₪32.3b | ₪12.0b | 16.8x | 18x | 6.7x |
| Tue, 28 Dec 2021 | ₪208.0b | ₪32.2b | ₪11.9b | 16.7x | 17.5x | 6.5x |
| Thu, 25 Nov 2021 | ₪200.6b | ₪31.0b | ₪11.1b | 17.2x | 18.1x | 6.5x |
| Sat, 23 Oct 2021 | ₪185.7b | ₪30.9b | ₪9.9b | 15.5x | 18.7x | 6x |
| Mon, 20 Sep 2021 | ₪185.1b | ₪30.8b | ₪9.8b | 15.5x | 18.8x | 6x |
| Wed, 18 Aug 2021 | ₪169.8b | ₪30.6b | ₪9.4b | 14.4x | 18x | 5.5x |
| Wed, 02 Jun 2021 | ₪166.0b | ₪29.0b | ₪6.9b | 18x | 24.2x | 5.7x |
Price to Earnings Ratio
24.2x
Current Industry PE
- Investors are optimistic on the Israeli Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.3x which is higher than its 3-year average PE of 17.9x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% 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 Israeli Real Estate sector?
| IL Market | 0.17% | |
| Real Estate | 1.29% | |
| REITS | 3.71% | |
| Residential REITs | 2.52% | |
| Real Estate | 1.19% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail 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 of 19.8x.
- Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings decline of 41.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| AZRG Azrieli Group | ₪246.10 | 1.5% +₪436.6m | 11.9% | PE13.4x | |
| ISCN Israel Canada (T.R) | ₪14.50 | 8.8% +₪377.4m | 81.5% | PS8.5x | |
| MVNE Mivne Real Estate (K.D) | ₪9.22 | 3.1% +₪212.3m | -11.6% | PE20.9x | |
| DIMRI Y.H. Dimri Construction & Development | ₪297.50 | 3.7% +₪200.2m | 35.7% | PE22.4x | |
| ARPT Airport City | ₪58.13 | 2.5% +₪173.3m | 11.7% | PE28.4x |
