Subdued Growth No Barrier To Africa Israel Residences Ltd's (TLV:AFRE) Price
Jan 29
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Israeli (TA) Real Estate Sector Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies71
- 7D-1.9%
- 3M11.6%
- 1Y23.2%
- YTD2.0%
Over the last 7 days, the Real Estate industry has dropped 1.9%, driven by Azrieli Group declining 4.3%. Meanwhile, Alony-Hetz Properties & Investments actually outperformed within the industry, gaining 7.0% in the last week. Over the past 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Thu, 30 Jan 2025 | ₪208.5b | ₪43.0b | ₪9.8b | 16.1x | 21.2x | 4.9x |
| Sat, 28 Dec 2024 | ₪202.3b | ₪42.9b | ₪9.9b | 15.4x | 20.5x | 4.7x |
| Mon, 25 Nov 2024 | ₪193.8b | ₪41.3b | ₪8.5b | 14.8x | 22.9x | 4.7x |
| Wed, 23 Oct 2024 | ₪176.5b | ₪39.9b | ₪7.0b | 12.9x | 25.2x | 4.4x |
| Fri, 20 Sep 2024 | ₪160.3b | ₪39.9b | ₪6.9b | 11.9x | 23.1x | 4x |
| Sun, 18 Aug 2024 | ₪165.0b | ₪39.2b | ₪6.3b | 12.5x | 26x | 4.2x |
| Tue, 16 Jul 2024 | ₪167.3b | ₪38.7b | ₪5.8b | 12.9x | 28.7x | 4.3x |
| Thu, 13 Jun 2024 | ₪152.3b | ₪39.0b | ₪6.0b | 11.2x | 25.3x | 3.9x |
| Sat, 11 May 2024 | ₪164.7b | ₪38.7b | ₪4.6b | 12.2x | 35.8x | 4.3x |
| Mon, 08 Apr 2024 | ₪164.5b | ₪38.9b | ₪3.3b | 11.9x | 49.6x | 4.2x |
| Wed, 06 Mar 2024 | ₪168.1b | ₪37.9b | ₪3.4b | 10.3x | 49.6x | 4.4x |
| Fri, 02 Feb 2024 | ₪159.9b | ₪37.4b | ₪3.7b | 9.3x | 43.7x | 4.3x |
| Sun, 31 Dec 2023 | ₪162.0b | ₪37.6b | ₪4.1b | 9.3x | 39.4x | 4.3x |
| Tue, 28 Nov 2023 | ₪147.6b | ₪37.5b | ₪5.0b | 8.8x | 29.5x | 3.9x |
| Thu, 26 Oct 2023 | ₪125.3b | ₪37.9b | ₪6.4b | 7.5x | 19.6x | 3.3x |
| Sat, 23 Sep 2023 | ₪148.6b | ₪37.8b | ₪6.4b | 8.7x | 23.1x | 3.9x |
| Mon, 21 Aug 2023 | ₪146.2b | ₪38.5b | ₪8.3b | 8x | 17.7x | 3.8x |
| Wed, 19 Jul 2023 | ₪157.1b | ₪38.3b | ₪10.9b | 7.3x | 14.4x | 4.1x |
| Fri, 16 Jun 2023 | ₪154.9b | ₪38.1b | ₪11.3b | 7.4x | 13.7x | 4.1x |
| Sun, 14 May 2023 | ₪150.3b | ₪38.1b | ₪14.6b | 7.2x | 10.3x | 3.9x |
| Tue, 11 Apr 2023 | ₪141.7b | ₪37.7b | ₪14.8b | 6.2x | 9.6x | 3.8x |
| Thu, 09 Mar 2023 | ₪145.1b | ₪38.1b | ₪24.3b | 5.3x | 6x | 3.8x |
| Sat, 04 Feb 2023 | ₪163.4b | ₪38.0b | ₪24.6b | 5.9x | 6.6x | 4.3x |
| Mon, 02 Jan 2023 | ₪156.6b | ₪37.9b | ₪24.8b | 5.2x | 6.3x | 4.1x |
| Wed, 30 Nov 2022 | ₪168.9b | ₪37.0b | ₪26.2b | 5.9x | 6.5x | 4.6x |
| Fri, 28 Oct 2022 | ₪175.2b | ₪36.8b | ₪26.4b | 6.3x | 6.6x | 4.8x |
| Sun, 25 Sep 2022 | ₪182.7b | ₪36.8b | ₪26.4b | 6.8x | 6.9x | 5x |
| Tue, 23 Aug 2022 | ₪201.3b | ₪34.8b | ₪25.3b | 8.1x | 8x | 5.8x |
| Thu, 21 Jul 2022 | ₪187.2b | ₪35.1b | ₪23.8b | 7.7x | 7.9x | 5.3x |
| Sat, 18 Jun 2022 | ₪164.1b | ₪34.6b | ₪22.7b | 7x | 7.2x | 4.7x |
| Mon, 16 May 2022 | ₪188.7b | ₪33.1b | ₪22.5b | 8x | 8.4x | 5.7x |
| Wed, 13 Apr 2022 | ₪209.0b | ₪32.3b | ₪22.5b | 9.1x | 9.3x | 6.5x |
| Fri, 11 Mar 2022 | ₪205.2b | ₪32.5b | ₪13.2b | 15.7x | 15.5x | 6.3x |
| Sun, 06 Feb 2022 | ₪219.1b | ₪32.3b | ₪12.3b | 17.7x | 17.9x | 6.8x |
Price to Earnings Ratio
17.9x
Current Industry PE
- Investors are relatively neutral on the Israeli 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 PE ratio of 19.6x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 7.1% 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 | -0.66% | |
| Real Estate | -1.87% | |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Office REITs | 0% | 0 |
| Real Estate | -1.80% | |
| REITS | -3.12% | |
| Residential REITs | -5.37% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 10.8x.
- 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 39% 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 | |
|---|---|---|---|---|---|
| ALHE Alony-Hetz Properties & Investments | ₪32.30 | 3.3% +₪219.2m | 16.6% | PS8.5x | |
| MLSR Melisron | ₪339.00 | 0.8% +₪123.7m | 27.0% | PE12x | |
| ARGO ARGO Properties | ₪106.00 | 5.6% +₪101.4m | 57.3% | PS15.6x | |
| GVYM Gav-Yam Lands | ₪30.73 | 1.3% +₪83.7m | 6.9% | PE15x | |
| AMRM Amram Avraham Construction | ₪33.86 | 2.6% +₪63.8m | n/a | PE31.5x |
