Calculating The Intrinsic Value Of Melisron Ltd. (TLV:MLSR)
Apr 24
Israeli (TA) Real Estate Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies64
- 7D0.5%
- 3M0.5%
- 1Y14.0%
- YTD-6.7%
Over the last 7 days, the Real Estate industry has remained flat. The past year has been better, since the industry has gained 14% in that time. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Israeli Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | ₪153.6b | ₪37.6b | ₪3.7b | 12.1x | 41.1x | 4.1x |
| Sun, 24 Mar 2024 | ₪166.1b | ₪37.9b | ₪2.3b | 12.2x | 73.2x | 4.4x |
| Tue, 20 Feb 2024 | ₪158.0b | ₪36.3b | ₪2.4b | 10.7x | 65.7x | 4.4x |
| Thu, 18 Jan 2024 | ₪150.8b | ₪36.4b | ₪2.8b | 9.4x | 54.1x | 4.1x |
| Sat, 16 Dec 2023 | ₪151.0b | ₪36.5b | ₪3.3b | 9.4x | 46.3x | 4.1x |
| Mon, 13 Nov 2023 | ₪132.5b | ₪36.8b | ₪5.5b | 8.7x | 24.1x | 3.6x |
| Wed, 11 Oct 2023 | ₪128.4b | ₪36.8b | ₪5.5b | 8.5x | 23.2x | 3.5x |
| Fri, 08 Sep 2023 | ₪138.9b | ₪37.3b | ₪6.1b | 8.4x | 22.8x | 3.7x |
| Sun, 06 Aug 2023 | ₪143.7b | ₪37.3b | ₪9.6b | 7.7x | 14.9x | 3.9x |
| Tue, 04 Jul 2023 | ₪142.7b | ₪37.3b | ₪9.9b | 7.7x | 14.5x | 3.8x |
| Thu, 01 Jun 2023 | ₪134.8b | ₪37.9b | ₪11.0b | 7.4x | 12.3x | 3.6x |
| Sat, 29 Apr 2023 | ₪134.3b | ₪37.1b | ₪13.3b | 6.5x | 10.1x | 3.6x |
| Mon, 27 Mar 2023 | ₪135.4b | ₪34.9b | ₪17.1b | 6.2x | 7.9x | 3.9x |
| Wed, 22 Feb 2023 | ₪137.6b | ₪37.1b | ₪23.1b | 5.6x | 5.9x | 3.7x |
| Fri, 20 Jan 2023 | ₪157.7b | ₪36.9b | ₪23.4b | 6.1x | 6.8x | 4.3x |
| Sun, 18 Dec 2022 | ₪156.8b | ₪35.4b | ₪23.3b | 5.9x | 6.7x | 4.4x |
| Tue, 15 Nov 2022 | ₪166.9b | ₪35.9b | ₪24.9b | 6.1x | 6.7x | 4.7x |
| Thu, 13 Oct 2022 | ₪166.7b | ₪36.0b | ₪25.0b | 6.7x | 6.7x | 4.6x |
| Sat, 10 Sep 2022 | ₪183.1b | ₪35.1b | ₪25.1b | 7.2x | 7.3x | 5.2x |
| Mon, 08 Aug 2022 | ₪183.9b | ₪34.5b | ₪22.9b | 8.1x | 8x | 5.3x |
| Wed, 06 Jul 2022 | ₪169.4b | ₪34.3b | ₪21.8b | 7.6x | 7.8x | 4.9x |
| Fri, 03 Jun 2022 | ₪180.5b | ₪33.6b | ₪21.4b | 8.2x | 8.4x | 5.4x |
| Sun, 01 May 2022 | ₪207.5b | ₪32.6b | ₪21.9b | 9x | 9.5x | 6.4x |
| Tue, 29 Mar 2022 | ₪202.9b | ₪29.2b | ₪19.5b | 10.5x | 10.4x | 6.9x |
| Thu, 24 Feb 2022 | ₪203.8b | ₪31.7b | ₪11.9b | 15.5x | 17.1x | 6.4x |
| Sat, 22 Jan 2022 | ₪216.8b | ₪31.8b | ₪11.5b | 17.5x | 18.9x | 6.8x |
| Mon, 20 Dec 2021 | ₪197.1b | ₪31.7b | ₪11.4b | 16.2x | 17.2x | 6.2x |
| Wed, 17 Nov 2021 | ₪191.8b | ₪30.5b | ₪9.8b | 16.9x | 19.6x | 6.3x |
| Fri, 15 Oct 2021 | ₪178.6b | ₪30.4b | ₪9.6b | 15.4x | 18.6x | 5.9x |
| Sun, 12 Sep 2021 | ₪177.5b | ₪30.3b | ₪9.5b | 14.8x | 18.6x | 5.9x |
| Tue, 10 Aug 2021 | ₪157.9b | ₪30.2b | ₪9.1b | 13.4x | 17.3x | 5.2x |
| Mon, 03 May 2021 | ₪149.4b | ₪28.5b | ₪6.6b | 16.7x | 22.5x | 5.2x |
Price to Earnings Ratio
22.5x
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 41.1x which is higher than its 3-year average PE of 19.7x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.7% 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 industry?
| IL Market | 0.84% | |
| Real Estate | 0.55% | |
| Real Estate | 0.54% | |
| Real Estate Operating Companies | 0.59% | |
| Real Estate Development | 0.37% | |
| Diversified Real Estate | 0.36% | |
| Real Estate Services | 0% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 32.2x.
- Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings decline of 40.5% per year.
- Investors are most pessimistic about the Real Estate Development industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies 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 Operating Companies 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 | ₪242.50 | 0.8% +₪230.4m | 15.5% | PE13.2x | |
| BIG BIG Shopping Centers | ₪387.00 | 1.4% +₪131.9m | 26.1% | PE11x | |
| SMT Summit Real Estate Holdings | ₪45.65 | 4.3% +₪129.5m | 14.4% | PS3.3x | |
| ALRPR Alrov Properties and Lodgings | ₪148.90 | 4.2% +₪125.1m | 3.9% | PS2.4x | |
| BLSR Blue Square Real Estate | ₪278.30 | 3.2% +₪103.7m | 53.3% | PE5.4x |
