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Israeli (TA) Real Estate Industry Analysis
UpdatedMar 23, 2023
DataAggregated Company Financials
Companies64
- 7D1.4%
- 3M-10.6%
- 1Y-34.4%
- YTD-9.6%
The Real Estate industry has gained 1.2% in the last week and Y.H. Dimri Construction & Development up 8.5%. Meanwhile, Gav-Yam Lands actually underperformed within the industry, shrinking 5.3% in the last week. In the past year, the industry is down 34%. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 23 Mar 2023 | ₪136.2b | ₪36.2b | ₪19.8b | 5.7x | 6.9x | 3.8x |
| Sat, 18 Feb 2023 | ₪144.5b | ₪37.1b | ₪23.1b | 5.7x | 6.3x | 3.9x |
| Mon, 16 Jan 2023 | ₪157.6b | ₪36.9b | ₪23.4b | 6.2x | 6.7x | 4.3x |
| Wed, 14 Dec 2022 | ₪158.5b | ₪34.6b | ₪23.4b | 5.8x | 6.8x | 4.6x |
| Fri, 11 Nov 2022 | ₪165.5b | ₪35.9b | ₪24.9b | 6.2x | 6.6x | 4.6x |
| Sun, 09 Oct 2022 | ₪164.3b | ₪35.9b | ₪25.0b | 6.6x | 6.6x | 4.6x |
| Tue, 06 Sep 2022 | ₪186.0b | ₪35.0b | ₪25.1b | 7.4x | 7.4x | 5.3x |
| Thu, 04 Aug 2022 | ₪182.9b | ₪34.5b | ₪22.9b | 8x | 8x | 5.3x |
| Sat, 02 Jul 2022 | ₪168.6b | ₪34.3b | ₪21.8b | 7.8x | 7.7x | 4.9x |
| Mon, 30 May 2022 | ₪182.8b | ₪33.3b | ₪21.2b | 8.1x | 8.6x | 5.5x |
| Wed, 27 Apr 2022 | ₪207.9b | ₪32.6b | ₪21.9b | 8.9x | 9.5x | 6.4x |
| Fri, 25 Mar 2022 | ₪205.3b | ₪31.6b | ₪15.1b | 13x | 13.6x | 6.5x |
| Sun, 20 Feb 2022 | ₪207.8b | ₪31.7b | ₪11.9b | 16.5x | 17.5x | 6.5x |
| Tue, 18 Jan 2022 | ₪216.0b | ₪31.7b | ₪11.5b | 17.6x | 18.8x | 6.8x |
| Thu, 16 Dec 2021 | ₪195.2b | ₪31.7b | ₪11.4b | 15.7x | 17.1x | 6.2x |
| Sat, 13 Nov 2021 | ₪189.6b | ₪30.4b | ₪9.8b | 16.7x | 19.3x | 6.2x |
| Mon, 11 Oct 2021 | ₪174.1b | ₪30.4b | ₪9.6b | 14.8x | 18.1x | 5.7x |
| Wed, 08 Sep 2021 | ₪176.3b | ₪30.3b | ₪9.5b | 14.4x | 18.5x | 5.8x |
| Fri, 06 Aug 2021 | ₪158.0b | ₪30.2b | ₪9.1b | 13.8x | 17.4x | 5.2x |
| Mon, 10 May 2021 | ₪149.4b | ₪28.5b | ₪6.6b | 16.7x | 22.5x | 5.2x |
| Sun, 31 Jan 2021 | ₪128.1b | ₪28.3b | ₪3.2b | 14.8x | 40.3x | 4.5x |
| Wed, 04 Nov 2020 | ₪98.4b | ₪29.0b | ₪8.9b | 10.6x | 11x | 3.4x |
| Sat, 08 Aug 2020 | ₪94.5b | ₪29.1b | ₪9.7b | 10.1x | 9.7x | 3.2x |
| Fri, 01 May 2020 | ₪118.1b | ₪30.3b | ₪10.8b | 11x | 11x | 3.9x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are pessimistic on the Israeli 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 6.9x which is lower than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Israeli Real Estate industry?
| IL Market | 1.47% | |
| Real Estate | 1.54% | |
| Real Estate | 1.41% | |
| Real Estate Development | 4.58% | |
| Diversified Real Estate | 4.35% | |
| Real Estate Operating Companies | 0.62% | |
| Real Estate Services | 0% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 16.4x.
- Analysts are expecting annual earnings growth of 14.8%, which is lower than the prior year's growth of 35.6% per year.
- Investors are most pessimistic about the Diversified Real Estate industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| DIMRI Y.H. Dimri Construction & Development | ₪210.70 | 8.5% +₪308.7m | -32.7% | PE14.6x | |
| AZRG Azrieli Group | ₪214.30 | 1.2% +₪303.2m | -22.7% | PE7.1x | |
| ISRS Isras Investment | ₪610.20 | 8.9% +₪269.7m | -22.8% | PE5.7x | |
| MVNE Mivne Real Estate (K.D) | ₪10.03 | 3.1% +₪242.6m | -22.4% | PE6.2x | |
| CRSR Carasso Real Estate | ₪27.32 | 16.7% +₪211.2m | n/a | n/a |
