Mordechai Aviv Taasiot Beniyah (1973)'s (TLV:AVIV) Promising Earnings May Rest On Soft Foundations
Apr 07
Israeli (TA) Real Estate Development Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies17
- 7D1.2%
- 3M8.4%
- 1Y23.7%
- YTDn/a
Over the last 7 days, the Real Estate Development industry has remained flat, although notably Effi Capital Nadlan gained 6.1%. As for the the longer term, the industry is up 22% over the past 12 months.
Industry Valuation and Performance
Has the Israeli Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | ₪11.7b | ₪5.1b | ₪714.4m | 12x | 16.4x | 2.3x |
| Wed, 20 Mar 2024 | ₪12.7b | ₪5.9b | ₪571.1m | 10.2x | 22.2x | 2.1x |
| Fri, 16 Feb 2024 | ₪11.1b | ₪5.2b | ₪592.3m | 7.9x | 18.8x | 2.1x |
| Sun, 14 Jan 2024 | ₪11.0b | ₪5.2b | ₪577.4m | 7.9x | 19x | 2.1x |
| Tue, 12 Dec 2023 | ₪10.2b | ₪5.3b | ₪1.0b | 7.2x | 9.8x | 1.9x |
| Thu, 09 Nov 2023 | ₪9.7b | ₪5.3b | ₪1.2b | 5.6x | 8.3x | 1.8x |
| Sat, 07 Oct 2023 | ₪10.6b | ₪5.3b | ₪1.2b | 6x | 9.1x | 2x |
| Mon, 04 Sep 2023 | ₪10.2b | ₪5.3b | ₪1.2b | 6.7x | 8.7x | 1.9x |
| Wed, 02 Aug 2023 | ₪10.7b | ₪5.8b | ₪1.4b | 5.4x | 7.5x | 1.9x |
| Fri, 30 Jun 2023 | ₪10.5b | ₪5.8b | ₪1.4b | 5.6x | 7.3x | 1.8x |
| Sun, 28 May 2023 | ₪9.7b | ₪6.1b | ₪1.4b | 4.9x | 6.8x | 1.6x |
| Tue, 25 Apr 2023 | ₪9.3b | ₪6.1b | ₪1.4b | 4.9x | 6.5x | 1.5x |
| Thu, 23 Mar 2023 | ₪9.4b | ₪5.9b | ₪1.7b | 4.9x | 5.6x | 1.6x |
| Sat, 18 Feb 2023 | ₪10.4b | ₪6.1b | ₪2.0b | 3.9x | 5.2x | 1.7x |
| Mon, 16 Jan 2023 | ₪11.7b | ₪6.1b | ₪2.0b | 4.4x | 5.9x | 1.9x |
| Wed, 14 Dec 2022 | ₪11.0b | ₪6.1b | ₪2.0b | 3.9x | 5.4x | 1.8x |
| Fri, 11 Nov 2022 | ₪13.0b | ₪6.1b | ₪2.0b | 4.5x | 6.5x | 2.1x |
| Sun, 09 Oct 2022 | ₪13.8b | ₪6.1b | ₪2.0b | 5.1x | 7x | 2.3x |
| Tue, 06 Sep 2022 | ₪15.0b | ₪6.1b | ₪1.9b | 5.9x | 7.7x | 2.5x |
| Thu, 04 Aug 2022 | ₪15.4b | ₪5.9b | ₪1.7b | 7.1x | 8.9x | 2.6x |
| Sat, 02 Jul 2022 | ₪12.2b | ₪5.9b | ₪1.7b | 6.7x | 7.2x | 2.1x |
| Mon, 30 May 2022 | ₪12.5b | ₪6.0b | ₪1.7b | 6.7x | 7.2x | 2.1x |
| Wed, 27 Apr 2022 | ₪14.7b | ₪5.8b | ₪1.7b | 8.4x | 8.7x | 2.5x |
| Fri, 25 Mar 2022 | ₪14.4b | ₪6.0b | ₪1.5b | 12.1x | 9.8x | 2.4x |
| Sun, 20 Feb 2022 | ₪14.6b | ₪6.1b | ₪983.9m | 15.3x | 14.8x | 2.4x |
| Tue, 18 Jan 2022 | ₪15.2b | ₪6.1b | ₪991.5m | 16.1x | 15.3x | 2.5x |
| Thu, 16 Dec 2021 | ₪13.1b | ₪6.0b | ₪953.7m | 14.6x | 13.7x | 2.2x |
| Sat, 13 Nov 2021 | ₪11.5b | ₪5.7b | ₪874.3m | 16.8x | 13.2x | 2x |
| Mon, 11 Oct 2021 | ₪10.6b | ₪5.8b | ₪903.9m | 14.8x | 11.8x | 1.8x |
| Wed, 08 Sep 2021 | ₪10.4b | ₪5.8b | ₪905.3m | 14.4x | 11.5x | 1.8x |
| Fri, 06 Aug 2021 | ₪9.2b | ₪5.7b | ₪827.2m | 14.1x | 11.2x | 1.6x |
| Mon, 10 May 2021 | ₪9.4b | ₪5.5b | ₪700.9m | 17.3x | 13.5x | 1.7x |
Price to Earnings Ratio
13.5x
Current Industry PE
- Investors are optimistic on the Israeli Real Estate Development industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.4x which is higher than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 2.4% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Comparison
How does Israeli Real Estate Development compare with similar industries?
| IL Market | 0.34% | |
| Real Estate | 0.26% | |
| Real Estate | 0.26% | |
| Real Estate Development | 1.25% | |
| Diversified Real Estate | 2.09% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -0.18% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EFCP Effi Capital Nadlan | ₪12.79 | 6.1% +₪33.6m | n/a | PE6.6x | |
| AFRE Africa Israel Residences | ₪216.90 | 0.6% +₪16.4m | 66.0% | PE18.7x | |
| CRSR Carasso Real Estate | ₪28.74 | 0.8% +₪13.0m | 3.2% | PE89.7x | |
| POLY Polygon Real Estate | ₪38.59 | 5.9% +₪11.1m | 46.1% | PE11.8x | |
| MLD-M MirLand Development | ₪0.022 | 15.8% +₪49.0k | -89.5% | PS0.007x |
