Optimistic Investors Push Africa Israel Residences Ltd (TLV:AFRE) Shares Up 26% But Growth Is Lacking
Jul 19
Israeli (TA) Real Estate Development Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies18
- 7D1.5%
- 3M2.2%
- 1Y13.7%
- YTDn/a
In the last week, the Real Estate Development industry is up 2.7%, with Amram Avraham Construction up 7.2%. This means that the industry has gained 15% over the past year.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₪13.8b | ₪4.4b | ₪505.9m | 14.7x | 27.2x | 3.2x |
| Sun, 23 Jun 2024 | ₪11.7b | ₪4.4b | ₪508.0m | 13.1x | 23.1x | 2.7x |
| Tue, 21 May 2024 | ₪11.5b | ₪4.6b | ₪743.0m | 11.4x | 15.5x | 2.5x |
| Thu, 18 Apr 2024 | ₪11.5b | ₪5.0b | ₪699.0m | 11.9x | 16.5x | 2.3x |
| Sat, 16 Mar 2024 | ₪12.0b | ₪5.9b | ₪571.1m | 9.6x | 21x | 2x |
| Mon, 12 Feb 2024 | ₪10.6b | ₪5.2b | ₪592.3m | 7.8x | 17.9x | 2x |
| Wed, 10 Jan 2024 | ₪11.1b | ₪5.2b | ₪577.4m | 7.8x | 19.3x | 2.1x |
| Fri, 08 Dec 2023 | ₪10.5b | ₪5.3b | ₪1.0b | 7.2x | 10.2x | 2x |
| Sun, 05 Nov 2023 | ₪9.4b | ₪5.3b | ₪1.2b | 5.7x | 8.1x | 1.8x |
| Tue, 03 Oct 2023 | ₪10.9b | ₪5.3b | ₪1.2b | 6.3x | 9.4x | 2.1x |
| Thu, 31 Aug 2023 | ₪10.3b | ₪5.5b | ₪1.2b | 6.8x | 8.3x | 1.9x |
| Sat, 29 Jul 2023 | ₪10.4b | ₪5.8b | ₪1.4b | 5.4x | 7.3x | 1.8x |
| Mon, 26 Jun 2023 | ₪10.6b | ₪5.8b | ₪1.4b | 5.4x | 7.3x | 1.8x |
| Wed, 24 May 2023 | ₪9.8b | ₪6.0b | ₪1.4b | 5.1x | 6.9x | 1.6x |
| Fri, 21 Apr 2023 | ₪9.3b | ₪6.1b | ₪1.4b | 5x | 6.4x | 1.5x |
| Sun, 19 Mar 2023 | ₪7.4b | ₪5.0b | ₪1.3b | 4.9x | 5.5x | 1.5x |
| Tue, 14 Feb 2023 | ₪10.8b | ₪6.1b | ₪2.0b | 4.2x | 5.4x | 1.8x |
| Thu, 12 Jan 2023 | ₪11.4b | ₪6.1b | ₪2.0b | 4.3x | 5.8x | 1.9x |
| Sat, 10 Dec 2022 | ₪11.3b | ₪6.0b | ₪2.0b | 4.3x | 5.6x | 1.9x |
| Mon, 07 Nov 2022 | ₪12.5b | ₪6.1b | ₪2.0b | 4.3x | 6.3x | 2x |
| Wed, 05 Oct 2022 | ₪14.0b | ₪6.1b | ₪2.0b | 5.1x | 7x | 2.3x |
| Fri, 02 Sep 2022 | ₪15.2b | ₪5.8b | ₪1.9b | 6.3x | 8.1x | 2.6x |
| Sun, 31 Jul 2022 | ₪15.3b | ₪5.9b | ₪1.7b | 7x | 8.9x | 2.6x |
| Tue, 28 Jun 2022 | ₪12.4b | ₪5.9b | ₪1.7b | 6.5x | 7.3x | 2.1x |
| Thu, 26 May 2022 | ₪11.8b | ₪5.8b | ₪1.7b | 6.7x | 7.1x | 2x |
| Sat, 23 Apr 2022 | ₪15.4b | ₪5.8b | ₪1.7b | 8.8x | 9.1x | 2.6x |
| Mon, 21 Mar 2022 | ₪14.4b | ₪6.1b | ₪1.4b | 12.3x | 10x | 2.4x |
| Wed, 16 Feb 2022 | ₪14.4b | ₪6.1b | ₪983.9m | 14.8x | 14.7x | 2.4x |
| Fri, 14 Jan 2022 | ₪14.8b | ₪6.1b | ₪991.5m | 15.4x | 15x | 2.4x |
| Sun, 12 Dec 2021 | ₪12.5b | ₪6.0b | ₪953.7m | 13x | 13.1x | 2.1x |
| Tue, 09 Nov 2021 | ₪12.0b | ₪5.8b | ₪902.8m | 17.1x | 13.3x | 2.1x |
| Thu, 07 Oct 2021 | ₪10.4b | ₪5.8b | ₪903.9m | 14.5x | 11.5x | 1.8x |
| Sat, 04 Sep 2021 | ₪10.3b | ₪5.7b | ₪867.2m | 14.3x | 11.9x | 1.8x |
| Mon, 02 Aug 2021 | ₪9.7b | ₪5.7b | ₪827.2m | 14.7x | 11.7x | 1.7x |
Price to Earnings Ratio
11.7x
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 27.0x which is higher than its 3-year average PE of 11.0x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have declined 15% per year over the last three years,
- Revenues have also declined 8.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Israeli Real Estate Development compare with similar industries?
| IL Market | 0.58% | |
| Real Estate | 0.18% | |
| Real Estate | 0.22% | |
| Real Estate Development | 1.48% | |
| Real Estate Operating Companies | 0.21% | |
| Real Estate Services | 0% | |
| Diversified Real Estate | -0.46% | |
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 | |
|---|---|---|---|---|---|
| AMRM Amram Avraham Construction | ₪23.37 | 7.2% +₪117.0m | n/a | n/a | |
| CRSR Carasso Real Estate | ₪26.05 | 4.6% +₪62.3m | 11.0% | PE63x | |
| AFRE Africa Israel Residences | ₪245.00 | 1.2% +₪35.4m | 41.2% | PE18.1x | |
| EFCP Effi Capital Nadlan | ₪12.48 | 3.5% +₪19.3m | n/a | PE7.4x | |
| ROTS Rotshtein Realestate | ₪40.20 | 2.6% +₪15.6m | 28.6% | PE9.2x |