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Icelandic (OMX) Real Estate Sector Analysis

UpdatedNov 26, 2024
DataAggregated Company Financials
Companies4
  • 7D-0.1%
  • 3M19.6%
  • 1Y32.8%
  • YTD27.4%

Last week, the Real Estate industry hasn't moved much but Kaldalón hf is up 3.4% in that time. As for the the longer term, the industry is up 33% over the past 12 months.

Sector Valuation and Performance

Has the Icelandic Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Nov 2024ISK 205.8bISK 44.8bISK 24.5b9.8x8.4x4.6x
Thu, 24 Oct 2024ISK 195.6bISK 44.2bISK 16.8b17.9x11.7x4.4x
Sat, 21 Sep 2024ISK 177.5bISK 44.2bISK 16.8b16.8x10.6x4x
Mon, 19 Aug 2024ISK 166.0bISK 42.8bISK 20.0b7.1x8.3x3.9x
Wed, 17 Jul 2024ISK 156.5bISK 42.8bISK 25.4b6.3x6.2x3.7x
Fri, 14 Jun 2024ISK 158.1bISK 42.5bISK 24.0b6.4x6.6x3.7x
Sun, 12 May 2024ISK 142.6bISK 42.5bISK 23.1b5.8x6.2x3.4x
Tue, 09 Apr 2024ISK 156.3bISK 42.2bISK 20.3b7.1x7.7x3.7x
Thu, 07 Mar 2024ISK 163.0bISK 41.6bISK 19.5b8.2x8.4x3.9x
Sat, 03 Feb 2024ISK 177.1bISK 42.3bISK 13.3b11.6x13.3x4.2x
Mon, 01 Jan 2024ISK 164.4bISK 40.5bISK 13.7b10.6x12x4.1x
Wed, 29 Nov 2023ISK 158.0bISK 40.5bISK 13.7b10x11.6x3.9x
Fri, 27 Oct 2023ISK 155.0bISK 39.6bISK 20.6b7.7x7.5x3.9x
Sun, 24 Sep 2023ISK 159.0bISK 39.6bISK 20.6b7.8x7.7x4x
Tue, 22 Aug 2023ISK 165.0bISK 37.4bISK 11.8b12.8x14x4.4x
Thu, 20 Jul 2023ISK 164.9bISK 37.4bISK 11.8b13.1x14x4.4x
Sat, 17 Jun 2023ISK 154.6bISK 36.7bISK 13.1b12.9x11.8x4.2x
Mon, 15 May 2023ISK 160.7bISK 36.2bISK 13.6b11.8x11.9x4.4x
Wed, 12 Apr 2023ISK 167.5bISK 36.2bISK 13.6b12.4x12.4x4.6x
Fri, 10 Mar 2023ISK 157.5bISK 36.2bISK 13.6b12.2x11.6x4.3x
Sun, 05 Feb 2023ISK 167.4bISK 34.1bISK 23.3b8.4x7.2x4.9x
Tue, 03 Jan 2023ISK 171.3bISK 34.1bISK 23.3b8.6x7.3x5x
Thu, 01 Dec 2022ISK 180.2bISK 33.8bISK 26.4b7.6x6.8x5.3x
Sat, 29 Oct 2022ISK 184.1bISK 33.2bISK 26.5b7.6x7x5.6x
Mon, 26 Sep 2022ISK 181.0bISK 33.2bISK 26.5b7.5x6.8x5.5x
Wed, 24 Aug 2022ISK 197.2bISK 31.8bISK 20.6b9.5x9.6x6.2x
Fri, 22 Jul 2022ISK 194.2bISK 31.5bISK 20.3b10.1x9.6x6.2x
Sun, 19 Jun 2022ISK 187.7bISK 31.5bISK 20.3b9.5x9.2x6x
Tue, 17 May 2022ISK 204.5bISK 30.8bISK 19.8b10.3x10.3x6.6x
Thu, 14 Apr 2022ISK 216.5bISK 30.8bISK 19.8b10.7x10.9x7x
Sat, 12 Mar 2022ISK 186.9bISK 30.6bISK 18.7b9.4x10x6.1x
Mon, 07 Feb 2022ISK 187.5bISK 29.4bISK 17.0b10.2x11x6.4x
Wed, 05 Jan 2022ISK 183.7bISK 29.4bISK 17.0b9.8x10.8x6.3x
Fri, 03 Dec 2021ISK 171.9bISK 29.4bISK 17.4b9.9x9.9x5.8x
Price to Earnings Ratio

9.9x


Total Market Cap: ISK 171.9bTotal Earnings: ISK 17.4bTotal Revenue: ISK 29.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Icelandic Real Estate Sector Price to Earnings3Y Average 9.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Icelandic 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 8.4x which is lower than its 3-year average PE of 9.7x.
  • The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Icelandic Real Estate sector?

IS Market-0.41%
Real Estate-0.11%
REITS0%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
Real Estate-0.11%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 9.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 9.7x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HEIMAR Heimar hfISK 34.801.2%
+ISK 708.9m		54.7%PE14.4x
REITIR Reitir fasteignafélag hfISK 108.500.9%
+ISK 701.0m		34.8%PE5.8x
KALD Kaldalón hfISK 24.101.7%
+ISK 447.8m		43.8%PE7.9x
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Latest News

REITIR

ISK 108.50

Reitir fasteignafélag hf

7D

0.9%

1Y

34.8%

HEIMAR

ISK 34.80

Heimar hf

7D

1.2%

1Y

54.7%

EIK

ISK 12.85

Eik fasteignafélag hf

7D

-3.4%

1Y

10.8%

Eik fasteignafélag hf's (ICE:EIK) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 07
Eik fasteignafélag hf's (ICE:EIK) Sluggish Earnings Might Be Just The Beginning Of Its Problems

KALD

ISK 24.10

Kaldalón hf

7D

1.7%

1Y

43.8%