We Think Vianini (BIT:VIA) Is Taking Some Risk With Its Debt
Nov 18
Italian (Borsa Italiana) Real Estate Sector Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies19
- 7D-0.3%
- 3M-11.8%
- 1Y-20.8%
- YTD-18.3%
Over the last 7 days, the Real Estate industry has remained flat, although notably Gabetti Property Solutions gained 15%. As for the longer term, the industry has declined 20% in the last year. As for the next few years, earnings are expected to grow by 57% per annum.
Sector Valuation and Performance
Has the Italian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | €1.1b | €1.0b | -€162,276,934.00 | 18.5x | -6.8x | 1.1x |
| Sun, 29 Oct 2023 | €1.1b | €1.1b | -€129,480,934.00 | 12x | -8.4x | 1x |
| Tue, 26 Sep 2023 | €1.2b | €1.1b | -€126,256,559.00 | 14.3x | -9.3x | 1x |
| Thu, 24 Aug 2023 | €1.2b | €1.1b | -€117,379,684.00 | 15.5x | -10.6x | 1.1x |
| Sat, 22 Jul 2023 | €1.1b | €563.2m | -€15,210,684.00 | 11.9x | -72.1x | 1.9x |
| Mon, 19 Jun 2023 | €1.1b | €563.2m | -€19,389,788.00 | 12.7x | -57.3x | 2x |
| Wed, 17 May 2023 | €1.3b | €579.4m | -€45,942,788.00 | 12.9x | -28.6x | 2.3x |
| Fri, 14 Apr 2023 | €1.4b | €572.4m | -€51,586,316.00 | 13.3x | -27.2x | 2.5x |
| Sun, 12 Mar 2023 | €1.4b | €579.1m | -€35,457,192.00 | 6.2x | -38.8x | 2.4x |
| Tue, 07 Feb 2023 | €1.4b | €572.6m | €43.1m | 6x | 31.9x | 2.4x |
| Thu, 05 Jan 2023 | €1.4b | €572.6m | €43.1m | 5.8x | 32.3x | 2.4x |
| Sat, 03 Dec 2022 | €1.4b | €439.8m | €13.0m | 6.2x | 109.4x | 3.2x |
| Mon, 31 Oct 2022 | €1.4b | €452.4m | €1.8m | 6.1x | 751.6x | 3.1x |
| Wed, 28 Sep 2022 | €1.3b | €432.9m | -€1,107,289.00 | 5.9x | -1200.1x | 3.1x |
| Fri, 26 Aug 2022 | €1.5b | €431.4m | -€1,317,964.00 | 12x | -1117.7x | 3.4x |
| Sun, 24 Jul 2022 | €1.5b | €437.7m | €977.4k | 11.7x | 1531.1x | 3.4x |
| Tue, 21 Jun 2022 | €1.5b | €436.8m | €2.5m | 11x | 599.9x | 3.4x |
| Thu, 19 May 2022 | €1.5b | €435.4m | -€2,340.00 | 10.8x | -658189.3x | 3.5x |
| Sat, 16 Apr 2022 | €1.6b | €436.8m | €14.5m | 13.2x | 107.9x | 3.6x |
| Mon, 14 Mar 2022 | €1.5b | €430.4m | €8.7m | 16.2x | 171.7x | 3.5x |
| Wed, 09 Feb 2022 | €1.5b | €422.2m | -€49,676,096.00 | 18.8x | -29.7x | 3.5x |
| Fri, 07 Jan 2022 | €1.5b | €422.2m | -€49,676,096.00 | 19.5x | -30.2x | 3.6x |
| Sun, 05 Dec 2021 | €1.3b | €422.2m | -€49,676,096.00 | 18.5x | -27x | 3.2x |
| Tue, 02 Nov 2021 | €1.4b | €398.1m | -€65,440,463.00 | 34.2x | -21.7x | 3.6x |
| Thu, 30 Sep 2021 | €1.4b | €400.3m | -€65,279,924.00 | 24.9x | -21.3x | 3.5x |
| Sat, 28 Aug 2021 | €1.4b | €400.2m | -€71,929,594.00 | 24.7x | -19.5x | 3.5x |
| Sun, 04 Jul 2021 | €1.3b | €400.2m | -€71,929,594.00 | 18.4x | -18.4x | 3.3x |
| Wed, 07 Apr 2021 | €1.1b | €352.9m | -€167,062,594.00 | 28.7x | -6.3x | 3x |
| Sat, 09 Jan 2021 | €989.3m | €329.7m | -€167,884,126.00 | 65.5x | -5.9x | 3x |
Price to Earnings Ratio
-9x
Current Industry PE
- Investors are pessimistic on the Italian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 46% 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 caused losses to expand.
Industry Trends
Which industries have driven the changes within the Italian Real Estate sector?
| IT Market | 1.39% | |
| Real Estate | -0.30% | |
| REITS | 0.02% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Office REITs | 0% | |
| Real Estate | -0.26% | |
| Retail REITs | -0.92% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 87% over the next 5 years.
- In contrast, the REITS industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| GAB Gabetti Property Solutions | €0.79 | 14.8% +€6.2m | -30.9% | PE58.6x | |
| TCM Tecma Solutions | €3.42 | 6.2% +€1.7m | -56.7% | PS2.1x | |
| VIA Vianini | €0.87 | 4.8% +€1.2m | -10.8% | PE13.1x | |
| EAV Emma Villas | €2.80 | 1.4% +€278.8k | n/a | n/a | |
| AGU Arras Group | €1.01 | 2.0% +€137.1k | n/a | PS10.1x |