Heiwa Real Estate (TSE:8803) Takes On Some Risk With Its Use Of Debt
Apr 30
Japanese (NIKKEI) Real Estate Sector Analysis
UpdatedMay 01, 2024
DataAggregated Company Financials
Companies170
- 7D1.2%
- 3M8.1%
- 1Y22.1%
- YTD12.4%
In the last week, the Real Estate industry is up 1.2%, with Mitsui Fudosan leading the way with a 1.1% gain. This means that the industry has gained 22% over the past year. As for the next few years, earnings are expected to grow by 4.4% per annum.
Sector Valuation and Performance
Has the Japanese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 01 May 2024 | JP¥37.3t | JP¥20.1t | JP¥2.2t | 19.4x | 17.3x | 1.9x |
| Fri, 29 Mar 2024 | JP¥37.3t | JP¥20.1t | JP¥2.1t | 19.4x | 17.4x | 1.9x |
| Sun, 25 Feb 2024 | JP¥34.0t | JP¥20.1t | JP¥2.1t | 18.8x | 15.9x | 1.7x |
| Tue, 23 Jan 2024 | JP¥35.5t | JP¥19.9t | JP¥2.1t | 18.2x | 16.6x | 1.8x |
| Thu, 21 Dec 2023 | JP¥33.7t | JP¥20.0t | JP¥2.1t | 17.8x | 15.8x | 1.7x |
| Sat, 18 Nov 2023 | JP¥34.0t | JP¥20.0t | JP¥2.1t | 17.1x | 16x | 1.7x |
| Mon, 16 Oct 2023 | JP¥33.1t | JP¥19.6t | JP¥2.1t | 17.7x | 16x | 1.7x |
| Wed, 13 Sep 2023 | JP¥33.7t | JP¥19.6t | JP¥2.1t | 18.1x | 16.3x | 1.7x |
| Fri, 11 Aug 2023 | JP¥32.7t | JP¥19.6t | JP¥2.1t | 16.9x | 15.5x | 1.7x |
| Sun, 09 Jul 2023 | JP¥31.6t | JP¥19.4t | JP¥2.0t | 16.1x | 15.6x | 1.6x |
| Tue, 06 Jun 2023 | JP¥31.7t | JP¥19.3t | JP¥2.0t | 16.2x | 15.7x | 1.6x |
| Thu, 04 May 2023 | JP¥30.6t | JP¥19.0t | JP¥1.9t | 15.9x | 16x | 1.6x |
| Sat, 01 Apr 2023 | JP¥29.3t | JP¥19.0t | JP¥1.9t | 16.1x | 15.3x | 1.5x |
| Mon, 27 Feb 2023 | JP¥30.0t | JP¥19.0t | JP¥1.9t | 16.4x | 15.7x | 1.6x |
| Wed, 25 Jan 2023 | JP¥29.9t | JP¥18.9t | JP¥1.9t | 17x | 15.6x | 1.6x |
| Fri, 23 Dec 2022 | JP¥30.4t | JP¥18.8t | JP¥1.9t | 17.2x | 16x | 1.6x |
| Sun, 20 Nov 2022 | JP¥31.9t | JP¥18.7t | JP¥1.9t | 17.4x | 16.7x | 1.7x |
| Tue, 18 Oct 2022 | JP¥31.5t | JP¥18.5t | JP¥1.9t | 17.7x | 16.5x | 1.7x |
| Thu, 15 Sep 2022 | JP¥32.5t | JP¥18.4t | JP¥1.9t | 18.7x | 17.1x | 1.8x |
| Sat, 13 Aug 2022 | JP¥32.3t | JP¥18.4t | JP¥1.9t | 18x | 17.1x | 1.8x |
| Mon, 11 Jul 2022 | JP¥31.3t | JP¥18.0t | JP¥1.8t | 17.3x | 17.4x | 1.7x |
| Wed, 08 Jun 2022 | JP¥31.7t | JP¥17.9t | JP¥1.8t | 18x | 17.7x | 1.8x |
| Fri, 06 May 2022 | JP¥31.5t | JP¥17.6t | JP¥1.7t | 18.3x | 18.3x | 1.8x |
| Sun, 03 Apr 2022 | JP¥32.1t | JP¥17.5t | JP¥1.7t | 19.2x | 19x | 1.8x |
| Tue, 01 Mar 2022 | JP¥30.6t | JP¥17.5t | JP¥1.7t | 18.5x | 17.9x | 1.8x |
| Thu, 27 Jan 2022 | JP¥30.5t | JP¥17.1t | JP¥1.8t | 19.3x | 17.3x | 1.8x |
| Sat, 25 Dec 2021 | JP¥31.4t | JP¥17.1t | JP¥1.8t | 19.8x | 17.6x | 1.8x |
| Mon, 22 Nov 2021 | JP¥32.4t | JP¥17.1t | JP¥1.8t | 20.6x | 18.3x | 1.9x |
| Wed, 20 Oct 2021 | JP¥33.4t | JP¥16.9t | JP¥1.7t | 19.5x | 19.9x | 2x |
| Fri, 17 Sep 2021 | JP¥33.2t | JP¥16.8t | JP¥1.6t | 19.4x | 20.2x | 2x |
| Sun, 15 Aug 2021 | JP¥32.7t | JP¥16.9t | JP¥1.7t | 19.2x | 19.6x | 1.9x |
| Thu, 10 Jun 2021 | JP¥31.8t | JP¥16.6t | JP¥1.6t | 20.1x | 19.9x | 1.9x |
Price to Earnings Ratio
20.2x
Current Industry PE
- Investors are relatively neutral on the Japanese Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 6.6% 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 Japanese Real Estate sector?
| JP Market | 2.54% | |
| Real Estate | 1.15% | |
| Hotel and Resort REITs | 2.30% | |
| Residential REITs | 1.80% | |
| Real Estate | 1.78% | |
| Industrial REITs | 0.57% | |
| Health Care REITs | 0.46% | |
| Retail REITs | 0.45% | |
| Specialized REITs | 0% | |
| REITS | -0.32% | |
| Office REITs | -0.38% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry, which is trading close to its 3-year average PE ratio of 27.7x.
- Analysts are expecting annual earnings decline of 0.5%, which is lower than the prior year's growth of 6.2% per year.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.5x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 7.6% over the next 5 years.
- In contrast, the Office REITs industry is expected to see its earnings decline by 2.7% 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 | |
|---|---|---|---|---|---|
| 8801 Mitsui Fudosan | JP¥1.59k | 1.1% +JP¥49.0b | 80.8% | PE20.6x | |
| 3231 Nomura Real Estate Holdings | JP¥4.45k | 6.1% +JP¥44.1b | 34.4% | PE11.3x | |
| 8802 Mitsubishi Estate | JP¥2.86k | 1.1% +JP¥39.3b | 74.0% | PE25.8x | |
| 1925 Daiwa House Industry | JP¥4.41k | 1.1% +JP¥30.1b | 28.1% | PE7.9x | |
| 8985 Japan Hotel REIT Investment | JP¥83.60k | 4.6% +JP¥17.2b | 6.5% | PB1.6x |
