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South Korean (KOSPI) Real Estate Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies33
- 7D3.2%
- 3M-9.7%
- 1Y-8.8%
- YTD-8.9%
Over the last 7 days, the Real Estate industry has risen 3.2%, and Shinhan Alpha REIT contributed the most with a gain of 5.2%. In contrast, the industry has lost 8.8% in the last 12 months. As for the next few years, earnings are expected to grow by 31% per annum.
Sector Valuation and Performance
Has the South Korean Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₩9.6t | ₩5.6t | ₩16.6b | 7.1x | 579.4x | 1.7x |
| Sat, 19 Oct 2024 | ₩10.0t | ₩5.6t | ₩16.6b | 8.2x | 601x | 1.8x |
| Mon, 16 Sep 2024 | ₩10.2t | ₩5.6t | ₩16.0b | 8.4x | 639.4x | 1.8x |
| Wed, 14 Aug 2024 | ₩10.3t | ₩6.0t | ₩192.5b | 5.7x | 53.3x | 1.7x |
| Fri, 12 Jul 2024 | ₩10.0t | ₩6.0t | ₩192.1b | 5.6x | 51.8x | 1.7x |
| Sun, 09 Jun 2024 | ₩10.2t | ₩6.0t | ₩193.1b | 5.5x | 52.9x | 1.7x |
| Tue, 07 May 2024 | ₩9.8t | ₩6.5t | ₩275.6b | 3.5x | 35.5x | 1.5x |
| Thu, 04 Apr 2024 | ₩9.7t | ₩6.5t | ₩274.3b | 3.6x | 35.5x | 1.5x |
| Sat, 02 Mar 2024 | ₩9.8t | ₩7.0t | ₩321.7b | 3.2x | 30.6x | 1.4x |
| Mon, 29 Jan 2024 | ₩9.6t | ₩7.0t | ₩320.5b | 3.2x | 29.9x | 1.4x |
| Wed, 27 Dec 2023 | ₩9.9t | ₩7.0t | ₩320.5b | 3.6x | 30.9x | 1.4x |
| Fri, 24 Nov 2023 | ₩9.8t | ₩7.0t | ₩337.8b | 3.6x | 29.2x | 1.4x |
| Sun, 22 Oct 2023 | ₩9.3t | ₩7.2t | ₩403.8b | 3.3x | 23.1x | 1.3x |
| Tue, 19 Sep 2023 | ₩9.8t | ₩7.3t | ₩418.4b | 3.5x | 23.4x | 1.3x |
| Thu, 17 Aug 2023 | ₩9.6t | ₩7.2t | ₩390.3b | 9.9x | 24.6x | 1.3x |
| Sat, 15 Jul 2023 | ₩10.2t | ₩7.2t | ₩389.6b | 10.6x | 26.2x | 1.4x |
| Mon, 12 Jun 2023 | ₩10.6t | ₩7.2t | ₩389.6b | 10.8x | 27.3x | 1.5x |
| Wed, 10 May 2023 | ₩10.2t | ₩6.7t | ₩424.0b | 7.4x | 24.1x | 1.5x |
| Fri, 07 Apr 2023 | ₩9.4t | ₩6.7t | ₩425.0b | 6.1x | 22.1x | 1.4x |
| Sun, 05 Mar 2023 | ₩9.6t | ₩6.0t | ₩482.3b | 4.3x | 19.9x | 1.6x |
| Tue, 31 Jan 2023 | ₩9.9t | ₩6.0t | ₩482.3b | 4.4x | 20.6x | 1.7x |
| Thu, 29 Dec 2022 | ₩9.5t | ₩6.0t | ₩482.3b | 4.3x | 19.7x | 1.6x |
| Sat, 26 Nov 2022 | ₩9.5t | ₩5.9t | ₩515.7b | 4.2x | 18.3x | 1.6x |
| Mon, 24 Oct 2022 | ₩8.3t | ₩5.2t | ₩504.4b | 4.2x | 16.4x | 1.6x |
| Wed, 21 Sep 2022 | ₩10.5t | ₩5.2t | ₩504.4b | 4.9x | 20.8x | 2x |
| Fri, 19 Aug 2022 | ₩10.7t | ₩4.4t | ₩533.9b | 4.9x | 20x | 2.4x |
| Sun, 17 Jul 2022 | ₩10.0t | ₩4.4t | ₩533.9b | 4.7x | 18.7x | 2.3x |
| Tue, 14 Jun 2022 | ₩11.7t | ₩4.3t | ₩528.7b | 5.1x | 22.2x | 2.8x |
| Thu, 12 May 2022 | ₩11.7t | ₩4.0t | ₩540.1b | 6.2x | 21.6x | 2.9x |
| Sat, 09 Apr 2022 | ₩11.5t | ₩3.7t | ₩541.2b | 6.3x | 21.2x | 3.1x |
| Mon, 07 Mar 2022 | ₩11.1t | ₩3.0t | ₩388.7b | 10x | 28.7x | 3.7x |
| Wed, 02 Feb 2022 | ₩10.6t | ₩3.0t | ₩388.7b | 10.2x | 27.3x | 3.6x |
| Fri, 31 Dec 2021 | ₩10.6t | ₩3.0t | ₩388.7b | 10x | 27.2x | 3.6x |
| Sun, 28 Nov 2021 | ₩10.2t | ₩2.7t | ₩731.8b | 9.7x | 13.9x | 3.8x |
Price to Earnings Ratio
13.9x
Current Industry PE
- Investors are optimistic on the South Korean Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 579x which is higher than its 3-year average PE of 73.9x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 72% per year over the last three years.
- Meanwhile revenues for these companies have grown 28% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the South Korean Real Estate sector?
| KR Market | 2.33% | |
| Real Estate | 3.18% | |
| Hotel and Resort REITs | 17.65% | |
| REITS | 5.15% | |
| Industrial REITs | 4.69% | |
| Specialized REITs | 3.20% | |
| Residential REITs | 2.95% | |
| Office REITs | 2.95% | |
| Health Care REITs | 0% | |
| Retail REITs | -0.015% | |
| Real Estate | -0.60% | |
Industry PE
- Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 46.7x.
- Analysts are expecting annual earnings growth of 12.8%, which is higher than its past year's earnings decline of 44.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings decline of 78% per year.
- In contrast, the REITS industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| A293940 Shinhan Alpha REIT | ₩5.70k | 5.2% +₩33.9b | -11.1% | n/a | |
| A395400 SK Reits | ₩4.74k | 2.4% +₩30.0b | 18.5% | n/a | |
| A365550 ESR Kendall Square REIT | ₩4.79k | 2.9% +₩28.8b | 31.8% | n/a | |
| A094800 Mirae Asset Asia Pacific Real Estate 1 Investment | ₩4.47k | 5.8% +₩22.7b | 11.2% | n/a | |
| A348950 JR Global REIT | ₩2.97k | 4.0% +₩22.7b | -28.6% | n/a |