South Korean (KOSPI) Real Estate Sector Analysis
UpdatedOct 03, 2023
DataAggregated Company Financials
Companies33
- 7D-0.2%
- 3M-6.1%
- 1Y-13.3%
- YTD-6.0%
In the last week, Real Estate has been flat. As for the longer term, the industry has declined 13% in the last year. In the next few years, earnings are forecast to decline by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | ₩9.7t | ₩7.2t | ₩402.2b | 3.4x | 24.1x | 1.3x |
| Thu, 31 Aug 2023 | ₩9.8t | ₩7.3t | ₩463.3b | 3.6x | 21.1x | 1.3x |
| Sat, 29 Jul 2023 | ₩9.7t | ₩7.2t | ₩390.3b | 9.9x | 24.9x | 1.4x |
| Mon, 26 Jun 2023 | ₩10.4t | ₩7.2t | ₩389.6b | 10.6x | 26.6x | 1.4x |
| Wed, 24 May 2023 | ₩10.5t | ₩7.1t | ₩391.6b | 8.3x | 26.8x | 1.5x |
| Fri, 21 Apr 2023 | ₩10.1t | ₩6.7t | ₩424.0b | 6.8x | 23.7x | 1.5x |
| Sun, 19 Mar 2023 | ₩2.9t | ₩218.8b | ₩114.9b | 3x | 25.2x | 13.2x |
| Tue, 14 Feb 2023 | ₩9.8t | ₩6.0t | ₩482.3b | 4.2x | 20.2x | 1.6x |
| Thu, 12 Jan 2023 | ₩9.7t | ₩6.0t | ₩482.3b | 4.4x | 20.1x | 1.6x |
| Sat, 10 Dec 2022 | ₩9.6t | ₩6.0t | ₩482.3b | 4.7x | 19.9x | 1.6x |
| Mon, 07 Nov 2022 | ₩8.9t | ₩5.2t | ₩504.4b | 4x | 17.6x | 1.7x |
| Wed, 05 Oct 2022 | ₩9.7t | ₩5.2t | ₩504.4b | 4.4x | 19.3x | 1.9x |
| Fri, 02 Sep 2022 | ₩10.6t | ₩5.2t | ₩550.5b | 4.7x | 19.3x | 2.1x |
| Sun, 31 Jul 2022 | ₩10.3t | ₩4.4t | ₩533.9b | 4.7x | 19.3x | 2.3x |
| Tue, 28 Jun 2022 | ₩10.9t | ₩4.4t | ₩533.9b | 4.6x | 20.4x | 2.5x |
| Thu, 26 May 2022 | ₩11.7t | ₩3.8t | ₩544.9b | 6.1x | 21.5x | 3x |
| Sat, 23 Apr 2022 | ₩11.8t | ₩4.0t | ₩540.1b | 6.5x | 21.9x | 3x |
| Mon, 21 Mar 2022 | ₩11.3t | ₩3.3t | ₩475.3b | 6.6x | 23.8x | 3.5x |
| Wed, 16 Feb 2022 | ₩10.8t | ₩3.0t | ₩388.7b | 9.7x | 27.8x | 3.6x |
| Fri, 14 Jan 2022 | ₩10.6t | ₩3.0t | ₩388.7b | 10.4x | 27.2x | 3.6x |
| Sun, 12 Dec 2021 | ₩10.6t | ₩3.0t | ₩389.7b | 11.2x | 27.1x | 3.5x |
| Tue, 09 Nov 2021 | ₩10.4t | ₩2.9t | ₩726.2b | 8.5x | 14.3x | 3.6x |
| Thu, 07 Oct 2021 | ₩9.8t | ₩2.9t | ₩726.2b | 8x | 13.5x | 3.4x |
| Sat, 04 Sep 2021 | ₩9.1t | ₩3.2t | ₩765.4b | 18.1x | 11.9x | 2.8x |
| Mon, 02 Aug 2021 | ₩9.1t | ₩3.2t | ₩765.4b | 16.3x | 11.9x | 2.8x |
| Thu, 06 May 2021 | ₩8.7t | ₩2.8t | ₩689.1b | 13.5x | 12.6x | 3.1x |
| Sun, 07 Feb 2021 | ₩7.3t | ₩2.4t | ₩663.1b | 15.4x | 11x | 3.1x |
| Sat, 31 Oct 2020 | ₩6.2t | ₩2.2t | ₩714.9b | 7x | 8.7x | 2.9x |
Price to Earnings Ratio
8.5x
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 24.1x which is higher than its 3-year average PE of 18.4x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 49% 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 | -0.99% | |
| Real Estate | -0.16% | |
| Hotel and Resort REITs | 3.93% | |
| Industrial REITs | 0.53% | |
| Office REITs | 0.48% | |
| Residential REITs | 0% | |
| Health Care REITs | 0% | |
| Specialized REITs | -0.18% | |
| REITS | -0.39% | |
| Real Estate | -0.74% | |
| Retail REITs | -1.18% | |
Industry PE
- 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 6.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the REITS industry since they expect its earnings to decline by only 6.5% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 24% per year.
- In contrast, the Real Estate industry is expected to see its earnings decline by 14% 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 | |
|---|---|---|---|---|---|
| A348950 JR Global REIT | ₩4.07k | 1.0% +₩7.9b | -10.1% | n/a | |
| A432320 KB STAR REIT | ₩3.55k | 2.0% +₩7.1b | n/a | n/a | |
| A210980 SK D&D | ₩28.35k | 0.9% +₩6.0b | 24.6% | PE5.4x | |
| A400760 NH All-One REIT | ₩3.35k | 3.9% +₩5.3b | -20.1% | n/a | |
| A293940 Shinhan Alpha REIT | ₩6.13k | 0.8% +₩4.4b | -19.7% | n/a |