Corporación Inmobiliaria Vesta. de's (BMV:VESTA) Earnings Are Weaker Than They Seem
Nov 02
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Mexican (IPC) Real Estate Sector Analysis
UpdatedDec 13, 2024
DataAggregated Company Financials
Companies20
- 7D-0.1%
- 3M-2.7%
- 1Y-15.7%
- YTD-13.8%
Over the last 7 days, the Real Estate industry has risen 2.1%, driven by gains from Fibra UNO of 4.8%. In the past year, the industry is down 13%. In the next few years, earnings are forecast to decline by 26% annually.
Sector Valuation and Performance
Has the Mexican Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 13 Dec 2024 | Mex$510.2b | Mex$81.8b | Mex$71.9b | 7.4x | 7.1x | 6.2x |
| Sun, 10 Nov 2024 | Mex$497.1b | Mex$81.7b | Mex$71.9b | 7.5x | 6.9x | 6.1x |
| Tue, 08 Oct 2024 | Mex$517.0b | Mex$78.6b | Mex$71.9b | 7x | 7.2x | 6.6x |
| Thu, 05 Sep 2024 | Mex$504.0b | Mex$78.8b | Mex$72.1b | 7.1x | 7x | 6.4x |
| Sat, 03 Aug 2024 | Mex$505.0b | Mex$78.6b | Mex$71.8b | 7.1x | 7x | 6.4x |
| Mon, 01 Jul 2024 | Mex$496.4b | Mex$78.1b | Mex$69.7b | 5.7x | 7.1x | 6.4x |
| Wed, 29 May 2024 | Mex$523.9b | Mex$77.7b | Mex$69.1b | 5.9x | 7.6x | 6.7x |
| Fri, 26 Apr 2024 | Mex$534.3b | Mex$76.5b | Mex$64.3b | 7x | 8.3x | 7x |
| Sun, 24 Mar 2024 | Mex$536.2b | Mex$79.2b | Mex$63.5b | 7.1x | 8.4x | 6.8x |
| Tue, 20 Feb 2024 | Mex$538.2b | Mex$78.2b | Mex$69.4b | 6.7x | 7.8x | 6.9x |
| Thu, 18 Jan 2024 | Mex$640.6b | Mex$87.2b | Mex$68.7b | 9.5x | 9.3x | 7.3x |
| Sat, 16 Dec 2023 | Mex$648.1b | Mex$87.2b | Mex$68.7b | 9.2x | 9.4x | 7.4x |
| Mon, 13 Nov 2023 | Mex$617.5b | Mex$87.3b | Mex$68.9b | 8.5x | 9x | 7.1x |
| Wed, 11 Oct 2023 | Mex$602.8b | Mex$85.6b | Mex$62.6b | 10.2x | 9.6x | 7x |
| Fri, 08 Sep 2023 | Mex$595.8b | Mex$78.5b | Mex$60.3b | 10.4x | 9.9x | 7.6x |
| Sun, 06 Aug 2023 | Mex$601.0b | Mex$77.1b | Mex$57.4b | 11x | 10.5x | 7.8x |
| Tue, 04 Jul 2023 | Mex$590.6b | Mex$76.0b | Mex$56.3b | 11x | 10.5x | 7.8x |
| Thu, 01 Jun 2023 | Mex$570.5b | Mex$75.9b | Mex$55.7b | 12.3x | 10.2x | 7.5x |
| Sat, 29 Apr 2023 | Mex$576.5b | Mex$74.4b | Mex$54.7b | 13.9x | 10.5x | 7.7x |
| Mon, 27 Mar 2023 | Mex$316.2b | Mex$42.8b | Mex$32.7b | 18x | 9.7x | 7.4x |
| Wed, 22 Feb 2023 | Mex$576.6b | Mex$72.6b | Mex$56.4b | 8.6x | 10.2x | 7.9x |
| Fri, 20 Jan 2023 | Mex$561.9b | Mex$71.7b | Mex$60.5b | 8.6x | 9.3x | 7.8x |
| Sun, 18 Dec 2022 | Mex$539.5b | Mex$71.9b | Mex$60.7b | 9x | 8.9x | 7.5x |
| Tue, 15 Nov 2022 | Mex$542.0b | Mex$71.5b | Mex$60.6b | 8.4x | 8.9x | 7.6x |
| Thu, 13 Oct 2022 | Mex$519.3b | Mex$69.6b | Mex$55.8b | 8.8x | 9.3x | 7.5x |
| Sat, 10 Sep 2022 | Mex$524.1b | Mex$69.6b | Mex$55.7b | 8.8x | 9.4x | 7.5x |
| Mon, 08 Aug 2022 | Mex$528.4b | Mex$69.7b | Mex$55.8b | 8.9x | 9.5x | 7.6x |
| Wed, 06 Jul 2022 | Mex$516.6b | Mex$67.2b | Mex$53.0b | 8.4x | 9.7x | 7.7x |
| Fri, 03 Jun 2022 | Mex$415.6b | Mex$60.3b | Mex$46.9b | 8.1x | 8.9x | 6.9x |
| Sun, 01 May 2022 | Mex$324.4b | Mex$59.9b | Mex$42.1b | 7.8x | 7.7x | 5.4x |
| Tue, 29 Mar 2022 | Mex$320.7b | Mex$57.4b | Mex$37.4b | 7.5x | 8.6x | 5.6x |
| Thu, 24 Feb 2022 | Mex$366.7b | Mex$59.7b | Mex$39.0b | 10.5x | 9.4x | 6.1x |
| Sat, 22 Jan 2022 | Mex$315.2b | Mex$58.2b | Mex$29.4b | 15.6x | 10.7x | 5.4x |
| Mon, 20 Dec 2021 | Mex$303.5b | Mex$58.3b | Mex$29.5b | 15.2x | 10.3x | 5.2x |
Price to Earnings Ratio
10.3x
Current Industry PE
- Investors are pessimistic on the Mexican 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 7.1x which is lower than its 3-year average PE of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 12% 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 Mexican Real Estate sector?
| MX Market | 0.70% | |
| Real Estate | -0.11% | |
| Retail REITs | 4.00% | |
| Real Estate | 0.45% | |
| Hotel and Resort REITs | 0.0029% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Health Care REITs | 0% | |
| Office REITs | 0% | |
| REITS | -0.022% | |
| Industrial REITs | -0.51% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings decline of 62.9% per year.
- Investors are most pessimistic about the Retail REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.8x.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 63% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 47% 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 | |
|---|---|---|---|---|---|
| FMTY 14 Fibra MtyP.I. de | Mex$10.98 | 2.3% +Mex$609.4m | -5.4% | PB0.8x | |
| DANHOS 13 Fibra Danhos | Mex$21.50 | 1.8% +Mex$601.3m | 8.6% | PB0.6x | |
| VESTA * Corporación Inmobiliaria Vesta. de | Mex$50.37 | 0.6% +Mex$273.2m | -25.7% | PE6.1x | |
| FSHOP 13 Fibra Shop | Mex$7.80 | 4.0% +Mex$203.2m | 31.8% | PB0.3x | |
| FIBRAHD 15 Fideicomiso Irrevocable No. F/1523 | Mex$2.69 | 6.7% +Mex$74.3m | 37.2% | PB0.3x |