The Price Is Right For IOI Properties Group Berhad (KLSE:IOIPG)
May 10
Malaysian (KLSE) Real Estate Sector Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies107
- 7D2.5%
- 3M10.9%
- 1Y30.7%
- YTD15.8%
The Real Estate industry is up 2.5% in the last week, with IOI Properties Group Berhad up 12%. This means that the industry has gained 31% over the past year. As for the next few years, earnings are expected to grow by 5.9% per annum.
Sector Valuation and Performance
Has the Malaysian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | RM131.1b | RM47.1b | RM7.3b | 14.6x | 17.9x | 2.8x |
| Sun, 07 Apr 2024 | RM126.3b | RM46.9b | RM7.3b | 14.4x | 17.3x | 2.7x |
| Tue, 05 Mar 2024 | RM117.6b | RM46.6b | RM7.4b | 13.9x | 16x | 2.5x |
| Thu, 01 Feb 2024 | RM117.6b | RM46.3b | RM7.3b | 13.4x | 16.1x | 2.5x |
| Sat, 30 Dec 2023 | RM112.1b | RM46.1b | RM7.1b | 13x | 15.7x | 2.4x |
| Mon, 27 Nov 2023 | RM111.5b | RM45.4b | RM7.0b | 13x | 15.9x | 2.5x |
| Wed, 25 Oct 2023 | RM109.9b | RM44.3b | RM7.3b | 14.1x | 15x | 2.5x |
| Fri, 22 Sep 2023 | RM111.8b | RM44.2b | RM7.1b | 14.9x | 15.7x | 2.5x |
| Sun, 20 Aug 2023 | RM106.9b | RM43.1b | RM6.9b | 14.1x | 15.5x | 2.5x |
| Tue, 18 Jul 2023 | RM99.7b | RM43.0b | RM6.9b | 12.8x | 14.3x | 2.3x |
| Thu, 15 Jun 2023 | RM96.0b | RM42.2b | RM6.7b | 12.8x | 14.3x | 2.3x |
| Sat, 13 May 2023 | RM95.0b | RM40.6b | RM6.2b | 12.6x | 15.4x | 2.3x |
| Mon, 10 Apr 2023 | RM96.0b | RM40.5b | RM6.3b | 12.4x | 15.2x | 2.4x |
| Wed, 08 Mar 2023 | RM94.0b | RM40.7b | RM6.0b | 12.2x | 15.7x | 2.3x |
| Fri, 03 Feb 2023 | RM95.4b | RM40.0b | RM5.8b | 12.9x | 16.3x | 2.4x |
| Sun, 01 Jan 2023 | RM88.1b | RM39.8b | RM5.3b | 12x | 16.5x | 2.2x |
| Tue, 29 Nov 2022 | RM87.5b | RM38.6b | RM5.1b | 12.8x | 17.1x | 2.3x |
| Thu, 27 Oct 2022 | RM84.0b | RM36.5b | RM4.1b | 13x | 20.3x | 2.3x |
| Sat, 24 Sep 2022 | RM86.2b | RM36.3b | RM4.4b | 13.8x | 19.7x | 2.4x |
| Mon, 22 Aug 2022 | RM89.2b | RM35.4b | RM4.0b | 14.7x | 22.2x | 2.5x |
| Wed, 20 Jul 2022 | RM84.5b | RM35.2b | RM3.8b | 14.1x | 22.2x | 2.4x |
| Fri, 17 Jun 2022 | RM87.2b | RM35.2b | RM3.5b | 14.8x | 24.7x | 2.5x |
| Sun, 15 May 2022 | RM91.0b | RM35.9b | RM3.7b | 15.1x | 24.8x | 2.5x |
| Tue, 12 Apr 2022 | RM92.7b | RM36.1b | RM3.6b | 14.9x | 25.6x | 2.6x |
| Thu, 10 Mar 2022 | RM89.6b | RM36.5b | RM3.8b | 14.2x | 23.6x | 2.5x |
| Sat, 05 Feb 2022 | RM90.7b | RM36.3b | RM3.2b | 15.6x | 28.8x | 2.5x |
| Mon, 03 Jan 2022 | RM91.9b | RM36.2b | RM2.8b | 14.2x | 32.3x | 2.5x |
| Wed, 01 Dec 2021 | RM92.0b | RM36.5b | RM2.9b | 13.4x | 31.2x | 2.5x |
| Fri, 29 Oct 2021 | RM99.9b | RM38.5b | RM2.8b | 13.8x | 35.6x | 2.6x |
| Sun, 26 Sep 2021 | RM93.7b | RM39.0b | RM2.9b | 13.1x | 32.1x | 2.4x |
| Tue, 24 Aug 2021 | RM92.2b | RM39.4b | RM2.9b | 12.9x | 31.3x | 2.3x |
| Wed, 30 Jun 2021 | RM89.9b | RM39.4b | RM2.9b | 12.8x | 30.5x | 2.3x |
Price to Earnings Ratio
50.9x
Current Industry PE
- Investors are pessimistic on the Malaysian 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 17.9x which is lower than its 3-year average PE of 22.1x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 60% per year over the last three years.
- Revenues for these companies have grown 8.2% 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 Malaysian Real Estate sector?
| MY Market | 1.72% | |
| Real Estate | 2.55% | |
| Real Estate | 4.15% | |
| Industrial REITs | 3.59% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Retail REITs | -0.34% | |
| REITS | -0.52% | |
| Health Care REITs | -0.77% | |
| Office REITs | -0.88% | |
| Hotel and Resort REITs | -1.67% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 27.1% per year.
- Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading close to its 3-year average of 12.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|
| IOIPG IOI Properties Group Berhad | RM2.35 | 11.9% +RM1.4b | 100.9% | PE20x | |
| UEMS UEM Sunrise Berhad | RM1.15 | 8.5% +RM455.3m | 351.0% | PE75.6x | |
| SPSETIA S P Setia Berhad | RM1.51 | 4.1% +RM277.4m | 177.1% | PE35.4x | |
| UOADEV UOA Development Bhd | RM1.99 | 5.3% +RM249.0m | 15.0% | PE17.7x | |
| SIMEPROP Sime Darby Property Berhad | RM0.99 | 3.6% +RM238.0m | 114.0% | PE16.6x |
