S P Setia Berhad (KLSE:SPSETIA) Has A Pretty Healthy Balance Sheet
Oct 17
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Malaysian (KLSE) Real Estate Sector Analysis
UpdatedOct 22, 2024
DataAggregated Company Financials
Companies108
- 7D1.7%
- 3M-0.8%
- 1Y25.8%
- YTD22.8%
In the last week, the Real Estate industry is up 2.1%, with IOI Properties Group Berhad up 7.2%. This takes the industry's 12 month performance to a gain of 27%. Looking forward, earnings are forecast to decline by 1.5% per year.
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 |
|---|---|---|---|---|---|---|
| Tue, 22 Oct 2024 | RM 140.9b | RM 51.0b | RM 10.0b | 13.5x | 14.1x | 2.8x |
| Thu, 19 Sep 2024 | RM 134.7b | RM 50.6b | RM 9.8b | 13.2x | 13.7x | 2.7x |
| Sat, 17 Aug 2024 | RM 133.6b | RM 50.2b | RM 8.3b | 14.9x | 16.1x | 2.7x |
| Mon, 15 Jul 2024 | RM 138.3b | RM 49.3b | RM 7.9b | 15.2x | 17.6x | 2.8x |
| Wed, 12 Jun 2024 | RM 137.7b | RM 48.7b | RM 7.6b | 15.4x | 18.1x | 2.8x |
| Fri, 10 May 2024 | RM 131.1b | RM 47.1b | RM 7.3b | 14.6x | 17.9x | 2.8x |
| Sun, 07 Apr 2024 | RM 126.3b | RM 46.9b | RM 7.3b | 14.4x | 17.3x | 2.7x |
| Tue, 05 Mar 2024 | RM 117.6b | RM 46.6b | RM 7.4b | 13.9x | 16x | 2.5x |
| Thu, 01 Feb 2024 | RM 117.6b | RM 46.3b | RM 7.3b | 13.4x | 16.1x | 2.5x |
| Sat, 30 Dec 2023 | RM 112.1b | RM 46.1b | RM 7.1b | 13x | 15.7x | 2.4x |
| Mon, 27 Nov 2023 | RM 111.5b | RM 45.4b | RM 7.0b | 13x | 15.9x | 2.5x |
| Wed, 25 Oct 2023 | RM 109.9b | RM 44.3b | RM 7.3b | 14.1x | 15x | 2.5x |
| Fri, 22 Sep 2023 | RM 111.8b | RM 44.2b | RM 7.1b | 14.9x | 15.7x | 2.5x |
| Sun, 20 Aug 2023 | RM 106.9b | RM 43.1b | RM 6.9b | 14.1x | 15.5x | 2.5x |
| Tue, 18 Jul 2023 | RM 99.7b | RM 43.0b | RM 6.9b | 12.8x | 14.3x | 2.3x |
| Thu, 15 Jun 2023 | RM 96.0b | RM 42.2b | RM 6.7b | 12.8x | 14.3x | 2.3x |
| Sat, 13 May 2023 | RM 95.0b | RM 40.6b | RM 6.2b | 12.6x | 15.4x | 2.3x |
| Mon, 10 Apr 2023 | RM 96.0b | RM 40.5b | RM 6.3b | 12.4x | 15.2x | 2.4x |
| Wed, 08 Mar 2023 | RM 94.0b | RM 40.7b | RM 6.0b | 12.2x | 15.7x | 2.3x |
| Fri, 03 Feb 2023 | RM 95.4b | RM 40.0b | RM 5.8b | 12.9x | 16.3x | 2.4x |
| Sun, 01 Jan 2023 | RM 88.1b | RM 39.8b | RM 5.3b | 12x | 16.5x | 2.2x |
| Tue, 29 Nov 2022 | RM 87.5b | RM 38.6b | RM 5.1b | 12.8x | 17.1x | 2.3x |
| Thu, 27 Oct 2022 | RM 84.0b | RM 36.5b | RM 4.1b | 13x | 20.3x | 2.3x |
| Sat, 24 Sep 2022 | RM 86.2b | RM 36.3b | RM 4.4b | 13.8x | 19.7x | 2.4x |
| Mon, 22 Aug 2022 | RM 89.2b | RM 35.4b | RM 4.0b | 14.7x | 22.2x | 2.5x |
| Wed, 20 Jul 2022 | RM 84.5b | RM 35.2b | RM 3.8b | 14.1x | 22.2x | 2.4x |
| Fri, 17 Jun 2022 | RM 87.2b | RM 35.2b | RM 3.5b | 14.8x | 24.7x | 2.5x |
| Sun, 15 May 2022 | RM 91.0b | RM 35.9b | RM 3.7b | 15.1x | 24.8x | 2.5x |
| Tue, 12 Apr 2022 | RM 92.7b | RM 36.1b | RM 3.6b | 14.9x | 25.6x | 2.6x |
| Thu, 10 Mar 2022 | RM 89.6b | RM 36.5b | RM 3.8b | 14.2x | 23.6x | 2.5x |
| Sat, 05 Feb 2022 | RM 90.7b | RM 36.3b | RM 3.2b | 15.6x | 28.8x | 2.5x |
| Mon, 03 Jan 2022 | RM 91.9b | RM 36.2b | RM 2.8b | 14.2x | 32.3x | 2.5x |
| Wed, 01 Dec 2021 | RM 92.0b | RM 36.5b | RM 2.9b | 13.4x | 31.2x | 2.5x |
| Fri, 29 Oct 2021 | RM 99.9b | RM 38.5b | RM 2.8b | 13.8x | 35.6x | 2.6x |
Price to Earnings Ratio
35.6x
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 14.2x which is lower than its 3-year average PE of 19.4x.
- The 3-year average PS ratio of 2.5x 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 53% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 | 0.42% | |
| Real Estate | 1.68% | |
| Health Care REITs | 3.70% | |
| Real Estate | 2.49% | |
| Office REITs | 0.95% | |
| Retail REITs | 0.28% | |
| Industrial REITs | 0.25% | |
| REITS | 0.032% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | -2.44% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 18.2x.
- Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 9.8% per year.
- Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading close to its 3-year average of 12.3x.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 5.7% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 25% 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 | RM 2.38 | 7.2% +RM 881.0m | 30.8% | PE6.4x | |
| SPSETIA S P Setia Berhad | RM 1.42 | 10.1% +RM 631.7m | 62.3% | PE15x | |
| SIMEPROP Sime Darby Property Berhad | RM 1.50 | 3.4% +RM 340.0m | 143.9% | PE18.2x | |
| ECOWLD Eco World Development Group Berhad | RM 1.86 | 3.3% +RM 176.9m | 84.2% | PE24.5x | |
| PAVREIT Pavilion Real Estate Investment Trust | RM 1.56 | 2.6% +RM 146.4m | 30.0% | PB1.2x |
