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Nigerian (NSE) Real Estate Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies5
  • 7D-1.0%
  • 3M3.8%
  • 1Y42.3%
  • YTD-2.9%

Over the last 7 days, the Real Estate industry has dropped 4.0%, driven by declines from every company within the industry. In the past year, the industry has gained 38%.

Sector Valuation and Performance

Has the Nigerian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024₦49.3b₦8.2b₦2.9b6.8x16.9x6x
Sat, 24 Feb 2024₦50.8b₦10.7b₦3.1b8x16.6x4.8x
Mon, 22 Jan 2024₦61.9b₦10.6b₦3.0b9.6x20.7x5.9x
Wed, 20 Dec 2023₦43.7b₦10.6b₦3.0b8.3x14.6x4.1x
Fri, 17 Nov 2023₦41.4b₦9.8b₦2.5b6.6x16.3x4.2x
Sun, 15 Oct 2023₦42.7b₦9.7b₦2.5b6.9x16.9x4.4x
Tue, 12 Sep 2023₦39.9b₦9.7b₦2.5b6.7x15.8x4.1x
Thu, 10 Aug 2023₦38.0b₦9.7b₦2.5b5.9x15.1x3.9x
Sat, 08 Jul 2023₦40.2b₦8.6b₦2.3b6.7x17.8x4.7x
Mon, 05 Jun 2023₦36.3b₦8.5b₦2.5b7.6x14.7x4.3x
Wed, 03 May 2023₦35.0b₦8.5b₦2.5b7.6x14.1x4.1x
Fri, 31 Mar 2023₦34.7b₦3.0b-₦5,861,368,344.008.2x-5.9x11.7x
Sun, 26 Feb 2023₦35.3b₦3.0b-₦5,861,368,344.008.2x-6x11.9x
Tue, 24 Jan 2023₦34.2b₦3.0b-₦5,875,809,344.008.9x-5.8x11.5x
Thu, 22 Dec 2022₦33.6b₦3.0b-₦5,864,978,344.008.9x-5.7x11.4x
Sat, 19 Nov 2022₦31.8b₦3.1b-₦5,703,314,344.008.9x-5.6x10.4x
Mon, 17 Oct 2022₦33.5b₦3.1b-₦5,701,654,344.008.8x-5.9x10.9x
Wed, 14 Sep 2022₦36.3b₦3.1b-₦5,701,654,344.008.8x-6.4x11.8x
Fri, 12 Aug 2022₦37.6b₦3.1b-₦5,701,654,344.008.8x-6.6x12.2x
Sun, 10 Jul 2022₦41.1b₦3.1b-₦5,702,330,344.008.9x-7.2x13.4x
Tue, 07 Jun 2022₦36.4b₦3.0b-₦5,705,509,344.008.9x-6.4x12x
Thu, 05 May 2022₦38.6b₦3.0b-₦5,705,509,344.008.9x-6.8x12.7x
Sat, 02 Apr 2022₦31.2b₦4.3b₦2.2b7x14.3x7.3x
Mon, 28 Feb 2022₦37.5b₦4.3b₦2.2b7.3x17.2x8.8x
Wed, 26 Jan 2022₦40.3b₦4.3b₦2.2b7.4x18.3x9.4x
Fri, 24 Dec 2021₦42.4b₦4.5b₦2.5b7.1x17.2x9.4x
Sun, 21 Nov 2021₦51.8b₦4.5b₦2.5b8.1x21x11.5x
Tue, 19 Oct 2021₦58.6b₦4.5b₦2.5b8.1x23.8x13x
Thu, 16 Sep 2021₦56.2b₦4.5b₦2.5b8.1x22.9x12.5x
Sat, 14 Aug 2021₦45.9b₦4.5b₦2.5b7.7x18.7x10.2x
Wed, 09 Jun 2021₦38.1b₦4.5b₦2.5b8x15.5x8.5x
Price to Earnings Ratio

15.3x


Total Market Cap: ₦37.5bTotal Earnings: ₦2.5bTotal Revenue: ₦4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Real Estate Sector Price to Earnings3Y Average 9.7x202220232024
Current Industry PE
  • Investors are optimistic on the Nigerian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.4x which is higher than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 8.8x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Nigerian Real Estate sector?

NG Market0.45%
Real Estate-1.02%
Real Estate1.90%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
REITS-5.21%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 88.8x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.4x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UPDC UPDC₦1.502.0%
+₦556.8m
56.3%PE140.1x
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Latest News

UPDC

₦1.50

UPDC

7D

2.0%

1Y

56.3%