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Dutch (AEX) Real Estate Sector Analysis

UpdatedNov 26, 2022
DataAggregated Company Financials
Companies8
  • 7D2.9%
  • 3M-8.2%
  • 1Y-23.2%
  • YTD-25.4%

Over the last 7 days, the Real Estate industry has risen 3.6%, driven by gains from CTP of 5.2%. In the past year, the industry is down 28%. As for the next few years, earnings are expected to grow by 48% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022€14.7b€3.8b€1.6b4.3x9x3.9x
Tue, 25 Oct 2022€13.0b€3.7b€1.6b4.1x7.9x3.5x
Thu, 22 Sep 2022€14.5b€3.7b€1.7b4.3x8.5x3.9x
Sat, 20 Aug 2022€16.6b€3.7b€1.5b6.3x10.9x4.5x
Mon, 18 Jul 2022€14.3b€3.0b€50.2m8.5x284.8x4.8x
Wed, 15 Jun 2022€15.2b€3.0b€57.0m8.7x267.3x5.1x
Fri, 13 May 2022€18.1b€3.0b€94.9m8.4x190.6x6.1x
Sun, 10 Apr 2022€19.5b€3.0b€140.5m6.4x138.5x6.6x
Tue, 08 Mar 2022€16.0b€2.9b-€481,187,041.005.6x-33.2x5.4x
Thu, 03 Feb 2022€19.2b€2.1b-€3,543,887,041.006.2x-5.4x9.2x
Sat, 01 Jan 2022€18.7b€2.1b-€3,683,964,041.005.6x-5.1x9x
Mon, 29 Nov 2021€18.4b€2.1b-€3,683,964,041.005.3x-5x8.8x
Wed, 27 Oct 2021€19.6b€2.1b-€3,772,181,041.006.7x-5.2x9.5x
Fri, 24 Sep 2021€19.7b€2.1b-€3,704,962,041.0010x-5.3x9.6x
Sun, 22 Aug 2021€29.9b€2.1b-€3,707,877,041.0017.3x-8.1x14.4x
Fri, 09 Jul 2021€29.0b€2.1b-€3,707,877,041.0016.6x-7.8x14x
Thu, 01 Apr 2021€26.0b€2.0b-€5,443,911,541.0033.5x-4.8x12.8x
Sun, 03 Jan 2021€17.7b€1.6b-€7,392,772,628.0093.6x-2.4x10.9x
Wed, 07 Oct 2020€10.4b€2.6b-€5,314,231,000.00348.9x-2x3.9x
Tue, 30 Jun 2020€13.7b€3.0b-€3,902,373,000.00613.8x-3.5x4.5x
Fri, 03 Apr 2020€12.6b€3.5b-€1,390,642,000.0034.3x-9x3.6x
Mon, 06 Jan 2020€33.2b€4.0b€1.1b17.6x29.6x8.3x
Price to Earnings Ratio

24.8x


Total Market Cap: €34.2bTotal Earnings: €1.4bTotal Revenue: €4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Real Estate Sector Price to Earnings3Y Average 27x202020212022
Current Industry PE
  • Investors are pessimistic on the Dutch 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 9.0x which is lower than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 7.5x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 6.0% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Dutch Real Estate sector?

NL Market1.18%
Real Estate2.89%
Real Estate5.06%
REITS1.87%
Industry PE
  • Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 2.2x.
    • Analysts are expecting annual earnings growth of 69.8%, which is higher than its past year's earnings growth of 60.7% per year.
  • 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 2.0x.
Forecasted Growth
  • Analysts are most optimistic on the REITS industry, expecting annual earnings growth of 70% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 2.6% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CTPNV CTP€10.605.2%
+€230.9m
-44.6%PB0.9x
URW Unibail-Rodamco-Westfield€52.752.4%
+€173.5m
-9.8%PB0.4x
VASTN Vastned Retail€21.802.3%
+€8.6m
-3.8%PB0.5x
ECMPA Eurocommercial Properties€23.200.4%
+€5.2m
30.9%PB0.6x
WHA Wereldhave€13.800.5%
+€2.8m
11.5%PB0.6x
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Latest News

VASTN

€21.80

Vastned Retail

7D

2.3%

1Y

-3.8%

WHA

€13.80

Wereldhave

7D

0.5%

1Y

11.5%

NSI

€24.75

NSI

7D

-1.4%

1Y

-28.5%

CTPNV

€10.60

CTP

7D

5.2%

1Y

-44.6%

ECMPA

€23.20

Eurocommercial Properties

7D

0.4%

1Y

30.9%

URW

€52.75

Unibail-Rodamco-Westfield

7D

2.4%

1Y

-9.8%

ECT

€8.50

Eurocastle Investment

7D

-5.0%

1Y

-9.1%