CTP (AMS:CTPNV) Is Posting Solid Earnings, But It Is Not All Good News
Nov 14
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Dutch (AEX) Real Estate Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies8
- 7D-2.0%
- 3M-8.8%
- 1Y-1.9%
- YTD-1.0%
Over the last 7 days, the Real Estate industry has dropped 2.0%, driven by a pullback from CTP of 2.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Dutch Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €9.7b | €1.4b | €861.6m | 17.4x | 11.2x | 6.9x |
| Tue, 19 Nov 2024 | €9.5b | €1.4b | €861.8m | 17.3x | 11.1x | 6.8x |
| Thu, 17 Oct 2024 | €11.0b | €1.4b | €1.1b | 17.1x | 10.4x | 8x |
| Sat, 14 Sep 2024 | €10.5b | €1.4b | €1.1b | 7.7x | 9.9x | 7.7x |
| Mon, 12 Aug 2024 | €10.1b | €1.4b | €1.0b | 6.7x | 10x | 7.4x |
| Wed, 10 Jul 2024 | €9.9b | €1.3b | €826.4m | 7.6x | 12x | 7.5x |
| Fri, 07 Jun 2024 | €10.4b | €1.3b | €826.4m | 7.9x | 12.5x | 7.9x |
| Sun, 05 May 2024 | €10.0b | €1.3b | €809.4m | 7.7x | 12.3x | 7.8x |
| Tue, 02 Apr 2024 | €10.0b | €1.3b | €760.6m | 8x | 13.1x | 7.8x |
| Thu, 29 Feb 2024 | €9.1b | €1.2b | €938.2m | 7.4x | 9.7x | 7.3x |
| Sat, 27 Jan 2024 | €16.5b | €4.2b | €1.1b | 19.1x | 14.8x | 3.9x |
| Mon, 25 Dec 2023 | €16.2b | €4.2b | €1.1b | 19.8x | 14.6x | 3.9x |
| Wed, 22 Nov 2023 | €15.8b | €4.2b | €1.1b | 18.9x | 14.2x | 3.8x |
| Fri, 20 Oct 2023 | €14.9b | €4.2b | €979.5m | 12.3x | 15.3x | 3.6x |
| Sun, 17 Sep 2023 | €15.3b | €4.2b | €855.1m | 13.2x | 17.9x | 3.7x |
| Tue, 15 Aug 2023 | €14.9b | €4.2b | €942.2m | 8.2x | 15.8x | 3.6x |
| Thu, 13 Jul 2023 | €14.9b | €4.1b | €1.3b | 10.7x | 11.5x | 3.6x |
| Sat, 10 Jun 2023 | €15.0b | €4.1b | €1.3b | 10x | 11.6x | 3.6x |
| Mon, 08 May 2023 | €14.6b | €4.1b | €1.2b | 9.6x | 12.6x | 3.5x |
| Wed, 05 Apr 2023 | €14.7b | €4.1b | €1.2b | 10x | 12.1x | 3.6x |
| Fri, 03 Mar 2023 | €16.4b | €4.1b | €1.8b | 10.5x | 9x | 4x |
| Sun, 29 Jan 2023 | €27.7b | €3.8b | €1.6b | 5.9x | 16.9x | 7.4x |
| Tue, 27 Dec 2022 | €14.2b | €3.8b | €1.6b | 4.2x | 8.6x | 3.8x |
| Thu, 24 Nov 2022 | €14.4b | €3.8b | €1.6b | 4.3x | 8.7x | 3.8x |
| Sat, 22 Oct 2022 | €13.0b | €3.7b | €1.6b | 4.1x | 7.9x | 3.5x |
| Mon, 19 Sep 2022 | €15.6b | €3.7b | €1.7b | 4.6x | 9.2x | 4.2x |
| Wed, 17 Aug 2022 | €17.2b | €3.7b | €1.5b | 6.5x | 11.3x | 4.7x |
| Fri, 15 Jul 2022 | €14.1b | €3.0b | €57.1m | 8.3x | 246.3x | 4.7x |
| Sun, 12 Jun 2022 | €16.7b | €3.0b | €57.0m | 9x | 292.2x | 5.6x |
| Tue, 10 May 2022 | €17.3b | €2.7b | €94.9m | 8.2x | 181.9x | 6.4x |
| Thu, 07 Apr 2022 | €19.2b | €3.0b | €140.5m | 6.4x | 136.6x | 6.5x |
| Sat, 05 Mar 2022 | €16.9b | €2.9b | -€481,187,041.00 | 5.9x | -35.2x | 5.7x |
| Mon, 31 Jan 2022 | €18.7b | €2.1b | -€3,543,887,041.00 | 6.2x | -5.3x | 9x |
| Wed, 29 Dec 2021 | €18.2b | €2.1b | -€3,683,964,041.00 | 5.6x | -5x | 8.8x |
Price to Earnings Ratio
-5x
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 11.2x which is lower than its 3-year average PE of 35.3x.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 12% per year.
- This means that less sales are being generated overall, but since the 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 Market | -1.71% | |
| Real Estate | -1.95% | |
| Retail REITs | 0.38% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Real Estate | -2.56% | |
| Office REITs | -3.56% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 31.2x.
- Analysts are expecting annual earnings growth of 34.0%, which is higher than its past year's earnings decline of 32.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 73% over the next 5 years.
- In contrast, the Real Estate industry is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|
| VASTN Vastned Retail | €21.70 | 4.8% +€17.2m | 6.9% | PB0.6x | |
| ECT Eurocastle Investment | €9.40 | 27.0% +€2.0m | 17.5% | PS20.4x | |
| WHA Wereldhave | €13.82 | 0.3% +€1.7m | -5.1% | PB0.6x |