New Zealand (NZX) Real Estate Sector Analysis
- 7D0.8%
- 3M-7.9%
- 1Y-4.0%
- YTD-6.1%
Over the last 7 days, the Real Estate industry has remained flat. Unfortunately though, the industry is down 4.6% over the past 12 months.
Sector Valuation and Performance
Has the New Zealand Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 04 Dec 2021 | NZ$13.9b | NZ$1.3b | NZ$2.7b | 4.8x |
| Mon, 01 Nov 2021 | NZ$14.5b | NZ$1.2b | NZ$2.2b | 6x |
| Wed, 29 Sep 2021 | NZ$14.5b | NZ$1.2b | NZ$2.2b | 5.8x |
| Fri, 27 Aug 2021 | NZ$14.8b | NZ$1.2b | NZ$2.2b | 6x |
| Sat, 03 Jul 2021 | NZ$13.8b | NZ$1.2b | NZ$2.2b | 5.6x |
| Tue, 06 Apr 2021 | NZ$13.4b | NZ$1.2b | NZ$1.9b | 7.7x |
| Fri, 08 Jan 2021 | NZ$14.1b | NZ$1.1b | NZ$1.2b | 14.3x |
| Thu, 01 Oct 2020 | NZ$12.6b | NZ$1.1b | NZ$674.4m | 12.9x |
| Sun, 05 Jul 2020 | NZ$11.2b | NZ$1.1b | NZ$528.1m | 11.9x |
| Wed, 08 Apr 2020 | NZ$10.6b | NZ$1.1b | NZ$599.8m | 10.7x |
| Tue, 31 Dec 2019 | NZ$13.1b | NZ$1.0b | NZ$1.0b | 11x |
| Fri, 04 Oct 2019 | NZ$12.8b | NZ$1.0b | NZ$1.3b | 12.5x |
| Mon, 08 Jul 2019 | NZ$11.9b | NZ$1.0b | NZ$1.2b | 11.8x |
| Sun, 31 Mar 2019 | NZ$10.7b | NZ$1.0b | NZ$1.1b | 9.7x |
| Wed, 02 Jan 2019 | NZ$9.8b | NZ$1.0b | NZ$1.1b | 8.2x |
8.2x
Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.
Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 36% per year over the last three years, and revenues for these companies have grown 6.2% 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 New Zealand Real Estate sector?
| REITS | 0.83% | |
| Real Estate | 0% | |
Industry PE: Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 10.6x. However analysts are expecting annual earnings decline of 30%, which is lower than the prior year's growth of 184% per year. So the market might believe that analysts are underestimating future growth or they expect the REITS industry's earnings to deteriorate the least compared to other industries.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the REITS industry since they expect its earnings to decline by only 30% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 184% per year. Meanwhile, the Real Estate industry is expected to see its earnings decline by 40% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| GMT Goodman Property Trust | 2.4%+NZ$83.8m | 5.5% | PB1x | |
| ARG Argosy Property | 3.5%+NZ$42.2m | -2.6% | PB0.9x | |
| PCT Precinct Properties New Zealand | 0.6%+NZ$15.9m | -9.8% | PB1.1x | |
| IPL Investore Property | 1.6%+NZ$11.0m | -14.9% | PB0.9x | |
| KPG Kiwi Property Group | 0.4%+NZ$7.9m | -5.4% | PB0.8x |