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Filipino (PSEi) Real Estate Sector Analysis

UpdatedDec 05, 2022
DataAggregated Company Financials
Companies57
  • 7D-2.2%
  • 3M-5.7%
  • 1Y-12.8%
  • YTD-11.1%

Over the last 7 days, the Real Estate industry has dropped 2.2%, driven by a pullback from SM Prime Holdings of 3.1%. Meanwhile, RL Commercial REIT actually outperformed within the industry, gaining 9.8% in the last week. However, the industry is down 13% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Dec 2022₱2.2t₱584.5b₱148.3b8.6x14.6x3.7x
Thu, 03 Nov 2022₱2.1t₱547.3b₱138.5b7.4x14.8x3.7x
Sat, 01 Oct 2022₱2.0t₱544.7b₱137.0b8x14.7x3.7x
Mon, 29 Aug 2022₱2.3t₱544.7b₱137.0b8.4x17x4.3x
Wed, 27 Jul 2022₱2.2t₱512.9b₱139.3b8.4x15.8x4.3x
Fri, 24 Jun 2022₱2.2t₱512.9b₱139.3b8.1x15.6x4.2x
Sun, 22 May 2022₱2.4t₱510.0b₱131.5b9.3x18.1x4.7x
Tue, 19 Apr 2022₱2.5t₱504.5b₱117.4b11.1x21.2x4.9x
Thu, 17 Mar 2022₱2.5t₱491.9b₱107.9b13.9x23.4x5.1x
Sat, 12 Feb 2022₱2.6t₱485.5b₱102.8b11.7x25.2x5.3x
Mon, 10 Jan 2022₱2.4t₱485.2b₱102.8b11.2x23.3x4.9x
Wed, 08 Dec 2021₱2.5t₱484.8b₱102.5b12.7x24.3x5.1x
Fri, 05 Nov 2021₱2.5t₱482.6b₱102.9b11.5x23.9x5.1x
Sun, 03 Oct 2021₱2.3t₱478.0b₱100.8b11.6x22.8x4.8x
Tue, 31 Aug 2021₱2.2t₱479.7b₱101.9b12.3x21.9x4.6x
Wed, 07 Jul 2021₱2.3t₱479.0b₱100.8b12.8x23.3x4.9x
Sat, 10 Apr 2021₱2.3t₱448.9b₱84.7b14.5x26.8x5.1x
Fri, 01 Jan 2021₱2.5t₱466.5b₱85.9b15x29x5.3x
Mon, 05 Oct 2020₱1.9t₱532.4b₱120.7b8.6x15.8x3.6x
Thu, 09 Jul 2020₱2.1t₱582.0b₱143.4b8.5x14.4x3.5x
Wed, 01 Apr 2020₱1.9t₱662.0b₱168.2b6.7x11.2x2.9x
Sat, 04 Jan 2020₱2.8t₱669.3b₱171.8b9.1x16.4x4.2x
Price to Earnings Ratio

16.4x


Total Market Cap: ₱2.8tTotal Earnings: ₱171.8bTotal Revenue: ₱669.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Real Estate Sector Price to Earnings3Y Average 19.5x20212022
Current Industry PE
  • Investors are pessimistic on the Filipino 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 14.6x which is lower than its 3-year average PE of 19.5x.
  • The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 4.8% per year over the last three years,
  • Revenues have also declined 4.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

PH Market-0.95%
Real Estate-2.16%
REITS6.60%
Real Estate-3.03%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 18.5%, which is lower than the prior year's growth of 34.4% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 29.0x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 34% per year.
  • In contrast, the REITS industry is expected to see its earnings grow by 5.6% 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
RCR RL Commercial REIT₱5.829.8%
+₱5.6b
-20.7%PB0.9x
STR Vistamalls₱3.4611.6%
+₱3.0b
-8.5%PB0.8x
MREIT MREIT₱12.268.7%
+₱2.5b
-33.0%PB0.6x
AREIT AREIT₱35.004.5%
+₱2.3b
-25.0%PB1.1x
FDC Filinvest Development₱6.593.0%
+₱1.6b
-15.5%PB0.5x
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Latest News

STR

₱3.46

Vistamalls

7D

11.6%

1Y

-8.5%

CREIT

₱2.28

Citicore Energy REIT

7D

1.8%

1Y

n/a

ALI

₱29.30

Ayala Land

7D

-2.2%

1Y

-17.5%

MEG

₱2.28

Megaworld

7D

-1.7%

1Y

-27.6%

DD

₱6.81

DoubleDragon

7D

-2.0%

1Y

-6.5%

ALLHC

₱3.12

AyalaLand Logistics Holdings

7D

-1.9%

1Y

-46.8%

SMPH

₱34.00

SM Prime Holdings

7D

-3.1%

1Y

-4.8%

RLC

₱16.50

Robinsons Land

7D

-0.6%

1Y

-10.3%

ROCK

₱1.32

Rockwell Land

7D

2.3%

1Y

-12.0%

RCR

₱5.82

RL Commercial REIT

7D

9.8%

1Y

-20.7%

MREIT

₱12.26

MREIT

7D

8.7%

1Y

-33.0%

HOUSE

₱9.80

8990 Holdings

7D

-1.0%

1Y

-8.1%

FDC

₱6.59

Filinvest Development

7D

3.0%

1Y

-15.5%

BEL

₱1.24

Belle

7D

2.5%

1Y

-7.5%

AREIT

₱35.00

AREIT

7D

4.5%

1Y

-25.0%

ABA

₱2.04

AbaCore Capital Holdings

7D

-2.9%

1Y

110.3%