Filipino (PSEi) Real Estate Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies52
- 7D-8.2%
- 3M-10.3%
- 1Y-7.7%
- YTD-11.7%
Over the last 7 days, the Real Estate industry has dropped 8.2%, driven by a pullback from SM Prime Holdings of 7.7%. In contrast, Keppel Philippines Properties has gained 132%. However, the industry is down 7.7% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Filipino Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₱1.7t | ₱677.7b | ₱177.5b | 6.1x | 9.6x | 2.5x |
| Sun, 17 Mar 2024 | ₱1.9t | ₱680.9b | ₱168.9b | 6.5x | 11.2x | 2.8x |
| Tue, 13 Feb 2024 | ₱2.0t | ₱662.6b | ₱165.2b | 6.8x | 12.1x | 3x |
| Thu, 11 Jan 2024 | ₱2.0t | ₱662.6b | ₱165.2b | 6.7x | 11.9x | 3x |
| Sat, 09 Dec 2023 | ₱1.9t | ₱662.0b | ₱164.9b | 6.4x | 11.5x | 2.9x |
| Mon, 06 Nov 2023 | ₱1.8t | ₱641.2b | ₱156.4b | 7x | 11.3x | 2.7x |
| Wed, 04 Oct 2023 | ₱1.8t | ₱641.3b | ₱156.3b | 7x | 11.5x | 2.8x |
| Fri, 01 Sep 2023 | ₱1.8t | ₱641.2b | ₱156.4b | 7x | 11.4x | 2.8x |
| Sun, 30 Jul 2023 | ₱1.9t | ₱625.1b | ₱145.7b | 6.3x | 13x | 3x |
| Tue, 27 Jun 2023 | ₱1.9t | ₱625.2b | ₱145.7b | 6.8x | 12.7x | 3x |
| Thu, 25 May 2023 | ₱1.9t | ₱626.1b | ₱145.7b | 6.6x | 13.1x | 3x |
| Sat, 22 Apr 2023 | ₱1.9t | ₱597.8b | ₱137.5b | 7.5x | 13.6x | 3.1x |
| Mon, 20 Mar 2023 | ₱1.9t | ₱579.1b | ₱130.4b | 8.1x | 14.4x | 3.2x |
| Wed, 15 Feb 2023 | ₱2.0t | ₱566.3b | ₱127.5b | 9.1x | 16.1x | 3.6x |
| Fri, 13 Jan 2023 | ₱2.1t | ₱566.3b | ₱127.5b | 8.7x | 16.4x | 3.7x |
| Sun, 11 Dec 2022 | ₱2.0t | ₱566.3b | ₱127.5b | 8.3x | 15.5x | 3.5x |
| Tue, 08 Nov 2022 | ₱1.9t | ₱528.9b | ₱118.6b | 7.4x | 15.9x | 3.6x |
| Thu, 06 Oct 2022 | ₱1.8t | ₱527.9b | ₱118.3b | 7.6x | 15.2x | 3.4x |
| Sat, 03 Sep 2022 | ₱2.1t | ₱527.9b | ₱118.3b | 8.1x | 17.4x | 3.9x |
| Mon, 01 Aug 2022 | ₱2.0t | ₱499.1b | ₱122.2b | 7.1x | 16.2x | 4x |
| Wed, 29 Jun 2022 | ₱2.0t | ₱498.4b | ₱121.4b | 7.3x | 16.8x | 4.1x |
| Fri, 27 May 2022 | ₱2.1t | ₱488.4b | ₱118.3b | 7.7x | 17.7x | 4.3x |
| Sun, 24 Apr 2022 | ₱2.2t | ₱493.4b | ₱108.3b | 10.8x | 20.3x | 4.4x |
| Tue, 22 Mar 2022 | ₱2.3t | ₱482.6b | ₱103.1b | 12.3x | 22.2x | 4.7x |
| Thu, 17 Feb 2022 | ₱2.4t | ₱477.9b | ₱99.7b | 11.8x | 23.8x | 5x |
| Sat, 15 Jan 2022 | ₱2.2t | ₱477.6b | ₱99.6b | 11.4x | 22.1x | 4.6x |
| Mon, 13 Dec 2021 | ₱2.2t | ₱477.2b | ₱99.4b | 12.7x | 22.3x | 4.6x |
| Wed, 10 Nov 2021 | ₱2.3t | ₱475.7b | ₱96.7b | 11.4x | 23.8x | 4.8x |
| Fri, 08 Oct 2021 | ₱2.1t | ₱473.5b | ₱96.4b | 10.9x | 22.1x | 4.5x |
| Sun, 05 Sep 2021 | ₱2.1t | ₱473.6b | ₱96.2b | 12.4x | 22x | 4.5x |
| Tue, 03 Aug 2021 | ₱2.1t | ₱473.6b | ₱96.2b | 12x | 21.9x | 4.4x |
| Fri, 07 May 2021 | ₱2.1t | ₱444.7b | ₱78.2b | 14.5x | 27.1x | 4.8x |
Price to Earnings Ratio
27.1x
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 9.6x which is lower than its 3-year average PE of 17.1x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 15% 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 Filipino Real Estate industry?
| PH Market | -3.65% | |
| Real Estate | -7.47% | |
| Real Estate | -8.15% | |
| Real Estate Services | 0% | |
| Real Estate Development | -2.08% | |
| Diversified Real Estate | -8.03% | |
| Real Estate Operating Companies | -10.26% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 31.6x.
- Analysts are expecting annual earnings growth of 10.0%, which is lower than the prior year's growth of 32.2% per year.
- Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 6.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 4.6% 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 | |
|---|---|---|---|---|---|
| KEP Keppel Philippines Properties | ₱16.10 | 132.3% +₱2.7b | 70.4% | PE1.4x | |
| BEL Belle | ₱2.04 | 7.9% +₱1.5b | 72.9% | PE10.5x | |
| SHNG Shang Properties | ₱3.69 | 3.9% +₱666.7m | 40.8% | PE3.2x | |
| PRMX Primex | ₱2.20 | 8.4% +₱398.5m | -35.5% | PE54.4x | |
| KPHB Keppel Philippines Holdings | ₱13.00 | 62.5% +₱286.2m | 100.6% | PE41.9x |