Some Investors May Be Willing To Look Past CapitaLand Investment's (SGX:9CI) Soft Earnings
Apr 09
Singaporean (SGX) Real Estate Sector Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies93
- 7D-4.5%
- 3M-9.3%
- 1Y-20.3%
- YTD-12.9%
Over the last 7 days, the Real Estate industry has dropped 4.5%, driven by a pullback from CapitaLand Investment of 8.2%. However, the industry is down 20% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the Singaporean Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | S$134.9b | S$48.0b | S$4.3b | 15.3x | 31.6x | 2.8x |
| Sun, 17 Mar 2024 | S$138.9b | S$47.8b | S$4.5b | 14.8x | 30.8x | 2.9x |
| Tue, 13 Feb 2024 | S$144.9b | S$46.0b | S$5.5b | 16.6x | 26.2x | 3.2x |
| Thu, 11 Jan 2024 | S$157.0b | S$47.7b | S$6.7b | 15.2x | 23.5x | 3.3x |
| Sat, 09 Dec 2023 | S$153.5b | S$47.8b | S$6.7b | 15.2x | 23x | 3.2x |
| Mon, 06 Nov 2023 | S$148.8b | S$47.7b | S$7.4b | 14.4x | 20.1x | 3.1x |
| Wed, 04 Oct 2023 | S$152.3b | S$47.7b | S$8.3b | 14.8x | 18.5x | 3.2x |
| Fri, 01 Sep 2023 | S$157.2b | S$47.5b | S$8.2b | 15.4x | 19.1x | 3.3x |
| Sun, 30 Jul 2023 | S$165.2b | S$45.3b | S$11.5b | 14.3x | 14.3x | 3.6x |
| Tue, 27 Jun 2023 | S$159.3b | S$45.4b | S$12.4b | 12.4x | 12.9x | 3.5x |
| Thu, 25 May 2023 | S$164.7b | S$45.5b | S$12.4b | 12.7x | 13.3x | 3.6x |
| Sat, 22 Apr 2023 | S$171.4b | S$45.2b | S$12.9b | 12.9x | 13.3x | 3.8x |
| Mon, 20 Mar 2023 | S$76.5b | S$34.3b | S$6.9b | 9x | 11x | 2.2x |
| Wed, 15 Feb 2023 | S$172.7b | S$44.8b | S$14.3b | 10.6x | 12.1x | 3.9x |
| Fri, 13 Jan 2023 | S$169.4b | S$44.1b | S$15.4b | 9.7x | 11x | 3.8x |
| Sun, 11 Dec 2022 | S$167.9b | S$44.2b | S$15.5b | 10.5x | 10.9x | 3.8x |
| Tue, 08 Nov 2022 | S$158.3b | S$44.3b | S$15.5b | 9.6x | 10.2x | 3.6x |
| Thu, 06 Oct 2022 | S$170.0b | S$44.2b | S$15.3b | 10.3x | 11.1x | 3.8x |
| Sat, 03 Sep 2022 | S$179.7b | S$44.4b | S$15.4b | 11.2x | 11.7x | 4.1x |
| Mon, 01 Aug 2022 | S$186.5b | S$43.6b | S$13.2b | 13.2x | 14.1x | 4.3x |
| Wed, 29 Jun 2022 | S$181.5b | S$43.4b | S$12.2b | 13.5x | 14.8x | 4.2x |
| Fri, 27 May 2022 | S$179.0b | S$43.8b | S$12.6b | 12.3x | 14.2x | 4.1x |
| Sun, 24 Apr 2022 | S$187.8b | S$43.7b | S$11.9b | 13.4x | 15.7x | 4.3x |
| Tue, 22 Mar 2022 | S$169.3b | S$43.0b | S$10.7b | 13.5x | 15.8x | 3.9x |
| Thu, 17 Feb 2022 | S$184.5b | S$41.1b | S$5.3b | 16.5x | 34.6x | 4.5x |
| Sat, 15 Jan 2022 | S$181.6b | S$39.9b | S$2.7b | 17.4x | 66.9x | 4.6x |
| Mon, 13 Dec 2021 | S$183.0b | S$38.0b | S$3.2b | 17.8x | 57.8x | 4.8x |
| Wed, 10 Nov 2021 | S$206.7b | S$44.6b | S$1.1b | 19.8x | 185.7x | 4.6x |
| Fri, 08 Oct 2021 | S$200.4b | S$44.4b | S$98.6m | 19.2x | 2032.1x | 4.5x |
| Sun, 05 Sep 2021 | S$185.1b | S$44.4b | -S$695,048,611.81 | 20.1x | -266.3x | 4.2x |
| Tue, 03 Aug 2021 | S$186.4b | S$44.4b | -S$695,048,611.81 | 19.9x | -268.2x | 4.2x |
| Fri, 07 May 2021 | S$184.7b | S$42.3b | -S$3,209,826,806.94 | 20.8x | -57.5x | 4.4x |
Price to Earnings Ratio
-57.5x
Current Industry PE
- Investors are optimistic on the Singaporean Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.6x which is higher than its 3-year average PE of -6.2x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 2.8x.
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 grown 4.3% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate sector?
| SG Market | -1.62% | |
| Real Estate | -4.52% | |
| Residential REITs | 0% | |
| Specialized REITs | -2.37% | |
| Health Care REITs | -2.84% | |
| REITS | -3.58% | |
| Hotel and Resort REITs | -3.90% | |
| Real Estate | -4.14% | |
| Office REITs | -4.51% | |
| Retail REITs | -5.18% | |
| Industrial REITs | -5.21% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 0.51x.
- Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings decline of 40.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialized REITs industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 6.1% 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 | |
|---|---|---|---|---|---|
| ADN First Sponsor Group | S$1.15 | 2.7% +S$33.3m | -10.2% | PE102x | |
| OU8 Centurion | S$0.46 | 5.7% +S$21.0m | 27.8% | PE2.5x | |
| A26 Sinarmas Land | S$0.15 | 1.3% +S$8.5m | -15.8% | PE2.4x | |
| DHLU Daiwa House Logistics Trust | S$0.59 | 1.7% +S$7.0m | 5.4% | PB0.7x | |
| H13 Ho Bee Land | S$1.96 | 0.5% +S$6.6m | -11.7% | PS2.6x |
