Revenues Working Against City Developments Limited's (SGX:C09) Share Price
Jul 26
Singaporean (SGX) Real Estate Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies53
- 7D-1.8%
- 3M-0.2%
- 1Y-16.6%
- YTD-9.7%
Over the last 7 days, the Real Estate industry has dropped 1.8%, driven by declines in Hongkong Land Holdings and CapitaLand Investment of 2.3% and 1.5%, respectively. The industry has fallen 17% in the last year. Looking forward, earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Singaporean Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | S$51.3b | S$34.5b | S$1.4b | 12.1x | 37.5x | 1.5x |
| Sun, 23 Jun 2024 | S$51.1b | S$35.2b | S$1.4b | 12.2x | 37.2x | 1.5x |
| Tue, 21 May 2024 | S$53.2b | S$34.8b | S$1.3b | 13.1x | 41x | 1.5x |
| Thu, 18 Apr 2024 | S$50.1b | S$35.4b | S$1.5b | 14x | 34.2x | 1.4x |
| Sat, 16 Mar 2024 | S$52.1b | S$35.1b | S$1.5b | 14.2x | 35.7x | 1.5x |
| Mon, 12 Feb 2024 | S$54.2b | S$33.5b | S$2.3b | 12.8x | 24x | 1.6x |
| Wed, 10 Jan 2024 | S$57.8b | S$34.8b | S$2.2b | 16.9x | 25.8x | 1.7x |
| Fri, 08 Dec 2023 | S$56.9b | S$34.8b | S$2.2b | 16.6x | 25.4x | 1.6x |
| Sun, 05 Nov 2023 | S$57.1b | S$34.7b | S$3.1b | 16.3x | 18.7x | 1.6x |
| Tue, 03 Oct 2023 | S$59.1b | S$34.8b | S$3.1b | 15.6x | 19.3x | 1.7x |
| Thu, 31 Aug 2023 | S$59.2b | S$34.5b | S$3.0b | 16.5x | 19.7x | 1.7x |
| Sat, 29 Jul 2023 | S$62.8b | S$32.8b | S$6.1b | 12.3x | 10.3x | 1.9x |
| Mon, 26 Jun 2023 | S$61.7b | S$32.9b | S$6.2b | 9.7x | 10x | 1.9x |
| Wed, 24 May 2023 | S$64.5b | S$32.9b | S$6.2b | 9.2x | 10.4x | 2x |
| Fri, 21 Apr 2023 | S$67.9b | S$32.8b | S$6.1b | 9.1x | 11.1x | 2.1x |
| Sun, 19 Mar 2023 | S$381.9m | S$106.9m | S$21.9m | 14.4x | 17.4x | 3.6x |
| Tue, 14 Feb 2023 | S$70.3b | S$32.5b | S$7.4b | 9x | 9.5x | 2.2x |
| Thu, 12 Jan 2023 | S$68.3b | S$32.5b | S$7.5b | 7.7x | 9.1x | 2.1x |
| Sat, 10 Dec 2022 | S$68.0b | S$32.4b | S$7.5b | 8.8x | 9.1x | 2.1x |
| Mon, 07 Nov 2022 | S$63.3b | S$32.5b | S$7.3b | 8.5x | 8.6x | 1.9x |
| Wed, 05 Oct 2022 | S$67.2b | S$32.7b | S$7.4b | 8.6x | 9.1x | 2.1x |
| Fri, 02 Sep 2022 | S$71.4b | S$32.8b | S$7.5b | 9.5x | 9.6x | 2.2x |
| Sun, 31 Jul 2022 | S$73.2b | S$32.4b | S$5.5b | 12.1x | 13.2x | 2.3x |
| Tue, 28 Jun 2022 | S$72.7b | S$32.4b | S$4.4b | 10.9x | 16.6x | 2.2x |
| Thu, 26 May 2022 | S$72.0b | S$32.6b | S$4.5b | 10.1x | 15.9x | 2.2x |
| Sat, 23 Apr 2022 | S$74.9b | S$32.7b | S$4.5b | 10.5x | 16.6x | 2.3x |
| Mon, 21 Mar 2022 | S$73.0b | S$33.3b | S$4.5b | 10.4x | 16.3x | 2.2x |
| Wed, 16 Feb 2022 | S$77.4b | S$30.1b | -S$1,416,584,928.00 | 12.2x | -54.7x | 2.6x |
| Fri, 14 Jan 2022 | S$74.2b | S$29.7b | -S$1,454,990,714.00 | 12.6x | -51x | 2.5x |
| Sun, 12 Dec 2021 | S$73.7b | S$27.8b | -S$1,008,613,594.00 | 12.5x | -73.1x | 2.7x |
| Tue, 09 Nov 2021 | S$97.1b | S$34.5b | -S$2,301,605,387.00 | 14.2x | -42.2x | 2.8x |
| Thu, 07 Oct 2021 | S$93.6b | S$34.5b | -S$2,303,701,524.00 | 13.5x | -40.6x | 2.7x |
| Sat, 04 Sep 2021 | S$75.5b | S$34.5b | -S$2,372,779,048.67 | 12.9x | -31.8x | 2.2x |
| Mon, 02 Aug 2021 | S$76.7b | S$34.5b | -S$2,372,779,048.67 | 12.7x | -32.3x | 2.2x |
Price to Earnings Ratio
-32.3x
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 37.5x which is higher than its 3-year average PE of 5.9x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.5x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate industry?
| SG Market | -1.23% | |
| Real Estate | -2.14% | |
| Real Estate | -1.83% | |
| Real Estate Services | 0.72% | |
| Real Estate Development | -1.14% | |
| Diversified Real Estate | -1.88% | |
| Real Estate Operating Companies | -2.23% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry, which is trading close to its 3-year average PE ratio of 13.4x.
- Analysts are expecting annual earnings growth of 5.9%, which is higher than its past year's earnings decline of 39.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 7.4% 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 | |
|---|---|---|---|---|---|
| Z25 Yanlord Land Group | S$0.46 | 3.4% +S$29.0m | -42.4% | PS0.1x | |
| Z59 Yoma Strategic Holdings | S$0.13 | 3.2% +S$26.7m | 30.3% | PE12.9x | |
| 5RA Asia-Pacific Strategic Investments | S$0.002 | 100.0% +S$17.8m | 100.0% | PB2.2x | |
| CY6U CapitaLand India Trust | S$1.04 | 1.0% +S$13.4m | -10.3% | PE9.5x | |
| A26 Sinarmas Land | S$0.16 | 1.9% +S$12.8m | -19.5% | PE2.5x |
