Market Participants Recognise CapitaLand Investment Limited's (SGX:9CI) Earnings
Mar 17
Singaporean (SGX) Real Estate Industry Analysis
UpdatedMar 22, 2023
DataAggregated Company Financials
Companies58
- 7D-0.2%
- 3M-5.3%
- 1Y-10.4%
- YTD-5.6%
The Real Estate industry has been flat over the last week, but Hongkong Land Holdings has lost 3.6%. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to grow by 3.9% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 Mar 2023 | S$65.2b | S$32.8b | S$6.1b | 9x | 10.6x | 2x |
| Fri, 17 Feb 2023 | S$69.5b | S$32.5b | S$7.5b | 8.9x | 9.3x | 2.1x |
| Sun, 15 Jan 2023 | S$69.3b | S$32.5b | S$7.5b | 7.7x | 9.3x | 2.1x |
| Tue, 13 Dec 2022 | S$67.5b | S$32.4b | S$7.5b | 8.9x | 9x | 2.1x |
| Thu, 10 Nov 2022 | S$64.0b | S$32.5b | S$7.3b | 8.8x | 8.7x | 2x |
| Sat, 08 Oct 2022 | S$67.2b | S$32.7b | S$7.4b | 9x | 9.1x | 2.1x |
| Mon, 05 Sep 2022 | S$71.3b | S$32.8b | S$7.4b | 9.5x | 9.6x | 2.2x |
| Wed, 03 Aug 2022 | S$73.3b | S$32.3b | S$5.5b | 12x | 13.2x | 2.3x |
| Fri, 01 Jul 2022 | S$72.6b | S$32.4b | S$4.4b | 11x | 16.6x | 2.2x |
| Sun, 29 May 2022 | S$72.7b | S$32.6b | S$4.4b | 10.1x | 16.6x | 2.2x |
| Tue, 26 Apr 2022 | S$74.5b | S$32.7b | S$4.5b | 10.4x | 16.5x | 2.3x |
| Thu, 24 Mar 2022 | S$73.9b | S$33.3b | S$4.5b | 10.8x | 16.5x | 2.2x |
| Sat, 19 Feb 2022 | S$75.2b | S$30.3b | -S$1,391,588,514.00 | 12.5x | -54.1x | 2.5x |
| Mon, 17 Jan 2022 | S$74.1b | S$29.7b | -S$1,448,562,063.00 | 12.6x | -51.2x | 2.5x |
| Wed, 15 Dec 2021 | S$73.5b | S$29.7b | -S$1,538,319,747.00 | 12.3x | -47.8x | 2.5x |
| Fri, 12 Nov 2021 | S$96.9b | S$34.6b | -S$2,306,549,045.00 | 13.3x | -42x | 2.8x |
| Sun, 10 Oct 2021 | S$94.2b | S$34.5b | -S$2,304,229,152.00 | 13.8x | -40.9x | 2.7x |
| Tue, 07 Sep 2021 | S$76.7b | S$34.3b | -S$2,306,950,911.93 | 12.8x | -33.2x | 2.2x |
| Thu, 05 Aug 2021 | S$76.4b | S$34.5b | -S$2,372,779,048.67 | 12.9x | -32.2x | 2.2x |
| Sun, 09 May 2021 | S$77.6b | S$32.8b | -S$3,906,392,827.00 | 12.5x | -19.9x | 2.4x |
| Wed, 10 Feb 2021 | S$69.4b | S$31.3b | -S$5,600,005,581.23 | 11.9x | -12.4x | 2.2x |
| Tue, 03 Nov 2020 | S$60.0b | S$33.1b | -S$1,552,845,600.97 | 11.3x | -38.6x | 1.8x |
| Fri, 07 Aug 2020 | S$63.0b | S$32.7b | S$1.1b | 10.7x | 59.6x | 1.9x |
| Thu, 30 Apr 2020 | S$65.1b | S$33.6b | S$4.8b | 8.2x | 13.5x | 1.9x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are pessimistic on the Singaporean 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 10.6x which is higher than its 3-year average PE of -5.3x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 8.5% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business 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 | 0.83% | |
| Real Estate | -0.14% | |
| Real Estate | -0.18% | |
| Real Estate Services | 1.98% | |
| Diversified Real Estate | 1.63% | |
| Real Estate Development | -0.41% | |
| Real Estate Operating Companies | -1.02% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.0%, which is lower than the prior year's growth of 35.6% per year.
- Investors are most pessimistic about the Diversified Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings decline by 29% 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 | |
|---|---|---|---|---|---|
| 9CI CapitaLand Investment | S$3.55 | 1.4% +S$256.1m | -8.0% | PE21.1x | |
| U14 UOL Group | S$6.68 | 3.2% +S$177.4m | -5.2% | PE11.5x | |
| C09 City Developments | S$7.22 | 2.0% +S$127.0m | -3.1% | PE5.1x | |
| T24 Tuan Sing Holdings | S$0.33 | 4.8% +S$18.3m | -17.5% | PE87.6x | |
| 1J0 SLB Development | S$0.11 | 20.9% +S$17.3m | n/a | PE4.5x |
