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South African (JSE) Real Estate Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies9
  • 7D0.9%
  • 3M9.9%
  • 1Y-0.4%
  • YTD-7.1%

Last week, the Real Estate industry hasn't moved much but Tradehold is up 20% in that time. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to decline by 6.2% per year.

Industry Valuation and Performance

Has the South African Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022R94.5bR16.7bR9.8b4.5x9.6x5.7x
Sat, 29 Oct 2022R87.7bR17.1bR9.8b5.9x8.9x5.1x
Mon, 26 Sep 2022R83.8bR16.5bR9.4b7.7x8.9x5.1x
Wed, 24 Aug 2022R79.1bR14.2bR7.3b8.5x10.8x5.6x
Fri, 22 Jul 2022R77.7bR14.5bR7.5b8.1x10.4x5.3x
Sun, 19 Jun 2022R75.0bR13.8bR5.8b8.6x13x5.4x
Tue, 17 May 2022R79.4bR13.7bR5.8b8.7x13.8x5.8x
Thu, 14 Apr 2022R79.3bR13.0bR5.4b9.6x14.6x6.1x
Sat, 12 Mar 2022R89.8bR18.7bR5.1b5.8x17.5x4.8x
Mon, 07 Feb 2022R95.3bR19.2bR3.5b5.8x27.5x5x
Wed, 05 Jan 2022R98.6bR19.5bR3.5b6.1x28.2x5.1x
Fri, 03 Dec 2021R93.3bR19.3bR3.5b6.5x26.8x4.8x
Sun, 31 Oct 2021R93.5bR18.9bR2.6b9.4x36x4.9x
Tue, 28 Sep 2021R96.0bR18.3bR2.5b14.8x38.9x5.3x
Thu, 26 Aug 2021R93.9bR17.9bR1.7b14.6x55.8x5.2x
Fri, 02 Jul 2021R91.2bR17.9bR1.7b14.8x54.2x5.1x
Mon, 05 Apr 2021R83.7bR18.4b-R2,055,763,557.2512.7x-40.7x4.6x
Thu, 07 Jan 2021R81.6bR19.3b-R5,303,659,307.306.8x-15.4x4.2x
Wed, 30 Sep 2020R61.5bR21.2b-R2,574,619,354.454.7x-23.9x2.9x
Sat, 04 Jul 2020R77.2bR21.6bR140.2m53.3x550.6x3.6x
Tue, 07 Apr 2020R64.5bR22.3bR6.2b9.7x10.3x2.9x
Fri, 10 Jan 2020R111.5bR19.4bR10.2b9.7x10.9x5.7x
Price to Earnings Ratio

11.6x


Total Market Cap: R112.3bTotal Earnings: R9.7bTotal Revenue: R20.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Industry Price to Earnings3Y Average -8.6x202020212022
Current Industry PE
  • Investors are pessimistic on the South African 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 higher than its 3-year average PE of -8.6x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 6.0% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the South African Real Estate industry?

ZA Market1.40%
Real Estate-0.02%
Real Estate0.89%
Real Estate Operating Companies0.90%
Diversified Real Estate0%
Real Estate Services0%
Real Estate Development-2.02%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 5.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate Development industry since they expect its earnings to decline by only 6.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 44% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings decline by 6.2% 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
TDH TradeholdR10.4719.9%
+R447.1m
8.7%PB0.7x
NRP NEPI RockcastleR103.030.5%
+R304.5m
1.0%PB0.9x
MSP MASR20.701.7%
+R240.8m
6.2%PB0.9x
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Latest News

ANI

R4.34

Afine Investments

7D

-0.2%

1Y

n/a

TDH

R10.47

Tradehold

7D

19.9%

1Y

8.7%

TMT

R3.70

Trematon Capital Investments

7D

-1.3%

1Y

5.7%

LTE

R6.59

Lighthouse Properties

7D

-1.2%

1Y

-19.6%

CGR

R3.39

Calgro M3 Holdings

7D

-2.0%

1Y

-23.0%

PPR

R3.89

Putprop

7D

-2.8%

1Y

-2.8%

NRP

R103.03

NEPI Rockcastle

7D

0.5%

1Y

1.0%

MSP

R20.70

MAS

7D

1.7%

1Y

6.2%

ACS

R6.17

Acsion

7D

-0.2%

1Y

37.1%