South African (JSE) Real Estate Operating Companies Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 01 Jun 2023	R119.4b	R24.6b	R16.4b	5.4x	7.3x	4.9x
Sat, 29 Apr 2023	R118.6b	R24.5b	R16.0b	5.4x	7.4x	4.8x
Mon, 27 Mar 2023	R109.6b	R23.2b	R14.3b	4.9x	7.7x	4.7x
Wed, 22 Feb 2023	R96.8b	R17.1b	R10.5b	4.9x	9.2x	5.6x
Fri, 20 Jan 2023	R98.5b	R16.6b	R10.2b	5.3x	9.7x	5.9x
Sun, 18 Dec 2022	R94.4b	R16.5b	R10.1b	4.8x	9.3x	5.7x
Tue, 15 Nov 2022	R91.6b	R15.6b	R9.8b	6x	9.4x	5.9x
Thu, 13 Oct 2022	R78.3b	R15.5b	R9.5b	6.4x	8.2x	5.1x
Sat, 10 Sep 2022	R86.6b	R15.2b	R9.3b	9.2x	9.3x	5.7x
Mon, 08 Aug 2022	R78.3b	R13.0b	R7.2b	9x	10.8x	6x
Wed, 06 Jul 2022	R72.1b	R12.9b	R7.2b	8.4x	10x	5.6x
Fri, 03 Jun 2022	R78.4b	R12.4b	R5.6b	11.8x	14x	6.3x
Sun, 01 May 2022	R79.8b	R12.5b	R5.6b	12.1x	14.3x	6.4x
Tue, 29 Mar 2022	R91.0b	R14.8b	R4.5b	12.4x	20.1x	6.2x
Thu, 24 Feb 2022	R91.1b	R14.5b	R2.9b	9.8x	31.6x	6.3x
Sat, 22 Jan 2022	R93.1b	R14.6b	R2.9b	10.1x	32.2x	6.4x
Mon, 20 Dec 2021	R95.1b	R15.2b	R3.0b	9.9x	31.7x	6.3x
Wed, 17 Nov 2021	R93.1b	R14.6b	R2.1b	17.7x	44.3x	6.4x
Fri, 15 Oct 2021	R89.8b	R14.4b	R2.1b	17.3x	43.4x	6.2x
Sun, 12 Sep 2021	R90.0b	R14.3b	R2.0b	19.8x	45.4x	6.3x
Tue, 10 Aug 2021	R87.3b	R14.3b	R1.3b	17.5x	65.8x	6.1x
Mon, 03 May 2021	R87.2b	R14.8b	-R2,410,863,643.25	75.9x	-36.2x	5.9x
Thu, 04 Feb 2021	R77.4b	R15.9b	-R5,618,788,302.30	9.4x	-13.8x	4.9x
Sun, 08 Nov 2020	R52.4b	R18.0b	-R2,849,777,259.45	11.4x	-18.4x	2.9x
Sat, 01 Aug 2020	R74.1b	R18.0b	-R205,625,022.31	52.2x	-360.5x	4.1x

Current Industry PE

Investors are pessimistic on the South African Real Estate Operating Companies 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 7.3x which is higher than its 3-year average PE of -17.9x.

The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.9x.

Past Earnings Growth

The earnings for companies in the Real Estate Operating Companies industry have grown 42% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does South African Real Estate Operating Companies compare with similar industries?


ZA Market	-1.51%
Real Estate	-0.28%
Real Estate	0.70%
Real Estate Operating Companies	0.72%
Diversified Real Estate	0%
Real Estate Services	0%
Real Estate Development	-5.20%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
NRP NEPI Rockcastle	R113.57	0.9% +R643.4m	21.7%	PE7.5x
MSP MAS	R22.68	4.0% +R606.7m	12.1%	PE5.4x
FFA Fortress REIT	R12.95	1.8% +R499.2m	-0.4%	PE13.6x
ACS Acsion	R6.70	18.4% +R400.4m	39.9%	PE2.4x
PPR Putprop	R3.60	5.3% +R7.6m	-2.7%	PE2.5x

May 12

Industry Valuation and Performance