Lendlease Group's (ASX:LLC) Prospects Need A Boost To Lift Shares
May 02
Australian (ASX) Real Estate Sector Analysis
UpdatedMay 07, 2024
DataAggregated Company Financials
Companies63
- 7D3.1%
- 3M7.0%
- 1Y11.4%
- YTD8.7%
The Real Estate industry is up 3.1% in the last week, with Goodman Group up 8.5%. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 30% per annum.
Sector Valuation and Performance
Has the Australian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$179.3b | AU$28.9b | -AU$3,139,425,437.00 | 28x | -57.1x | 6.2x |
| Fri, 05 Apr 2024 | AU$183.0b | AU$28.9b | -AU$3,139,449,437.00 | 29x | -58.3x | 6.3x |
| Sun, 03 Mar 2024 | AU$174.7b | AU$29.4b | -AU$3,139,818,142.00 | 27.5x | -55.6x | 5.9x |
| Tue, 30 Jan 2024 | AU$162.4b | AU$31.8b | AU$634.0m | 27.4x | 256.1x | 5.1x |
| Thu, 28 Dec 2023 | AU$166.8b | AU$31.8b | AU$656.3m | 27.4x | 254.2x | 5.2x |
| Sat, 25 Nov 2023 | AU$150.4b | AU$31.8b | AU$656.1m | 25.3x | 229.2x | 4.7x |
| Mon, 23 Oct 2023 | AU$143.7b | AU$31.8b | AU$658.2m | 23.5x | 218.4x | 4.5x |
| Wed, 20 Sep 2023 | AU$153.4b | AU$30.8b | AU$658.0m | 26.4x | 233x | 5x |
| Fri, 18 Aug 2023 | AU$153.7b | AU$31.1b | AU$4.1b | 17.7x | 37.6x | 4.9x |
| Sun, 16 Jul 2023 | AU$157.0b | AU$33.7b | AU$10.5b | 12.9x | 15x | 4.7x |
| Tue, 13 Jun 2023 | AU$151.6b | AU$33.7b | AU$10.5b | 13.4x | 14.5x | 4.5x |
| Thu, 11 May 2023 | AU$158.3b | AU$33.7b | AU$10.5b | 13.2x | 15.1x | 4.7x |
| Sat, 08 Apr 2023 | AU$150.6b | AU$33.7b | AU$10.5b | 11.5x | 14.4x | 4.5x |
| Mon, 06 Mar 2023 | AU$155.7b | AU$33.7b | AU$10.5b | 12.1x | 14.9x | 4.6x |
| Wed, 01 Feb 2023 | AU$162.1b | AU$35.2b | AU$19.0b | 8.1x | 8.5x | 4.6x |
| Fri, 30 Dec 2022 | AU$151.2b | AU$35.2b | AU$19.0b | 7.9x | 8x | 4.3x |
| Sun, 27 Nov 2022 | AU$156.9b | AU$35.2b | AU$19.0b | 7.9x | 8.3x | 4.5x |
| Tue, 25 Oct 2022 | AU$140.3b | AU$35.2b | AU$19.0b | 7x | 7.4x | 4x |
| Thu, 22 Sep 2022 | AU$148.7b | AU$35.2b | AU$19.0b | 7.5x | 7.8x | 4.2x |
| Sat, 20 Aug 2022 | AU$162.7b | AU$35.1b | AU$18.5b | 7.9x | 8.8x | 4.6x |
| Mon, 18 Jul 2022 | AU$156.5b | AU$34.7b | AU$18.8b | 8.7x | 8.3x | 4.5x |
| Wed, 15 Jun 2022 | AU$149.1b | AU$34.7b | AU$18.8b | 8.6x | 7.9x | 4.3x |
| Fri, 13 May 2022 | AU$164.8b | AU$34.7b | AU$18.8b | 9x | 8.8x | 4.7x |
| Sun, 10 Apr 2022 | AU$184.9b | AU$34.9b | AU$19.4b | 9.1x | 9.5x | 5.3x |
| Tue, 08 Mar 2022 | AU$176.7b | AU$34.9b | AU$19.6b | 9x | 9x | 5.1x |
| Thu, 03 Feb 2022 | AU$182.4b | AU$32.2b | AU$13.2b | 10.7x | 13.8x | 5.7x |
| Sat, 01 Jan 2022 | AU$197.2b | AU$32.1b | AU$13.0b | 10.6x | 15.2x | 6.1x |
| Mon, 29 Nov 2021 | AU$190.0b | AU$32.1b | AU$13.0b | 10.4x | 14.7x | 5.9x |
| Wed, 27 Oct 2021 | AU$186.3b | AU$32.2b | AU$12.9b | 10.5x | 14.4x | 5.8x |
| Fri, 24 Sep 2021 | AU$186.5b | AU$32.2b | AU$12.6b | 11.7x | 14.8x | 5.8x |
| Sun, 22 Aug 2021 | AU$177.9b | AU$32.2b | AU$12.6b | 12.6x | 14.1x | 5.5x |
| Fri, 09 Jul 2021 | AU$168.8b | AU$32.0b | AU$12.7b | 12.9x | 13.3x | 5.3x |
Price to Earnings Ratio
30.8x
Current Industry PE
- Investors are optimistic on the Australian Real Estate industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.5% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate sector?
| AU Market | 0.54% | |
| Real Estate | 3.07% | |
| Industrial REITs | 8.47% | |
| Hotel and Resort REITs | 2.48% | |
| Real Estate | 2.11% | |
| Specialized REITs | 0.59% | |
| Retail REITs | 0.36% | |
| Office REITs | -0.43% | |
| REITS | -0.69% | |
| Residential REITs | -1.56% | |
| Health Care REITs | -4.55% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 115x.
- Analysts are expecting annual earnings growth of 44.8%, which is higher than its past year's earnings growth of 4.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| GMG Goodman Group | AU$34.38 | 8.5% +AU$5.1b | 73.5% | PB3.7x | |
| SGP Stockland | AU$4.58 | 2.9% +AU$310.0m | 3.2% | PB1.1x | |
| PXA PEXA Group | AU$13.85 | 13.0% +AU$282.1m | 5.0% | PS8.1x | |
| SCG Scentre Group | AU$3.22 | 1.3% +AU$207.6m | 14.2% | PB0.9x | |
| HMC HMC Capital | AU$6.90 | 7.6% +AU$170.8m | 64.3% | PB2.3x |
