Australian (ASX) Real Estate Development Industry Analysis

Industry Valuation and Performance

Has the Australian Real Estate Development Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 08 May 2024	AU$2.8b	AU$931.4m	AU$157.1m	15.5x	17.7x	3x
Fri, 05 Apr 2024	AU$3.0b	AU$931.4m	AU$157.1m	15.5x	19.3x	3.2x
Sun, 03 Mar 2024	AU$2.8b	AU$931.4m	AU$157.1m	15.3x	17.9x	3x
Tue, 30 Jan 2024	AU$3.1b	AU$1.2b	AU$199.0m	12.6x	15.6x	2.5x
Thu, 28 Dec 2023	AU$3.1b	AU$1.2b	AU$199.0m	12.7x	15.8x	2.5x
Sat, 25 Nov 2023	AU$3.0b	AU$1.2b	AU$198.5m	12.4x	15.1x	2.4x
Mon, 23 Oct 2023	AU$3.0b	AU$1.2b	AU$198.5m	11.5x	14.9x	2.4x
Wed, 20 Sep 2023	AU$3.1b	AU$1.2b	AU$198.5m	11.9x	15.5x	2.5x
Fri, 18 Aug 2023	AU$3.2b	AU$1.2b	AU$201.5m	13.8x	15.8x	2.7x
Sun, 16 Jul 2023	AU$3.2b	AU$1.4b	AU$236.7m	12.9x	13.4x	2.3x
Tue, 13 Jun 2023	AU$2.9b	AU$1.4b	AU$236.7m	12.4x	12.3x	2.1x
Thu, 11 May 2023	AU$3.2b	AU$1.4b	AU$236.7m	12.1x	13.5x	2.3x
Sat, 08 Apr 2023	AU$3.0b	AU$1.4b	AU$238.7m	11x	12.6x	2.2x
Mon, 06 Mar 2023	AU$3.0b	AU$1.4b	AU$238.7m	11x	12.8x	2.3x
Wed, 01 Feb 2023	AU$3.5b	AU$1.5b	AU$268.0m	10.2x	13.1x	2.3x
Fri, 30 Dec 2022	AU$3.4b	AU$1.5b	AU$268.0m	9.6x	12.6x	2.2x
Sun, 27 Nov 2022	AU$3.4b	AU$1.5b	AU$268.0m	9.9x	12.7x	2.2x
Tue, 25 Oct 2022	AU$3.1b	AU$1.5b	AU$268.0m	9.1x	11.6x	2x
Thu, 22 Sep 2022	AU$3.1b	AU$1.5b	AU$268.0m	9.5x	11.7x	2x
Sat, 20 Aug 2022	AU$3.3b	AU$1.3b	AU$201.4m	13.3x	16.6x	2.6x
Mon, 18 Jul 2022	AU$3.1b	AU$1.6b	AU$256.5m	12.5x	12.1x	2x
Wed, 15 Jun 2022	AU$2.9b	AU$1.6b	AU$278.4m	11.4x	10.3x	1.8x
Fri, 13 May 2022	AU$3.2b	AU$1.6b	AU$278.4m	12.7x	11.5x	2x
Sun, 10 Apr 2022	AU$3.6b	AU$1.6b	AU$277.4m	14.6x	12.8x	2.3x
Tue, 08 Mar 2022	AU$3.6b	AU$1.6b	AU$277.4m	13.5x	13x	2.3x
Thu, 03 Feb 2022	AU$3.8b	AU$1.4b	AU$209.4m	13.9x	18x	2.6x
Sat, 01 Jan 2022	AU$4.1b	AU$1.4b	AU$209.4m	14.1x	19.8x	2.9x
Mon, 29 Nov 2021	AU$4.1b	AU$1.4b	AU$206.0m	14.1x	19.7x	2.9x
Wed, 27 Oct 2021	AU$4.5b	AU$1.5b	AU$199.4m	14.5x	22.4x	3.1x
Fri, 24 Sep 2021	AU$4.3b	AU$1.5b	AU$199.4m	14.3x	21.5x	2.9x
Sun, 22 Aug 2021	AU$4.1b	AU$1.5b	AU$204.5m	16.7x	20.3x	2.8x
Fri, 09 Jul 2021	AU$3.8b	AU$1.5b	AU$204.5m	16.6x	18.4x	2.5x

Current Industry PE

Investors are optimistic on the Australian Real Estate Development industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 17.4x which is higher than its 3-year average PE of 15.6x.

The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.9x.

Past Earnings Growth

The earnings for companies in the Real Estate Development industry have grown 6.7% per year over the last three years.
Meanwhile revenues for these companies have declined 13% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Australian Real Estate Development compare with similar industries?


AU Market	1.62%
Real Estate	3.67%
Real Estate	2.51%
Real Estate Development	3.88%
Real Estate Services	12.15%
Diversified Real Estate	-1.70%
Real Estate Operating Companies	-1.90%

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
LIC Lifestyle Communities	AU$12.85	6.8% +AU$99.4m	-22.6%	PE20.1x
AXI Axiom Properties	AU$0.065	22.6% +AU$5.2m	44.4%	PS22.2x
PPC Peet	AU$1.20	0.4% +AU$2.3m	-0.4%	PE11.1x
CAQ CAQ Holdings	AU$0.01	25.0% +AU$1.4m	-9.1%	PS2.7x
MPX Mustera Property Group	AU$0.25	0% AU$500.0k	n/a	PS16.2x