Mivne Real Estate (K.D)'s (TLV:MVNE) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 03
Israeli (TA) Real Estate Operating Companies Industry Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies35
- 7D-3.0%
- 3M-0.6%
- 1Y6.7%
- YTDn/a
The Real Estate Operating Companies is pretty flat in the last 7 days, but Summit Real Estate Holdings has stood out, gaining 6.2%. The past year has been better, since the industry has gained 8.9% in that time. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Israeli Real Estate Operating Companies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | ₪118.0b | ₪27.0b | ₪1.8b | 12x | 64.4x | 4.4x |
| Mon, 15 Apr 2024 | ₪120.5b | ₪27.0b | ₪1.6b | 12.1x | 76.9x | 4.5x |
| Wed, 13 Mar 2024 | ₪121.9b | ₪25.8b | ₪633.4m | 11.9x | 192.4x | 4.7x |
| Fri, 09 Feb 2024 | ₪116.3b | ₪25.8b | ₪984.5m | 9.9x | 118.1x | 4.5x |
| Sun, 07 Jan 2024 | ₪126.5b | ₪25.8b | ₪1.0b | 10.2x | 124.1x | 4.9x |
| Tue, 05 Dec 2023 | ₪112.4b | ₪25.9b | ₪1.0b | 9.6x | 111x | 4.3x |
| Thu, 02 Nov 2023 | ₪95.0b | ₪26.2b | ₪2.5b | 8.9x | 38.1x | 3.6x |
| Sat, 30 Sep 2023 | ₪105.9b | ₪26.1b | ₪2.5b | 9.1x | 41.7x | 4.1x |
| Mon, 28 Aug 2023 | ₪108.0b | ₪26.3b | ₪3.5b | 8.4x | 30.5x | 4.1x |
| Wed, 26 Jul 2023 | ₪110.1b | ₪26.3b | ₪6.1b | 8.3x | 18.2x | 4.2x |
| Fri, 23 Jun 2023 | ₪112.8b | ₪26.3b | ₪6.1b | 8.5x | 18.6x | 4.3x |
| Sun, 21 May 2023 | ₪109.8b | ₪26.3b | ₪8.9b | 7.4x | 12.3x | 4.2x |
| Tue, 18 Apr 2023 | ₪103.8b | ₪26.2b | ₪8.8b | 7.1x | 11.7x | 4x |
| Thu, 16 Mar 2023 | ₪106.5b | ₪26.0b | ₪15.0b | 5.4x | 7.1x | 4.1x |
| Sat, 11 Feb 2023 | ₪114.6b | ₪26.5b | ₪17.0b | 6x | 6.7x | 4.3x |
| Mon, 09 Jan 2023 | ₪119.2b | ₪26.4b | ₪17.3b | 5.7x | 6.9x | 4.5x |
| Wed, 07 Dec 2022 | ₪124.5b | ₪24.6b | ₪17.5b | 6x | 7.1x | 5.1x |
| Fri, 04 Nov 2022 | ₪128.1b | ₪25.5b | ₪18.4b | 6.8x | 7x | 5x |
| Sun, 02 Oct 2022 | ₪127.3b | ₪25.5b | ₪18.4b | 6.8x | 6.9x | 5x |
| Tue, 30 Aug 2022 | ₪148.0b | ₪24.5b | ₪18.2b | 8.7x | 8.1x | 6x |
| Thu, 28 Jul 2022 | ₪141.2b | ₪24.4b | ₪17.0b | 8x | 8.3x | 5.8x |
| Sat, 25 Jun 2022 | ₪133.8b | ₪24.1b | ₪16.6b | 7.7x | 8x | 5.5x |
| Mon, 23 May 2022 | ₪140.0b | ₪23.0b | ₪16.5b | 7.9x | 8.5x | 6.1x |
| Wed, 20 Apr 2022 | ₪159.6b | ₪22.3b | ₪16.5b | 9.4x | 9.7x | 7.2x |
| Fri, 18 Mar 2022 | ₪156.7b | ₪21.6b | ₪10.5b | 14.2x | 14.9x | 7.2x |
| Sun, 13 Feb 2022 | ₪161.1b | ₪21.1b | ₪8.6b | 17.6x | 18.8x | 7.6x |
| Tue, 11 Jan 2022 | ₪160.7b | ₪21.1b | ₪8.3b | 17.6x | 19.4x | 7.6x |
| Thu, 09 Dec 2021 | ₪155.0b | ₪21.1b | ₪8.3b | 16x | 18.6x | 7.4x |
| Sat, 06 Nov 2021 | ₪152.0b | ₪20.4b | ₪7.4b | 16x | 20.6x | 7.5x |
| Mon, 04 Oct 2021 | ₪141.0b | ₪20.3b | ₪7.2b | 14.9x | 19.5x | 6.9x |
| Wed, 01 Sep 2021 | ₪140.6b | ₪20.2b | ₪6.8b | 13.6x | 20.6x | 7x |
| Thu, 08 Jul 2021 | ₪122.6b | ₪20.2b | ₪6.8b | 13x | 18x | 6.1x |
Price to Earnings Ratio
26.1x
Current Industry PE
- Investors are optimistic on the Israeli Real Estate Operating Companies industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 65.6x which is higher than its 3-year average PE of 33.0x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate Operating Companies industry have declined 27% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Israeli Real Estate Operating Companies compare with similar industries?
| IL Market | -2.51% | |
| Real Estate | -2.93% | |
| Real Estate | -2.97% | |
| Real Estate Operating Companies | -3.03% | |
| Real Estate Services | 0% | |
| Diversified Real Estate | -2.37% | |
| Real Estate Development | -3.49% | |
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 | |
|---|---|---|---|---|---|
| AFPR AFI Properties | ₪157.30 | 1.5% +₪91.3m | 41.7% | PE28.3x | |
| SMT Summit Real Estate Holdings | ₪47.34 | 2.0% +₪65.1m | 0.08% | PS3.5x | |
| ALHE Alony-Hetz Properties & Investments | ₪27.00 | 0.9% +₪44.9m | -7.7% | PS17x | |
| ARGO ARGO Properties | ₪72.71 | 3.0% +₪38.4m | 44.5% | PS11.1x | |
| ISHO Isras Holdings | ₪310.10 | 1.4% +₪28.2m | n/a | n/a |