Shareholders Would Not Be Objecting To Trematon Capital Investments Limited's (JSE:TMT) CEO Compensation And Here's Why
Jan 18
South African (JSE) Real Estate Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies10
- 7D-1.1%
- 3M10.2%
- 1Y25.2%
- YTD11.4%
Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by NEPI Rockcastle declining 1.0%. In the past year, the industry has gained 25%. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the South African Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | R146.6b | R30.2b | R27.7b | 5.5x | 5.3x | 4.8x |
| Fri, 05 Apr 2024 | R151.8b | R30.6b | R28.1b | 5.5x | 5.4x | 5x |
| Sun, 03 Mar 2024 | R155.7b | R30.4b | R20.4b | 6.3x | 7.6x | 5.1x |
| Tue, 30 Jan 2024 | R132.3b | R28.7b | R21.2b | 7x | 6.3x | 4.6x |
| Thu, 28 Dec 2023 | R131.3b | R28.7b | R21.2b | 6.8x | 6.2x | 4.6x |
| Sat, 25 Nov 2023 | R119.7b | R28.8b | R20.9b | 6.4x | 5.7x | 4.2x |
| Mon, 23 Oct 2023 | R105.0b | R28.3b | R20.5b | 5.5x | 5.1x | 3.7x |
| Wed, 20 Sep 2023 | R109.9b | R28.3b | R20.5b | 6x | 5.4x | 3.9x |
| Fri, 18 Aug 2023 | R122.1b | R26.1b | R16.2b | 6.5x | 7.5x | 4.7x |
| Sun, 16 Jul 2023 | R117.2b | R25.6b | R15.7b | 6.7x | 7.5x | 4.6x |
| Tue, 13 Jun 2023 | R118.0b | R25.2b | R15.7b | 7x | 7.5x | 4.7x |
| Thu, 11 May 2023 | R118.7b | R26.4b | R16.5b | 4.5x | 7.2x | 4.5x |
| Sat, 08 Apr 2023 | R114.8b | R25.6b | R16.0b | 4.5x | 7.2x | 4.5x |
| Mon, 06 Mar 2023 | R98.9b | R18.9b | R13.5b | 4.1x | 7.3x | 5.2x |
| Wed, 01 Feb 2023 | R98.1b | R18.1b | R10.4b | 4.8x | 9.4x | 5.4x |
| Fri, 30 Dec 2022 | R95.2b | R17.4b | R10.0b | 4.9x | 9.5x | 5.5x |
| Sun, 27 Nov 2022 | R94.7b | R16.9b | R9.9b | 4.3x | 9.5x | 5.6x |
| Tue, 25 Oct 2022 | R82.5b | R16.9b | R9.7b | 5.9x | 8.5x | 4.9x |
| Thu, 22 Sep 2022 | R86.2b | R16.6b | R9.5b | 7.8x | 9.1x | 5.2x |
| Sat, 20 Aug 2022 | R78.8b | R14.3b | R7.4b | 8.5x | 10.7x | 5.5x |
| Mon, 18 Jul 2022 | R77.1b | R14.4b | R7.4b | 8.2x | 10.4x | 5.4x |
| Wed, 15 Jun 2022 | R76.2b | R13.8b | R5.8b | 8.5x | 13.2x | 5.5x |
| Fri, 13 May 2022 | R77.5b | R13.7b | R5.8b | 8.9x | 13.4x | 5.7x |
| Sun, 10 Apr 2022 | R91.5b | R15.7b | R4.6b | 9.3x | 20x | 5.8x |
| Tue, 08 Mar 2022 | R87.5b | R18.8b | R4.6b | 5.8x | 18.8x | 4.6x |
| Thu, 03 Feb 2022 | R94.9b | R18.9b | R3.4b | 5.8x | 27.9x | 5x |
| Sat, 01 Jan 2022 | R97.8b | R19.5b | R3.5b | 6.1x | 28x | 5x |
| Mon, 29 Nov 2021 | R91.4b | R19.7b | R3.6b | 6.3x | 25.7x | 4.6x |
| Wed, 27 Oct 2021 | R91.9b | R18.6b | R2.5b | 9.3x | 36.2x | 4.9x |
| Fri, 24 Sep 2021 | R95.9b | R18.1b | R2.4b | 15.2x | 39.5x | 5.3x |
| Sun, 22 Aug 2021 | R93.6b | R17.9b | R1.7b | 14x | 55.6x | 5.2x |
| Fri, 09 Jul 2021 | R91.2b | R17.9b | R1.7b | 14.8x | 54.2x | 5.1x |
Price to Earnings Ratio
-42.8x
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 5.3x which is lower than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 18% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Real Estate industry?
| ZA Market | 1.41% | |
| Real Estate | -0.85% | |
| Real Estate | -1.13% | |
| Diversified Real Estate | 0% | |
| Real Estate Services | 0% | |
| Real Estate Operating Companies | -1.13% | |
| Real Estate Development | -2.55% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings decline of 0.3%, which is lower than the prior year's growth of 14.9% per year.
- Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 3.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| MSP MAS | R16.79 | 1.3% +R144.5m | -19.7% | PE5.8x | |
| TMT Trematon Capital Investments | R2.30 | 4.5% +R22.6m | -5.7% | PE7.3x | |
| CPP Collins Property Group | R7.47 | 0.3% +R5.1m | -0.4% | PE4x | |
| PPR Putprop | R3.10 | 1.6% +R2.1m | -9.4% | PE10.4x |