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Australian (ASX) Real Estate Development Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies12
- 7D-4.0%
- 3M-12.6%
- 1Y-15.6%
- YTD-17.3%
Over the last 7 days, the Real Estate Development industry has dropped 5.0%, driven by Sunland Group declining 92%. The industry has fallen 14% in the last year. Earnings are forecast to grow by 14% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | AU$2.8b | AU$1.2b | AU$198.5m | 11.3x | 14.2x | 2.3x |
| Thu, 28 Sep 2023 | AU$3.1b | AU$1.2b | AU$198.5m | 11.9x | 15.5x | 2.5x |
| Sat, 26 Aug 2023 | AU$3.1b | AU$1.3b | AU$204.9m | 13.5x | 15.2x | 2.5x |
| Mon, 24 Jul 2023 | AU$3.2b | AU$1.4b | AU$236.7m | 12.7x | 13.3x | 2.3x |
| Wed, 21 Jun 2023 | AU$2.9b | AU$1.4b | AU$236.7m | 12.2x | 12.4x | 2.2x |
| Fri, 19 May 2023 | AU$3.1b | AU$1.4b | AU$236.7m | 12.3x | 13.1x | 2.3x |
| Sun, 16 Apr 2023 | AU$3.2b | AU$1.4b | AU$238.7m | 12.1x | 13.2x | 2.3x |
| Tue, 14 Mar 2023 | AU$3.0b | AU$1.4b | AU$238.7m | 10.9x | 12.6x | 2.2x |
| Thu, 09 Feb 2023 | AU$3.4b | AU$1.5b | AU$268.0m | 10.4x | 12.6x | 2.2x |
| Sat, 07 Jan 2023 | AU$3.4b | AU$1.5b | AU$268.0m | 10.1x | 12.8x | 2.2x |
| Mon, 05 Dec 2022 | AU$3.4b | AU$1.5b | AU$268.0m | 10x | 12.8x | 2.2x |
| Wed, 02 Nov 2022 | AU$3.3b | AU$1.5b | AU$268.0m | 9.7x | 12.5x | 2.2x |
| Fri, 30 Sep 2022 | AU$3.0b | AU$1.5b | AU$268.0m | 9.3x | 11.3x | 2x |
| Sun, 28 Aug 2022 | AU$3.4b | AU$1.3b | AU$217.4m | 10.1x | 15.5x | 2.6x |
| Tue, 26 Jul 2022 | AU$3.3b | AU$1.6b | AU$256.5m | 13x | 12.9x | 2.1x |
| Thu, 23 Jun 2022 | AU$2.8b | AU$1.6b | AU$256.5m | 11.6x | 11.1x | 1.8x |
| Sat, 21 May 2022 | AU$3.1b | AU$1.6b | AU$278.4m | 12.5x | 11.3x | 2x |
| Mon, 18 Apr 2022 | AU$3.5b | AU$1.6b | AU$277.4m | 14.5x | 12.6x | 2.2x |
| Wed, 16 Mar 2022 | AU$3.6b | AU$1.6b | AU$277.4m | 13.8x | 13x | 2.3x |
| Fri, 11 Feb 2022 | AU$3.9b | AU$1.4b | AU$209.4m | 14.1x | 18.7x | 2.8x |
| Sun, 09 Jan 2022 | AU$4.1b | AU$1.4b | AU$209.4m | 14.4x | 19.4x | 2.9x |
| Tue, 07 Dec 2021 | AU$4.0b | AU$1.4b | AU$206.4m | 14x | 19.4x | 2.8x |
| Thu, 04 Nov 2021 | AU$4.4b | AU$1.5b | AU$199.4m | 14.6x | 21.9x | 3x |
| Sat, 02 Oct 2021 | AU$4.2b | AU$1.5b | AU$199.4m | 14.1x | 21.3x | 2.9x |
| Mon, 30 Aug 2021 | AU$4.2b | AU$1.5b | AU$204.5m | 16.2x | 20.5x | 2.8x |
| Tue, 06 Jul 2021 | AU$3.8b | AU$1.5b | AU$204.5m | 16.6x | 18.4x | 2.5x |
| Fri, 09 Apr 2021 | AU$3.5b | AU$1.4b | AU$129.2m | 18x | 27.2x | 2.4x |
| Thu, 31 Dec 2020 | AU$3.4b | AU$1.4b | AU$42.1m | 23.5x | 80.3x | 2.4x |
Price to Earnings Ratio
84.8x
Current Industry PE
- Investors are pessimistic on the Australian Real Estate Development 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 14.2x which is lower than its 3-year average PE of 25.7x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have grown 79% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Australian Real Estate Development compare with similar industries?
| AU Market | -0.99% | |
| Real Estate | -4.86% | |
| Real Estate | -4.39% | |
| Real Estate Development | -4.00% | |
| Real Estate Operating Companies | -1.47% | |
| Diversified Real Estate | -4.37% | |
| Real Estate Services | -5.73% | |
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$15.54 | 0.3% +AU$4.2m | -11.5% | PE19.7x | |
| AXI Axiom Properties | AU$0.04 | 2.6% +AU$432.7k | -45.9% | PS7.9x |