Here's Why Genesis Land Development (TSE:GDC) Has Caught The Eye Of Investors
Sep 20
Canadian (TSX) Real Estate Development Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies5
- 7D0.2%
- 3M-10.5%
- 1Y-21.8%
- YTD-21.9%
Over the last 7 days, the Real Estate Development industry has remained flat, although notably Genesis Land Development gained 3.6%. Unfortunately though, the industry is down 22% over the past 12 months.
Industry Valuation and Performance
Has the Canadian Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | CA$1.2b | CA$797.0m | CA$133.8m | 9.2x | 9.3x | 1.6x |
| Thu, 28 Sep 2023 | CA$1.3b | CA$797.0m | CA$133.8m | 9.1x | 10x | 1.7x |
| Sat, 26 Aug 2023 | CA$1.4b | CA$797.0m | CA$133.1m | 9x | 10.6x | 1.8x |
| Mon, 24 Jul 2023 | CA$1.4b | CA$745.3m | CA$284.4m | 4.7x | 4.8x | 1.8x |
| Wed, 21 Jun 2023 | CA$1.4b | CA$745.3m | CA$284.4m | 4.8x | 4.9x | 1.9x |
| Fri, 19 May 2023 | CA$1.5b | CA$745.3m | CA$284.1m | 5x | 5.1x | 2x |
| Sun, 16 Apr 2023 | CA$1.6b | CA$730.0m | CA$290.5m | 5.2x | 5.5x | 2.2x |
| Tue, 14 Mar 2023 | CA$1.6b | CA$804.4m | CA$298.1m | 5x | 5.3x | 2x |
| Thu, 09 Feb 2023 | CA$1.8b | CA$759.2m | CA$430.8m | 3.9x | 4.1x | 2.3x |
| Sat, 07 Jan 2023 | CA$1.6b | CA$759.2m | CA$430.8m | 3.6x | 3.8x | 2.1x |
| Mon, 05 Dec 2022 | CA$1.8b | CA$759.2m | CA$430.8m | 3.9x | 4.1x | 2.3x |
| Wed, 02 Nov 2022 | CA$1.6b | CA$736.0m | CA$355.5m | 4.2x | 4.6x | 2.2x |
| Fri, 30 Sep 2022 | CA$1.6b | CA$736.0m | CA$355.5m | 4.1x | 4.4x | 2.1x |
| Sun, 28 Aug 2022 | CA$1.8b | CA$736.2m | CA$356.9m | 4.8x | 5.1x | 2.5x |
| Tue, 26 Jul 2022 | CA$2.0b | CA$769.2m | CA$264.9m | 7.2x | 7.5x | 2.6x |
| Thu, 23 Jun 2022 | CA$2.0b | CA$769.2m | CA$264.9m | 7.2x | 7.5x | 2.6x |
| Sat, 21 May 2022 | CA$2.6b | CA$768.6m | CA$260.5m | 9.2x | 9.9x | 3.4x |
| Mon, 18 Apr 2022 | CA$2.9b | CA$753.5m | CA$145.6m | 16.8x | 20.2x | 3.9x |
| Wed, 16 Mar 2022 | CA$2.9b | CA$683.9m | CA$100.7m | 32.9x | 28.8x | 4.2x |
| Fri, 11 Feb 2022 | CA$2.5b | CA$575.7m | -CA$15,935,353.00 | 42.5x | -156.3x | 4.3x |
| Sun, 09 Jan 2022 | CA$2.3b | CA$575.7m | -CA$15,935,353.00 | 41x | -146.7x | 4.1x |
| Tue, 07 Dec 2021 | CA$2.2b | CA$575.4m | -CA$15,807,986.00 | 41.5x | -139.2x | 3.8x |
| Thu, 04 Nov 2021 | CA$2.1b | CA$602.1m | -CA$64,659,507.00 | 107.8x | -31.8x | 3.4x |
| Sat, 02 Oct 2021 | CA$1.9b | CA$602.1m | -CA$64,659,507.00 | 111.2x | -29.8x | 3.2x |
| Mon, 30 Aug 2021 | CA$1.8b | CA$602.1m | -CA$64,659,507.00 | 93.7x | -27.9x | 3x |
| Tue, 06 Jul 2021 | CA$1.8b | CA$602.1m | -CA$64,659,507.00 | 99.8x | -28.3x | 3x |
| Fri, 09 Apr 2021 | CA$1.6b | CA$559.8m | -CA$120,856,133.00 | 10.4x | -13.1x | 2.8x |
| Thu, 31 Dec 2020 | CA$1.5b | CA$682.2m | CA$140.1m | 27.2x | 10.5x | 2.2x |
Price to Earnings Ratio
2x
Current Industry PE
- Investors are pessimistic on the Canadian 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 9.3x which is higher than its 3-year average PE of -12.8x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have declined 38% per year over the last three years,
- Revenues have also declined 7.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Canadian Real Estate Development compare with similar industries?
| CA Market | -1.70% | |
| Real Estate | -1.97% | |
| Real Estate | 0.018% | |
| Real Estate Development | 0.21% | |
| Real Estate Services | 0.23% | |
| Real Estate Operating Companies | -0.33% | |
| Diversified Real Estate | -1.93% | |
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 | |
|---|---|---|---|---|---|
| GDC Genesis Land Development | CA$2.49 | 11.2% +CA$14.2m | 29.7% | PE15.4x | |
| DRM Dream Unlimited | CA$17.16 | 1.2% +CA$9.0m | -30.9% | PE124.5x | |
| MRD Melcor Developments | CA$11.25 | 1.6% +CA$5.5m | 5.2% | PE4.1x |