Is Now An Opportune Moment To Examine TAG Immobilien AG (ETR:TEG)?
Oct 27
German (DAX) Real Estate Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies74
- 7D-0.2%
- 3M-6.4%
- 1Y-12.2%
- YTD-13.4%
Over the last 7 days, the Real Estate industry has remained flat, although notably Sedlmayr Grund und Immobilien declined by 8.9%. Unfortunately though, the industry is down 12% over the past 12 months. Looking forward, earnings are forecast to grow by 93% annually.
Sector Valuation and Performance
Has the German Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €66.1b | €19.8b | -€16,821,210,398.00 | 13.2x | -3.9x | 3.3x |
| Thu, 28 Sep 2023 | €69.8b | €19.8b | -€16,988,497,472.00 | 11.2x | -4.1x | 3.5x |
| Sat, 26 Aug 2023 | €68.5b | €20.1b | -€14,789,408,269.00 | 16.5x | -4.6x | 3.4x |
| Mon, 24 Jul 2023 | €70.9b | €21.1b | -€3,997,408,475.00 | 17.2x | -17.7x | 3.4x |
| Wed, 21 Jun 2023 | €66.5b | €21.1b | -€3,768,692,452.00 | 17.3x | -17.6x | 3.2x |
| Fri, 19 May 2023 | €65.0b | €21.6b | -€3,249,008,598.00 | 16.5x | -20x | 3x |
| Sun, 16 Apr 2023 | €64.0b | €25.3b | -€2,010,239,473.00 | 14.3x | -31.8x | 2.5x |
| Tue, 14 Mar 2023 | €67.6b | €26.1b | €4.7b | 13.2x | 14.3x | 2.6x |
| Thu, 09 Feb 2023 | €76.7b | €26.0b | €6.6b | 11.9x | 11.5x | 2.9x |
| Sat, 07 Jan 2023 | €73.5b | €25.9b | €6.6b | 11.2x | 11.1x | 2.8x |
| Mon, 05 Dec 2022 | €72.1b | €26.0b | €6.7b | 11.8x | 10.7x | 2.8x |
| Wed, 02 Nov 2022 | €72.1b | €25.1b | €7.5b | 11.3x | 9.6x | 2.9x |
| Fri, 30 Sep 2022 | €65.9b | €25.1b | €7.5b | 11.1x | 8.8x | 2.6x |
| Sun, 28 Aug 2022 | €77.7b | €24.7b | €8.2b | 12.3x | 9.4x | 3.1x |
| Tue, 26 Jul 2022 | €83.2b | €22.8b | €8.6b | 12.4x | 9.7x | 3.6x |
| Thu, 23 Jun 2022 | €84.0b | €22.8b | €8.5b | 12.8x | 9.9x | 3.7x |
| Sat, 21 May 2022 | €92.0b | €23.0b | €9.0b | 11.8x | 10.2x | 4x |
| Mon, 18 Apr 2022 | €100.6b | €18.5b | €11.0b | 13.4x | 9.2x | 5.4x |
| Wed, 16 Mar 2022 | €113.1b | €18.4b | €14.2b | 13.7x | 8x | 6.1x |
| Fri, 11 Feb 2022 | €117.4b | €18.6b | €14.2b | 14x | 8.2x | 6.3x |
| Sun, 09 Jan 2022 | €114.3b | €18.2b | €13.9b | 13.7x | 8.2x | 6.3x |
| Tue, 07 Dec 2021 | €110.8b | €18.3b | €14.0b | 14.4x | 7.9x | 6.1x |
| Thu, 04 Nov 2021 | €111.5b | €18.2b | €11.8b | 15.1x | 9.4x | 6.1x |
| Sat, 02 Oct 2021 | €114.5b | €18.2b | €11.9b | 14.5x | 9.7x | 6.3x |
| Mon, 30 Aug 2021 | €121.4b | €18.3b | €12.0b | 13.9x | 10.1x | 6.6x |
| Tue, 06 Jul 2021 | €116.0b | €18.3b | €12.0b | 13.6x | 9.6x | 6.3x |
| Fri, 09 Apr 2021 | €108.2b | €18.2b | €10.0b | 13.3x | 10.8x | 5.9x |
| Thu, 31 Dec 2020 | €115.3b | €18.3b | €9.6b | 15.4x | 12x | 6.3x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are pessimistic on the German Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 4.1% 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 Trends
Which industries have driven the changes within the German Real Estate sector?
| DE Market | -1.32% | |
| Real Estate | -0.18% | |
| REITS | 3.00% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Real Estate | -0.13% | |
| Retail REITs | -1.78% | |
| Office REITs | -3.68% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 105% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 68% per year 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 | |
|---|---|---|---|---|---|
| VNA Vonovia | €21.00 | 4.2% +€684.3m | -6.3% | PS2.7x | |
| AT1 Aroundtown | €1.96 | 5.7% +€114.8m | -2.6% | PS1.4x | |
| TEG TAG Immobilien | €9.82 | 4.7% +€77.9m | 54.8% | PS1.5x | |
| DWNI Deutsche Wohnen | €19.34 | 0.4% +€31.8m | -5.3% | PS4.3x | |
| WCMK WCM Beteiligungs- und Grundbesitz-AG | €1.95 | 10.8% +€28.6m | -49.5% | PS2.3x |
