Is Now An Opportune Moment To Examine TAG Immobilien AG (ETR:TEG)?
Oct 27
German (DAX) Real Estate Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies69
- 7D-0.1%
- 3M-5.9%
- 1Y-10.4%
- YTD-12.0%
In the last week, the Real Estate industry is flat overall, with Sedlmayr Grund und Immobilien standing out by going down 8.3%. Unfortunately though, the industry is down 10% over the past 12 months. Looking forward, earnings are forecast to grow by 94% annually.
Industry Valuation and Performance
Has the German Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €64.7b | €19.3b | -€16,474,344,031.00 | 10.2x | -3.9x | 3.3x |
| Thu, 28 Sep 2023 | €68.3b | €19.4b | -€16,641,631,105.00 | 10.7x | -4.1x | 3.5x |
| Sat, 26 Aug 2023 | €66.7b | €19.7b | -€14,448,331,902.00 | 16.4x | -4.6x | 3.4x |
| Mon, 24 Jul 2023 | €69.1b | €20.6b | -€3,961,413,375.00 | 17.2x | -17.4x | 3.4x |
| Wed, 21 Jun 2023 | €64.5b | €20.6b | -€3,708,219,889.00 | 17.3x | -17.4x | 3.1x |
| Fri, 19 May 2023 | €63.0b | €21.1b | -€3,188,536,035.00 | 16.5x | -19.7x | 3x |
| Sun, 16 Apr 2023 | €61.6b | €24.8b | -€1,976,825,010.00 | 14.3x | -31.2x | 2.5x |
| Tue, 14 Mar 2023 | €65.1b | €25.6b | €4.7b | 13.7x | 13.7x | 2.5x |
| Thu, 09 Feb 2023 | €73.9b | €25.5b | €6.4b | 13.2x | 11.6x | 2.9x |
| Sat, 07 Jan 2023 | €70.8b | €25.4b | €6.4b | 14.2x | 11.1x | 2.8x |
| Mon, 05 Dec 2022 | €69.4b | €25.5b | €6.4b | 12.7x | 10.8x | 2.7x |
| Wed, 02 Nov 2022 | €69.1b | €24.6b | €7.2b | 12.2x | 9.6x | 2.8x |
| Fri, 30 Sep 2022 | €63.3b | €24.6b | €7.2b | 11.3x | 8.8x | 2.6x |
| Sun, 28 Aug 2022 | €73.8b | €24.2b | €7.9b | 12.6x | 9.4x | 3x |
| Tue, 26 Jul 2022 | €79.4b | €22.4b | €8.2b | 12.8x | 9.7x | 3.5x |
| Thu, 23 Jun 2022 | €80.3b | €22.4b | €8.2b | 13.1x | 9.8x | 3.6x |
| Sat, 21 May 2022 | €88.0b | €22.5b | €8.7b | 12.9x | 10.2x | 3.9x |
| Mon, 18 Apr 2022 | €96.5b | €18.1b | €10.6b | 14.1x | 9.1x | 5.3x |
| Wed, 16 Mar 2022 | €108.5b | €18.0b | €13.7b | 13.9x | 7.9x | 6x |
| Fri, 11 Feb 2022 | €111.9b | €18.1b | €13.7b | 14.1x | 8.2x | 6.2x |
| Sun, 09 Jan 2022 | €108.3b | €17.7b | €13.4b | 13.6x | 8.1x | 6.1x |
| Tue, 07 Dec 2021 | €104.9b | €17.8b | €13.5b | 14.4x | 7.8x | 5.9x |
| Thu, 04 Nov 2021 | €105.9b | €17.7b | €11.3b | 15.3x | 9.3x | 6x |
| Sat, 02 Oct 2021 | €109.2b | €17.7b | €11.4b | 14.9x | 9.6x | 6.2x |
| Mon, 30 Aug 2021 | €115.9b | €17.8b | €11.5b | 14.8x | 10.1x | 6.5x |
| Tue, 06 Jul 2021 | €110.8b | €17.8b | €11.5b | 14.1x | 9.7x | 6.2x |
| Fri, 09 Apr 2021 | €103.2b | €17.8b | €9.7b | 13.3x | 10.7x | 5.8x |
| Thu, 31 Dec 2020 | €110.0b | €17.8b | €9.3b | 15.5x | 11.9x | 6.2x |
Price to Earnings Ratio
10.4x
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 4.5x 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 4.3% 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 industry?
| DE Market | -1.32% | |
| Real Estate | -0.18% | |
| Real Estate | -0.13% | |
| Diversified Real Estate | 1.56% | |
| Real Estate Services | 0% | |
| Real Estate Development | -0.026% | |
| Real Estate Operating Companies | -0.16% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 140x.
- Analysts are expecting annual earnings growth of 74.5%, which is higher than its past year's earnings decline of 15.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 95% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 26% 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 |
