Is CTP N.V. (AMS:CTPNV) Potentially Undervalued?
Oct 26
Dutch (AEX) Real Estate Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies8
- 7D-0.3%
- 3M-8.3%
- 1Y-12.2%
- YTD2.1%
In the last week, Real Estate has been flat. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 33% annually.
Sector Valuation and Performance
Has the Dutch Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | €15.1b | €4.2b | €979.5m | 12.4x | 15.4x | 3.6x |
| Wed, 27 Sep 2023 | €15.4b | €4.2b | €855.1m | 12.8x | 18x | 3.7x |
| Fri, 25 Aug 2023 | €14.9b | €4.2b | €942.2m | 8.1x | 15.8x | 3.6x |
| Sun, 23 Jul 2023 | €14.9b | €4.1b | €1.2b | 8.5x | 12.6x | 3.6x |
| Tue, 20 Jun 2023 | €14.8b | €4.1b | €1.3b | 9.7x | 11.5x | 3.6x |
| Thu, 18 May 2023 | €14.5b | €4.1b | €1.3b | 9.7x | 10.9x | 3.5x |
| Sat, 15 Apr 2023 | €15.3b | €4.1b | €1.2b | 10.6x | 12.6x | 3.7x |
| Mon, 13 Mar 2023 | €15.9b | €4.1b | €1.3b | 10.2x | 12.3x | 3.9x |
| Wed, 08 Feb 2023 | €17.3b | €3.8b | €1.5b | 5.2x | 11.6x | 4.6x |
| Fri, 06 Jan 2023 | €15.0b | €3.8b | €1.6b | 4.4x | 9.1x | 4x |
| Sun, 04 Dec 2022 | €14.5b | €3.8b | €1.6b | 4.2x | 8.8x | 3.9x |
| Tue, 01 Nov 2022 | €13.9b | €3.7b | €1.6b | 4.5x | 8.4x | 3.7x |
| Thu, 29 Sep 2022 | €12.8b | €3.7b | €1.7b | 3.9x | 7.5x | 3.4x |
| Sat, 27 Aug 2022 | €16.0b | €3.7b | €1.6b | 5.7x | 10.2x | 4.3x |
| Mon, 25 Jul 2022 | €15.2b | €3.0b | €118.1m | 8.7x | 129.1x | 5.2x |
| Wed, 22 Jun 2022 | €15.3b | €3.0b | €57.0m | 8.6x | 268.5x | 5.1x |
| Fri, 20 May 2022 | €17.6b | €3.0b | €94.9m | 8.6x | 185.5x | 6x |
| Sun, 17 Apr 2022 | €19.8b | €2.9b | €68.5m | 6.4x | 289.8x | 6.7x |
| Tue, 15 Mar 2022 | €17.6b | €2.9b | -€481,187,041.00 | 6x | -36.7x | 6x |
| Thu, 10 Feb 2022 | €19.2b | €2.1b | -€3,543,887,041.00 | 6.1x | -5.4x | 9.2x |
| Sat, 08 Jan 2022 | €18.8b | €2.1b | -€3,683,964,041.00 | 5.6x | -5.1x | 9x |
| Mon, 06 Dec 2021 | €17.8b | €2.1b | -€3,683,964,041.00 | 5x | -4.8x | 8.5x |
| Wed, 03 Nov 2021 | €18.9b | €2.1b | -€3,772,181,041.00 | 6.5x | -5x | 9.2x |
| Fri, 01 Oct 2021 | €18.9b | €2.1b | -€3,704,962,041.00 | 9.5x | -5.1x | 9.2x |
| Sun, 29 Aug 2021 | €31.0b | €2.1b | -€3,707,877,041.00 | 18.1x | -8.4x | 15x |
| Mon, 05 Jul 2021 | €29.0b | €2.1b | -€3,707,877,041.00 | 16.6x | -7.8x | 14x |
| Thu, 08 Apr 2021 | €26.0b | €2.0b | -€5,443,911,541.00 | 33.5x | -4.8x | 12.8x |
| Sun, 10 Jan 2021 | €17.7b | €1.6b | -€7,392,772,628.00 | 93.6x | -2.4x | 10.9x |
Price to Earnings Ratio
-2x
Current Industry PE
- Investors are pessimistic on the Dutch 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 15.4x which is lower than its 3-year average PE of 29.0x.
- The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 3.6x.
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 17% 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 Dutch Real Estate sector?
| NL Market | 0.82% | |
| Real Estate | -0.32% | |
| Real Estate | 2.44% | |
| Office REITs | 0.23% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | -2.10% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 23.6x.
- Analysts are expecting annual earnings growth of 47.1%, which is higher than its past year's earnings decline of 76.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 96% over the next 5 years.
- In contrast, the Real Estate industry is expected to see its earnings grow by 6.9% 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 | |
|---|---|---|---|---|---|
| CTPNV CTP | €13.28 | 2.5% +€143.4m | 26.5% | PE7.8x | |
| ECMPA Eurocommercial Properties | €19.91 | 2.2% +€22.4m | -10.6% | PB0.5x | |
| VASTN Vastned Retail | €19.04 | 7.1% +€21.6m | -7.3% | PB0.5x | |
| NSI NSI | €17.10 | 1.1% +€3.6m | -29.3% | PB0.4x |