Real Estate

The sector, Real Estate, contains the industry groups:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2020 2021 $ Change % Change
Revenue 3,673.2 4,269.1 595.9 16.2
Less: Cost of Goods Sold -1,063.5 -1,590.6 -527.1 49.6
Gross Profit 4,736.7 5,859.7 1,123.0 23.7
Less: Operating Costs 589.0 1,170.2 581.2 98.7
Operating Profit 4,147.7 4,689.5 541.8 13.1
Less: Financing Costs -5,328.1 -491.5 4,836.6 -90.8
Earnings Before Tax 9,475.8 5,181.0 -4,294.8 -45.3
Less: Income Tax -138.5 -141.3 -2.8 2.0
Net Profit 9,614.3 5,322.3 -4,292.0 -44.6

Balance Sheet

($'M) 2020 2021 $ Change % Change
Current Assets 5,850.1 3,091.5 -2,758.6 -47.2
Non Current Assets 48,352.2 50,458.1 2,105.9 4.4
Assets 54,202.3 53,549.6 -652.7 -1.2
Current Liabilities 4,192.9 3,291.4 -901.5 -21.5
Non Current Liabilities 19,494.4 17,922.1 -1,572.3 -8.1
Liabilities 23,687.3 21,213.5 -2,473.8 -10.4
Equity 30,515.0 32,336.1 1,821.1 6.0

Cash Flow Statement

($'M) 2020 2021 $ Change % Change
Cash Flow from Operating Activities 1,841.5 2,001.9 160.4 8.7
Cash Flow from Financing Activities 459.0 -1,293.8 -1,752.8 -381.9
Cash Flow from Investing Activities -663.0 -891.9 -228.9 34.5
Net Cash Flow 1,637.5 -183.8 -1,821.3 -111.2
Foreign Exchange Fluctuations -4.9 -88.0 -83.1 1,695.9
Cash at the Beginning of the Period 1,860.1 2,170.9 310.8 16.7
Cash at the End of the Period 3,492.7 1,899.1 -1,593.6 -45.6

Ratio Analysis

Profitability

2020 2021 Change
Gross Profit Margin 129.0% 137.3% 8.3%
Operating Profit Margin 112.9% 109.8% -3.1%
Net Profit Margin 261.7% 124.7% -137.1%

Management Effectiveness

2020 2021 Change
Return on Assets 17.7% 9.9% -7.8%
Return on Equity 31.5% 16.5% -15.0%
Current Ratio 1.4 0.9 -0.5
Debt to Equity Ratio 0.8 0.7 -0.1

Valuation

2020 2021 Change  
Share Price ($) 5.92 7.89 1.96 33.1%
Ordinary Shares 7,018,791,575 7,037,807,594 19,016,019 0.3%
Market Capitalisation ($) 41,581,188,337 55,511,672,880 13,930,484,543 33.5%
Revenue per Share ($) 0.52 0.61 0.08 15.9%
Earnings per Share ($) 1.37 0.76 -0.61 -44.8%
Equity per Share ($) 4.35 4.59 0.25 5.7%
Dividends per Share ($) 0.16 0.18 0.02 12.0%
Dividend Yield 2.7% 2.3% -0.4%  
Price to Sales Ratio 11.3 13.0 1.7 14.9%
Price to Earnings Ratio 4.3 10.4 6.1 141.2%
Price to Book Ratio 1.4 1.7 0.4 26.0%