Results: BB Seguridade Participações S.A. Exceeded Expectations And The Consensus Has Updated Its Estimates
May 09
Brazilian (BOVESPA) Financials Sector Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies43
- 7D1.8%
- 3M-3.1%
- 1Y13.7%
- YTD-4.4%
Over the last 7 days, the Financials industry has risen 1.8%, driven by gains from Banco BTG Pactual of 2.9%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Brazilian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 May 2024 | R$1.3t | R$512.7b | R$143.2b | 8.3x | 8.9x | 2.5x |
| Thu, 18 Apr 2024 | R$1.2t | R$500.4b | R$138.3b | 8.4x | 8.9x | 2.5x |
| Sat, 16 Mar 2024 | R$1.3t | R$503.0b | R$138.8b | 9.4x | 9.4x | 2.6x |
| Mon, 12 Feb 2024 | R$1.3t | R$491.7b | R$143.6b | 10.1x | 9.1x | 2.6x |
| Wed, 10 Jan 2024 | R$1.3t | R$508.3b | R$139.8b | 10x | 9.5x | 2.6x |
| Fri, 08 Dec 2023 | R$1.3t | R$508.3b | R$139.8b | 9.8x | 9x | 2.5x |
| Sun, 05 Nov 2023 | R$1.2t | R$505.2b | R$138.3b | 8.6x | 8.4x | 2.3x |
| Tue, 03 Oct 2023 | R$1.1t | R$504.7b | R$139.0b | 8.4x | 8.1x | 2.2x |
| Thu, 31 Aug 2023 | R$1.2t | R$504.9b | R$139.1b | 8.7x | 8.5x | 2.3x |
| Sat, 29 Jul 2023 | R$1.2t | R$506.0b | R$137.2b | 9.3x | 8.9x | 2.4x |
| Mon, 26 Jun 2023 | R$1.2t | R$506.8b | R$139.7b | 9.1x | 8.7x | 2.4x |
| Wed, 24 May 2023 | R$1.1t | R$506.8b | R$140.5b | 8.7x | 8x | 2.2x |
| Fri, 21 Apr 2023 | R$1.1t | R$518.4b | R$136.9b | 8.4x | 7.7x | 2x |
| Sun, 19 Mar 2023 | R$968.0b | R$504.6b | R$136.2b | 8.6x | 7.1x | 1.9x |
| Tue, 14 Feb 2023 | R$1.0t | R$493.8b | R$133.7b | 9.1x | 7.8x | 2.1x |
| Thu, 12 Jan 2023 | R$1.1t | R$495.6b | R$140.1b | 9.5x | 7.8x | 2.2x |
| Sat, 10 Dec 2022 | R$1.0t | R$496.0b | R$140.2b | 9.4x | 7.2x | 2x |
| Mon, 07 Nov 2022 | R$1.2t | R$485.8b | R$132.5b | 11.1x | 9.1x | 2.5x |
| Wed, 05 Oct 2022 | R$1.2t | R$487.7b | R$133.7b | 11.2x | 8.9x | 2.5x |
| Fri, 02 Sep 2022 | R$1.1t | R$487.5b | R$134.1b | 11.8x | 8.3x | 2.3x |
| Sun, 31 Jul 2022 | R$1.0t | R$480.7b | R$128.6b | 8.3x | 8x | 2.1x |
| Tue, 28 Jun 2022 | R$1.0t | R$480.7b | R$128.6b | 8.3x | 8x | 2.1x |
| Thu, 26 May 2022 | R$1.1t | R$481.2b | R$128.5b | 9.1x | 8.7x | 2.3x |
| Sat, 23 Apr 2022 | R$1.1t | R$465.3b | R$123.4b | 9.3x | 9.2x | 2.4x |
| Mon, 21 Mar 2022 | R$1.1t | R$463.4b | R$121.7b | 9.5x | 9.4x | 2.5x |
| Wed, 16 Feb 2022 | R$1.2t | R$464.9b | R$117.5b | 9.4x | 9.9x | 2.5x |
| Fri, 14 Jan 2022 | R$1.0t | R$468.1b | R$121.0b | 8.8x | 8.5x | 2.2x |
| Sun, 12 Dec 2021 | R$1.1t | R$468.1b | R$121.0b | 8.6x | 9x | 2.3x |
| Tue, 09 Nov 2021 | R$1.1t | R$453.3b | R$114.2b | 9x | 9.8x | 2.5x |
| Thu, 07 Oct 2021 | R$1.2t | R$453.3b | R$114.0b | 9.6x | 10.1x | 2.5x |
| Sat, 04 Sep 2021 | R$1.3t | R$455.0b | R$114.2b | 10.1x | 11.3x | 2.8x |
| Mon, 02 Aug 2021 | R$1.4t | R$455.0b | R$114.2b | 11.2x | 12.1x | 3x |
Price to Earnings Ratio
14.6x
Current Industry PE
- Investors are relatively neutral on the Brazilian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.0x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 7.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Financials sector?
| BR Market | 0.32% | |
| Financials | 1.80% | |
| Capital Markets | 4.50% | |
| Diversified Financial | 3.29% | |
| Insurance | 2.28% | |
| Banks | 0.91% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
Industry PE
- Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 20.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Financial industry, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings growth rate of 9.6% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| PSSA3 Porto Seguro | R$31.20 | 9.2% +R$1.7b | 35.1% | PE7.8x | |
| CXSE3 Caixa Seguridade Participações | R$16.06 | 2.8% +R$1.3b | 61.9% | PE13.3x | |
| BNBR3 Banco do Nordeste do Brasil | R$115.55 | 11.1% +R$997.6m | 47.8% | PE4.8x | |
| CIEL3 Cielo | R$5.60 | 0.4% +R$54.1m | 7.7% | PE7x | |
| CSUD3 CSU Digital | R$19.20 | 6.7% +R$49.5m | 52.7% | PE8.6x |
