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Brazilian (BOVESPA) Market Analysis & Valuation
UpdatedJun 02, 2023
DataAggregated Company Financials
Companies370
- 7D-0.4%
- 3M5.6%
- 1Y-8.1%
- YTD3.4%
The Consumer Discretionary sector gained 3.5% while the market remained flat over the last week. As for last year, the market is down 8.1%. Looking forward, earnings are forecast to grow by 13% annually.
Market Valuation and Performance
Has the Brazilian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 02 Jun 2023 | R$4.1t | R$4.6t | R$556.6b | 10.9x | 7.4x | 0.9x |
| Sun, 30 Apr 2023 | R$4.0t | R$4.6t | R$582.8b | 9.8x | 6.9x | 0.9x |
| Tue, 28 Mar 2023 | R$3.8t | R$4.6t | R$604.8b | 9.5x | 6.4x | 0.8x |
| Thu, 23 Feb 2023 | R$4.1t | R$4.6t | R$609.5b | 9.6x | 6.8x | 0.9x |
| Sat, 21 Jan 2023 | R$4.3t | R$4.6t | R$630.2b | 9.8x | 6.8x | 0.9x |
| Mon, 19 Dec 2022 | R$4.0t | R$4.6t | R$629.4b | 8.9x | 6.3x | 0.9x |
| Wed, 16 Nov 2022 | R$4.5t | R$4.5t | R$630.4b | 9.7x | 7.1x | 1x |
| Fri, 14 Oct 2022 | R$4.6t | R$4.4t | R$636.5b | 9.7x | 7.2x | 1x |
| Sun, 11 Sep 2022 | R$4.5t | R$4.4t | R$636.7b | 9.8x | 7.1x | 1x |
| Tue, 09 Aug 2022 | R$4.5t | R$4.3t | R$660.5b | 8.8x | 6.8x | 1x |
| Thu, 07 Jul 2022 | R$4.1t | R$4.2t | R$683.2b | 8x | 6x | 1x |
| Sat, 04 Jun 2022 | R$4.5t | R$4.2t | R$680.9b | 9x | 6.6x | 1.1x |
| Mon, 02 May 2022 | R$4.6t | R$4.0t | R$619.6b | 9.5x | 7.4x | 1.1x |
| Wed, 30 Mar 2022 | R$5.1t | R$4.0t | R$623.8b | 10.2x | 8.2x | 1.3x |
| Fri, 25 Feb 2022 | R$4.8t | R$3.9t | R$616.1b | 9.7x | 7.8x | 1.2x |
| Sun, 23 Jan 2022 | R$4.7t | R$3.8t | R$615.3b | 9.7x | 7.6x | 1.2x |
| Tue, 21 Dec 2021 | R$4.6t | R$3.8t | R$615.7b | 10.4x | 7.5x | 1.2x |
| Thu, 18 Nov 2021 | R$4.7t | R$3.7t | R$608.4b | 11x | 7.7x | 1.3x |
| Sat, 16 Oct 2021 | R$5.0t | R$3.5t | R$535.7b | 12.6x | 9.4x | 1.4x |
| Mon, 13 Sep 2021 | R$5.3t | R$3.5t | R$536.7b | 11.9x | 9.8x | 1.5x |
| Wed, 11 Aug 2021 | R$5.5t | R$3.5t | R$528.3b | 13.8x | 10.4x | 1.6x |
| Sun, 06 Jun 2021 | R$5.4t | R$2.9t | R$358.2b | 15.6x | 15.2x | 1.9x |
| Wed, 10 Mar 2021 | R$4.7t | R$2.6t | R$220.7b | 16.7x | 21.4x | 1.8x |
| Tue, 01 Dec 2020 | R$4.4t | R$2.4t | R$128.2b | 17x | 34.4x | 1.8x |
| Fri, 04 Sep 2020 | R$4.0t | R$2.3t | R$113.4b | 16.6x | 35.2x | 1.8x |
| Mon, 08 Jun 2020 | R$3.4t | R$2.3t | R$155.3b | 12.8x | 22.1x | 1.5x |
Price to Earnings Ratio
22.1x
Current Market PE
- Investors are pessimistic on the Brazilian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 13.8x.
Past Earnings Growth
- The earnings for Brazilian listed companies have grown 53% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Brazilian Market?
| BR Market | -0.41% | |
| Consumer Discretionary | 3.47% | |
| Healthcare | 1.28% | |
| Real Estate | 1.07% | |
| Energy | 0.96% | |
| Tech | 0.65% | |
| Financials | -0.22% | |
| Utilities | -0.98% | |
| Industrials | -1.00% | |
| Consumer Staples | -1.33% | |
| Materials | -1.80% | |
| Telecom | -3.02% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 51.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 41.8% which is higher than its past year's earnings decline of 10.0% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 9.4% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 8.1% 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 | Sector | |
|---|---|---|---|---|---|---|
| B3SA3 B3 - Brasil Bolsa Balcão | R$14.30 | 4.7% +R$3.7b | 12.9% | PE19.5x | Financials | |
| RAIL3 Rumo | R$21.97 | 4.6% +R$1.8b | 19.5% | PE62.1x | Industrials | |
| BPAC11 Banco BTG Pactual | R$27.28 | 0.5% +R$1.6b | 12.0% | PE39x | Financials | |
| MGLU3 Magazine Luiza | R$4.06 | 6.3% +R$1.6b | 13.1% | PS0.7x | Consumer Discretionary | |
| HAPV3 Hapvida Participações e Investimentos | R$4.10 | 5.1% +R$1.4b | -35.3% | PS1.1x | Healthcare |
Market Insights
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