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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedOct 22, 2024
DataAggregated Company Financials
Companies341
  • 7D-0.3%
  • 3M2.0%
  • 1Y9.4%
  • YTD-4.6%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 3.7%. As for the longer term, the market has risen 9.4% in the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Brazilian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Oct 2024R$4.5tR$4.4tR$428.9b9.7x10.5x1x
Thu, 19 Sep 2024R$4.7tR$4.4tR$427.1b10.2x10.9x1.1x
Sat, 17 Aug 2024R$4.7tR$4.4tR$426.7b10.3x10.9x1x
Mon, 15 Jul 2024R$4.5tR$4.3tR$446.4b10x10x1x
Wed, 12 Jun 2024R$4.2tR$4.4tR$447.0b9.9x9.5x1x
Fri, 10 May 2024R$4.6tR$4.4tR$433.2b10.2x10.5x1x
Sun, 07 Apr 2024R$4.5tR$4.3tR$458.9b10.4x9.9x1x
Tue, 05 Mar 2024R$4.6tR$4.3tR$456.7b10.3x10x1.1x
Thu, 01 Feb 2024R$4.5tR$4.3tR$466.8b11.3x9.7x1x
Sat, 30 Dec 2023R$4.8tR$4.4tR$467.0b11.8x10.2x1.1x
Mon, 27 Nov 2023R$4.4tR$4.4tR$468.4b10.7x9.5x1x
Wed, 25 Oct 2023R$4.1tR$4.5tR$504.1b10.6x8.2x0.9x
Fri, 22 Sep 2023R$4.2tR$4.5tR$504.4b10.9x8.4x0.9x
Sun, 20 Aug 2023R$4.3tR$4.5tR$503.9b10.9x8.5x0.9x
Tue, 18 Jul 2023R$4.4tR$4.6tR$552.8b11.7x8x1x
Thu, 15 Jun 2023R$4.4tR$4.6tR$554.5b11.9x8x1x
Sat, 13 May 2023R$4.1tR$4.6tR$553.9b10.4x7.4x0.9x
Mon, 10 Apr 2023R$3.9tR$4.6tR$595.1b9.4x6.5x0.8x
Wed, 08 Mar 2023R$4.0tR$4.6tR$619.4b9.5x6.4x0.9x
Fri, 03 Feb 2023R$4.2tR$4.5tR$628.4b9.8x6.7x0.9x
Sun, 01 Jan 2023R$4.2tR$4.5tR$628.6b9.7x6.7x0.9x
Tue, 29 Nov 2022R$4.2tR$4.5tR$630.2b9.1x6.7x0.9x
Thu, 27 Oct 2022R$4.5tR$4.4tR$635.3b9.3x7x1x
Sat, 24 Sep 2022R$4.5tR$4.4tR$635.3b9.8x7.1x1x
Mon, 22 Aug 2022R$4.5tR$4.4tR$640.1b9.3x7x1x
Wed, 20 Jul 2022R$4.0tR$4.2tR$682.1b7.9x5.9x0.9x
Fri, 17 Jun 2022R$4.2tR$4.2tR$683.8b8.3x6.1x1x
Sun, 15 May 2022R$4.5tR$4.1tR$678.7b9x6.6x1.1x
Tue, 12 Apr 2022R$5.0tR$4.0tR$627.0b9.9x7.9x1.2x
Thu, 10 Mar 2022R$4.9tR$3.9tR$617.4b9.6x7.9x1.3x
Sat, 05 Feb 2022R$4.8tR$3.8tR$614.9b9.7x7.8x1.3x
Mon, 03 Jan 2022R$4.6tR$3.8tR$615.1b10.8x7.5x1.2x
Wed, 01 Dec 2021R$4.6tR$3.8tR$617.5b10x7.4x1.2x
Fri, 29 Oct 2021R$4.8tR$3.6tR$540.2b11.5x8.8x1.3x
Price to Earnings Ratio

8.8x


Total Market Cap: R$4.8tTotal Earnings: R$540.2bTotal Revenue: R$3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 8.2x202220232024
Current Market PE
  • Investors are optimistic on the Brazilian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 10.5x which is higher than its 3-year average PE of 8.2x.
Past Earnings Growth
  • The earnings for Brazilian listed companies have declined 7.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.6% 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.

Sector Trends

Which sectors have driven the changes within the Brazilian Market?

BR Market-0.34%
Telecom2.38%
Tech1.36%
Consumer Staples1.15%
Industrials0.61%
Financials0.35%
Utilities0.22%
Real Estate0.059%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-1.08%
Consumer Discretionary-1.17%
Healthcare-1.84%
Energy-3.68%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 27.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.0%, which is higher than its past year's earnings growth of 13.4% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 4.0x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 3.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
JBSS3 JBSR$34.846.4%
+R$4.7b		79.6%PE19.2xConsumer Staples
EMBR3 EmbraerR$49.989.4%
+R$3.2b		180.9%PE19.2xIndustrials
BRFS3 BRFR$24.325.9%
+R$2.3b		121.3%PE21.7xConsumer Staples
VIVT3 Telefônica BrasilR$54.452.4%
+R$2.1b		20.8%PE17.3xTelecom
SUZB3 SuzanoR$56.272.9%
+R$2.0b		3.4%PE322.1xMaterials
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R$14.64

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7D

-5.1%

1Y

13.1%

EMBR3

R$49.98

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7D

9.4%

1Y

180.9%

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CRFB3

R$6.92

Atacadão

7D

-6.7%

1Y

-24.1%

VALE3

R$60.33

Vale

7D

-2.6%

1Y

-3.6%

SUZB3

R$56.27

Suzano

7D

2.9%

1Y

3.4%

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PRIO3

R$41.92

Prio

7D

-3.5%

1Y

-14.2%

CSAN3

R$11.73

Cosan

7D

-4.2%

1Y

-25.1%

SBSP3

R$92.14

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

7D

2.4%

1Y

50.7%

TIMS3

R$17.41

TIM

7D

3.0%

1Y

14.8%

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Oct 04
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VIVT3

R$54.45

Telefônica Brasil

7D

2.4%

1Y

20.8%

ABEV3

R$12.83

Ambev

7D

-0.7%

1Y

2.8%

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Sep 27
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STBP3

R$12.94

Santos Brasil Participações

7D

-12.3%

1Y

69.6%

HAPV3

R$3.65

Hapvida Participações e Investimentos

7D

-5.2%

1Y

-8.8%

MRFG3

R$14.72

Marfrig Global Foods

7D

11.8%

1Y

131.4%

JBSS3

R$34.84

JBS

7D

6.4%

1Y

79.6%

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BRFS3

R$24.32

BRF

7D

5.9%

1Y

121.3%

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