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Brazilian (BOVESPA) Consumer Discretionary Sector Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies66
  • 7D2.8%
  • 3M2.8%
  • 1Y12.4%
  • YTD3.1%

Ultrapar Participações is up 8.3%, leading the way for the Consumer Discretionary industry, which has gained 2.8%. During this same period, the Azzas 2154 underperformed, falling 8.5%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

Has the Brazilian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026R$253.0bR$669.9bR$7.0b8.5x36.1x0.4x
Wed, 25 Feb 2026R$284.8bR$645.5bR$5.5b9.9x52.1x0.4x
Fri, 23 Jan 2026R$265.8bR$881.1b-R$5,012,075,530.008.9x-53x0.3x
Sun, 21 Dec 2025R$257.7bR$885.0b-R$5,154,780,530.008.2x-50x0.3x
Tue, 18 Nov 2025R$264.1bR$889.7bR$4.2b9.1x63.4x0.3x
Thu, 16 Oct 2025R$240.2bR$895.2bR$9.7b7.5x24.7x0.3x
Sat, 13 Sep 2025R$221.8bR$713.5bR$18.8b8.4x11.8x0.3x
Mon, 11 Aug 2025R$201.1bR$710.6bR$22.6b8.3x8.9x0.3x
Wed, 09 Jul 2025R$217.7bR$707.0bR$21.0b9.8x10.4x0.3x
Fri, 06 Jun 2025R$221.5bR$707.0bR$21.0b9.6x10.5x0.3x
Sun, 04 May 2025R$198.6bR$686.0bR$23.4b8.9x8.5x0.3x
Tue, 01 Apr 2025R$183.6bR$685.7bR$23.4b8.4x7.8x0.3x
Thu, 27 Feb 2025R$172.3bR$680.7bR$23.4b8.3x7.4x0.3x
Sat, 25 Jan 2025R$170.5bR$670.8bR$28.1b8.8x6.1x0.3x
Mon, 23 Dec 2024R$175.8bR$669.5bR$28.1b8.7x6.3x0.3x
Wed, 20 Nov 2024R$197.3bR$668.5bR$28.3b9.9x7x0.3x
Fri, 18 Oct 2024R$209.9bR$629.9bR$12.3b11.4x17.1x0.3x
Sun, 15 Sep 2024R$224.9bR$632.1bR$11.1b11.4x20.4x0.4x
Tue, 13 Aug 2024R$216.4bR$624.8bR$10.3b10.5x21x0.3x
Thu, 11 Jul 2024R$211.7bR$623.7bR$6.1b11.9x34.5x0.3x
Sat, 08 Jun 2024R$198.8bR$607.2bR$6.0b10.7x33.2x0.3x
Mon, 06 May 2024R$221.2bR$606.4bR$7.0b10.6x31.5x0.4x
Wed, 03 Apr 2024R$198.2bR$384.5bR$3.0b12.5x66.7x0.5x
Fri, 01 Mar 2024R$199.5bR$386.0bR$3.7b12.8x53.7x0.5x
Sun, 28 Jan 2024R$193.2bR$386.1bR$5.3b12.3x36.4x0.5x
Tue, 26 Dec 2023R$221.4bR$386.1bR$5.3b12.2x41.6x0.6x
Thu, 23 Nov 2023R$190.5bR$385.9bR$5.3b11.7x35.9x0.5x
Sat, 21 Oct 2023R$162.5bR$421.5bR$4.1b9.2x39.4x0.4x
Mon, 18 Sep 2023R$192.4bR$422.0bR$4.4b11x44x0.5x
Wed, 16 Aug 2023R$205.9bR$431.8bR$5.0b12.7x40.9x0.5x
Fri, 14 Jul 2023R$206.9bR$429.6bR$4.9b12.8x42.5x0.5x
Sun, 11 Jun 2023R$211.1bR$429.6bR$4.9b12.5x43.2x0.5x
Tue, 09 May 2023R$171.0bR$426.2bR$5.0b10.2x34.4x0.4x
Thu, 06 Apr 2023R$154.9bR$425.4bR$5.9b10.5x26.4x0.4x
Price to Earnings Ratio

26.4x


Total Market Cap: R$154.9bTotal Earnings: R$5.9bTotal Revenue: R$425.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Consumer Discretionary Sector Price to Earnings3Y Average 21.8x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Consumer Discretionary industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.1x which is higher than its 3-year average PE of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 6.1% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Consumer Discretionary sector?

BR Market2.50%
Consumer Discretionary2.82%
Specialty Stores4.67%
Consumer Services3.26%
Consumer Durables1.61%
Hospitality1.41%
Luxury0.69%
Leisure0.65%
Auto Components0.59%
Online Retail and Ecommerce0%0
General Merchandise and Department Stores-1.32%
Industry PE
  • Investors are most optimistic about the Hospitality industry even though it's trading below its 3-year average PE ratio of 390x.
    • Analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings growth of 2.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the General Merchandise and Department Stores industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Luxury industry is expected to see its earnings grow by 3.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
UGPA3 Ultrapar ParticipaçõesR$28.323.3%
+R$961.8m		65.5%PE11.4x
VBBR3 Vibra EnergiaR$30.840.9%
+R$322.0m		85.8%PE18.4x
SEER3 Ser EducacionalR$12.3217.1%
+R$229.7m		154.0%PE14.3x
AMER3 AmericanasR$5.425.0%
+R$52.1m		-4.9%PS0.08x
YDUQ3 Yduqs ParticipaçõesR$11.171.5%
+R$44.8m		-3.2%PE16.2x

Latest News

YDUQ3
R$11.17
Yduqs Participações
7D
1.5%
1Y
-3.2%
AUAU3
R$3.04
Uniao Pet Participacoes
7D
1.7%
1Y
n/a
SEER3
R$12.32
Ser Educacional
7D
17.1%
1Y
154.0%
AZZA3
R$24.37
Azzas 2154
7D
-11.6%
1Y
-0.5%

AZZA3: Higher Required Return Will Still Support Future Upside Potential

Analysts have trimmed the Azzas 2154 price target slightly to R$35.23 from R$35.31, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E, which together point to a marginally adjusted valuation profile. Valuation Changes Fair Value: R$35.23, slightly below the previous estimate of R$35.31, implying a very small adjustment to the modeled upside.
MGLU3
R$8.09
Magazine Luiza
7D
-7.6%
1Y
-16.3%
SMFT3
R$18.43
Smartfit Escola de Ginástica e Dança
7D
-3.2%
1Y
-9.7%
CSAN3
R$5.11
Cosan
7D
-4.5%
1Y
-30.9%

CSAN3: Higher Growth Assumptions And Portfolio Diversification Will Drive Future Upside Potential

Cosan's analyst price target has shifted to R$7.48 from R$8.58, with analysts pointing to adjustments in fair value, discount rate, revenue growth, profit margin, and future P/E assumptions behind the change. Valuation Changes Fair Value: Reduced from R$8.58 to R$7.48, indicating a lower central estimate of Cosan's equity value per share.
LREN3
R$14.89
Lojas Renner
7D
-4.9%
1Y
21.7%

LREN3: Share Repurchases Will Support Higher Profitability And Future Upside

Analysts kept their R$22.00 price target for Lojas Renner unchanged, citing a balance between revised assumptions for softer revenue growth, a higher profit margin, and a slightly higher future P/E multiple. What's in the News The company reported completion of its share repurchase program announced on February 20, 2025.
CEAB3
R$12.00
C&A Modas
7D
0.8%
1Y
13.0%

CEAB3: Index Inclusion Will Support Confidence In Updated Long Term Outlook

Analysts have trimmed their price target for C&A Modas slightly, revising their estimate of fair value to about R$20.16 per share from roughly R$20.58 per share. This change reflects a marginally higher discount rate and small adjustments to long term growth, margins, and future P/E assumptions.
CYRE3
R$25.93
Cyrela Brazil Realty Empreendimentos e Participações
7D
-4.7%
1Y
8.5%
DIRR3
R$12.97
Direcional Engenharia
7D
-7.9%
1Y
23.8%

DIRR3: Higher Discount Rate Will Still Support Future Equity Upside

Analysts now see a slightly lower fair value for Direcional Engenharia, with the price target moving from R$17.43 to R$17.31. This reflects updated assumptions around discount rates, revenue growth and future P/E expectations.
VBBR3
R$30.84
Vibra Energia
7D
0.9%
1Y
85.8%

VBBR3: Tax Policy Tailwinds Will Still Offer Limited Long Term Upside

Analysts have raised their fair value estimate for Vibra Energia from R$23.54 to R$25.40, citing recent upgrades and higher price targets driven by improved sentiment toward Brazilian fuel retailers following government tax and subsidy changes. Analyst Commentary Recent Street research points to a more constructive stance on Vibra Energia, helped by policy moves around oil export taxes, fuel taxes, and diesel subsidies.
AMER3
R$5.42
Americanas
7D
5.0%
1Y
-4.9%
UGPA3
R$28.32
Ultrapar Participações
7D
3.3%
1Y
65.5%

UGPA3: Policy Shifts And Execution Risks Will Likely Cap Future Upside

Analysts have lifted their Ultrapar Participações price target from about R$18.66 to roughly R$22.25. This reflects updated views on Brazil's fuel tax changes and oil export policies that feed into revised assumptions for discount rates, margins and future P/E levels.
CURY3
R$33.93
Cury Construtora e Incorporadora
7D
-3.5%
1Y
38.2%
AMAR3
R$0.89
Marisa Lojas
7D
4.7%
1Y
-45.1%

Marisa Lojas' (BVMF:AMAR3) Solid Earnings Are Supported By Other Strong Factors

Nov 21
Marisa Lojas' (BVMF:AMAR3) Solid Earnings Are Supported By Other Strong Factors