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Brazilian (BOVESPA) Consumer Discretionary Sector Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies67
  • 7D0.2%
  • 3M-3.9%
  • 1Y16.6%
  • YTD17.1%

In the last week, the Consumer Discretionary industry is flat overall, with Guararapes Confecções standing out by going down 24%. As for the the longer term, the industry is up 17% over the past 12 months. Looking forward, earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025R$257.9bR$885.0b-R$5,154,780,530.008.3x-50x0.3x
Sat, 22 Nov 2025R$270.4bR$890.0bR$4.2b9.2x65x0.3x
Mon, 20 Oct 2025R$239.8bR$895.2bR$9.7b7.4x24.6x0.3x
Wed, 17 Sep 2025R$226.5bR$713.5bR$18.8b8.5x12.1x0.3x
Fri, 15 Aug 2025R$200.4bR$717.9bR$21.6b8.3x9.3x0.3x
Sun, 13 Jul 2025R$208.8bR$707.0bR$21.0b9.2x9.9x0.3x
Tue, 10 Jun 2025R$218.6bR$707.0bR$21.0b9.7x10.4x0.3x
Thu, 08 May 2025R$195.5bR$686.1bR$23.5b9x8.3x0.3x
Sat, 05 Apr 2025R$183.9bR$686.0bR$23.5b8.4x7.8x0.3x
Mon, 03 Mar 2025R$166.2bR$681.3bR$23.5b8.2x7.1x0.2x
Wed, 29 Jan 2025R$178.5bR$670.8bR$28.1b8.5x6.3x0.3x
Fri, 27 Dec 2024R$169.3bR$669.5bR$28.1b8.4x6x0.3x
Sun, 24 Nov 2024R$200.3bR$669.0bR$28.1b10.2x7.1x0.3x
Tue, 22 Oct 2024R$207.9bR$629.9bR$12.3b11.3x16.9x0.3x
Thu, 19 Sep 2024R$225.0bR$632.1bR$11.1b11.5x20.4x0.4x
Sat, 17 Aug 2024R$216.6bR$635.2bR$10.8b10.8x20.1x0.3x
Mon, 15 Jul 2024R$214.4bR$623.7bR$6.1b11.5x34.9x0.3x
Wed, 12 Jun 2024R$193.4bR$607.2bR$6.0b10.6x32.3x0.3x
Fri, 10 May 2024R$219.6bR$606.6bR$8.0b10.6x27.6x0.4x
Sun, 07 Apr 2024R$194.2bR$384.5bR$3.0b12.3x65.4x0.5x
Tue, 05 Mar 2024R$200.0bR$386.6bR$3.9b12.7x50.6x0.5x
Thu, 01 Feb 2024R$188.3bR$386.1bR$5.3b12.5x35.5x0.5x
Sat, 30 Dec 2023R$206.5bR$386.1bR$5.3b12.4x38.8x0.5x
Mon, 27 Nov 2023R$184.4bR$386.1bR$5.3b11.3x34.7x0.5x
Wed, 25 Oct 2023R$164.9bR$421.5bR$4.1b9.3x39.9x0.4x
Fri, 22 Sep 2023R$185.4bR$422.0bR$4.4b10.5x42.4x0.4x
Sun, 20 Aug 2023R$205.6bR$422.0bR$4.4b11.5x46.5x0.5x
Tue, 18 Jul 2023R$203.8bR$429.6bR$4.9b12.9x41.9x0.5x
Thu, 15 Jun 2023R$210.6bR$429.6bR$4.9b12.4x43.1x0.5x
Sat, 13 May 2023R$182.0bR$427.8bR$5.3b10.6x34.4x0.4x
Mon, 10 Apr 2023R$156.6bR$425.4bR$5.7b10.4x27.6x0.4x
Wed, 08 Mar 2023R$163.9bR$412.9bR$6.1b10.2x26.8x0.4x
Fri, 03 Feb 2023R$195.8bR$421.9bR$6.9b9.9x28.3x0.5x
Sun, 01 Jan 2023R$184.8bR$422.0bR$6.8b9.9x27.1x0.4x
Price to Earnings Ratio

27.1x


Total Market Cap: R$184.8bTotal Earnings: R$6.8bTotal Revenue: R$422.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Consumer Discretionary Sector Price to Earnings3Y Average 25.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Brazilian Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
  • Total earnings for the Consumer Discretionary industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 28% 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.

Industry Trends

Which industries have driven the changes within the Brazilian Consumer Discretionary sector?

BR Market-0.13%
Consumer Discretionary0.18%
Hospitality2.79%
Auto Components1.56%
Specialty Stores1.42%
General Merchandise and Department Stores0.067%
Online Retail and Ecommerce0%0
Consumer Durables-0.17%
Leisure-0.28%
Consumer Services-0.84%
Luxury-3.74%
Industry PE
  • Investors are most optimistic about the Hospitality industry even though it's trading below its 3-year average PE ratio of 386x.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings decline of 38.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Stores industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Luxury industry is expected to see its earnings grow by 11% 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
VBBR3 Vibra EnergiaR$25.242.5%
+R$792.1m		49.1%PE17.5x
UGPA3 Ultrapar ParticipaçõesR$20.932.9%
+R$630.4m		31.7%PE7.5x
SMFT3 Smartfit Escola de Ginástica e DançaR$23.512.8%
+R$376.3m		37.8%PE23.8x
LREN3 Lojas RennerR$13.551.3%
+R$167.8m		7.7%PE9.6x
TEND3 Construtora TendaR$24.955.3%
+R$154.4m		102.8%PE7.2x

Latest News

GUAR3
R$8.51
Guararapes Confecções
7D
-24.4%
1Y
36.2%
VBBR3
R$25.24
Vibra Energia
7D
2.5%
1Y
49.1%

VBBR3: Future Margin Expansion Will Drive Stronger Bullish Re-Rating

Analysts have raised their price target for Vibra Energia from R$30.00 to R$35.00, citing expectations for faster revenue growth, improving profit margins, a slightly lower perceived risk profile, and a more attractive future price to earnings multiple. What's in the News Vibra Energia has announced a stock split or significant stock dividend at a ratio of 1.07110235 to 1, effective November 26, 2025 (Key Developments).
COGN3
R$3.62
Cogna Educação
7D
2.3%
1Y
244.8%

COGN3: Future Earnings Multiple Will Drive Attractive Upside From Current Levels

Analysts have slightly increased their price target for Cogna Educação to reflect modestly stronger expectations for revenue growth and stable profitability, even as they apply a marginally higher discount rate and future price-to-earnings multiple in their valuation models. Valuation Changes Fair Value Estimate remained unchanged at R$4.10 per share, indicating no revision to the intrinsic value assessment.
LREN3
R$13.55
Lojas Renner
7D
1.3%
1Y
7.7%

LREN3: Stronger Top Line And Buyback Activity Will Support Future Upside

Analysts have trimmed their price target on Lojas Renner from approximately R$23.95 to R$22.00, reflecting expectations of stronger top line growth but lower profitability and a modestly higher risk profile, which together support a lower future earnings multiple. What's in the News Completed a major share buyback program, repurchasing a total of 64,865,400 shares (equivalent to 6.23% of its capital) for BRL 860.57 million under the program announced on February 20, 2025 (Key Developments) In the most recent tranche from July 1 to September 30, 2025, the company repurchased 12,870,000 shares (1.29% of its capital) for BRL 210.25 million (Key Developments) Held an Analyst and Investor Day event, providing updates on strategy, operations, and financial outlook to the market (Key Developments) Valuation Changes Fair Value Estimate reduced modestly from R$23.95 to R$22.00, implying a slightly lower target multiple on future earnings.
CYRE3
R$29.55
Cyrela Brazil Realty Empreendimentos e Participações
7D
-3.1%
1Y
72.9%

We Think Cyrela Brazil Realty Empreendimentos e Participações (BVMF:CYRE3) Is Taking Some Risk With Its Debt

Dec 21
We Think Cyrela Brazil Realty Empreendimentos e Participações (BVMF:CYRE3) Is Taking Some Risk With Its Debt
SBFG3
R$13.14
Grupo SBF
7D
4.5%
1Y
21.9%
UGPA3
R$20.93
Ultrapar Participações
7D
2.9%
1Y
31.7%

UGPA3: Improved Margins And Governance Will Support Future Earnings Re-Rating

Analysts have nudged their price target on Ultrapar Participações slightly higher to approximately R$25.16 from about R$25.13, citing a modestly stronger long term profit margin outlook that offsets softer revenue growth expectations and a somewhat higher discount rate, consistent with recent positive rating actions on the stock. Analyst Commentary Recent research updates reflect a more constructive stance on Ultrapar Participações, with the latest move including an upgrade to a more favorable rating and a higher fair value estimate around R$30 per share.
AZZA3
R$23.82
Azzas 2154
7D
-2.4%
1Y
-17.4%

AZZA3 Remote Meeting And Margin Strength Will Drive Future Share Upside

Analysts have modestly reduced their price target on Azzas 2154 to approximately $45.32 from about $47.07, citing slightly lower long term revenue growth expectations and a higher required return. This was partially offset by improved margin forecasts and a marginally lower projected earnings multiple.
SMFT3
R$23.51
Smartfit Escola de Ginástica e Dança
7D
2.8%
1Y
37.8%

SMFT3: Higher Long Term Multiples Will Drive Shares Higher This Year

Analysts have slightly raised their price target for Smartfit Escola de Ginástica e Dança, lifting fair value by approximately R$0.59 per share to reflect modestly higher long term valuation multiples, despite largely unchanged growth and margin assumptions. Valuation Changes Fair Value has risen slightly, increasing from R$31.92 to R$32.50 per share, reflecting the modest uplift in long term valuation multiples.
BHIA3
R$3.01
Grupo Casas Bahia
7D
-6.8%
1Y
8.7%
TEND3
R$24.95
Construtora Tenda
7D
5.3%
1Y
102.8%
FRAS3
R$22.45
Fras-le
7D
2.3%
1Y
10.5%

FRAS3: Higher Required Return Will Still Support Stronger Margins

Analysts have trimmed their price target on Fras-le from R$34.10 to R$31.00, reflecting slightly weaker expected revenue growth and a higher discount rate. These are only partly offset by improved margin and a modestly lower future P E multiple.
EZTC3
R$13.63
EZTEC Empreendimentos e Participações
7D
-2.3%
1Y
57.7%

EZTC3: Future Outlook Will Balance Fair Value With Slight Margin Pressure

Analysts have trimmed their price target on EZTEC Empreendimentos e Participações to approximately R$15.80 from about R$19.55, reflecting slightly lower profit margin expectations that more than offset modestly stronger projected revenue growth and a marginally higher future P/E multiple. What's in the News Approved a 1.2715559-for-1 stock split or significant stock dividend effective December 10, 2025, which may increase share liquidity for investors (Key Developments) Valuation Changes The fair value estimate was reduced significantly from around R$19.55 to about R$15.79 per share, implying a lower intrinsic valuation.
VULC3
R$19.78
Vulcabras
7D
-1.6%
1Y
26.4%
MRVE3
R$7.74
MRV Engenharia e Participações
7D
-2.0%
1Y
44.9%

MRV Engenharia e Participações' (BVMF:MRVE3) Returns Have Hit A Wall

Dec 06
MRV Engenharia e Participações' (BVMF:MRVE3) Returns Have Hit A Wall