EZTEC Empreendimentos e Participações S.A.'s (BVMF:EZTC3) 26% Share Price Surge Not Quite Adding Up
Mar 30
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Brazilian (BOVESPA) Consumer Durables Industry Analysis
UpdatedApr 22, 2025
DataAggregated Company Financials
Companies16
- 7D3.0%
- 3M26.0%
- 1Y14.4%
- YTD31.8%
Over the last 7 days, the Consumer Durables industry has risen 4.2%, driven by gains from MRV Engenharia e Participações of 11%. Meanwhile, Gafisa actually underperformed within the industry, shrinking 8.7% in the last week. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Brazilian Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 22 Apr 2025 | R$43.1b | R$51.5b | R$3.9b | 8.6x | 11x | 0.8x |
| Thu, 20 Mar 2025 | R$40.9b | R$51.2b | R$3.4b | 8.4x | 12x | 0.8x |
| Sat, 15 Feb 2025 | R$38.1b | R$50.0b | R$3.3b | 8.1x | 11.5x | 0.8x |
| Mon, 13 Jan 2025 | R$32.3b | R$50.0b | R$3.3b | 7.5x | 9.8x | 0.6x |
| Wed, 11 Dec 2024 | R$36.2b | R$50.0b | R$3.3b | 9.3x | 10.9x | 0.7x |
| Fri, 08 Nov 2024 | R$41.4b | R$47.6b | R$2.7b | 8.7x | 15.6x | 0.9x |
| Sun, 06 Oct 2024 | R$41.1b | R$47.4b | R$2.6b | 8.7x | 16.1x | 0.9x |
| Tue, 03 Sep 2024 | R$40.9b | R$48.4b | R$1.8b | 9.2x | 23x | 0.8x |
| Thu, 01 Aug 2024 | R$39.0b | R$45.7b | R$1.7b | 10.4x | 23.5x | 0.9x |
| Sat, 29 Jun 2024 | R$37.4b | R$45.5b | R$1.9b | 9.8x | 20.1x | 0.8x |
| Mon, 27 May 2024 | R$37.4b | R$45.6b | R$1.9b | 10.2x | 20.1x | 0.8x |
| Wed, 24 Apr 2024 | R$37.9b | R$44.6b | R$1.4b | 10.5x | 26.5x | 0.9x |
| Fri, 22 Mar 2024 | R$42.7b | R$43.9b | R$2.6b | 12.1x | 16.6x | 1x |
| Sun, 18 Feb 2024 | R$38.6b | R$42.5b | R$2.0b | 12.3x | 19.5x | 0.9x |
| Tue, 16 Jan 2024 | R$39.9b | R$42.5b | R$2.0b | 12.1x | 20.2x | 0.9x |
| Thu, 14 Dec 2023 | R$40.3b | R$42.5b | R$2.0b | 11.1x | 20.2x | 0.9x |
| Sat, 11 Nov 2023 | R$37.5b | R$41.9b | R$2.3b | 10.5x | 16.6x | 0.9x |
| Mon, 09 Oct 2023 | R$35.9b | R$42.0b | R$2.5b | 9.4x | 14.5x | 0.9x |
| Wed, 06 Sep 2023 | R$41.4b | R$42.0b | R$2.5b | 10.5x | 16.7x | 1x |
| Fri, 04 Aug 2023 | R$44.1b | R$40.9b | R$2.1b | 13.6x | 21.4x | 1.1x |
| Sun, 02 Jul 2023 | R$38.6b | R$40.9b | R$2.1b | 12.3x | 18.8x | 0.9x |
| Tue, 30 May 2023 | R$34.5b | R$40.6b | R$2.0b | 10.8x | 17.2x | 0.9x |
| Thu, 27 Apr 2023 | R$28.1b | R$39.9b | R$2.0b | 9.2x | 13.7x | 0.7x |
| Sat, 25 Mar 2023 | R$27.4b | R$39.2b | R$1.4b | 8.4x | 19.8x | 0.7x |
| Mon, 20 Feb 2023 | R$28.5b | R$38.9b | R$1.8b | 8.4x | 15.7x | 0.7x |
| Wed, 18 Jan 2023 | R$28.6b | R$38.9b | R$1.8b | 8.6x | 15.7x | 0.7x |
| Fri, 16 Dec 2022 | R$27.6b | R$39.0b | R$2.0b | 8.8x | 14.1x | 0.7x |
| Sun, 13 Nov 2022 | R$31.2b | R$38.5b | R$2.2b | 9.7x | 13.9x | 0.8x |
| Tue, 11 Oct 2022 | R$36.9b | R$38.6b | R$2.6b | 10.7x | 14.1x | 1x |
| Thu, 08 Sep 2022 | R$33.2b | R$38.4b | R$2.6b | 9.6x | 12.7x | 0.9x |
| Sat, 06 Aug 2022 | R$31.4b | R$38.5b | R$3.3b | 7.8x | 9.6x | 0.8x |
| Mon, 04 Jul 2022 | R$25.7b | R$38.5b | R$3.3b | 5.7x | 7.8x | 0.7x |
| Wed, 01 Jun 2022 | R$28.8b | R$38.7b | R$3.5b | 6.7x | 8.3x | 0.7x |
| Fri, 29 Apr 2022 | R$31.5b | R$38.1b | R$3.7b | 7x | 8.6x | 0.8x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are pessimistic on the Brazilian Consumer Durables industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.0x which is lower than its 3-year average PE of 16.2x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have grown 2.2% per year over the last three years.
- Revenues for these companies have grown 11% 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 industry?
| BR Market | 0.30% | |
| Consumer Discretionary | 1.27% | |
| Consumer Durables | 3.03% | |
| Home Furnishings | 6.58% | |
| Homebuilding | 3.02% | |
| Household Appliances | 3.02% | |
| Housewares and Specialties | 2.70% | |
Industry PE
- Investors are most optimistic about the Housewares and Specialties industry which is trading above its 3-year average PE ratio of 14.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Household Appliances industry, which is trading below its 3-year average of 15.4x.
Forecasted Growth
- Analysts are most optimistic on the Homebuilding industry, expecting annual earnings growth of 23% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Homebuilding industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| MRVE3 MRV Engenharia e Participações | R$5.57 | 11.2% +R$315.2m | -15.0% | PS0.3x | |
| CURY3 Cury Construtora e Incorporadora | R$27.34 | 3.0% +R$229.0m | 44.8% | PE12.2x | |
| DIRR3 Direcional Engenharia | R$34.32 | 3.3% +R$190.3m | 52.8% | PE9.3x | |
| CYRE3 Cyrela Brazil Realty Empreendimentos e Participações | R$25.64 | 1.7% +R$161.2m | 21.0% | PE5.7x | |
| TEND3 Construtora Tenda | R$15.95 | 5.4% +R$99.3m | 34.3% | PE18.4x |