Grendene's (BVMF:GRND3) Earnings Are Of Questionable Quality
May 20
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Brazilian (BOVESPA) Footwear Industry Analysis
UpdatedMay 28, 2025
DataAggregated Company Financials
Companies3
- 7D2.0%
- 3M23.1%
- 1Y5.0%
- YTDn/a
Over the last 7 days, the Footwear industry has risen 9.4%, driven by gains from Vulcabras of 19%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 9.1% annually.
Industry Valuation and Performance
Has the Brazilian Footwear Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 28 May 2025 | R$16.7b | R$10.1b | R$1.5b | 9.6x | 11.2x | 1.7x |
| Fri, 25 Apr 2025 | R$14.4b | R$9.8b | R$1.4b | 8.2x | 10.2x | 1.5x |
| Sun, 23 Mar 2025 | R$14.0b | R$9.8b | R$1.4b | 7.6x | 9.9x | 1.4x |
| Tue, 18 Feb 2025 | R$14.4b | R$9.5b | -R$306,820,000.00 | 8.2x | -47x | 1.5x |
| Thu, 16 Jan 2025 | R$13.3b | R$9.5b | -R$306,820,000.00 | 8x | -43.2x | 1.4x |
| Sat, 14 Dec 2024 | R$13.3b | R$9.5b | -R$306,820,000.00 | 7.7x | -43.5x | 1.4x |
| Mon, 11 Nov 2024 | R$13.5b | R$9.5b | -R$306,441,000.00 | 7.7x | -44.2x | 1.4x |
| Wed, 09 Oct 2024 | R$14.2b | R$9.2b | -R$506,286,000.00 | 9.1x | -28.1x | 1.5x |
| Fri, 06 Sep 2024 | R$15.7b | R$9.2b | -R$506,286,000.00 | 10x | -31.1x | 1.7x |
| Sun, 04 Aug 2024 | R$15.3b | R$9.1b | -R$567,975,000.00 | 9x | -27x | 1.7x |
| Tue, 02 Jul 2024 | R$21.1b | R$14.0b | -R$158,616,000.00 | 9x | -133.2x | 1.5x |
| Thu, 30 May 2024 | R$21.9b | R$14.0b | -R$158,616,000.00 | 9.7x | -138.2x | 1.6x |
| Sat, 27 Apr 2024 | R$22.1b | R$13.8b | -R$414,657,000.00 | 9.9x | -53.4x | 1.6x |
| Mon, 25 Mar 2024 | R$23.8b | R$13.8b | -R$414,657,000.00 | 10.3x | -57.3x | 1.7x |
| Wed, 21 Feb 2024 | R$24.1b | R$13.7b | -R$404,558,000.00 | 11.1x | -59.5x | 1.8x |
| Fri, 19 Jan 2024 | R$23.1b | R$13.8b | R$1.2b | 11.9x | 19.6x | 1.7x |
| Sun, 17 Dec 2023 | R$25.2b | R$13.8b | R$1.2b | 11.7x | 21.4x | 1.8x |
| Tue, 14 Nov 2023 | R$23.9b | R$14.0b | R$1.2b | 12x | 19.4x | 1.7x |
| Thu, 12 Oct 2023 | R$23.6b | R$13.8b | R$1.2b | 10.8x | 19.2x | 1.7x |
| Sat, 09 Sep 2023 | R$24.6b | R$13.8b | R$1.2b | 11x | 20x | 1.8x |
| Mon, 07 Aug 2023 | R$27.6b | R$13.8b | R$1.4b | 12x | 20.3x | 2x |
| Wed, 05 Jul 2023 | R$26.7b | R$13.7b | R$1.3b | 12x | 20.2x | 1.9x |
| Fri, 02 Jun 2023 | R$25.4b | R$13.7b | R$1.3b | 11.3x | 19.2x | 1.8x |
| Sun, 30 Apr 2023 | R$23.2b | R$13.5b | R$1.7b | 15.1x | 14x | 1.7x |
| Tue, 28 Mar 2023 | R$21.7b | R$13.5b | R$1.7b | 13.7x | 13.1x | 1.6x |
| Thu, 23 Feb 2023 | R$23.6b | R$13.2b | R$1.6b | 14.9x | 15.2x | 1.8x |
| Sat, 21 Jan 2023 | R$25.7b | R$13.1b | R$1.8b | 14.5x | 14.3x | 2x |
| Mon, 19 Dec 2022 | R$24.8b | R$13.1b | R$1.8b | 14.3x | 13.8x | 1.9x |
| Wed, 16 Nov 2022 | R$30.1b | R$13.0b | R$1.8b | 16.7x | 16.9x | 2.3x |
| Fri, 14 Oct 2022 | R$34.2b | R$12.5b | R$1.9b | 18.5x | 17.5x | 2.7x |
| Sun, 11 Sep 2022 | R$34.5b | R$12.5b | R$1.9b | 18.2x | 17.7x | 2.8x |
| Tue, 09 Aug 2022 | R$31.3b | R$12.1b | R$2.0b | 15.6x | 15.4x | 2.6x |
| Thu, 07 Jul 2022 | R$29.0b | R$11.7b | R$2.0b | 14.4x | 14.6x | 2.5x |
| Sat, 04 Jun 2022 | R$33.1b | R$11.7b | R$2.0b | 17.4x | 16.6x | 2.8x |
Price to Earnings Ratio
16.6x
Current Industry PE
- There are only 3 companies in the Brazilian Footwear industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Footwear industry have declined 9.9% per year over the last three years,
- Revenues have also declined 4.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Brazilian Footwear compare with similar industries?
| BR Market | 1.23% | |
| Consumer Discretionary | 4.46% | |
| Luxury | 2.97% | |
| Footwear | 2.01% | |
| Apparel, Accessories and Luxury Goods | 3.99% | |
| Textiles | -1.51% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GRND3 Grendene | R$5.42 | 2.3% +R$108.3m | -12.0% | PE6.9x | |
| VULC3 Vulcabras | R$20.68 | 0.4% +R$21.7m | 39.1% | PE9.6x |