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Brazilian (BOVESPA) Consumer Staples Sector Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies21
  • 7D-1.1%
  • 3M12.1%
  • 1Y11.3%
  • YTD-0.1%

Over the last 7 days, the Consumer Staples industry has dropped 1.1%, driven by Ambev declining 1.6%. In the past year, the industry has gained 11%. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026R$355.6bR$536.3bR$23.0b12.4x15.5x0.7x
Mon, 08 Dec 2025R$355.3bR$536.3bR$23.0b12.5x15.5x0.7x
Wed, 05 Nov 2025R$340.9bR$526.7bR$23.9b13.3x14.2x0.6x
Fri, 03 Oct 2025R$314.1bR$525.0bR$22.8b12.4x13.8x0.6x
Sun, 31 Aug 2025R$362.9bR$589.1bR$26.6b13.1x13.7x0.6x
Tue, 29 Jul 2025R$362.8bR$581.0bR$24.5b11.8x14.8x0.6x
Thu, 26 Jun 2025R$371.4bR$581.2bR$24.5b12.7x15.2x0.6x
Sat, 24 May 2025R$501.6bR$1.1tR$37.8b12x13.3x0.4x
Mon, 21 Apr 2025R$505.6bR$1.1tR$32.9b12.7x15.4x0.5x
Wed, 19 Mar 2025R$474.3bR$1.1tR$33.3b11.3x14.2x0.4x
Fri, 14 Feb 2025R$424.2bR$1.1tR$28.1b11.3x15.1x0.4x
Sun, 12 Jan 2025R$434.3bR$667.3bR$26.8b10.8x16.2x0.7x
Tue, 10 Dec 2024R$515.3bR$1.1tR$34.1b12x15.1x0.5x
Thu, 07 Nov 2024R$489.4bR$1.0tR$23.1b13.9x21.2x0.5x
Sat, 05 Oct 2024R$484.6bR$1.0tR$24.3b14.2x19.9x0.5x
Mon, 02 Sep 2024R$499.0bR$1.0tR$24.3b14x20.5x0.5x
Wed, 31 Jul 2024R$467.7bR$1.0tR$19.5b13.7x23.9x0.5x
Fri, 28 Jun 2024R$460.1bR$1.0tR$18.9b13.5x24.3x0.5x
Sun, 26 May 2024R$466.1bR$999.4bR$18.5b14x25.2x0.5x
Tue, 23 Apr 2024R$449.0bR$991.0bR$13.6b13.6x33x0.5x
Thu, 21 Mar 2024R$477.6bR$994.4bR$11.3b15.2x42.3x0.5x
Sat, 17 Feb 2024R$458.7bR$986.4bR$11.6b16.6x39.6x0.5x
Mon, 15 Jan 2024R$482.4bR$988.6bR$12.2b14.2x39.6x0.5x
Wed, 13 Dec 2023R$486.6bR$988.2bR$12.2b14.9x39.9x0.5x
Fri, 10 Nov 2023R$455.6bR$996.4bR$19.9b11.9x22.9x0.5x
Sun, 08 Oct 2023R$441.0bR$990.8bR$18.0b12.7x24.5x0.4x
Tue, 05 Sep 2023R$459.5bR$990.6bR$17.8b15.3x25.8x0.5x
Thu, 03 Aug 2023R$499.2bR$992.1bR$28.6b13.5x17.4x0.5x
Sat, 01 Jul 2023R$488.2bR$986.5bR$30.0b13.4x16.3x0.5x
Mon, 29 May 2023R$458.0bR$986.2bR$30.1b12.7x15.2x0.5x
Wed, 26 Apr 2023R$430.4bR$963.3bR$37.7b11.6x11.4x0.4x
Fri, 24 Mar 2023R$427.5bR$962.7bR$37.6b12.3x11.4x0.4x
Sun, 19 Feb 2023R$448.0bR$984.2bR$46.3b14.8x9.7x0.5x
Tue, 17 Jan 2023R$450.9bR$971.5bR$47.2b12.3x9.5x0.5x
Price to Earnings Ratio

9.5x


Total Market Cap: R$450.9bTotal Earnings: R$47.2bTotal Revenue: R$971.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Consumer Staples Sector Price to Earnings3Y Average 20.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Consumer Staples 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 15.5x which is lower than its 3-year average PE of 20.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 21% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

BR Market0.18%
Consumer Staples-1.08%
Food and Staples Retail2.72%
Personal Products0%0
Beverage-1.59%
Food-3.37%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 33.7x.
    • Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings growth of 14.8% per year.
  • Investors are most pessimistic about the Food industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.37x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Beverage industry is expected to see its earnings grow by 5.2% 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
ABEV3 AmbevR$13.901.8%
+R$3.9b		24.6%PE13.5x
RADL3 Raia DrogasilR$23.961.1%
+R$471.8m		16.5%PE31.2x
NATU3 Natura CosméticosR$7.352.1%
+R$206.1m		-41.7%PS0.4x
MDIA3 M. Dias Branco Indústria e Comércio de AlimentosR$24.432.4%
+R$191.2m		26.7%PE12.1x
CAML3 Camil AlimentosR$5.754.0%
+R$75.0m		17.1%PE11.9x

Latest News

MBRF3
R$18.80
Marfrig Global Foods
7D
-4.3%
1Y
11.5%

MBRF3: Merger Integration And 2026 Chicken Supply Outlook Will Shape Returns

Analysts have raised their price target for Marfrig Global Foods from R$17.40 to R$19.00, citing updated assumptions following the Marfrig and BRF merger and expectations for tighter Brazil chicken supply and demand in 2026. Analyst Commentary JPMorgan’s upgrade of MBRF Global to Overweight with a R$29 price target highlights a more constructive stance on the merged Marfrig and BRF platform, with particular attention on how Brazil chicken supply and demand could evolve in 2026.
SMTO3
R$14.91
São Martinho
7D
0.7%
1Y
-38.6%

SMTO3: FTSE Exit And Stable Fair Value Will Shape Liquidity Outlook

Analysts have adjusted their price target for São Martinho to R$13.90 from R$13.90 equivalent, reflecting slightly updated assumptions around the discount rate, revenue growth, profit margin and future P/E, rather than a major shift in the core outlook. Valuation Changes Fair Value: Remains unchanged at R$13.90, indicating no shift in the central valuation output.
PGMN3
R$6.35
Empreendimentos Pague Menos
7D
1.6%
1Y
94.8%

PGMN3: Higher Margin Assumptions Will Likely Leave Shares Overexposed

Analysts now see Empreendimentos Pague Menos as fairly valued at R$5.00 per share, up from R$3.40, citing updated assumptions around the discount rate, modestly adjusted revenue growth, higher projected profit margins, and a slightly lower future P/E multiple. What's in the News A special and extraordinary shareholders meeting is scheduled for December 12, 2025, to be held exclusively remotely via Microsoft Teams in Brazil (Key Developments).
ABEV3
R$13.90
Ambev
7D
1.8%
1Y
24.6%

ABEV3: Dividend Plans And Share Buybacks Will Define A Balanced Risk Outlook

Analysts have nudged their price target on Ambev to US$14.00. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
BEEF3
R$5.30
Minerva
7D
-1.3%
1Y
4.3%

BEEF3: Higher Projected P/E Will Support Stronger Future Share Repricing

Analysts have lifted their price target on Minerva from $5.60 to $6.75. They point to updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of the change.
GMAT3
R$4.45
Grupo Mateus
7D
-0.9%
1Y
-25.5%
RADL3
R$23.96
Raia Drogasil
7D
1.1%
1Y
16.5%

RADL3: Profit Margins And Shareholder Actions Will Shape Future Performance

Analysts have lifted their fair value estimate for Raia Drogasil from R$24.65 to R$26.11, citing updated assumptions for revenue growth, profit margins and future P/E multiples as key drivers of the new price target. What's in the News Raia Drogasil plans a stock dividend of 1.020002244% scheduled for December 23, 2025, which will slightly increase the number of shares held by existing shareholders (Key Developments).
PCAR3
R$3.84
Companhia Brasileira De Distribuicao
7D
-3.0%
1Y
39.1%

PCAR3: Higher Future P/E Will Support Fair Value Repricing

Analysts have raised their fair value estimate for Companhia Brasileira De Distribuicao from US$4.00 to US$4.60, reflecting updated assumptions around discount rates, revenue growth, margins and future P/E expectations. What's in the News Board meeting scheduled for Oct 10, 2025, at 11:00 Coordinated Universal Time to consider the election of the Chairman and Vice-Chairman of the Board of Directors, and to review the formation of Advisory Committees to the Board of Directors (Key Developments).
SOJA3
R$8.61
Boa Safra Sementes
7D
-3.7%
1Y
-12.8%

SOJA3: Future Returns Will Reflect Modest Payouts And Stable Expectations

Analysts have modestly trimmed their price target on Boa Safra Sementes to R$9.54 from R$10.00, citing slightly lower fair value assumptions, even though revenue growth and profit margin forecasts have improved marginally and there has been a small reduction in the discount rate and future P/E multiple. What's in the News Boa Safra Sementes S.A. announced a stock dividend of 1.04862872 percent, scheduled for December 19, 2025 (Key Developments).
ASAI3
R$7.04
Sendas Distribuidora
7D
-3.3%
1Y
25.3%

ASAI3: New Store Openings And Lower Leverage Will Drive Upside

Analysts have slightly trimmed their price target for Sendas Distribuidora to about $12.20 from roughly $12.35. This reflects a modestly higher perceived risk and slightly softer long term growth and margin expectations, even as future valuation multiples edge up.
CAML3
R$5.75
Camil Alimentos
7D
4.0%
1Y
17.1%

CAML3: Weaker Revenue Outlook Will Likely Limit Future Share Price Upside

Analysts have slightly trimmed their price target on Camil Alimentos, citing a weaker revenue growth outlook despite modest improvements in profit margin and valuation metrics. These factors keep the stock near its previously estimated fair value.
NATU3
R$7.35
Natura Cosméticos
7D
2.1%
1Y
-41.7%

Natura Cosméticos (BVMF:NATU3) Is Experiencing Growth In Returns On Capital

Dec 22
Natura Cosméticos (BVMF:NATU3) Is Experiencing Growth In Returns On Capital
SLCE3
R$14.58
SLC Agrícola
7D
-1.4%
1Y
-4.6%

SLCE3: Future Earnings Multiple Is Expected To Support Upward Share Repricing

Analysts have slightly raised their price target on SLC Agrícola to R$19.95 per share, reflecting a marginally higher assumed future valuation multiple despite modest trims to forecasts for revenue growth and profit margins. What's in the News The company has scheduled a special and extraordinary shareholders meeting for December 30, 2025, to be held exclusively remotely in Brazil (company filing).
AGRO3
R$20.15
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
7D
1.8%
1Y
-9.2%

AGRO3: Future Returns Will Benefit From Stronger Revenue Despite Higher Risk

Analysts have trimmed their price target on BrasilAgro, Companhia Brasileira de Propriedades Agrícolas, to R$31.00 from R$34.00, citing a higher required discount rate and a softer margin outlook that more than offset stronger projected revenue growth and a richer future valuation multiple. What's in the News Shareholders at the October 22, 2025 Extraordinary General Shareholders’ Meeting approved amendments to Articles 6 and 44, paragraph 7, of BrasilAgro’s bylaws, with 50,434,807 votes in favor and 8,288,534 against, alongside 13,917,979 abstentions (Key Developments).
MDIA3
R$24.43
M. Dias Branco Indústria e Comércio de Alimentos
7D
2.4%
1Y
26.7%
MNPR3
R$4.50
Minupar Participações
7D
-3.8%
1Y
76.6%