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Brazilian (BOVESPA) Consumer Staples Sector Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies21
  • 7D-6.6%
  • 3M8.2%
  • 1Y13.2%
  • YTD8.2%

Over the last 7 days, the Consumer Staples industry has dropped 6.6%, driven by Ambev declining 6.4%. On the other hand São Martinho is actually up 5.1%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026R$385.5bR$536.0bR$22.6b16.4x17x0.7x
Tue, 03 Feb 2026R$381.4bR$536.1bR$23.0b14.1x16.6x0.7x
Thu, 01 Jan 2026R$359.2bR$536.3bR$23.0b12.6x15.6x0.7x
Sat, 29 Nov 2025R$360.7bR$534.3bR$23.0b13.1x15.7x0.7x
Mon, 27 Oct 2025R$313.7bR$527.2bR$22.6b12.2x13.9x0.6x
Wed, 24 Sep 2025R$354.6bR$588.9bR$26.4b12.9x13.4x0.6x
Fri, 22 Aug 2025R$351.2bR$588.3bR$26.4b12.4x13.3x0.6x
Sun, 20 Jul 2025R$367.3bR$581.0bR$24.5b12.4x15x0.6x
Tue, 17 Jun 2025R$381.9bR$581.7bR$25.0b12.7x15.3x0.7x
Thu, 15 May 2025R$489.0bR$1.1tR$37.2b11x13.2x0.4x
Sat, 12 Apr 2025R$491.1bR$1.1tR$32.9b12.3x14.9x0.4x
Mon, 10 Mar 2025R$449.9bR$1.1tR$30.9b9.6x14.6x0.4x
Wed, 05 Feb 2025R$434.2bR$1.1tR$28.3b11.2x15.4x0.4x
Fri, 03 Jan 2025R$451.3bR$1.1tR$34.1b11.3x13.2x0.4x
Sun, 01 Dec 2024R$482.4bR$1.1tR$34.1b11.9x14.2x0.5x
Tue, 29 Oct 2024R$481.2bR$1.0tR$24.4b14.1x19.7x0.5x
Thu, 26 Sep 2024R$476.2bR$1.0tR$24.3b13.9x19.6x0.5x
Sat, 24 Aug 2024R$503.8bR$1.0tR$24.3b14.3x20.7x0.5x
Mon, 22 Jul 2024R$466.2bR$1.0tR$19.0b14.1x24.6x0.5x
Wed, 19 Jun 2024R$443.8bR$999.4bR$18.4b13.2x24.1x0.4x
Fri, 17 May 2024R$480.2bR$1.0tR$18.7b16.1x25.7x0.5x
Sun, 14 Apr 2024R$457.3bR$991.0bR$13.6b14.4x33.6x0.5x
Tue, 12 Mar 2024R$468.9bR$1.0tR$11.8b14.4x39.9x0.5x
Thu, 08 Feb 2024R$471.6bR$986.4bR$12.2b14x38.7x0.5x
Sat, 06 Jan 2024R$479.3bR$988.2bR$12.2b14.2x39.3x0.5x
Mon, 04 Dec 2023R$489.4bR$988.2bR$12.2b14.7x40.1x0.5x
Wed, 01 Nov 2023R$429.6bR$988.5bR$18.9b12.1x22.7x0.4x
Fri, 29 Sep 2023R$437.9bR$990.8bR$18.0b13.4x24.3x0.4x
Sun, 27 Aug 2023R$465.7bR$990.6bR$17.8b15.4x26.1x0.5x
Tue, 25 Jul 2023R$489.5bR$986.7bR$29.8b13.7x16.4x0.5x
Thu, 22 Jun 2023R$490.1bR$986.5bR$30.0b13.6x16.3x0.5x
Sat, 20 May 2023R$451.9bR$986.1bR$30.1b11.8x15x0.5x
Mon, 17 Apr 2023R$440.4bR$963.3bR$37.7b11.9x11.7x0.5x
Wed, 15 Mar 2023R$444.9bR$966.0bR$43.5b12.4x10.2x0.5x
Price to Earnings Ratio

10.2x


Total Market Cap: R$444.9bTotal Earnings: R$43.5bTotal Revenue: R$966.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Consumer Staples Sector Price to Earnings3Y Average 20.6x202420252026
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 17.1x which is lower than its 3-year average PE of 20.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 20% 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 Market-4.86%
Consumer Staples-6.57%
Personal Products0%0
Beverage-6.39%
Food-6.69%
Food and Staples Retail-7.42%
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 22.4%, which is higher than its past year's earnings decline of 13.6% 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 0.86x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Beverage industry is expected to see its earnings grow by 6.5% 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
SMTO3 São MartinhoR$18.885.1%
+R$302.3m		-11.8%PE8.1x
JALL3 Jalles Machado S/AR$3.267.2%
+R$66.3m		-21.3%PE21.1x
SOJA3 Boa Safra SementesR$8.070.5%
+R$5.6m		-19.4%PE11.2x
MNPR3 Minupar ParticipaçõesR$4.391.2%
+R$3.6m		59.4%PE0.6x

Latest News

RADL3
R$23.73
Raia Drogasil
7D
-5.4%
1Y
35.9%
SMTO3
R$18.88
São Martinho
7D
5.1%
1Y
-11.8%

SMTO3: Special Meeting And Lower Discount Rate Will Support Rerating

Analysts have kept their R$37.14 price target for São Martinho unchanged, citing updated assumptions that now reflect a slightly lower discount rate, a neutral view on long term revenue growth and profit margins, and a modestly lower future P/E multiple. What's in the News São Martinho has scheduled a Special and Extraordinary Shareholders Meeting for February 6, 2026, at Fazenda São Martinho in the city of Pradópolis, state of São Paulo, Brazil (Key Developments).
JALL3
R$3.26
Jalles Machado S/A
7D
7.2%
1Y
-21.3%

JALL3: Higher Discount Rate Will Reveal Upside After Index Removal

Analysts have cut their price target on Jalles Machado S/A from R$11.50 to R$6.00, citing updated assumptions that include a higher discount rate, a lower revenue growth outlook, a higher profit margin, and a lower projected future P/E multiple. What's in the News Jalles Machado S/A has been removed from the Brazil Small Cap Index.
BEEF3
R$4.50
Minerva
7D
-13.8%
1Y
-6.1%

BEEF3: Higher Margin Outlook Will Support Stronger Future Fair Value Estimate

Analysts have adjusted their price target for Minerva to reflect an updated fair value estimate of R$9.91. This revision is supported by updated assumptions for the discount rate, revenue growth, profit margin and future P/E.
ABEV3
R$15.23
Ambev
7D
-6.4%
1Y
16.3%

ABEV3: Profitability Expectations Will Heighten Execution Risks And Limit Share Rerating

Analysts have raised their fair value estimate for Ambev to R$11.0 from R$10.6, highlighting expectations that profitability-led earnings and cash flow growth are in line with the recent uptick in Street price targets. Analyst Commentary The latest research points to a more constructive view on Ambev’s ability to generate earnings and cash flow, with a higher fair value estimate and a higher external price target helping frame the current debate on the shares.
MBRF3
R$18.07
MBRF Global Foods
7D
-12.6%
1Y
21.7%
SOJA3
R$8.07
Boa Safra Sementes
7D
0.5%
1Y
-19.4%

SOJA3: Future Returns Will Benefit From Stock Dividend And Profitability Assumptions

Analysts have trimmed their R$ price target for Boa Safra Sementes, reflecting updated assumptions that combine a slightly lower discount rate with more moderate revenue growth expectations, a modestly higher profit margin and a marginally lower future P/E. What's in the News Boa Safra Sementes has a stock dividend of 1.04862872% scheduled for Dec-19-2025, classified as a Stock Dividends <5% event (Key Developments).
ASAI3
R$8.19
Sendas Distribuidora
7D
-12.3%
1Y
20.4%

ASAI3: Updated Fair Value Assumptions Will Support Future Upside Potential

Analysts have raised their price target on Sendas Distribuidora by R$1.00 to R$8.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the move to an R$8.50 price target as better aligning Sendas Distribuidora's share price with their updated fair value models, which now factor in revised assumptions around revenue and profitability.
TTEN3
R$15.64
Três Tentos Agroindustrial S/A
7D
-8.6%
1Y
8.2%

TTEN3: Capital Increase Plans Will Support A More Bullish Outlook

Analysts have slightly trimmed their price target for Três Tentos Agroindustrial S/A from R$21.09 to R$21.03, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News Board meeting scheduled for Dec 30, 2025, with an agenda to discuss an increase in the company’s share capital (Key Developments).
GMAT3
R$5.25
Grupo Mateus
7D
-8.2%
1Y
-16.8%

GMAT3: Index Reclassification And Refined Assumptions Will Support Bullish Case

Analysts slightly trimmed their fair value estimate for Grupo Mateus to R$7.68 from about R$7.77, reflecting small updates to revenue growth, profit margin and future P/E assumptions, while keeping the overall thesis intact. What's in the News Grupo Mateus S.A. has been added to the Brazil Small Cap Index, putting the shares in front of investors who track or benchmark against that index (Key Developments).
NATU3
R$8.73
Natura Cosméticos
7D
-4.2%
1Y
-34.7%

Natura Cosméticos S.A. (BVMF:NATU3) Held Back By Insufficient Growth Even After Shares Climb 25%

Feb 07
Natura Cosméticos S.A. (BVMF:NATU3) Held Back By Insufficient Growth Even After Shares Climb 25%
MNPR3
R$4.39
Minupar Participações
7D
1.2%
1Y
59.4%