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Brazilian (BOVESPA) Food Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies12
  • 7D-1.4%
  • 3M0.9%
  • 1Y6.7%
  • YTD-0.9%

Over the last 7 days, the Food industry has dropped 1.4%, driven by Três Tentos Agroindustrial S/A declining 6.4%. In the past year, the industry has gained 6.9%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Brazilian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026R$63.0bR$223.6bR$4.8b12.7x13.1x0.3x
Tue, 06 Jan 2026R$62.7bR$223.8bR$4.8b12.2x13x0.3x
Thu, 04 Dec 2025R$62.3bR$223.8bR$4.8b12.4x12.9x0.3x
Sat, 01 Nov 2025R$51.2bR$219.1bR$5.0b11.7x10.3x0.2x
Mon, 29 Sep 2025R$52.0bR$216.9bR$5.2b11.9x10x0.2x
Wed, 27 Aug 2025R$87.4bR$280.2bR$8.7b10.7x10x0.3x
Fri, 25 Jul 2025R$88.9bR$275.8bR$8.8b10.5x10.1x0.3x
Sun, 22 Jun 2025R$89.9bR$276.7bR$9.4b10x9.6x0.3x
Tue, 20 May 2025R$179.5bR$718.5bR$20.3b9.2x8.8x0.2x
Thu, 17 Apr 2025R$185.5bR$688.1bR$15.7b10.4x11.8x0.3x
Sat, 15 Mar 2025R$153.6bR$663.5bR$16.0b8.5x9.6x0.2x
Mon, 10 Feb 2025R$161.2bR$652.9bR$15.1b9.9x10.7x0.2x
Wed, 08 Jan 2025R$170.7bR$660.0bR$21.1b8.3x8.1x0.3x
Fri, 06 Dec 2024R$189.2bR$657.8bR$21.1b9.1x9x0.3x
Sun, 03 Nov 2024R$174.3bR$631.5bR$9.8b10.3x17.7x0.3x
Tue, 01 Oct 2024R$161.8bR$631.1bR$9.7b11.1x16.6x0.3x
Thu, 29 Aug 2024R$177.0bR$631.3bR$9.8b11x18.1x0.3x
Sat, 27 Jul 2024R$163.9bR$614.6bR$4.7b11.2x34.7x0.3x
Mon, 24 Jun 2024R$157.1bR$614.3bR$4.7b10.7x33.3x0.3x
Wed, 22 May 2024R$154.7bR$613.5bR$4.2b11.7x37x0.3x
Fri, 19 Apr 2024R$131.7bR$610.8b-R$561,519,000.009.9x-234.6x0.2x
Sun, 17 Mar 2024R$136.1bR$614.1b-R$2,884,476,000.0010.3x-47.2x0.2x
Tue, 13 Feb 2024R$128.0bR$601.0b-R$4,079,340,000.009.2x-31.4x0.2x
Thu, 11 Jan 2024R$128.8bR$602.7b-R$3,848,941,000.009.8x-33.5x0.2x
Sat, 09 Dec 2023R$130.5bR$602.7b-R$3,848,941,000.009.8x-33.9x0.2x
Mon, 06 Nov 2023R$119.2bR$610.0bR$4.0b9.6x30x0.2x
Wed, 04 Oct 2023R$113.6bR$609.8bR$4.0b9.9x28.2x0.2x
Fri, 01 Sep 2023R$114.7bR$609.6bR$3.8b10.7x30.1x0.2x
Sun, 30 Jul 2023R$112.1bR$615.1bR$14.2b9.3x7.9x0.2x
Tue, 27 Jun 2023R$102.0bR$614.9bR$14.4b8.2x7.1x0.2x
Thu, 25 May 2023R$99.3bR$614.6bR$14.4b7.6x6.9x0.2x
Sat, 22 Apr 2023R$90.5bR$607.0bR$21.6b7.7x4.2x0.1x
Mon, 20 Mar 2023R$101.8bR$610.9bR$25.7b9.4x4x0.2x
Wed, 15 Feb 2023R$100.7bR$595.4bR$29.0b9.6x3.5x0.2x
Price to Earnings Ratio

3.5x


Total Market Cap: R$100.7bTotal Earnings: R$29.0bTotal Revenue: R$595.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Food Industry Price to Earnings3Y Average 0.6x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.1x which is higher than its 3-year average PE of 0.63x.
  • The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 45% per year over the last three years,
  • Revenues have also declined 28% 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 industry?

BR Market0.53%
Consumer Staples3.36%
Food-1.41%
Packaged Foods and Meats0.26%
Agricultural Products-5.15%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings decline of 16.4% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 18% 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
MBRF3 Marfrig Global FoodsR$18.820.8%
+R$214.4m		26.8%PE18.1x
CAML3 Camil AlimentosR$6.731.1%
+R$23.9m		53.3%PE14x
JALL3 Jalles Machado S/AR$2.991.7%
+R$15.1m		-32.4%PS0.4x
AGXY3 AgroGalaxy ParticipaçõesR$2.760.7%
+R$334.9k		-72.1%PE0.04x
JOPA3 JOSAPAR Joaquim Oliveira ParticipaçõesR$20.120.05%
+R$107.1k		n/aPE25.4x

Latest News

AGRO3
R$20.18
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
7D
-5.4%
1Y
-8.3%
SLCE3
R$15.47
SLC Agrícola
7D
-3.6%
1Y
-4.2%

Returns On Capital Are Showing Encouraging Signs At SLC Agrícola (BVMF:SLCE3)

Feb 07
Returns On Capital Are Showing Encouraging Signs At SLC Agrícola (BVMF:SLCE3)
JALL3
R$2.99
Jalles Machado S/A
7D
1.7%
1Y
-32.4%

JALL3: Forward P/E Reset Will Support Upside Despite Index Removal

Analysts have made a slight revision to their price target on Jalles Machado S/A, citing minor adjustments to assumptions around revenue contraction, profit margins and forward P/E, while maintaining their fair value estimate at approximately €3.50 per share. What's in the News Jalles Machado S/A has been removed from the Brazil Small Cap Index.
SMTO3
R$15.10
São Martinho
7D
-1.1%
1Y
-32.6%

SMTO3: Future Upside Will Be Supported By Slightly Softer Assumptions

Analysts have reduced their price target for São Martinho from R$22.29 to R$21.41, citing slightly lower assumptions for revenue growth, profit margins and future P/E multiples in their updated models. 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).
CAML3
R$6.73
Camil Alimentos
7D
1.1%
1Y
53.3%

Earnings Tell The Story For Camil Alimentos S.A. (BVMF:CAML3) As Its Stock Soars 25%

Feb 04
Earnings Tell The Story For Camil Alimentos S.A. (BVMF:CAML3) As Its Stock Soars 25%
BEEF3
R$6.14
Minerva
7D
-0.8%
1Y
38.3%

BEEF3: Lower Discount Rate Should Support Future Upside In Shares

Analysts have nudged their price target on Minerva slightly higher, now reflecting a modestly lower discount rate and future P/E assumptions that point to a more supportive risk profile and valuation framework for the shares. Valuation Changes Fair Value: Model fair value remains unchanged at 8.1375, indicating no revision to the core valuation output.
JOPA3
R$20.12
JOSAPAR Joaquim Oliveira Participações
7D
0.05%
1Y
n/a
SOJA3
R$8.19
Boa Safra Sementes
7D
-6.1%
1Y
-14.6%

SOJA3: Stock Dividend Will Support Bullish Long Term Equity Returns

Analysts have reduced their price target for Boa Safra Sementes to reflect a fair value adjustment from about R$15.27 to roughly R$12.09, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News Boa Safra Sementes has scheduled a stock dividend of 1.04862872% for Dec-19-2025, offering existing shareholders additional shares in the company (Key Developments).
AGXY3
R$2.76
AgroGalaxy Participações
7D
0.7%
1Y
-72.1%
MBRF3
R$18.82
Marfrig Global Foods
7D
0.8%
1Y
26.8%
TTEN3
R$15.57
Três Tentos Agroindustrial S/A
7D
-6.4%
1Y
-1.9%

TTEN3: Future Capital Increase Will Support Higher Fair Value Estimate

Analysts have lifted their fair value estimate for Três Tentos Agroindustrial S/A from R$18.00 to R$20.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Board meeting scheduled for Dec 30, 2025 to consider an increase in the company’s share capital, which could affect the total number of shares and how ownership is distributed among investors (Key Developments).
MDIA3
R$24.60
M. Dias Branco Indústria e Comércio de Alimentos
7D
-0.9%
1Y
13.8%
MNPR3
R$4.30
Minupar Participações
7D
-1.6%
1Y
49.9%