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Brazilian (BOVESPA) Food Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies13
  • 7D-4.1%
  • 3M-21.7%
  • 1Y-26.0%
  • YTD-17.1%

Over the last 7 days, the Food industry has dropped 4.1%, driven by a pullback from MBRF Global Foods of 4.2%. However, the industry is down 26% over the past year. As for the next few years, earnings are expected to grow by 45% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026R$54.2bR$229.3bR$3.9b12.5x13.9x0.2x
Fri, 22 May 2026R$59.5bR$226.4bR$3.6b13.7x16.4x0.3x
Sun, 19 Apr 2026R$64.9bR$226.3bR$3.9b15.1x16.5x0.3x
Tue, 17 Mar 2026R$60.8bR$224.2bR$5.2b12.3x11.8x0.3x
Thu, 12 Feb 2026R$63.4bR$223.4bR$5.1b13.2x12.4x0.3x
Sat, 10 Jan 2026R$61.8bR$223.8bR$4.8b12x12.8x0.3x
Mon, 08 Dec 2025R$63.0bR$223.8bR$4.8b11.9x13.1x0.3x
Wed, 05 Nov 2025R$61.5bR$219.1bR$5.0b13x12.4x0.3x
Fri, 03 Oct 2025R$51.2bR$216.9bR$5.2b11.6x9.9x0.2x
Sun, 31 Aug 2025R$91.5bR$281.0bR$8.9b11.7x10.2x0.3x
Tue, 29 Jul 2025R$88.2bR$275.8bR$8.8b10.7x10x0.3x
Thu, 26 Jun 2025R$87.6bR$276.0bR$8.9b10.5x9.9x0.3x
Sat, 24 May 2025R$185.7bR$718.5bR$20.3b9.2x9.1x0.3x
Mon, 21 Apr 2025R$187.1bR$688.1bR$15.7b10.6x11.9x0.3x
Wed, 19 Mar 2025R$169.3bR$663.6bR$16.1b8.8x10.5x0.3x
Fri, 14 Feb 2025R$156.5bR$652.9bR$15.1b9.8x10.4x0.2x
Sun, 12 Jan 2025R$168.1bR$263.4bR$13.8b7.7x12.2x0.6x
Tue, 10 Dec 2024R$189.3bR$657.8bR$21.1b8.9x9x0.3x
Thu, 07 Nov 2024R$176.7bR$631.5bR$9.8b10.7x18x0.3x
Sat, 05 Oct 2024R$163.6bR$631.1bR$9.7b11x16.8x0.3x
Mon, 02 Sep 2024R$176.3bR$631.3bR$9.8b10.9x18.1x0.3x
Wed, 31 Jul 2024R$165.6bR$614.6bR$4.7b11.1x35x0.3x
Fri, 28 Jun 2024R$160.6bR$614.3bR$4.7b10.8x34.1x0.3x
Sun, 26 May 2024R$152.5bR$613.5bR$4.2b11.6x36.5x0.2x
Tue, 23 Apr 2024R$131.6bR$610.8b-R$561,519,000.0010.1x-234.4x0.2x
Thu, 21 Mar 2024R$136.9bR$614.1b-R$2,884,476,000.0010.6x-47.5x0.2x
Sat, 17 Feb 2024R$127.7bR$601.0b-R$4,454,315,000.0010.7x-28.7x0.2x
Mon, 15 Jan 2024R$130.8bR$603.1b-R$3,852,937,000.0010.3x-33.9x0.2x
Wed, 13 Dec 2023R$131.0bR$602.7b-R$3,848,941,000.009.6x-34x0.2x
Fri, 10 Nov 2023R$121.0bR$610.4bR$4.0b9.2x30.2x0.2x
Sun, 08 Oct 2023R$112.4bR$609.8bR$4.0b9.7x27.9x0.2x
Tue, 05 Sep 2023R$113.0bR$609.6bR$3.8b10.6x29.7x0.2x
Thu, 03 Aug 2023R$114.8bR$615.1bR$14.2b9.4x8.1x0.2x
Sat, 01 Jul 2023R$103.1bR$614.9bR$14.4b8.1x7.2x0.2x
Price to Earnings Ratio

7.2x


Total Market Cap: R$103.1bTotal Earnings: R$14.4bTotal Revenue: R$614.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Food Industry Price to Earnings3Y Average 1.9x202420252026
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 13.9x which is higher than its 3-year average PE of 1.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.25x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 35% 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 Market0.40%
Consumer Staples-2.62%
Food-4.12%
Agricultural Products-3.29%
Packaged Foods and Meats-4.48%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 11.4x.
    • Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings decline of 56.6% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings growth rate of 2.3% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 29% 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
AGXY3 AgroGalaxy ParticipaçõesR$1.810.6%
+R$167.4k		-70.1%PE0.02x

Latest News

MDIA3
R$17.41
M. Dias Branco Indústria e Comércio de Alimentos
7D
-3.7%
1Y
-27.1%
New Narrative • Jun 20

Weak Core Volumes And Cost Pressures Will Challenge Margin Gains Yet Leave Upside Potential

Catalysts About M. Dias Branco Indústria e Comércio de Alimentos M.
JALL3
R$2.20
Jalles Machado S/A
7D
-7.6%
1Y
-43.7%
CAML3
R$4.89
Camil Alimentos
7D
-6.5%
1Y
-6.0%
Narrative Update • Jun 18

CAML3: Higher Margin Outlook And Index Exit Will Support Future Repricing

Analysts have kept their R$10.00 price target for Camil Alimentos unchanged, citing slightly higher assumed profit margins offset by modestly adjusted discount rate, revenue growth and future P/E inputs in their valuation work. What’s in the News for Camil Alimentos Camil Alimentos S.A. has been removed from the Brazil Corporate Sustainability Index, according to a recent index constituent update.
MBRF3
R$15.29
MBRF Global Foods
7D
-4.2%
1Y
-35.7%
Narrative Update • Jun 17

MBRF3: Index Inclusion And Revised P/E Assumptions Will Shape Balanced Outlook

Analysts have revised their price target for MBRF Global Foods slightly lower to R$16.30 from R$16.86, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels. What’s in the News for MBRF Global Foods MBRF Global Foods Company S.A. was added to the Brazil Valor BM&FBOVESPA Index, based on a recent index constituent update.
BEEF3
R$3.50
Minerva
7D
-6.4%
1Y
-26.2%
Narrative Update • Jun 16

BEEF3: Index Inclusion And Stronger Margins Will Support Share Price

Analysts have adjusted their price targets for Minerva to reflect a fair value update to R$9.62, citing revised assumptions on revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Minerva Minerva S.A. has been added to the Brazil IBRX 50 Index, reflecting its inclusion in a key Brazilian equity benchmark (source: Key Developments).
SLCE3
R$13.42
SLC Agrícola
7D
-4.4%
1Y
-16.0%
Narrative Update • Jun 15

SLCE3: Governance Meeting Will Reassess Productivity Risk After Index Removal

Analysts have trimmed their fair value estimate for SLC Agrícola to about R$18.74 from roughly R$19.51, as they factor in productivity risk and what they see as limited upside in key commodities. What's in the News SLC Agrícola has a Special and Extraordinary Shareholders Meeting scheduled for April 28, 2026, according to company event disclosures.
TTEN3
R$14.29
Três Tentos Agroindustrial S/A
7D
-2.1%
1Y
-2.0%
Narrative Update • Jun 09

TTEN3: Higher Growth Assumptions And Future P/E Will Support Upside Potential

Analysts have nudged their price target for Três Tentos Agroindustrial S/A slightly higher from R$21.40 to about R$21.68, reflecting updated views on discount rates, revenue growth assumptions, and profit margins. What's in the News No recent company specific news or key developments for Três Tentos Agroindustrial S/A were identified in the provided sources.
SMTO3
R$14.60
São Martinho
7D
-8.6%
1Y
-21.4%
Narrative Update • Jun 08

SMTO3: Elevated P/E And Slower Revenue Outlook Will Restrain Future Returns

Analysts have kept the fair value for São Martinho steady at R$14.80, reflecting a slightly higher future P/E assumption along with modest adjustments to revenue growth, profit margin, and the discount rate that together guide the updated price target narrative. What's in the News São Martinho has scheduled a Special and Extraordinary Shareholders Meeting for Jul 3, 2026, at Fazenda São Martinho in Pradópolis, São Paulo, Brazil.
AGXY3
R$1.81
AgroGalaxy Participações
7D
0.6%
1Y
-70.1%