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Brazilian (BOVESPA) Food Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies13
- 7D-2.9%
- 3M8.1%
- 1Y34.3%
- YTD35.8%
Over the last 7 days, the Food industry has dropped 3.5%, driven by declines in BRF and JBS of 5.2% and 2.4%, respectively. In the past year, the industry has gained 34%. Looking forward, earnings are forecast to decline by 13% per year.
Industry Valuation and Performance
Has the Brazilian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | R$180.2b | R$657.8b | R$21.1b | 8.7x | 8.6x | 0.3x |
| Mon, 18 Nov 2024 | R$173.6b | R$657.8b | R$17.1b | 9.7x | 10.1x | 0.3x |
| Wed, 16 Oct 2024 | R$163.8b | R$631.5b | R$9.8b | 10.8x | 16.7x | 0.3x |
| Fri, 13 Sep 2024 | R$168.9b | R$631.1b | R$9.7b | 11.6x | 17.3x | 0.3x |
| Sun, 11 Aug 2024 | R$165.9b | R$614.6b | R$4.7b | 11x | 35.1x | 0.3x |
| Tue, 09 Jul 2024 | R$163.6b | R$614.3b | R$4.7b | 11.3x | 34.7x | 0.3x |
| Thu, 06 Jun 2024 | R$147.1b | R$613.5b | R$4.2b | 10.9x | 35.2x | 0.2x |
| Sat, 04 May 2024 | R$135.9b | R$610.8b | -R$561,519,000.00 | 10.6x | -242.1x | 0.2x |
| Mon, 01 Apr 2024 | R$133.3b | R$610.8b | -R$561,519,000.00 | 11.1x | -237.3x | 0.2x |
| Wed, 28 Feb 2024 | R$127.1b | R$603.6b | -R$2,508,716,000.00 | 10.8x | -50.7x | 0.2x |
| Fri, 26 Jan 2024 | R$133.6b | R$603.1b | -R$3,853,024,000.00 | 10.5x | -34.7x | 0.2x |
| Sun, 24 Dec 2023 | R$134.8b | R$602.7b | -R$3,848,941,000.00 | 10.2x | -35x | 0.2x |
| Tue, 21 Nov 2023 | R$127.7b | R$602.7b | -R$3,848,942,000.00 | 9.7x | -33.2x | 0.2x |
| Thu, 19 Oct 2023 | R$112.0b | R$610.0b | R$4.0b | 9.3x | 28.2x | 0.2x |
| Sat, 16 Sep 2023 | R$115.9b | R$609.8b | R$4.0b | 10.1x | 28.8x | 0.2x |
| Mon, 14 Aug 2023 | R$116.5b | R$614.9b | R$14.0b | 10x | 8.3x | 0.2x |
| Wed, 12 Jul 2023 | R$105.9b | R$614.8b | R$14.2b | 8.6x | 7.5x | 0.2x |
| Fri, 09 Jun 2023 | R$104.4b | R$614.6b | R$14.4b | 7.8x | 7.2x | 0.2x |
| Sun, 07 May 2023 | R$97.3b | R$607.5b | R$21.7b | 7.5x | 4.5x | 0.2x |
| Tue, 04 Apr 2023 | R$91.2b | R$607.0b | R$21.6b | 7.8x | 4.2x | 0.2x |
| Thu, 02 Mar 2023 | R$100.8b | R$595.4b | R$29.0b | 9.9x | 3.5x | 0.2x |
| Sat, 28 Jan 2023 | R$106.4b | R$595.1b | R$29.3b | 7.1x | 3.6x | 0.2x |
| Mon, 26 Dec 2022 | R$105.4b | R$594.8b | R$29.2b | 6.8x | 3.6x | 0.2x |
| Wed, 23 Nov 2022 | R$114.7b | R$594.7b | R$29.3b | 7.3x | 3.9x | 0.2x |
| Fri, 21 Oct 2022 | R$130.8b | R$572.0b | R$34.1b | 7.3x | 3.8x | 0.2x |
| Sun, 18 Sep 2022 | R$135.4b | R$571.5b | R$34.1b | 7.1x | 4x | 0.2x |
| Tue, 16 Aug 2022 | R$145.2b | R$569.9b | R$34.0b | 8x | 4.3x | 0.3x |
| Thu, 14 Jul 2022 | R$138.3b | R$547.5b | R$32.2b | 8.2x | 4.3x | 0.3x |
| Sat, 11 Jun 2022 | R$155.0b | R$547.1b | R$32.1b | 9x | 4.8x | 0.3x |
| Mon, 09 May 2022 | R$152.7b | R$528.8b | R$28.3b | 10.4x | 5.4x | 0.3x |
| Wed, 06 Apr 2022 | R$170.2b | R$521.8b | R$30.0b | 11.1x | 5.7x | 0.3x |
| Fri, 04 Mar 2022 | R$167.2b | R$493.8b | R$28.2b | 10.6x | 5.9x | 0.3x |
| Sun, 30 Jan 2022 | R$164.2b | R$490.1b | R$27.6b | 12.5x | 6x | 0.3x |
| Tue, 28 Dec 2021 | R$166.3b | R$489.8b | R$27.6b | 12.5x | 6x | 0.3x |
Price to Earnings Ratio
6x
Current Industry PE
- Investors are pessimistic on the Brazilian Food 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 8.6x which is higher than its 3-year average PE of -1.6x.
- The industry is trading close to its 3-year average PS ratio of 0.23x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 8.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Brazilian Consumer Staples industry?
| BR Market | -3.14% | |
| Consumer Staples | -3.88% | |
| Food | -2.91% | |
| Packaged Foods and Meats | -2.78% | |
| Agricultural Products | -4.00% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 10.1x.
- Analysts are expecting annual earnings growth of 17.2%, which is lower than the prior year's growth of 20.9% 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 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings decline by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMTO3 São Martinho | R$25.14 | 1.8% +R$149.6m | -14.0% | PE7.4x | |
| MRFG3 Marfrig Global Foods | R$16.80 | 1.0% +R$142.2m | 71.3% | PE2.2x | |
| SOJA3 Boa Safra Sementes | R$10.61 | 1.2% +R$17.5m | -31.9% | PE6.1x |
