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Brazilian (BOVESPA) Food Industry Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-2.4%
  • 3M4.3%
  • 1Y-13.3%
  • YTD-11.6%

Over the last 7 days, the Food industry has dropped 3.3%, driven by a pullback from MBRF Global Foods of 2.1%. Overall the industry is down 18% in 12 months. Looking forward, earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026R$55.2bR$229.5bR$2.9b14.3x19.1x0.2x
Thu, 20 Aug 2026R$53.4bR$229.6bR$3.0b13.2x17.9x0.2x
Sat, 18 Jul 2026R$52.4bR$226.7bR$3.6b14.9x14.5x0.2x
Mon, 15 Jun 2026R$56.9bR$229.5bR$3.9b12.8x14.5x0.2x
Wed, 13 May 2026R$60.4bR$225.8bR$3.9b15.6x15.3x0.3x
Fri, 10 Apr 2026R$66.4bR$226.3bR$3.9b16x16.9x0.3x
Sun, 08 Mar 2026R$63.1bR$223.2bR$5.2b13.3x12x0.3x
Tue, 03 Feb 2026R$63.9bR$223.6bR$4.8b13.1x13.3x0.3x
Thu, 01 Jan 2026R$64.0bR$223.8bR$4.8b12.1x13.3x0.3x
Sat, 29 Nov 2025R$62.9bR$221.8bR$4.8b12x13.1x0.3x
Mon, 27 Oct 2025R$48.1bR$219.1bR$5.0b11.6x9.7x0.2x
Wed, 24 Sep 2025R$80.9bR$280.8bR$8.8b11.4x9.2x0.3x
Fri, 22 Aug 2025R$86.4bR$280.2bR$8.7b10.6x9.9x0.3x
Sun, 20 Jul 2025R$87.5bR$275.8bR$8.8b10.6x9.9x0.3x
Tue, 17 Jun 2025R$91.4bR$276.5bR$9.4b10.2x9.7x0.3x
Thu, 15 May 2025R$172.7bR$708.5bR$19.6b9.9x8.8x0.2x
Sat, 12 Apr 2025R$179.4bR$688.1bR$15.7b10.1x11.4x0.3x
Mon, 10 Mar 2025R$151.4bR$663.5bR$16.0b8.6x9.5x0.2x
Wed, 05 Feb 2025R$165.8bR$652.6bR$15.3b10.2x10.8x0.3x
Fri, 03 Jan 2025R$173.4bR$657.8bR$21.1b8.2x8.2x0.3x
Sun, 01 Dec 2024R$178.9bR$657.8bR$21.1b8.8x8.5x0.3x
Tue, 29 Oct 2024R$173.6bR$631.5bR$9.8b10.4x17.7x0.3x
Thu, 26 Sep 2024R$164.0bR$631.1bR$9.7b11.3x16.8x0.3x
Sat, 24 Aug 2024R$175.3bR$631.3bR$9.8b10.9x18x0.3x
Mon, 22 Jul 2024R$160.2bR$614.6bR$4.7b11.7x33.9x0.3x
Wed, 19 Jun 2024R$149.8bR$613.5bR$4.2b10.7x35.9x0.2x
Fri, 17 May 2024R$151.3bR$614.7bR$4.4b12.1x34.3x0.2x
Sun, 14 Apr 2024R$131.1bR$610.8b-R$561,519,000.0010.4x-233.4x0.2x
Tue, 12 Mar 2024R$132.2bR$614.0b-R$3,015,161,000.0010.7x-43.8x0.2x
Thu, 08 Feb 2024R$132.7bR$600.9b-R$3,867,342,000.009.6x-34.3x0.2x
Sat, 06 Jan 2024R$129.0bR$602.7b-R$3,848,941,000.009.9x-33.5x0.2x
Mon, 04 Dec 2023R$135.4bR$602.7b-R$3,848,941,000.009.6x-35.2x0.2x
Wed, 01 Nov 2023R$114.6bR$610.0bR$4.0b9.3x28.8x0.2x
Fri, 29 Sep 2023R$111.5bR$609.8bR$4.0b9.8x27.7x0.2x
Price to Earnings Ratio

27.7x


Total Market Cap: R$111.5bTotal Earnings: R$4.0bTotal Revenue: R$609.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Food Industry Price to Earnings3Y Average 1.8x202420252026
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 19.1x 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 0.26x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 10% 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 Market0.064%
Consumer Staples-0.52%
Food-2.35%
Agricultural Products-0.56%
Packaged Foods and Meats-3.12%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 51.7%, which is higher than its past year's earnings decline of 18.9% 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 11.9x.
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 decline of 19% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 31% 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
TTEN3 Três Tentos Agroindustrial S/AR$10.551.6%
+R$85.1m		-24.1%PE9x
SOJA3 Boa Safra SementesR$7.791.7%
+R$18.3m		-25.1%PE28.8x
AGRO3 BrasilAgro - Companhia Brasileira de Propriedades AgrícolasR$18.250.2%
+R$4.0m		-10.1%PS2x
AGXY3 AgroGalaxy ParticipaçõesR$0.707.7%
+R$837.2k		-87.8%PE0.01x

Latest News

MDIA3
R$16.89
M. Dias Branco Indústria e Comércio de Alimentos
7D
-0.2%
1Y
-39.8%
SOJA3
R$7.79
Boa Safra Sementes
7D
1.7%
1Y
-25.1%
Narrative Update • Sep 20

SOJA3: Future Returns Will Depend On 2026 Shareholder Meeting Outcomes

Analysts have lifted their price target for Boa Safra Sementes from R$6.54 to R$7.50, citing updated fair value work that reflects revised assumptions on discount rate, revenue growth, profit margins and future P/E multiples. What’s in the News for Boa Safra Sementes There are currently no recent Boa Safra Sementes news items provided in the primary source feed.
SLCE3
R$17.56
SLC Agrícola
7D
-2.3%
1Y
18.6%
Narrative Update • Sep 17

SLCE3: Neutral Reassessment Of Weather Risks And Index Exit Will Shape Outlook

Analysts have raised their price target for SLC Agrícola from R$17.51 to R$18.58, citing updated assumptions that include a lower discount rate, a different revenue growth outlook, improved profit margin expectations, and a revised forward P/E multiple, along with recent Street research indicating that key weather related risks are now seen as largely reflected in the share price. What’s in the News for SLC Agrícola SLC Agrícola S.A. has been removed from the Brazil IBOVESPA Index, according to a recent index constituent update.
MBRF3
R$16.84
MBRF Global Foods
7D
-2.9%
1Y
-14.5%
Narrative Update • Sep 17

MBRF3: Reset Future P/E Multiple Will Drive Upside Potential

Analysts have trimmed their price target on MBRF Global Foods to R$26.20 from R$28.00, citing updated assumptions that now reflect a different future P/E, profit margin and revenue growth profile under a slightly adjusted discount rate. What’s in the News for MBRF Global Foods No recent company specific news headlines for MBRF Global Foods have been identified as of 17 Sep 2026.
SMTO3
R$18.53
São Martinho
7D
-7.4%
1Y
4.0%
AGXY3
R$0.70
AgroGalaxy Participações
7D
7.7%
1Y
-87.8%
AGRO3
R$18.25
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
7D
0.2%
1Y
-10.1%
JALL3
R$2.30
Jalles Machado S/A
7D
-3.4%
1Y
-17.9%
TTEN3
R$10.55
Três Tentos Agroindustrial S/A
7D
1.6%
1Y
-24.1%
Narrative Update • Sep 03

TTEN3: Higher Future P/E Assumptions Support Upside Potential

Analysts have revised their price target for Três Tentos Agroindustrial S/A from R$17.18 to R$15.00, reflecting updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. What’s in the News for Três Tentos Agroindustrial S/A There are currently no recent news stories or periodical articles available for Três Tentos Agroindustrial S/A as of 3 Sep 2026 based on the provided sources.
BEEF3
R$3.92
Minerva
7D
-3.0%
1Y
-38.5%
Narrative Update • Sep 03

BEEF3: Index Inclusion And Margin Outlook Will Support Future Re Rating

Analysts have trimmed their price target for Minerva to R$5.49 from R$6.41, pointing to updated assumptions for the discount rate, revenue growth, profit margins and future P/E that together suggest a more conservative valuation profile for the stock. What’s in the News for Minerva No recent news items for Minerva are available from the listed sources as of 1 Sep 2026.
CAML3
R$5.12
Camil Alimentos
7D
-1.0%
1Y
0%