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Brazilian (BOVESPA) Food Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies12
  • 7D0.007%
  • 3M-11.7%
  • 1Y-5.9%
  • YTD4.0%

Last week, the Food industry hasn't moved much but Três Tentos Agroindustrial S/A is up 7.1% in that time. As for the longer term, the industry has declined 5.9% in the last year. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025R$65.1bR$223.8bR$4.8b11.9x13.5x0.3x
Mon, 03 Nov 2025R$51.5bR$219.1bR$5.0b11.7x10.3x0.2x
Wed, 01 Oct 2025R$52.1bR$216.9bR$5.2b11.7x10.1x0.2x
Fri, 29 Aug 2025R$89.3bR$281.0bR$8.9b11.4x10x0.3x
Sun, 27 Jul 2025R$89.2bR$275.8bR$8.8b10.5x10.1x0.3x
Tue, 24 Jun 2025R$91.9bR$276.7bR$9.4b10x9.8x0.3x
Thu, 22 May 2025R$185.3bR$718.5bR$20.3b8.9x9.1x0.3x
Sat, 19 Apr 2025R$187.1bR$688.1bR$15.7b10.6x11.9x0.3x
Mon, 17 Mar 2025R$153.6bR$663.6bR$16.1b8.5x9.5x0.2x
Wed, 12 Feb 2025R$163.8bR$652.9bR$15.1b10x10.8x0.3x
Fri, 10 Jan 2025R$169.1bR$660.0bR$21.1b8.4x8x0.3x
Sun, 08 Dec 2024R$189.3bR$657.8bR$21.1b8.9x9x0.3x
Tue, 05 Nov 2024R$174.3bR$631.5bR$9.8b10.4x17.7x0.3x
Thu, 03 Oct 2024R$164.5bR$631.1bR$9.7b11x16.9x0.3x
Sat, 31 Aug 2024R$174.9bR$631.3bR$9.8b10.9x17.9x0.3x
Mon, 29 Jul 2024R$163.9bR$614.6bR$4.7b11.2x34.7x0.3x
Wed, 26 Jun 2024R$159.6bR$614.3bR$4.7b10.9x33.8x0.3x
Fri, 24 May 2024R$152.9bR$613.5bR$4.2b11.7x36.5x0.2x
Sun, 21 Apr 2024R$131.6bR$610.8b-R$561,519,000.0010.1x-234.4x0.2x
Tue, 19 Mar 2024R$135.6bR$614.1b-R$2,884,476,000.0010.3x-47x0.2x
Thu, 15 Feb 2024R$128.0bR$601.0b-R$4,079,340,000.009x-31.4x0.2x
Sat, 13 Jan 2024R$130.8bR$603.1b-R$3,852,937,000.0010.3x-33.9x0.2x
Mon, 11 Dec 2023R$131.4bR$602.7b-R$3,848,941,000.009.8x-34.2x0.2x
Wed, 08 Nov 2023R$123.2bR$610.0bR$4.0b9.4x31x0.2x
Fri, 06 Oct 2023R$112.1bR$609.8bR$4.0b9.7x27.9x0.2x
Sun, 03 Sep 2023R$112.4bR$609.6bR$3.8b10.7x29.5x0.2x
Tue, 01 Aug 2023R$112.1bR$615.1bR$14.2b9.2x7.9x0.2x
Thu, 29 Jun 2023R$99.1bR$614.9bR$14.4b7.9x6.9x0.2x
Sat, 27 May 2023R$98.0bR$614.6bR$14.4b7.7x6.8x0.2x
Mon, 24 Apr 2023R$90.5bR$607.0bR$21.6b7.7x4.2x0.1x
Wed, 22 Mar 2023R$96.4bR$610.9bR$25.7b9.5x3.8x0.2x
Fri, 17 Feb 2023R$101.6bR$595.4bR$29.0b10.1x3.5x0.2x
Sun, 15 Jan 2023R$105.1bR$595.1bR$29.3b6.7x3.6x0.2x
Tue, 13 Dec 2022R$105.0bR$594.8bR$29.2b6.7x3.6x0.2x
Price to Earnings Ratio

3.6x


Total Market Cap: R$105.0bTotal Earnings: R$29.2bTotal Revenue: R$594.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Food Industry Price to Earnings3Y Average 0.07x202320242025
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 13.5x which is higher than its 3-year average PE of 0.072x.
  • 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 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 Market-1.61%
Consumer Staples-2.27%
Food0.007%
Agricultural Products2.60%
Packaged Foods and Meats-1.05%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings growth of 11.0%, 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 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 8.5% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 11% 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$16.407.1%
+R$544.4m		16.0%PE9.5x
MBRF3 Marfrig Global FoodsR$19.490.8%
+R$228.7m		0%PE18.8x
AGRO3 BrasilAgro - Companhia Brasileira de Propriedades AgrícolasR$20.251.8%
+R$35.9m		-12.1%PS2.2x
JALL3 Jalles Machado S/AR$2.981.7%
+R$15.1m		-39.6%PS0.4x

Latest News

SMTO3
R$13.17
São Martinho
7D
-5.6%
1Y
-47.8%

SMTO3: Future Upside Will Be Supported By Resilient Profit Margins

Analysts have trimmed their price target on São Martinho from R$25.32 to R$22.29, reflecting slightly higher perceived risk, more modest revenue growth expectations, and marginally lower projected profit margins, despite largely unchanged valuation multiples. What's in the News São Martinho S.A. (BOVESPA:SMTO3) was removed from the FTSE All-World Index (USD), which may reduce passive investor exposure and index-tracking fund demand (Key Developments).
SOJA3
R$8.60
Boa Safra Sementes
7D
-2.6%
1Y
-19.5%
TTEN3
R$16.40
Três Tentos Agroindustrial S/A
7D
7.1%
1Y
16.0%
AGRO3
R$20.25
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
7D
1.8%
1Y
-12.1%
BEEF3
R$6.14
Minerva
7D
-1.4%
1Y
3.9%

Does Minerva (BVMF:BEEF3) Have A Healthy Balance Sheet?

Dec 02
Does Minerva (BVMF:BEEF3) Have A Healthy Balance Sheet?
SLCE3
R$16.34
SLC Agrícola
7D
-1.2%
1Y
-12.0%

SLCE3: Future Profitability Will Likely Drive Positive Share Price Momentum

Analysts have slightly lowered their price target for SLC Agrícola from R$20.23 to R$19.95, citing minor adjustments in revenue growth expectations and updated discount rate assumptions. Valuation Changes Fair Value: Lowered marginally from R$20.23 to R$19.95.
AGXY3
R$5.00
AgroGalaxy Participações
7D
-3.8%
1Y
-55.6%

We Don’t Think AgroGalaxy Participações' (BVMF:AGXY3) Earnings Should Make Shareholders Too Comfortable

Nov 30
We Don’t Think AgroGalaxy Participações' (BVMF:AGXY3) Earnings Should Make Shareholders Too Comfortable
MBRF3
R$19.49
Marfrig Global Foods
7D
0.8%
1Y
0%

MBRF3: Future Earnings Outlook Will Benefit From Post-Merger Supply Tightening

Analysts have raised the price target for Marfrig Global Foods from R$24.45 to R$24.74, citing improved profit margin forecasts and a tighter supply and demand outlook for Brazil's chicken market as key factors behind the revision. Analyst Commentary Investor sentiment around Marfrig Global Foods has shifted following the company’s merger with BRF and a revised price target from a major U.S. investment bank.
JALL3
R$2.98
Jalles Machado S/A
7D
1.7%
1Y
-39.6%

JALL3: Marginal Forecast Adjustments Will Support Future Upside Potential

Analysts have reaffirmed their price target for Jalles Machado S/A at R$6.32. They cite slight upward revisions to revenue growth assumptions, balanced by minimal changes in the discount rate and projected profit margins.
MNPR3
R$4.92
Minupar Participações
7D
-5.2%
1Y
129.9%
MDIA3
R$24.63
M. Dias Branco Indústria e Comércio de Alimentos
7D
-4.5%
1Y
13.7%
CAML3
R$5.65
Camil Alimentos
7D
-2.4%
1Y
-18.2%

Camil Alimentos S.A. Just Recorded A 5.0% Revenue Beat: Here's What Analysts Think

Oct 12
Camil Alimentos S.A. Just Recorded A 5.0% Revenue Beat: Here's What Analysts Think