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Brazilian (BOVESPA) Food Industry Analysis

UpdatedAug 14, 2026
DataAggregated Company Financials
Companies12
  • 7D0.03%
  • 3M-15.4%
  • 1Y-25.9%
  • YTD-18.7%

The Food industry has been flat over the last week, but Minerva has lost 12%. As for the longer term, the industry has declined 26% in the last year. 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
Sat, 15 Aug 2026R$51.1bR$226.4bR$3.6b14.3x14.2x0.2x
Mon, 13 Jul 2026R$54.1bR$226.8bR$3.7b14.2x14.8x0.2x
Wed, 10 Jun 2026R$56.7bR$229.5bR$3.9b12.6x14.4x0.2x
Fri, 08 May 2026R$63.0bR$226.3bR$3.9b15.7x16x0.3x
Sun, 05 Apr 2026R$68.2bR$226.3bR$3.9b16.5x17.4x0.3x
Tue, 03 Mar 2026R$67.6bR$223.2bR$5.2b14.2x12.9x0.3x
Thu, 29 Jan 2026R$65.5bR$223.6bR$4.8b13.2x13.6x0.3x
Sat, 27 Dec 2025R$63.3bR$223.8bR$4.8b12.1x13.1x0.3x
Mon, 24 Nov 2025R$64.0bR$221.8bR$4.8b11.9x13.3x0.3x
Wed, 22 Oct 2025R$48.7bR$216.6bR$5.1b11.7x9.5x0.2x
Fri, 19 Sep 2025R$92.6bR$280.8bR$8.8b12.5x10.6x0.3x
Sun, 17 Aug 2025R$88.0bR$280.2bR$8.7b10.4x10.1x0.3x
Tue, 15 Jul 2025R$89.2bR$276.0bR$8.9b10.4x10.1x0.3x
Thu, 12 Jun 2025R$92.9bR$276.5bR$9.4b10x9.9x0.3x
Sat, 10 May 2025R$178.4bR$682.8bR$18.2b9.8x9.8x0.3x
Mon, 07 Apr 2025R$173.5bR$684.1bR$18.3b9.5x9.5x0.3x
Wed, 05 Mar 2025R$146.1bR$663.5bR$16.0b8.2x9.1x0.2x
Fri, 31 Jan 2025R$165.7bR$652.6bR$15.3b10.1x10.8x0.3x
Sun, 29 Dec 2024R$171.9bR$657.8bR$21.1b8.4x8.2x0.3x
Tue, 26 Nov 2024R$176.2bR$657.8bR$21.1b9.2x8.4x0.3x
Thu, 24 Oct 2024R$169.4bR$631.5bR$9.8b10.1x17.2x0.3x
Sat, 21 Sep 2024R$166.6bR$631.1bR$9.7b10.9x17.1x0.3x
Mon, 19 Aug 2024R$176.4bR$631.7bR$10.2b12.3x17.4x0.3x
Wed, 17 Jul 2024R$164.9bR$614.6bR$4.7b11.3x34.9x0.3x
Fri, 14 Jun 2024R$149.2bR$613.5bR$4.2b10.7x35.7x0.2x
Sun, 12 May 2024R$140.1bR$611.5bR$687.8m12.4x203.6x0.2x
Tue, 09 Apr 2024R$133.2bR$610.8b-R$561,519,000.0010.8x-237.3x0.2x
Thu, 07 Mar 2024R$133.1bR$614.0b-R$2,760,762,000.0010.6x-48.2x0.2x
Sat, 03 Feb 2024R$129.8bR$603.1b-R$3,853,024,000.0010.1x-33.7x0.2x
Mon, 01 Jan 2024R$135.5bR$602.7b-R$3,848,941,000.0010.5x-35.2x0.2x
Wed, 29 Nov 2023R$131.0bR$602.7b-R$3,852,871,000.009.5x-34x0.2x
Fri, 27 Oct 2023R$114.8bR$610.0bR$4.0b9.3x28.9x0.2x
Sun, 24 Sep 2023R$112.8bR$609.8bR$4.0b9.9x28.1x0.2x
Tue, 22 Aug 2023R$114.1bR$609.6bR$3.8b9.9x29.9x0.2x
Price to Earnings Ratio

29.9x


Total Market Cap: R$114.1bTotal Earnings: R$3.8bTotal Revenue: R$609.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Food Industry Price to Earnings3Y Average 2.2x202420252026
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 14.2x which is higher than its 3-year average PE of 2.2x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 28% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Brazilian Consumer Staples industry?

BR Market-3.22%
Consumer Staples-3.57%
Food0.026%
Packaged Foods and Meats0.50%
Agricultural Products-1.14%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 10.0x.
    • Analysts are expecting annual earnings growth of 52.6%, 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 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 53% 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 25% 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 MBRF Global FoodsR$16.361.8%
+R$406.4m		-30.0%PE60.1x
SLCE3 SLC AgrícolaR$13.361.1%
+R$69.6m		-11.1%PE17.1x
CAML3 Camil AlimentosR$4.651.3%
+R$20.5m		5.0%PE14.4x
AGRO3 BrasilAgro - Companhia Brasileira de Propriedades AgrícolasR$18.200.7%
+R$13.0m		-9.9%PS1.9x

Latest News

SLCE3
R$13.36
SLC Agrícola
7D
1.1%
1Y
-11.1%
MBRF3
R$16.36
MBRF Global Foods
7D
1.8%
1Y
-30.0%
Narrative Update • Aug 14

MBRF3: Higher Future P/E Assumptions Will Support Further Upside

Analysts have lifted their price target for MBRF Global Foods from R$26.20 to R$28.00, citing updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E estimate. What's in the News No recent news items for MBRF Global Foods have been identified in the primary or secondary sources provided as of 13 Aug 2026.
BEEF3
R$3.20
Minerva
7D
-7.0%
1Y
-34.8%
SMTO3
R$14.61
São Martinho
7D
-1.1%
1Y
-10.3%
Analysis Article • Aug 13

São Martinho S.A. (BVMF:SMTO3) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

São Martinho S.A. ( BVMF:SMTO3 ) last week reported its latest first-quarter results, which makes it a good time for...
SOJA3
R$5.03
Boa Safra Sementes
7D
-6.3%
1Y
-47.9%
TTEN3
R$9.93
Três Tentos Agroindustrial S/A
7D
-12.9%
1Y
-30.2%
Narrative Update • Aug 01

TTEN3: Higher Margin And Revenue Outlook Will Support Future Upside

Analysts have trimmed their price target for Três Tentos Agroindustrial S/A from R$19.50 to about R$17.18, citing updated assumptions that include different revenue growth, profit margin and future P/E expectations. What’s in the News for Três Tentos Agroindustrial S/A Analysts revised their price target for Três Tentos Agroindustrial S/A to about R$17.18 based on updated assumptions around revenue growth, profit margins and future P/E expectations.
JALL3
R$1.95
Jalles Machado S/A
7D
-3.9%
1Y
-31.6%
CAML3
R$4.65
Camil Alimentos
7D
1.3%
1Y
5.0%
Analysis Article • Jul 24

Camil Alimentos' (BVMF:CAML3) Weak Earnings May Only Reveal A Part Of The Whole Picture

Investors were disappointed by Camil Alimentos S.A.'s ( BVMF:CAML3 ) latest earnings release. We did some further...
MDIA3
R$17.27
M. Dias Branco Indústria e Comércio de Alimentos
7D
-1.3%
1Y
-40.4%
AGRO3
R$18.20
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas
7D
0.7%
1Y
-9.9%
Narrative Update • Jun 11

AGRO3: Index Removal Will Anchor Future Upside Potential

Analysts have kept their R$25.00 price target for BrasilAgro, Companhia Brasileira de Propriedades Agrícolas unchanged, pointing to slightly adjusted assumptions for revenue growth, profit margin and future P/E as the key drivers behind the reaffirmed view. What's in the News BrasilAgro, Companhia Brasileira de Propriedades Agrícolas was removed from the Brazil Small Cap Index, according to a recorded index constituent change event.
AGXY3
R$1.45
AgroGalaxy Participações
7D
-10.5%
1Y
-75.8%
MNPR3
R$3.76
Minupar Participações
7D
-5.5%
1Y
13.4%