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Brazilian (BOVESPA) Energy Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies10
  • 7D-1.8%
  • 3M15.2%
  • 1Y52.9%
  • YTD8.3%

Over the last 7 days, the Energy industry has dropped 1.8%, driven by a pullback from Cosan of 6.3%. In the past year, the industry has gained 53%. Looking forward, earnings are forecast to decline by 2.1% per year.

Sector Valuation and Performance

Has the Brazilian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024R$721.3bR$950.9bR$147.3b8.5x4.9x0.8x
Mon, 22 Jan 2024R$659.1bR$953.1bR$146.7b8.2x4.5x0.7x
Wed, 20 Dec 2023R$646.9bR$953.1bR$146.7b8.6x4.4x0.7x
Fri, 17 Nov 2023R$636.8bR$953.2bR$147.0b8.3x4.3x0.7x
Sun, 15 Oct 2023R$645.6bR$1.0tR$164.8b12.2x3.9x0.6x
Tue, 12 Sep 2023R$610.3bR$1.0tR$164.8b11.3x3.7x0.6x
Thu, 10 Aug 2023R$574.2bR$1.0tR$164.8b10.4x3.5x0.6x
Sat, 08 Jul 2023R$562.1bR$1.1tR$190.4b7.9x3x0.5x
Mon, 05 Jun 2023R$513.7bR$1.1tR$190.4b7.1x2.7x0.5x
Wed, 03 May 2023R$434.9bR$1.1tR$195.7b8.3x2.2x0.4x
Fri, 31 Mar 2023R$453.5bR$1.1tR$195.3b9x2.3x0.4x
Sun, 26 Feb 2023R$491.3bR$1.0tR$183.9b10.3x2.7x0.5x
Tue, 24 Jan 2023R$514.6bR$1.0tR$184.6b12.7x2.8x0.5x
Thu, 22 Dec 2022R$464.3bR$1.0tR$184.6b12.1x2.5x0.4x
Sat, 19 Nov 2022R$515.0bR$1.0tR$184.4b14.5x2.8x0.5x
Mon, 17 Oct 2022R$596.6bR$965.0bR$174.4b9.8x3.4x0.6x
Wed, 14 Sep 2022R$579.6bR$965.0bR$174.4b8.7x3.3x0.6x
Fri, 12 Aug 2022R$638.5bR$931.4bR$175.8b7x3.6x0.7x
Sun, 10 Jul 2022R$510.8bR$859.8bR$163.8b6.1x3.1x0.6x
Tue, 07 Jun 2022R$568.2bR$859.8bR$163.8b8.2x3.5x0.7x
Thu, 05 May 2022R$596.6bR$762.0bR$119.5b16.9x5x0.8x
Sat, 02 Apr 2022R$620.9bR$762.0bR$119.6b11.3x5.2x0.8x
Mon, 28 Feb 2022R$614.6bR$706.7bR$119.2b6.4x5.2x0.9x
Wed, 26 Jan 2022R$591.4bR$614.8bR$145.7b7.5x4.1x1x
Fri, 24 Dec 2021R$527.9bR$614.8bR$145.7b7.2x3.6x0.9x
Sun, 21 Nov 2021R$495.2bR$614.7bR$145.7b7.2x3.4x0.8x
Tue, 19 Oct 2021R$496.6bR$529.5bR$109.1b17.4x4.6x0.9x
Thu, 16 Sep 2021R$445.1bR$529.5bR$109.1b17.6x4.1x0.8x
Sat, 14 Aug 2021R$484.7bR$527.6bR$109.0b16.3x4.4x0.9x
Wed, 09 Jun 2021R$443.6bR$350.9bR$59.5b24.7x7.5x1.3x
Tue, 02 Mar 2021R$363.1bR$340.0bR$9.2b29.1x39.5x1.1x
Price to Earnings Ratio

39.5x


Total Market Cap: R$363.1bTotal Earnings: R$9.2bTotal Revenue: R$340.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Energy Sector Price to Earnings3Y Average 4.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the Brazilian Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 4.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 152% per year over the last three years.
  • Revenues for these companies have grown 41% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Energy sector?

BR Market0.42%
Energy-1.85%
Energy Services1.06%
Oil and Gas-1.85%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 4.9x.
    • Analysts are expecting annual earnings decline of 2.1%, which is lower than the prior year's growth of 24.4% per year.
  • Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.61x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Oil and Gas industry since they expect its earnings to decline by only 2.1% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 24% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 2.1% 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
UGPA3 Ultrapar ParticipaçõesR$30.512.3%
+R$740.8m
125.2%PE15.3x
ENAT3 Enauta ParticipaçõesR$23.957.7%
+R$450.5m
71.9%PE91.3x
PRIO3 PrioR$45.800.9%
+R$336.5m
21.8%PE8.5x
RECV3 PetroreconcavoR$23.410.3%
+R$17.6m
-22.1%PE7.4x
LUPA3 LupatechR$1.911.1%
+R$839.9k
-65.5%PE2.2x
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