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Brazilian (BOVESPA) Financials Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies37
- 7D4.8%
- 3M-7.7%
- 1Y-9.0%
- YTD5.4%
In the last week, the Financials industry is up 4.9%, with Banco BTG Pactual up 6.1%. In the past year, the industry is down 10%. Earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Brazilian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | R$1.1t | R$523.9b | R$150.4b | 7.1x | 7.6x | 2.2x |
| Thu, 19 Dec 2024 | R$1.1t | R$523.8b | R$150.3b | 6.7x | 7.6x | 2.2x |
| Sat, 16 Nov 2024 | R$1.2t | R$517.0b | R$150.6b | 7.6x | 8x | 2.3x |
| Mon, 14 Oct 2024 | R$1.2t | R$509.6b | R$145.2b | 7.7x | 8.5x | 2.4x |
| Wed, 11 Sep 2024 | R$1.3t | R$509.6b | R$145.2b | 8.3x | 9.2x | 2.6x |
| Fri, 09 Aug 2024 | R$1.2t | R$516.7b | R$146.7b | 8.2x | 8.5x | 2.4x |
| Sun, 07 Jul 2024 | R$1.2t | R$509.3b | R$143.1b | 7.9x | 8.4x | 2.4x |
| Tue, 04 Jun 2024 | R$1.2t | R$512.4b | R$143.2b | 7.9x | 8.5x | 2.4x |
| Thu, 02 May 2024 | R$1.2t | R$501.9b | R$138.4b | 8.5x | 8.9x | 2.5x |
| Sat, 30 Mar 2024 | R$1.3t | R$503.3b | R$138.5b | 9.2x | 9.4x | 2.6x |
| Mon, 26 Feb 2024 | R$1.3t | R$500.4b | R$138.7b | 10.1x | 9.4x | 2.6x |
| Wed, 24 Jan 2024 | R$1.3t | R$508.3b | R$139.8b | 10.5x | 9.3x | 2.6x |
| Fri, 22 Dec 2023 | R$1.3t | R$508.3b | R$139.8b | 9.8x | 9.4x | 2.6x |
| Sun, 19 Nov 2023 | R$1.2t | R$506.2b | R$139.2b | 8.5x | 8.8x | 2.4x |
| Tue, 17 Oct 2023 | R$1.1t | R$504.7b | R$139.0b | 8.6x | 8.2x | 2.3x |
| Thu, 14 Sep 2023 | R$1.2t | R$504.9b | R$139.1b | 9x | 8.4x | 2.3x |
| Sat, 12 Aug 2023 | R$1.2t | R$502.6b | R$136.9b | 8.9x | 8.6x | 2.3x |
| Mon, 10 Jul 2023 | R$1.2t | R$506.8b | R$139.7b | 9.2x | 8.7x | 2.4x |
| Wed, 07 Jun 2023 | R$1.2t | R$506.4b | R$139.6b | 8.9x | 8.3x | 2.3x |
| Fri, 05 May 2023 | R$1.1t | R$505.9b | R$139.7b | 8.3x | 7.5x | 2.1x |
| Sun, 02 Apr 2023 | R$995.0b | R$518.4b | R$136.9b | 8.2x | 7.3x | 1.9x |
| Tue, 28 Feb 2023 | R$1.0t | R$514.0b | R$133.7b | 8.9x | 7.6x | 2x |
| Thu, 26 Jan 2023 | R$1.1t | R$495.7b | R$140.1b | 9.3x | 7.5x | 2.1x |
| Sat, 24 Dec 2022 | R$1.1t | R$495.9b | R$140.2b | 9.2x | 7.6x | 2.1x |
| Mon, 21 Nov 2022 | R$1.1t | R$497.9b | R$140.3b | 10x | 7.6x | 2.1x |
| Wed, 19 Oct 2022 | R$1.2t | R$487.7b | R$133.7b | 10.8x | 8.9x | 2.4x |
| Fri, 16 Sep 2022 | R$1.1t | R$487.4b | R$133.7b | 11.8x | 8.4x | 2.3x |
| Sun, 14 Aug 2022 | R$1.2t | R$486.8b | R$135.8b | 9.8x | 8.5x | 2.4x |
| Tue, 12 Jul 2022 | R$981.9b | R$480.7b | R$128.6b | 8.2x | 7.6x | 2x |
| Thu, 09 Jun 2022 | R$1.1t | R$480.3b | R$128.5b | 8.9x | 8.5x | 2.3x |
| Sat, 07 May 2022 | R$1.1t | R$468.7b | R$123.3b | 8.7x | 8.5x | 2.2x |
| Mon, 04 Apr 2022 | R$1.2t | R$465.2b | R$122.8b | 9.6x | 9.8x | 2.6x |
| Wed, 02 Mar 2022 | R$1.1t | R$466.9b | R$122.0b | 8.8x | 9.2x | 2.4x |
| Fri, 28 Jan 2022 | R$1.1t | R$468.1b | R$121.0b | 9x | 9.3x | 2.4x |
Price to Earnings Ratio
9.3x
Current Industry PE
- Investors are relatively neutral on the Brazilian Financials 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 8.5x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 7.5% per year over the last three years.
- Revenues for these companies have grown 3.8% 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 Financials sector?
| BR Market | 2.72% | |
| Financials | 4.83% | |
| Capital Markets | 6.28% | |
| Banks | 4.84% | |
| Insurance | 3.39% | |
| Mortgage Finance | 0% | 0 |
| Mortgage REITs | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Diversified Financial | -0.40% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 17.1x.
- Analysts expect its future annual earnings growth (13.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Diversified Financial industry, which is trading close to its 3-year average of 5.8x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 14% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Insurance industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| BPAC11 Banco BTG Pactual | R$30.22 | 6.7% +R$9.0b | -18.0% | PE12.6x | |
| BBAS3 Banco do Brasil | R$25.43 | 5.0% +R$7.0b | -8.4% | PB0.8x | |
| BBSE3 BB Seguridade Participações | R$37.90 | 4.8% +R$3.3b | 9.4% | PE8.6x | |
| B3SA3 B3 - Brasil Bolsa Balcão | R$10.32 | 5.4% +R$2.9b | -23.4% | PE12.9x | |
| CXSE3 Caixa Seguridade Participações | R$14.44 | 2.3% +R$990.0m | 3.7% | PE12.3x |