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Brazilian (BOVESPA) Financials Sector Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies37
  • 7D-2.1%
  • 3M-12.3%
  • 1Y-13.1%
  • YTD-13.4%

Over the last 7 days, the Financials industry has dropped 2.1%, driven by Banco BTG Pactual declining 4.8%. However, the industry is down 13% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024R$1.1tR$523.8bR$150.3b6.9x7.4x2.1x
Tue, 19 Nov 2024R$1.2tR$522.1bR$150.3b7.6x8x2.3x
Thu, 17 Oct 2024R$1.3tR$509.6bR$145.2b7.8x8.6x2.5x
Sat, 14 Sep 2024R$1.3tR$509.6bR$145.2b8.2x9.1x2.6x
Mon, 12 Aug 2024R$1.3tR$516.1bR$146.6b8.2x8.6x2.5x
Wed, 10 Jul 2024R$1.2tR$509.3bR$143.1b8x8.3x2.3x
Fri, 07 Jun 2024R$1.2tR$512.5bR$143.2b8x8.6x2.4x
Sun, 05 May 2024R$1.3tR$501.1bR$137.1b8.7x9.3x2.5x
Tue, 02 Apr 2024R$1.3tR$500.4bR$138.4b9.2x9.3x2.6x
Thu, 29 Feb 2024R$1.3tR$500.3bR$138.6b10.3x9.5x2.6x
Sat, 27 Jan 2024R$1.3tR$508.3bR$139.8b10.4x9.3x2.6x
Mon, 25 Dec 2023R$1.3tR$508.3bR$139.8b10x9.5x2.6x
Wed, 22 Nov 2023R$1.2tR$510.3bR$139.5b8.5x8.8x2.4x
Fri, 20 Oct 2023R$1.1tR$504.7bR$139.0b8.4x8x2.2x
Sun, 17 Sep 2023R$1.2tR$504.8bR$139.1b8.5x8.4x2.3x
Tue, 15 Aug 2023R$1.2tR$503.6bR$137.3b9.3x8.5x2.3x
Thu, 13 Jul 2023R$1.2tR$506.8bR$139.7b9x8.6x2.4x
Sat, 10 Jun 2023R$1.2tR$506.5bR$139.6b9.1x8.6x2.4x
Mon, 08 May 2023R$1.1tR$499.5bR$137.1b8.6x7.9x2.2x
Wed, 05 Apr 2023R$994.5bR$518.4bR$136.9b8.1x7.3x1.9x
Fri, 03 Mar 2023R$978.9bR$514.2bR$133.8b8.7x7.3x1.9x
Sun, 29 Jan 2023R$1.0tR$495.7bR$140.1b9.3x7.4x2.1x
Tue, 27 Dec 2022R$1.0tR$495.9bR$140.2b9.2x7.5x2.1x
Thu, 24 Nov 2022R$1.0tR$498.7bR$141.3b9.5x7.4x2.1x
Sat, 22 Oct 2022R$1.2tR$487.7bR$133.7b11.4x9.3x2.5x
Mon, 19 Sep 2022R$1.1tR$487.4bR$133.7b11.4x8.4x2.3x
Wed, 17 Aug 2022R$1.2tR$487.0bR$135.6b11.7x8.6x2.4x
Fri, 15 Jul 2022R$964.7bR$480.7bR$128.6b7.9x7.5x2x
Sun, 12 Jun 2022R$1.1tR$480.6bR$128.5b8.5x8.2x2.2x
Tue, 10 May 2022R$1.1tR$469.7bR$123.2b8.7x8.5x2.2x
Thu, 07 Apr 2022R$1.2tR$464.7bR$123.2b8.9x9.4x2.5x
Sat, 05 Mar 2022R$1.1tR$458.1bR$121.2b8.9x9x2.4x
Mon, 31 Jan 2022R$1.1tR$468.1bR$121.0b8.9x9.3x2.4x
Wed, 29 Dec 2021R$1.0tR$468.2bR$121.0b8.7x8.5x2.2x
Price to Earnings Ratio

8.5x


Total Market Cap: R$1.0tTotal Earnings: R$121.0bTotal Revenue: R$468.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Brazilian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.4x which is lower than its 3-year average PE 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-3.14%
Financials-2.10%
Diversified Financial1.78%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Insurance-1.85%
Banks-1.90%
Capital Markets-3.37%
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 (13.0%) 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 15% 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 7.4% 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
B3SA3 B3 - Brasil Bolsa BalcãoR$10.270.5%
+R$269.7m		-29.2%PE12.8x
BNBR3 Banco do Nordeste do BrasilR$94.002.5%
+R$226.0m		-14.5%PE4.3x
BEES3 Banestes - Banco do Estado do Espírito SantoR$8.423.7%
+R$94.8m		-6.7%PB1.2x
CSUD3 CSU DigitalR$15.235.8%
+R$34.3m		-21.2%PE6.8x
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PSSA3

R$37.53

Porto Seguro

7D

-2.9%

1Y

29.2%

BBAS3

R$24.08

Banco do Brasil

7D

-1.8%

1Y

-11.5%

B3SA3

R$10.27

B3 - Brasil Bolsa Balcão

7D

0.5%

1Y

-29.2%

CSUD3

R$15.23

CSU Digital

7D

5.8%

1Y

-21.2%

CXSE3

R$15.13

Caixa Seguridade Participações

7D

-3.4%

1Y

20.1%

RPAD3

R$6.08

Alfa Holdings

7D

-10.6%

1Y

-22.9%

BNBR3

R$94.00

Banco do Nordeste do Brasil

7D

2.5%

1Y

-14.5%

BBSE3

R$36.53

BB Seguridade Participações

7D

-0.3%

1Y

9.5%

BPAC11

R$28.73

Banco BTG Pactual

7D

-4.8%

1Y

-21.9%

TRAD3

R$6.11

TC

7D

-13.7%

1Y

-1.9%

IRBR3

R$37.59

IRB-Brasil Resseguros

7D

-4.8%

1Y

-17.5%

BEES3

R$8.42

Banestes - Banco do Estado do Espírito Santo

7D

3.7%

1Y

-6.7%