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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies16
  • 7D0.7%
  • 3M-8.8%
  • 1Y0.4%
  • YTD-5.9%

In the last week, Banks has been flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024R$842.6bR$407.0bR$116.7b6.3x7.2x2.1x
Sat, 19 Oct 2024R$884.0bR$397.0bR$112.7b7.1x7.8x2.2x
Mon, 16 Sep 2024R$932.3bR$397.0bR$112.7b7.5x8.3x2.3x
Wed, 14 Aug 2024R$890.7bR$395.1bR$112.1b8.3x7.9x2.3x
Fri, 12 Jul 2024R$837.4bR$388.7bR$108.8b7.7x7.7x2.2x
Sun, 09 Jun 2024R$814.9bR$388.9bR$108.8b7.9x7.5x2.1x
Tue, 07 May 2024R$848.9bR$379.8bR$104.1b8.7x8.2x2.2x
Thu, 04 Apr 2024R$862.4bR$379.0bR$105.4b8.6x8.2x2.3x
Sat, 02 Mar 2024R$869.4bR$377.3bR$105.6b9.3x8.2x2.3x
Mon, 29 Jan 2024R$877.1bR$365.1bR$108.1b9.5x8.1x2.4x
Wed, 27 Dec 2023R$897.8bR$365.0bR$108.1b9.4x8.3x2.5x
Fri, 24 Nov 2023R$840.0bR$364.9bR$108.1b8.7x7.8x2.3x
Sun, 22 Oct 2023R$755.0bR$363.0bR$109.0b8.4x6.9x2.1x
Tue, 19 Sep 2023R$772.6bR$362.8bR$109.0b8.5x7.1x2.1x
Thu, 17 Aug 2023R$775.2bR$363.1bR$109.2b8.8x7.1x2.1x
Sat, 15 Jul 2023R$810.0bR$364.7bR$112.5b8.4x7.2x2.2x
Mon, 12 Jun 2023R$805.3bR$364.3bR$112.3b8.9x7.2x2.2x
Wed, 10 May 2023R$743.8bR$360.8bR$111.7b7.1x6.7x2.1x
Fri, 07 Apr 2023R$672.9bR$380.0bR$111.0b6.7x6.1x1.8x
Sun, 05 Mar 2023R$674.9bR$387.8bR$110.2b6.8x6.1x1.7x
Tue, 31 Jan 2023R$711.8bR$373.7bR$116.9b7.1x6.1x1.9x
Thu, 29 Dec 2022R$711.2bR$373.5bR$116.9b7x6.1x1.9x
Sat, 26 Nov 2022R$717.8bR$375.4bR$117.1b6.5x6.1x1.9x
Mon, 24 Oct 2022R$866.9bR$371.9bR$112.0b8x7.7x2.3x
Wed, 21 Sep 2022R$815.2bR$371.6bR$112.0b7.8x7.3x2.2x
Fri, 19 Aug 2022R$797.8bR$371.5bR$111.9b7.6x7.1x2.1x
Sun, 17 Jul 2022R$677.5bR$370.2bR$105.8b6.9x6.4x1.8x
Tue, 14 Jun 2022R$728.9bR$370.2bR$105.8b7.2x6.9x2x
Thu, 12 May 2022R$743.4bR$365.4bR$101.6b7.5x7.3x2x
Sat, 09 Apr 2022R$807.5bR$361.2bR$101.8b7.9x7.9x2.2x
Mon, 07 Mar 2022R$752.6bR$361.6bR$100.4b7.4x7.5x2.1x
Wed, 02 Feb 2022R$804.0bR$370.1bR$101.6b7.7x7.9x2.2x
Fri, 31 Dec 2021R$708.8bR$370.1bR$101.6b6.9x7x1.9x
Sun, 28 Nov 2021R$761.9bR$369.7bR$101.4b7x7.5x2.1x
Price to Earnings Ratio

7.5x


Total Market Cap: R$761.9bTotal Earnings: R$101.4bTotal Revenue: R$369.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.3x202220232024
Current Industry PE
  • Investors are relatively neutral on the Brazilian Banks 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 7.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.8% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 industry?

BR Market0.30%
Financials0.58%
Banks0.73%
Regional Banks1.29%
Diversified Banks0.72%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.3x.
    • Analysts are expecting annual earnings growth of 15.5%, which is lower than the prior year's growth of 17.4% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 16% 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
BBAS3 Banco do BrasilR$25.851.9%
+R$2.7b		1.3%PB0.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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