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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies16
  • 7D-1.9%
  • 3M-13.9%
  • 1Y-14.1%
  • YTD-14.4%

Over the last 7 days, the Banks industry has dropped 1.9%, driven by Banco do Brasil declining 1.8%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024R$770.2bR$407.4bR$116.7b5.9x6.6x1.9x
Tue, 19 Nov 2024R$837.1bR$407.0bR$116.7b6.4x7.2x2.1x
Thu, 17 Oct 2024R$882.0bR$397.0bR$112.7b6.9x7.8x2.2x
Sat, 14 Sep 2024R$932.3bR$397.0bR$112.7b7.5x8.3x2.3x
Mon, 12 Aug 2024R$866.4bR$395.1bR$112.1b8.1x7.7x2.2x
Wed, 10 Jul 2024R$818.6bR$388.7bR$108.8b7.6x7.5x2.1x
Fri, 07 Jun 2024R$826.0bR$388.9bR$108.8b7.9x7.6x2.1x
Sun, 05 May 2024R$848.4bR$379.8bR$104.1b8.8x8.1x2.2x
Tue, 02 Apr 2024R$861.2bR$379.0bR$105.4b8.4x8.2x2.3x
Thu, 29 Feb 2024R$886.3bR$377.3bR$105.6b9.4x8.4x2.3x
Sat, 27 Jan 2024R$869.3bR$365.1bR$108.1b9.5x8x2.4x
Mon, 25 Dec 2023R$897.8bR$365.0bR$108.1b9.3x8.3x2.5x
Wed, 22 Nov 2023R$835.9bR$365.4bR$108.1b8.1x7.7x2.3x
Fri, 20 Oct 2023R$756.7bR$363.0bR$109.0b8.4x6.9x2.1x
Sun, 17 Sep 2023R$773.7bR$363.1bR$109.2b8.5x7.1x2.1x
Tue, 15 Aug 2023R$778.1bR$363.4bR$108.7b8.7x7.2x2.1x
Thu, 13 Jul 2023R$806.4bR$364.7bR$112.5b8.4x7.2x2.2x
Sat, 10 Jun 2023R$805.3bR$364.3bR$112.3b8.9x7.2x2.2x
Mon, 08 May 2023R$731.9bR$361.2bR$111.0b6.8x6.6x2x
Wed, 05 Apr 2023R$677.6bR$380.0bR$111.0b6.8x6.1x1.8x
Fri, 03 Mar 2023R$673.7bR$387.8bR$110.2b6.6x6.1x1.7x
Sun, 29 Jan 2023R$709.0bR$373.7bR$116.9b7x6.1x1.9x
Tue, 27 Dec 2022R$704.5bR$373.9bR$117.0b7.1x6x1.9x
Thu, 24 Nov 2022R$716.0bR$381.8bR$118.1b6.2x6.1x1.9x
Sat, 22 Oct 2022R$866.9bR$371.9bR$112.0b8x7.7x2.3x
Mon, 19 Sep 2022R$774.9bR$371.6bR$112.0b7.4x6.9x2.1x
Wed, 17 Aug 2022R$801.4bR$371.1bR$112.3b7.5x7.1x2.2x
Fri, 15 Jul 2022R$667.6bR$370.2bR$105.8b6.8x6.3x1.8x
Sun, 12 Jun 2022R$743.5bR$370.2bR$105.8b7.4x7x2x
Tue, 10 May 2022R$733.7bR$365.2bR$101.5b7.4x7.2x2x
Thu, 07 Apr 2022R$802.5bR$363.4bR$101.6b7.9x7.9x2.2x
Sat, 05 Mar 2022R$752.9bR$360.6bR$100.4b7.4x7.5x2.1x
Mon, 31 Jan 2022R$790.0bR$370.1bR$101.6b7.6x7.8x2.1x
Wed, 29 Dec 2021R$716.7bR$370.1bR$101.6b7.1x7.1x1.9x
Price to Earnings Ratio

7.1x


Total Market Cap: R$716.7bTotal Earnings: R$101.6bTotal Revenue: R$370.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Brazilian Banks 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 6.5x which is lower than its 3-year average PE of 7.3x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.7% 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 Market-2.98%
Financials-2.10%
Banks-1.90%
Diversified Banks-1.90%
Regional Banks-2.06%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 7.3x.
    • Analysts are expecting annual earnings growth of 14.9%, 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 6.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified 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 Diversified Banks industry is expected to see its earnings grow by 15% 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
BEES3 Banestes - Banco do Estado do Espírito SantoR$8.423.7%
+R$94.8m		-6.7%PB1.2x
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