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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedJan 27, 2023
DataAggregated Company Financials
Companies18
  • 7D-1.1%
  • 3M-12.2%
  • 1Y-13.4%
  • YTD2.4%

Over the last 7 days, the Banks industry has dropped 1.7%. Overall the industry is down 13% in 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Jan 2023R$722.9bR$373.7bR$116.9b7.3x6.2x1.9x
Sun, 25 Dec 2022R$713.3bR$373.9bR$117.0b7x6.1x1.9x
Tue, 22 Nov 2022R$725.0bR$381.3bR$117.4b6.3x6.2x1.9x
Thu, 20 Oct 2022R$831.1bR$371.9bR$112.0b7.7x7.4x2.2x
Sat, 17 Sep 2022R$774.9bR$371.6bR$112.0b7.4x6.9x2.1x
Mon, 15 Aug 2022R$798.5bR$371.1bR$112.3b7.6x7.1x2.2x
Wed, 13 Jul 2022R$684.5bR$370.2bR$105.8b7x6.5x1.8x
Fri, 10 Jun 2022R$755.0bR$370.2bR$105.8b7.7x7.1x2x
Sun, 08 May 2022R$735.2bR$365.2bR$101.5b7.3x7.2x2x
Tue, 05 Apr 2022R$826.8bR$363.4bR$101.6b8.2x8.1x2.3x
Thu, 03 Mar 2022R$766.5bR$361.3bR$100.3b7.5x7.6x2.1x
Sat, 29 Jan 2022R$790.0bR$370.1bR$101.6b7.6x7.8x2.1x
Mon, 27 Dec 2021R$709.6bR$370.1bR$101.6b7.2x7x1.9x
Wed, 24 Nov 2021R$747.6bR$369.7bR$101.4b7.1x7.4x2x
Fri, 22 Oct 2021R$807.5bR$358.7bR$95.4b8.3x8.5x2.3x
Sun, 19 Sep 2021R$849.1bR$358.7bR$95.4b8.2x8.9x2.4x
Tue, 17 Aug 2021R$922.1bR$360.1bR$95.6b8x9.6x2.6x
Tue, 01 Jun 2021R$969.8bR$320.2bR$78.6b11x12.3x3x
Fri, 05 Mar 2021R$829.7bR$259.0bR$71.2b10.1x11.7x3.2x
Mon, 07 Dec 2020R$852.6bR$242.7bR$73.7b9.6x11.6x3.5x
Thu, 10 Sep 2020R$732.6bR$241.8bR$77.6b8x9.4x3x
Wed, 03 Jun 2020R$675.1bR$265.5bR$89.6b6.6x7.5x2.5x
Sat, 07 Mar 2020R$958.1bR$320.8bR$97.2b9.3x9.9x3x
Price to Earnings Ratio

10.4x


Total Market Cap: R$1.0tTotal Earnings: R$97.2bTotal Revenue: R$320.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 8.9x202120222023
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 6.2x which is lower than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 2.6x 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 6.4% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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 Market1.78%
Financials-0.40%
Banks-1.11%
Regional Banks2.70%
Diversified Banks-1.17%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.9x.
    • Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings growth of 2.7% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 8.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings growth rate of 2.7% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 10% 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$40.631.4%
+R$1.6b
25.1%PB0.8x
BEES3 Banestes - Banco do Estado do EspĂ­rito SantoR$6.072.9%
+R$53.7m
20.2%PB1x
BAZA3 Banco da AmazĂ´niaR$52.801.7%
+R$50.5m
32.0%PB0.6x
RPAD3 Alfa HoldingsR$6.801.2%
+R$6.8m
7.8%PB0.5x
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Latest News

BEES3

R$6.07

Banestes - Banco do Estado do EspĂ­rito Santo

7D

2.9%

1Y

20.2%

RPAD3

R$6.80

Alfa Holdings

7D

1.2%

1Y

7.8%

BBAS3

R$40.63

Banco do Brasil

7D

1.4%

1Y

25.1%

BAZA3

R$52.80

Banco da AmazĂ´nia

7D

1.7%

1Y

32.0%