Brazilian (BOVESPA) Banks Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies17
- 7D-0.6%
- 3M-4.0%
- 1Y10.0%
- YTD-6.7%
The Banks industry is up 2.3% in the last week, with Banco do Brasil up 2.4%. During this same period, the Banestes - Banco do Estado do Espírito Santo underperformed, falling 6.7%. In the last 12 months, the industry was up 13%. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Brazilian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | R$859.9b | R$388.0b | R$108.0b | 8.6x | 8x | 2.2x |
| Sun, 07 Apr 2024 | R$858.3b | R$379.0b | R$105.4b | 8.6x | 8.1x | 2.3x |
| Tue, 05 Mar 2024 | R$866.4b | R$377.3b | R$105.6b | 9.2x | 8.2x | 2.3x |
| Thu, 01 Feb 2024 | R$867.9b | R$365.1b | R$108.1b | 9.6x | 8x | 2.4x |
| Sat, 30 Dec 2023 | R$913.7b | R$365.1b | R$108.1b | 9.6x | 8.5x | 2.5x |
| Mon, 27 Nov 2023 | R$842.1b | R$364.9b | R$108.1b | 8.7x | 7.8x | 2.3x |
| Wed, 25 Oct 2023 | R$756.7b | R$363.0b | R$109.0b | 8.4x | 6.9x | 2.1x |
| Fri, 22 Sep 2023 | R$755.1b | R$362.8b | R$109.0b | 8.4x | 6.9x | 2.1x |
| Sun, 20 Aug 2023 | R$770.0b | R$363.4b | R$109.1b | 9.1x | 7.1x | 2.1x |
| Tue, 18 Jul 2023 | R$821.0b | R$364.7b | R$112.5b | 8.5x | 7.3x | 2.3x |
| Thu, 15 Jun 2023 | R$811.0b | R$364.3b | R$112.3b | 8.8x | 7.2x | 2.2x |
| Sat, 13 May 2023 | R$764.4b | R$360.8b | R$111.7b | 7.9x | 6.8x | 2.1x |
| Mon, 10 Apr 2023 | R$672.9b | R$380.0b | R$111.0b | 6.7x | 6.1x | 1.8x |
| Wed, 08 Mar 2023 | R$694.0b | R$379.7b | R$113.0b | 6.9x | 6.1x | 1.8x |
| Fri, 03 Feb 2023 | R$705.0b | R$373.7b | R$116.9b | 6.9x | 6x | 1.9x |
| Sun, 01 Jan 2023 | R$710.4b | R$373.5b | R$116.9b | 7.1x | 6.1x | 1.9x |
| Tue, 29 Nov 2022 | R$714.6b | R$374.1b | R$117.1b | 6.6x | 6.1x | 1.9x |
| Thu, 27 Oct 2022 | R$789.7b | R$371.9b | R$112.0b | 7.2x | 7.1x | 2.1x |
| Sat, 24 Sep 2022 | R$810.9b | R$371.6b | R$112.0b | 7.8x | 7.2x | 2.2x |
| Mon, 22 Aug 2022 | R$785.3b | R$371.5b | R$111.9b | 7.5x | 7x | 2.1x |
| Wed, 20 Jul 2022 | R$677.5b | R$370.2b | R$105.8b | 6.9x | 6.4x | 1.8x |
| Fri, 17 Jun 2022 | R$729.6b | R$370.2b | R$105.8b | 7.1x | 6.9x | 2x |
| Sun, 15 May 2022 | R$760.4b | R$370.8b | R$104.3b | 7.2x | 7.3x | 2.1x |
| Tue, 12 Apr 2022 | R$805.5b | R$364.0b | R$101.8b | 7.8x | 7.9x | 2.2x |
| Thu, 10 Mar 2022 | R$773.7b | R$361.6b | R$100.4b | 7.7x | 7.7x | 2.1x |
| Sat, 05 Feb 2022 | R$795.6b | R$370.1b | R$101.6b | 7.7x | 7.8x | 2.1x |
| Mon, 03 Jan 2022 | R$704.3b | R$370.1b | R$101.6b | 7x | 6.9x | 1.9x |
| Wed, 01 Dec 2021 | R$760.5b | R$369.9b | R$101.6b | 7.2x | 7.5x | 2.1x |
| Fri, 29 Oct 2021 | R$783.7b | R$358.7b | R$95.4b | 7.9x | 8.2x | 2.2x |
| Sun, 26 Sep 2021 | R$859.3b | R$358.7b | R$95.4b | 8.3x | 9x | 2.4x |
| Tue, 24 Aug 2021 | R$948.8b | R$360.1b | R$95.6b | 8.4x | 9.9x | 2.6x |
| Wed, 30 Jun 2021 | R$973.5b | R$360.1b | R$95.6b | 8.9x | 10.2x | 2.7x |
Price to Earnings Ratio
12.3x
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 7.6x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 6.4% 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 | -0.27% | |
| Financials | -0.73% | |
| Banks | -0.61% | |
| Diversified Banks | -0.60% | |
| Regional Banks | -1.60% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.6x.
- Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 7.0% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 7.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings growth rate of 7.0% per year.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BAZA3 Banco da Amazônia | R$101.21 | 0.2% +R$11.8m | 51.3% | PB1x |