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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 27 Jan 2023 | R$722.9b | R$373.7b | R$116.9b | 7.3x | 6.2x | 1.9x |
| Sun, 25 Dec 2022 | R$713.3b | R$373.9b | R$117.0b | 7x | 6.1x | 1.9x |
| Tue, 22 Nov 2022 | R$725.0b | R$381.3b | R$117.4b | 6.3x | 6.2x | 1.9x |
| Thu, 20 Oct 2022 | R$831.1b | R$371.9b | R$112.0b | 7.7x | 7.4x | 2.2x |
| Sat, 17 Sep 2022 | R$774.9b | R$371.6b | R$112.0b | 7.4x | 6.9x | 2.1x |
| Mon, 15 Aug 2022 | R$798.5b | R$371.1b | R$112.3b | 7.6x | 7.1x | 2.2x |
| Wed, 13 Jul 2022 | R$684.5b | R$370.2b | R$105.8b | 7x | 6.5x | 1.8x |
| Fri, 10 Jun 2022 | R$755.0b | R$370.2b | R$105.8b | 7.7x | 7.1x | 2x |
| Sun, 08 May 2022 | R$735.2b | R$365.2b | R$101.5b | 7.3x | 7.2x | 2x |
| Tue, 05 Apr 2022 | R$826.8b | R$363.4b | R$101.6b | 8.2x | 8.1x | 2.3x |
| Thu, 03 Mar 2022 | R$766.5b | R$361.3b | R$100.3b | 7.5x | 7.6x | 2.1x |
| Sat, 29 Jan 2022 | R$790.0b | R$370.1b | R$101.6b | 7.6x | 7.8x | 2.1x |
| Mon, 27 Dec 2021 | R$709.6b | R$370.1b | R$101.6b | 7.2x | 7x | 1.9x |
| Wed, 24 Nov 2021 | R$747.6b | R$369.7b | R$101.4b | 7.1x | 7.4x | 2x |
| Fri, 22 Oct 2021 | R$807.5b | R$358.7b | R$95.4b | 8.3x | 8.5x | 2.3x |
| Sun, 19 Sep 2021 | R$849.1b | R$358.7b | R$95.4b | 8.2x | 8.9x | 2.4x |
| Tue, 17 Aug 2021 | R$922.1b | R$360.1b | R$95.6b | 8x | 9.6x | 2.6x |
| Tue, 01 Jun 2021 | R$969.8b | R$320.2b | R$78.6b | 11x | 12.3x | 3x |
| Fri, 05 Mar 2021 | R$829.7b | R$259.0b | R$71.2b | 10.1x | 11.7x | 3.2x |
| Mon, 07 Dec 2020 | R$852.6b | R$242.7b | R$73.7b | 9.6x | 11.6x | 3.5x |
| Thu, 10 Sep 2020 | R$732.6b | R$241.8b | R$77.6b | 8x | 9.4x | 3x |
| Wed, 03 Jun 2020 | R$675.1b | R$265.5b | R$89.6b | 6.6x | 7.5x | 2.5x |
| Sat, 07 Mar 2020 | R$958.1b | R$320.8b | R$97.2b | 9.3x | 9.9x | 3x |
Price to Earnings Ratio
10.4x
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 Market | 1.78% | |
| Financials | -0.40% | |
| Banks | -1.11% | |
| Regional Banks | 2.70% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BBAS3 Banco do Brasil | R$40.63 | 1.4% +R$1.6b | 25.1% | PB0.8x | |
| BEES3 Banestes - Banco do Estado do Espírito Santo | R$6.07 | 2.9% +R$53.7m | 20.2% | PB1x | |
| BAZA3 Banco da Amazônia | R$52.80 | 1.7% +R$50.5m | 32.0% | PB0.6x | |
| RPAD3 Alfa Holdings | R$6.80 | 1.2% +R$6.8m | 7.8% | PB0.5x |