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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies16
  • 7D1.3%
  • 3M-6.9%
  • 1Y0.5%
  • YTD-8.7%

In the last week, Banks has been flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Jun 2024R$814.6bR$388.7bR$108.8b7.4x7.5x2.1x
Sun, 26 May 2024R$824.4bR$389.0bR$108.8b8x7.6x2.1x
Tue, 23 Apr 2024R$824.9bR$378.6bR$105.4b8.5x7.8x2.2x
Thu, 21 Mar 2024R$874.4bR$379.0bR$105.4b8.7x8.3x2.3x
Sat, 17 Feb 2024R$871.2bR$377.3bR$106.4b9x8.2x2.3x
Mon, 15 Jan 2024R$885.6bR$365.1bR$108.1b9.5x8.2x2.4x
Wed, 13 Dec 2023R$863.9bR$365.0bR$108.1b8.9x8x2.4x
Fri, 10 Nov 2023R$809.4bR$363.7bR$108.4b8.7x7.5x2.2x
Sun, 08 Oct 2023R$770.8bR$363.0bR$109.0b8.5x7.1x2.1x
Tue, 05 Sep 2023R$771.6bR$363.1bR$109.2b8.5x7.1x2.1x
Thu, 03 Aug 2023R$813.3bR$363.9bR$109.9b9.1x7.4x2.2x
Sat, 01 Jul 2023R$821.1bR$364.7bR$112.5b8.6x7.3x2.3x
Mon, 29 May 2023R$767.9bR$364.6bR$112.4b7.4x6.8x2.1x
Wed, 26 Apr 2023R$713.8bR$380.0bR$111.0b7x6.4x1.9x
Fri, 24 Mar 2023R$646.5bR$381.3bR$111.1b6.5x5.8x1.7x
Sun, 19 Feb 2023R$739.0bR$387.6bR$110.2b6.9x6.7x1.9x
Tue, 17 Jan 2023R$711.2bR$373.7bR$116.9b7.1x6.1x1.9x
Thu, 15 Dec 2022R$658.5bR$374.1bR$117.0b6.5x5.6x1.8x
Sat, 12 Nov 2022R$731.3bR$369.1bR$109.9b6.9x6.7x2x
Mon, 10 Oct 2022R$829.9bR$371.9bR$112.0b7.9x7.4x2.2x
Wed, 07 Sep 2022R$779.6bR$371.5bR$111.9b7.3x7x2.1x
Fri, 05 Aug 2022R$734.5bR$364.0bR$107.0b7.2x6.9x2x
Sun, 03 Jul 2022R$694.0bR$370.2bR$105.8b7.3x6.6x1.9x
Tue, 31 May 2022R$791.8bR$371.2bR$105.8b8x7.5x2.1x
Thu, 28 Apr 2022R$751.4bR$365.2bR$101.5b7.6x7.4x2.1x
Sat, 26 Mar 2022R$834.6bR$361.6bR$100.4b8.5x8.3x2.3x
Mon, 21 Feb 2022R$804.9bR$366.2bR$100.5b7.9x8x2.2x
Wed, 19 Jan 2022R$752.2bR$370.1bR$101.6b7.6x7.4x2x
Fri, 17 Dec 2021R$743.6bR$370.1bR$101.6b7.1x7.3x2x
Sun, 14 Nov 2021R$782.3bR$368.3bR$99.0b7.3x7.9x2.1x
Tue, 12 Oct 2021R$809.3bR$358.7bR$95.4b8.4x8.5x2.3x
Thu, 09 Sep 2021R$880.8bR$358.7bR$95.4b8.4x9.2x2.5x
Sat, 07 Aug 2021R$956.0bR$360.1bR$95.6b8.8x10x2.7x
Price to Earnings Ratio

10.2x


Total Market Cap: R$973.5bTotal Earnings: R$95.6bTotal Revenue: R$360.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.5x202220232024
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 7.5x.
  • 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 4.4% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 Market2.22%
Financials0.82%
Banks1.26%
Regional Banks1.73%
Diversified Banks1.25%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 7.5x.
    • Analysts are expecting annual earnings growth of 14.0%, which is higher than its past year's earnings growth of 10.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 7.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 14% 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$26.700.3%
+R$513.7m		8.1%PB0.9x
BAZA3 Banco da AmazôniaR$89.624.5%
+R$216.4m		26.3%PB0.8x
BEES3 Banestes - Banco do Estado do Espírito SantoR$9.063.9%
+R$107.4m		-0.4%PB1.3x
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Latest News

BEES3

R$9.06

Banestes - Banco do Estado do Espírito Santo

7D

3.9%

1Y

-0.4%

BBAS3

R$26.70

Banco do Brasil

7D

0.3%

1Y

8.1%

Banco do Brasil's (BVMF:BBAS3) Dividend Will Be Reduced To R$0.2042

Jun 13
Banco do Brasil's (BVMF:BBAS3) Dividend Will Be Reduced To R$0.2042

BAZA3

R$89.62

Banco da Amazônia

7D

4.5%

1Y

26.3%