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Brazilian (BOVESPA) Capital Markets Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies11
  • 7D-0.9%
  • 3M-22.5%
  • 1Y-10.3%
  • YTD-18.5%

Over the last 7 days, the Capital Markets industry has remained flat, although notably TC Traders Club gained 23%. As for the longer term, the industry has declined 8.1% in the last year.

Industry Valuation and Performance

Has the Brazilian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021R$211.6bR$30.5bR$11.6b25.4x
Thu, 28 Oct 2021R$222.8bR$28.1bR$10.2b31.6x
Sat, 25 Sep 2021R$254.1bR$28.1bR$10.2b36x
Mon, 23 Aug 2021R$264.4bR$28.4bR$10.2b30.3x
Sat, 10 Jul 2021R$286.0bR$28.3bR$10.2b29.4x
Fri, 02 Apr 2021R$230.5bR$23.1bR$8.8b25.4x
Mon, 04 Jan 2021R$237.5bR$20.3bR$8.1b30.1x
Thu, 08 Oct 2020R$206.6bR$15.3bR$7.7b40.3x
Wed, 01 Jul 2020R$200.1bR$13.6bR$7.3b27.8x
Sat, 04 Apr 2020R$121.0bR$12.4bR$7.0b17.7x
Tue, 07 Jan 2020R$184.8bR$13.6bR$6.8b25x
Mon, 30 Sep 2019R$150.9bR$11.2bR$5.8b22.1x
Thu, 04 Jul 2019R$129.4bR$10.0bR$5.1b26x
Sun, 07 Apr 2019R$112.1bR$8.5bR$4.8b23.3x
Wed, 09 Jan 2019R$76.6bR$8.3bR$4.5b12.9x
PE Ratio

25.7x

Total Market Cap: R$78.5bTotal Earnings: R$4.5bTotal Revenue: R$9.3b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 27.6x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Capital Markets industry have grown 37% per year over the last three years, and revenues for these companies have grown 49% 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 Capital Markets industry?

Diversified Capital Markets1.07%
Investment Banking and Brokerage-1.46%
Asset Management-2.07%
Financial Exchanges and Data-4.01%

Industry PE: Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 44.3x. However analysts are expecting annual earnings growth of 8.7%, which is lower than the prior year's growth of 21% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 16.7x.

Forecasted Growth: Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 20% over the next 5 years. However this is lower than its past earnings growth rate of 83% per year. Meanwhile, the Financial Exchanges and Data industry is expected to see its earnings grow by 8.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
BPAC3 Banco BTG Pactual1.1%+R$1.6b19.9%PE26.1x
TRAD3 TC Traders Club22.2%+R$405.6mn/aPE191.1x
G2DI33 G2D Investments3.0%+R$18.4mn/an/a
BAHI3 Bahema Educação2.5%+R$5.2m-7.2%PS0.9x
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