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Brazilian (BOVESPA) Capital Markets Industry Analysis
UpdatedJan 12, 2025
DataAggregated Company Financials
Companies13
- 7D1.7%
- 3M-13.5%
- 1Y-28.3%
- YTD0.5%
The Capital Markets industry is up 1.7% in the last week, with Banco BTG Pactual up 3.8%. However, the industry is down 28% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Brazilian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 12 Jan 2025 | R$186.5b | R$9.8b | R$4.1b | 11.4x | 45.6x | 19x |
| Tue, 10 Dec 2024 | R$201.0b | R$47.0b | R$17.0b | 11.3x | 11.8x | 4.3x |
| Thu, 07 Nov 2024 | R$218.2b | R$42.3b | R$15.1b | 11.6x | 14.5x | 5.2x |
| Sat, 05 Oct 2024 | R$213.9b | R$42.3b | R$15.1b | 10.6x | 14.2x | 5.1x |
| Mon, 02 Sep 2024 | R$240.2b | R$42.3b | R$15.1b | 10.5x | 15.9x | 5.7x |
| Wed, 31 Jul 2024 | R$213.2b | R$41.8b | R$14.5b | 10.2x | 14.7x | 5.1x |
| Fri, 28 Jun 2024 | R$227.1b | R$41.8b | R$14.5b | 9.4x | 15.7x | 5.4x |
| Sun, 26 May 2024 | R$230.2b | R$41.8b | R$14.5b | 9.9x | 15.9x | 5.5x |
| Tue, 23 Apr 2024 | R$234.9b | R$41.1b | R$13.9b | 10.8x | 16.9x | 5.7x |
| Thu, 21 Mar 2024 | R$260.5b | R$40.6b | R$14.0b | 10.7x | 18.7x | 6.4x |
| Sat, 17 Feb 2024 | R$265.0b | R$40.7b | R$14.1b | 10.6x | 18.9x | 6.5x |
| Mon, 15 Jan 2024 | R$266.0b | R$38.4b | R$13.0b | 7.9x | 20.5x | 6.9x |
| Wed, 13 Dec 2023 | R$246.8b | R$38.4b | R$13.0b | 8x | 19x | 6.4x |
| Fri, 10 Nov 2023 | R$234.9b | R$38.0b | R$12.5b | 8.2x | 18.8x | 6.2x |
| Sun, 08 Oct 2023 | R$218.5b | R$38.0b | R$12.5b | 8.4x | 17.5x | 5.7x |
| Tue, 05 Sep 2023 | R$229.6b | R$38.0b | R$12.5b | 7.6x | 18.4x | 6x |
| Thu, 03 Aug 2023 | R$251.0b | R$40.7b | R$12.2b | 12x | 20.6x | 6.2x |
| Sat, 01 Jul 2023 | R$238.9b | R$40.7b | R$12.2b | 10.8x | 19.6x | 5.9x |
| Mon, 29 May 2023 | R$217.1b | R$40.7b | R$12.2b | 9.3x | 17.8x | 5.3x |
| Wed, 26 Apr 2023 | R$185.0b | R$40.0b | R$12.1b | 9.9x | 15.2x | 4.6x |
| Fri, 24 Mar 2023 | R$162.7b | R$39.9b | R$12.2b | 12.4x | 13.4x | 4.1x |
| Sun, 19 Feb 2023 | R$178.0b | R$40.0b | R$12.2b | 13.6x | 14.6x | 4.5x |
| Tue, 17 Jan 2023 | R$195.8b | R$38.4b | R$12.4b | 13.5x | 15.8x | 5.1x |
| Thu, 15 Dec 2022 | R$191.4b | R$38.4b | R$12.4b | 13.1x | 15.4x | 5x |
| Sat, 12 Nov 2022 | R$224.7b | R$38.6b | R$12.7b | 13.5x | 17.7x | 5.8x |
| Mon, 10 Oct 2022 | R$239.1b | R$35.9b | R$12.3b | 12.8x | 19.4x | 6.7x |
| Wed, 07 Sep 2022 | R$219.7b | R$36.3b | R$12.7b | 12.4x | 17.3x | 6.1x |
| Fri, 05 Aug 2022 | R$209.0b | R$35.3b | R$13.1b | 15.7x | 15.9x | 5.9x |
| Sun, 03 Jul 2022 | R$199.4b | R$35.3b | R$13.2b | 14.7x | 15.2x | 5.6x |
| Tue, 31 May 2022 | R$218.8b | R$35.2b | R$13.1b | 16.9x | 16.7x | 6.2x |
| Thu, 28 Apr 2022 | R$214.1b | R$28.5b | R$12.2b | 19.3x | 17.6x | 7.5x |
| Sat, 26 Mar 2022 | R$249.7b | R$28.9b | R$12.3b | 22.1x | 20.3x | 8.7x |
| Mon, 21 Feb 2022 | R$242.9b | R$28.5b | R$11.9b | 28.5x | 20.4x | 8.5x |
| Wed, 19 Jan 2022 | R$184.5b | R$30.5b | R$11.6b | 22x | 16x | 6.1x |
Price to Earnings Ratio
16x
Current Industry PE
- Investors are pessimistic on the Brazilian Capital Markets 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 12.2x which is lower than its 3-year average PE of 17.0x.
- The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.32% | |
| Financials | 1.62% | |
| Capital Markets | 1.74% | |
| Investment Banking and Brokerage | 5.92% | |
| Diversified Capital Markets | 3.78% | |
| Asset Management | 0.80% | |
| Financial Exchanges and Data | -2.98% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 17.1x.
- Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings growth of 2.2% per year.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 9.7% 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 | |
|---|---|---|---|---|---|
| BPAC11 Banco BTG Pactual | R$27.73 | 3.8% +R$4.8b | -27.7% | n/a | |
| FIGE3 Investimentos Bemge | R$18.00 | 88.5% +R$20.0m | n/a | PE3.8x | |
| CARE11 Brazilian Graveyard Death Care Services Fundo Investimento Imobiliario - Fii | R$1.47 | 5.0% +R$2.5m | -6.4% | n/a | |
| FAED11 Fundo de Investimento Imobiliário - FII Anhanguera Educacional | R$134.30 | 0.9% +R$830.9k | -13.4% | n/a |