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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies43
  • 7D-3.1%
  • 3M3.5%
  • 1Y14.5%
  • YTD5.8%

Over the last 7 days, the Industrials industry has dropped 3.1%, driven by a pullback from WEG of 6.6%. Over the past 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the Brazilian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026R$488.7bR$342.3bR$19.2b13x25.5x1.4x
Fri, 20 Mar 2026R$451.0bR$344.5bR$18.6b10.5x24.2x1.3x
Sun, 15 Feb 2026R$517.1bR$341.8bR$18.4b11.3x28.1x1.5x
Tue, 13 Jan 2026R$465.0bR$344.8bR$18.4b10.7x25.3x1.3x
Thu, 11 Dec 2025R$466.1bR$344.8bR$18.4b10.2x25.3x1.4x
Sat, 08 Nov 2025R$448.2bR$341.8bR$21.0b10.2x21.4x1.3x
Mon, 06 Oct 2025R$417.8bR$343.5bR$21.0b8.9x19.9x1.2x
Wed, 03 Sep 2025R$433.6bR$343.4bR$20.9b9x20.7x1.3x
Fri, 01 Aug 2025R$426.2bR$335.7bR$18.3b8.8x23.3x1.3x
Sun, 29 Jun 2025R$464.0bR$335.3bR$17.5b9.2x26.5x1.4x
Tue, 27 May 2025R$459.7bR$336.1bR$16.6b8.9x27.6x1.4x
Thu, 24 Apr 2025R$469.6bR$326.5bR$15.8b9.3x29.6x1.4x
Sat, 22 Mar 2025R$465.5bR$326.8bR$17.8b8x26.2x1.4x
Mon, 17 Feb 2025R$485.4bR$313.7bR$18.2b8.2x26.7x1.5x
Wed, 15 Jan 2025R$461.7bR$313.7bR$18.5b7.9x24.9x1.5x
Fri, 13 Dec 2024R$519.7bR$313.7bR$18.5b8.9x28x1.7x
Sun, 10 Nov 2024R$506.5bR$305.2bR$18.3b8.7x27.7x1.7x
Tue, 08 Oct 2024R$501.4bR$295.8bR$16.5b10.4x30.5x1.7x
Thu, 05 Sep 2024R$491.7bR$295.7bR$16.5b11.8x29.9x1.7x
Sat, 03 Aug 2024R$481.9bR$285.5bR$18.6b10.3x25.9x1.7x
Mon, 01 Jul 2024R$425.0bR$297.4bR$18.5b11.7x23x1.4x
Wed, 29 May 2024R$416.3bR$297.5bR$18.5b12.4x22.5x1.4x
Fri, 26 Apr 2024R$417.7bR$287.3bR$17.2b11.5x24.2x1.5x
Sun, 24 Mar 2024R$443.9bR$285.2bR$17.9b11.3x24.9x1.6x
Tue, 20 Feb 2024R$399.7bR$292.9bR$16.1b10.3x24.8x1.4x
Thu, 18 Jan 2024R$418.1bR$292.2bR$15.5b11x27x1.4x
Sat, 16 Dec 2023R$445.1bR$292.1bR$15.5b11.7x28.7x1.5x
Mon, 13 Nov 2023R$404.1bR$290.7bR$15.4b11.7x26.2x1.4x
Wed, 11 Oct 2023R$404.6bR$285.9bR$15.3b12.4x26.4x1.4x
Fri, 08 Sep 2023R$428.4bR$285.9bR$15.3b12.6x28x1.5x
Sun, 06 Aug 2023R$455.9bR$276.4bR$15.6b13x29.2x1.6x
Tue, 04 Jul 2023R$439.3bR$274.4bR$15.0b12.7x29.3x1.6x
Thu, 01 Jun 2023R$425.8bR$273.8bR$15.2b12.4x28x1.6x
Sat, 29 Apr 2023R$417.1bR$267.3bR$18.5b10.1x22.6x1.6x
Price to Earnings Ratio

22.6x


Total Market Cap: R$417.1bTotal Earnings: R$18.5bTotal Revenue: R$267.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Industrials 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 25.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Brazilian Industrials sector?

BR Market-1.26%
Industrials-3.11%
Construction4.22%
Professional Services1.95%
Machinery1.24%
Transportation0.97%
Building0%0
Logistics0%0
Airlines0%0
Infrastructure-0.75%
Industrials-1.09%
Commercial Services-1.15%
Trade Distributors-1.32%
Aerospace & Defense-2.51%
Marine and Shipping-5.42%
Electrical-6.59%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 31.7%, which is higher than its past year's earnings growth of 18.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Professional Services industry is expected to see its earnings decline by 7.6% 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
RENT3 Localiza Rent a CarR$51.981.9%
+R$1.1b		32.8%PE30.3x
SIMH3 SIMPARR$12.8512.5%
+R$610.3m		23.8%PE129.5x
VAMO3 Vamos Locação de Caminhões Máquinas e EquipamentosR$4.578.6%
+R$383.8m		-8.0%PE14.8x
MOVI3 Movida ParticipaçõesR$14.437.8%
+R$356.1m		130.9%PE15.4x
AZUL3 AzulR$30.542.3%
+R$251.8m		n/aPE89.2x

Latest News

HBSA3
R$3.67
Hidrovias do Brasil
7D
-8.5%
1Y
36.9%
ECOR3
R$10.01
EcoRodovias Infraestrutura e Logística
7D
-2.0%
1Y
58.9%

ECOR3: Fair Pricing Expected To Hold With Lower Margins And Higher P/E

Analysts have nudged their fair value estimate for EcoRodovias Infraestrutura e Logística slightly higher from R$9.50 to R$9.60. This reflects updated assumptions for revenue trajectory, profit margins, a higher future P/E multiple, and a modest adjustment to the discount rate.
RENT3
R$51.98
Localiza Rent a Car
7D
1.9%
1Y
32.8%

RENT3: Goldman Downgrade And Extraordinary Meeting Will Shape Fairly Valued Outlook

Analysts kept their fair value estimate for Localiza Rent a Car steady at R$50, while modest adjustments to revenue growth, profit margin and P/E assumptions reflect updated views following recent research, including a downgrade highlighted by Goldman Sachs. Analyst Commentary Recent Street research has leaned more cautious on Localiza Rent a Car, with one high profile downgrade framing the discussion around whether the current share price still lines up comfortably with the updated fair value estimate of R$50.
SIMH3
R$12.85
SIMPAR
7D
12.5%
1Y
23.8%
EMBJ3
R$84.79
Embraer
7D
-2.6%
1Y
39.1%

Simply a smaller aircraft manufacturer benefiting from an Aerospace Upcycle, or is it a niche aerospace platform with moat?

Rating: Buy / Quality Cyclical Growth Style: Aerospace OEM with backlog-driven visibility and multi-segment optionality Core debate: Is Embraer simply a smaller aircraft manufacturer benefiting from an aerospace upcycle, or is it a niche aerospace platform with durable competitive positions, improving margins, and an unusually attractive backlog-to-revenue profile? Executive view Embraer looks increasingly like one of the more attractive ways to invest in aerospace without taking full exposure to the execution problems and balance-sheet complexity of the largest airframers.
WEGE3
R$48.48
WEG
7D
-6.6%
1Y
4.8%

WEGE3: Q4 Reset Will Lay Groundwork For Stronger Earnings Power

Analysts have trimmed their 12 month price target for WEG to R$49 from R$50, reflecting recent Q4 results and updated guidance, while still supporting a fair value estimate of R$70 based on revised growth, margin, discount rate and P/E assumptions. Analyst Commentary JPMorgan's move to cut WEG to Neutral, with a R$49 price target versus the earlier R$50, highlights how recent Q4 results and guidance have tempered near term expectations while still leaving room for a higher long term fair value case around R$70.
MOTV3
R$17.45
Motiva Infraestrutura de Mobilidade
7D
-0.5%
1Y
37.1%
VAMO3
R$4.57
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
8.6%
1Y
-8.0%
TUPY3
R$15.85
Tupy
7D
3.1%
1Y
-33.2%

TUPY3: Higher Future P/E And Remote Meeting Catalyst Will Support Upside

Analysts now see Tupy’s fair value edging to around R$17.22 per share, up from roughly R$16.83, as they update assumptions on growth, margins and a higher future P/E multiple. What's in the News Tupy scheduled a Special and Extraordinary Shareholders Meeting for February 13, 2026, to be held exclusively remotely in Brazil, which may involve decisions that affect capital structure, governance, or other corporate matters (company filing).
GGPS3
R$16.51
GPS Participações e Empreendimentos
7D
-1.6%
1Y
31.2%

GGPS3: Steady Fair Value And Higher Future P/E Will Support Upside

Analysts hold GPS Participações e Empreendimentos' fair value estimate steady at R$23,01, with only small refinements to inputs such as the discount rate, revenue growth assumptions, profit margin, and future P/E expectations guiding this narrative update. Valuation Changes Fair Value: R$23,01 remains unchanged, indicating that the overall valuation outcome is consistent with the prior assessment.
RAIL3
R$16.47
Rumo
7D
-2.7%
1Y
-13.5%

RAIL3: Higher Revenue Outlook Will Eventually Support Richer Earnings Multiple

Analysts have slightly trimmed their fair value estimate for Rumo from R$25.00 to R$24.00, reflecting updated assumptions that combine higher revenue growth expectations with a lower projected profit margin and a modestly higher future P/E multiple. What's in the News Rumo S.A. announced an annual dividend of R$0.1084 per share, scheduled to be paid on November 30, 2026.
MRSA3B
R$43.55
MRS Logística
7D
-2.2%
1Y
45.7%
MOVI3
R$14.43
Movida Participações
7D
7.8%
1Y
130.9%
AERI3
R$2.90
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
15.5%
1Y
-26.0%
ALPK3
R$4.64
Allpark Empreendimentos Participações e Serviços
7D
1.1%
1Y
63.4%
AZUL3
R$30.54
Azul
7D
2.3%
1Y
n/a