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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies43
  • 7D-2.0%
  • 3M-4.4%
  • 1Y6.4%
  • YTD2.6%

Over the last 7 days, the Industrials industry has dropped 2.0%, driven by a pullback from WEG of 2.5%. Meanwhile, SIMPAR actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 6.4%. 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
Thu, 23 Apr 2026R$474.2bR$342.3bR$19.2b12.9x24.7x1.4x
Sat, 21 Mar 2026R$443.1bR$344.5bR$18.6b10.1x23.8x1.3x
Mon, 16 Feb 2026R$517.1bR$341.8bR$18.4b11.3x28.1x1.5x
Wed, 14 Jan 2026R$469.0bR$344.8bR$18.4b10.5x25.5x1.4x
Fri, 12 Dec 2025R$471.0bR$344.8bR$18.4b10.3x25.6x1.4x
Sun, 09 Nov 2025R$453.5bR$341.3bR$20.8b10.2x21.8x1.3x
Tue, 07 Oct 2025R$412.6bR$343.5bR$21.0b8.9x19.7x1.2x
Thu, 04 Sep 2025R$434.8bR$343.4bR$20.9b9x20.8x1.3x
Sat, 02 Aug 2025R$426.9bR$336.3bR$18.3b8.9x23.4x1.3x
Mon, 30 Jun 2025R$464.0bR$335.3bR$17.5b9.2x26.5x1.4x
Wed, 28 May 2025R$471.4bR$336.1bR$16.6b9.3x28.3x1.4x
Fri, 25 Apr 2025R$484.0bR$326.5bR$15.8b9.5x30.6x1.5x
Sun, 23 Mar 2025R$465.5bR$326.8bR$17.8b8x26.2x1.4x
Tue, 18 Feb 2025R$485.4bR$313.7bR$18.2b8.3x26.7x1.5x
Thu, 16 Jan 2025R$461.7bR$313.7bR$18.5b8.1x24.9x1.5x
Sat, 14 Dec 2024R$512.8bR$313.7bR$18.5b8.7x27.7x1.6x
Mon, 11 Nov 2024R$506.5bR$305.2bR$18.3b8.7x27.7x1.7x
Wed, 09 Oct 2024R$498.9bR$295.8bR$16.5b10.5x30.3x1.7x
Fri, 06 Sep 2024R$500.2bR$295.7bR$16.5b11.8x30.4x1.7x
Sun, 04 Aug 2024R$481.9bR$285.5bR$18.6b10.3x25.9x1.7x
Tue, 02 Jul 2024R$422.6bR$297.4bR$18.5b11.9x22.8x1.4x
Thu, 30 May 2024R$413.3bR$297.5bR$18.5b12.5x22.4x1.4x
Sat, 27 Apr 2024R$426.4bR$287.3bR$17.2b11.5x24.7x1.5x
Mon, 25 Mar 2024R$443.9bR$285.6bR$18.2b11.3x24.4x1.6x
Wed, 21 Feb 2024R$409.0bR$292.9bR$16.1b10x25.4x1.4x
Fri, 19 Jan 2024R$412.8bR$292.2bR$15.5b11x26.6x1.4x
Sun, 17 Dec 2023R$445.1bR$292.1bR$15.5b11.7x28.7x1.5x
Tue, 14 Nov 2023R$399.3bR$291.1bR$15.5b11.7x25.8x1.4x
Thu, 12 Oct 2023R$410.9bR$285.9bR$15.3b12.4x26.9x1.4x
Sat, 09 Sep 2023R$420.6bR$285.9bR$15.3b12.6x27.5x1.5x
Mon, 07 Aug 2023R$455.9bR$276.4bR$15.6b13x29.1x1.6x
Wed, 05 Jul 2023R$435.8bR$274.4bR$15.0b12.7x29x1.6x
Fri, 02 Jun 2023R$422.0bR$273.8bR$15.2b12.7x27.8x1.5x
Sun, 30 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 8.6% 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-2.02%
Industrials-1.97%
Professional Services1.42%
Machinery0.52%
Transportation0.19%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Trade Distributors-1.24%
Commercial Services-1.60%
Electrical-2.50%
Infrastructure-3.04%
Construction-3.40%
Aerospace & Defense-4.00%
Marine and Shipping-6.85%
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
SIMH3 SIMPARR$12.6413.0%
+R$618.9m		14.9%PE127.4x
VAMO3 Vamos Locação de Caminhões Máquinas e EquipamentosR$4.5810.4%
+R$458.4m		-15.7%PE14.9x
MOVI3 Movida ParticipaçõesR$14.368.1%
+R$366.3m		106.6%PE15.3x
ARML3 Armac Locação Logística e ServiçosR$5.665.8%
+R$107.4m		20.7%PE29.2x
JSLG3 JSLR$7.852.9%
+R$62.6m		13.4%PE27.3x

Latest News

ARML3
R$5.66
Armac Locação Logística e Serviços
7D
5.8%
1Y
20.7%
GGPS3
R$15.85
GPS Participações e Empreendimentos
7D
-2.5%
1Y
18.4%
HBSA3
R$3.42
Hidrovias do Brasil
7D
-11.2%
1Y
25.7%
RAIL3
R$16.23
Rumo
7D
-2.2%
1Y
-18.6%

RAIL3: Future Dividend Policy Will Support Stronger Profitability Outlook

Analysts have trimmed their price target on Rumo slightly from R$19.93 to R$19.67, reflecting updated views on modestly different revenue growth, profit margin and discount rate assumptions while keeping future P/E expectations broadly in line. What's in the News Rumo plans an annual dividend of R$0.1084 per share, with payment scheduled for November 30, 2026 (Key Developments).
RENT3
R$50.50
Localiza Rent a Car
7D
-0.6%
1Y
21.4%

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$12.64
SIMPAR
7D
13.0%
1Y
14.9%
EMBJ3
R$79.69
Embraer
7D
-4.0%
1Y
26.1%

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.
JSLG3
R$7.85
JSL
7D
2.9%
1Y
13.4%

JSLG3: Lower Margins And Higher P/E Will Shape Balanced Outlook

Analysts have adjusted their price target on JSL to R$8.00, keeping it unchanged. They also updated their assumptions to reflect lower projected revenue growth, a slimmer profit margin profile, and a higher future P/E multiple.
WEGE3
R$47.40
WEG
7D
-2.1%
1Y
-2.4%

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$16.81
Motiva Infraestrutura de Mobilidade
7D
-2.7%
1Y
28.6%
VAMO3
R$4.58
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
10.4%
1Y
-15.7%
OPCT3
R$10.44
OceanPact Serviços Marítimos
7D
2.4%
1Y
90.9%
MOVI3
R$14.36
Movida Participações
7D
8.1%
1Y
106.6%
AERI3
R$2.81
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
12.9%
1Y
-35.6%
ALPK3
R$4.60
Allpark Empreendimentos Participações e Serviços
7D
2.9%
1Y
61.4%
AZUL3
R$27.42
Azul
7D
-16.1%
1Y
n/a