Analysis Article • May 11
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Brazilian (BOVESPA) Industrials Sector Analysis
UpdatedMay 14, 2026
DataAggregated Company Financials
Companies42
- 7D-5.5%
- 3M-17.3%
- 1Y0.1%
- YTD-7.6%
Over the last 7 days, the Industrials industry has dropped 5.1%, driven by Embraer declining 13%. On the other hand Azul is actually up 29%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Brazilian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 May 2026 | R$425.8b | R$345.3b | R$19.1b | 9.3x | 22.3x | 1.2x |
| Sat, 11 Apr 2026 | R$502.1b | R$342.4b | R$19.2b | 12.9x | 26.1x | 1.5x |
| Mon, 09 Mar 2026 | R$463.9b | R$342.8b | R$19.1b | 10.9x | 24.3x | 1.4x |
| Wed, 04 Feb 2026 | R$509.3b | R$344.8b | R$18.4b | 11.9x | 27.7x | 1.5x |
| Fri, 02 Jan 2026 | R$465.4b | R$344.8b | R$18.4b | 10.6x | 25.3x | 1.3x |
| Sun, 30 Nov 2025 | R$462.0b | R$348.0b | R$19.1b | 11.1x | 24.2x | 1.3x |
| Tue, 28 Oct 2025 | R$434.9b | R$340.6b | R$20.2b | 9.3x | 21.5x | 1.3x |
| Thu, 25 Sep 2025 | R$440.1b | R$343.5b | R$21.0b | 9x | 21x | 1.3x |
| Sat, 23 Aug 2025 | R$431.1b | R$343.2b | R$20.8b | 9x | 20.8x | 1.3x |
| Mon, 21 Jul 2025 | R$443.7b | R$335.4b | R$17.5b | 8.7x | 25.4x | 1.3x |
| Wed, 18 Jun 2025 | R$467.1b | R$335.3b | R$17.5b | 9.7x | 26.7x | 1.4x |
| Fri, 16 May 2025 | R$461.3b | R$335.2b | R$16.8b | 9.3x | 27.5x | 1.4x |
| Sun, 13 Apr 2025 | R$447.5b | R$326.4b | R$15.8b | 8.7x | 28.2x | 1.4x |
| Tue, 11 Mar 2025 | R$458.0b | R$324.6b | R$17.1b | 8.3x | 26.8x | 1.4x |
| Thu, 06 Feb 2025 | R$478.9b | R$313.7b | R$18.5b | 8x | 25.8x | 1.5x |
| Sat, 04 Jan 2025 | R$466.6b | R$313.7b | R$18.5b | 8.1x | 25.2x | 1.5x |
| Mon, 02 Dec 2024 | R$495.8b | R$313.6b | R$18.6b | 8.7x | 26.7x | 1.6x |
| Wed, 30 Oct 2024 | R$510.5b | R$295.8b | R$16.4b | 10.7x | 31x | 1.7x |
| Fri, 27 Sep 2024 | R$510.4b | R$295.8b | R$16.5b | 11.4x | 31x | 1.7x |
| Sun, 25 Aug 2024 | R$508.3b | R$295.7b | R$16.4b | 11.9x | 30.9x | 1.7x |
| Tue, 23 Jul 2024 | R$461.0b | R$282.7b | R$18.4b | 11.4x | 25.1x | 1.6x |
| Thu, 20 Jun 2024 | R$405.7b | R$297.4b | R$18.5b | 11.6x | 21.9x | 1.4x |
| Sat, 18 May 2024 | R$431.6b | R$297.2b | R$18.3b | 11.2x | 23.5x | 1.5x |
| Mon, 15 Apr 2024 | R$429.1b | R$287.3b | R$17.7b | 11.4x | 24.2x | 1.5x |
| Wed, 13 Mar 2024 | R$428.5b | R$282.9b | R$16.8b | 11.3x | 25.5x | 1.5x |
| Fri, 09 Feb 2024 | R$404.6b | R$290.6b | R$15.3b | 9.9x | 26.4x | 1.4x |
| Sun, 07 Jan 2024 | R$434.3b | R$292.2b | R$15.5b | 11.3x | 28x | 1.5x |
| Tue, 05 Dec 2023 | R$427.1b | R$292.0b | R$16.0b | 12.3x | 26.7x | 1.5x |
| Thu, 02 Nov 2023 | R$385.8b | R$286.3b | R$15.3b | 11.9x | 25.2x | 1.3x |
| Sat, 30 Sep 2023 | R$420.0b | R$285.9b | R$15.3b | 12.5x | 27.4x | 1.5x |
| Mon, 28 Aug 2023 | R$432.7b | R$285.9b | R$15.3b | 12.8x | 28.3x | 1.5x |
| Wed, 26 Jul 2023 | R$458.4b | R$275.3b | R$15.5b | 12.9x | 29.7x | 1.7x |
| Fri, 23 Jun 2023 | R$431.1b | R$274.3b | R$15.0b | 12.7x | 28.7x | 1.6x |
| Sun, 21 May 2023 | R$426.8b | R$274.2b | R$22.8b | 12.3x | 18.8x | 1.6x |
Price to Earnings Ratio
18.8x
Current Industry PE
- Investors are pessimistic on the Brazilian Industrials 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 22.8x which is lower than its 3-year average PE of 25.7x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 5.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.2% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Brazilian Industrials sector?
| BR Market | -3.60% | |
| Industrials | -5.46% | |
| Construction | 4.94% | |
| Building | 0% | 0 |
| Logistics | 0% | 0 |
| Airlines | 0% | 0 |
| Electrical | -2.26% | |
| Marine and Shipping | -2.84% | |
| Trade Distributors | -5.63% | |
| Transportation | -5.86% | |
| Machinery | -5.90% | |
| Commercial Services | -6.58% | |
| Infrastructure | -8.12% | |
| Industrials | -10.61% | |
| Aerospace & Defense | -12.76% | |
| Professional Services | -14.02% | |
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 37.1%, which is higher than its past year's earnings growth of 18.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 18% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AZUL3 Azul | R$49.49 | 28.5% +R$4.0b | n/a | PE23.7x | |
| MRSA3B MRS Logística | R$42.99 | 2.9% +R$405.6m | 48.5% | PE9.3x | |
| LOGN3 Log-In Logística Intermodal | R$30.85 | 1.1% +R$37.1m | 24.9% | PE35x | |
| TPIS3 Triunfo Participações e Investimentos | R$10.75 | 5.4% +R$23.9m | 161.6% | PS0.4x | |
| CALI3 Construtora Adolpho Lindenberg | R$25.00 | 10.7% +R$16.9m | n/a | PE4.3x |
