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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies43
  • 7D-0.7%
  • 3M-18.6%
  • 1Y-0.4%
  • YTD-8.9%

Over the last 7 days, the Industrials industry has remained flat, although notably Azul declined by 43%. Furthermore, the industry has been flat for the past year as well. 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
Sun, 24 May 2026R$421.1bR$347.2bR$18.4b10.3x22.9x1.2x
Tue, 21 Apr 2026R$488.7bR$342.3bR$19.2b13x25.5x1.4x
Thu, 19 Mar 2026R$451.0bR$343.8bR$18.3b10x24.6x1.3x
Sat, 14 Feb 2026R$520.1bR$341.8bR$18.4b11.3x28.3x1.5x
Mon, 12 Jan 2026R$465.0bR$344.8bR$18.4b10.8x25.3x1.3x
Wed, 10 Dec 2025R$466.1bR$344.8bR$18.4b10.3x25.3x1.4x
Fri, 07 Nov 2025R$450.1bR$341.8bR$21.0b10.2x21.5x1.3x
Sun, 05 Oct 2025R$417.8bR$343.5bR$21.0b8.9x19.9x1.2x
Tue, 02 Sep 2025R$435.3bR$343.4bR$20.9b9x20.8x1.3x
Thu, 31 Jul 2025R$424.5bR$335.7bR$18.3b8.9x23.2x1.3x
Sat, 28 Jun 2025R$464.0bR$335.3bR$17.5b9.2x26.5x1.4x
Mon, 26 May 2025R$457.6bR$336.1bR$16.6b9x27.5x1.4x
Wed, 23 Apr 2025R$463.3bR$326.5bR$15.8b9.3x29.2x1.4x
Fri, 21 Mar 2025R$465.3bR$325.9bR$17.1b8.2x27.2x1.4x
Sun, 16 Feb 2025R$485.4bR$313.7bR$18.2b8.2x26.7x1.5x
Tue, 14 Jan 2025R$463.6bR$313.7bR$18.5b7.8x25x1.5x
Thu, 12 Dec 2024R$499.0bR$313.7bR$18.5b9.2x26.9x1.6x
Sat, 09 Nov 2024R$509.1bR$300.1bR$17.3b9.8x29.4x1.7x
Mon, 07 Oct 2024R$501.4bR$295.8bR$16.5b10.4x30.5x1.7x
Wed, 04 Sep 2024R$491.7bR$295.7bR$16.5b11.9x29.9x1.7x
Fri, 02 Aug 2024R$488.0bR$285.5bR$18.6b10.1x26.2x1.7x
Sun, 30 Jun 2024R$425.0bR$297.4bR$18.5b11.7x23x1.4x
Tue, 28 May 2024R$412.4bR$286.6bR$18.1b12.7x22.7x1.4x
Thu, 25 Apr 2024R$416.7bR$287.3bR$17.2b11.5x24.2x1.5x
Sat, 23 Mar 2024R$443.9bR$285.2bR$17.9b11.3x24.9x1.6x
Mon, 19 Feb 2024R$399.7bR$292.9bR$16.1b10.1x24.8x1.4x
Wed, 17 Jan 2024R$428.5bR$292.2bR$15.5b10.8x27.6x1.5x
Fri, 15 Dec 2023R$440.8bR$292.2bR$15.5b11.8x28.4x1.5x
Sun, 12 Nov 2023R$403.5bR$290.5bR$15.3b11.7x26.5x1.4x
Tue, 10 Oct 2023R$404.6bR$285.9bR$15.3b12.4x26.4x1.4x
Thu, 07 Sep 2023R$428.4bR$285.9bR$15.3b12.6x28x1.5x
Sat, 05 Aug 2023R$455.9bR$276.4bR$15.6b13x29.2x1.6x
Mon, 03 Jul 2023R$437.1bR$274.4bR$15.0b12.6x29.1x1.6x
Wed, 31 May 2023R$425.8bR$273.8bR$15.2b12.5x28x1.6x
Price to Earnings Ratio

28x


Total Market Cap: R$425.8bTotal Earnings: R$15.2bTotal Revenue: R$273.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
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 22.9x 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 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 6.4% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Industrials sector?

BR Market-0.71%
Industrials-0.71%
Aerospace & Defense1.47%
Trade Distributors1.15%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Machinery-0.59%
Electrical-0.93%
Commercial Services-1.11%
Transportation-1.12%
Infrastructure-1.30%
Professional Services-2.02%
Marine and Shipping-2.12%
Construction-4.35%
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 15.4% 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 15% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EMBJ3 EmbraerR$72.331.5%
+R$768.8m		7.7%PE30.4x
RENT3 Localiza Rent a CarR$43.350.9%
+R$405.2m		6.8%PE21.1x
MILS3 Mills Locação Serviços e LogísticaR$13.103.2%
+R$92.9m		24.9%PE6.9x
JSLG3 JSLR$6.764.0%
+R$74.0m		7.0%PS0.2x
TGMA3 Tegma Gestão LogísticaR$31.443.3%
+R$65.9m		-11.2%PE8.7x

Latest News

OPCT3
R$10.08
OceanPact Serviços Marítimos
7D
1.2%
1Y
71.4%
MOTV3
R$14.50
Motiva Infraestrutura de Mobilidade
7D
-1.4%
1Y
7.6%
ORVR3
R$76.70
Orizon Valorização de Resíduos
7D
-1.0%
1Y
48.8%
TGMA3
R$31.44
Tegma Gestão Logística
7D
3.3%
1Y
-11.2%
Narrative Update • May 20

TGMA3: Sustainability Index Inclusion Will Support Future Repricing Potential

Analysts have maintained their fair value estimate for Tegma Gestão Logística at R$44.60 per share. They cite updated assumptions for the discount rate, revenue growth, profit margin and future P/E that fine tune, rather than overhaul, their previous view.
RENT3
R$43.35
Localiza Rent a Car
7D
0.9%
1Y
6.8%
Narrative Update • May 19

RENT3: Higher Future P/E And Margins Will Support Post Downgrade Rerating Potential

Analysts have nudged their fair value estimate for Localiza Rent a Car slightly higher to about R$59.28 per share. The new estimate reflects updated assumptions on discount rates, revenue growth, margins and future P/E, while remaining cautious following recent research commentary.
RAIL3
R$14.21
Rumo
7D
-5.1%
1Y
-21.3%
HBSA3
R$3.24
Hidrovias do Brasil
7D
-2.1%
1Y
9.8%
Analysis Article • May 12

We Think That There Are Issues Underlying Hidrovias do Brasil's (BVMF:HBSA3) Earnings

Hidrovias do Brasil S.A. ( BVMF:HBSA3 ) announced strong profits, but the stock was stagnant. Our analysis suggests...
GGPS3
R$13.11
GPS Participações e Empreendimentos
7D
-1.8%
1Y
-2.1%
EMBJ3
R$72.33
Embraer
7D
1.5%
1Y
7.7%
Analysis Article • May 11

Embraer S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Embraer S.A. ( BVMF:EMBJ3 ) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to...
ALPK3
R$4.47
Allpark Empreendimentos Participações e Serviços
7D
5.4%
1Y
30.3%
JSLG3
R$6.76
JSL
7D
4.0%
1Y
7.0%
MILS3
R$13.10
Mills Locação Serviços e Logística
7D
3.2%
1Y
24.9%
VAMO3
R$3.25
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-4.7%
1Y
-21.1%
WEGE3
R$42.73
WEG
7D
-0.9%
1Y
-2.2%
Narrative Update • May 02

WEGE3: Q4 Miss And Guidance Reset Will Support Long-Term Upside Potential

Analysts now see WEG's fair value holding at R$70.00, but the average price target edging down by R$1 to R$49.00 as they factor in the Q4 miss and softer guidance, along with slightly higher discount rates and adjusted growth and margin assumptions. Analyst Commentary The latest update from JPMorgan reflects how recent results and guidance are reshaping the way the market values WEG.
FRIO3
R$180.00
Metalfrio Solutions
7D
5.8%
1Y
-35.7%
AZUL3
R$23.30
Azul
7D
-42.5%
1Y
n/a