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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies45
  • 7D-0.2%
  • 3M17.3%
  • 1Y2.5%
  • YTD2.9%

In the last week, Industrials has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025R$465.3bR$344.8bR$18.4b10.6x25.3x1.3x
Fri, 28 Nov 2025R$457.9bR$348.0bR$19.1b11.2x24x1.3x
Sun, 26 Oct 2025R$432.3bR$340.6bR$20.2b9.2x21.4x1.3x
Tue, 23 Sep 2025R$445.7bR$343.5bR$21.0b9x21.2x1.3x
Thu, 21 Aug 2025R$418.4bR$343.2bR$20.8b9x20.2x1.2x
Sat, 19 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Mon, 16 Jun 2025R$466.7bR$335.3bR$17.5b9.4x26.7x1.4x
Wed, 14 May 2025R$461.3bR$335.0bR$16.9b9.3x27.3x1.4x
Fri, 11 Apr 2025R$441.9bR$326.4bR$15.8b8.7x27.9x1.4x
Sun, 09 Mar 2025R$460.4bR$324.6bR$17.1b8.4x26.9x1.4x
Tue, 04 Feb 2025R$485.9bR$313.7bR$18.5b8.1x26.2x1.5x
Thu, 02 Jan 2025R$468.0bR$313.7bR$18.5b8.1x25.2x1.5x
Sat, 30 Nov 2024R$491.4bR$313.6bR$18.6b8.7x26.4x1.6x
Mon, 28 Oct 2024R$503.1bR$295.8bR$16.4b11.2x30.6x1.7x
Wed, 25 Sep 2024R$506.8bR$295.8bR$16.5b11.6x30.8x1.7x
Fri, 23 Aug 2024R$503.9bR$295.7bR$16.4b11.4x30.6x1.7x
Sun, 21 Jul 2024R$461.9bR$282.7bR$18.4b11.3x25.1x1.6x
Tue, 18 Jun 2024R$398.4bR$297.4bR$18.5b11.5x21.5x1.3x
Thu, 16 May 2024R$427.9bR$294.8bR$18.0b11.3x23.8x1.5x
Sat, 13 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Mon, 11 Mar 2024R$423.1bR$282.6bR$16.7b11x25.3x1.5x
Wed, 07 Feb 2024R$398.3bR$290.6bR$15.3b9.8x26x1.4x
Fri, 05 Jan 2024R$439.0bR$292.2bR$15.5b11.2x28.3x1.5x
Sun, 03 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Tue, 31 Oct 2023R$381.1bR$286.3bR$15.5b12.1x24.6x1.3x
Thu, 28 Sep 2023R$414.2bR$285.9bR$15.3b12.4x27.1x1.4x
Sat, 26 Aug 2023R$438.1bR$285.9bR$15.3b12.8x28.6x1.5x
Mon, 24 Jul 2023R$445.9bR$275.3bR$15.5b12.9x28.8x1.6x
Wed, 21 Jun 2023R$434.8bR$274.3bR$15.0b12.8x28.9x1.6x
Fri, 19 May 2023R$423.0bR$274.1bR$22.7b12.3x18.6x1.5x
Sun, 16 Apr 2023R$409.8bR$263.9bR$18.3b10.3x22.5x1.6x
Tue, 14 Mar 2023R$405.5bR$257.4bR$18.5b11x22x1.6x
Thu, 09 Feb 2023R$389.6bR$234.4bR$16.8b11.7x23.1x1.7x
Sat, 07 Jan 2023R$374.5bR$234.3bR$16.8b10.3x22.3x1.6x
Price to Earnings Ratio

22.3x


Total Market Cap: R$374.5bTotal Earnings: R$16.8bTotal Revenue: R$234.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.3x20242025
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 25.3x.
  • 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 grown 3.0% 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 Industrials sector?

BR Market0.35%
Industrials-0.18%
Industrials2.58%
Machinery2.44%
Trade Distributors1.99%
Commercial Services1.43%
Building0.64%
Electrical0.48%
Marine and Shipping0.38%
Infrastructure0.22%
Logistics0%0
Airlines0%0
Professional Services-0.76%
Aerospace & Defense-1.43%
Transportation-1.80%
Construction-6.16%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 13.0x.
    • Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings growth of 12.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 49% over the next 5 years.
  • However this is lower than its past earnings growth rate of 197% 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
WEGE3 WEGR$48.510.5%
+R$965.0m		-8.1%PE31.4x
FRIO3 Metalfrio SolutionsR$209.9825.0%
+R$268.1m		-36.4%PE55.5x
RAIL3 RumoR$14.760.9%
+R$241.3m		-17.3%PE73.3x
GGPS3 GPS Participações e EmpreendimentosR$16.161.3%
+R$150.0m		28.0%PE18.4x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$10.601.7%
+R$125.2m		150.0%PE8x

Latest News

JSLG3
R$6.07
JSL
7D
-23.3%
1Y
12.2%
FRIO3
R$209.98
Metalfrio Solutions
7D
25.0%
1Y
-36.4%
ECOR3
R$10.60
EcoRodovias Infraestrutura e Logística
7D
1.7%
1Y
150.0%

ECOR3 Lower Discount Rate Will Likely Fail To Justify Current Pricing

Analysts have raised their price target for EcoRodovias Infraestrutura e Logística from R$7.40 to R$9.00, citing a lower perceived risk profile reflected in a reduced discount rate. This is partially offset by slightly weaker revenue growth and margin assumptions and a modestly higher future P E multiple.
WEGE3
R$48.51
WEG
7D
0.5%
1Y
-8.1%
GGPS3
R$16.16
GPS Participações e Empreendimentos
7D
1.3%
1Y
28.0%

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Dec 23
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ARML3
R$4.48
Armac Locação Logística e Serviços
7D
5.7%
1Y
-10.9%

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Dec 23
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MOVI3
R$9.76
Movida Participações
7D
2.0%
1Y
175.7%
RAIL3
R$14.76
Rumo
7D
0.9%
1Y
-17.3%

RAIL3 Stronger Profit Margins Will Support A More Optimistic Outlook

Narrative Update on Rumo Analysts have modestly raised their price target on Rumo to R$16.50, reflecting higher expected profitability and a slightly improved valuation multiple despite slower projected revenue growth. Valuation Changes Fair Value Estimate remains unchanged at R$16.50, indicating no revision to the intrinsic price target.
ORVR3
R$69.92
Orizon Valorização de Resíduos
7D
1.6%
1Y
84.7%
MOTV3
R$15.06
Motiva Infraestrutura de Mobilidade
7D
-0.2%
1Y
48.1%

MOTV3: Future Earnings Multiples And Margins Will Support Attractive Share Upside

Analysts have modestly raised their price target on Motiva Infraestrutura de Mobilidade to R$18.03 from R$17.51. This change reflects slightly higher long term profitability expectations and valuation multiples, despite a more conservative view on revenue growth and risk.
MRSA3B
R$39.00
MRS Logística
7D
-2.5%
1Y
21.9%
RENT3
R$43.57
Localiza Rent a Car
7D
-3.0%
1Y
35.3%

RENT3 Future Return Potential Looks Stronger As Risk Perception Eases

Narrative Update on Localiza Rent a Car Analysts have raised their price target for Localiza Rent a Car by approximately R$2.60. This adjustment reflects slightly lower perceived risk, stable revenue growth expectations, marginally higher projected profit margins, and a modestly cheaper anticipated future valuation multiple.
EMBJ3
R$88.60
Embraer
7D
-1.4%
1Y
57.7%

EMBJ3: Order Momentum And Execution Risks Will Shape Next Phase

Embraer’s analyst price target has been raised meaningfully, with fair value estimates climbing from about $64 to $82 as analysts point to stronger revenue growth, modestly higher profit margins, and continued attractive valuation and demand momentum despite recent share volatility. Analyst Commentary Recent Street research updates have contributed to the higher fair value framework for Embraer, with several major firms lifting their price targets while maintaining positive ratings.
LOGN3
R$33.79
Log-In Logística Intermodal
7D
-0.6%
1Y
63.1%
PRNR3
R$15.91
Priner Serviços Industriais
7D
-2.2%
1Y
18.6%
CALI3
R$16.05
Construtora Adolpho Lindenberg
7D
-10.8%
1Y
n/a

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Nov 14
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