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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies45
  • 7D0.8%
  • 3M17.5%
  • 1Y2.9%
  • YTD4.6%

Over the last 7 days, the Industrials industry has risen 2.4%, driven by gains from WEG of 4.8%. During this same period, the MRS Logística underperformed, falling 15%. In the last 12 months, the industry was up 5.9%. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025R$479.1bR$344.8bR$18.4b10.4x26.1x1.4x
Fri, 14 Nov 2025R$459.4bR$341.9bR$21.0b10.4x21.9x1.3x
Sun, 12 Oct 2025R$409.0bR$343.5bR$21.0b8.9x19.5x1.2x
Tue, 09 Sep 2025R$440.0bR$343.4bR$20.9b9.2x21x1.3x
Thu, 07 Aug 2025R$439.0bR$338.8bR$18.2b8.9x24.1x1.3x
Sat, 05 Jul 2025R$475.5bR$335.3bR$17.5b9.1x27.2x1.4x
Mon, 02 Jun 2025R$468.0bR$336.1bR$16.6b9.3x28.1x1.4x
Wed, 30 Apr 2025R$489.9bR$326.5bR$15.8b9.4x30.9x1.5x
Fri, 28 Mar 2025R$455.2bR$324.0bR$16.7b8.2x27.2x1.4x
Sun, 23 Feb 2025R$472.3bR$313.7bR$18.2b8.1x26x1.5x
Tue, 21 Jan 2025R$472.7bR$313.7bR$18.5b7.9x25.5x1.5x
Thu, 19 Dec 2024R$509.4bR$313.7bR$18.5b8.1x27.5x1.6x
Sat, 16 Nov 2024R$512.2bR$312.2bR$18.6b8.9x27.6x1.6x
Mon, 14 Oct 2024R$495.1bR$295.8bR$16.5b10.5x30.1x1.7x
Wed, 11 Sep 2024R$491.3bR$295.7bR$16.5b11.4x29.9x1.7x
Fri, 09 Aug 2024R$492.5bR$287.0bR$18.8b10.7x26.2x1.7x
Sun, 07 Jul 2024R$434.9bR$282.9bR$18.4b11.5x23.6x1.5x
Tue, 04 Jun 2024R$405.4bR$297.5bR$18.5b12.2x21.9x1.4x
Thu, 02 May 2024R$422.6bR$287.4bR$17.2b11.9x24.5x1.5x
Sat, 30 Mar 2024R$440.0bR$287.2bR$17.3b11.4x25.5x1.5x
Mon, 26 Feb 2024R$414.0bR$293.1bR$16.7b9.8x24.8x1.4x
Wed, 24 Jan 2024R$413.2bR$292.2bR$15.5b11.1x26.7x1.4x
Fri, 22 Dec 2023R$440.4bR$292.2bR$15.5b11.9x28.4x1.5x
Sun, 19 Nov 2023R$418.5bR$287.4bR$15.5b12.3x27.1x1.5x
Tue, 17 Oct 2023R$402.6bR$285.9bR$15.3b12.5x26.3x1.4x
Thu, 14 Sep 2023R$437.3bR$285.9bR$15.3b13.5x28.6x1.5x
Sat, 12 Aug 2023R$449.7bR$282.7bR$15.9b12.4x28.3x1.6x
Mon, 10 Jul 2023R$437.5bR$274.4bR$15.0b12.8x29.2x1.6x
Wed, 07 Jun 2023R$434.8bR$273.8bR$15.2b13.4x28.6x1.6x
Fri, 05 May 2023R$405.5bR$270.3bR$18.3b10.1x22.1x1.5x
Sun, 02 Apr 2023R$407.2bR$263.9bR$18.3b9.8x22.2x1.5x
Tue, 28 Feb 2023R$387.1bR$238.5bR$17.9b11.2x21.7x1.6x
Thu, 26 Jan 2023R$400.1bR$234.3bR$16.8b11.6x23.8x1.7x
Sat, 24 Dec 2022R$388.3bR$234.3bR$16.8b10.6x23.1x1.7x
Price to Earnings Ratio

23.1x


Total Market Cap: R$388.3bTotal Earnings: R$16.8bTotal Revenue: R$234.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.3x202320242025
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 Market-0.58%
Industrials0.82%
Industrials4.97%
Electrical4.78%
Trade Distributors3.51%
Commercial Services2.02%
Logistics0%0
Airlines0%0
Aerospace & Defense-0.79%
Machinery-0.82%
Marine and Shipping-1.06%
Construction-1.60%
Infrastructure-2.09%
Transportation-4.12%
Building-4.17%
Professional Services-12.87%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 12.3x.
    • Analysts are expecting annual earnings growth of 22.2%, 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$49.944.8%
+R$9.6b		-13.7%PE32.3x
ORVR3 Orizon Valorização de ResíduosR$68.187.8%
+R$475.8m		66.8%PE216.5x
RENT3 Localiza Rent a CarR$45.300.7%
+R$316.3m		45.3%PE26.9x
MILS3 Mills Locação Serviços e LogísticaR$13.447.4%
+R$210.8m		51.5%PE10.2x
TPIS3 Triunfo Participações e InvestimentosR$5.2728.2%
+R$50.3m		-2.2%PS0.2x

Latest News

MOVI3
R$10.62
Movida Participações
7D
-5.6%
1Y
160.9%
MRSA3B
R$30.90
MRS Logística
7D
-15.3%
1Y
6.6%
TPIS3
R$5.27
Triunfo Participações e Investimentos
7D
28.2%
1Y
-2.2%

Triunfo Participações e Investimentos S.A. (BVMF:TPIS3) Held Back By Insufficient Growth Even After Shares Climb 27%

Dec 16
Triunfo Participações e Investimentos S.A. (BVMF:TPIS3) Held Back By Insufficient Growth Even After Shares Climb 27%
VAMO3
R$3.45
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-8.5%
1Y
-29.0%
WEGE3
R$49.94
WEG
7D
4.8%
1Y
-13.7%

WEGE3: Electrification And Automation Demand Will Support Upside Despite Tariff Fears

Analysts have trimmed their fair value estimate for WEG from R$64 to R$56, reflecting a slightly higher perceived risk. They also highlight stronger long term revenue growth, resilient margins, and Street research pointing to overdone concerns around tariffs and renewable order softness.
ORVR3
R$68.18
Orizon Valorização de Resíduos
7D
7.8%
1Y
66.8%

ORVR3 Margins Are Expected To Strengthen While Overall Outlook Remains Balanced

Analysts have lifted their price target for Orizon Valorização de Resíduos from R$61.73 to approximately R$67.28, reflecting expectations of stronger profit margins ahead despite slightly more conservative revenue growth and valuation multiples. Valuation Changes Fair Value: risen moderately from R$61.73 to approximately R$67.28, signaling a higher intrinsic valuation for the shares.
RENT3
R$45.30
Localiza Rent a Car
7D
0.7%
1Y
45.3%

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$87.98
Embraer
7D
-0.8%
1Y
55.0%

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.
ECOR3
R$10.27
EcoRodovias Infraestrutura e Logística
7D
-1.4%
1Y
137.2%

ECOR3: Higher Future Earnings Multiple Will Support Stronger Share Price Outlook

Analysts have raised their price target for EcoRodovias Infraestrutura e Logística from R$10.29 to R$11.70, citing a slightly lower discount rate and marginally stronger long term earnings multiple expectations, despite modest tweaks to revenue growth and margin assumptions. Valuation Changes Fair Value Estimate has risen modestly from R$10.29 to R$11.70 per share, reflecting a higher target valuation for EcoRodovias.
SIMH3
R$5.68
SIMPAR
7D
-10.0%
1Y
62.8%

SIMPAR (BVMF:SIMH3) Has A Somewhat Strained Balance Sheet

Dec 10
SIMPAR (BVMF:SIMH3) Has A Somewhat Strained Balance Sheet
RAIL3
R$14.74
Rumo
7D
-5.3%
1Y
-22.1%

RAIL3: Future Profitability Will Improve As Margins Expand

Analysts have slightly reduced their price target on Rumo to reflect a modest downward revision in fair value and revenue growth assumptions, partially offset by expectations for improved profit margins and a lower future price-to-earnings multiple. Valuation Changes Fair Value: reduced slightly from R$22.56 to R$21.84 per share, reflecting a modest downward revision in intrinsic valuation.
MILS3
R$13.44
Mills Locação Serviços e Logística
7D
7.4%
1Y
51.5%

MILS3: Improved Margins And Meeting Agenda Will Support Stronger Future Upside

Analysts have raised their price target for Mills Locação Serviços e Logística from R$13.59 to R$15.36, reflecting expectations of slightly faster revenue growth, improved profit margins and a modestly higher future P E multiple, which together support a higher fair value estimate despite a marginally higher discount rate. What's in the News Mills Locação, Serviços e Logística S.A. has scheduled a Special and Extraordinary Shareholders Meeting for December 12, 2025, which signals upcoming decisions on corporate governance or capital structure (company filing) Valuation Changes Fair Value Estimate: increased moderately from R$13.59 to R$15.36 per share, implying a higher assessed intrinsic value for Mills Locação Serviços e Logística.
MOTV3
R$15.12
Motiva Infraestrutura de Mobilidade
7D
-2.4%
1Y
41.2%

MOTV3: Future Earnings Multiples And Margins Will Influence Fairly Valued Shares

Analysts have modestly raised their price target on Motiva Infraestrutura de Mobilidade, citing a slightly higher fair value estimate supported by incremental improvements in projected profit margins and future earnings multiples. Valuation Changes Fair Value Estimate has risen slightly, moving from R$17.38 to R$17.51 per share.
GGPS3
R$18.86
GPS Participações e Empreendimentos
7D
0.3%
1Y
27.9%

GGPS3: Future Profit Margins Will Drive Improved Share Performance

Analysts have raised their price target for GPS Participações e Empreendimentos from R$22.77 to R$23.24, reflecting improved revenue growth and profit margin projections. Valuation Changes Fair Value: Increased slightly from R$22.77 to R$23.24.
VLID3
R$21.27
Valid Soluções
7D
2.6%
1Y
-11.4%
KEPL3
R$9.64
Kepler Weber
7D
1.8%
1Y
2.0%

Kepler Weber (BVMF:KEPL3) Has Announced That Its Dividend Will Be Reduced To R$0.1442

Nov 23
Kepler Weber (BVMF:KEPL3) Has Announced That Its Dividend Will Be Reduced To R$0.1442