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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies44
  • 7D6.0%
  • 3M4.2%
  • 1Y20.1%
  • YTD4.3%

In the last week, the Industrials industry is up 6.0%, with WEG up 6.1%. In the same time, Azul was down 6.4%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, 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
Fri, 03 Apr 2026R$481.9bR$344.8bR$18.8b12x25.6x1.4x
Sun, 01 Mar 2026R$501.6bR$342.4bR$19.9b11.7x25.2x1.5x
Tue, 27 Jan 2026R$496.3bR$344.8bR$18.4b11.6x27x1.4x
Thu, 25 Dec 2025R$466.1bR$344.8bR$18.4b10.5x25.3x1.4x
Sat, 22 Nov 2025R$449.7bR$346.9bR$19.1b10.9x23.6x1.3x
Mon, 20 Oct 2025R$416.3bR$340.1bR$20.2b9x20.6x1.2x
Wed, 17 Sep 2025R$437.9bR$343.5bR$21.0b9x20.9x1.3x
Fri, 15 Aug 2025R$429.5bR$337.6bR$20.5b9.1x21x1.3x
Sun, 13 Jul 2025R$445.4bR$335.3bR$17.5b8.7x25.4x1.3x
Tue, 10 Jun 2025R$468.5bR$336.0bR$16.6b9.1x28.2x1.4x
Thu, 08 May 2025R$450.7bR$330.8bR$16.6b9.3x27.2x1.4x
Sat, 05 Apr 2025R$434.9bR$326.4bR$16.4b8.3x26.6x1.3x
Mon, 03 Mar 2025R$454.1bR$324.6bR$17.1b8.5x26.5x1.4x
Wed, 29 Jan 2025R$473.9bR$313.7bR$18.5b8.2x25.6x1.5x
Fri, 27 Dec 2024R$475.9bR$313.7bR$18.5b8.2x25.7x1.5x
Sun, 24 Nov 2024R$513.0bR$313.6bR$18.5b9.3x27.7x1.6x
Tue, 22 Oct 2024R$504.8bR$295.8bR$16.5b10.9x30.7x1.7x
Thu, 19 Sep 2024R$500.2bR$295.8bR$16.5b12x30.4x1.7x
Sat, 17 Aug 2024R$490.5bR$288.6bR$15.1b12.8x32.4x1.7x
Mon, 15 Jul 2024R$463.1bR$282.7bR$18.4b11.8x25.2x1.6x
Wed, 12 Jun 2024R$402.1bR$297.5bR$18.6b12.8x21.7x1.4x
Fri, 10 May 2024R$427.1bR$349.2b-R$12,347,391,304.0011.4x-34.6x1.2x
Sun, 07 Apr 2024R$434.1bR$287.0bR$17.2b11.5x25.3x1.5x
Tue, 05 Mar 2024R$418.6bR$282.9bR$16.9b10.4x24.8x1.5x
Thu, 01 Feb 2024R$408.2bR$292.2bR$15.5b11.1x26.3x1.4x
Sat, 30 Dec 2023R$446.3bR$292.2bR$15.5b11.5x28.8x1.5x
Mon, 27 Nov 2023R$414.4bR$292.7bR$16.0b11.9x25.9x1.4x
Wed, 25 Oct 2023R$394.3bR$285.9bR$15.3b12.4x25.8x1.4x
Fri, 22 Sep 2023R$419.0bR$285.9bR$15.3b12.6x27.4x1.5x
Sun, 20 Aug 2023R$426.9bR$285.8bR$15.3b12.3x27.9x1.5x
Tue, 18 Jul 2023R$425.2bR$274.4bR$15.0b12.9x28.3x1.5x
Thu, 15 Jun 2023R$440.5bR$273.8bR$15.2b13.2x29x1.6x
Sat, 13 May 2023R$420.1bR$269.3bR$15.8b11.9x26.6x1.6x
Mon, 10 Apr 2023R$395.1bR$263.9bR$18.3b9.4x21.6x1.5x
Price to Earnings Ratio

21.6x


Total Market Cap: R$395.1bTotal Earnings: R$18.3bTotal Revenue: R$263.9bTotal 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 9.3% 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 Market3.43%
Industrials6.01%
Aerospace & Defense10.17%
Professional Services7.45%
Infrastructure7.38%
Electrical6.12%
Commercial Services4.96%
Transportation4.77%
Trade Distributors4.01%
Machinery2.82%
Marine and Shipping1.26%
Industrials0%0
Logistics0%0
Airlines0%0
Construction-10.95%
Building-20.85%
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 30.5%, 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 38% 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
WEGE3 WEGR$50.316.1%
+R$12.2b		15.1%PE33.1x
EMBJ3 EmbraerR$80.9710.3%
+R$5.3b		34.9%PE29.2x
RENT3 Localiza Rent a CarR$47.675.6%
+R$2.8b		32.0%PE27.8x
MOTV3 Motiva Infraestrutura de MobilidadeR$16.196.1%
+R$1.9b		38.0%PE11.2x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$9.1814.8%
+R$820.8m		59.7%PE7.2x

Latest News

RAIL3
R$16.10
Rumo
7D
2.4%
1Y
-5.7%
NORD3
R$1.80
Nordon Indústrias Metalúrgicas S/A
7D
-21.7%
1Y
-70.4%
MRSA3B
R$50.00
MRS Logística
7D
4.9%
1Y
81.2%
WEGE3
R$50.31
WEG
7D
6.1%
1Y
15.1%

WEGE3: Future Earnings Power To Be Tested After Neutral Downgrade

Analysts now see fair value for WEG at about R$54.26, up from roughly R$53.17. This reflects slightly softer revenue growth assumptions, a modestly higher long term profit margin, and a neutral stance following recent price target cuts tied to the Q4 miss and revised guidance.
AERI3
R$2.35
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
-6.0%
1Y
-41.5%
VAMO3
R$3.69
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-2.1%
1Y
-15.4%
RENT3
R$47.67
Localiza Rent a Car
7D
5.6%
1Y
32.0%
VLID3
R$19.97
Valid Soluções
7D
-1.0%
1Y
-20.8%
LOGN3
R$31.99
Log-In Logística Intermodal
7D
-0.03%
1Y
51.1%
ORVR3
R$73.90
Orizon Valorização de Resíduos
7D
12.5%
1Y
78.2%

ORVR3: Future Upside Will Rely On Margins And Higher P/E

Analysts have kept their fair value estimate for Orizon Valorização de Resíduos steady at R$81.46. They point to only minor tweaks in the underlying discount rate, revenue growth and profit margin assumptions, as well as a slightly higher future P/E input.
MOTV3
R$16.19
Motiva Infraestrutura de Mobilidade
7D
6.1%
1Y
38.0%

MOTV3: Higher Future P/E And Governance Decisions Will Support Stronger Returns

Analysts have updated their view on Motiva Infraestrutura de Mobilidade with an unchanged fair value estimate at R$18.88. The estimate is now supported by adjusted assumptions that include a higher discount rate, a slightly higher revenue growth outlook, a marginally lower profit margin, and a higher future P/E multiple.
EMBJ3
R$80.97
Embraer
7D
10.3%
1Y
34.9%
ECOR3
R$9.18
EcoRodovias Infraestrutura e Logística
7D
14.8%
1Y
59.7%

ECOR3: Stable Margins And Undervalued P/E Will Support Future Upside

Narrative Update on EcoRodovias Infraestrutura e Logística Analysts are keeping their R$17.62 price target for EcoRodovias Infraestrutura e Logística unchanged, citing a mix of softer expected revenue growth and slightly higher projected profit margins, along with a steady forward P/E assumption. Valuation Changes Fair Value: The R$17.62 fair value estimate is unchanged, indicating no revision to the central valuation point.
CALI3
R$16.30
Construtora Adolpho Lindenberg
7D
-5.5%
1Y
n/a
AZUL53
R$0.00022
Azul
7D
-6.4%
1Y
n/a
PTBL3
R$2.43
PBG
7D
-20.8%
1Y
-33.8%