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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies43
  • 7D0.07%
  • 3M-7.3%
  • 1Y-1.8%
  • YTD-9.7%

The Industrials is pretty flat in the last 7 days, but Embraer has stood out, gaining 7.2%. In line with that, the industry has also been flat over the past 12 months. 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
Tue, 16 Jun 2026R$413.8bR$347.3bR$18.3b9.7x22.6x1.2x
Thu, 14 May 2026R$425.8bR$345.3bR$19.1b9.3x22.3x1.2x
Sat, 11 Apr 2026R$502.1bR$342.4bR$19.2b12.9x26.1x1.5x
Mon, 09 Mar 2026R$463.9bR$342.8bR$19.1b10.9x24.3x1.4x
Wed, 04 Feb 2026R$509.3bR$344.8bR$18.4b11.9x27.7x1.5x
Fri, 02 Jan 2026R$465.4bR$344.8bR$18.4b10.6x25.3x1.3x
Sun, 30 Nov 2025R$462.0bR$348.0bR$19.1b11.1x24.2x1.3x
Tue, 28 Oct 2025R$434.9bR$340.6bR$20.2b9.3x21.5x1.3x
Thu, 25 Sep 2025R$440.1bR$343.5bR$21.0b9x21x1.3x
Sat, 23 Aug 2025R$431.1bR$343.2bR$20.8b9x20.8x1.3x
Mon, 21 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Wed, 18 Jun 2025R$467.1bR$335.3bR$17.5b9.7x26.7x1.4x
Fri, 16 May 2025R$461.3bR$335.2bR$16.8b9.3x27.5x1.4x
Sun, 13 Apr 2025R$447.5bR$326.4bR$15.8b8.7x28.2x1.4x
Tue, 11 Mar 2025R$458.0bR$324.6bR$17.1b8.3x26.8x1.4x
Thu, 06 Feb 2025R$478.9bR$313.7bR$18.5b8x25.8x1.5x
Sat, 04 Jan 2025R$466.6bR$313.7bR$18.5b8.1x25.2x1.5x
Mon, 02 Dec 2024R$495.8bR$313.6bR$18.6b8.7x26.7x1.6x
Wed, 30 Oct 2024R$510.5bR$295.8bR$16.4b10.7x31x1.7x
Fri, 27 Sep 2024R$510.4bR$295.8bR$16.5b11.4x31x1.7x
Sun, 25 Aug 2024R$508.3bR$295.7bR$16.4b11.9x30.9x1.7x
Tue, 23 Jul 2024R$461.0bR$282.7bR$18.4b11.4x25.1x1.6x
Thu, 20 Jun 2024R$405.7bR$297.4bR$18.5b11.6x21.9x1.4x
Sat, 18 May 2024R$431.6bR$297.2bR$18.3b11.2x23.5x1.5x
Mon, 15 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Wed, 13 Mar 2024R$428.5bR$282.9bR$16.8b11.3x25.5x1.5x
Fri, 09 Feb 2024R$404.6bR$290.6bR$15.3b9.9x26.4x1.4x
Sun, 07 Jan 2024R$434.3bR$292.2bR$15.5b11.3x28x1.5x
Tue, 05 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Thu, 02 Nov 2023R$385.8bR$286.3bR$15.3b11.9x25.2x1.3x
Sat, 30 Sep 2023R$420.0bR$285.9bR$15.3b12.5x27.4x1.5x
Mon, 28 Aug 2023R$432.7bR$285.9bR$15.3b12.8x28.3x1.5x
Wed, 26 Jul 2023R$458.4bR$275.3bR$15.5b12.9x29.7x1.7x
Fri, 23 Jun 2023R$431.1bR$274.3bR$15.0b12.7x28.7x1.6x
Price to Earnings Ratio

28.7x


Total Market Cap: R$431.1bTotal Earnings: R$15.0bTotal Revenue: R$274.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.6x202420252026
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 22.6x which is lower than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 1.4x 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 6.8% 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 Market0.21%
Industrials0.071%
Professional Services10.35%
Aerospace & Defense7.12%
Marine and Shipping3.78%
Machinery1.21%
Trade Distributors0.19%
Building0%0
Logistics0%0
Airlines0%0
Industrials-0.062%
Infrastructure-0.43%
Transportation-0.59%
Electrical-1.27%
Commercial Services-2.93%
Construction-3.32%
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 63.0%, which is higher than its past year's earnings decline of 51.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 9.2% 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
EMBJ3 EmbraerR$77.997.2%
+R$3.7b		11.3%PE32.8x
AZUL3 AzulR$22.225.6%
+R$428.3m		n/aPE1.8x
HBSA3 Hidrovias do BrasilR$3.336.7%
+R$285.7m		-12.6%PE321.1x
VAMO3 Vamos Locação de Caminhões Máquinas e EquipamentosR$2.983.1%
+R$95.9m		-40.4%PE10.3x
MOVI3 Movida ParticipaçõesR$9.542.0%
+R$64.2m		15.2%PE8.8x

Latest News

TUPY3
R$13.84
Tupy
7D
2.1%
1Y
-25.1%
Narrative Update • Jun 15

TUPY3: 2026 Guidance And Higher Future P/E Support Bullish Case

Analysts have raised Tupy's price target from R$17.50 to R$56.67, citing updated assumptions that include slightly higher revenue growth, profit margin expectations, and a higher future P/E multiple. What's in the News Tupy issued earnings guidance for 2026, indicating an expectation for total revenue to exceed R$600 million.
ECOR3
R$7.25
EcoRodovias Infraestrutura e Logística
7D
-1.4%
1Y
-4.6%
EMBJ3
R$77.99
Embraer
7D
7.2%
1Y
11.3%
Narrative Update • Jun 09

EMBJ3: Backlog Visibility And Cash Generation Will Support Future Rerating

Analysts have trimmed Embraer's fair value estimate to R$100.12 from R$106.74 as they reset assumptions around discount rate, revenue growth, profit margin, and future P/E, while still highlighting the company's diversified aerospace exposure, sizable R$33.4b backlog, and valuation gap versus larger peers in recent research. Analyst Commentary Recent research shows that bullish analysts see room for upside in Embraer, even after fair value estimates have been trimmed.
KEPL3
R$6.58
Kepler Weber
7D
4.8%
1Y
-20.7%
ORVR3
R$77.03
Orizon Valorização de Resíduos
7D
-2.6%
1Y
47.2%
Narrative Update • Jun 06

ORVR3: Future Returns Will Rely On Biomethane Expansion And Index Inclusion

Analysts now view Orizon Valorização de Resíduos as fairly valued at approximately R$92.85 per share. The latest price target reflects updated assumptions for discount rates, revenue growth, profit margins and a lower forward P/E multiple.
RENT3
R$40.65
Localiza Rent a Car
7D
-0.5%
1Y
-8.9%
Narrative Update • Jun 05

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

Analysts have slightly reduced their price target on Localiza Rent a Car to R$59.06 from about R$59.28, reflecting updated views on discount rates, profit margins, and future P/E following recent research, including the latest downgrade. What's in the News Localiza Rent a Car S.A. has been removed as an index constituent, according to recent index change data.
VAMO3
R$2.98
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
3.1%
1Y
-40.4%
Narrative Update • Jun 04

VAMO3: Extraordinary Meeting Will Shape Future Upside Potential

Analysts have trimmed their price target for Vamos Locação de Caminhões Máquinas e Equipamentos slightly, citing updated assumptions that now reflect a fair value of around R$5.34 with modest adjustments to the discount rate, revenue growth, profit margin, and forward P/E expectations. What's in the News Special and extraordinary shareholders meeting for Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. scheduled for Apr 29, 2026, according to Key Developments data.
WEGE3
R$42.78
WEG
7D
-1.3%
1Y
3.3%
Narrative Update • Jun 03

WEGE3: Higher Required Returns Will Pressure Already Stretched Share Pricing

Analysts trimmed their WEG price target slightly to R$37.30 from R$38.00, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E levels. What's in the News WEG S.A. held an Analyst/Investor Day, providing the market with updated information on the business and medium to long term priorities.
RAIL3
R$13.27
Rumo
7D
-1.6%
1Y
-28.3%
Narrative Update • Jun 02

RAIL3: Dividend And Stronger Revenue Outlook Will Support Richer P/E Multiple

Analysts have trimmed their Rumo fair value estimate from R$24.00 to R$23.00, citing updated assumptions that include a different discount rate, higher projected revenue growth, lower profit margin expectations and a higher future P/E multiple. What's in the News Rumo S.A. declared an annual dividend of R$0.1084 per share.
MOTV3
R$13.98
Motiva Infraestrutura de Mobilidade
7D
-0.4%
1Y
2.0%
Narrative Update • Jun 02

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have trimmed their price target for Motiva Infraestrutura de Mobilidade from R$18.97 to R$18.35, citing slightly weaker revenue growth assumptions, partly offset by a modestly higher projected profit margin and a similar forward P/E multiple. What's in the News Motiva Infraestrutura de Mobilidade has scheduled a Special and Extraordinary Shareholders Meeting for April 15, 2026, according to company disclosures.
VLID3
R$17.50
Valid Soluções
7D
2.9%
1Y
-29.3%
MOVI3
R$9.54
Movida Participações
7D
2.0%
1Y
15.2%
HBSA3
R$3.33
Hidrovias do Brasil
7D
6.7%
1Y
-12.6%
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$11.38
GPS Participações e Empreendimentos
7D
-6.0%
1Y
-18.1%
SIMH3
R$8.30
SIMPAR
7D
-3.0%
1Y
-29.5%
AZUL3
R$22.22
Azul
7D
5.6%
1Y
n/a