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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies45
  • 7D-1.0%
  • 3M11.1%
  • 1Y6.3%
  • YTD2.9%

Over the last 7 days, the Industrials industry has dropped 1.0%, driven by a pullback from WEG of 3.3%. On the other hand MRS Logística is actually up 29%. This takes the industry's 12 month performance to a gain of 6.3%. 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
Thu, 25 Dec 2025R$458.9bR$344.8bR$18.4b10.5x25x1.3x
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
Wed, 08 Mar 2023R$397.4bR$249.8bR$18.6b10.3x21.4x1.6x
Fri, 03 Feb 2023R$397.4bR$234.4bR$16.8b11.9x23.6x1.7x
Sun, 01 Jan 2023R$383.1bR$234.3bR$16.8b10.2x22.8x1.6x
Price to Earnings Ratio

22.8x


Total Market Cap: R$383.1bTotal 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 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
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-0.59%
Industrials-1.01%
Construction13.33%
Aerospace & Defense2.14%
Transportation1.67%
Trade Distributors0.25%
Infrastructure0.073%
Logistics0%0
Airlines0%0
Machinery-0.34%
Marine and Shipping-2.05%
Commercial Services-2.45%
Professional Services-2.59%
Building-2.80%
Electrical-3.32%
Industrials-3.69%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 12.7x.
    • 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
MRSA3B MRS LogísticaR$40.0029.4%
+R$3.1b		37.9%PE8.9x
EMBJ3 EmbraerR$89.903.6%
+R$2.2b		59.9%PE36x
RENT3 Localiza Rent a CarR$44.903.6%
+R$1.7b		38.0%PE26.7x
JSLG3 JSLR$7.9113.6%
+R$270.2m		33.8%PE23.9x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$10.423.4%
+R$236.5m		146.9%PE7.9x

Latest News

GGPS3
R$15.96
GPS Participações e Empreendimentos
7D
-6.3%
1Y
24.9%

Is GPS Participações e Empreendimentos (BVMF:GGPS3) Using Too Much Debt?

Dec 23
Is GPS Participações e Empreendimentos (BVMF:GGPS3) Using Too Much Debt?
MOVI3
R$9.57
Movida Participações
7D
-9.9%
1Y
152.5%
RAIL3
R$14.63
Rumo
7D
-0.7%
1Y
-19.6%

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.
MILS3
R$13.85
Mills Locação Serviços e Logística
7D
3.1%
1Y
62.9%

MILS3: Improved Margins And December Meeting Will Drive Upside Potential

Analysts have modestly revised their price target for Mills Locação Serviços e Logística to R$15.36, effectively unchanged from the prior R$15.36. They cited a slightly lower assumed discount rate, softer revenue growth expectations, improved profit margin forecasts, and a marginally cheaper projected future P E multiple.
ECOR3
R$10.42
EcoRodovias Infraestrutura e Logística
7D
1.5%
1Y
143.5%

The Returns On Capital At EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Don't Inspire Confidence

Dec 19
The Returns On Capital At EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Don't Inspire Confidence
ORVR3
R$68.80
Orizon Valorização de Resíduos
7D
0.9%
1Y
77.4%
FRIO3
R$167.98
Metalfrio Solutions
7D
-20.0%
1Y
-9.2%

Does Metalfrio Solutions (BVMF:FRIO3) Have A Healthy Balance Sheet?

Dec 18
Does Metalfrio Solutions (BVMF:FRIO3) Have A Healthy Balance Sheet?
SIMH3
R$5.19
SIMPAR
7D
-8.6%
1Y
44.6%
MRSA3B
R$40.00
MRS Logística
7D
29.4%
1Y
37.9%
VAMO3
R$3.19
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-7.5%
1Y
-36.5%

VAMO3 Moderate Outlook Will Balance Slower Expansion With Higher Profitability

Analysts have modestly reduced their price target on Vamos Locação de Caminhões Máquinas e Equipamentos by approximately R$0.20 per share, citing slower expected revenue growth and a slightly higher discount rate. These factors are partly offset by improved profit margin assumptions and a lower future P/E multiple.
WEGE3
R$48.28
WEG
7D
-3.3%
1Y
-11.0%

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.
RENT3
R$44.90
Localiza Rent a Car
7D
-0.9%
1Y
36.6%

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$89.90
Embraer
7D
2.2%
1Y
61.8%

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.
JSLG3
R$7.91
JSL
7D
11.9%
1Y
31.6%
ALPK3
R$4.70
Allpark Empreendimentos Participações e Serviços
7D
8.3%
1Y
99.2%

Allpark Empreendimentos Participações e Serviços (BVMF:ALPK3) Shareholders Will Want The ROCE Trajectory To Continue

Nov 30
Allpark Empreendimentos Participações e Serviços (BVMF:ALPK3) Shareholders Will Want The ROCE Trajectory To Continue
OPCT3
R$8.15
OceanPact Serviços Marítimos
7D
4.6%
1Y
52.1%