Narrative Update • May 19
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Brazilian (BOVESPA) Industrials Sector Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies43
- 7D0.2%
- 3M-15.5%
- 1Y-1.5%
- YTD-7.9%
The Industrials industry is up 3.8% in the last week, with WEG up 2.0%. During this same period, the Azul underperformed, falling 31%. The industry has been flat over the past 12 months despite the gain this week. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | R$425.8b | R$347.3b | R$18.4b | 10.3x | 23.2x | 1.2x |
| Fri, 24 Apr 2026 | R$474.0b | R$342.3b | R$19.2b | 13x | 24.7x | 1.4x |
| Sun, 22 Mar 2026 | R$443.1b | R$344.5b | R$18.6b | 10.1x | 23.8x | 1.3x |
| Tue, 17 Feb 2026 | R$517.1b | R$341.8b | R$18.4b | 11.3x | 28.1x | 1.5x |
| Thu, 15 Jan 2026 | R$462.4b | R$344.8b | R$18.4b | 10.6x | 25.1x | 1.3x |
| Sat, 13 Dec 2025 | R$471.4b | R$344.8b | R$18.4b | 10.6x | 25.6x | 1.4x |
| Mon, 10 Nov 2025 | R$453.5b | R$341.4b | R$20.8b | 10.2x | 21.8x | 1.3x |
| Wed, 08 Oct 2025 | R$407.3b | R$343.5b | R$21.0b | 8.9x | 19.4x | 1.2x |
| Fri, 05 Sep 2025 | R$437.5b | R$343.4b | R$20.9b | 9.1x | 20.9x | 1.3x |
| Sun, 03 Aug 2025 | R$426.9b | R$336.3b | R$18.3b | 8.9x | 23.4x | 1.3x |
| Tue, 01 Jul 2025 | R$471.0b | R$335.3b | R$17.5b | 9.1x | 26.9x | 1.4x |
| Thu, 29 May 2025 | R$472.9b | R$336.1b | R$16.6b | 9.2x | 28.4x | 1.4x |
| Sat, 26 Apr 2025 | R$490.8b | R$326.5b | R$15.8b | 9.5x | 31x | 1.5x |
| Mon, 24 Mar 2025 | R$465.5b | R$326.5b | R$17.6b | 8.1x | 26.5x | 1.4x |
| Wed, 19 Feb 2025 | R$481.4b | R$313.7b | R$18.2b | 8.2x | 26.5x | 1.5x |
| Fri, 17 Jan 2025 | R$473.1b | R$313.7b | R$18.5b | 7.9x | 25.5x | 1.5x |
| Sun, 15 Dec 2024 | R$517.2b | R$313.7b | R$18.5b | 8.7x | 27.9x | 1.6x |
| Tue, 12 Nov 2024 | R$506.6b | R$305.2b | R$18.3b | 8.8x | 27.7x | 1.7x |
| Thu, 10 Oct 2024 | R$493.8b | R$295.8b | R$16.5b | 10.3x | 30x | 1.7x |
| Sat, 07 Sep 2024 | R$494.9b | R$295.7b | R$16.5b | 11.5x | 30.1x | 1.7x |
| Mon, 05 Aug 2024 | R$482.0b | R$286.1b | R$18.7b | 10.3x | 25.8x | 1.7x |
| Wed, 03 Jul 2024 | R$421.4b | R$282.9b | R$18.4b | 11x | 22.9x | 1.5x |
| Fri, 31 May 2024 | R$408.6b | R$297.5b | R$18.5b | 12.5x | 22.1x | 1.4x |
| Sun, 28 Apr 2024 | R$426.4b | R$287.3b | R$17.2b | 11.5x | 24.7x | 1.5x |
| Tue, 26 Mar 2024 | R$439.0b | R$286.1b | R$18.2b | 11.3x | 24.1x | 1.5x |
| Thu, 22 Feb 2024 | R$408.9b | R$292.9b | R$16.1b | 10x | 25.4x | 1.4x |
| Sat, 20 Jan 2024 | R$415.5b | R$292.2b | R$15.5b | 11.2x | 26.8x | 1.4x |
| Mon, 18 Dec 2023 | R$442.1b | R$292.1b | R$15.5b | 11.7x | 28.5x | 1.5x |
| Wed, 15 Nov 2023 | R$399.3b | R$291.1b | R$15.5b | 12.1x | 25.8x | 1.4x |
| Fri, 13 Oct 2023 | R$410.9b | R$285.9b | R$15.3b | 12.4x | 26.9x | 1.4x |
| Sun, 10 Sep 2023 | R$420.6b | R$285.9b | R$15.3b | 12.6x | 27.5x | 1.5x |
| Tue, 08 Aug 2023 | R$455.9b | R$276.9b | R$15.6b | 13x | 29.2x | 1.6x |
| Thu, 06 Jul 2023 | R$438.9b | R$274.4b | R$15.0b | 12.7x | 29.3x | 1.6x |
| Sat, 03 Jun 2023 | R$434.3b | R$273.8b | R$15.2b | 12.7x | 28.6x | 1.6x |
Price to Earnings Ratio
28.6x
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 3-year average PS ratio of 1.5x 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 6.6% per year over the last three years.
- Revenues for these companies have grown 8.3% 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 | -0.27% | |
| Industrials | 0.20% | |
| Trade Distributors | 10.68% | |
| Aerospace & Defense | 2.89% | |
| Electrical | 2.02% | |
| Machinery | 0.73% | |
| Building | 0% | 0 |
| Construction | 0% | 0 |
| Industrials | 0% | 0 |
| Logistics | 0% | 0 |
| Airlines | 0% | 0 |
| Marine and Shipping | -0.17% | |
| Professional Services | -1.67% | |
| Transportation | -2.37% | |
| Commercial Services | -3.16% | |
| Infrastructure | -4.42% | |
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 37.1%, which is higher than its past year's earnings growth of 15.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WEGE3 WEG | R$43.44 | 2.0% +R$3.6b | -2.7% | PE29x | |
| EMBJ3 Embraer | R$72.38 | 2.8% +R$1.4b | 8.2% | PE30.4x | |
| MILS3 Mills Locação Serviços e Logística | R$15.05 | 12.8% +R$387.6m | 40.3% | PE7.9x | |
| MOVI3 Movida Participações | R$10.03 | 5.0% +R$162.2m | 40.9% | PE9.3x | |
| ARML3 Armac Locação Logística e Serviços | R$3.78 | 13.9% +R$159.3m | -19.6% | PE19.3x |
