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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies43
  • 7D2.2%
  • 3M-9.6%
  • 1Y0.3%
  • YTD-8.2%

In the last week, the Industrials industry is up 2.3%, with WEG up 5.6%. Meanwhile, Rumo actually underperformed within the industry, shrinking 6.2% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026R$424.6bR$347.3bR$18.3b9.5x23.2x1.2x
Thu, 21 May 2026R$423.6bR$345.0bR$18.4b10.6x23x1.2x
Sat, 18 Apr 2026R$488.4bR$342.3bR$19.2b13x25.4x1.4x
Mon, 16 Mar 2026R$448.3bR$343.0bR$18.4b10.3x24.4x1.3x
Wed, 11 Feb 2026R$517.6bR$341.8bR$18.4b11.7x28.1x1.5x
Fri, 09 Jan 2026R$467.7bR$344.8bR$18.4b10.7x25.4x1.4x
Sun, 07 Dec 2025R$461.3bR$344.8bR$18.4b10.5x25.1x1.3x
Tue, 04 Nov 2025R$439.6bR$341.6bR$21.0b10x20.9x1.3x
Thu, 02 Oct 2025R$429.1bR$343.5bR$21.0b9.1x20.5x1.2x
Sat, 30 Aug 2025R$435.6bR$343.4bR$20.9b9.1x20.8x1.3x
Mon, 28 Jul 2025R$415.0bR$336.3bR$17.6b8.7x23.5x1.2x
Wed, 25 Jun 2025R$466.3bR$335.3bR$17.5b9.3x26.6x1.4x
Fri, 23 May 2025R$457.9bR$336.1bR$16.8b9.2x27.2x1.4x
Sun, 20 Apr 2025R$463.3bR$326.4bR$15.8b9x29.2x1.4x
Tue, 18 Mar 2025R$468.4bR$324.6bR$17.1b8.4x27.5x1.4x
Thu, 13 Feb 2025R$476.4bR$313.7bR$18.2b8.1x26.2x1.5x
Sat, 11 Jan 2025R$471.5bR$313.7bR$18.5b8x25.4x1.5x
Mon, 09 Dec 2024R$494.0bR$313.7bR$18.5b8.5x26.6x1.6x
Wed, 06 Nov 2024R$508.4bR$299.7bR$17.1b10.6x29.7x1.7x
Fri, 04 Oct 2024R$501.6bR$295.8bR$16.5b10.6x30.5x1.7x
Sun, 01 Sep 2024R$500.6bR$295.7bR$16.5b11.6x30.4x1.7x
Tue, 30 Jul 2024R$462.1bR$282.5bR$18.4b10.5x25.1x1.6x
Thu, 27 Jun 2024R$424.7bR$297.4bR$18.5b11.7x22.9x1.4x
Sat, 25 May 2024R$416.3bR$297.5bR$18.5b12.6x22.5x1.4x
Mon, 22 Apr 2024R$422.4bR$287.3bR$17.2b11.4x24.5x1.5x
Wed, 20 Mar 2024R$437.6bR$285.5bR$17.0b11.9x25.7x1.5x
Fri, 16 Feb 2024R$400.7bR$292.9bR$16.1b10.3x24.9x1.4x
Sun, 14 Jan 2024R$430.3bR$292.2bR$15.5b11.4x27.8x1.5x
Tue, 12 Dec 2023R$429.4bR$292.2bR$15.5b11.8x27.7x1.5x
Thu, 09 Nov 2023R$398.3bR$288.8bR$15.5b11.9x25.6x1.4x
Sat, 07 Oct 2023R$401.8bR$285.9bR$15.3b12.5x26.3x1.4x
Mon, 04 Sep 2023R$433.7bR$285.9bR$15.3b12.6x28.3x1.5x
Wed, 02 Aug 2023R$449.6bR$276.0bR$15.6b13x28.8x1.6x
Fri, 30 Jun 2023R$430.2bR$274.4bR$15.0b12.5x28.7x1.6x
Price to Earnings Ratio

28.7x


Total Market Cap: R$430.2bTotal Earnings: R$15.0bTotal Revenue: R$274.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.6x202420252026
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 25.6x.
  • 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 6.9% 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 Market0.40%
Industrials2.20%
Electrical5.65%
Aerospace & Defense2.88%
Marine and Shipping2.22%
Construction0.84%
Machinery0.61%
Commercial Services0.50%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Trade Distributors-0.035%
Infrastructure-1.08%
Transportation-2.68%
Professional Services-8.53%
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 47.8%, 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 48% 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 9.7% 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$45.255.7%
+R$10.2b		9.2%PE30.2x
EMBJ3 EmbraerR$78.342.7%
+R$1.5b		7.0%PE32.9x
HBSA3 Hidrovias do BrasilR$3.526.7%
+R$299.3m		-3.8%PE339.4x
AZUL3 AzulR$22.803.4%
+R$272.7m		n/aPE1.9x
TUPY3 TupyR$14.457.0%
+R$124.5m		-19.8%PS0.2x

Latest News

VAMO3
R$2.75
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-3.8%
1Y
-40.2%
Narrative Update • Jun 18

VAMO3: April 2026 Shareholder Meeting Will Drive Future Upside Potential

Analysts have slightly reduced their price target for Vamos Locação de Caminhões Máquinas e Equipamentos to R$5.16 from R$5.34. This reflects updated assumptions in their models for more moderate revenue growth, slimmer profit margins and a higher future P/E multiple.
MOTV3
R$13.92
Motiva Infraestrutura de Mobilidade
7D
-0.6%
1Y
1.4%
Narrative Update • Jun 18

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have nudged the Motiva Infraestrutura de Mobilidade price target slightly higher to R$18.53 from R$18.35, reflecting updated assumptions for a smaller revenue decline, a modestly stronger profit margin, and a lower future P/E multiple, partially offset by a higher discount rate. What’s in the News for Motiva Infraestrutura de Mobilidade No recent news stories for Motiva Infraestrutura de Mobilidade have been identified from the provided sources.
WEGE3
R$45.25
WEG
7D
5.7%
1Y
9.2%
Narrative Update • Jun 18

WEGE3: Analyst Day Outlook Will Clarify Undervalued Earnings Power

Analysts have lowered their fair value estimate for WEG to R$52.74 from R$54.26, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for WEG WEG scheduled an Analyst and Investor Day, providing management with a forum to discuss the company’s business outlook, capital allocation priorities and long term positioning with institutional and retail investors.
SIMH3
R$7.50
SIMPAR
7D
-7.1%
1Y
-34.4%
ECOR3
R$6.81
EcoRodovias Infraestrutura e Logística
7D
-3.8%
1Y
-10.7%
Narrative Update • Jun 17

ECOR3: Higher Margin Outlook Supports Bullish View On Future Stock Price

The analyst price target for EcoRodovias Infraestrutura e Logística has been raised from R$9.60 to R$10.00, with analysts citing adjusted assumptions for the discount rate, revenue trends, profit margin and future P/E to support the updated view. What’s in the News for EcoRodovias Infraestrutura e Logística Analysts adjusted their assumptions on discount rate, revenue trends, profit margin and future P/E when revising their price target for EcoRodovias Infraestrutura e Logística to R$10.00.
RAIL3
R$12.47
Rumo
7D
-4.3%
1Y
-30.1%
Narrative Update • Jun 16

RAIL3: Future Dividend Visibility And Margins Support Higher Share Price

Rumo's analyst price target remains at R$23.00, with analysts citing modest adjustments to the discount rate, revenue growth assumptions and profit margin expectations as the key drivers behind the unchanged headline figure. What’s in the News for Rumo Rumo announced an annual dividend of R$0.1084 per share, according to company disclosures.
TUPY3
R$14.45
Tupy
7D
7.0%
1Y
-19.8%
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.
EMBJ3
R$78.34
Embraer
7D
2.7%
1Y
7.0%
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.
ORVR3
R$75.80
Orizon Valorização de Resíduos
7D
0.5%
1Y
43.9%
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$40.82
Localiza Rent a Car
7D
-0.3%
1Y
-6.2%
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.
LOGN3
R$26.75
Log-In Logística Intermodal
7D
-4.3%
1Y
4.6%
MRSA3B
R$39.86
MRS Logística
7D
-6.2%
1Y
51.6%
HBSA3
R$3.52
Hidrovias do Brasil
7D
6.7%
1Y
-3.8%
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$11.50
GPS Participações e Empreendimentos
7D
1.4%
1Y
-16.8%
ALPK3
R$4.41
Allpark Empreendimentos Participações e Serviços
7D
2.6%
1Y
24.6%
AZUL3
R$22.80
Azul
7D
3.4%
1Y
n/a