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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies43
  • 7D-0.3%
  • 3M-14.7%
  • 1Y3.3%
  • YTD-4.2%

The Industrials industry has been flat over the last week, but Embraer has lost 5.5%. The past year has been better, since the industry has gained 3.3% in that time. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026R$442.9bR$347.7bR$19.1b9.8x23.2x1.3x
Fri, 10 Apr 2026R$500.5bR$342.4bR$19.2b13x26.1x1.5x
Sun, 08 Mar 2026R$463.9bR$342.8bR$19.1b10.9x24.3x1.4x
Tue, 03 Feb 2026R$505.0bR$344.8bR$18.4b11.8x27.5x1.5x
Thu, 01 Jan 2026R$465.4bR$344.8bR$18.4b10.6x25.3x1.3x
Sat, 29 Nov 2025R$458.3bR$348.0bR$19.1b11.1x24x1.3x
Mon, 27 Oct 2025R$432.3bR$340.6bR$20.2b9.2x21.4x1.3x
Wed, 24 Sep 2025R$443.3bR$343.5bR$21.0b9x21.1x1.3x
Fri, 22 Aug 2025R$416.7bR$343.2bR$20.8b8.9x20.1x1.2x
Sun, 20 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Tue, 17 Jun 2025R$474.5bR$335.3bR$17.5b9.7x27.1x1.4x
Thu, 15 May 2025R$458.5bR$335.2bR$16.9b9.3x27.1x1.4x
Sat, 12 Apr 2025R$447.5bR$326.4bR$15.8b8.7x28.2x1.4x
Mon, 10 Mar 2025R$460.4bR$324.6bR$17.1b8.4x26.9x1.4x
Wed, 05 Feb 2025R$480.5bR$313.7bR$18.5b8.1x25.9x1.5x
Fri, 03 Jan 2025R$468.0bR$313.7bR$18.5b8x25.2x1.5x
Sun, 01 Dec 2024R$495.8bR$313.6bR$18.6b8.7x26.7x1.6x
Tue, 29 Oct 2024R$503.1bR$295.8bR$16.4b10.8x30.6x1.7x
Thu, 26 Sep 2024R$507.0bR$295.8bR$16.5b11.4x30.8x1.7x
Sat, 24 Aug 2024R$508.4bR$295.7bR$16.4b11.9x30.9x1.7x
Mon, 22 Jul 2024R$461.9bR$282.7bR$18.4b11.3x25.1x1.6x
Wed, 19 Jun 2024R$398.9bR$297.4bR$18.5b11.5x21.5x1.3x
Fri, 17 May 2024R$431.8bR$296.8bR$18.0b11.8x24x1.5x
Sun, 14 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Tue, 12 Mar 2024R$424.6bR$282.9bR$16.8b11.2x25.3x1.5x
Thu, 08 Feb 2024R$398.4bR$290.6bR$15.3b10.2x26x1.4x
Sat, 06 Jan 2024R$432.7bR$292.2bR$15.5b11.3x27.9x1.5x
Mon, 04 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Wed, 01 Nov 2023R$385.8bR$286.3bR$15.5b12.2x24.9x1.3x
Fri, 29 Sep 2023R$420.0bR$285.9bR$15.3b12.5x27.4x1.5x
Sun, 27 Aug 2023R$438.1bR$285.9bR$15.3b12.8x28.6x1.5x
Tue, 25 Jul 2023R$458.4bR$275.3bR$15.5b12.9x29.7x1.7x
Thu, 22 Jun 2023R$431.1bR$274.3bR$15.0b12.7x28.7x1.6x
Sat, 20 May 2023R$426.8bR$274.2bR$22.8b12.3x18.8x1.6x
Price to Earnings Ratio

18.8x


Total Market Cap: R$426.8bTotal Earnings: R$22.8bTotal Revenue: R$274.2bTotal 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 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 declined 5.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.2% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Industrials sector?

BR Market-2.80%
Industrials-0.31%
Marine and Shipping2.34%
Construction1.67%
Electrical1.42%
Transportation0.10%
Building0%0
Logistics0%0
Airlines0%0
Trade Distributors-0.82%
Infrastructure-1.04%
Machinery-1.42%
Commercial Services-1.73%
Aerospace & Defense-5.50%
Industrials-7.04%
Professional Services-11.21%
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 18.0% 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 18% 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$42.992.9%
+R$405.6m		n/aPE9.3x
AZUL3 AzulR$39.002.5%
+R$394.1m		n/aPE18.7x
RENT3 Localiza Rent a CarR$46.080.4%
+R$201.6m		10.4%PE22.4x
HBSA3 Hidrovias do BrasilR$3.363.4%
+R$149.6m		15.5%PE323.9x
MILS3 Mills Locação Serviços e LogísticaR$12.922.9%
+R$83.9m		21.7%PE6.8x

Latest News

HBSA3
R$3.46
Hidrovias do Brasil
7D
6.5%
1Y
18.9%
Analysis Article • 15h

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...
ORVR3
R$80.84
Orizon Valorização de Resíduos
7D
0.05%
1Y
59.5%
GGPS3
R$14.39
GPS Participações e Empreendimentos
7D
-2.0%
1Y
1.4%
EMBJ3
R$74.37
Embraer
7D
-5.5%
1Y
7.3%
Analysis Article • May 11

Embraer S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Embraer S.A. ( BVMF:EMBJ3 ) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to...
RENT3
R$47.02
Localiza Rent a Car
7D
2.4%
1Y
12.6%
Analysis Article • May 11

The Localiza Rent a Car S.A. (BVMF:RENT3) First-Quarter Results Are Out And Analysts Have Published New Forecasts

Shareholders of Localiza Rent a Car S.A. ( BVMF:RENT3 ) will be pleased this week, given that the stock price is up 11...
SIMH3
R$10.11
SIMPAR
7D
-6.9%
1Y
0.7%
MILS3
R$12.83
Mills Locação Serviços e Logística
7D
2.2%
1Y
20.8%
MOTV3
R$15.45
Motiva Infraestrutura de Mobilidade
7D
-1.0%
1Y
15.6%
Narrative Update • May 11

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have nudged their fair value estimate for Motiva Infraestrutura de Mobilidade slightly higher to R$18.97 from R$18.88, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Motiva Infraestrutura de Mobilidade has scheduled a Special/Extraordinary Shareholders Meeting for April 15, 2026, signaling upcoming shareholder decisions that could affect the company’s structure, governance, or capital allocation (Key Developments).
VAMO3
R$3.65
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-7.8%
1Y
-18.9%
RAIL3
R$16.18
Rumo
7D
-0.7%
1Y
-10.8%
Narrative Update • May 09

RAIL3: Higher Discount Rate And Lower P/E Will Pressure Future Returns

Analysts have reduced their Rumo fair value estimate from R$15.27 to R$14.64, citing updated assumptions for discount rates, revised revenue growth expectations, adjusted margin forecasts, and a new future P/E of 17.07x. What's in the News Rumo S.A. set an annual dividend of R$0.1084 per share, with payment scheduled for November 30, 2026 (Key Developments).
MOVI3
R$10.55
Movida Participações
7D
-12.6%
1Y
50.7%
Analysis Article • May 08

Analysts Are Updating Their Movida Participações S.A. (BVMF:MOVI3) Estimates After Its First-Quarter Results

Shareholders might have noticed that Movida Participações S.A. ( BVMF:MOVI3 ) filed its first-quarter result this time...
WEGE3
R$44.16
WEG
7D
1.4%
1Y
0.4%
Narrative Update • May 02

WEGE3: Q4 Miss And Guidance Reset Will Support Long-Term Upside Potential

Analysts now see WEG's fair value holding at R$70.00, but the average price target edging down by R$1 to R$49.00 as they factor in the Q4 miss and softer guidance, along with slightly higher discount rates and adjusted growth and margin assumptions. Analyst Commentary The latest update from JPMorgan reflects how recent results and guidance are reshaping the way the market values WEG.
ARML3
R$4.17
Armac Locação Logística e Serviços
7D
-9.0%
1Y
-7.9%
TUPY3
R$14.41
Tupy
7D
0.3%
1Y
-25.5%
Narrative Update • Apr 28

TUPY3: Higher Future P E Multiple Will Support Bullish Repricing

Analysts have nudged their price target for Tupy slightly higher to R$30.58 from R$30.28, reflecting updated assumptions on revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: R$30.28 to R$30.58, a small upward revision in the modelled estimate.
MRSA3B
R$42.99
MRS Logística
7D
2.9%
1Y
n/a
NORD3
R$2.29
Nordon Indústrias Metalúrgicas S/A
7D
9.6%
1Y
-61.1%