Capital Allocation Trends At Ambipar Participações e Empreendimentos (BVMF:AMBP3) Aren't Ideal
Jun 23
Brazilian (BOVESPA) Commercial Services Industry Analysis
UpdatedJun 26, 2024
DataAggregated Company Financials
Companies7
- 7D2.9%
- 3M-14.7%
- 1Y1.3%
- YTD-8.6%
Over the last 7 days, the Commercial Services industry has risen 2.5%, driven by gains from Ambipar Participações e Empreendimentos of 22%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Brazilian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 26 Jun 2024 | R$20.4b | R$23.4b | R$912.1m | 17.9x | 22.4x | 0.9x |
| Fri, 24 May 2024 | R$21.7b | R$23.4b | R$911.5m | 19.2x | 23.8x | 0.9x |
| Sun, 21 Apr 2024 | R$21.5b | R$22.6b | R$852.7m | 19.6x | 25.2x | 1x |
| Tue, 19 Mar 2024 | R$22.5b | R$22.4b | R$608.3m | 17.9x | 37x | 1x |
| Thu, 15 Feb 2024 | R$20.9b | R$21.7b | R$519.0m | 13.2x | 40.3x | 1x |
| Sat, 13 Jan 2024 | R$21.4b | R$21.7b | R$519.0m | 14.4x | 41.2x | 1x |
| Mon, 11 Dec 2023 | R$21.6b | R$21.7b | R$519.0m | 15.5x | 41.7x | 1x |
| Wed, 08 Nov 2023 | R$19.4b | R$21.0b | R$432.7m | 18.3x | 44.9x | 0.9x |
| Fri, 06 Oct 2023 | R$20.3b | R$20.6b | R$406.3m | 17.9x | 49.9x | 1x |
| Sun, 03 Sep 2023 | R$22.0b | R$20.6b | R$406.3m | 18.9x | 54.2x | 1.1x |
| Tue, 01 Aug 2023 | R$21.1b | R$19.8b | R$246.1m | 19.9x | 85.6x | 1.1x |
| Thu, 29 Jun 2023 | R$18.9b | R$19.8b | R$246.1m | 15.6x | 76.7x | 1x |
| Sat, 27 May 2023 | R$18.3b | R$19.4b | R$420.0m | 16.5x | 43.6x | 0.9x |
| Mon, 24 Apr 2023 | R$15.6b | R$18.6b | R$332.8m | 15.8x | 46.8x | 0.8x |
| Wed, 22 Mar 2023 | R$14.7b | R$18.1b | R$395.6m | 13.5x | 37.2x | 0.8x |
| Fri, 17 Feb 2023 | R$15.1b | R$17.9b | R$294.8m | 12.7x | 51.3x | 0.8x |
| Sun, 15 Jan 2023 | R$14.5b | R$17.9b | R$294.8m | 12.2x | 49.2x | 0.8x |
| Tue, 13 Dec 2022 | R$13.8b | R$17.9b | R$294.8m | 12x | 46.7x | 0.8x |
| Thu, 10 Nov 2022 | R$17.5b | R$16.6b | R$289.9m | 15.8x | 60.5x | 1.1x |
| Sat, 08 Oct 2022 | R$17.6b | R$17.3b | R$143.1m | 15.7x | 123.1x | 1x |
| Mon, 05 Sep 2022 | R$17.4b | R$17.2b | R$160.5m | 16x | 108.2x | 1x |
| Wed, 03 Aug 2022 | R$16.0b | R$15.8b | R$193.2m | 18.4x | 82.6x | 1x |
| Fri, 01 Jul 2022 | R$13.2b | R$15.9b | R$801.5m | 12.8x | 16.5x | 0.8x |
| Sun, 29 May 2022 | R$17.9b | R$15.8b | R$769.2m | 18x | 23.3x | 1.1x |
| Tue, 26 Apr 2022 | R$18.5b | R$14.4b | R$149.0m | 21.5x | 124.4x | 1.3x |
| Thu, 24 Mar 2022 | R$19.7b | R$14.1b | R$226.0m | 20.7x | 87.3x | 1.4x |
| Sat, 19 Feb 2022 | R$19.9b | R$13.1b | R$130.1m | 29.5x | 153.2x | 1.5x |
| Mon, 17 Jan 2022 | R$18.3b | R$12.0b | R$232.4m | 28x | 78.6x | 1.5x |
| Wed, 15 Dec 2021 | R$20.1b | R$12.0b | R$232.4m | 31.5x | 86.7x | 1.7x |
| Fri, 12 Nov 2021 | R$20.4b | R$10.8b | R$100.5m | 34.3x | 202.6x | 1.9x |
| Sun, 10 Oct 2021 | R$21.3b | R$10.8b | R$100.5m | 34.4x | 212.4x | 2x |
| Tue, 07 Sep 2021 | R$23.6b | R$10.8b | R$100.5m | 34.4x | 235x | 2.2x |
| Thu, 05 Aug 2021 | R$23.9b | R$10.8b | R$100.5m | 38.3x | 238.1x | 2.2x |
Price to Earnings Ratio
232.7x
Current Industry PE
- Investors are pessimistic on the Brazilian Commercial Services 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 22.2x which is lower than its 3-year average PE of 80.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 109% per year over the last three years.
- Revenues for these companies have grown 30% 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 industry?
| BR Market | 1.84% | |
| Industrials | 4.25% | |
| Commercial Services | 2.94% | |
| Environmental and Facilities Services | 3.19% | |
| Diversified Support Services | 2.26% | |
| Office Services and Supplies | 0% | |
| Security and Alarm Services | 0% | |
| Commercial Printing | -0.46% | |
Industry PE
- Investors are most optimistic about the Diversified Support Services industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Commercial Printing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.4x.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 27% per year 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 | |
|---|---|---|---|---|---|
| GGPS3 GPS Participações e Empreendimentos | R$17.49 | 2.2% +R$256.4m | 9.7% | PE17.9x | |
| AMBP3 Ambipar Participações e Empreendimentos | R$10.55 | 14.9% +R$228.8m | -44.4% | PS0.4x | |
| ALPK3 Allpark Empreendimentos Participações e Serviços | R$3.30 | 11.9% +R$75.6m | -18.3% | PS0.5x | |
| ORVR3 Orizon Valorização de Resíduos | R$37.88 | 1.0% +R$31.5m | 8.2% | PE28.4x | |
| PRNR3 Priner Serviços Industriais | R$10.40 | 2.3% +R$10.3m | 12.1% | PE57x |
