EcoRodovias Infraestrutura e Logística S.A.'s (BVMF:ECOR3) P/E Is Still On The Mark Following 27% Share Price Bounce
Mar 19
Brazilian (BOVESPA) Infrastructure Industry Analysis
UpdatedMar 23, 2023
DataAggregated Company Financials
Companies5
- 7D0.2%
- 3M3.4%
- 1Y-13.9%
- YTD11.5%
Over the last 7 days, the Infrastructure industry has remained flat, although notably EcoRodovias Infraestrutura e Logística gained 5.2%. Unfortunately though, the industry is down 9.7% over the past 12 months. Looking forward, earnings are forecast to decline by 18% per year.
Industry Valuation and Performance
Has the Brazilian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Mar 2023 | R$39.0b | R$30.6b | R$5.1b | 14.4x | 7.7x | 1.3x |
| Sat, 18 Feb 2023 | R$36.3b | R$29.9b | R$5.0b | 16.7x | 7.3x | 1.2x |
| Mon, 16 Jan 2023 | R$38.3b | R$29.2b | R$5.0b | 17.7x | 7.6x | 1.3x |
| Wed, 14 Dec 2022 | R$33.6b | R$29.2b | R$5.0b | 15.1x | 6.7x | 1.2x |
| Fri, 11 Nov 2022 | R$37.8b | R$28.3b | R$4.7b | 18.1x | 8.1x | 1.3x |
| Sun, 09 Oct 2022 | R$40.8b | R$27.9b | R$4.7b | 18.3x | 8.7x | 1.5x |
| Tue, 06 Sep 2022 | R$45.0b | R$27.9b | R$4.7b | 17.8x | 9.6x | 1.6x |
| Thu, 04 Aug 2022 | R$40.8b | R$26.6b | R$4.3b | 11.4x | 9.5x | 1.5x |
| Sat, 02 Jul 2022 | R$38.7b | R$26.4b | R$4.5b | 10.9x | 8.7x | 1.5x |
| Mon, 30 May 2022 | R$42.3b | R$21.8b | R$1.5b | 17.9x | 27.5x | 1.9x |
| Wed, 27 Apr 2022 | R$42.8b | R$21.6b | R$1.6b | 23x | 27.3x | 2x |
| Fri, 25 Mar 2022 | R$45.3b | R$21.6b | R$1.8b | 20.8x | 24.5x | 2.1x |
| Sun, 20 Feb 2022 | R$41.5b | R$21.0b | R$1.2b | 27.2x | 35.6x | 2x |
| Tue, 18 Jan 2022 | R$40.2b | R$22.1b | R$1.7b | 18.9x | 24.1x | 1.8x |
| Thu, 16 Dec 2021 | R$44.6b | R$22.2b | R$1.7b | 21.8x | 26.3x | 2x |
| Sat, 13 Nov 2021 | R$44.9b | R$22.4b | R$1.3b | 17.9x | 35.1x | 2x |
| Mon, 11 Oct 2021 | R$43.4b | R$20.0b | R$868.5m | 27.1x | 50x | 2.2x |
| Wed, 08 Sep 2021 | R$41.6b | R$19.8b | R$844.1m | 26.5x | 49.3x | 2.1x |
| Fri, 06 Aug 2021 | R$45.3b | R$19.8b | R$844.1m | 27.7x | 53.6x | 2.3x |
| Mon, 10 May 2021 | R$34.7b | R$14.9b | R$955.8m | 30.4x | 36.3x | 2.3x |
| Sun, 31 Jan 2021 | R$34.4b | R$13.6b | R$467.8m | 30.4x | 73.5x | 2.5x |
| Wed, 04 Nov 2020 | R$29.1b | R$13.9b | R$692.1m | 37x | 42x | 2.1x |
| Sat, 08 Aug 2020 | R$37.2b | R$14.3b | R$922.2m | 35x | 40.3x | 2.6x |
| Fri, 01 May 2020 | R$29.9b | R$14.9b | R$1.3b | 24.2x | 22.4x | 2x |
Price to Earnings Ratio
21.7x
Current Industry PE
- Investors are pessimistic on the Brazilian Infrastructure 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 7.6x which is lower than its 3-year average PE of 32.3x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 27% 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 | -3.14% | |
| Industrials | -2.82% | |
| Infrastructure | 0.18% | |
| Highways and Railtracks | 1.51% | |
| Airport Services | 0% | |
| Marine Ports and Services | -2.99% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry even though it's trading below its 3-year average PE ratio of 46.6x.
- Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 78.5% per year.
- Investors are most pessimistic about the Highways and Railtracks industry, which is trading below its 3-year average of 33.1x.
Forecasted Growth
- Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 79% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings decline by 32% 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 | |
|---|---|---|---|---|---|
| CCRO3 CCR | R$12.09 | 1.5% +R$363.6m | -14.1% | PE5.9x | |
| ECOR3 EcoRodovias Infraestrutura e Logística | R$4.81 | 1.5% +R$48.7m | -37.5% | PE13.2x | |
| TPIS3 Triunfo Participações e Investimentos | R$0.87 | 1.2% +R$1.7m | -56.7% | PS0.1x |
