Is EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Using Too Much Debt?
Nov 08
Have your own idea? Try our Stock Screener
Brazilian (BOVESPA) Infrastructure Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies4
- 7D1.0%
- 3M19.3%
- 1Y31.2%
- YTD51.9%
Over the last 7 days, the Infrastructure industry has risen 1.0%, driven by gains from EcoRodovias Infraestrutura e Logística of 12%. During this same period, the Triunfo Participações e Investimentos underperformed, falling 10.0%. In the last 12 months, the industry was up 31%. Earnings are forecast to grow by 4.2% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 12 Nov 2025 | R$46.3b | R$36.7b | R$4.2b | 11.2x | 10.9x | 1.3x |
| Fri, 10 Oct 2025 | R$54.1b | R$39.3b | R$4.3b | 12.6x | 12.6x | 1.4x |
| Sun, 07 Sep 2025 | R$56.3b | R$39.3b | R$4.3b | 12.9x | 13.1x | 1.4x |
| Tue, 05 Aug 2025 | R$50.2b | R$39.1b | R$4.2b | 12.9x | 12x | 1.3x |
| Thu, 03 Jul 2025 | R$52.1b | R$39.4b | R$3.6b | 14.2x | 14.4x | 1.3x |
| Sat, 31 May 2025 | R$51.4b | R$39.4b | R$3.6b | 14.1x | 14.2x | 1.3x |
| Mon, 28 Apr 2025 | R$50.7b | R$38.8b | R$3.4b | 15.7x | 15x | 1.3x |
| Wed, 26 Mar 2025 | R$46.7b | R$38.7b | R$3.4b | 15.5x | 13.6x | 1.2x |
| Fri, 21 Feb 2025 | R$46.2b | R$38.3b | R$3.4b | 14.9x | 13.5x | 1.2x |
| Sun, 19 Jan 2025 | R$43.5b | R$38.3b | R$3.8b | 13.5x | 11.6x | 1.1x |
| Tue, 17 Dec 2024 | R$43.3b | R$38.3b | R$3.8b | 13.3x | 11.5x | 1.1x |
| Thu, 14 Nov 2024 | R$47.0b | R$38.3b | R$3.8b | 14.5x | 12.5x | 1.2x |
| Sat, 12 Oct 2024 | R$49.5b | R$36.8b | R$3.4b | 17.3x | 14.4x | 1.3x |
| Mon, 09 Sep 2024 | R$52.0b | R$36.8b | R$3.4b | 17.3x | 15.1x | 1.4x |
| Wed, 07 Aug 2024 | R$50.4b | R$36.4b | R$3.3b | 16.4x | 15.1x | 1.4x |
| Fri, 05 Jul 2024 | R$48.8b | R$34.6b | R$3.2b | 16.1x | 15.3x | 1.4x |
| Sun, 02 Jun 2024 | R$46.0b | R$34.6b | R$3.2b | 16.1x | 14.4x | 1.3x |
| Tue, 30 Apr 2024 | R$49.7b | R$33.4b | R$3.2b | 16.6x | 15.7x | 1.5x |
| Thu, 28 Mar 2024 | R$52.9b | R$33.4b | R$3.2b | 18.2x | 16.7x | 1.6x |
| Sat, 24 Feb 2024 | R$50.8b | R$32.3b | R$3.0b | 17.5x | 16.8x | 1.6x |
| Mon, 22 Jan 2024 | R$49.7b | R$29.9b | R$2.3b | 19.6x | 22x | 1.7x |
| Wed, 20 Dec 2023 | R$51.4b | R$29.9b | R$2.3b | 18.7x | 22.8x | 1.7x |
| Fri, 17 Nov 2023 | R$47.0b | R$25.3b | R$1.7b | 21x | 27x | 1.9x |
| Sun, 15 Oct 2023 | R$42.8b | R$28.1b | R$2.3b | 17x | 18.6x | 1.5x |
| Tue, 12 Sep 2023 | R$44.2b | R$28.1b | R$2.3b | 17.5x | 19.2x | 1.6x |
| Thu, 10 Aug 2023 | R$46.9b | R$28.4b | R$2.4b | 20.9x | 19.7x | 1.7x |
| Sat, 08 Jul 2023 | R$47.2b | R$27.2b | R$2.3b | 21.3x | 20.7x | 1.7x |
| Mon, 05 Jun 2023 | R$47.1b | R$27.2b | R$2.3b | 19.7x | 20.7x | 1.7x |
| Wed, 03 May 2023 | R$43.6b | R$30.6b | R$5.2b | 16.1x | 8.5x | 1.4x |
| Fri, 31 Mar 2023 | R$40.4b | R$30.6b | R$5.2b | 14x | 7.8x | 1.3x |
| Sun, 26 Feb 2023 | R$36.6b | R$29.9b | R$5.0b | 16.8x | 7.4x | 1.2x |
| Tue, 24 Jan 2023 | R$39.3b | R$29.2b | R$5.0b | 17.7x | 7.8x | 1.3x |
| Thu, 22 Dec 2022 | R$35.8b | R$29.2b | R$5.0b | 17x | 7.1x | 1.2x |
| Sat, 19 Nov 2022 | R$37.5b | R$29.3b | R$5.2b | 15.6x | 7.2x | 1.3x |
Price to Earnings Ratio
7.2x
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 10.9x which is lower than its 3-year average PE of 14.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have declined 6.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 industry?
| BR Market | 2.87% | |
| Industrials | 3.46% | |
| Infrastructure | 1.03% | |
| Highways and Railtracks | 1.25% | |
| Marine Ports and Services | 0% | 0 |
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 17.1x.
- Analysts are expecting annual earnings decline of 0.9%, which is lower than the prior year's growth of 40.9% per year.
- Investors are most pessimistic about the Highways and Railtracks industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 5.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Marine Ports and Services 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 | |
|---|---|---|---|---|---|
| ECOR3 EcoRodovias Infraestrutura e Logística | R$9.03 | 11.8% +R$660.8m | 32.2% | PE8.3x |
