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Brazilian (BOVESPA) Materials Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.2%
  • 3M-12.0%
  • 1Y16.0%
  • YTD-1.6%

Over the last 7 days, the Materials industry has dropped 1.2%, driven by a pullback from Vale of 2.8%. On the other hand CSN Mineração is actually up 5.7%. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026R$518.2bR$547.7bR$29.6b12.5x17.5x0.9x
Thu, 18 Jun 2026R$546.7bR$547.8bR$29.6b10.4x18.4x1x
Sat, 16 May 2026R$567.0bR$548.6bR$29.0b14.2x19.5x1x
Mon, 13 Apr 2026R$583.7bR$550.5bR$29.3b15.1x19.9x1.1x
Wed, 11 Mar 2026R$568.4bR$551.6bR$31.8b11.7x17.9x1x
Fri, 06 Feb 2026R$616.3bR$552.5bR$43.7b12.3x14.1x1.1x
Sun, 04 Jan 2026R$528.6bR$552.5bR$43.7b10.7x12.1x1x
Tue, 02 Dec 2025R$494.7bR$551.9bR$43.8b9.7x11.3x0.9x
Thu, 30 Oct 2025R$471.3bR$545.6bR$42.5b9.6x11.1x0.9x
Sat, 27 Sep 2025R$439.2bR$545.8bR$46.2b8.4x9.5x0.8x
Mon, 25 Aug 2025R$428.8bR$545.8bR$46.2b8.5x9.3x0.8x
Wed, 23 Jul 2025R$443.2bR$543.3bR$39.3b8.1x11.3x0.8x
Fri, 20 Jun 2025R$415.2bR$543.3bR$39.3b8.4x10.6x0.8x
Sun, 18 May 2025R$441.0bR$543.2bR$39.3b9x11.2x0.8x
Tue, 15 Apr 2025R$439.2bR$529.3bR$37.2b7x11.8x0.8x
Thu, 13 Mar 2025R$443.6bR$528.5bR$38.7b6.6x11.5x0.8x
Sat, 08 Feb 2025R$459.4bR$524.7bR$65.6b7.6x7x0.9x
Mon, 06 Jan 2025R$449.8bR$524.7bR$65.6b6.9x6.9x0.9x
Wed, 04 Dec 2024R$493.4bR$524.7bR$65.6b8.2x7.5x0.9x
Fri, 01 Nov 2024R$506.6bR$523.1bR$68.7b8.1x7.4x1x
Sun, 29 Sep 2024R$513.9bR$518.7bR$64.8b9.2x7.9x1x
Tue, 27 Aug 2024R$481.8bR$518.7bR$64.8b8.8x7.4x0.9x
Thu, 25 Jul 2024R$486.3bR$513.2bR$65.9b7.5x7.4x0.9x
Sat, 22 Jun 2024R$481.8bR$513.2bR$65.9b6.9x7.3x0.9x
Mon, 20 May 2024R$509.6bR$515.0bR$64.4b7.6x7.9x1x
Wed, 17 Apr 2024R$517.0bR$529.0bR$75.7b6.6x6.8x1x
Fri, 15 Mar 2024R$514.3bR$535.3bR$75.4b7.4x6.8x1x
Sun, 11 Feb 2024R$528.5bR$541.9bR$86.3b7.3x6.1x1x
Tue, 09 Jan 2024R$585.3bR$542.8bR$84.9b7.4x6.9x1.1x
Thu, 07 Dec 2023R$558.5bR$543.9bR$85.1b7x6.6x1x
Sat, 04 Nov 2023R$555.1bR$633.1bR$84.3b6.3x6.6x0.9x
Mon, 02 Oct 2023R$551.1bR$641.0bR$101.8b6.3x5.4x0.9x
Wed, 30 Aug 2023R$523.8bR$641.3bR$101.9b6.5x5.1x0.8x
Fri, 28 Jul 2023R$571.2bR$670.9bR$117.8b5.7x4.9x0.9x
Price to Earnings Ratio

4.9x


Total Market Cap: R$571.2bTotal Earnings: R$117.8bTotal Revenue: R$670.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Materials Sector Price to Earnings3Y Average 9.9x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.5x which is higher than its 3-year average PE of 9.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 37% per year over the last three years,
  • Revenues have also declined 6.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

BR Market-1.72%
Materials-1.19%
Paper and Forestry Products1.38%
Packaging0.83%
Basic Materials-0.27%
Metals and Mining-1.63%
Chemicals-1.93%
Industry PE
  • Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 12.8x.
    • Analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings decline of 55.0% per year.
  • Investors are most pessimistic about the Paper and Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 55% per year.
  • In contrast, the Paper and Forestry Products industry is expected to see its earnings decline by 8.0% 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
CMIN3 CSN MineraçãoR$5.395.7%
+R$1.6b		1.1%PE13.1x
SUZB3 SuzanoR$41.891.9%
+R$964.2m		-18.3%PE4.6x
KLBN11 KlabinR$17.480.9%
+R$196.6m		-5.2%PE45.5x
PMAM3 ParanapanemaR$0.3421.4%
+R$7.4m		-79.8%PS0.08x

Latest News

CSNA3
R$5.07
Companhia Siderúrgica Nacional
7D
-2.5%
1Y
-40.8%
CMIN3
R$5.39
CSN Mineração
7D
5.7%
1Y
1.1%
Narrative Update • Jul 17

CMIN3: Softer Revenue Outlook Will Likely Pressure Future Returns

Analysts have reduced their price target on CSN Mineração to R$3.10 from R$4.00, citing slightly higher discount rate assumptions, a softer revenue outlook, and a lower future P/E multiple, partially offset by a modestly stronger profit margin forecast. What's in the News for CSN Mineração No recent company specific news items for CSN Mineração were identified in the provided sources.
SUZB3
R$41.89
Suzano
7D
1.9%
1Y
-18.3%
Narrative Update • Jul 17

SUZB3: Expanded Mining Scope And Share Buyback Will Support Future Upside

Analysts have trimmed their Suzano price target from R$58.00 to R$51.00, reflecting updated assumptions for lower revenue growth, more moderate profit margins, a reduced discount rate and a higher future P/E multiple. What’s in the News for Suzano The Annual and Extraordinary General Shareholders' Meeting on April 23, 2026 approved amendments to Suzano's bylaws, including an expanded corporate purpose to cover extraction and processing of mineral substances such as basalt, gravel and clay, and updates linked to a prior capital increase (source: company meeting records).
VALE3
R$71.93
Vale
7D
-2.8%
1Y
25.1%
CBAV3
R$10.81
Companhia Brasileira de Alumínio
7D
-0.3%
1Y
128.1%
KLBN11
R$17.48
Klabin
7D
0.9%
1Y
-5.2%
Narrative Update • Jul 10

KLBN11: Future Earnings Repricing Will Support More Optimistic Outlook

The analyst price target for Klabin has been revised from R$24.17 to R$22.46, with analysts citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E as key drivers of the change. What’s in the News for Klabin No recent news items for Klabin are available from the provided sources at this time.
VITT3
R$3.35
Vittia
7D
-2.9%
1Y
-25.4%
Narrative Update • Jul 09

nan

Analysts have trimmed their price target for Vittia, reflecting updated assumptions for fair value at R$5.10, along with more conservative expectations for revenue growth, profit margins and future P/E multiples. What’s in the News for Vittia No major recent news items for Vittia were identified in the provided sources.
PMAM3
R$0.34
Paranapanema
7D
21.4%
1Y
-79.8%
BRAP3
R$18.27
Bradespar
7D
-1.7%
1Y
20.2%
DXCO3
R$5.00
Dexco
7D
-1.8%
1Y
2.4%
Narrative Update • Jun 16

DXCO3: Board Refresh And Margin Outlook Will Support Future Upside

Analysts have maintained their R$9.00 price target for Dexco, noting only minor changes to assumptions for discount rate, revenue growth, profit margin and future P/E that do not materially change their view of the stock. What's in the News Dexco has scheduled a Board Meeting for May 4, 2026, at 12:00 Coordinated Universal Time.
DEXP3
R$7.20
Dexxos Participações
7D
-1.0%
1Y
-8.7%
FHER3
R$3.65
Fertilizantes Heringer
7D
-3.9%
1Y
-11.2%