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Brazilian (BOVESPA) Materials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies23
  • 7D1.6%
  • 3M24.1%
  • 1Y38.6%
  • YTD16.6%

Over the last 7 days, the Materials industry has risen 1.6%, driven by gains from Vale of 1.2%. In the last 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026R$616.0bR$551.6bR$32.7b10.9x18.8x1.1x
Wed, 28 Jan 2026R$590.2bR$552.5bR$43.7b12.1x13.5x1.1x
Fri, 26 Dec 2025R$531.5bR$552.5bR$43.7b10.9x12.2x1x
Sun, 23 Nov 2025R$483.5bR$551.9bR$43.8b9.9x11x0.9x
Tue, 21 Oct 2025R$460.7bR$545.8bR$46.2b9.3x10x0.8x
Thu, 18 Sep 2025R$445.3bR$545.8bR$46.2b8.5x9.6x0.8x
Sat, 16 Aug 2025R$419.1bR$545.8bR$46.1b8.2x9.1x0.8x
Mon, 14 Jul 2025R$434.0bR$543.3bR$39.3b8.3x11x0.8x
Wed, 11 Jun 2025R$431.6bR$543.3bR$39.3b8.6x11x0.8x
Fri, 09 May 2025R$433.6bR$538.3bR$35.6b7.4x12.2x0.8x
Sun, 06 Apr 2025R$426.9bR$529.3bR$37.2b6.8x11.5x0.8x
Tue, 04 Mar 2025R$447.3bR$528.5bR$38.6b6.6x11.6x0.8x
Thu, 30 Jan 2025R$451.4bR$524.7bR$65.6b7.3x6.9x0.9x
Sat, 28 Dec 2024R$464.7bR$524.7bR$65.6b7.1x7.1x0.9x
Mon, 25 Nov 2024R$478.5bR$524.6bR$63.8b8.3x7.5x0.9x
Wed, 23 Oct 2024R$492.4bR$518.7bR$64.8b8.7x7.6x0.9x
Fri, 20 Sep 2024R$481.0bR$518.7bR$64.8b8.9x7.4x0.9x
Sun, 18 Aug 2024R$454.9bR$518.6bR$61.6b11x7.4x0.9x
Tue, 16 Jul 2024R$502.2bR$513.2bR$65.9b7.7x7.6x1x
Thu, 13 Jun 2024R$479.6bR$515.1bR$65.9b7.1x7.3x0.9x
Sat, 11 May 2024R$508.3bR$516.6bR$66.8b7.2x7.6x1x
Mon, 08 Apr 2024R$509.3bR$529.0bR$75.7b6.4x6.7x1x
Wed, 06 Mar 2024R$539.7bR$533.1bR$74.9b7.2x7.2x1x
Fri, 02 Feb 2024R$534.9bR$543.4bR$84.6b7.2x6.3x1x
Sun, 31 Dec 2023R$601.4bR$541.7bR$84.6b7.5x7.1x1.1x
Tue, 28 Nov 2023R$565.4bR$543.8bR$85.1b6.8x6.6x1x
Thu, 26 Oct 2023R$516.2bR$641.0bR$101.8b6x5.1x0.8x
Sat, 23 Sep 2023R$554.1bR$641.0bR$101.8b6.1x5.4x0.9x
Mon, 21 Aug 2023R$517.1bR$646.1bR$103.3b6.7x5x0.8x
Wed, 19 Jul 2023R$549.3bR$670.9bR$117.8b5.5x4.7x0.8x
Fri, 16 Jun 2023R$563.0bR$671.0bR$117.7b6.2x4.8x0.8x
Sun, 14 May 2023R$538.5bR$672.5bR$118.1b5.5x4.6x0.8x
Tue, 11 Apr 2023R$588.2bR$693.7bR$143.8b4.5x4.1x0.8x
Thu, 09 Mar 2023R$647.0bR$702.7bR$151.1b4.6x4.3x0.9x
Price to Earnings Ratio

4.3x


Total Market Cap: R$647.0bTotal Earnings: R$151.1bTotal Revenue: R$702.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Materials Sector Price to Earnings3Y Average 8.1x202420252026
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 18.8x which is higher than its 3-year average PE of 8.1x.
  • The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 40% per year over the last three years,
  • Revenues have also declined 7.8% 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-0.94%
Materials1.56%
Packaging2.39%
Metals and Mining1.56%
Paper and Forestry Products1.44%
Chemicals0.33%
Basic Materials-1.71%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 36.2% 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 Metals and Mining industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Paper and Forestry Products industry is expected to see its earnings decline by 13% 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
VALE3 ValeR$88.471.2%
+R$4.6b		60.4%PE27.3x
SUZB3 SuzanoR$58.001.8%
+R$1.2b		3.0%PE5.3x
KLBN11 KlabinR$20.562.8%
+R$687.2m		5.0%PE18x
CMIN3 CSN MineraçãoR$5.442.1%
+R$597.5m		6.7%PE12x
BRAP3 BradesparR$21.392.9%
+R$235.9m		37.6%PE7.4x

Latest News

RANI3
R$9.84
Irani Papel e Embalagem
7D
4.9%
1Y
35.4%

RANI3: Index Inclusion Will Support Stronger Profitability And Re Rating Potential

Analysts now cite a higher price target for Irani Papel e Embalagem, lifting their fair value estimate from R$9.89 to R$11.25. This reflects updated assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples.
NUTR3
R$2.38
Nutriplant Indústria e Comércio S/A
7D
-6.7%
1Y
-28.3%
PMAM3
R$0.64
Paranapanema
7D
-5.9%
1Y
-40.2%
VALE3
R$88.47
Vale
7D
1.2%
1Y
60.4%
VITT3
R$4.08
Vittia
7D
1.7%
1Y
-23.7%
CMIN3
R$5.44
CSN Mineração
7D
2.1%
1Y
6.7%

CMIN3: Analyst Day Will Shape Margins P/E Expectations And Measured Return Profile

Analysts have inched up their price target on CSN Mineração to R$5.56 from R$5.54, citing slightly stronger assumed profit margins and a modestly lower future P/E multiple in their updated models. What's in the News CSN Mineração held an Analyst/Investor Day, giving the market an updated look at management's priorities and assumptions for the business (Key Developments).
DXCO3
R$5.42
Dexco
7D
-3.9%
1Y
7.4%

DXCO3: Future Stock Split Will Support A More Attractive Share Repricing

Analysts have trimmed their R$ price target for Dexco, reflecting a slightly lower fair value estimate alongside updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Dexco announced a stock split or significant stock dividend with a 1.12-for-1 ratio, scheduled for December 26, 2025 (Key Developments).
SUZB3
R$58.00
Suzano
7D
1.8%
1Y
3.0%

SUZB3: Share Repurchases And Dividends Will Support Future Upside Potential

Analysts have nudged their Suzano price target slightly higher to reflect updated assumptions around a fair value of R$69.36, a lower discount rate, and modest adjustments to revenue growth, profit margin, and future P/E expectations. What's in the News Suzano S.A. announced a share repurchase program for up to 40,000,000 shares.
KLBN11
R$20.56
Klabin
7D
2.8%
1Y
5.0%

Weak Statutory Earnings May Not Tell The Whole Story For Klabin (BVMF:KLBN11)

Feb 18
Weak Statutory Earnings May Not Tell The Whole Story For Klabin (BVMF:KLBN11)
CSNA3
R$8.62
Companhia Siderúrgica Nacional
7D
1.1%
1Y
1.2%

Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A Risky Investment?

Feb 16
Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A Risky Investment?
CBAV3
R$10.15
Companhia Brasileira de Alumínio
7D
-0.4%
1Y
95.6%
DEXP3
R$7.52
Dexxos Participações
7D
-0.9%
1Y
6.3%
BRAP3
R$21.39
Bradespar
7D
2.9%
1Y
37.6%
FHER3
R$4.00
Fertilizantes Heringer
7D
-4.5%
1Y
-23.8%
ETER3
R$4.02
Eternit
7D
-0.5%
1Y
-25.6%