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Brazilian (BOVESPA) Materials Sector Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.5%
  • 3M0.7%
  • 1Y30.9%
  • YTD6.5%

In the last week, Materials has been flat. The past year has been better, since the industry has gained 31% in that time. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026R$561.2bR$547.8bR$29.6b11x18.9x1x
Sun, 03 May 2026R$558.7bR$549.5bR$29.8b14.3x18.7x1x
Tue, 31 Mar 2026R$551.4bR$550.5bR$29.3b14.1x18.8x1x
Thu, 26 Feb 2026R$613.2bR$551.6bR$32.7b10.9x18.7x1.1x
Sat, 24 Jan 2026R$588.7bR$552.5bR$43.7b11.7x13.5x1.1x
Mon, 22 Dec 2025R$519.7bR$552.5bR$43.7b10.9x11.9x0.9x
Wed, 19 Nov 2025R$486.7bR$551.9bR$43.7b9.6x11.1x0.9x
Fri, 17 Oct 2025R$454.8bR$545.8bR$46.2b9x9.8x0.8x
Sun, 14 Sep 2025R$438.9bR$545.8bR$46.2b8.4x9.5x0.8x
Tue, 12 Aug 2025R$432.3bR$545.3bR$46.2b8.5x9.4x0.8x
Thu, 10 Jul 2025R$424.6bR$543.3bR$39.3b8.2x10.8x0.8x
Sat, 07 Jun 2025R$425.3bR$543.3bR$39.3b8.8x10.8x0.8x
Mon, 05 May 2025R$431.4bR$537.8bR$35.6b7.3x12.1x0.8x
Wed, 02 Apr 2025R$459.3bR$529.3bR$37.2b7.4x12.4x0.9x
Fri, 28 Feb 2025R$458.0bR$528.5bR$38.6b6.7x11.9x0.9x
Sun, 26 Jan 2025R$452.0bR$524.7bR$65.6b7.3x6.9x0.9x
Tue, 24 Dec 2024R$462.9bR$524.7bR$65.6b7.3x7.1x0.9x
Thu, 21 Nov 2024R$481.9bR$524.6bR$65.8b8.4x7.3x0.9x
Sat, 19 Oct 2024R$490.7bR$518.7bR$64.8b8.6x7.6x0.9x
Mon, 16 Sep 2024R$487.1bR$518.7bR$64.8b9.2x7.5x0.9x
Wed, 14 Aug 2024R$465.8bR$518.6bR$62.6b11.1x7.4x0.9x
Fri, 12 Jul 2024R$497.6bR$513.2bR$65.9b7.5x7.5x1x
Sun, 09 Jun 2024R$475.6bR$515.1bR$65.9b7.1x7.2x0.9x
Tue, 07 May 2024R$519.7bR$520.3bR$71.6b7.1x7.3x1x
Thu, 04 Apr 2024R$518.4bR$529.0bR$75.7b6.6x6.8x1x
Sat, 02 Mar 2024R$538.9bR$533.1bR$74.9b7.4x7.2x1x
Mon, 29 Jan 2024R$550.5bR$543.4bR$84.6b7.3x6.5x1x
Wed, 27 Dec 2023R$593.2bR$540.5bR$84.4b7.6x7x1.1x
Fri, 24 Nov 2023R$576.8bR$544.0bR$85.2b6.9x6.8x1.1x
Sun, 22 Oct 2023R$514.3bR$641.0bR$101.8b5.8x5.1x0.8x
Tue, 19 Sep 2023R$555.5bR$641.3bR$101.9b6.3x5.4x0.9x
Thu, 17 Aug 2023R$518.3bR$646.9bR$103.5b6.6x5x0.8x
Sat, 15 Jul 2023R$554.7bR$670.9bR$117.8b5.5x4.7x0.8x
Mon, 12 Jun 2023R$554.0bR$671.0bR$117.7b6x4.7x0.8x
Price to Earnings Ratio

4.7x


Total Market Cap: R$554.0bTotal Earnings: R$117.7bTotal Revenue: R$671.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Materials Sector Price to Earnings3Y Average 9.3x202420252026
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 18.9x which is higher than its 3-year average PE of 9.3x.
  • The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.0x.
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-2.23%
Materials-0.54%
Basic Materials1.14%
Packaging0.37%
Metals and Mining-0.35%
Paper and Forestry Products-1.97%
Chemicals-3.90%
Industry PE
  • Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 11.6x.
    • 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 7.1% 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
KLBN11 KlabinR$16.760.5%
+R$110.6m		-8.2%PE43.6x
CBAV3 Companhia Brasileira de AlumínioR$10.780.8%
+R$58.6m		146.7%PE57.3x
ETER3 EternitR$3.541.1%
+R$2.5m		-13.2%PE8.8x
NUTR3 Nutriplant Indústria e Comércio S/AR$2.243.2%
+R$926.3k		-38.0%PE4.1x

Latest News

SUZB3
R$41.22
Suzano
7D
-1.6%
1Y
-22.8%
Narrative Update • Jun 02

SUZB3: Capital Increase And Added Minerals Activity Will Support Upside

Analysts have slightly trimmed Suzano's fair value estimate from about R$68.68 to R$67.08, reflecting updated assumptions around discount rate, revenue growth, profit margins and future P/E levels. What's in the News At the Annual and Extraordinary General Shareholders' Meeting on April 23, 2026, shareholders approved amendments to Suzano's bylaws, including an expanded corporate purpose to cover extraction and processing of mineral substances such as basalt, gravel, clay and related materials, as a complementary activity to existing operations.
CMIN3
R$4.50
CSN Mineração
7D
-3.4%
1Y
-8.5%
DXCO3
R$4.62
Dexco
7D
-2.9%
1Y
-8.9%
Narrative Update • Jun 01

DXCO3: Higher Margin Outlook And Governance Reset Will Support Upside

Analysts have adjusted their R$ price target for Dexco, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that keep fair value around R$9,00 while refining the risk and earnings profile behind that estimate. What's in the News Dexco has scheduled a Board Meeting for May 4, 2026, at 12:00 UTC, focused on board and executive appointments.
ETER3
R$3.54
Eternit
7D
1.1%
1Y
-13.2%
CSNA3
R$6.68
Companhia Siderúrgica Nacional
7D
-0.4%
1Y
-18.8%
Narrative Update • May 28

CSNA3: Updated Ore Guidance Will Support Higher Forward P/E Upside

Analysts have adjusted their fair value estimate for Companhia Siderúrgica Nacional to R$8.38 from R$8.57, reflecting updated views on revenue growth, profit margins, discount rates and future P/E assumptions. What's in the News Companhia Siderúrgica Nacional was removed as an index constituent.
VALE3
R$81.79
Vale
7D
-1.2%
1Y
54.4%
Narrative Update • May 25

VALE3: Iron Ore Assumptions And Execution Risks Will Shape Balanced Future Returns

Analysts have raised their fair value estimate for Vale from R$69.39 to R$75.65, citing a series of higher price targets from R$14.80 to R$19.50 issued by major banks and updated models that incorporate revised profit margins and P/E assumptions. Analyst Commentary Recent research on Vale shows a mix of optimism and caution, with higher targets from some large banks set against a series of downgrades and more restrained views from other bearish analysts.
KLBN11
R$16.76
Klabin
7D
0.5%
1Y
-8.2%
NUTR3
R$2.24
Nutriplant Indústria e Comércio S/A
7D
3.2%
1Y
-38.0%
DEXP3
R$6.99
Dexxos Participações
7D
-1.7%
1Y
-14.8%
RANI3
R$7.90
Irani Papel e Embalagem
7D
-1.5%
1Y
3.4%
Narrative Update • May 14

RANI3: Upcoming Meetings And Financing Plans Will Support Future Re Rating Potential

Analysts have kept the Irani Papel e Embalagem price target steady at R$12.25, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that refine rather than shift their overall view. Analyst Commentary Analysts keeping the R$12.25 target unchanged for Irani Papel e Embalagem are essentially saying that, after refreshing their models, the stock still looks fairly valued on their updated assumptions for discount rate, revenue growth, profit margin and future P/E.
CBAV3
R$10.78
Companhia Brasileira de Alumínio
7D
0.8%
1Y
146.7%
BRAP3
R$19.57
Bradespar
7D
-0.6%
1Y
32.8%