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Has the Brazilian Metals and Mining Industry valuation changed over the past few years?
|Sat, 27 Nov 2021||R$499.0b||R$555.6b||R$149.2b||3.5x|
|Mon, 25 Oct 2021||R$559.4b||R$522.8b||R$136.7b||4.4x|
|Wed, 22 Sep 2021||R$596.9b||R$522.8b||R$136.7b||4.7x|
|Fri, 20 Aug 2021||R$672.3b||R$522.8b||R$131.6b||5.2x|
|Fri, 04 Jun 2021||R$803.0b||R$426.0b||R$81.3b||9.7x|
|Mon, 08 Mar 2021||R$657.4b||R$359.6b||R$38.7b||13x|
|Thu, 10 Dec 2020||R$499.4b||R$294.4b||R$17.9b||25.7x|
|Wed, 02 Sep 2020||R$382.2b||R$269.1b||R$5.6b||12.1x|
|Sat, 06 Jun 2020||R$324.5b||R$269.4b||R$2.5b||14.9x|
|Tue, 10 Mar 2020||R$292.5b||R$276.3b||-R$2,795,022,000.00||15.5x|
|Mon, 02 Dec 2019||R$324.0b||R$274.7b||R$20.3b||9.7x|
|Thu, 05 Sep 2019||R$296.0b||R$278.2b||R$22.0b||10.7x|
|Sun, 09 Jun 2019||R$317.5b||R$275.0b||R$21.6b||8.1x|
|Sat, 02 Mar 2019||R$307.8b||R$271.1b||R$34.9b||9.3x|
|Tue, 04 Dec 2018||R$333.1b||R$259.6b||R$20.3b||11.6x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 3.5x which is lower than its 3-year average PE of 11.5x. Given that earnings are expected to decline by 22%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the Metals and Mining industry have grown 94% per year over the last three years, and revenues for these companies have grown 29% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Brazilian Metals and Mining industry?
Industry PE: Investors are most optimistic about the Steel industry even though it's trading below its 3-year average PE ratio of 11.6x. However analysts are expecting annual earnings decline of 23%, which is lower than the prior year's growth of 570% per year. So the market might believe that analysts are underestimating future growth or they expect the Steel industry's earnings to deteriorate the least compared to other industries.
Forecasted Growth: Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 30% over the next 5 years. Meanwhile, the Steel industry is expected to see its earnings decline by 23% per year over the next few years.
Which companies have driven the market over the last 7 days?
Companhia Siderúrgica Nacional