Analysis Article • Aug 16
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- 7D-4.0%
- 3M-8.8%
- 1Y33.6%
- YTD0.8%
Over the last 7 days, the Metals and Mining industry has dropped 4.0%, driven by a pullback from Vale of 6.1%. Over the past 12 months, the industry was up 34%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Brazilian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | R$424.7b | R$458.3b | R$12.2b | 12.9x | 34.7x | 0.9x |
| Thu, 16 Jul 2026 | R$439.9b | R$454.3b | R$16.6b | 14.5x | 26.5x | 1x |
| Sat, 13 Jun 2026 | R$458.7b | R$454.4b | R$16.6b | 14.8x | 27.6x | 1x |
| Mon, 11 May 2026 | R$472.0b | R$455.2b | R$15.9b | 19.9x | 29.7x | 1x |
| Wed, 08 Apr 2026 | R$470.7b | R$456.3b | R$13.3b | 18.8x | 35.5x | 1x |
| Fri, 06 Mar 2026 | R$476.5b | R$457.1b | R$15.3b | 18.3x | 31.2x | 1x |
| Sun, 01 Feb 2026 | R$488.5b | R$456.8b | R$33.6b | 13.1x | 14.5x | 1.1x |
| Tue, 30 Dec 2025 | R$423.6b | R$456.8b | R$33.6b | 11.6x | 12.6x | 0.9x |
| Thu, 27 Nov 2025 | R$387.9b | R$456.2b | R$33.7b | 11.5x | 11.5x | 0.9x |
| Sat, 25 Oct 2025 | R$365.5b | R$450.2b | R$34.4b | 11.1x | 10.6x | 0.8x |
| Mon, 22 Sep 2025 | R$341.2b | R$450.2b | R$34.4b | 10.3x | 9.9x | 0.8x |
| Wed, 20 Aug 2025 | R$314.5b | R$450.2b | R$34.4b | 9.9x | 9.2x | 0.7x |
| Fri, 18 Jul 2025 | R$323.7b | R$450.4b | R$36.8b | 7.7x | 8.8x | 0.7x |
| Sun, 15 Jun 2025 | R$314.5b | R$450.3b | R$36.8b | 7.7x | 8.5x | 0.7x |
| Tue, 13 May 2025 | R$335.2b | R$450.2b | R$38.9b | 7.8x | 8.6x | 0.7x |
| Thu, 10 Apr 2025 | R$322.2b | R$439.5b | R$41.0b | 6.7x | 7.9x | 0.7x |
| Sat, 08 Mar 2025 | R$345.2b | R$440.0b | R$42.1b | 7.5x | 8.2x | 0.8x |
| Mon, 03 Feb 2025 | R$338.0b | R$440.8b | R$57.9b | 7.2x | 5.8x | 0.8x |
| Wed, 01 Jan 2025 | R$340.0b | R$440.8b | R$57.9b | 7.2x | 5.9x | 0.8x |
| Fri, 29 Nov 2024 | R$367.4b | R$440.8b | R$57.9b | 7.3x | 6.3x | 0.8x |
| Sun, 27 Oct 2024 | R$383.4b | R$436.8b | R$54.0b | 6.7x | 7.1x | 0.9x |
| Tue, 24 Sep 2024 | R$363.8b | R$439.5b | R$61.1b | 6.9x | 6x | 0.8x |
| Thu, 22 Aug 2024 | R$367.4b | R$439.5b | R$61.1b | 6.4x | 6x | 0.8x |
| Sat, 20 Jul 2024 | R$381.5b | R$437.1b | R$52.6b | 6.5x | 7.3x | 0.9x |
| Mon, 17 Jun 2024 | R$370.5b | R$437.1b | R$52.6b | 6.2x | 7x | 0.8x |
| Wed, 15 May 2024 | R$392.9b | R$439.0b | R$51.1b | 7.1x | 7.7x | 0.9x |
| Fri, 12 Apr 2024 | R$390.9b | R$450.3b | R$56.1b | 6.1x | 7x | 0.9x |
| Sun, 10 Mar 2024 | R$412.9b | R$450.3b | R$56.8b | 7.1x | 7.3x | 0.9x |
| Tue, 06 Feb 2024 | R$413.6b | R$453.7b | R$62.4b | 6.2x | 6.6x | 0.9x |
| Thu, 04 Jan 2024 | R$479.3b | R$454.9b | R$63.1b | 6.3x | 7.6x | 1.1x |
| Sat, 02 Dec 2023 | R$453.8b | R$453.4b | R$62.7b | 5.9x | 7.2x | 1x |
| Mon, 30 Oct 2023 | R$404.5b | R$467.1b | R$67.5b | 5.8x | 6x | 0.9x |
| Wed, 27 Sep 2023 | R$408.8b | R$462.1b | R$75.3b | 5.5x | 5.4x | 0.9x |
| Fri, 25 Aug 2023 | R$393.2b | R$463.4b | R$75.7b | 5.4x | 5.2x | 0.8x |
Price to Earnings Ratio
5.2x
Current Industry PE
- Investors are optimistic on the Brazilian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.7x which is higher than its 3-year average PE of 11.7x.
- The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 45% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Materials industry?
| BR Market | -3.28% | |
| Materials | -3.52% | |
| Metals and Mining | -4.02% | |
| Copper | 0% | 0 |
| Aluminum | -0.45% | |
| Steel | -4.08% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 11.6x.
- Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings decline of 37.9% per year.
- Investors are most pessimistic about the Aluminum industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.5x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Aluminum 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 | |
|---|---|---|---|---|---|
| CMIN3 CSN Mineração | R$5.78 | 5.9% +R$1.7b | 18.4% | PE13.5x | |
| CSNA3 Companhia Siderúrgica Nacional | R$4.57 | 2.5% +R$145.9m | -35.5% | PS0.1x | |
| CBAV3 Companhia Brasileira de Alumínio | R$11.14 | 0.5% +R$32.6m | 260.5% | PE12.1x |