When Should You Buy Positivo Tecnologia S.A. (BVMF:POSI3)?
Jan 22
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Brazilian (BOVESPA) Tech Sector Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies10
- 7D3.9%
- 3M-6.6%
- 1Y-11.0%
- YTD13.2%
Over the last 7 days, the Tech industry has risen 3.7%, driven by gains from TOTVS of 6.0%. In the past year, the industry is down 11%. As for the next few years, earnings are expected to grow by 23% per annum.
Sector Valuation and Performance
Has the Brazilian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Jan 2025 | R$29.2b | R$26.0b | R$1.2b | 12.4x | 24.9x | 1.1x |
| Sat, 28 Dec 2024 | R$26.8b | R$26.0b | R$1.2b | 12.4x | 22.9x | 1x |
| Mon, 25 Nov 2024 | R$30.7b | R$26.1b | R$957.1m | 17x | 32.1x | 1.2x |
| Wed, 23 Oct 2024 | R$31.5b | R$25.8b | R$863.0m | 21.5x | 36.5x | 1.2x |
| Fri, 20 Sep 2024 | R$32.6b | R$25.8b | R$863.0m | 22.7x | 37.8x | 1.3x |
| Sun, 18 Aug 2024 | R$32.7b | R$25.8b | R$861.0m | 22.4x | 37.9x | 1.3x |
| Tue, 16 Jul 2024 | R$33.5b | R$25.6b | R$917.8m | 13.1x | 36.5x | 1.3x |
| Thu, 13 Jun 2024 | R$33.4b | R$25.6b | R$917.7m | 13.2x | 36.3x | 1.3x |
| Sat, 11 May 2024 | R$32.8b | R$25.1b | R$550.4m | 9.2x | 59.6x | 1.3x |
| Mon, 08 Apr 2024 | R$32.6b | R$24.8b | R$473.3m | 12x | 68.9x | 1.3x |
| Wed, 06 Mar 2024 | R$33.6b | R$24.7b | R$573.9m | 13x | 58.6x | 1.4x |
| Fri, 02 Feb 2024 | R$40.7b | R$28.6b | R$1.2b | 13.3x | 34.4x | 1.4x |
| Sun, 31 Dec 2023 | R$42.5b | R$28.6b | R$1.2b | 13.8x | 36x | 1.5x |
| Tue, 28 Nov 2023 | R$40.7b | R$28.6b | R$1.2b | 12.8x | 34.5x | 1.4x |
| Thu, 26 Oct 2023 | R$36.3b | R$28.7b | R$1.5b | 15.3x | 24.9x | 1.3x |
| Sat, 23 Sep 2023 | R$38.7b | R$28.7b | R$1.5b | 16.1x | 26.6x | 1.3x |
| Mon, 21 Aug 2023 | R$41.4b | R$28.7b | R$1.5b | 18x | 28.4x | 1.4x |
| Wed, 19 Jul 2023 | R$42.0b | R$29.4b | R$1.6b | 21.3x | 26.2x | 1.4x |
| Fri, 16 Jun 2023 | R$44.9b | R$29.4b | R$1.6b | 20.6x | 28x | 1.5x |
| Sun, 14 May 2023 | R$40.1b | R$29.7b | R$2.1b | 18.6x | 19.1x | 1.3x |
| Tue, 11 Apr 2023 | R$36.9b | R$29.5b | R$2.1b | 14.9x | 17.7x | 1.3x |
| Thu, 09 Mar 2023 | R$56.4b | R$41.6b | R$3.5b | 13x | 15.9x | 1.4x |
| Sat, 04 Feb 2023 | R$58.0b | R$41.4b | R$3.5b | 10.3x | 16.8x | 1.4x |
| Mon, 02 Jan 2023 | R$59.5b | R$41.8b | R$3.5b | 9x | 17.2x | 1.4x |
| Wed, 30 Nov 2022 | R$58.6b | R$42.1b | R$3.5b | 8.3x | 16.6x | 1.4x |
| Fri, 28 Oct 2022 | R$66.8b | R$41.4b | R$3.4b | 10.6x | 19.6x | 1.6x |
| Sun, 25 Sep 2022 | R$64.0b | R$41.4b | R$3.4b | 10.3x | 18.8x | 1.5x |
| Tue, 23 Aug 2022 | R$64.1b | R$41.4b | R$3.6b | 10.4x | 18x | 1.5x |
| Thu, 21 Jul 2022 | R$54.5b | R$40.0b | R$3.3b | 9x | 16.5x | 1.4x |
| Sat, 18 Jun 2022 | R$52.6b | R$40.0b | R$3.3b | 8.2x | 15.9x | 1.3x |
| Mon, 16 May 2022 | R$50.7b | R$39.0b | R$3.5b | 8.7x | 14.4x | 1.3x |
| Wed, 13 Apr 2022 | R$61.9b | R$38.3b | R$3.5b | 10.1x | 17.6x | 1.6x |
| Fri, 11 Mar 2022 | R$57.1b | R$37.9b | R$3.6b | 10.1x | 15.8x | 1.5x |
| Sun, 06 Feb 2022 | R$56.5b | R$37.5b | R$3.7b | 10.8x | 15.3x | 1.5x |
Price to Earnings Ratio
15.3x
Current Industry PE
- Investors are relatively neutral on the Brazilian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 28.0x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 32% per year over the last three years,
- Revenues have also declined 11% 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 Tech sector?
| BR Market | 0.58% | |
| Tech | 3.94% | |
| Software | 5.73% | |
| Tech Hardware | 1.93% | |
| Communications | 1.19% | |
| Semiconductors | 0% | 0 |
| Electronic Equipment and Components | -0.72% | |
| IT | -5.06% | |
Industry PE
- Investors are most optimistic about the IT industry, which is trading close to its 3-year average PE ratio of 126x.
- Analysts are expecting annual earnings growth of 51.0% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 88% over the next 5 years.
- This is better than its past earnings growth rate of 36% per year.
- In contrast, the Electronic Equipment and Components 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 | |
|---|---|---|---|---|---|
| TOTS3 TOTVS | R$31.15 | 6.3% +R$1.1b | -1.2% | PE28.7x | |
| INTB3 Intelbras - Indústria de Telecomunicação Eletrônica Brasileira | R$13.65 | 1.0% +R$45.9m | -34.8% | PE7.6x | |
| MLAS3 Multilaser Industrial | R$1.17 | 2.6% +R$24.2m | -40.3% | PS0.3x | |
| PDTC3 Padtec Holding | R$1.35 | 17.4% +R$15.9m | -57.8% | PS0.4x | |
| NGRD3 Neogrid Participações | R$21.35 | 7.3% +R$13.3m | -23.8% | PS0.7x |
