Narrative Update • Jul 10

Over the last 7 days, the Tech industry has dropped 3.6%, driven by a pullback from TOTVS of 4.5%. However, the industry is down 25% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.
Has the Brazilian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | R$25.6b | R$26.3b | R$1.6b | 9.4x | 16.3x | 1x |
| Fri, 19 Jun 2026 | R$24.9b | R$26.5b | R$1.6b | 7.6x | 16x | 0.9x |
| Sun, 17 May 2026 | R$27.8b | R$26.4b | R$1.5b | 9.3x | 18.5x | 1.1x |
| Tue, 14 Apr 2026 | R$30.1b | R$25.9b | R$1.3b | 13.7x | 22.4x | 1.2x |
| Thu, 12 Mar 2026 | R$31.9b | R$25.7b | R$1.4b | 13.1x | 23.5x | 1.2x |
| Sat, 07 Feb 2026 | R$31.3b | R$26.0b | R$1.3b | 8.4x | 24.5x | 1.2x |
| Mon, 05 Jan 2026 | R$33.1b | R$26.0b | R$1.3b | 8x | 25.8x | 1.3x |
| Wed, 03 Dec 2025 | R$35.8b | R$26.0b | R$1.3b | 9.1x | 27.9x | 1.4x |
| Fri, 31 Oct 2025 | R$34.6b | R$25.4b | R$1.3b | 29.9x | 26.3x | 1.4x |
| Sun, 28 Sep 2025 | R$35.6b | R$25.5b | R$1.3b | 30.7x | 27.4x | 1.4x |
| Tue, 26 Aug 2025 | R$33.7b | R$25.5b | R$1.3b | 30.2x | 25.9x | 1.3x |
| Thu, 24 Jul 2025 | R$34.9b | R$25.1b | R$1.2b | 21.6x | 29.9x | 1.4x |
| Sat, 21 Jun 2025 | R$34.2b | R$25.1b | R$1.2b | 21.1x | 29.3x | 1.4x |
| Mon, 19 May 2025 | R$34.0b | R$25.1b | R$1.2b | 20.8x | 29.2x | 1.4x |
| Wed, 16 Apr 2025 | R$30.5b | R$25.4b | R$1.2b | 8.2x | 26.1x | 1.2x |
| Fri, 14 Mar 2025 | R$30.0b | R$26.3b | R$1.2b | 13.2x | 25.4x | 1.1x |
| Sun, 09 Feb 2025 | R$31.2b | R$26.0b | R$1.2b | 12.5x | 26.6x | 1.2x |
| Tue, 07 Jan 2025 | R$25.9b | R$26.0b | R$1.2b | 12.5x | 22.1x | 1x |
| Thu, 05 Dec 2024 | R$27.8b | R$26.0b | R$1.2b | 14.8x | 23.7x | 1.1x |
| Sat, 02 Nov 2024 | R$31.5b | R$26.1b | R$863.7m | 22x | 36.5x | 1.2x |
| Mon, 30 Sep 2024 | R$31.2b | R$25.8b | R$863.0m | 21.3x | 36.1x | 1.2x |
| Wed, 28 Aug 2024 | R$34.0b | R$25.8b | R$863.0m | 23.5x | 39.4x | 1.3x |
| Fri, 26 Jul 2024 | R$32.0b | R$25.6b | R$917.8m | 13x | 34.9x | 1.2x |
| Sun, 23 Jun 2024 | R$33.1b | R$25.6b | R$917.7m | 13.1x | 36.1x | 1.3x |
| Tue, 21 May 2024 | R$33.7b | R$25.3b | R$917.6m | 9.3x | 36.8x | 1.3x |
| Thu, 18 Apr 2024 | R$30.9b | R$24.8b | R$473.3m | 11.1x | 65.2x | 1.2x |
| Sat, 16 Mar 2024 | R$33.8b | R$24.7b | R$556.2m | 12.8x | 60.7x | 1.4x |
| Mon, 12 Feb 2024 | R$32.6b | R$24.8b | R$550.6m | 12.3x | 59.3x | 1.3x |
| Wed, 10 Jan 2024 | R$41.2b | R$28.6b | R$1.2b | 12.8x | 34.9x | 1.4x |
| Fri, 08 Dec 2023 | R$42.7b | R$28.6b | R$1.2b | 13.7x | 36.1x | 1.5x |
| Sun, 05 Nov 2023 | R$38.4b | R$28.5b | R$1.4b | 15.7x | 26.6x | 1.3x |
| Tue, 03 Oct 2023 | R$38.9b | R$28.7b | R$1.5b | 15.5x | 26.7x | 1.4x |
| Thu, 31 Aug 2023 | R$41.8b | R$28.7b | R$1.5b | 17.9x | 28.7x | 1.5x |
| Sat, 29 Jul 2023 | R$42.1b | R$29.4b | R$1.6b | 20.9x | 25.9x | 1.4x |
25.9x
Which industries have driven the changes within the Brazilian Tech sector?
| BR Market | -1.20% | |
| Tech | -3.60% | |
| Electronic Equipment and Components | -0.22% | |
| Communications | -0.45% | |
| Tech Hardware | -1.53% | |
| Software | -4.51% | |
| IT | -5.56% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MLAS3 Grupo Multi | R$1.72 | 0.6% +R$8.1m | 63.8% | PE7.7x | |
| PDTC3 Padtec Holding | R$2.08 | 4.5% +R$7.2m | 103.9% | PE11.2x |