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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies12
  • 7D3.6%
  • 3M4.6%
  • 1Y36.7%
  • YTD50.8%

The Telecom industry is up 3.6% in the last week, with Telefônica Brasil up 5.0%. During this same period, the Dotz underperformed, falling 8.6%. This means that the industry has gained 37% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025R$176.0bR$91.8bR$10.5b16.9x16.8x1.9x
Tue, 07 Oct 2025R$171.2bR$90.5bR$9.9b15.3x17.3x1.9x
Thu, 04 Sep 2025R$170.6bR$90.5bR$9.9b14.3x17.3x1.9x
Sat, 02 Aug 2025R$159.4bR$90.3bR$9.8b13.8x16.3x1.8x
Mon, 30 Jun 2025R$157.7bR$88.9bR$9.5b15x16.6x1.8x
Wed, 28 May 2025R$150.6bR$90.2bR$9.6b14.9x15.7x1.7x
Fri, 25 Apr 2025R$145.2bR$88.8bR$9.1b14.2x16x1.6x
Sun, 23 Mar 2025R$134.1bR$89.0bR$9.1b10.9x14.8x1.5x
Tue, 18 Feb 2025R$141.6bR$88.0bR$8.8b11.8x16x1.6x
Thu, 16 Jan 2025R$121.4bR$87.6bR$8.9b10.4x13.7x1.4x
Sat, 14 Dec 2024R$129.5bR$87.6bR$8.9b11.1x14.6x1.5x
Mon, 11 Nov 2024R$134.8bR$87.6bR$8.9b13.9x15.2x1.5x
Wed, 09 Oct 2024R$141.6bR$86.1bR$8.6b14.7x16.5x1.6x
Fri, 06 Sep 2024R$144.9bR$86.1bR$8.6b15.8x16.9x1.7x
Sun, 04 Aug 2024R$136.3bR$85.6bR$8.7b13.8x15.7x1.6x
Tue, 02 Jul 2024R$125.0bR$84.2bR$8.5b12.9x14.8x1.5x
Thu, 30 May 2024R$125.8bR$84.4bR$8.5b13.4x14.9x1.5x
Sat, 27 Apr 2024R$132.2bR$83.1bR$8.3b14.8x15.9x1.6x
Mon, 25 Mar 2024R$140.9bR$83.0bR$8.3b13.6x17x1.7x
Wed, 21 Feb 2024R$140.4bR$81.7bR$7.7b15x18.1x1.7x
Fri, 19 Jan 2024R$136.5bR$81.3bR$7.2b16.9x19x1.7x
Sun, 17 Dec 2023R$145.5bR$81.3bR$7.2b19.1x20.3x1.8x
Tue, 14 Nov 2023R$136.3bR$81.1bR$7.3b18.3x18.8x1.7x
Thu, 12 Oct 2023R$124.1bR$79.8bR$6.9b19.8x17.9x1.6x
Sat, 09 Sep 2023R$115.2bR$79.8bR$6.9b18.9x16.6x1.4x
Mon, 07 Aug 2023R$116.8bR$79.6bR$6.8b17.3x17.2x1.5x
Wed, 05 Jul 2023R$116.8bR$78.2bR$6.1b17.1x19.2x1.5x
Fri, 02 Jun 2023R$110.1bR$78.2bR$6.1b16.2x18.1x1.4x
Sun, 30 Apr 2023R$111.3bR$75.6bR$5.9b18.1x19x1.5x
Tue, 28 Mar 2023R$105.1bR$75.6bR$5.8b14.1x18x1.4x
Thu, 23 Feb 2023R$104.6bR$75.2bR$5.7b15.3x18.3x1.4x
Sat, 21 Jan 2023R$102.7bR$72.9bR$7.8b13.1x13.2x1.4x
Mon, 19 Dec 2022R$99.3bR$72.9bR$7.8b13.8x12.7x1.4x
Wed, 16 Nov 2022R$109.5bR$72.8bR$7.7b15.3x14.2x1.5x
Price to Earnings Ratio

14.2x


Total Market Cap: R$109.5bTotal Earnings: R$7.7bTotal Revenue: R$72.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Brazilian Communication Services 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 16.5x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 8.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Telecom sector?

BR Market2.78%
Telecom3.59%
Telecom Services and Carriers5.03%
Entertainment2.11%
Wireless Telecom1.03%
Interactive Media and Services1.00%
Media0.57%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 17.7x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings growth of 11.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 7.6% per year.
  • In contrast, the Interactive Media and Services 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?

CompanyLast Price7D1YValuation
VIVT3 Telefônica BrasilR$33.635.0%
+R$5.1b		29.3%PE17.8x
TIMS3 TIMR$24.541.0%
+R$239.7m		54.2%PE14.6x
FIQE3 Unifique TelecomunicaçõesR$5.3911.8%
+R$201.3m		42.2%PE10.7x
DESK3 DesktopR$15.853.6%
+R$63.7m		15.3%PE25.1x
BMOB3 Bemobi Mobile TechR$23.962.2%
+R$42.9m		64.4%PE16x

Latest News

BMOB3
R$23.96
Bemobi Mobile Tech
7D
2.2%
1Y
64.4%
CASH3
R$4.44
Méliuz
7D
-0.7%
1Y
29.8%

Méliuz S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 08
Méliuz S.A. Just Missed Earnings - But Analysts Have Updated Their Models
DESK3
R$15.85
Desktop
7D
3.6%
1Y
15.3%

Market Participants Recognise Desktop S.A.'s (BVMF:DESK3) Earnings Pushing Shares 28% Higher

Nov 08
Market Participants Recognise Desktop S.A.'s (BVMF:DESK3) Earnings Pushing Shares 28% Higher
FIQE3
R$5.39
Unifique Telecomunicações
7D
11.8%
1Y
42.2%

Investors Could Be Concerned With Unifique Telecomunicações' (BVMF:FIQE3) Returns On Capital

Nov 07
Investors Could Be Concerned With Unifique Telecomunicações' (BVMF:FIQE3) Returns On Capital
TIMS3
R$24.54
TIM
7D
1.0%
1Y
54.2%

TIMS3: Board Decisions And Infrastructure Expansion Will Drive Steady Performance

Narrative Update on TIM: Analyst Price Target Revision Analysts have increased their price target for TIM from $24.69 to $25.42. This reflects slightly higher profit margin forecasts and only minor changes to growth and valuation assumptions.
MSPA3
R$46.50
Companhia Melhoramentos de São Paulo
7D
1.1%
1Y
n/a
VIVT3
R$33.63
Telefônica Brasil
7D
5.0%
1Y
29.3%

VIVT3: Share Buyback and New Security Initiatives Will Shape Fair Value Outlook

Narrative Update on Telefônica Brasil Analysts have raised their price target for Telefônica Brasil from R$36.02 to R$36.89, reflecting subtle adjustments to growth and profitability expectations. What's in the News Telefônica Brasil completed the repurchase of 41,485,714 shares, representing 1.28% of its share capital for BRL 1.2 billion, as part of its ongoing buyback program (Company filings).
SHOW3
R$5.87
T4F Entretenimento
7D
-1.0%
1Y
-34.0%
ENJU3
R$0.95
Enjoei
7D
5.6%
1Y
-27.5%
DOTZ3
R$7.25
Dotz
7D
-8.6%
1Y
37.1%

Dotz S.A. (BVMF:DOTZ3) Stock Rockets 27% But Many Are Still Ignoring The Company

Sep 18
Dotz S.A. (BVMF:DOTZ3) Stock Rockets 27% But Many Are Still Ignoring The Company
FICT3
R$3.02
Fictor Alimentos
7D
-0.7%
1Y
-15.9%
BRST3
R$3.06
Brisanet Serviços de Telecomunicações
7D
3.0%
1Y
n/a

Earnings Troubles May Signal Larger Issues for Brisanet Serviços de Telecomunicações (BVMF:BRST3) Shareholders

May 22
Earnings Troubles May Signal Larger Issues for Brisanet Serviços de Telecomunicações (BVMF:BRST3) Shareholders
ATED3
R$2.16
Atom Educação E Editora
7D
-2.3%
1Y
n/a