Narrative Update • Aug 21

The Integrated Telecom Services industry is up 3.0% in the last week, with Telefônica Brasil up 2.7%. However, the industry is down 9.5% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.
Has the Brazilian Integrated Telecom Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 28 Aug 2026 | R$99.5b | R$64.9b | R$7.0b | 11.2x | 14.2x | 1.5x |
| Sun, 26 Jul 2026 | R$118.6b | R$63.7b | R$6.7b | 15x | 17.7x | 1.9x |
| Tue, 23 Jun 2026 | R$112.4b | R$63.7b | R$6.7b | 14.7x | 16.7x | 1.8x |
| Thu, 21 May 2026 | R$119.0b | R$63.6b | R$6.8b | 14.7x | 17.5x | 1.9x |
| Sat, 18 Apr 2026 | R$136.3b | R$62.5b | R$6.6b | 17.2x | 20.7x | 2.2x |
| Mon, 16 Mar 2026 | R$134.9b | R$62.4b | R$6.5b | 17.9x | 20.8x | 2.2x |
| Wed, 11 Feb 2026 | R$132.3b | R$61.4b | R$6.4b | 17.9x | 20.7x | 2.2x |
| Fri, 09 Jan 2026 | R$110.0b | R$61.4b | R$6.4b | 15.8x | 17.2x | 1.8x |
| Sun, 07 Dec 2025 | R$111.8b | R$61.4b | R$6.4b | 17.1x | 17.5x | 1.8x |
| Tue, 04 Nov 2025 | R$107.2b | R$61.3b | R$6.3b | 19.2x | 16.9x | 1.8x |
| Thu, 02 Oct 2025 | R$113.2b | R$60.4b | R$6.1b | 16.8x | 18.5x | 1.9x |
| Sat, 30 Aug 2025 | R$113.1b | R$60.4b | R$6.1b | 15.5x | 18.5x | 1.9x |
| Mon, 28 Jul 2025 | R$101.6b | R$59.3b | R$6.0b | 13.9x | 17x | 1.7x |
| Wed, 25 Jun 2025 | R$102.4b | R$59.3b | R$6.0b | 14.8x | 17.1x | 1.7x |
| Fri, 23 May 2025 | R$93.3b | R$59.3b | R$6.0b | 13.6x | 15.6x | 1.6x |
| Sun, 20 Apr 2025 | R$89.3b | R$58.4b | R$5.7b | 11.3x | 15.5x | 1.5x |
| Tue, 18 Mar 2025 | R$87.1b | R$58.3b | R$5.6b | 10.5x | 15.6x | 1.5x |
| Thu, 13 Feb 2025 | R$88.7b | R$57.3b | R$5.4b | 11.7x | 16.3x | 1.5x |
| Sat, 11 Jan 2025 | R$81.6b | R$57.3b | R$5.4b | 12.5x | 15x | 1.4x |
| Mon, 09 Dec 2024 | R$88.1b | R$57.3b | R$5.4b | 15.7x | 16.2x | 1.5x |
| Wed, 06 Nov 2024 | R$93.4b | R$57.6b | R$5.3b | 13x | 17.5x | 1.6x |
| Fri, 04 Oct 2024 | R$95.5b | R$57.6b | R$5.3b | 13x | 17.9x | 1.7x |
| Sun, 01 Sep 2024 | R$91.2b | R$57.6b | R$5.3b | 14.2x | 17.1x | 1.6x |
| Tue, 30 Jul 2024 | R$86.4b | R$56.6b | R$5.3b | 13.4x | 16.3x | 1.5x |
| Thu, 27 Jun 2024 | R$82.1b | R$56.6b | R$5.3b | 13.2x | 15.5x | 1.5x |
| Sat, 25 May 2024 | R$81.8b | R$56.6b | R$5.3b | 13.1x | 15.4x | 1.4x |
| Mon, 22 Apr 2024 | R$86.3b | R$55.6b | R$5.3b | 13x | 16.2x | 1.6x |
| Wed, 20 Mar 2024 | R$90.4b | R$55.4b | R$5.3b | 14.4x | 17x | 1.6x |
| Fri, 16 Feb 2024 | R$95.6b | R$54.6b | R$4.8b | 13.6x | 19.8x | 1.8x |
| Sun, 14 Jan 2024 | R$89.8b | R$54.6b | R$4.8b | 14.3x | 18.6x | 1.6x |
| Tue, 12 Dec 2023 | R$93.4b | R$54.6b | R$4.8b | 14.9x | 19.3x | 1.7x |
| Thu, 09 Nov 2023 | R$85.4b | R$54.4b | R$4.9b | 15x | 17.5x | 1.6x |
| Sat, 07 Oct 2023 | R$80.1b | R$53.5b | R$4.8b | 14x | 16.5x | 1.5x |
| Mon, 04 Sep 2023 | R$75.4b | R$53.5b | R$4.8b | 14.5x | 15.6x | 1.4x |
15.6x
How does Brazilian Integrated Telecom Services compare with similar industries?
| BR Market | 1.88% | |
| Telecom | 0.26% | |
| Telecom Services and Carriers | 0.42% | |
| Integrated Telecom Services | 0.42% | |
| Alternative Carriers | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VIVT3 Telefônica Brasil | R$29.39 | 0.2% +R$191.7m | -13.2% | PE14.2x | |
| FIQE3 Unifique Telecomunicações | R$4.65 | 2.2% +R$38.9m | 13.1% | PE8.1x |