Analysis Article • May 07
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Brazilian (BOVESPA) Utilities Sector Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies33
- 7D-3.1%
- 3M5.6%
- 1Y30.9%
- YTD11.3%
Over the last 7 days, the Utilities industry has dropped 3.1%, driven by a pullback from Companhia de Saneamento Básico do Estado de São Paulo - SABESP of 4.5%. This takes the industry's 12 month performance to a gain of 31%. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the Brazilian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | R$792.2b | R$507.1b | R$57.9b | 10.5x | 13.7x | 1.6x |
| Mon, 06 Apr 2026 | R$841.0b | R$552.4b | R$59.7b | 10x | 14.1x | 1.5x |
| Wed, 04 Mar 2026 | R$834.1b | R$545.6b | R$62.8b | 8.7x | 13.3x | 1.5x |
| Fri, 30 Jan 2026 | R$804.8b | R$544.8b | R$49.6b | 9.2x | 16.2x | 1.5x |
| Sun, 28 Dec 2025 | R$737.2b | R$544.8b | R$49.6b | 9x | 14.9x | 1.4x |
| Tue, 25 Nov 2025 | R$758.7b | R$551.3b | R$49.6b | 9.3x | 15.3x | 1.4x |
| Thu, 23 Oct 2025 | R$706.3b | R$543.5b | R$70.6b | 8.4x | 10x | 1.3x |
| Sat, 20 Sep 2025 | R$685.1b | R$538.5b | R$70.1b | 8.2x | 9.8x | 1.3x |
| Mon, 18 Aug 2025 | R$638.8b | R$536.2b | R$70.6b | 8.4x | 9x | 1.2x |
| Wed, 16 Jul 2025 | R$611.8b | R$520.3b | R$73.3b | 8.2x | 8.3x | 1.2x |
| Fri, 13 Jun 2025 | R$653.8b | R$525.4b | R$73.9b | 8.7x | 8.8x | 1.2x |
| Sun, 11 May 2025 | R$625.8b | R$515.2b | R$72.8b | 8.2x | 8.6x | 1.2x |
| Tue, 08 Apr 2025 | R$560.5b | R$504.4b | R$73.0b | 7.6x | 7.7x | 1.1x |
| Thu, 06 Mar 2025 | R$559.2b | R$494.4b | R$71.2b | 7.8x | 7.9x | 1.1x |
| Sat, 01 Feb 2025 | R$552.2b | R$474.8b | R$69.1b | 8.7x | 8x | 1.2x |
| Mon, 30 Dec 2024 | R$527.3b | R$474.8b | R$69.1b | 8.4x | 7.6x | 1.1x |
| Wed, 27 Nov 2024 | R$566.7b | R$474.8b | R$69.1b | 8.7x | 8.2x | 1.2x |
| Fri, 25 Oct 2024 | R$594.6b | R$473.2b | R$56.4b | 9.4x | 10.5x | 1.3x |
| Sun, 22 Sep 2024 | R$608.9b | R$470.6b | R$57.0b | 8.3x | 10.7x | 1.3x |
| Tue, 20 Aug 2024 | R$621.8b | R$474.8b | R$59.2b | 8.2x | 10.5x | 1.3x |
| Thu, 18 Jul 2024 | R$581.0b | R$463.1b | R$55.9b | 7.9x | 10.4x | 1.3x |
| Sat, 15 Jun 2024 | R$548.0b | R$463.1b | R$55.9b | 7.9x | 9.8x | 1.2x |
| Mon, 13 May 2024 | R$578.9b | R$469.8b | R$56.2b | 8.5x | 10.3x | 1.2x |
| Wed, 10 Apr 2024 | R$611.1b | R$465.6b | R$54.7b | 9.2x | 11.2x | 1.3x |
| Fri, 08 Mar 2024 | R$588.5b | R$440.3b | R$44.4b | 9.8x | 13.3x | 1.3x |
| Sun, 04 Feb 2024 | R$617.1b | R$468.3b | R$47.0b | 11.9x | 13.1x | 1.3x |
| Tue, 02 Jan 2024 | R$635.8b | R$468.3b | R$47.0b | 12.9x | 13.5x | 1.4x |
| Thu, 30 Nov 2023 | R$605.0b | R$457.9b | R$47.0b | 11.7x | 12.9x | 1.3x |
| Sat, 28 Oct 2023 | R$561.8b | R$459.3b | R$45.7b | 10.7x | 12.3x | 1.2x |
| Mon, 25 Sep 2023 | R$579.3b | R$458.7b | R$45.4b | 11.3x | 12.8x | 1.3x |
| Wed, 23 Aug 2023 | R$571.4b | R$458.3b | R$43.9b | 10.7x | 13x | 1.2x |
| Fri, 21 Jul 2023 | R$584.4b | R$451.3b | R$41.5b | 12.1x | 14.1x | 1.3x |
| Sun, 18 Jun 2023 | R$574.9b | R$449.7b | R$42.4b | 10.1x | 13.6x | 1.3x |
| Tue, 16 May 2023 | R$568.6b | R$460.9b | R$44.5b | 9.6x | 12.8x | 1.2x |
Price to Earnings Ratio
12.8x
Current Industry PE
- Investors are optimistic on the Brazilian Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.7x which is higher than its 3-year average PE of 11.3x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 9.2% per year over the last three years.
- Revenues for these companies have grown 3.2% 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 Utilities sector?
| BR Market | -1.57% | |
| Utilities | -3.08% | |
| Gas Utilities | 0% | 0 |
| Renewable Energy | -1.22% | |
| Electric Utilities | -3.16% | |
| Water Utilities | -4.29% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 31.7%, which is lower than the prior year's growth of 119.2% per year.
- Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.1x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 119% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 9.2% per year 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 | |
|---|---|---|---|---|---|
| SAPR11 Companhia de Saneamento do Paraná - SANEPAR | R$42.49 | 4.8% +R$589.4m | 38.4% | PE6.2x | |
| REDE3 Rede Energia Participações | R$6.28 | 0.6% +R$102.7m | -3.5% | PE13.4x | |
| ALUP11 Alupar Investimento | R$34.75 | 0.7% +R$82.4m | 16.6% | PE9.4x |
