Analysis Article • Aug 17
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Brazilian (BOVESPA) Utilities Sector Analysis
UpdatedAug 19, 2026
DataAggregated Company Financials
Companies34
- 7D-2.5%
- 3M-9.8%
- 1Y9.4%
- YTD-7.1%
Over the last 7 days, the Utilities industry has dropped 2.3%, driven by Companhia de Saneamento Básico do Estado de São Paulo - SABESP declining 8.4%. Over the past 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Aug 2026 | R$696.0b | R$536.7b | R$61.4b | 10.4x | 11.3x | 1.3x |
| Fri, 17 Jul 2026 | R$751.8b | R$527.5b | R$59.4b | 10.6x | 12.7x | 1.4x |
| Sun, 14 Jun 2026 | R$751.8b | R$527.2b | R$59.1b | 10.7x | 12.7x | 1.4x |
| Tue, 12 May 2026 | R$776.0b | R$507.9b | R$57.0b | 10.5x | 13.6x | 1.5x |
| Thu, 09 Apr 2026 | R$842.3b | R$552.3b | R$59.7b | 10.3x | 14.1x | 1.5x |
| Sat, 07 Mar 2026 | R$805.7b | R$546.8b | R$62.8b | 9.8x | 12.8x | 1.5x |
| Mon, 02 Feb 2026 | R$791.9b | R$544.8b | R$49.6b | 9.1x | 16x | 1.5x |
| Wed, 31 Dec 2025 | R$739.0b | R$544.8b | R$49.6b | 9x | 14.9x | 1.4x |
| Fri, 28 Nov 2025 | R$781.1b | R$551.3b | R$49.6b | 9.4x | 15.7x | 1.4x |
| Sun, 26 Oct 2025 | R$713.5b | R$543.5b | R$70.6b | 8.4x | 10.1x | 1.3x |
| Tue, 23 Sep 2025 | R$678.0b | R$538.5b | R$70.1b | 8.3x | 9.7x | 1.3x |
| Thu, 21 Aug 2025 | R$632.0b | R$537.6b | R$70.1b | 8.1x | 9x | 1.2x |
| Sat, 19 Jul 2025 | R$608.5b | R$520.3b | R$73.3b | 8.1x | 8.3x | 1.2x |
| Mon, 16 Jun 2025 | R$653.3b | R$525.4b | R$73.9b | 8.7x | 8.8x | 1.2x |
| Wed, 14 May 2025 | R$627.1b | R$515.2b | R$72.8b | 8.1x | 8.6x | 1.2x |
| Fri, 11 Apr 2025 | R$586.6b | R$509.5b | R$73.5b | 7.7x | 8x | 1.2x |
| Sun, 09 Mar 2025 | R$570.5b | R$494.4b | R$71.2b | 8x | 8x | 1.2x |
| Tue, 04 Feb 2025 | R$550.0b | R$474.8b | R$69.1b | 8.8x | 8x | 1.2x |
| Thu, 02 Jan 2025 | R$525.7b | R$474.8b | R$69.1b | 8.2x | 7.6x | 1.1x |
| Sat, 30 Nov 2024 | R$541.2b | R$474.8b | R$69.1b | 8.5x | 7.8x | 1.1x |
| Mon, 28 Oct 2024 | R$594.8b | R$473.2b | R$56.4b | 9.4x | 10.6x | 1.3x |
| Wed, 25 Sep 2024 | R$602.8b | R$470.6b | R$57.0b | 8.3x | 10.6x | 1.3x |
| Fri, 23 Aug 2024 | R$617.4b | R$474.9b | R$59.2b | 8.2x | 10.4x | 1.3x |
| Sun, 21 Jul 2024 | R$567.8b | R$463.1b | R$55.9b | 7.9x | 10.2x | 1.2x |
| Tue, 18 Jun 2024 | R$538.8b | R$463.1b | R$55.9b | 7.9x | 9.6x | 1.2x |
| Thu, 16 May 2024 | R$590.0b | R$469.1b | R$56.9b | 8.2x | 10.4x | 1.3x |
| Sat, 13 Apr 2024 | R$591.3b | R$465.6b | R$54.7b | 9.2x | 10.8x | 1.3x |
| Mon, 11 Mar 2024 | R$591.2b | R$440.9b | R$45.1b | 9.6x | 13.1x | 1.3x |
| Wed, 07 Feb 2024 | R$573.5b | R$433.9b | R$46.0b | 8.4x | 12.5x | 1.3x |
| Fri, 05 Jan 2024 | R$628.0b | R$468.3b | R$47.0b | 12.5x | 13.4x | 1.3x |
| Sun, 03 Dec 2023 | R$610.6b | R$468.3b | R$47.0b | 12.1x | 13x | 1.3x |
| Tue, 31 Oct 2023 | R$550.0b | R$459.0b | R$45.9b | 10.6x | 12x | 1.2x |
| Thu, 28 Sep 2023 | R$568.1b | R$458.7b | R$45.4b | 10.9x | 12.5x | 1.2x |
| Sat, 26 Aug 2023 | R$578.5b | R$458.7b | R$45.4b | 11x | 12.7x | 1.3x |
Price to Earnings Ratio
12.7x
Current Industry PE
- Investors are relatively neutral on the Brazilian Utilities 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 11.2x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 5.4% 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 | -0.66% | |
| Utilities | -2.50% | |
| Gas Utilities | 0% | 0 |
| Renewable Energy | -0.52% | |
| Electric Utilities | -1.26% | |
| Water Utilities | -8.32% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 26.0%, which is lower than the prior year's growth of 31.6% per year.
- Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ENEV3 Eneva | R$24.65 | 2.2% +R$1.0b | 74.7% | PE49x | |
| EQPA3 Equatorial Pará Distribuidora de Energia | R$5.45 | 4.8% +R$552.3m | -3.5% | PE7.7x | |
| SAPR11 Companhia de Saneamento do Paraná - SANEPAR | R$31.94 | 1.6% +R$148.1m | -6.3% | PE21.2x | |
| CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBA | R$46.50 | 1.1% +R$131.0m | 26.0% | PE8.2x | |
| ALUP11 Alupar Investimento | R$31.15 | 0.9% +R$95.6m | 6.7% | PE7.4x |
