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Brazilian (BOVESPA) Utilities Sector Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies43
- 7D-0.4%
- 3M-5.9%
- 1Y-5.0%
- YTD-9.8%
Over the last 7 days, the Utilities industry has risen 2.2%, driven by gains from Energisa of 9.8%. However, the industry is down 3.2% over the past year.
Sector Valuation and Performance
Has the Brazilian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | R$481.7b | R$437.0b | R$67.4b | 6.6x |
| Wed, 27 Oct 2021 | R$489.9b | R$404.3b | R$63.8b | 6.8x |
| Fri, 24 Sep 2021 | R$507.8b | R$404.3b | R$63.8b | 7.2x |
| Sun, 22 Aug 2021 | R$511.1b | R$404.1b | R$63.5b | 8.3x |
| Fri, 09 Jul 2021 | R$522.0b | R$393.7b | R$62.3b | 8.8x |
| Thu, 01 Apr 2021 | R$515.7b | R$367.9b | R$55.8b | 9.5x |
| Sun, 03 Jan 2021 | R$500.1b | R$345.2b | R$49.1b | 10.3x |
| Wed, 07 Oct 2020 | R$462.4b | R$341.4b | R$45.4b | 10.6x |
| Tue, 30 Jun 2020 | R$487.4b | R$341.6b | R$44.9b | 11.8x |
| Fri, 03 Apr 2020 | R$410.3b | R$342.8b | R$43.8b | 9.6x |
| Mon, 06 Jan 2020 | R$496.4b | R$329.6b | R$43.4b | 11.4x |
| Thu, 10 Oct 2019 | R$461.7b | R$323.0b | R$49.8b | 11.1x |
| Wed, 03 Jul 2019 | R$430.7b | R$317.3b | R$44.8b | 10.9x |
| Sat, 06 Apr 2019 | R$378.5b | R$284.0b | R$40.1b | 11x |
| Tue, 08 Jan 2019 | R$320.0b | R$272.8b | R$38.9b | 11.6x |
PE Ratio
11.9x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Utilities industry have grown 45% per year over the last three years, and revenues for these companies have grown 19% 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?
| Gas Utilities | 1.09% | |
| Electric Utilities | 0.26% | |
| Water Utilities | -1.32% | |
| Renewable Energy | -3.30% | |
Industry PE: Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 14.4x. However analysts are expecting annual earnings growth of 16%, which is lower than the prior year's growth of 42% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 10.1x.
Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years. However this is lower than its past earnings growth rate of 42% per year. Meanwhile, the Electric Utilities 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?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| ENGI3 Energisa | 6.1%+R$1.6b | 17.3% | PE12.5x | |
| NEOE3 Neoenergia | 2.8%+R$558.3m | -8.1% | PE4.9x | |
| LIGT3 Light | 12.2%+R$502.9m | -46.3% | PE6.1x | |
| EEEL3 Companhia Estadual de Geração e Transmissão de Energia Elétrica - CEEE-GT | 5.6%+R$193.2m | -25.0% | PE5.1x | |
| TAEE11 Transmissora Aliança de Energia Elétrica | 1.3%+R$158.5m | 8.9% | PE4.9x |
