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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedDec 04, 2023
DataAggregated Company Financials
Companies41
  • 7D1.0%
  • 3M7.2%
  • 1Y8.4%
  • YTD13.7%

Last week, the Utilities industry hasn't moved much but Neoenergia is up 4.8% in that time. The past year has been better, since the industry has gained 8.4% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Dec 2023R$610.6bR$468.3bR$47.0b12.1x13x1.3x
Wed, 01 Nov 2023R$551.4bR$459.3bR$45.9b10.6x12x1.2x
Fri, 29 Sep 2023R$572.0bR$458.7bR$45.4b11x12.6x1.2x
Sun, 27 Aug 2023R$578.9bR$458.7bR$45.4b11x12.7x1.3x
Tue, 25 Jul 2023R$594.8bR$451.3bR$41.5b12.2x14.3x1.3x
Thu, 22 Jun 2023R$583.6bR$449.8bR$42.4b10.2x13.8x1.3x
Sat, 20 May 2023R$546.1bR$449.5bR$42.5b9.9x12.8x1.2x
Mon, 17 Apr 2023R$557.4bR$454.6bR$45.9b9.2x12.1x1.2x
Wed, 15 Mar 2023R$539.6bR$463.1bR$53.1b9.5x10.2x1.2x
Fri, 10 Feb 2023R$542.6bR$461.9bR$51.5b8.4x10.5x1.2x
Sun, 08 Jan 2023R$559.8bR$461.9bR$51.5b8.4x10.9x1.2x
Tue, 06 Dec 2022R$612.7bR$461.2bR$51.6b8.2x11.9x1.3x
Thu, 03 Nov 2022R$651.9bR$469.4bR$54.8b9.6x11.9x1.4x
Sat, 01 Oct 2022R$595.7bR$474.3bR$55.4b8.4x10.8x1.3x
Mon, 29 Aug 2022R$617.7bR$471.1bR$56.9b8.9x10.9x1.3x
Wed, 27 Jul 2022R$584.0bR$463.2bR$61.0b7.7x9.6x1.3x
Fri, 24 Jun 2022R$536.4bR$463.2bR$61.0b8.1x8.8x1.2x
Sun, 22 May 2022R$527.8bR$456.7bR$60.2b8.1x8.8x1.2x
Tue, 19 Apr 2022R$570.0bR$448.5bR$60.5b8.5x9.4x1.3x
Thu, 17 Mar 2022R$496.5bR$438.9bR$63.4b7x7.8x1.1x
Sat, 12 Feb 2022R$482.5bR$434.9bR$64.4b6.9x7.5x1.1x
Mon, 10 Jan 2022R$456.3bR$434.9bR$64.4b6.4x7.1x1x
Wed, 08 Dec 2021R$485.6bR$443.4bR$65.9b6.5x7.4x1.1x
Fri, 05 Nov 2021R$480.1bR$415.1bR$65.3b7x7.4x1.2x
Sun, 03 Oct 2021R$506.7bR$404.3bR$63.8b7.2x7.9x1.3x
Tue, 31 Aug 2021R$510.4bR$404.1bR$63.5b8.4x8x1.3x
Wed, 07 Jul 2021R$522.0bR$393.7bR$62.3b8.8x8.4x1.3x
Sat, 10 Apr 2021R$515.7bR$367.9bR$55.8b9.5x9.2x1.4x
Fri, 01 Jan 2021R$500.1bR$345.2bR$49.1b10.3x10.2x1.4x
Price to Earnings Ratio

10.8x


Total Market Cap: R$489.9bTotal Earnings: R$45.4bTotal Revenue: R$341.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Utilities Sector Price to Earnings3Y Average 10.1x202120222023
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 13.0x which is higher than its 3-year average PE of 10.1x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

BR Market2.41%
Utilities0.98%
Water Utilities1.33%
Electric Utilities1.04%
Renewable Energy0.63%
Gas Utilities0%
Other Utilities0%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 27.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEOE3 NeoenergiaR$20.214.8%
+R$1.1b
36.5%PE5.5x
MEGA3 Omega EnergiaR$9.6213.0%
+R$691.2m
-4.1%PE115.6x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$7.494.3%
+R$684.8m
14.5%PE7.8x
SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESPR$68.661.4%
+R$663.0m
15.9%PE15.8x
ENGI3 EnergisaR$17.971.6%
+R$590.2m
37.7%PE20.5x
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Latest News

AURE3

R$14.86

Auren Energia

7D

2.6%

1Y

10.6%

EGIE3

R$43.66

Engie Brasil Energia

7D

-0.02%

1Y

10.6%

ENEV3

R$12.95

Eneva

7D

1.6%

1Y

7.2%

MEGA3

R$9.62

Omega Energia

7D

13.0%

1Y

-4.1%

ENGI3

R$17.97

Energisa

7D

1.6%

1Y

37.7%

EQTL3

R$34.17

Equatorial Energia

7D

-1.3%

1Y

29.1%

NEOE3

R$20.21

Neoenergia

7D

4.8%

1Y

36.5%

AFLT3

R$7.60

Afluente Transmissão de Energia Elétrica

7D

-0.4%

1Y

-16.8%