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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?

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021R$481.7bR$437.0bR$67.4b6.6x
Wed, 27 Oct 2021R$489.9bR$404.3bR$63.8b6.8x
Fri, 24 Sep 2021R$507.8bR$404.3bR$63.8b7.2x
Sun, 22 Aug 2021R$511.1bR$404.1bR$63.5b8.3x
Fri, 09 Jul 2021R$522.0bR$393.7bR$62.3b8.8x
Thu, 01 Apr 2021R$515.7bR$367.9bR$55.8b9.5x
Sun, 03 Jan 2021R$500.1bR$345.2bR$49.1b10.3x
Wed, 07 Oct 2020R$462.4bR$341.4bR$45.4b10.6x
Tue, 30 Jun 2020R$487.4bR$341.6bR$44.9b11.8x
Fri, 03 Apr 2020R$410.3bR$342.8bR$43.8b9.6x
Mon, 06 Jan 2020R$496.4bR$329.6bR$43.4b11.4x
Thu, 10 Oct 2019R$461.7bR$323.0bR$49.8b11.1x
Wed, 03 Jul 2019R$430.7bR$317.3bR$44.8b10.9x
Sat, 06 Apr 2019R$378.5bR$284.0bR$40.1b11x
Tue, 08 Jan 2019R$320.0bR$272.8bR$38.9b11.6x
PE Ratio

11.9x

Total Market Cap: R$309.0bTotal Earnings: R$21.5bTotal Revenue: R$263.9b0%0%0%3 Year10 Year
201920202021

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 Utilities1.09%
Electric Utilities0.26%
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?

Company7D1YValuation
ENGI3 Energisa6.1%+R$1.6b17.3%PE12.5x
NEOE3 Neoenergia2.8%+R$558.3m-8.1%PE4.9x
LIGT3 Light12.2%+R$502.9m-46.3%PE6.1x
EEEL3 Companhia Estadual de Geração e Transmissão de Energia Elétrica - CEEE-GT5.6%+R$193.2m-25.0%PE5.1x
TAEE11 Transmissora Aliança de Energia Elétrica1.3%+R$158.5m8.9%PE4.9x
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LIGT3

R$12.46

Light

7D

12.2%

1Y

-46.3%

ENEV3

R$14.36

Eneva

7D

-7.4%

1Y

-3.1%