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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies37
  • 7D0.2%
  • 3M-3.1%
  • 1Y21.1%
  • YTD-1.1%

Last week, the Utilities industry hasn't moved much but Companhia de Saneamento Básico do Estado de São Paulo - SABESP is up 5.8% in that time. The past year has been better, since the industry has gained 22% 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
Thu, 28 Mar 2024R$586.7bR$451.2bR$53.9b9.1x10.9x1.3x
Sat, 24 Feb 2024R$586.9bR$441.2bR$44.7b9.7x13.1x1.3x
Mon, 22 Jan 2024R$619.3bR$468.3bR$47.0b12x13.2x1.3x
Wed, 20 Dec 2023R$626.5bR$468.3bR$47.0b12.6x13.3x1.3x
Fri, 17 Nov 2023R$607.6bR$468.3bR$47.0b12.2x12.9x1.3x
Sun, 15 Oct 2023R$560.0bR$458.7bR$45.4b10.8x12.3x1.2x
Tue, 12 Sep 2023R$570.2bR$458.7bR$45.4b11.1x12.6x1.2x
Thu, 10 Aug 2023R$573.2bR$451.7bR$40.5b9.9x14.1x1.3x
Sat, 08 Jul 2023R$592.7bR$451.3bR$42.2b10x14.1x1.3x
Mon, 05 Jun 2023R$551.5bR$449.7bR$42.5b10x13x1.2x
Wed, 03 May 2023R$547.2bR$456.8bR$45.9b9x11.9x1.2x
Fri, 31 Mar 2023R$541.0bR$456.5bR$47.0b8.8x11.5x1.2x
Sun, 26 Feb 2023R$537.4bR$463.0bR$54.2b8.7x9.9x1.2x
Tue, 24 Jan 2023R$561.8bR$461.9bR$51.5b8.4x10.9x1.2x
Thu, 22 Dec 2022R$566.1bR$461.9bR$51.5b8.4x11x1.2x
Sat, 19 Nov 2022R$601.0bR$459.9bR$52.8b8.5x11.4x1.3x
Mon, 17 Oct 2022R$604.6bR$474.3bR$55.4b8.8x10.9x1.3x
Wed, 14 Sep 2022R$620.3bR$474.3bR$55.4b9x11.2x1.3x
Fri, 12 Aug 2022R$602.2bR$463.6bR$59.3b8.3x10.2x1.3x
Sun, 10 Jul 2022R$569.1bR$463.2bR$61.0b7.8x9.3x1.2x
Tue, 07 Jun 2022R$524.8bR$463.3bR$61.0b8.2x8.6x1.1x
Thu, 05 May 2022R$520.7bR$451.8bR$59.0b8.2x8.8x1.2x
Sat, 02 Apr 2022R$554.3bR$450.1bR$60.5b8.3x9.2x1.2x
Mon, 28 Feb 2022R$497.8bR$438.5bR$63.1b6.7x7.9x1.1x
Wed, 26 Jan 2022R$473.1bR$434.9bR$64.4b6.4x7.3x1.1x
Fri, 24 Dec 2021R$477.2bR$432.9bR$64.6b7x7.4x1.1x
Sun, 21 Nov 2021R$484.7bR$440.1bR$65.5b6.7x7.4x1.1x
Tue, 19 Oct 2021R$513.1bR$404.3bR$63.8b7.1x8x1.3x
Thu, 16 Sep 2021R$507.0bR$403.8bR$63.5b8.1x8x1.3x
Sat, 14 Aug 2021R$502.4bR$404.1bR$63.5b8x7.9x1.2x
Wed, 09 Jun 2021R$531.9bR$367.9bR$55.8b10.2x9.5x1.4x
Price to Earnings Ratio

9.2x


Total Market Cap: R$515.7bTotal Earnings: R$55.8bTotal Revenue: R$367.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Utilities Sector Price to Earnings3Y Average 10.5x202220232024
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 10.5x.
  • 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 7.0% 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 Market-0.46%
Utilities0.15%
Water Utilities4.96%
Gas Utilities0%
Other Utilities0%
Electric Utilities-0.31%
Renewable Energy-1.49%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 15.0x.
    • Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings growth of 28.8% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 34% 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 8.6% 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
SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESPR$83.295.8%
+R$3.1b
63.5%PE16.2x
CPFE3 CPFL EnergiaR$35.122.1%
+R$818.1m
10.2%PE7.3x
ENGI3 EnergisaR$15.441.8%
+R$640.0m
27.9%PE18.6x
CSRN3 Companhia Energética do Rio Grande do Norte - COSERNR$26.998.6%
+R$358.0m
3.8%PE7.7x
CSMG3 Companhia de Saneamento de Minas GeraisR$21.664.2%
+R$329.9m
36.4%PE6x
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Latest News

LIPR3

R$50.11

Eletrobrás Participações - Eletropar

7D

-21.9%

1Y

n/a

EQTL3

R$32.84

Equatorial Energia

7D

-3.4%

1Y

21.3%

CSMG3

R$21.66

Companhia de Saneamento de Minas Gerais

7D

4.2%

1Y

36.4%

CPFE3

R$35.12

CPFL Energia

7D

2.1%

1Y

10.2%

SBSP3

R$83.29

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

7D

5.8%

1Y

63.5%

ENEV3

R$12.82

Eneva

7D

0.4%

1Y

19.9%

ALUP11

R$30.96

Alupar Investimento

7D

-1.7%

1Y

17.6%

CSRN3

R$26.99

Companhia Energética do Rio Grande do Norte - COSERN

7D

8.6%

1Y

3.8%

NEOE3

R$20.50

Neoenergia

7D

-1.4%

1Y

37.1%

REDE3

R$6.98

Rede Energia Participações

7D

1.9%

1Y

35.8%

AESB3

R$10.19

AES Brasil Energia

7D

-6.5%

1Y

2.4%