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Brazilian (BOVESPA) Market Analysis & Valuation
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies345
- 7D2.6%
- 3M-2.0%
- 1Y-6.1%
- YTD6.5%
The market has climbed by 2.6% over the past week, with every sector up and the Financials sector leading the way. Longer term the market is actually down 6.1% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.
Market Valuation and Performance
Has the Brazilian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | R$4.3t | R$4.6t | R$469.7b | 8.6x | 9.2x | 0.9x |
| Tue, 14 Jan 2025 | R$4.0t | R$4.1t | R$458.8b | 7.9x | 8.8x | 1x |
| Thu, 12 Dec 2024 | R$4.4t | R$4.6t | R$482.3b | 8.9x | 9.1x | 1x |
| Sat, 09 Nov 2024 | R$4.4t | R$4.4t | R$438.8b | 9.1x | 10x | 1x |
| Mon, 07 Oct 2024 | R$4.6t | R$4.4t | R$428.8b | 9.7x | 10.6x | 1x |
| Wed, 04 Sep 2024 | R$4.7t | R$4.4t | R$427.0b | 10.3x | 10.9x | 1.1x |
| Fri, 02 Aug 2024 | R$4.5t | R$4.4t | R$455.3b | 9.8x | 9.8x | 1x |
| Sun, 30 Jun 2024 | R$4.3t | R$4.3t | R$446.8b | 9.4x | 9.7x | 1x |
| Tue, 28 May 2024 | R$3.2t | R$3.5t | R$259.9b | 10.2x | 12.4x | 0.9x |
| Thu, 25 Apr 2024 | R$4.4t | R$4.3t | R$459.5b | 10.3x | 9.7x | 1x |
| Sat, 23 Mar 2024 | R$4.5t | R$4.3t | R$451.8b | 10.4x | 10x | 1x |
| Mon, 19 Feb 2024 | R$4.6t | R$4.3t | R$466.1b | 10.4x | 9.8x | 1.1x |
| Wed, 17 Jan 2024 | R$4.7t | R$4.3t | R$467.6b | 11.4x | 10x | 1.1x |
| Fri, 15 Dec 2023 | R$4.6t | R$4.4t | R$467.5b | 11.5x | 9.9x | 1.1x |
| Sun, 12 Nov 2023 | R$4.3t | R$381.8t | R$93.9t | 10.8x | 0.05x | 0.01x |
| Tue, 10 Oct 2023 | R$4.2t | R$4.5t | R$504.4b | 10.7x | 8.3x | 0.9x |
| Thu, 07 Sep 2023 | R$4.3t | R$4.5t | R$506.3b | 11x | 8.5x | 1x |
| Sat, 05 Aug 2023 | R$4.5t | R$4.6t | R$510.5b | 12.1x | 8.7x | 1x |
| Mon, 03 Jul 2023 | R$4.4t | R$4.6t | R$553.5b | 11.6x | 8x | 1x |
| Wed, 31 May 2023 | R$4.1t | R$4.6t | R$554.6b | 10.8x | 7.4x | 0.9x |
| Fri, 28 Apr 2023 | R$3.9t | R$4.6t | R$594.1b | 9.8x | 6.6x | 0.9x |
| Sun, 26 Mar 2023 | R$3.8t | R$4.6t | R$602.7b | 9.4x | 6.3x | 0.8x |
| Tue, 21 Feb 2023 | R$4.2t | R$4.6t | R$607.5b | 9.6x | 6.9x | 0.9x |
| Thu, 19 Jan 2023 | R$4.2t | R$4.5t | R$628.4b | 9.7x | 6.7x | 0.9x |
| Sat, 17 Dec 2022 | R$3.9t | R$4.6t | R$628.5b | 8.9x | 6.3x | 0.9x |
| Mon, 14 Nov 2022 | R$4.4t | R$4.5t | R$631.9b | 9.7x | 7x | 1x |
| Wed, 12 Oct 2022 | R$4.6t | R$4.4t | R$635.3b | 9.8x | 7.2x | 1x |
| Fri, 09 Sep 2022 | R$4.4t | R$4.4t | R$635.3b | 9.5x | 7x | 1x |
| Sun, 07 Aug 2022 | R$4.4t | R$4.3t | R$658.2b | 8.8x | 6.7x | 1x |
| Tue, 05 Jul 2022 | R$4.0t | R$4.2t | R$682.1b | 7.9x | 5.9x | 0.9x |
| Thu, 02 Jun 2022 | R$4.5t | R$4.2t | R$681.0b | 8.9x | 6.6x | 1.1x |
| Sat, 30 Apr 2022 | R$4.6t | R$4.0t | R$618.7b | 9.6x | 7.4x | 1.1x |
| Mon, 28 Mar 2022 | R$5.1t | R$4.0t | R$620.9b | 10.1x | 8.2x | 1.3x |
| Wed, 23 Feb 2022 | R$4.9t | R$3.8t | R$612.2b | 9.6x | 7.9x | 1.3x |
Price to Earnings Ratio
7.9x
Current Market PE
- Investors are optimistic on the Brazilian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.2x which is higher than its 3-year average PE of 8.3x.
Past Earnings Growth
- The earnings for Brazilian listed companies have declined 8.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.0% 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, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Brazilian Market?
| BR Market | 2.63% | |
| Telecom | 7.54% | |
| Healthcare | 4.79% | |
| Consumer Discretionary | 4.11% | |
| Utilities | 3.80% | |
| Tech | 3.47% | |
| Energy | 2.35% | |
| Financials | 2.29% | |
| Real Estate | 2.04% | |
| Consumer Staples | 1.86% | |
| Industrials | 1.84% | |
| Materials | 1.51% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 24.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings growth of 11.0% per year.
- The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 4.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 4.1% 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 | Sector | |
|---|---|---|---|---|---|---|
| BBAS3 Banco do Brasil | R$28.75 | 3.5% +R$5.5b | -0.6% | PB0.9x | Financials | |
| VIVT3 Telefônica Brasil | R$53.85 | 5.8% +R$4.8b | 2.3% | PE16.3x | Telecom | |
| TIMS3 TIM | R$17.53 | 12.1% +R$4.6b | 0.7% | PE13.5x | Telecom | |
| ABEV3 Ambev | R$11.13 | 2.6% +R$4.4b | -12.8% | PE12.6x | Consumer Staples | |
| BPAC11 Banco BTG Pactual | R$33.04 | 2.9% +R$4.4b | -9.3% | PE13.3x | Financials |
