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Brazilian (BOVESPA) Market Analysis & Valuation
UpdatedSep 25, 2024
DataAggregated Company Financials
Companies343
- 7D-1.4%
- 3M5.6%
- 1Y9.7%
- YTD-3.2%
Over the last 7 days, the market has dropped 1.4%, driven by a loss of 3.7% in the Financials sector. In the last year, the market is actually up 9.7%. Looking forward, earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Brazilian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Sep 2024 | R$4.6t | R$4.4t | R$427.9b | 9.9x | 10.7x | 1x |
| Fri, 23 Aug 2024 | R$4.7t | R$4.4t | R$430.4b | 10.2x | 10.9x | 1.1x |
| Sun, 21 Jul 2024 | R$4.4t | R$4.3t | R$446.2b | 9.9x | 10x | 1x |
| Tue, 18 Jun 2024 | R$4.2t | R$4.3t | R$446.3b | 9.5x | 9.4x | 1x |
| Thu, 16 May 2024 | R$4.5t | R$4.4t | R$443.9b | 10.4x | 10.1x | 1x |
| Sat, 13 Apr 2024 | R$4.5t | R$4.3t | R$460.4b | 10.4x | 9.8x | 1x |
| Mon, 11 Mar 2024 | R$4.6t | R$4.3t | R$448.6b | 10.3x | 10.1x | 1.1x |
| Wed, 07 Feb 2024 | R$4.6t | R$4.3t | R$467.6b | 10.2x | 9.9x | 1.1x |
| Fri, 05 Jan 2024 | R$4.7t | R$4.3t | R$467.4b | 11.5x | 10.1x | 1.1x |
| Sun, 03 Dec 2023 | R$4.5t | R$4.4t | R$468.0b | 11.2x | 9.7x | 1x |
| Tue, 31 Oct 2023 | R$4.1t | R$4.5t | R$488.2b | 10.2x | 8.3x | 0.9x |
| Thu, 28 Sep 2023 | R$4.2t | R$4.5t | R$504.4b | 10.6x | 8.3x | 0.9x |
| Sat, 26 Aug 2023 | R$4.3t | R$4.5t | R$504.4b | 11x | 8.6x | 1x |
| Mon, 24 Jul 2023 | R$4.5t | R$4.6t | R$553.3b | 11.9x | 8.1x | 1x |
| Wed, 21 Jun 2023 | R$4.5t | R$4.6t | R$554.3b | 11.8x | 8.1x | 1x |
| Fri, 19 May 2023 | R$4.1t | R$4.6t | R$563.5b | 10.3x | 7.3x | 0.9x |
| Sun, 16 Apr 2023 | R$4.0t | R$4.6t | R$595.3b | 10.1x | 6.8x | 0.9x |
| Tue, 14 Mar 2023 | R$4.0t | R$4.6t | R$615.8b | 9.6x | 6.4x | 0.9x |
| Thu, 09 Feb 2023 | R$4.2t | R$4.5t | R$625.7b | 9.8x | 6.7x | 0.9x |
| Sat, 07 Jan 2023 | R$4.1t | R$4.5t | R$628.9b | 9.4x | 6.6x | 0.9x |
| Mon, 05 Dec 2022 | R$4.4t | R$4.6t | R$628.7b | 9.4x | 6.9x | 1x |
| Wed, 02 Nov 2022 | R$4.7t | R$4.4t | R$640.0b | 9.8x | 7.3x | 1.1x |
| Fri, 30 Sep 2022 | R$4.3t | R$4.4t | R$635.3b | 9.2x | 6.8x | 1x |
| Sun, 28 Aug 2022 | R$4.5t | R$4.4t | R$638.7b | 9.6x | 7.1x | 1x |
| Tue, 26 Jul 2022 | R$4.2t | R$4.2t | R$681.9b | 8.1x | 6.1x | 1x |
| Thu, 23 Jun 2022 | R$4.1t | R$4.2t | R$683.7b | 8.3x | 6x | 1x |
| Sat, 21 May 2022 | R$4.5t | R$4.2t | R$678.1b | 8.9x | 6.6x | 1.1x |
| Mon, 18 Apr 2022 | R$4.9t | R$4.0t | R$626.9b | 10.1x | 7.8x | 1.2x |
| Wed, 16 Mar 2022 | R$4.7t | R$3.9t | R$617.1b | 9.5x | 7.6x | 1.2x |
| Fri, 11 Feb 2022 | R$4.8t | R$3.8t | R$611.7b | 9.7x | 7.9x | 1.3x |
| Sun, 09 Jan 2022 | R$4.5t | R$3.8t | R$615.2b | 9.7x | 7.2x | 1.2x |
| Tue, 07 Dec 2021 | R$4.7t | R$3.8t | R$617.2b | 10.4x | 7.5x | 1.2x |
| Thu, 04 Nov 2021 | R$4.8t | R$3.6t | R$586.6b | 11.8x | 8.2x | 1.3x |
| Sat, 02 Oct 2021 | R$5.1t | R$3.5t | R$535.7b | 12.5x | 9.4x | 1.4x |
Price to Earnings Ratio
9.4x
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 10.7x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
- The earnings for Brazilian listed companies have declined 7.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 | -1.44% | |
| Materials | 2.93% | |
| Industrials | 1.57% | |
| Energy | 1.52% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -0.82% | |
| Consumer Staples | -1.77% | |
| Utilities | -2.21% | |
| Real Estate | -3.57% | |
| Tech | -3.61% | |
| Financials | -3.73% | |
| Consumer Discretionary | -4.36% | |
| Healthcare | -6.92% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 26.4%, which is higher than its past year's earnings growth of 13.4% 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 3.9x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Materials sector is expected to see its earnings grow by 3.3% 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 | |
|---|---|---|---|---|---|---|
| VALE3 Vale | R$60.34 | 4.9% +R$12.0b | -8.2% | PE5.3x | Materials | |
| WEGE3 WEG | R$55.39 | 3.8% +R$8.5b | 53.8% | PE39.9x | Industrials | |
| AMBP3 Ambipar Participações e Empreendimentos | R$92.97 | 33.1% +R$3.8b | 361.8% | PS2.9x | Industrials | |
| PRIO3 Prio | R$46.54 | 7.8% +R$2.8b | -3.6% | PE6.9x | Energy | |
| CBEE3 Ampla Energia e Serviços | R$18.99 | 89.9% +R$2.3b | n/a | PS0.6x | Utilities |
