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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedNov 01, 2024
DataAggregated Company Financials
Companies339
  • 7D0.3%
  • 3M2.0%
  • 1Y7.0%
  • YTD-5.1%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 4.3%. Meanwhile, the market is actually up 7.0% over the past year. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Brazilian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Nov 2024R$4.4tR$4.4tR$429.9b9.4x10.3x1x
Mon, 30 Sep 2024R$4.6tR$4.4tR$428.4b9.8x10.7x1x
Wed, 28 Aug 2024R$4.7tR$4.4tR$429.6b10.4x11x1.1x
Fri, 26 Jul 2024R$4.4tR$4.4tR$447.4b9.8x9.8x1x
Sun, 23 Jun 2024R$4.2tR$4.3tR$446.7b9.4x9.5x1x
Tue, 21 May 2024R$4.5tR$4.3tR$445.0b10.6x10.1x1x
Thu, 18 Apr 2024R$4.4tR$4.3tR$460.5b10.1x9.6x1x
Sat, 16 Mar 2024R$4.5tR$4.3tR$451.8b10.3x10x1x
Mon, 12 Feb 2024R$4.6tR$4.3tR$470.4b10.1x9.7x1.1x
Wed, 10 Jan 2024R$4.7tR$4.3tR$467.4b11.7x10x1.1x
Fri, 08 Dec 2023R$4.5tR$4.4tR$467.5b11.1x9.6x1x
Sun, 05 Nov 2023R$4.3tR$4.5tR$489.1b10.7x8.7x0.9x
Tue, 03 Oct 2023R$4.2tR$4.5tR$504.4b10.9x8.4x0.9x
Thu, 31 Aug 2023R$4.4tR$4.5tR$504.3b11.2x8.7x1x
Sat, 29 Jul 2023R$4.5tR$4.6tR$548.8b11.9x8.2x1x
Mon, 26 Jun 2023R$4.5tR$4.6tR$554.1b11.7x8x1x
Wed, 24 May 2023R$4.1tR$4.6tR$562.6b10.6x7.4x0.9x
Fri, 21 Apr 2023R$4.0tR$4.6tR$595.4b9.7x6.7x0.9x
Sun, 19 Mar 2023R$3.9tR$4.6tR$613.0b9.3x6.4x0.8x
Tue, 14 Feb 2023R$4.1tR$4.5tR$617.5b9.5x6.7x0.9x
Thu, 12 Jan 2023R$4.3tR$4.5tR$628.3b9.7x6.8x0.9x
Sat, 10 Dec 2022R$4.1tR$4.6tR$628.5b9x6.6x0.9x
Mon, 07 Nov 2022R$4.7tR$4.5tR$644.0b9.9x7.3x1.1x
Wed, 05 Oct 2022R$4.6tR$4.4tR$635.3b9.8x7.3x1x
Fri, 02 Sep 2022R$4.5tR$4.4tR$636.4b9.6x7x1x
Sun, 31 Jul 2022R$4.3tR$4.3tR$663.2b8.3x6.4x1x
Tue, 28 Jun 2022R$4.1tR$4.2tR$683.7b8.1x6x1x
Thu, 26 May 2022R$4.5tR$4.2tR$679.4b9x6.6x1.1x
Sat, 23 Apr 2022R$4.7tR$4.0tR$627.0b10x7.6x1.2x
Mon, 21 Mar 2022R$4.9tR$4.0tR$623.3b9.5x7.9x1.2x
Wed, 16 Feb 2022R$4.9tR$3.8tR$607.7b9.8x8.1x1.3x
Fri, 14 Jan 2022R$4.6tR$3.8tR$615.3b9.5x7.4x1.2x
Sun, 12 Dec 2021R$4.7tR$3.8tR$617.1b10.6x7.6x1.2x
Tue, 09 Nov 2021R$4.8tR$3.7tR$588.4b11.8x8.1x1.3x
Price to Earnings Ratio

8.1x


Total Market Cap: R$4.8tTotal Earnings: R$588.4bTotal Revenue: R$3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 8.2x202220232024
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 10.3x which is higher than its 3-year average PE of 8.2x.
Past Earnings Growth
  • The earnings for Brazilian listed companies have declined 9.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% 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 Market0.34%
Materials4.28%
Real Estate2.00%
Consumer Discretionary1.67%
Consumer Staples0.97%
Tech0.95%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.019%
Utilities-0.32%
Financials-0.37%
Industrials-0.75%
Telecom-1.96%
Healthcare-2.10%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 27.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.3%, 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 4.0x.
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 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?

CompanyLast Price7D1YValuationSector
VALE3 ValeR$62.475.3%
+R$13.2b
-11.2%PE5.5xMaterials
JBSS3 JBSR$36.704.4%
+R$3.4b
79.4%PE20.3xConsumer Staples
SUZB3 SuzanoR$60.394.9%
+R$2.5b
17.4%PE17.9xMaterials
BRFS3 BRFR$25.504.7%
+R$1.9b
128.9%PE22.7xConsumer Staples
SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESPR$92.702.8%
+R$1.7b
56.0%PE15.6xUtilities
See more
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BRFS3

R$25.82

BRF

7D

5.8%

1Y

127.7%

CRFB3

R$7.54

Atacadão

7D

7.6%

1Y

-25.7%

AESB3

R$8.11

AES Brasil Energia

7D

-29.5%

1Y

-22.0%

WEGE3

R$54.70

WEG

7D

-1.4%

1Y

63.1%

ABEV3

R$12.52

Ambev

7D

-1.8%

1Y

-5.8%

HYPE3

R$22.72

Hypera

7D

-13.3%

1Y

-27.7%

VALE3

R$62.03

Vale

7D

0.5%

1Y

-12.9%

SBSP3

R$92.70

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

7D

2.8%

1Y

56.0%

BPAC11

R$31.74

Banco BTG Pactual

7D

-2.5%

1Y

-0.7%

VIVT3

R$52.39

Telefônica Brasil

7D

-1.9%

1Y

9.9%