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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies348
  • 7D1.4%
  • 3M-3.4%
  • 1Y1.1%
  • YTD-6.9%

The market has climbed 1.4% in the last 7 days, lead by the Industrials sector with a gain of 5.6%. In the last 12 months, the market has been flat. Earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024R$4.4tR$4.3tR$446.4b9.9x9.8x1x
Thu, 06 Jun 2024R$4.3tR$4.4tR$447.0b9.8x9.6x1x
Sat, 04 May 2024R$4.5tR$4.3tR$454.9b10.2x10x1x
Mon, 01 Apr 2024R$4.6tR$4.4tR$459.1b10.6x10x1.1x
Wed, 28 Feb 2024R$4.6tR$4.4tR$459.7b10.4x10.1x1.1x
Fri, 26 Jan 2024R$4.5tR$4.3tR$466.8b11.4x9.7x1x
Sun, 24 Dec 2023R$4.7tR$4.4tR$467.0b11.9x10.1x1.1x
Tue, 21 Nov 2023R$4.5tR$4.4tR$467.6b10.5x9.5x1x
Thu, 19 Oct 2023R$4.1tR$4.5tR$504.1b10.4x8.2x0.9x
Sat, 16 Sep 2023R$4.4tR$4.5tR$505.2b11.4x8.7x1x
Mon, 14 Aug 2023R$4.4tR$4.6tR$512.4b11.7x8.6x1x
Wed, 12 Jul 2023R$4.4tR$4.6tR$552.8b11.6x8x1x
Fri, 09 Jun 2023R$4.3tR$4.6tR$554.4b11.8x7.8x0.9x
Sun, 07 May 2023R$4.0tR$4.6tR$571.1b10.3x7x0.9x
Tue, 04 Apr 2023R$3.9tR$4.6tR$595.5b9.8x6.5x0.8x
Thu, 02 Mar 2023R$4.0tR$4.5tR$611.2b9.4x6.5x0.9x
Sat, 28 Jan 2023R$4.3tR$4.5tR$628.4b10x6.8x0.9x
Mon, 26 Dec 2022R$4.2tR$4.5tR$628.4b9.5x6.7x0.9x
Wed, 23 Nov 2022R$4.2tR$4.5tR$630.0b9.4x6.6x0.9x
Fri, 21 Oct 2022R$4.6tR$4.4tR$635.4b9.6x7.3x1.1x
Sun, 18 Sep 2022R$4.4tR$4.4tR$635.3b9.5x6.9x1x
Tue, 16 Aug 2022R$4.6tR$4.4tR$648.9b9.2x7x1x
Thu, 14 Jul 2022R$4.0tR$4.2tR$682.1b8x5.9x1x
Sat, 11 Jun 2022R$4.3tR$4.2tR$683.7b8.4x6.2x1x
Mon, 09 May 2022R$4.4tR$4.1tR$670.2b9.1x6.6x1.1x
Wed, 06 Apr 2022R$5.0tR$4.0tR$626.4b10.1x8x1.2x
Fri, 04 Mar 2022R$4.9tR$3.9tR$618.2b9.7x8x1.3x
Sun, 30 Jan 2022R$4.8tR$3.8tR$615.4b9.8x7.8x1.3x
Tue, 28 Dec 2021R$4.6tR$3.8tR$615.7b10.5x7.5x1.2x
Thu, 25 Nov 2021R$4.6tR$3.8tR$617.0b10.8x7.5x1.2x
Sat, 23 Oct 2021R$4.7tR$3.5tR$536.0b11.7x8.8x1.3x
Mon, 20 Sep 2021R$5.1tR$3.5tR$535.4b12.4x9.5x1.4x
Wed, 18 Aug 2021R$5.2tR$3.5tR$529.5b12.9x9.9x1.5x
Price to Earnings Ratio

10.4x


Total Market Cap: R$5.5tTotal Earnings: R$528.1bTotal Revenue: R$3.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 8.1x202220232024
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 9.8x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
  • The earnings for Brazilian listed companies have declined 5.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Market1.44%
Industrials5.56%
Consumer Discretionary5.09%
Healthcare4.12%
Tech3.75%
Real Estate3.72%
Utilities2.87%
Telecom2.04%
Financials0.73%
Energy0.16%
Consumer Staples-0.29%
Materials-1.38%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings growth of 7.3% 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 3.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 6.8% 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
WEGE3 WEGR$44.475.8%
+R$10.2b		23.7%PE32.4xIndustrials
BPAC11 Banco BTG PactualR$32.393.4%
+R$5.1b		3.1%PE14.5xFinancials
SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESPR$83.116.8%
+R$3.6b		51.1%PE15.8xUtilities
CRFB3 AtacadãoR$10.3514.4%
+R$2.7b		-9.8%PS0.2xConsumer Staples
ASAI3 Sendas DistribuidoraR$11.6317.5%
+R$2.3b		-13.4%PE22.5xConsumer Staples
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PSSA3

R$29.59

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R$43.64

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