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Mar 19
Brazilian (BOVESPA) Capital Markets Industry Analysis
UpdatedMay 16, 2024
DataAggregated Company Financials
Companies13
- 7D5.6%
- 3M-4.5%
- 1Y17.9%
- YTD-8.7%
The Capital Markets industry is up 5.6% in the last week, with Banco BTG Pactual up 6.7%. In the last 12 months, the industry was up 18%. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Brazilian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 May 2024 | R$249.9b | R$42.0b | R$14.4b | 12.8x | 17.4x | 5.9x |
| Sat, 13 Apr 2024 | R$246.6b | R$41.1b | R$13.8b | 11.3x | 17.9x | 6x |
| Mon, 11 Mar 2024 | R$257.5b | R$40.6b | R$14.0b | 10.9x | 18.4x | 6.3x |
| Wed, 07 Feb 2024 | R$272.3b | R$40.7b | R$14.1b | 7.5x | 19.4x | 6.7x |
| Fri, 05 Jan 2024 | R$257.6b | R$38.4b | R$13.0b | 8.2x | 19.9x | 6.7x |
| Sun, 03 Dec 2023 | R$247.9b | R$38.4b | R$13.0b | 7.5x | 19.1x | 6.5x |
| Tue, 31 Oct 2023 | R$207.6b | R$38.0b | R$12.5b | 8.2x | 16.6x | 5.5x |
| Thu, 28 Sep 2023 | R$214.7b | R$38.0b | R$12.5b | 8.5x | 17.2x | 5.6x |
| Sat, 26 Aug 2023 | R$237.2b | R$38.0b | R$12.5b | 7.2x | 19x | 6.2x |
| Mon, 24 Jul 2023 | R$254.8b | R$40.7b | R$12.2b | 11.5x | 20.9x | 6.3x |
| Wed, 21 Jun 2023 | R$246.9b | R$40.7b | R$12.2b | 10.4x | 20.2x | 6.1x |
| Fri, 19 May 2023 | R$210.8b | R$41.0b | R$12.2b | 8.6x | 17.3x | 5.1x |
| Sun, 16 Apr 2023 | R$191.4b | R$40.0b | R$12.1b | 10.2x | 15.8x | 4.8x |
| Tue, 14 Mar 2023 | R$176.5b | R$40.0b | R$12.2b | 13.1x | 14.5x | 4.4x |
| Thu, 09 Feb 2023 | R$188.3b | R$38.4b | R$12.4b | 13.7x | 15.2x | 4.9x |
| Sat, 07 Jan 2023 | R$206.7b | R$38.4b | R$12.4b | 13.6x | 16.6x | 5.4x |
| Mon, 05 Dec 2022 | R$216.2b | R$38.4b | R$12.4b | 15.1x | 17.4x | 5.6x |
| Wed, 02 Nov 2022 | R$251.6b | R$35.9b | R$12.3b | 11.7x | 20.5x | 7x |
| Fri, 30 Sep 2022 | R$209.9b | R$35.9b | R$12.3b | 12.7x | 17.1x | 5.8x |
| Sun, 28 Aug 2022 | R$217.5b | R$36.3b | R$12.7b | 14.9x | 17.1x | 6x |
| Tue, 26 Jul 2022 | R$191.0b | R$35.3b | R$13.2b | 14.1x | 14.5x | 5.4x |
| Thu, 23 Jun 2022 | R$203.2b | R$35.3b | R$13.1b | 15.3x | 15.5x | 5.8x |
| Sat, 21 May 2022 | R$216.0b | R$34.8b | R$12.9b | 15.9x | 16.7x | 6.2x |
| Mon, 18 Apr 2022 | R$228.1b | R$28.5b | R$12.1b | 20x | 18.8x | 8x |
| Wed, 16 Mar 2022 | R$214.0b | R$28.6b | R$11.9b | 22.9x | 17.9x | 7.5x |
| Fri, 11 Feb 2022 | R$234.7b | R$30.4b | R$11.5b | 27.7x | 20.4x | 7.7x |
| Sun, 09 Jan 2022 | R$180.0b | R$30.5b | R$11.6b | 22.2x | 15.5x | 5.9x |
| Tue, 07 Dec 2021 | R$211.0b | R$30.5b | R$11.6b | 24.4x | 18.2x | 6.9x |
| Thu, 04 Nov 2021 | R$230.2b | R$28.2b | R$10.2b | 32.7x | 22.7x | 8.2x |
| Sat, 02 Oct 2021 | R$243.6b | R$28.1b | R$10.2b | 34.4x | 24x | 8.7x |
| Mon, 30 Aug 2021 | R$268.1b | R$28.4b | R$10.2b | 30.6x | 26.4x | 9.4x |
| Tue, 06 Jul 2021 | R$286.0b | R$28.3b | R$10.2b | 29.4x | 28.1x | 10.1x |
Price to Earnings Ratio
32.8x
Current Industry PE
- Investors are relatively neutral on the Brazilian Capital Markets 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 19.2x.
- The 3-year average PS ratio of 6.7x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Financials industry?
| BR Market | 0.068% | |
| Financials | 2.40% | |
| Capital Markets | 5.64% | |
| Diversified Capital Markets | 6.74% | |
| Investment Banking and Brokerage | 4.33% | |
| Financial Exchanges and Data | 2.66% | |
| Asset Management | -0.12% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 185x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| BPAC11 Banco BTG Pactual | R$35.45 | 6.7% +R$11.7b | 35.9% | PE17.5x | |
| B3SA3 B3 - Brasil Bolsa Balcão | R$11.51 | 2.7% +R$1.6b | -14.7% | PE15.8x | |
| BRBI11 BR Advisory Partners Participações | R$14.78 | 0.7% +R$10.5m | 29.4% | PE9.1x | |
| BTAL11 FII Btg Pactual Agro Logistica | R$70.67 | 1.7% +R$7.1m | -23.3% | n/a | |
| FAED11 Fundo de Investimento Imobiliário - FII Anhanguera Educacional | R$153.01 | 0.006% +R$6.4k | 8.7% | n/a |