Brazilian companies that gained value despite the crisis

Investing in the stock market in Brazil has proven to be a challenge for the strong-willed. Recession, political uncertainties, vulnerabilities to any oscillation in the U.S. and China, and fear of the effects of a trade war between the world’s biggest powers are just some of the factors of instability for Brazil’s stock market. But while the overall performance of publicly traded shares in São Paulo is not jaw-dropping, some companies managed to stand out regardless of the negative trend.

A study by The Boston Consulting Group (first revealed by Exame) shows which are these companies and, more importantly, what allowed them to perform so well in an environment that has been anything but favorable. The data could help investors find shares that could grow in a more sustainable manner in the medium and long-term. The study has been carried out for the past 20 years and calculates the annual performance of stocks – including what has been distributed to shareholders through dividends.

The 2018 edition of the study analyzed 60 companies listed on Ibovespa, the São...