View ValuationBanco Mercantil do Brasil 향후 성장Future 기준 점검 5/6Banco Mercantil do Brasil (는) 각각 연간 20.1% 및 20% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 28.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 37% 로 예상됩니다.핵심 정보20.1%이익 성장률28.49%EPS 성장률Banks 이익 성장11.7%매출 성장률20.0%향후 자기자본이익률37.00%애널리스트 커버리지Low마지막 업데이트03 Aug 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jul 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to R$58.05. The fair value is estimated to be R$74.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 125% in the next 2 years.Buy Or Sell Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to R$59.59. The fair value is estimated to be R$74.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 125% in the next 2 years.New Risk • Jun 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding).Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to R$82.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in Brazil. Total returns to shareholders of 832% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$37.33 per share.New Risk • May 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding).Reported Earnings • May 11First quarter 2026 earnings released: EPS: R$3.25 (vs R$1.05 in 1Q 2025)First quarter 2026 results: EPS: R$3.25 (up from R$1.05 in 1Q 2025). Revenue: R$1.39b (up 51% from 1Q 2025). Net income: R$273.5m (up 150% from 1Q 2025). Profit margin: 20% (up from 12% in 1Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Brazil. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 25Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 23, 2026Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 23, 2026. Location: av. do contorno, edificio statement, 5.800, 12 andar, bairro savassi, city of belo horizonte, state of minas gerais, belo horizonte BrazilNew Risk • Mar 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 06Full year 2025 earnings released: EPS: R$5.93 (vs R$7.20 in FY 2024)Full year 2025 results: EPS: R$5.93 (down from R$7.20 in FY 2024). Revenue: R$4.92b (up 12% from FY 2024). Net income: R$619.4m (down 18% from FY 2024). Profit margin: 13% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to R$77.29, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 823% over the past three years.New Risk • Feb 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to R$70.10, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 717% over the past three years.New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R$65.00, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 674% over the past three years.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$77.50, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 802% over the past three years.Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: R$1.32b (up 6.1% from 3Q 2024). Net income: R$261.1m (up 8.1% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024).Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: R$2.28 (vs R$1.50 in 2Q 2024)Second quarter 2025 results: EPS: R$2.28 (up from R$1.50 in 2Q 2024). Revenue: R$1.22b (up 22% from 2Q 2024). Net income: R$237.7m (up 51% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 58% per year.New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • May 15First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: R$923.1m (flat on 1Q 2024). Net income: R$109.5m (down 26% from 1Q 2024). Profit margin: 12% (down from 16% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 54% per year.Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$38.65, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 7x in the Banks industry in Brazil. Total returns to shareholders of 348% over the past three years.공고 • Apr 02Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 30, 2025Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 30, 2025. Location: av. do contorno, edificiostatement, 5.800, 12 andar, bairro savassi, city of belo horizonte, state of minas gerais, belo horizonte BrazilReported Earnings • Feb 06Full year 2024 earnings releasedFull year 2024 results: Revenue: R$4.38b (up 34% from FY 2023). Net income: R$752.2m (up 79% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.Reported Earnings • Nov 07Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$1.25b (up 39% from 3Q 2023). Net income: R$241.5m (up 89% from 3Q 2023). Profit margin: 19% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$998.8m (up 28% from 2Q 2023). Net income: R$157.2m (up 82% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R$36.52, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 336% over the past three years.Reported Earnings • May 10First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: R$991.4m (up 47% from 1Q 2023). Net income: R$165.1m (up 194% from 1Q 2023). Profit margin: 17% (up from 8.3% in 1Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to R$26.00, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 247% over the past three years.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to R$24.80, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 244% over the past three years.Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to R$29.00, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 318% over the past three years.New Risk • Feb 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 0% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.Reported Earnings • Feb 08Full year 2023 earnings releasedFull year 2023 results: Revenue: R$3.27b (up 27% from FY 2022). Net income: R$420.9m (up 110% from FY 2022). Profit margin: 13% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue.New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$22.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Banks industry in Brazil. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$18.20, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 163% over the past three years.New Risk • Nov 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$896.2m (up 22% from 3Q 2022). Net income: R$127.9m (up R$112.3m from 3Q 2022). Profit margin: 14% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue.Reported Earnings • Aug 10Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: R$782.5m (up 19% from 2Q 2022). Net income: R$86.6m (up 34% from 2Q 2022). Profit margin: 11% (up from 9.8% in 2Q 2022).Reported Earnings • Mar 12Full year 2022 earnings released: EPS: R$1.91 (vs R$1.77 in FY 2021)Full year 2022 results: EPS: R$1.91 (up from R$1.77 in FY 2021). Revenue: R$2.39b (up 6.0% from FY 2021). Net income: R$199.2m (up 8.0% from FY 2021). Profit margin: 8.3% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year.Reported Earnings • Nov 17Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: R$720.3m (up 18% from 3Q 2021). Net income: R$15.6m (down 61% from 3Q 2021). Profit margin: 2.2% (down from 6.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). Director André de Figueiredo Brazil was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to R$11.60, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 137% over the past three years.Board Change • Apr 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). Director André de Figueiredo Brazil was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Is New 90 Day High Low • Feb 12New 90-day high: R$17.79The company is up 15% from its price of R$15.51 on 13 November 2020. The Brazilian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period.Is New 90 Day High Low • Oct 20New 90-day high: R$19.65The company is up 36% from its price of R$14.44 on 22 July 2020. The Brazilian market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 11% over the same period.이익 및 매출 성장 예측BOVESPA:BMEB4 - 애널리스트 향후 추정치 및 과거 재무 데이터 (BRL Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20289,6822,012N/AN/A212/31/20278,4561,681N/AN/A212/31/20267,0561,225N/AN/A23/31/20265,3957831,1931,390N/A12/31/20254,9256199881,192N/A9/30/20254,839848-1,321-1,093N/A6/30/20254,599794-955-747N/A3/31/20253,7964681,8512,000N/A12/31/20243,7995071,5321,659N/A9/30/20243,922663485582N/A6/30/20243,738584-2,288-2,196N/A3/31/20243,522513-1,791-1,687N/A12/31/20233,270421-3,250-3,142N/A9/30/20233,024336-3,047-2,942N/A6/30/20232,868223-2,190-2,096N/A3/31/20232,739201-2,483-2,398N/A12/31/20222,573201-1,405-1,330N/A9/30/20222,394179-1,460-1,405N/A6/30/20222,424199-892-826N/A3/31/20222,270189-1,692-1,633N/A12/31/20212,242184-2,013-1,940N/A9/30/20212,285190-2,093-2,010N/A6/30/20211,961183-1,424-1,344N/A3/31/20211,899155-1,741-1,635N/A12/31/20201,807151-1,478-1,367N/A9/30/20201,745143-471-365N/A6/30/20201,71714321118N/A3/31/20201,671140405474N/A12/31/20191,664121N/A869N/A9/30/20191,60594N/A543N/A6/30/20191,54978N/A361N/A3/31/20191,50362N/A452N/A12/31/20181,49053N/A9N/A9/30/20181,49555N/A-5N/A6/30/20181,53744N/A316N/A3/31/20181,58445N/A78N/A12/31/20171,54726N/A396N/A9/30/20171,48710N/A899N/A6/30/20171,43511N/A828N/A3/31/20171,43110N/A1,135N/A12/31/20161,44718N/A1,092N/A9/30/20161,40226N/A1,012N/A6/30/20161,35139N/A1,034N/A3/31/20161,38977N/A1,032N/A12/31/20151,36270N/A765N/A9/30/20151,25417N/A-87N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BMEB4 의 연간 예상 수익 증가율(20.1%)이 saving rate(12.4%)보다 높습니다.수익 vs 시장: BMEB4 의 연간 수익(20.1%)이 BR 시장(13.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: BMEB4 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: BMEB4 의 수익(연간 20%)이 BR 시장(연간 7.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: BMEB4 의 수익(연간 20%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BMEB4의 자본 수익률은 3년 후 37%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/04 06:32종가2026/08/03 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Banco Mercantil do Brasil S.A.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel VazJ. Safra Corretora de Valores e Cambio LtdaHenrique NavarroSantanderBernardo GuttmannXP Investimentos
Buy Or Sell Opportunity • Jul 24Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to R$58.05. The fair value is estimated to be R$74.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 125% in the next 2 years.
Buy Or Sell Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to R$59.59. The fair value is estimated to be R$74.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 125% in the next 2 years.
New Risk • Jun 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding).
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to R$82.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Banks industry in Brazil. Total returns to shareholders of 832% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$37.33 per share.
New Risk • May 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: R$3.25 (vs R$1.05 in 1Q 2025)First quarter 2026 results: EPS: R$3.25 (up from R$1.05 in 1Q 2025). Revenue: R$1.39b (up 51% from 1Q 2025). Net income: R$273.5m (up 150% from 1Q 2025). Profit margin: 20% (up from 12% in 1Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Brazil. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 25Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 23, 2026Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 23, 2026. Location: av. do contorno, edificio statement, 5.800, 12 andar, bairro savassi, city of belo horizonte, state of minas gerais, belo horizonte Brazil
New Risk • Mar 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 06Full year 2025 earnings released: EPS: R$5.93 (vs R$7.20 in FY 2024)Full year 2025 results: EPS: R$5.93 (down from R$7.20 in FY 2024). Revenue: R$4.92b (up 12% from FY 2024). Net income: R$619.4m (down 18% from FY 2024). Profit margin: 13% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to R$77.29, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 823% over the past three years.
New Risk • Feb 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to R$70.10, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 717% over the past three years.
New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to R$65.00, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 674% over the past three years.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$77.50, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 802% over the past three years.
Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: R$1.32b (up 6.1% from 3Q 2024). Net income: R$261.1m (up 8.1% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024).
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: R$2.28 (vs R$1.50 in 2Q 2024)Second quarter 2025 results: EPS: R$2.28 (up from R$1.50 in 2Q 2024). Revenue: R$1.22b (up 22% from 2Q 2024). Net income: R$237.7m (up 51% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 58% per year.
New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • May 15First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: R$923.1m (flat on 1Q 2024). Net income: R$109.5m (down 26% from 1Q 2024). Profit margin: 12% (down from 16% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 54% per year.
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$38.65, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 7x in the Banks industry in Brazil. Total returns to shareholders of 348% over the past three years.
공고 • Apr 02Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 30, 2025Banco Mercantil do Brasil S.A., Annual General Meeting, Apr 30, 2025. Location: av. do contorno, edificiostatement, 5.800, 12 andar, bairro savassi, city of belo horizonte, state of minas gerais, belo horizonte Brazil
Reported Earnings • Feb 06Full year 2024 earnings releasedFull year 2024 results: Revenue: R$4.38b (up 34% from FY 2023). Net income: R$752.2m (up 79% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 07Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$1.25b (up 39% from 3Q 2023). Net income: R$241.5m (up 89% from 3Q 2023). Profit margin: 19% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$998.8m (up 28% from 2Q 2023). Net income: R$157.2m (up 82% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R$36.52, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 336% over the past three years.
Reported Earnings • May 10First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: R$991.4m (up 47% from 1Q 2023). Net income: R$165.1m (up 194% from 1Q 2023). Profit margin: 17% (up from 8.3% in 1Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to R$26.00, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 247% over the past three years.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to R$24.80, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 244% over the past three years.
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to R$29.00, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 318% over the past three years.
New Risk • Feb 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 0% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Feb 08Full year 2023 earnings releasedFull year 2023 results: Revenue: R$3.27b (up 27% from FY 2022). Net income: R$420.9m (up 110% from FY 2022). Profit margin: 13% (up from 7.8% in FY 2022). The increase in margin was driven by higher revenue.
New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$22.10, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Banks industry in Brazil. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$18.20, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 9x in the Banks industry in Brazil. Total returns to shareholders of 163% over the past three years.
New Risk • Nov 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$896.2m (up 22% from 3Q 2022). Net income: R$127.9m (up R$112.3m from 3Q 2022). Profit margin: 14% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 10Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: R$782.5m (up 19% from 2Q 2022). Net income: R$86.6m (up 34% from 2Q 2022). Profit margin: 11% (up from 9.8% in 2Q 2022).
Reported Earnings • Mar 12Full year 2022 earnings released: EPS: R$1.91 (vs R$1.77 in FY 2021)Full year 2022 results: EPS: R$1.91 (up from R$1.77 in FY 2021). Revenue: R$2.39b (up 6.0% from FY 2021). Net income: R$199.2m (up 8.0% from FY 2021). Profit margin: 8.3% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year.
Reported Earnings • Nov 17Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: R$720.3m (up 18% from 3Q 2021). Net income: R$15.6m (down 61% from 3Q 2021). Profit margin: 2.2% (down from 6.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). Director André de Figueiredo Brazil was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to R$11.60, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Banks industry in Brazil. Total returns to shareholders of 137% over the past three years.
Board Change • Apr 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). Director André de Figueiredo Brazil was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Is New 90 Day High Low • Feb 12New 90-day high: R$17.79The company is up 15% from its price of R$15.51 on 13 November 2020. The Brazilian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Oct 20New 90-day high: R$19.65The company is up 36% from its price of R$14.44 on 22 July 2020. The Brazilian market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 11% over the same period.