Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally.
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
Banco Bradesco Fundamentals Summary
How do Banco Bradesco's earnings and revenue compare to its market cap?
Is BBDC4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BBDC4?
Other financial metrics that can be useful for relative valuation.
The above table shows the n/a ratio for BBDC4. This is calculated by dividing BBDC4's market cap by their current
preferred multiple.
What is BBDC4's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
R$169.12b
BBDC4 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Earnings vs Industry: BBDC4 is expensive based on its Price-To-Earnings Ratio (7.7x) compared to the BR Banks industry average (7.2x)
Price to Earnings Ratio vs Fair Ratio
What is BBDC4's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
BBDC4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
7.7x
Fair PE Ratio
8.6x
Price-To-Earnings vs Fair Ratio: BBDC4 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).
Share Price vs Fair Value
What is the Fair Price of BBDC4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BBDC4 (R$17.33) is trading below our estimate of fair value (R$19.19)
Significantly Below Fair Value: BBDC4 is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: BBDC4 is good value based on its PEG Ratio (0.7x)
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Future Growth
How is Banco Bradesco forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score
3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBDC4's forecast earnings growth (11.3% per year) is above the savings rate (9.2%).
Earnings vs Market: BBDC4's earnings (11.3% per year) are forecast to grow faster than the BR market (6.7% per year).
High Growth Earnings: BBDC4's earnings are forecast to grow, but not significantly.
Revenue vs Market: BBDC4's revenue (9.4% per year) is forecast to grow faster than the BR market (5.6% per year).
High Growth Revenue: BBDC4's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BBDC4's Return on Equity is forecast to be low in 3 years time (18.3%).
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Past Performance
How has Banco Bradesco performed over the past 5 years?
Past Performance Score
4/6
Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
4.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BBDC4 has a high level of non-cash earnings.
Growing Profit Margin: BBDC4's current net profit margins (25.2%) are higher than last year (22.8%).
Past Earnings Growth Analysis
Earnings Trend: BBDC4's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: BBDC4's earnings growth over the past year (29.1%) exceeds its 5-year average (4.5% per year).
Earnings vs Industry: BBDC4 earnings growth over the past year (29.1%) exceeded the Banks industry 25.7%.
Return on Equity
High ROE: BBDC4's Return on Equity (16%) is considered low.
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Financial Health
How is Banco Bradesco's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
4/6
Financial Health Score 4/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BBDC4's Assets to Equity ratio (11x) is moderate.
Allowance for Bad Loans: BBDC4 has a sufficientallowance for bad loans (124%).
Low Risk Liabilities: 64% of BBDC4's liabilities are made up of primarily higher risk sources of funding.
Loan Level: BBDC4 has an appropriate level of Loans to Assets ratio (31%).
Low Risk Deposits: BBDC4's Loans to Deposits ratio (95%) is appropriate.
Level of Bad Loans: BBDC4 has a high level of bad loans (6.3%).
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Dividend
What is Banco Bradesco current dividend yield, its reliability and sustainability?
Dividend Score
3/6
Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.09%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BBDC4's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (1.76%).
High Dividend: BBDC4's dividend (1.09%) is low compared to the top 25% of dividend payers in the BR market (7.84%).
Stability and Growth of Payments
Stable Dividend: BBDC4's dividend payments have been volatile in the past 10 years.
Growing Dividend: BBDC4's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.1%), BBDC4's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BBDC4's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average board tenure
CEO
Octavio de Lazari (59 yo)
4.25yrs
Tenure
Mr. Octavio de Lazari Jr., has been the Chief Executive Officer and Member of Executive Board at Banco Bradesco SA since March 13, 2018 and served as its Executive Vice President since May 2017 until March...
Board Members
Experienced Board: BBDC4's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Banco Bradesco S.A.'s employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/07/01 00:00
End of Day Share Price
2022/07/01 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.