Banco Bradesco
Market Cap
R$210.1b
Last Updated
2021/03/07 22:57 UTC
Data Sources
Company Financials +
Executive Summary
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and financial services to individuals, corporates, and businesses in Brazil and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Banco Bradesco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BBDC4 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BBDC4's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
8.9%
BBDC4
7.0%
BR Banks
2.5%
BR Market
1 Year Return
-3.7%
BBDC4
-0.4%
BR Banks
15.1%
BR Market
Return vs Industry: BBDC4 underperformed the BR Banks industry which returned -0.4% over the past year.
Return vs Market: BBDC4 underperformed the BR Market which returned 15.1% over the past year.
Shareholder returns
| BBDC4 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.9% | 7.0% | 2.5% |
| 30 Day | -3.2% | -3.8% | -5.3% |
| 90 Day | -3.6% | -5.2% | 1.1% |
| 1 Year | -1.5%-3.7% | 2.1%-0.4% | 18.7%15.1% |
| 3 Year | 3.9%-7.2% | 5.9%-7.8% | 45.0%29.1% |
| 5 Year | 100.4%64.3% | 114.9%67.9% | 145.4%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Banco Bradesco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Banco Bradesco undervalued compared to its fair value and its price relative to the market?
13.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BBDC4 (R$25.04) is trading above our estimate of fair value (R$11.9)
Significantly Below Fair Value: BBDC4 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BBDC4 is poor value based on its PE Ratio (13.4x) compared to the BR Banks industry average (10.6x).
PE vs Market: BBDC4 is good value based on its PE Ratio (13.4x) compared to the BR market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: BBDC4 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: BBDC4 is overvalued based on its PB Ratio (1.5x) compared to the BR Banks industry average (0.9x).
Next Steps
Future Growth
How is Banco Bradesco forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
19.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBDC4's forecast earnings growth (19.4% per year) is above the savings rate (9.9%).
Earnings vs Market: BBDC4's earnings (19.4% per year) are forecast to grow slower than the BR market (24.2% per year).
High Growth Earnings: BBDC4's earnings are forecast to grow, but not significantly.
Revenue vs Market: BBDC4's revenue (21.8% per year) is forecast to grow faster than the BR market (11.5% per year).
High Growth Revenue: BBDC4's revenue (21.8% per year) is forecast to grow faster 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 (19%).
Next Steps
Past Performance
How has Banco Bradesco performed over the past 5 years?
0.08%
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 lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: BBDC4's earnings have grown by 0.08% per year over the past 5 years.
Accelerating Growth: BBDC4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BBDC4 had negative earnings growth (-26.6%) over the past year, making it difficult to compare to the Banks industry average (-10%).
Return on Equity
High ROE: BBDC4's Return on Equity (11.6%) is considered low.
Next Steps
Financial Health
How is Banco Bradesco's financial position? (This company is analysed differently as a bank or financial institution)
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 sufficient allowance for bad loans (194%).
Low Risk Liabilities: 62% 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 (28%).
Low Risk Deposits: BBDC4's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: BBDC4 has a high level of bad loans (4.5%).
Next Steps
Dividend
What is Banco Bradesco current dividend yield, its reliability and sustainability?
0.91%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BBDC4's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (1.16%).
High Dividend: BBDC4's dividend (0.91%) is low compared to the top 25% of dividend payers in the BR market (5.07%).
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
Dividend Coverage: With its reasonably low payout ratio (35.5%), 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 covered by earnings (53.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average board tenure
CEO
Octavio de Lazari (57 yo)
3yrs
Tenure
Mr. Octavio de Lazari Jr., has been the Chief Executive Officer and Member of Board of Executive Officers at Banco Bradesco SA since March 13, 2018 and served as its Executive Vice President since May 2017...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & Secretary | 3.42yrs | no data | no data | |
| Non-Executive Chairman of the Board | 3.42yrs | no data | no data | |
| Non-Executive Director | 10yrs | no data | no data | |
| Non-Executive Director | 31.08yrs | no data | no data | |
| Independent Director | 0.17yr | no data | no data | |
| Sitting Member of Fiscal Council | 7yrs | no data | no data | |
| Director | 3yrs | no data | no data | |
| Independent Director | 1yr | no data | no data | |
| Non-Executive Director | 3yrs | no data | no data | |
| Sitting Member of Fiscal Council | 16yrs | no data | no data | |
| Coordinator of Fiscal Council | no data | no data | no data | |
| Independent Director | 1yr | no data | no data |
3.4yrs
Average Tenure
68yo
Average Age
Experienced Board: BBDC4's board of directors are considered experienced (3.4 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Banco Bradesco S.A.
- Ticker: BBDC4
- Exchange: BOVESPA
- Founded: 1943
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: R$210.084b
- Shares outstanding: 8.84b
- Website: https://banco.bradesco
Number of Employees
Location
- Banco Bradesco S.A.
- Núcleo Cidade de Deus
- Vila Yara
- Osasco
- São Paulo
- 06029-900
- Brazil
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BBDC3 | BOVESPA (Bolsa de Valores de Sao Paulo) | Common Shares | BR | BRL | Nov 1992 | |
| BBDC4 | BOVESPA (Bolsa de Valores de Sao Paulo) | Yes | Preferred Shares | BR | BRL | Nov 1992 |
| XBBDC | BME (Bolsas y Mercados Espanoles) | Yes | Preferred Shares | ES | EUR | Nov 1992 |
| BRE | DB (Deutsche Boerse AG) | Yes | Preferred Shares | DE | EUR | Nov 1992 |
| BBD | NYSE (New York Stock Exchange) | SPONS ADR EACH REPR 1 PRF NPV | US | USD | Nov 2001 | |
| BREC | DB (Deutsche Boerse AG) | SPONS ADR EACH REPR 1 PRF NPV | DE | EUR | Nov 2001 | |
| BBD N | BMV (Bolsa Mexicana de Valores) | SPONS ADR EACH REPR 1 PRF NPV | MX | MXN | Nov 2001 | |
| 0HL8 | LSE (London Stock Exchange) | SPONS ADR EACH REPR 1 PRF NPV | GB | USD | Nov 2001 | |
| BBDO | NYSE (New York Stock Exchange) | SPONSORED ADR | US | USD | Mar 2012 | |
| BBD | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REP 1 PRF ADR | AR | ARS | Oct 2018 |
Biography
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and financial services to individuals, corporates, and businesses in Brazil and internationally. It operates through t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 22:57 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.