BRSR3 Stock Overview

A multiple-service bank, provides a range of banking products and services primarily in Brazil. More details

BRSR3 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (5x) is below the BR market (8.4x)

Earnings are forecast to grow 17.62% per year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Banco do Estado do Rio Grande do Sul S.A. Competitors

Banco ABC Brasil

BOVESPA:ABCB4

R$4.9b

Banco Pan

BOVESPA:BPAN4

R$8.6b

Banco Mercantil do Brasil

BOVESPA:BMEB4

R$3.7b

Banco BMG

BOVESPA:BMGB4

R$2.2b

Price History & Performance

Summary of share price highs, lows and changes for Banco do Estado do Rio Grande do Sul
Historical stock prices
Current Share Price	R$11.39
52 Week High	R$15.43
52 Week Low	R$11.10
Beta	0.66
1 Month Change	-4.21%
3 Month Change	-9.60%
1 Year Change	-14.17%
3 Year Change	-2.32%
5 Year Change	-50.48%
Change since IPO	213.52%

Recent updates

Shareholder Returns

	BRSR3	BR Banks	BR Market
7D	-4.0%	-0.4%	-2.1%
1Y	-14.2%	-14.1%	-11.7%

Return vs Industry: BRSR3 matched the BR Banks industry which returned -14.1% over the past year.

Return vs Market: BRSR3 underperformed the BR Market which returned -11.7% over the past year.

Price Volatility

Is BRSR3's price volatile compared to industry and market?
BRSR3 volatility
BRSR3 Average Weekly Movement	2.9%
Banks Industry Average Movement	3.4%
Market Average Movement	5.1%
10% most volatile stocks in BR Market	9.5%
10% least volatile stocks in BR Market	2.8%

Stable Share Price: BRSR3 has not had significant price volatility in the past 3 months compared to the BR market.

Volatility Over Time: BRSR3's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1928	11,306	Fernando De Lemos	www.banrisul.com.br

Banco do Estado do Rio Grande do Sul S.A., a multiple-service bank, provides a range of banking products and services primarily in Brazil. It engages in the retail banking, lending, financing and investment, mortgage loan, development, lease portfolio, and foreign exchange activities. The company also offers securities brokerage, management of sales poll groups, payment industry solutions, insurance, pension plan, and saving bonds products, as well as undertakes financial market transactions.

Banco do Estado do Rio Grande do Sul S.A. Fundamentals Summary

How do Banco do Estado do Rio Grande do Sul's earnings and revenue compare to its market cap?
BRSR3 fundamental statistics
Market cap	R$5.04b
Earnings (TTM)	R$800.73m
Revenue (TTM)	R$6.75b

5.0x

P/E Ratio

0.4x

P/B Ratio

Is BRSR3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BRSR3 income statement (TTM)
Revenue	R$6.75b
Cost of Revenue	R$67.11m
Gross Profit	R$6.69b
Other Expenses	R$5.89b
Earnings	R$800.73m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 11, 2025

Earnings per share (EPS)	1.96
Gross Margin	99.01%
Net Profit Margin	11.86%
Debt/Equity Ratio	262.7%

How did BRSR3 perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

54%

Payout Ratio

Does BRSR3 pay a reliable dividends?

See BRSR3 dividend history and benchmarks

When do you need to buy BRSR3 by to receive an upcoming dividend?
Banco do Estado do Rio Grande do Sul dividend dates
Ex Dividend Date	Dec 19 2024
Dividend Pay Date	Dec 30 2024
Days until Ex dividend	4 days
Days until Dividend pay date	7 days

Does BRSR3 pay a reliable dividends?

See BRSR3 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 11:25
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Banco do Estado do Rio Grande do Sul S.A. is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Roberto de Aguiar Attuch	Barclays
Rafael Reis	BB Banco de Investimento S.A.
Flavio Yoshida	BofA Global Research