BOVESPA:ITUB4

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Itaú Unibanco Holding

Executive Summary

Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally. More Details


Snowflake Analysis

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Itaú Unibanco Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ITUB4 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.5%

ITUB4

-1.7%

BR Banks

-0.2%

BR Market


1 Year Return

-33.3%

ITUB4

-31.9%

BR Banks

-6.1%

BR Market

Return vs Industry: ITUB4 underperformed the BR Banks industry which returned -31.9% over the past year.

Return vs Market: ITUB4 underperformed the BR Market which returned -6.1% over the past year.


Shareholder returns

ITUB4IndustryMarket
7 Day2.5%-1.7%-0.2%
30 Day6.1%3.2%0.9%
90 Day-8.3%-9.1%-6.4%
1 Year-30.7%-33.3%-29.3%-31.9%-3.1%-6.1%
3 Year-1.1%-17.6%5.6%-10.3%38.3%23.4%
5 Year98.9%49.9%127.7%72.6%119.1%82.4%

Price Volatility Vs. Market

How volatile is Itaú Unibanco Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Itaú Unibanco Holding undervalued compared to its fair value and its price relative to the market?

12.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ITUB4 (R$24.29) is trading above our estimate of fair value (R$7.13)

Significantly Below Fair Value: ITUB4 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ITUB4 is poor value based on its PE Ratio (12.5x) compared to the BR Banks industry average (8.9x).

PE vs Market: ITUB4 is good value based on its PE Ratio (12.5x) compared to the BR market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: ITUB4 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ITUB4 is overvalued based on its PB Ratio (1.8x) compared to the BR Banks industry average (1x).


Next Steps

Future Growth

How is Itaú Unibanco Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITUB4's forecast earnings growth (15.7% per year) is above the savings rate (10.7%).

Earnings vs Market: ITUB4's earnings (15.7% per year) are forecast to grow slower than the BR market (26.7% per year).

High Growth Earnings: ITUB4's earnings are forecast to grow, but not significantly.

Revenue vs Market: ITUB4's revenue (9.8% per year) is forecast to grow slower than the BR market (10% per year).

High Growth Revenue: ITUB4's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ITUB4's Return on Equity is forecast to be high in 3 years time (20.3%)


Next Steps

Past Performance

How has Itaú Unibanco Holding performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITUB4 has a large one-off loss of R$12.7B impacting its June 30 2020 financial results.

Growing Profit Margin: ITUB4's current net profit margins (27.2%) are higher than last year (25.4%).


Past Earnings Growth Analysis

Earnings Trend: ITUB4's earnings have declined by 0.9% per year over the past 5 years.

Accelerating Growth: ITUB4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ITUB4 had negative earnings growth (-27%) over the past year, making it difficult to compare to the Banks industry average (7.9%).


Return on Equity

High ROE: ITUB4's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Itaú Unibanco Holding'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: ITUB4's Assets to Equity ratio (13.7x) is moderate.

Allowance for Bad Loans: ITUB4 has a low allowance for bad loans (85%).

Low Risk Liabilities: 60% of ITUB4's liabilities are made up of primarily higher risk sources of funding.

Loan Level: ITUB4 has an appropriate level of Loans to Assets ratio (32%).

Low Risk Deposits: ITUB4's Loans to Deposits ratio (85%) is appropriate.

Level of Bad Loans: ITUB4 has a high level of bad loans (7.9%).


Next Steps

Dividend

What is Itaú Unibanco Holding current dividend yield, its reliability and sustainability?

8.28%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ITUB4's dividend (8.28%) is higher than the bottom 25% of dividend payers in the BR market (1.24%).

High Dividend: ITUB4's dividend (8.28%) is in the top 25% of dividend payers in the BR market (5.78%)


Stability and Growth of Payments

Stable Dividend: ITUB4's dividend payments have been volatile in the past 10 years.

Growing Dividend: ITUB4's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (103.1%), ITUB4's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ITUB4's dividends in 3 years are forecast to be covered by earnings (80% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Candido Bracher (62 yo)

3.5yrs

Tenure

Mr. Candido Botelho Bracher has been the Chief Executive Officer and Executive President of Itaú Unibanco Holding SA since April 19, 2017 and has been its Member of Executive Board since August 2005. Mr. B ...


Leadership Team

NamePositionTenureCompensationOwnership
Candido Bracher
CEO, Executive President & Member of Executive Board3.5yrsno datano data
Milton Filho
Executive VP1.75yrsno datano data
Claudia Politanski
Executive VP of Legal & Human Resources and Member of Executive Board11.92yrsno datano data
Caio Ibrahim David
Wholesale Senior VP & Member of Executive Boardno datano datano data
Emerson Bortoloto
Officer & Member of Executive Board8.92yrsno datano data
Rodrigo Rosa Couto
Officer & Member of Executive Board8.75yrsno datano data
Alexsandro Broedel Lopes
Group Executive Finance Director8.17yrsno datano data
Marcio de Andrade Schettini
Retail Senior VP & Member of Executive Board5.25yrsno datano data
Leila Cristiane Barboza de Melo
Executive Officer & Member of Executive Board5.5yrsno datano data
Adriano Cabral Volpini
Officer & Member of Executive Board5.67yrsno datano data
Jose Virgilio Neto
Officer & Member of Executive Board5.5yrsno datano data
Alvaro Felipe Rodrigues
Officer & Member of Executive Board5.5yrsno datano data

5.5yrs

Average Tenure

46.5yo

Average Age

Experienced Management: ITUB4's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pedro Salles
Co-Chairman of the Board & Member of International Advisory Board3.33yrsno datano data
Roberto Setubal
Co-Chairman of the Board & Member of International Advisory Board3.33yrsno datano data
Alfredo Setubal
Non-Executive Director13.33yrsno datano data
Alessandro Profumo
Member of International Advisory Boardno datano datano data
Pedro Malan
Member of International Advisory Boardno datano datano data
Pedro Luiz de Moraes
Independent Director11.67yrsno datano data
Gustavo Laboissiere Loyola
Independent Director14.5yrsno datano data
Jose Gallo
Independent Director4.5yrsno datano data
Ricardo Villela Marino
Non-Executive Director12.33yrsno datano data
Marco Crespi Bonomi
Independent Director3.5yrsno datano data
Antonio Trindade
Chairman of Itaú Seguros De Vida10.83yrsno datano data
Jose Caruso Henriques
Chairman of Fiscal Council3.33yrsno datano data

7.7yrs

Average Tenure

64yo

Average Age

Experienced Board: ITUB4's board of directors are considered experienced (7.7 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

Itaú Unibanco Holding S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Itaú Unibanco Holding S.A.
  • Ticker: ITUB4
  • Exchange: BOVESPA
  • Founded: 1924
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: R$228.701b
  • Shares outstanding: 9.76b
  • Website: https://www.itau.com.br

Number of Employees


Location

  • Itaú Unibanco Holding S.A.
  • Praça Alfredo Egydio de Souza Aranha, 100
  • Torre Olavo Setubal
  • São Paulo
  • São Paulo
  • 04344-902
  • Brazil

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITUB4BOVESPA (Bolsa de Valores de Sao Paulo)YesPreferred SharesBRBRLNov 1992
ITUB3BOVESPA (Bolsa de Valores de Sao Paulo)Common SharesBRBRLDec 1992
ITUBNYSE (New York Stock Exchange)ADR EACH REPR 1 PRF NPVUSUSDFeb 2002
BVXBDB (Deutsche Boerse AG)ADR EACH REPR 1 PRF NPVDEEURFeb 2002
ITUB NBMV (Bolsa Mexicana de Valores)ADR EACH REPR 1 PRF NPVMXMXNFeb 2002

Biography

Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 18:27
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.