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B3SA

B3 - Brasil Bolsa BalcãoBOVESPA:B3SA3 Stock Report

Last Price

R$13.04

Market Cap

R$82.8b

7D

5.5%

1Y

-33.2%

Updated

24 Jan, 2022

Data

Company Financials +
B3SA3 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends4/6

B3SA3 Stock Overview

B3 S.A. - Brasil, Bolsa, Balcão, a financial market infrastructure company, provides trading services in an exchange and OTC environment.

B3 - Brasil Bolsa Balcão Competitors

CME Group

NasdaqGS:CME

US$80.6b

Hong Kong Exchanges and Clearing

SEHK:388

HK$591.9b

London Stock Exchange Group

LSE:LSEG

UK£41.0b

Deutsche Börse

XTRA:DB1

€29.4b

Price History & Performance

Summary of all time highs, changes and price drops for B3 - Brasil Bolsa Balcão
Historical stock prices
Current Share PriceR$13.04
52 Week HighR$21.37
52 Week LowR$10.58
Beta0.83
1 Month Change14.59%
3 Month Change7.32%
1 Year Change-33.18%
3 Year Change21.38%
5 Year Change115.06%
Change since IPO60.33%

Recent News & Updates

Shareholder Returns

B3SA3BR Capital MarketsBR Market
7D5.5%9.6%0.9%
1Y-33.2%-15.7%-17.4%

Return vs Industry: B3SA3 underperformed the BR Capital Markets industry which returned -13.6% over the past year.

Return vs Market: B3SA3 underperformed the BR Market which returned -16% over the past year.

Price Volatility

Is B3SA3's price volatile compared to industry and market?
B3SA3 volatility
B3SA3 Average Weekly Movement5.9%
Capital Markets Industry Average Movement6.9%
Market Average Movement6.6%
10% most volatile stocks in BR Market10.7%
10% least volatile stocks in BR Market3.5%

Stable Share Price: B3SA3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: B3SA3's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aGilson Finkelsztainhttps://www.b3.com.br

B3 S.A. - Brasil, Bolsa, Balcão, a financial market infrastructure company, provides trading services in an exchange and OTC environment. It operates through Listed; OTC; Infrastructure for Financing; and Technology, Data and Service segments. The company offers listed equities and securities for commodities, including anhydrous fuel ethanol, Arabica coffee 4/5 and 6/7, corn, crystal sugar, gold, hydrous ethanol, live cattle, and soybean; fixed income products, such as ETF and sovereign debt instruments; and exchange rates, interest rates, and equities, as well as collateral management products.

B3 - Brasil Bolsa Balcão Fundamentals Summary

How do B3 - Brasil Bolsa Balcão's earnings and revenue compare to its market cap?
B3SA3 fundamental statistics
Market CapR$82.83b
Earnings (TTM)R$4.72b
Revenue (TTM)R$9.46b

16.8x

P/E Ratio

8.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
B3SA3 income statement (TTM)
RevenueR$9.46b
Cost of RevenueR$277.28m
Gross ProfitR$9.18b
ExpensesR$4.46b
EarningsR$4.72b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 17, 2022

Earnings per share (EPS)0.78
Gross Margin97.07%
Net Profit Margin49.92%
Debt/Equity Ratio64.6%

How did B3SA3 perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is B3 - Brasil Bolsa Balcão undervalued compared to its fair value and its price relative to the market?

16.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: B3SA3 (R$13.04) is trading above our estimate of fair value (R$7.9)

Significantly Below Fair Value: B3SA3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: B3SA3 is good value based on its PE Ratio (16.8x) compared to the BR Capital Markets industry average (23x).

PE vs Market: B3SA3 is poor value based on its PE Ratio (16.8x) compared to the BR market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: B3SA3 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: B3SA3 is overvalued based on its PB Ratio (3.5x) compared to the BR Capital Markets industry average (2x).


Future Growth

How is B3 - Brasil Bolsa Balcão forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B3SA3's forecast earnings growth (5.3% per year) is below the savings rate (9.1%).

Earnings vs Market: B3SA3's earnings (5.3% per year) are forecast to grow slower than the BR market (6.3% per year).

High Growth Earnings: B3SA3's earnings are forecast to grow, but not significantly.

Revenue vs Market: B3SA3's revenue (2.6% per year) is forecast to grow slower than the BR market (7.3% per year).

High Growth Revenue: B3SA3's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: B3SA3's Return on Equity is forecast to be high in 3 years time (24.2%)


Past Performance

How has B3 - Brasil Bolsa Balcão performed over the past 5 years?

30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B3SA3 has a high level of non-cash earnings.

Growing Profit Margin: B3SA3's current net profit margins (49.9%) are higher than last year (46.4%).


Past Earnings Growth Analysis

Earnings Trend: B3SA3's earnings have grown significantly by 30.9% per year over the past 5 years.

Accelerating Growth: B3SA3's earnings growth over the past year (24.7%) is below its 5-year average (30.9% per year).

Earnings vs Industry: B3SA3 earnings growth over the past year (24.7%) underperformed the Capital Markets industry 50.3%.


Return on Equity

High ROE: B3SA3's Return on Equity (20.9%) is considered high.


Financial Health

How is B3 - Brasil Bolsa Balcão's financial position?


Financial Position Analysis

Short Term Liabilities: B3SA3's short term assets (R$25.6B) exceed its short term liabilities (R$15.7B).

Long Term Liabilities: B3SA3's short term assets (R$25.6B) exceed its long term liabilities (R$16.6B).


Debt to Equity History and Analysis

Debt Level: B3SA3 has more cash than its total debt.

Reducing Debt: B3SA3's debt to equity ratio has increased from 12.5% to 64.6% over the past 5 years.

Debt Coverage: B3SA3's debt is not well covered by operating cash flow (8.1%).

Interest Coverage: B3SA3 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is B3 - Brasil Bolsa Balcão current dividend yield, its reliability and sustainability?

5.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B3SA3's dividend (5.54%) is higher than the bottom 25% of dividend payers in the BR market (1.31%).

High Dividend: B3SA3's dividend (5.54%) is in the top 25% of dividend payers in the BR market (5.27%)


Stability and Growth of Payments

Stable Dividend: B3SA3's dividend payments have been volatile in the past 10 years.

Growing Dividend: B3SA3's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11%), B3SA3's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: B3SA3's dividends in 3 years are not forecast to be well covered by earnings (96.7% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Gilson Finkelsztain (49 yo)

4.67yrs

Tenure

Mr. Gilson Finkelsztain has been Chief Executive Officer at B3 S.A. - Brasil, Bolsa, Balcão since May 5, 2017 and serves as its President of Collegiate Board. Mr. Finkelsztain has been the Chief Executive...


Leadership Team

Experienced Management: B3SA3's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: B3SA3's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

B3 S.A. - Brasil, Bolsa, Balcão's employee growth, exchange listings and data sources


Key Information

  • Name: B3 S.A. - Brasil, Bolsa, Balcão
  • Ticker: B3SA3
  • Exchange: BOVESPA
  • Founded: 2007
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: R$82.834b
  • Shares outstanding: 6.07b
  • Website: https://www.b3.com.br

Location

  • B3 S.A. - Brasil, Bolsa, Balcão
  • PraCa Antonio Prado, 48
  • Rua XV de Novembro, 275
  • São Paulo
  • São Paulo
  • 18970-020
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/24 22:55
End of Day Share Price2022/01/24 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.