BOVESPA:B3SA3

Stock Analysis Report

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Executive Summary

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

Rewards

Earnings are forecast to grow 11.38% per year

Earnings grew by 47.7% over the past year

Risk Analysis

No risks detected for B3SA3 from our risk checks.


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has B3 - Brasil Bolsa Balcão's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: B3SA3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: B3SA3's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-5.0%

B3SA3

-0.2%

BR Capital Markets

-0.7%

BR Market


1 Year Return

20.2%

B3SA3

25.1%

BR Capital Markets

0.8%

BR Market

Return vs Industry: B3SA3 underperformed the BR Capital Markets industry which returned 25.1% over the past year.

Return vs Market: B3SA3 exceeded the BR Market which returned 0.8% over the past year.


Shareholder returns

B3SA3IndustryMarket
7 Day-5.0%-0.2%-0.7%
30 Day-2.9%2.4%4.9%
90 Day6.8%8.7%16.8%
1 Year25.1%20.2%28.1%25.1%3.5%0.8%
3 Year149.6%126.3%247.4%217.7%54.4%37.8%
5 Year555.7%464.6%531.3%449.1%219.0%164.3%

Long-Term Price Volatility Vs. Market

How volatile is B3 - Brasil Bolsa Balcão's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

31.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: B3SA3 (R$58.55) is trading above our estimate of fair value (R$16.61)

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


Price To Earnings Ratio

PE vs Industry: B3SA3 is poor value based on its PE Ratio (31.6x) compared to the XS Capital Markets industry average (15.4x).

PE vs Market: B3SA3 is poor value based on its PE Ratio (31.6x) compared to the BR market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: B3SA3 is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: B3SA3 is overvalued based on its PB Ratio (4.8x) compared to the BR Capital Markets industry average (1.8x).


Next Steps

Future Growth

How is B3 - Brasil Bolsa Balcão forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B3SA3's forecast earnings growth (11.4% per year) is above the savings rate (9.9%).

Earnings vs Market: B3SA3's earnings (11.4% per year) are forecast to grow slower than the BR market (27.3% per year).

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

Revenue vs Market: B3SA3's revenue (9.6% per year) is forecast to grow slower than the BR market (10.4% per year).

High Growth Revenue: B3SA3's revenue (9.6% 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 (28.4%)


Next Steps

Past Performance

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

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B3SA3 has high quality earnings.

Growing Profit Margin: B3SA3's current net profit margins (49.3%) are higher than last year (45.4%).


Past Earnings Growth Analysis

Earnings Trend: B3SA3's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: B3SA3's earnings growth over the past year (47.7%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: B3SA3 earnings growth over the past year (47.7%) exceeded the Capital Markets industry -14.5%.


Return on Equity

High ROE: B3SA3's Return on Equity (15.2%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: B3SA3's short term assets (R$16.1B) exceed its short term liabilities (R$8.6B).

Long Term Liabilities: B3SA3's short term assets (R$16.1B) exceed its long term liabilities (R$11.8B).


Debt to Equity History and Analysis

Debt Level: B3SA3's debt to equity ratio (29.3%) is considered satisfactory.

Reducing Debt: B3SA3's debt to equity ratio has increased from 13.6% to 29.3% over the past 5 years.

Debt Coverage: B3SA3's debt is well covered by operating cash flow (42.4%).

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


Balance Sheet


Next Steps

Dividend

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

0.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B3SA3's dividend (0.48%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (0.95%).

High Dividend: B3SA3's dividend (0.48%) is low compared to the top 25% of dividend payers in the BR market (5%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.2%), B3SA3's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: B3SA3's dividends in 3 years are forecast to be covered by earnings (89.4% payout ratio).


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Gilson Finkelsztain (48 yo)

3.67yrs

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 Executive Board. Mr. Finkelsztain has been the Chief Executive O...


Board Members

NamePositionTenureCompensationOwnership
Guilherme Affonso Ferreira Filho
Independent & Unbound Director3.75yrsno datano data
Antonio Carlos Quintella
Independent Chairman of the Board2.58yrsno datano data
Eduardo Mazzilli de Vassimon
Independent & Unbound Director4.17yrsno datano data
José de Menezes Berenguer Neto
Independent Director7.75yrsno datano data
Mauricio de Minas
Independent Director0.67yrno datano data
Jose Roberto de Machado Filho
Independent Director3.75yrsno datano data
Edgar da Silva Ramos
Independent & Unbound Director3.75yrsno datano data
Florian Bartunek
Independent & Unbound Director3.75yrsno datano data
José Lucas Ferreira de Melo
Independent & Unbound Director3.75yrsno datano data
Ana Carla Abrão Costa
Independent Vice-Chairman of the Board2yrsno datano data
Claudia Farkouh Prado
Independent & Unbound Director1.75yrsno datano data
Ângela Aparecida Seixas
Member of Fiscal Council1.67yrsno datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Board: B3SA3's board of directors are considered experienced (3.8 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

B3 S.A. - Brasil, Bolsa, Balcão's company bio, 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
  • Market Cap: R$122.500b
  • Shares outstanding: 2.04b
  • Website: https://www.b3.com.br

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
B3SA3BOVESPA (Bolsa de Valores de Sao Paulo)YesOrdinary SharesBRBRLNov 2007
BOLS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 21:57
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
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.