Banco BTG Pactual Future Growth

Future criteria checks 3/6

Banco BTG Pactual is forecast to grow earnings and revenue by 14.5% and 3.3% per annum respectively. EPS is expected to grow by 20.5% per annum. Return on equity is forecast to be 22.9% in 3 years.

Key information

14.5%

Earnings growth rate

20.5%

EPS growth rate

Capital Markets earnings growth	15.4%
Revenue growth rate	3.3%
Future return on equity	22.9%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BOVESPA:BPAC11 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	32,795	15,691	N/A	N/A	7
12/31/2025	28,711	13,900	N/A	N/A	10
12/31/2024	25,191	11,947	N/A	N/A	7
9/30/2024	34,612	11,393	-24,736	-23,520	N/A
6/30/2024	32,529	10,947	-45,274	-44,176	N/A
3/31/2024	32,075	10,565	-36,836	-35,964	N/A
12/31/2023	31,123	9,925	-36,722	-36,188	N/A
9/30/2023	28,118	8,841	-3,628	-3,042	N/A
6/30/2023	27,751	8,406	-8,057	-7,325	N/A
3/31/2023	27,595	8,032	8,441	9,094	N/A
12/31/2022	26,639	7,842	14,133	15,707	N/A
9/30/2022	25,966	7,942	-33,045	-30,342	N/A
6/30/2022	23,310	7,497	-41,312	-38,606	N/A
3/31/2022	21,021	7,108	-50,642	-45,162	N/A
12/31/2021	16,862	6,342	-72,675	-68,239	N/A
9/30/2021	15,761	5,827	-64,178	-61,143	N/A
6/30/2021	14,074	5,086	-70,275	-67,468	N/A
3/31/2021	11,497	4,385	-75,900	-75,756	N/A
12/31/2020	9,590	3,976	-32,683	-32,469	N/A
9/30/2020	7,326	3,926	-25,263	-25,049	N/A
6/30/2020	6,495	3,927	-19,951	-19,744	N/A
3/31/2020	5,838	3,921	-7,741	-7,623	N/A
12/31/2019	6,919	3,828	-15,085	-15,058	N/A
9/30/2019	5,187	3,202	-22,132	-22,140	N/A
6/30/2019	4,638	2,785	-2,770	-2,774	N/A
3/31/2019	3,363	2,435	5,630	5,618	N/A
12/31/2018	3,435	2,361	-9,452	-9,466	N/A
9/30/2018	4,639	2,469	3,081	3,084	N/A
6/30/2018	5,158	2,384	N/A	-877	N/A
3/31/2018	5,221	2,264	N/A	6,922	N/A
12/31/2017	5,487	2,384	N/A	11,698	N/A
9/30/2017	4,974	2,403	N/A	10,822	N/A
6/30/2017	4,747	2,619	N/A	20,275	N/A
3/31/2017	7,559	3,120	N/A	32,035	N/A
12/31/2016	9,506	3,409	N/A	34,949	N/A
9/30/2016	12,947	4,273	N/A	47,076	N/A
6/30/2016	10,165	5,404	N/A	34,388	N/A
3/31/2016	8,136	5,695	N/A	18,887	N/A
12/31/2015	3,864	5,623	N/A	6,928	N/A
9/30/2015	180	4,837	N/A	-3,158	N/A
6/30/2015	2,408	3,793	N/A	-2,787	N/A
3/31/2015	2,894	3,370	N/A	7,200	N/A
12/31/2014	5,602	3,369	N/A	4,365	N/A
9/30/2014	6,400	3,223	N/A	-9,962	N/A
6/30/2014	6,755	3,036	N/A	-8,242	N/A
3/31/2014	5,868	2,924	N/A	-28,338	N/A
12/31/2013	5,601	2,478	N/A	-19,929	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPAC11's forecast earnings growth (14.5% per year) is above the savings rate (10.4%).

Earnings vs Market: BPAC11's earnings (14.5% per year) are forecast to grow faster than the BR market (12.7% per year).

High Growth Earnings: BPAC11's earnings are forecast to grow, but not significantly.

Revenue vs Market: BPAC11's revenue (3.3% per year) is forecast to grow slower than the BR market (7.4% per year).

High Growth Revenue: BPAC11's revenue (3.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BPAC11's Return on Equity is forecast to be high in 3 years time (22.9%)

Banco BTG Pactual Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 8.1% to R$31.52

Recent updates

Third quarter 2024 earnings: Revenues exceed analyst expectations

Banco BTG Pactual S.A. (BOVESPA:BPAC11) acquired Greytown Advisors Inc.

Second quarter 2024 earnings: Revenues in line with analyst expectations

Banco BTG Pactual S.A. (BOVESPA:BPAC11) agreed to acquire M.Y. Safra Bank, FSB.

Banco BTG Pactual S.A. announced a financing transaction

First quarter 2024 earnings: Revenues in line with analyst expectations

New minor risk - Shareholder dilution

Full year 2023 earnings released

Banco BTG Pactual S.A. to Report Q3, 2024 Results on Nov 12, 2024

Third quarter 2023 earnings released

Banco BTG Pactual S.A. (BOVESPA:BPAC11) completed the acquisition of FIS Privatbank S.A from Alexander Schütz.

Second quarter 2023 earnings: Revenues exceed analyst expectations

Price target increased by 8.1% to R$31.52

Banco BTG Pactual S.A. (BOVESPA:BPAC11) agreed to acquire unknown minority stake in Systemica.

First quarter 2023 earnings: Revenues exceed analyst expectations

Full year 2022 earnings: Revenues miss analyst expectations

Less than half of directors are independent

Banco BTG Pactual S.A. to Report Q4, 2022 Results on Feb 13, 2023

BTG Pactual Presents the Mynt Crypto Asset Platform

Ares 2 Participacoes S.A. entered into an agreement to acquire 28.5 MWp of solar distributed generation (DG) plants in the state of Minas Gerais from Banco BTG Pactual S.A. and Energea Global LLC for BRL 200 million.

3R Petroleum Óleo e Gás S.A. (BOVESPA:RRRP3) entered in an agreement to acquire DUNA ENERGIA S.A. from Banco BTG Pactual S.A. (BOVESPA:BPAC3) for $78.1 million.

Banco BTG Pactual S.A. (BOVESPA:BPAC3) acquired an unknown minority stake in Perfin Spa.

Banco BTG Pactual S.A. (BOVESPA:BPAC3) signed an agreement to acquire Grupo Universa for BRL 690 million.

Banco BTG Pactual S.A. announced that it expects to receive $120 million in funding

Banco BTG Pactual S.A. (BOVESPA:BPAC3), Banco Safra S.A. and Kinea Private Equity Investimentos S.A. acquired two corporate skyscrapers in Sao Paulo from Rochavera for BRL1.3 billion.

Banco BTG Pactual S.A. to Report Q4, 2020 Results on Feb 09, 2021

Banco BTG Pactual S.A. (BOVESPA:BPAC3) agree to acquire Necton Investimentos S.A. Corretora de Valores Mobiliários e Commodities for approximately BRL 350 million

BTG Pactual Reportedly in Talks to Take over Atvos

Banco BTG Pactual S.A. has completed a Follow-on Equity Offering in the amount of BRL 2.65 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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