BB Seguridade Participações
Market Cap
R$57.5b
Last Updated
2021/01/22 22:00 UTC
Data Sources
Company Financials +
Executive Summary
BB Seguridade Participações S.A., through its subsidiaries, invests in the insurance, pension plans, premium bonds, reinsurance, and dental insurance businesses in Brazil. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has BB Seguridade Participações's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BBSE3 is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BBSE3's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.2%
BBSE3
-3.6%
BR Insurance
-2.6%
BR Market
1 Year Return
-20.8%
BBSE3
-44.5%
BR Insurance
-2.2%
BR Market
Return vs Industry: BBSE3 exceeded the BR Insurance industry which returned -43.1% over the past year.
Return vs Market: BBSE3 underperformed the BR Market which returned -1.4% over the past year.
Shareholder returns
| BBSE3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -3.6% | -2.6% |
| 30 Day | -2.4% | -2.7% | 0.6% |
| 90 Day | 11.1% | 4.9% | 14.3% |
| 1 Year | -14.0%-20.8% | -40.1%-44.5% | 0.4%-2.2% |
| 3 Year | 16.0%-12.6% | 17.5%-6.9% | 47.3%31.4% |
| 5 Year | 84.1%22.9% | 105.2%43.8% | 195.4%144.8% |
Long-Term Price Volatility Vs. Market
How volatile is BB Seguridade Participações's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
BB Seguridade Participações' (BVMF:BBSE3) Stock Price Has Reduced 23% In The Past Year1 month ago | Simply Wall St
Earnings Not Telling The Story For BB Seguridade Participações S.A. (BVMF:BBSE3) After Shares Rise 25%Valuation
Is BB Seguridade Participações undervalued compared to its fair value and its price relative to the market?
13.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BBSE3 (R$28.42) is trading above our estimate of fair value (R$23.7)
Significantly Below Fair Value: BBSE3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BBSE3 is poor value based on its PE Ratio (13.8x) compared to the BR Insurance industry average (12x).
PE vs Market: BBSE3 is good value based on its PE Ratio (13.8x) compared to the BR market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: BBSE3 is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: BBSE3 is overvalued based on its PB Ratio (8.9x) compared to the BR Insurance industry average (2x).
Next Steps
Future Growth
How is BB Seguridade Participações forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBSE3's forecast earnings growth (7.9% per year) is below the savings rate (9.9%).
Earnings vs Market: BBSE3's earnings (7.9% per year) are forecast to grow slower than the BR market (27.4% per year).
High Growth Earnings: BBSE3's earnings are forecast to grow, but not significantly.
Revenue vs Market: BBSE3's revenue (10.2% per year) is forecast to grow slower than the BR market (10.4% per year).
High Growth Revenue: BBSE3's revenue (10.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BBSE3's Return on Equity is forecast to be very high in 3 years time (73.2%).
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Past Performance
How has BB Seguridade Participações performed over the past 5 years?
7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BBSE3 has a high level of non-cash earnings.
Growing Profit Margin: BBSE3's current net profit margins (77%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: BBSE3's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: BBSE3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BBSE3 had negative earnings growth (-34.1%) over the past year, making it difficult to compare to the Insurance industry average (9%).
Return on Equity
High ROE: BBSE3's Return on Equity (64.5%) is considered outstanding.
Next Steps
Financial Health
How is BB Seguridade Participações's financial position?
Financial Position Analysis
Short Term Liabilities: BBSE3's short term assets (R$3.3B) exceed its short term liabilities (R$1.7B).
Long Term Liabilities: BBSE3's short term assets (R$3.3B) exceed its long term liabilities (R$1.6B).
Debt to Equity History and Analysis
Debt Level: BBSE3 is debt free.
Reducing Debt: BBSE3 has not had any debt for past 5 years.
Debt Coverage: BBSE3 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BBSE3 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is BB Seguridade Participações's current dividend yield, its reliability and sustainability?
14.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BBSE3's dividend (14.56%) is higher than the bottom 25% of dividend payers in the BR market (0.96%).
High Dividend: BBSE3's dividend (14.56%) is in the top 25% of dividend payers in the BR market (5.13%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BBSE3 has been paying a dividend for less than 10 years.
Growing Dividend: BBSE3's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (135.1%), BBSE3's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BBSE3's dividends in 3 years are forecast to be covered by earnings (77.4% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
0.6yrs
Average board tenure
CEO
Marcio Ferreira (48 yo)
0.25
Tenure
Mr. Marcio Hamilton Ferreira has been Chief Executive Officer at BB Seguridade Participações S.A. since October 26, 2020 and its Member of Executive Board since October 26, 2020. Mr. Ferreira has been an I...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Member of Executive Board & Director | 0.25yr | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Member of Fiscal Council | 0.50yr | no data | no data | |
| Independent Director | 7.17yrs | no data | no data | |
| President of Fiscal Council | no data | no data | no data | |
| President of the Board | no data | no data | no data | |
| Member of Fiscal Council | no data | no data | no data | |
| Vice Chairman of the Board | 0.75yr | no data | no data | |
| Director | 1.75yrs | no data | no data | |
| Director | 0.42yr | no data | no data |
0.6yrs
Average Tenure
47yo
Average Age
Experienced Board: BBSE3's board of directors are not considered experienced ( 0.6 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
BB Seguridade Participações S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: BB Seguridade Participações S.A.
- Ticker: BBSE3
- Exchange: BOVESPA
- Founded: 2012
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: R$57.483b
- Shares outstanding: 2.00b
- Website: https://www.bbseguridaderi.com.br
Location
- BB Seguridade Participações S.A.
- Banco do Brasil Building, Asa Norte
- Lot B, 3rd Floor
- Brasília
- Distrito Federal
- Brazil
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BBSE3 | BOVESPA (Bolsa de Valores de Sao Paulo) | Yes | Common Shares | BR | BRL | Apr 2013 |
| BBSE.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Mar 2014 |
Biography
BB Seguridade Participações S.A., through its subsidiaries, invests in the insurance, pension plans, premium bonds, reinsurance, and dental insurance businesses in Brazil. It operates through two segments,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 22:00 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.