Caixa Seguridade Participações S.A.

BOVESPA:CXSE3 Stock Report

Market Cap: R$43.7b

Caixa Seguridade Participações Valuation

Is CXSE3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CXSE3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
R$19.30
Fair Value
24.1% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: CXSE3 (R$14.65) is trading below our estimate of fair value (R$19.3)

Significantly Below Fair Value: CXSE3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CXSE3?

Key metric: As CXSE3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CXSE3. This is calculated by dividing CXSE3's market cap by their current earnings.
What is CXSE3's PE Ratio?
PE Ratio12.5x
EarningsR$3.52b
Market CapR$43.65b

Price to Earnings Ratio vs Peers

How does CXSE3's PE Ratio compare to its peers?

The above table shows the PE ratio for CXSE3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.3x
BBSE3 BB Seguridade Participações
8.8x5.1%R$75.2b
PSSA3 Porto Seguro
9.6x9.1%R$24.9b
MAP Mapfre
9.9x7.3%€8.3b
ASRNL ASR Nederland
13.1x12.5%€10.1b
CXSE3 Caixa Seguridade Participações
12.5x11.3%R$43.7b

Price-To-Earnings vs Peers: CXSE3 is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

How does CXSE3's PE Ratio compare vs other companies in the South American Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CXSE3 12.5xIndustry Avg. 11.2xNo. of Companies4PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CXSE3 is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the Global Insurance industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is CXSE3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CXSE3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: CXSE3 is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CXSE3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$14.65
R$17.18
+17.3%
6.7%R$19.00R$15.00n/a14
Jan ’26R$14.25
R$17.21
+20.8%
5.9%R$19.00R$15.00n/a12
Dec ’25R$14.53
R$16.79
+15.6%
7.9%R$19.00R$14.00n/a12
Nov ’25R$14.54
R$16.79
+15.5%
7.9%R$19.00R$14.00n/a12
Oct ’25R$14.47
R$16.75
+15.8%
7.5%R$18.00R$14.00n/a12
Sep ’25R$16.35
R$16.82
+2.9%
7.6%R$18.00R$14.00n/a11
Aug ’25R$14.63
R$16.63
+13.7%
8.1%R$18.00R$13.80n/a11
Jul ’25R$14.24
R$16.69
+17.2%
8.4%R$19.00R$13.80n/a10
Jun ’25R$14.87
R$16.79
+12.9%
8.6%R$19.00R$13.80n/a10
May ’25R$15.66
R$16.71
+6.7%
8.8%R$19.00R$13.50n/a10
Apr ’25R$15.35
R$16.09
+4.8%
13.1%R$19.00R$12.50n/a9
Mar ’25R$14.46
R$14.48
+0.1%
16.3%R$18.00R$10.00n/a9
Feb ’25R$14.25
R$13.61
-4.5%
17.2%R$17.50R$10.00n/a7
Jan ’25R$12.90
R$12.72
-1.4%
13.6%R$15.00R$10.00R$14.256
Dec ’24R$11.43
R$12.72
+11.3%
13.6%R$15.00R$10.00R$14.536
Nov ’24R$10.90
R$12.50
+14.7%
13.3%R$15.10R$10.00R$14.546
Oct ’24R$11.16
R$12.33
+10.5%
15.7%R$15.10R$9.00R$14.476
Sep ’24R$11.15
R$11.91
+6.9%
12.0%R$14.00R$9.00R$16.357
Aug ’24R$10.80
R$11.86
+9.8%
12.1%R$14.00R$9.00R$14.637
Jul ’24R$10.30
R$11.86
+15.1%
12.1%R$14.00R$9.00R$14.247
Jun ’24R$10.44
R$11.71
+12.2%
10.7%R$13.00R$9.00R$14.877
May ’24R$9.46
R$10.61
+12.2%
11.8%R$12.00R$8.80R$15.667
Apr ’24R$8.80
R$10.11
+14.9%
11.4%R$12.00R$8.80R$15.357
Mar ’24R$8.49
R$10.11
+19.1%
11.4%R$12.00R$8.80R$14.467
Feb ’24R$8.68
R$10.11
+16.5%
11.4%R$12.00R$8.80R$14.257
Jan ’24R$8.35
R$10.26
+22.8%
11.3%R$12.00R$8.80R$12.907
Analyst Price Target
Consensus Narrative from 14 Analysts
R$17.18
Fair Value
14.7% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 03:10
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Caixa Seguridade Participações S.A. is covered by 20 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Henrique Tomaz de AquinoBB Banco de Investimento S.A.
Mario Lucio PierryBofA Global Research
Gustavo SchrodenBradesco S.A. Corretora de Títulos e Valores Mobiliários