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Banco do Brasil

DB:BZLA
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BZLA
DB
R$125B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Banco do Brasil S.A. provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The last earnings update was 10 days ago. More info.


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  • Banco do Brasil has significant price volatility in the past 3 months.
BZLA Share Price and Events
7 Day Returns
-12.2%
DB:BZLA
0.6%
DE Banks
-0.2%
DE Market
1 Year Returns
36%
DB:BZLA
-23.3%
DE Banks
-10.3%
DE Market
BZLA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco do Brasil (BZLA) -12.2% -5.3% -20% 36% 123.9% -
DE Banks 0.6% -4.5% 9% -23.3% -4.7% -24.9%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • BZLA outperformed the Banks industry which returned -23.3% over the past year.
  • BZLA outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
BZLA
Industry
5yr Volatility vs Market

Value

 Is Banco do Brasil undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banco do Brasil to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco do Brasil.

DB:BZLA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= R$42.70 * 16.5%
R$7.03
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. R$42.70
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BZLA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.584 (1 + (1- 34%) (619.53%))
2.322
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:BZLA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco do Brasil is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BZLA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.5% – 12.15%) * R$42.70)
R$1.84
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= R$1.84 / (12.15% - 0.23%)
R$15.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= R$42.70 + R$15.44
R$58.14
DB:BZLA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BZLA represents 0.21739x of BOVESPA:BBAS3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.21739x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 58.14 x 0.21739
€12.64
Value per share (EUR) From above. €12.64
Current discount Discount to share price of €9.75
= -1 x (€9.75 - €12.64) / €12.64
22.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Banco do Brasil is available for.
Intrinsic value
23%
Share price is €9.75 vs Future cash flow value of €12.64
Current Discount Checks
For Banco do Brasil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banco do Brasil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Banco do Brasil's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banco do Brasil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco do Brasil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BZLA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in BRL R$4.97
BOVESPA:BBAS3 Share Price ** BOVESPA (2019-05-17) in BRL R$44.85
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.35x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banco do Brasil.

DB:BZLA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:BBAS3 Share Price ÷ EPS (both in BRL)

= 44.85 ÷ 4.97

9.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco do Brasil is good value based on earnings compared to the DE Banks industry average.
  • Banco do Brasil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Banco do Brasil's expected growth come at a high price?
Raw Data
DB:BZLA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
13.8%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.8x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:BZLA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.03x ÷ 13.8%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco do Brasil is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco do Brasil's assets?
Raw Data
DB:BZLA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in BRL R$36.71
BOVESPA:BBAS3 Share Price * BOVESPA (2019-05-17) in BRL R$44.85
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.89x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:BZLA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:BBAS3 Share Price ÷ Book Value per Share (both in BRL)

= 44.85 ÷ 36.71

1.22x

* Primary Listing of Banco do Brasil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco do Brasil is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Banco do Brasil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Banco do Brasil has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Banco do Brasil expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco do Brasil expected to grow at an attractive rate?
  • Banco do Brasil's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Banco do Brasil's earnings growth is expected to exceed the Germany market average.
  • Banco do Brasil's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BZLA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BZLA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 13.8%
DB:BZLA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 6.4%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BZLA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BZLA Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 63,286 21,680 4
2020-12-31 57,234 19,337 5
2019-12-31 52,157 17,054 6
DB:BZLA Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-03-31 62,108 7,827 13,839
2018-12-31 60,049 -5,557 12,649
2018-09-30 58,444 -11,522 12,006
2018-06-30 57,950 -7,185 11,725
2018-03-31 57,795 -20,457 11,209
2017-12-31 58,064 -45,032 10,881
2017-09-30 56,648 -22,559 8,788
2017-06-30 55,941 -768 8,196
2017-03-31 56,570 23,394 8,042
2016-12-31 55,873 41,718 7,930
2016-09-30 60,578 55,406 9,192
2016-06-30 54,407 19,609 10,034

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco do Brasil's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Banco do Brasil's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BZLA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Banco do Brasil Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BZLA Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.49 7.97 6.88 6.00
2020-12-31 6.72 7.11 6.19 8.00
2019-12-31 5.86 6.31 5.51 8.00
DB:BZLA Past Financials Data
Date (Data in BRL Millions) EPS *
2019-03-31 4.97
2018-12-31 4.54
2018-09-30 4.31
2018-06-30 4.21
2018-03-31 4.02
2017-12-31 3.91
2017-09-30 3.16
2017-06-30 2.94
2017-03-31 2.89
2016-12-31 2.84
2016-09-30 3.30
2016-06-30 3.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Banco do Brasil is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco do Brasil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banco do Brasil has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Banco do Brasil performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banco do Brasil's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banco do Brasil's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Banco do Brasil's 1-year earnings growth exceeds its 5-year average (23.5% vs -3.9%)
  • Banco do Brasil's earnings growth has exceeded the DE Banks industry average in the past year (23.5% vs 5.4%).
Earnings and Revenue History
Banco do Brasil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banco do Brasil Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BZLA Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 62,107.75 13,839.44 33,501.85
2018-12-31 60,049.12 12,648.80 33,261.80
2018-09-30 58,443.84 12,006.45 33,647.31
2018-06-30 57,949.99 11,725.28 33,977.70
2018-03-31 57,795.04 11,208.96 34,150.76
2017-12-31 58,064.35 10,881.10 34,209.77
2017-09-30 56,648.33 8,787.83 37,041.22
2017-06-30 55,940.94 8,195.91 37,471.23
2017-03-31 56,569.85 8,042.27 37,542.48
2016-12-31 55,873.39 7,930.11 37,630.44
2016-09-30 60,577.56 9,191.59 36,227.46
2016-06-30 54,406.96 10,034.49 36,137.17
2016-03-31 46,690.97 10,577.00 35,805.39
2015-12-31 50,294.54 14,108.49 36,098.86
2015-09-30 40,190.29 14,833.95 33,613.81
2015-06-30 44,874.05 14,552.21 33,371.34
2015-03-31 51,821.18 14,314.21 33,518.68
2014-12-31 48,453.41 11,232.47 33,676.90
2014-09-30 52,972.76 11,378.59 36,393.82
2014-06-30 53,607.63 11,283.22 36,237.06
2014-03-31 61,818.04 15,963.97 35,601.85
2013-12-31 61,742.84 15,810.37 35,016.18
2013-09-30 64,011.44 16,667.76 34,079.88
2013-06-30 64,478.26 16,787.25 33,151.05
2013-03-31 54,262.71 12,390.65 32,245.12
2012-12-31 52,501.72 12,309.87 31,673.03
2012-09-30 49,418.33 11,454.14 30,892.90
2012-06-30 45,564.42 11,540.90 30,023.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banco do Brasil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco do Brasil used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco do Brasil improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banco do Brasil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banco do Brasil has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Banco do Brasil's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Banco do Brasil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banco do Brasil Company Filings, last reported 1 month ago.

DB:BZLA Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 105,070.03 774,246.03 575,942.55
2018-12-31 102,252.88 700,211.09 466,930.19
2018-09-30 103,819.85 743,328.92 488,615.37
2018-06-30 102,637.83 745,521.58 478,993.97
2018-03-31 101,226.76 735,941.69 470,255.17
2017-12-31 98,723.40 698,317.47 418,289.83
2017-09-30 93,564.20 743,860.92 459,012.69
2017-06-30 90,783.36 782,765.31 499,925.86
2017-03-31 89,820.15 752,638.24 466,697.70
2016-12-31 87,193.75 730,504.67 457,021.44
2016-09-30 85,724.14 777,979.41 466,098.07
2016-06-30 83,449.34 780,477.80 452,296.55
2016-03-31 84,155.79 735,407.27 406,306.71
2015-12-31 81,536.17 734,280.95 391,361.94
2015-09-30 83,814.45 771,631.86 401,511.19
2015-06-30 82,642.69 759,811.28 394,647.30
2015-03-31 83,598.04 733,719.09 387,793.46
2014-12-31 80,613.19 629,363.78 331,408.25
2014-09-30 81,246.06 662,193.80 345,717.73
2014-06-30 71,790.63 634,965.46 363,557.67
2014-03-31 73,517.13 611,157.16 350,173.59
2013-12-31 72,224.80 542,579.37 310,196.30
2013-09-30 65,924.28 526,206.76 297,317.45
2013-06-30 64,721.31 482,904.54 283,256.37
2013-03-31 62,121.41 466,276.68 307,081.00
2012-12-31 61,499.42 433,320.88 281,768.86
2012-09-30 64,103.89 393,438.25 267,683.31
2012-06-30 62,308.35 356,748.30 244,412.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Banco do Brasil has an acceptable proportion of non-loan assets held.
  • Banco do Brasil's liabilities are made up of primarily higher risk sources of funding.
  • Loans at Banco do Brasil are broadly funded by customer deposits.
  • Banco do Brasil's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banco do Brasil has a sufficient allowance for bad loans.
  • Banco do Brasil has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco do Brasil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banco do Brasil has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Banco do Brasil's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.13%
Current annual income from Banco do Brasil dividends. Estimated to be 5.87% next year.
If you bought €2,000 of Banco do Brasil shares you are expected to receive €83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banco do Brasil's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Banco do Brasil's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Upcoming dividend payment

Purchase Banco do Brasil before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BZLA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BZLA Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.89 7.00
2020-12-31 2.71 8.00
2019-12-31 2.36 9.00
DB:BZLA Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-02-14 1.854 3.706
2018-02-22 1.160 3.203
2018-01-15 1.160 3.039
2017-02-16 0.845 2.671
2016-02-25 2.056 9.359
2015-02-11 1.617 8.612
2014-02-13 2.234 8.944
2013-02-21 1.722 7.054
2012-02-14 1.711 7.391
2011-02-16 1.727 6.591
2010-05-13 1.480 4.948
2010-02-24 1.580 5.334
2009-11-13 1.240 4.142

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banco do Brasil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Banco do Brasil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banco do Brasil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco do Brasil has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Banco do Brasil's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rubem de Freitas Novaes
AGE 73
TENURE AS CEO 0.3 years
CEO Bio

Mr. Rubem de Freitas Novaes has been President and CEO of Banco do Brasil SA since January 2, 2019 and has been its Director since 2019. He was a Director at Banco Nacional de Desenvolvimento Econômico e Social. He is a known advocate of privatization and would likely push for the sale of Banco do Brasil’s investment arm, following Guedes’ guidelines to withdraw state-owned banks’ businesses that are not tied to public policy.

CEO Compensation
  • Insufficient data for Rubem to compare compensation growth.
  • Insufficient data for Rubem to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Banco do Brasil management team in years:

0.3
Average Tenure
49
Average Age
  • The average tenure for the Banco do Brasil management team is less than 2 years, this suggests a new team.
Management Team

Rubem de Freitas Novaes

TITLE
President
AGE
73
TENURE
0.3 yrs

Carlos Vasconcelos Araújo

TITLE
Chief Finance Management & Investor Relations
AGE
54
TENURE
0.3 yrs

Márcio Ferreira

TITLE
Chief Wholesale Officer
AGE
46
TENURE
0.3 yrs

Marcelo Dutra Labuto

TITLE
Chief Retail Officer
AGE
47

Carlos Bonetti

TITLE
Chief Internal Controls & Risk Management Officer
AGE
48
TENURE
0.3 yrs

João Rabelo

TITLE
Chief Government Affairs Officer
AGE
49
TENURE
0.8 yrs

Antônio Matos do Vale

TITLE
Chief of Human Resources
AGE
67

Ivandré Montiel Silva

TITLE
Chief Agribusiness Officer
TENURE
0.3 yrs

Carlos dos Santos

TITLE
Chief Retail Distribution Officer
TENURE
0.3 yrs

Fábio Augusto Barbosa

TITLE
CTO, VP & Member of Executive Board
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Banco do Brasil board of directors in years:

0.3
Average Tenure
54
Average Age
  • The average tenure for the Banco do Brasil board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hélio Magalhães

TITLE
Chairman of the Board
TENURE
0.1 yrs

Rubem de Freitas Novaes

TITLE
President
AGE
73
TENURE
0.3 yrs

Aldo Martins Braido

TITLE
President of Fiscal Council
AGE
53

Luiz Spinola Santos

TITLE
Independent Director
AGE
71
TENURE
4.1 yrs

Paulo Roberto de Lima

TITLE
Director
AGE
61
TENURE
0.1 yrs

Beny Parnes

TITLE
Independent Director
AGE
59
TENURE
4.1 yrs

Fabiano Felix do Nascimento

TITLE
Employee Representative Director
AGE
43
TENURE
2.1 yrs

Luiz Figueiredo

TITLE
Director
AGE
54

D ébora Cristina Fonseca

TITLE
Director
AGE
31
TENURE
0.1 yrs

Waldery Junior

TITLE
Director
AGE
51
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Banco do Brasil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banco do Brasil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Banco do Brasil S.A. provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company’s Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population. Its Investments segment engages in the intermediation and distribution of debts in the primary and secondary markets; equity investment activities; and rendering of financial services. The company’s Fund Management segment is involved in the purchase, sale, and custody of securities, as well as the management of portfolios, and investment funds and clubs. Its Insurance, Pension and Capitalization segment provides life, property, and automobile insurance products, as well as private pension and capitalization plans. The company’s Payment Methods segment is involved in the funding, transmission, processing, and settlement of transactions through electronic means. Its Other segment engages in the provision of credit recovery and consortium administration services; development, manufacturing, leasing, and integration of digital electronic systems and equipment, peripherals, programs, inputs, and computing supplies; intermediation of air tickets; and lodging and organization of events. Banco do Brasil S.A. was founded in 1808 and is headquartered in Brasília, Brazil.

Details
Name: Banco do Brasil S.A.
BZLA
Exchange: DB
Founded: 1808
R$27,398,778,873
2,786,472,502
Website: http://www.bb.com.br
Address: Banco do Brasil S.A.
Setor de Autarquias Norte,
Quadra 5, Lote B,
Brasilia,
Distrito Federal, Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA BBAS3 Ordinary Shares Bolsa de Valores de Sao Paulo BR BRL 02. Jan 1992
OTCPK BDOR.Y SPONS ADR EA REPR 1 ORD SHS Pink Sheets LLC US USD 03. Dec 2009
DB BZLA SPONS ADR EA REPR 1 ORD SHS Deutsche Boerse AG DE EUR 03. Dec 2009
Number of employees
Current staff
Staff numbers
96,889
Banco do Brasil employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:42
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.