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Banco Santander (Brasil)

DB:DBSA
Snowflake Description

Proven track record with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBSA
DB
R$174B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Banco Santander (Brasil) S.A. provides banking products and services in Brazil and internationally. The last earnings update was 18 days ago. More info.


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DBSA Share Price and Events
7 Day Returns
1%
DB:DBSA
4.9%
DE Banks
1.8%
DE Market
1 Year Returns
15%
DB:DBSA
-35.2%
DE Banks
-8.9%
DE Market
DBSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco Santander (Brasil) (DBSA) 1% -8.4% 10% 15% 158.5% 195.8%
DE Banks 4.9% 3.7% 7.1% -35.2% -7.4% -22.7%
DE Market 1.8% 2.7% 7.2% -8.9% 9.3% 11.7%
1 Year Return vs Industry and Market
  • DBSA outperformed the Banks industry which returned -35.2% over the past year.
  • DBSA outperformed the Market in Germany which returned -8.9% over the past year.
Price Volatility
DBSA
Industry
5yr Volatility vs Market

DBSA Value

 Is Banco Santander (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 Santander (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    Our intrinsic value calculation method has changed recently, learn more here.

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

DB:DBSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= R$11.69 * 20.6%
R$2.40
Book Value of Equity per Share Median Book Value from the past 5 years. R$11.69
Discount Rate (Cost of Equity) See below 6.5%
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:DBSA
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 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.598 (1 + (1- 34%) (122.75%))
1.055
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.055 * 5.96%)
6.52%

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

The calculations below outline how an intrinsic value for Banco Santander (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:DBSA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.6% – 6.52%) * R$11.69)
R$1.64
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= R$1.64 / (6.52% - 0.23%)
R$26.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= R$11.69 + R$26.09
R$37.78
DB:DBSA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DBSA represents 0.46338x of BOVESPA:SANB4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.46338x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 37.78 x 0.46338
€17.51
Value per share (EUR) From above. €17.51
Current discount Discount to share price of €10.63
= -1 x (€10.63 - €17.51) / €17.51
39.3%

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

Current Discount
Amount off the current price Banco Santander (Brasil) is available for.
Intrinsic value
39%
Share price is €10.63 vs Future cash flow value of €17.51
Current Discount Checks
For Banco Santander (Brasil) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banco Santander (Brasil)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Banco Santander (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 Santander (Brasil)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco Santander (Brasil)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DBSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in BRL R$1.68
BOVESPA:SANB4 Share Price ** BOVESPA (2019-03-18) in BRL R$22.94
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 14.63x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.52x

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

** Primary Listing of Banco Santander (Brasil).

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

= BOVESPA:SANB4 Share Price ÷ EPS (both in BRL)

= 22.94 ÷ 1.68

13.63x

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

  • Banco Santander (Brasil) is good value based on earnings compared to the DE Banks industry average.
  • Banco Santander (Brasil) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Banco Santander (Brasil)'s expected growth come at a high price?
Raw Data
DB:DBSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
10.1%per year
Europe Banks Industry PEG Ratio Median Figure of 108 Publicly-Listed Banks Companies 0.71x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.63x ÷ 10.1%

1.36x

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

  • Banco Santander (Brasil) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco Santander (Brasil)'s assets?
Raw Data
DB:DBSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in BRL R$12.18
BOVESPA:SANB4 Share Price * BOVESPA (2019-03-18) in BRL R$22.94
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.9x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:DBSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:SANB4 Share Price ÷ Book Value per Share (both in BRL)

= 22.94 ÷ 12.18

1.88x

* Primary Listing of Banco Santander (Brasil).

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

  • Banco Santander (Brasil) is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Banco Santander (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 Santander (Brasil) has a total score of 3/6, 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.

DBSA Future Performance

 How is Banco Santander (Brasil) expected to perform in the next 1 to 3 years based on estimates from 11 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
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco Santander (Brasil) expected to grow at an attractive rate?
  • Banco Santander (Brasil)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Banco Santander (Brasil)'s earnings growth is positive but not above the Germany market average.
  • Banco Santander (Brasil)'s revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DBSA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DBSA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 10.1%
DB:DBSA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 21.5%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:DBSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DBSA 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 74,591 17,064 4
2020-12-31 68,742 15,475 8
2019-12-31 63,603 13,909 6
DB:DBSA Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-12-31 36,950 8,277 12,582
2018-09-30 32,897 28,131 11,314
2018-06-30 34,157 27,499 10,452
2018-03-31 36,619 32,470 9,789
2017-12-31 36,063 50,291 8,924
2017-09-30 33,360 42,865 7,966
2017-06-30 30,033 37,903 7,901
2017-03-31 34,123 22,808 7,492
2016-12-31 35,538 6,749 7,335
2016-09-30 37,102 977 7,394
2016-06-30 29,197 3,872 6,825
2016-03-31 27,386 12,549 9,976

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco Santander (Brasil)'s earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • Banco Santander (Brasil)'s revenue is expected to grow significantly at over 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:DBSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Banco Santander (Brasil) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DBSA 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
2020-12-31
2019-12-31
DB:DBSA Past Financials Data
Date (Data in BRL Millions) EPS *
2018-12-31 1.68
2018-09-30 1.51
2018-06-30 1.39
2018-03-31 1.30
2017-12-31 1.19
2017-09-30 1.06
2017-06-30 1.05
2017-03-31 1.00
2016-12-31 0.98
2016-09-30 0.98
2016-06-30 0.91
2016-03-31 1.32

*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 Santander (Brasil) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Banco Santander (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 Santander (Brasil) has a total score of 4/6, 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.

DBSA Past Performance

  How has Banco Santander (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 Santander (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 Santander (Brasil)'s year on year earnings growth rate has been positive over the past 5 years.
  • Banco Santander (Brasil)'s 1-year earnings growth exceeds its 5-year average (41% vs 18.1%)
  • Banco Santander (Brasil)'s earnings growth has exceeded the DE Banks industry average in the past year (41% vs 5.5%).
Earnings and Revenue History
Banco Santander (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 Santander (Brasil) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DBSA Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 36,949.69 12,582.48 17,919.87
2018-09-30 32,897.11 11,314.01 17,962.29
2018-06-30 34,157.22 10,452.41 17,766.15
2018-03-31 36,618.71 9,788.60 17,411.51
2017-12-31 36,062.64 8,924.06 17,188.99
2017-09-30 33,359.92 7,965.86 16,799.88
2017-06-30 30,032.58 7,901.37 16,425.97
2017-03-31 34,122.65 7,491.66 16,284.36
2016-12-31 35,537.63 7,334.56 15,990.07
2016-09-30 37,101.53 7,393.53 15,919.73
2016-06-30 29,196.87 6,825.34 15,817.23
2016-03-31 27,386.33 9,975.52 15,630.58
2015-12-31 18,535.04 9,783.74 15,416.82
2015-09-30 17,222.39 9,773.84 15,192.56
2015-06-30 22,411.59 9,329.66 15,072.27
2015-03-31 19,385.32 5,849.52 14,868.28
2014-12-31 23,857.79 5,630.02 14,736.18
2014-09-30 23,527.49 3,456.05 14,619.13
2014-06-30 24,471.37 3,541.41 14,513.58
2014-03-31 22,406.43 3,498.75 14,494.41
2013-12-31 22,157.85 3,660.03 14,488.65
2013-09-30 21,808.80 5,080.42 14,318.89
2013-06-30 22,105.10 5,219.83 14,410.43
2013-03-31 22,262.52 5,254.81 14,393.47
2012-12-31 22,543.49 5,427.29 14,432.35
2012-09-30 24,663.15 6,458.77 14,218.31
2012-06-30 22,876.98 6,788.24 13,706.82
2012-03-31 25,096.92 8,462.12 12,155.39

*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 Santander (Brasil) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco Santander (Brasil) used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco Santander (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 Santander (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 Santander (Brasil) has a total score of 4/6, 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.

DBSA Health

 How is Banco Santander (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 Santander (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 Santander (Brasil) Company Filings, last reported 2 months ago.

DB:DBSA Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 91,595.46 214,083.76 95,609.74
2018-09-30 91,680.64 191,746.28 46,035.75
2018-06-30 89,273.56 210,162.40 42,003.26
2018-03-31 88,396.32 204,814.11 42,933.35
2017-12-31 87,087.60 195,009.21 75,706.66
2017-09-30 90,658.37 208,956.22 74,270.06
2017-06-30 88,540.74 228,689.09 76,978.10
2017-03-31 87,953.09 256,057.31 97,397.27
2016-12-31 84,812.56 259,932.46 103,534.44
2016-09-30 88,543.12 248,863.78 77,656.26
2016-06-30 85,770.31 257,645.46 91,122.91
2016-03-31 83,382.88 251,842.51 84,420.32
2015-12-31 79,835.28 253,692.38 85,498.08
2015-09-30 82,164.94 261,648.69 98,230.40
2015-06-30 85,063.88 222,151.49 81,987.58
2015-03-31 79,750.40 208,837.88 70,561.24
2014-12-31 78,683.29 190,714.18 79,632.59
2014-09-30 78,973.95 176,910.04 90,556.70
2014-06-30 78,614.37 161,092.80 65,325.03
2014-03-31 76,942.58 159,053.18 49,863.22
2013-12-31 81,655.30 153,155.65 68,585.06
2013-09-30 81,618.24 152,945.99 36,561.33
2013-06-30 81,037.50 155,575.60 55,228.35
2013-03-31 79,765.50 151,626.80 31,769.13
2012-12-31 79,136.13 143,839.45 51,824.87
2012-09-30 81,102.55 139,670.61 25,852.37
2012-06-30 66,399.93 161,720.14 57,779.97
2012-03-31 66,668.94 151,964.63 42,307.47
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 Santander (Brasil) has an acceptable proportion of non-loan assets held.
  • Banco Santander (Brasil)'s liabilities are made up of primarily higher risk sources of funding.
  • Loans at Banco Santander (Brasil) are broadly funded by customer deposits.
  • Banco Santander (Brasil)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Banco Santander (Brasil) has a low allowance for bad loans.
  • Banco Santander (Brasil) has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco Santander (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 Santander (Brasil) has a total score of 3/6, 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.

DBSA Dividends

 What is Banco Santander (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
4.04%
Current annual income from Banco Santander (Brasil) dividends.
If you bought €2,000 of Banco Santander (Brasil) shares you are expected to receive €81 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 Santander (Brasil)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Banco Santander (Brasil)'s dividend is above the markets top 25% of dividend payers in Germany (3.89%).
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:DBSA 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 11 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 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 3.9%

Industry and Market average data is calculated daily.

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

DB:DBSA Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
DB:DBSA Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2018-12-28 0.926 4.026
2018-06-26 0.896 5.190
2018-02-20 0.882 5.563
2018-01-30 0.882 5.772
2018-01-02 0.882 6.114
2016-12-29 0.733 6.410
2016-10-26 0.140 1.467
2016-07-27 0.140 1.548
2016-04-27 0.000 0.000
2016-03-01 0.863 11.615
2016-01-27 0.863 14.194
2015-10-29 1.698 25.417
2015-04-01 0.213 3.216
2014-03-31 0.333 4.824
2014-01-30 0.333 5.574
2013-04-01 0.370 5.263
2013-01-31 0.370 5.088
2012-01-31 0.439 5.680
2011-01-04 0.489 6.043
2010-02-04 0.237 2.345
2009-10-15 0.246 2.228
2009-03-19 0.908 10.371

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 Santander (Brasil)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Banco Santander (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 Santander (Brasil) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco Santander (Brasil) has a total score of 4/6, see the detailed checks below.


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

DBSA Management

 What is the CEO of Banco Santander (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
Sergio Rial
AGE 58
CEO Bio

Mr. Sergio Agapito Lires Rial serves as the Chief Executive Officer at Banco Santander (Brasil) SA and its Member of Board of Executive Officers. Mr. Rial served as Chairman of Banco Santander Brazil from February 2015 until January 2016 and has been its Head of Brazil since January 1, 2016. Mr. Rial was Chief Executive Officer of Marfrig Global Foods S.A. from January 7, 2014 to February 16, 2015 and served as its Director. He was the Co-President and Co-Chief Executive Officer of BAC North America Holding Company. He was the Vice Chairman and Chief Executive Officer of Banco Bradesco SA until 2017. He was the Chief Financial Officer of Cargill Agricola S.A. since November 2012. He was the Chief Financial Officer of Cargill Meats Thailand Ltd. He was a Director of Cyrela Brazil Realty S.A. from 2010 to August 21, 2015. His professional career includes the posts of Vice-President Executive Officer and World Chief Financial Officer of Cargill, Incorporated until November 30, 2012. From 2002 to April 1, 2004, He was a Senior Managing Partner of Bear Stearns & Co., in New York. He was Officer of ABN AMRO Bank and a Director of ABN AMRO Bank in the Netherlands, as well as a member of the board of Directors of Mosaic Fertilizers. Mr. Rial served as Chief Financial Officer from 2009 to 2011 and Executive Vice President from 2011 to 2012. He has been Vice Chairman of Banco Santander (Brasil) SA since December 31, 2016 and has been its Director since March 3, 2015. He served as a Member of Supervisory Board at LeasePlan Corporation NV. He served as a Director of The Mosaic Company from October 7, 2010 to 2011 and Cargill, Incorporated from 2010 to November 30, 2012. He was also a Director of Moy Park (BondCo) plc until February 15, 2015. He is Co-Chair of the Latin America Conservation Council (The Nature Conservancy). He is Chairman of Getnet Adquirência e Serviços para Meios de Pagamento S.A. and Universia Brasil S.A. and Chief Executive Officer of Santander Cultural. He has been Independent Director of Delta Air Lines, Inc. since December 9, 2014. He has a degree in Law for the Universidade Federal do Rio de Janeiro and in Economics for Universidade Gama Filho, and also has MBA from IBMEC in São Paulo, as well as specializations from Harvard Business School, the Wharton School of Business at the University of Pennsylvania and INSEAD, in France.

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

Sergio Rial

TITLE
Vice Chairman
AGE
58

Angel Martell

TITLE
CFO, Executive VP
AGE
53
TENURE
4.8 yrs

José de Paiva Ferreira

TITLE
Senior VP Executive Officer
AGE
59

José de Machado Filho

TITLE
Executive Officer & Member of the Board of Executive Officers
AGE
50

Ede Viani

TITLE
Officer & Member of the Board of Executive Officers
AGE
51

Reginaldo Ribeiro

TITLE
Officer & Member of the Board of Executive Officers
AGE
49

Ramón Díez

TITLE
Officer & Member of the Board of Executive Officers
AGE
50

Gilberto de Abreu Filho

TITLE
Officer & Member of the Board of Executive Officers
AGE
45

Amancio Gouveia

TITLE
Officer & Member of the Board of Executive Officers
AGE
55

Antonio de Santayana Montes

TITLE
Executive VP & Member of Executive Board
AGE
47
Board of Directors Tenure

Average tenure and age of the Banco Santander (Brasil) board of directors in years:

3.1
Average Tenure
61
Average Age
  • The tenure for the Banco Santander (Brasil) board of directors is about average.
Board of Directors

Álvaro Cardoso de Souza

TITLE
Chairman of the Board
AGE
70
TENURE
2.3 yrs

Sergio Rial

TITLE
Vice Chairman
AGE
58
TENURE
2.3 yrs

José de Paiva Ferreira

TITLE
Senior VP Executive Officer
AGE
59
TENURE
9.1 yrs

Celso Giacometti

TITLE
Independent Director
AGE
75
TENURE
9.1 yrs

Deborah Wright

TITLE
Independent Director
AGE
61
TENURE
2.3 yrs

Deborah Vieitas

TITLE
Independent Director
AGE
61
TENURE
1.7 yrs

José Álvarez Álvarez

TITLE
Director
AGE
58
TENURE
9.5 yrs

Conrado Engel

TITLE
Director
AGE
61
TENURE
6.4 yrs

José Duarte Penido

TITLE
Independent Director
AGE
70
TENURE
2.3 yrs

José Nus Badía

TITLE
Director
AGE
68
TENURE
3.9 yrs
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 Santander (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 Santander (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.

DBSA News

Simply Wall St News

DBSA Company Info

Description

Banco Santander (Brasil) S.A. provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services. The company also provides payment, securities and insurance brokerage, capitalization, buying club management, securitization, credit and recovery management, resource management, and other services. Banco Santander (Brasil) S.A. was incorporated in 1985 and is headquartered in São Paulo, Brazil.

Details
Name: Banco Santander (Brasil) S.A.
DBSA
Exchange: DB
Founded: 1985
R$40,437,814,284
7,471,897,000
Website: http://www.santander.com.br
Address: Banco Santander (Brasil) S.A.
Avenida Presidente Juscelino Kubitschek, 2041 and 2235,
A Block,
São Paulo,
São Paulo, Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA SANB4 Preferred Shares Bolsa de Valores de Sao Paulo BR BRL 06. Mar 2002
NYSE BSBR ADS REP 1 UNIT New York Stock Exchange US USD 07. Oct 2009
BOVESPA SANB11 Units Bolsa de Valores de Sao Paulo BR BRL 07. Oct 2009
BOVESPA SANB3 Ordinary Shares Bolsa de Valores de Sao Paulo BR BRL 03. Apr 2007
DB DBSA ADS REP 1 UNIT Deutsche Boerse AG DE EUR 07. Oct 2009
BMV BSBR N ADS REP 1 UNIT Bolsa Mexicana de Valores MX MXN 07. Oct 2009
Number of employees
Current staff
Staff numbers
48,012
Banco Santander (Brasil) employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 21:13
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.