Banco Bradesco S.A.

BME:XBBDC Stock Report

Market Cap: €21.0b

Banco Bradesco Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 XBBDC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€4.13
Fair Value
50.6% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: XBBDC (€2.04) is trading below our estimate of fair value (€4.13)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for XBBDC. This is calculated by dividing XBBDC's market cap by their current earnings.
What is XBBDC's PE Ratio?
PE Ratio9.1x
EarningsR$14.54b
Market CapR$125.75b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for XBBDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.7x
SAB Banco de Sabadell
8.7x-1.7%€13.0b
CABK CaixaBank
7.8x-0.6%€43.2b
BKT Bankinter
7.9x1.6%€7.6b
BBVA Banco Bilbao Vizcaya Argentaria
6.5x-1.3%€62.4b
XBBDC Banco Bradesco
9.1x26.5%€125.7b

Price-To-Earnings vs Peers: XBBDC is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (7.7x).

Price to Earnings Ratio vs Industry

How does XBBDC's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XBBDC 9.1xIndustry Avg. 8.3xNo. of Companies43PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XBBDC is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the European Banks industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is XBBDC'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.

XBBDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.1x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: XBBDC is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 XBBDC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.04
€2.57
+26.2%
11.6%€3.18€2.12n/a13
Jan ’26€1.80
€2.65
+47.0%
10.2%€3.20€2.24n/a13
Dec ’25€1.98
€2.77
+40.1%
7.9%€3.28€2.46n/a13
Nov ’25€2.22
€2.74
+23.4%
8.9%€3.18€2.39n/a13
Oct ’25€2.40
€2.85
+18.7%
8.0%€3.31€2.48n/a13
Sep ’25€2.48
€2.75
+11.0%
8.3%€3.26€2.45n/a13
Aug ’25€2.08
€2.63
+26.2%
7.9%€3.02€2.30n/a14
Jul ’25€2.10
€2.74
+30.4%
8.2%€3.15€2.40n/a13
Jun ’25€2.26
€2.95
+30.5%
7.8%€3.31€2.52n/a11
May ’25€2.58
€2.93
+13.4%
7.6%€3.29€2.51n/a12
Apr ’25€2.66
€2.99
+12.5%
7.5%€3.39€2.58n/a13
Mar ’25€2.58
€3.16
+22.5%
9.8%€3.75€2.63n/a13
Feb ’25€2.82
€3.36
+19.2%
7.2%€3.73€2.99€2.0413
Jan ’25€3.02
€3.34
+10.5%
8.9%€3.91€2.74€1.8013
Dec ’24€3.02
€3.34
+10.5%
8.9%€3.91€2.74€1.9813
Nov ’24€2.64
€3.39
+28.5%
9.3%€3.92€2.80€2.2211
Oct ’24€2.68
€3.57
+33.1%
9.1%€4.05€2.89€2.4011
Sep ’24€2.80
€3.47
+24.0%
8.8%€3.95€2.82€2.4812
Aug ’24€3.12
€3.27
+4.9%
11.8%€3.91€2.60€2.0813
Jul ’24€3.12
€3.50
+12.2%
18.1%€5.28€2.68€2.1014
Jun ’24€2.94
€3.35
+13.8%
19.2%€5.12€2.60€2.2614
May ’24€2.50
€3.30
+32.0%
21.5%€5.08€2.58€2.5815
Apr ’24€2.44
€3.21
+31.4%
21.4%€4.91€2.49€2.6615
Mar ’24€2.34
€3.48
+48.6%
25.5%€5.44€2.54€2.5816
Feb ’24€2.54
€3.84
+51.4%
19.1%€5.40€2.52€2.8216
Analyst Price Target
Consensus Narrative from 13 Analysts
€2.52
Fair Value
19.0% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 19:42
End of Day Share Price 2025/02/07 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.

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 Github.

Analyst Sources

Banco Bradesco S.A. is covered by 34 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Roberto de Aguiar AttuchBarclays
Rafael ReisBB Banco de Investimento S.A.
Mario Lucio PierryBofA Global Research