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Banco Bradesco

LSE:0HL8
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0HL8
LSE
R$275B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. The last earnings update was 12 days ago. More info.


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0HL8 Share Price and Events
7 Day Returns
0%
LSE:0HL8
1.7%
GB Banks
32.1%
GB Market
1 Year Returns
-14.3%
LSE:0HL8
-12.2%
GB Banks
30.9%
GB Market
0HL8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco Bradesco (0HL8) 0% 0% - -14.3% - -
GB Banks 1.7% 0.1% 6% -12.2% 17.8% -14.4%
GB Market 32.1% 31.6% 40.2% 30.9% 48.1% 12.2%
1 Year Return vs Industry and Market
  • 0HL8 underperformed the Banks industry which returned -12.2% over the past year.
  • 0HL8 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 30.9% over the past year.
Price Volatility
0HL8
Industry
5yr Volatility vs Market

0HL8 Value

 Is Banco Bradesco 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 Bradesco 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 Bradesco.

LSE:0HL8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= R$21.91 * 20.2%
R$4.43
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. R$21.91
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0HL8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
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%) (181.39%))
1.21
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.21 * 5.96%)
8.44%

Discounted Cash Flow Calculation for LSE:0HL8 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco Bradesco 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.

LSE:0HL8 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.2% – 8.44%) * R$21.91)
R$2.58
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= R$2.58 / (8.44% - 1.23%)
R$35.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= R$21.91 + R$35.74
R$57.65
LSE:0HL8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0HL8 represents 0.21646x of BOVESPA:BBDC4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.21646x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 57.65 x 0.21646
$12.48
Value per share (USD) From above. $12.48
Current discount Discount to share price of $9.73
= -1 x ($9.73 - $12.48) / $12.48
22%

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

Current Discount
Amount off the current price Banco Bradesco is available for.
Intrinsic value
22%
Share price is $9.73 vs Future cash flow value of $12.48
Current Discount Checks
For Banco Bradesco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banco Bradesco's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Banco Bradesco'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 Bradesco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco Bradesco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0HL8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in BRL R$2.48
BOVESPA:BBDC4 Share Price ** BOVESPA (2018-12-21) in BRL R$44.95
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.48x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 806 Publicly-Listed Companies 16.06x

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

** Primary Listing of Banco Bradesco.

LSE:0HL8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:BBDC4 Share Price ÷ EPS (both in BRL)

= 44.95 ÷ 2.48

18.14x

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

  • Banco Bradesco is overvalued based on earnings compared to the GB Banks industry average.
  • Banco Bradesco is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Banco Bradesco's expected growth come at a high price?
Raw Data
LSE:0HL8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
19.1%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 13 Publicly-Listed Banks Companies 0.69x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

LSE:0HL8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.14x ÷ 19.1%

0.95x

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

  • Banco Bradesco is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco Bradesco's assets?
Raw Data
LSE:0HL8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in BRL R$18.57
BOVESPA:BBDC4 Share Price * BOVESPA (2018-12-21) in BRL R$44.95
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.83x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,359 Publicly-Listed Companies 1.53x
LSE:0HL8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:BBDC4 Share Price ÷ Book Value per Share (both in BRL)

= 44.95 ÷ 18.57

2.42x

* Primary Listing of Banco Bradesco.

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

  • Banco Bradesco is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Banco Bradesco'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 Bradesco has a total score of 2/6, 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.

0HL8 Future Performance

 How is Banco Bradesco 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
19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco Bradesco expected to grow at an attractive rate?
  • Banco Bradesco's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Banco Bradesco's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Banco Bradesco's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0HL8 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0HL8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 19.1%
LSE:0HL8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 16.3%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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
LSE:0HL8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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.
LSE:0HL8 Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 122,570 30,132 3
2020-12-31 115,597 27,586 5
2019-12-31 106,068 24,023 6
LSE:0HL8 Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-12-31 71,911 -74,407 16,584
2018-09-30 56,375 -91,204 17,796
2018-06-30 58,153 -70,575 15,670
2018-03-31 61,245 -34,979 15,054
2017-12-31 73,920 -5,258 17,089
2017-09-30 75,515 47,360 14,458
2017-06-30 70,667 55,672 14,810
2017-03-31 76,227 86,465 15,033
2016-12-31 80,555 27,397 17,894
2016-09-30 78,637 10,291 16,788
2016-06-30 65,956 -52,569 17,671
2016-03-31 61,568 -79,458 18,010

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco Bradesco's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).
  • Banco Bradesco's revenue is expected to grow by 16.3% 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
LSE:0HL8 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 13 Analyst Estimates (S&P Global) See Below

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

LSE:0HL8 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 4.59 4.93 4.26 2.00
2020-12-31 4.12 4.49 3.63 3.00
2019-12-31 3.60 3.97 3.35 6.00
LSE:0HL8 Past Financials Data
Date (Data in BRL Millions) EPS *
2018-12-31 2.48
2018-09-30 2.66
2018-06-30 2.34
2018-03-31 2.25
2017-12-31 2.55
2017-09-30 2.16
2017-06-30 2.21
2017-03-31 2.25
2016-12-31 2.67
2016-09-30 2.51
2016-06-30 2.64
2016-03-31 2.75

*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 Bradesco is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Banco Bradesco'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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 Bradesco 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.

0HL8 Past Performance

  How has Banco Bradesco 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 Bradesco'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 Bradesco's year on year earnings growth rate has been positive over the past 5 years.
  • Banco Bradesco's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Banco Bradesco's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Banco Bradesco'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 Bradesco Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0HL8 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 71,911.02 16,583.92 38,151.51
2018-09-30 56,375.47 17,795.78 36,371.24
2018-06-30 58,152.69 15,670.09 38,398.80
2018-03-31 61,244.72 15,053.79 38,585.98
2017-12-31 73,919.84 17,089.36 40,088.32
2017-09-30 75,515.42 14,457.90 38,544.66
2017-06-30 70,667.46 14,810.44 37,155.33
2017-03-31 76,226.69 15,032.85 35,516.96
2016-12-31 80,554.61 17,894.25 35,087.78
2016-09-30 78,637.31 16,787.76 32,647.76
2016-06-30 65,955.78 17,670.86 30,852.73
2016-03-31 61,567.85 18,010.33 30,067.26
2015-12-31 51,508.87 18,132.91 28,942.36
2015-09-30 45,442.39 17,056.38 28,328.62
2015-06-30 54,052.11 16,811.37 27,273.31
2015-03-31 52,882.93 16,115.75 27,768.45
2014-12-31 57,373.80 15,314.94 27,830.58
2014-09-30 52,763.75 14,559.63 26,889.01
2014-06-30 54,408.11 13,749.01 26,575.21
2014-03-31 49,755.44 12,919.98 25,868.55
2013-12-31 47,905.11 12,395.92 25,919.28
2013-09-30 52,174.93 11,735.52 25,562.54
2013-06-30 51,340.54 11,533.90 25,245.21
2013-03-31 50,511.63 11,418.15 24,933.18
2012-12-31 49,570.91 11,291.57 24,702.60
2012-09-30 48,712.45 11,143.35 24,818.14
2012-06-30 44,517.68 11,096.13 24,424.12
2012-03-31 45,234.58 11,048.55 23,745.11

*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 Bradesco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco Bradesco used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco Bradesco 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 Bradesco'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 Bradesco has a total score of 2/6, 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.

0HL8 Health

 How is Banco Bradesco'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 Bradesco'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 Bradesco Company Filings, last reported 2 months ago.

LSE:0HL8 Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 124,676.12 499,500.62 133,270.67
2018-09-30 116,282.42 488,125.43 242,203.05
2018-06-30 113,639.97 466,691.82 238,128.85
2018-03-31 114,374.90 483,634.26 257,374.22
2017-12-31 117,693.70 516,346.33 279,525.88
2017-09-30 110,855.22 498,716.31 272,080.19
2017-06-30 107,280.38 490,029.19 261,798.00
2017-03-31 105,045.53 518,050.66 245,862.37
2016-12-31 100,891.22 517,029.03 269,870.95
2016-09-30 98,985.95 525,434.44 244,778.96
2016-06-30 96,772.23 465,736.85 225,589.31
2016-03-31 93,751.84 460,109.99 212,578.78
2015-12-31 90,914.76 479,677.59 202,240.74
2015-09-30 87,713.04 491,882.21 225,196.56
2015-06-30 88,452.11 492,744.14 244,193.39
2015-03-31 85,437.02 498,056.58 261,186.49
2014-12-31 82,291.81 410,131.77 147,223.68
2014-09-30 79,731.76 471,198.86 250,509.99
2014-06-30 77,286.49 419,739.61 206,905.82
2014-03-31 73,875.27 411,684.43 204,092.05
2013-12-31 72,102.93 343,760.18 163,287.98
2013-09-30 67,625.03 404,686.48 200,438.57
2013-06-30 66,609.52 409,129.43 188,180.63
2013-03-31 70,046.70 412,734.30 93,214.96
2012-12-31 71,346.39 316,593.76 192,456.12
2012-09-30 66,633.15 383,400.72 171,550.73
2012-06-30 64,506.98 362,685.67 169,746.82
2012-03-31 58,689.32 342,349.66 155,803.23
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 Bradesco has an acceptable proportion of non-loan assets held.
  • Banco Bradesco's liabilities are made up of primarily higher risk sources of funding.
  • Loans at Banco Bradesco are broadly funded by customer deposits.
  • Banco Bradesco's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banco Bradesco has a low allowance for bad loans.
  • Banco Bradesco has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco Bradesco'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 Bradesco 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.

0HL8 Dividends

 What is Banco Bradesco'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
2.32%
Current annual income from Banco Bradesco dividends. Estimated to be 4.32% next year.
If you bought $2,000 of Banco Bradesco shares you are expected to receive $46 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 Bradesco's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Banco Bradesco's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.17%).
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
LSE:0HL8 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
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 704 Stocks 4%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0HL8 Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.34 4.00
2020-12-31 2.04 7.00
2019-12-31 1.57 6.00
LSE:0HL8 Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-03-08 1.043 2.316
2019-01-31 1.043 2.347
2017-12-21 0.207 0.633
2017-06-20 2.070 7.004
2017-03-01 0.578 2.201
2017-02-02 0.578 2.148
2016-03-07 0.952 4.172
2016-01-28 0.952 6.233
2015-04-01 0.796 4.390
2015-01-29 0.796 3.547
2014-04-01 0.641 2.905
2014-01-29 0.641 3.750
2013-02-06 0.620 3.256
2012-01-06 0.608 3.308
2012-01-04 0.142 0.792
2011-10-17 0.109 0.634
2011-09-21 0.109 0.689
2011-08-19 0.100 0.624
2011-07-18 0.100 0.625
2011-06-21 0.100 0.572
2011-05-18 0.100 0.574
2011-04-18 0.100 0.562
2011-03-21 0.100 0.544
2011-02-14 0.100 0.560
2011-01-24 0.100 0.571
2010-12-20 0.100 0.536
2010-09-20 0.100 0.509
2010-08-16 0.100 0.563
2010-07-20 0.100 0.559
2010-05-17 1.146 7.320
2010-03-16 0.090 0.546
2010-01-28 0.475 2.906
2009-10-22 0.082 0.478
2009-08-21 0.082 0.520
2009-07-24 0.082 0.579
2009-04-24 0.082 0.607
2009-03-23 0.082 0.703

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 Bradesco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Banco Bradesco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Bradesco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco Bradesco 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.

0HL8 Management

 What is the CEO of Banco Bradesco'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
Octavio de Lazari
AGE 55
TENURE AS CEO 1 years
CEO Bio

Mr. Octavio de Lazari, Jr. has been the Chief Executive Officer and Member of Board of Executive Officers at Banco Bradesco SA since March 13, 2018 and served as its Executive Vice President since May 2017 until March 13, 2018. Mr. de Lazari serves as a Member of the Managing Body of Fundação Bradesco. He served as Managing Officer of Kirton Bank S.A. – Banco Múltiplo from August 21, 2017 to April 30, 2018. In May 2017, he was appointed as Vice-President of Banco Bradesco SA and Chief Executive Officer of Bradesco Seguros SA, Bradesco SegPrev Investimentos Ltda., BSP Empreendimentos Imobiliários SA and Bradseg Participações SA, in addition, he assumed leadership positions at Bradesco´s Insurance Group. He started his career at Banco Bradesco S.A. in September 1978. He served as Department Officer, Department Director & Officer of Banco Bradesco S.A. He served as a Deputy Officer of Banco Bradesco S.A. from January 2012 to February 2015. He was elected Executive Deputy Officer in January 2012, Executive Managing Officer from February 2015 to May 19, 2017. He serves as President of the Boards of Directors of Europ Assistance Brasil, EABS S.A. and CEABS S.A. He served as Chairman of the Board of Directors of Associação Brasileira das Entidades de Crédito Imobiliário e Poupança – ABECIP (Brazilian Association of Housing Finance and Savings Entities) from December 8, 2011 to November 6, 2015. He has been Vice-Chairman at Odontoprev S.A. since June 2017. He serves as Member of the Advisory Council of FIABCI/BRASIL – Capítulo Nacional Brasileiro da Federação Internacional das Profissões Imobiliárias (Brazilian National Chapter of the International Federation of Real Estate Professions). He serves as a Member of NAT – Núcleo de Altos Temas. He serves as a Director of Bradesco Saúde SA. He serves as Counselor of CIBRASEC. He serves as a Director of the National Confederation of General Insurance Companies, Private Pension and Life, Supplementary Health and Capitalization (CNseg). He served as a Director of IRB-Brasil Resseguros S.A. from June 8, 2017 to February 2018. He served as Effective Member of the Board of Directors of CIBRASEC - Companhia Brasileira de Securitizacao (Brazilian Securities Company). He served as Member of the Council of Representatives of Confederação Nacional das Instituições Financeiras - CNF (Brazilian Confederation of Financial Institutions). He served as Sectorial Officer of Real Estate Credit and Savings and Vice President of the Portability Governance of Credit Operations Committee of FEBRABAN - Federação Brasileira de Bancos (Brazilian Federation of Banks). He studied specializations in: Financial Management from Fundação Getulio Vargas – FGV and Strategies in Finance from Fundação Dom Cabral. He completed AMP - Advanced Management Program from IESE Business School - University of Navarra, São Paulo. Mr. de Lazari holds degree in Economics Sciences from Faculdade de Ciências Econômicas e Administrativas de Osasco. He holds MBA in Financial Strategies and Marketing from Universidade de São Paulo. He served as Managing Officer at Banco Bradescard S.A. from August 15, 2017 to April 25, 2018. He served as Managing Officer at BEM - Distribuidora de Títulos e Valores Mobiliários Ltda. from August 21, 2017 to April 30, 2018. He served as Vice-President at Bradesco Administradora de Consórcios Ltda. from August 21, 2017 to April 30, 2018.

CEO Compensation
  • Insufficient data for Octavio to compare compensation growth.
  • Insufficient data for Octavio to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

1
Average Tenure
54
Average Age
  • The average tenure for the Banco Bradesco management team is less than 2 years, this suggests a new team.
Management Team

Octavio de Lazari

TITLE
CEO & Member of Board of Executive Officers
AGE
55
TENURE
1 yrs

Carlos Rodrigues Guilherme

TITLE
Vice Chairman & Secretary
AGE
75
TENURE
1 yrs

André Rodrigues Cano

TITLE
CFO, Executive VP
AGE
60

Cassiano Scarpelli

TITLE
Executive VP & Member of Board of Executive Officers
AGE
50

Luiz Brandão Cavalcanti

TITLE
Executive Deputy Officer & Member of the Board of Executive Officers
AGE
56
TENURE
2.2 yrs

Moacir Nachbar

TITLE
Chief Risk Officer
AGE
53

Marcelo de Noronha

TITLE
EVP & Member of Board of Executive Officers
AGE
53

Antonio da Barbara

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

José Rocha Neto

TITLE
Executive Deputy Officer and Member of Board of Executive Officers
AGE
50

João Carlos da Silva

TITLE
Member of Board of Executive Officers & Executive Managing Officer
AGE
57
Board of Directors Tenure

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

1.4
Average Tenure
59.5
Average Age
  • The average tenure for the Banco Bradesco board of directors is less than 3 years, this suggests a new board.
Board of Directors

Luiz Trabuco Cappi

TITLE
Chairman of the Board
AGE
67
TENURE
1.4 yrs

Carlos Rodrigues Guilherme

TITLE
Vice Chairman & Secretary
AGE
75
TENURE
1.4 yrs

Alexandre da Silva Glüher

TITLE
External Director
AGE
58
TENURE
1 yrs

Milton Matsumoto

TITLE
External Director
AGE
73
TENURE
8 yrs

Ariovaldo Pereira

TITLE
Coordinator of Fiscal Council
AGE
66

João Alvarez

TITLE
Director
AGE
58
TENURE
29.1 yrs

Denise Alvarez

TITLE
Director
AGE
60
TENURE
29.1 yrs

Josué Pancini

TITLE
Director
AGE
58
TENURE
1 yrs

Maurício de Minas

TITLE
Director
AGE
59
TENURE
1 yrs

Nairo José Vidal Júnior

TITLE
Director
AGE
49
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 Bradesco'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 Bradesco 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.

0HL8 News

Simply Wall St News

0HL8 Company Info

Description

Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes. Its loan products include personal and payroll-deductible, vehicle financing, and overdraft loans; housing loans; government-funded long-term loans; short-term loans, working capital loans, guaranteed checking accounts and corporate overdraft loans, financing for purchase and sale of goods and services, and investment lines for acquisition of assets and machinery, as well as discounting trade receivables, promissory notes, checks, credit card and supplier receivables, etc.; rural credit; and import and export financing. The company also offers credit cards; cash management solutions; services related to capital markets and investment banking activities, including project finance, mergers and acquisitions, structured operations, fixed income, and variable income; and life and personal accident, health, automobile, property/casualty, and liability insurance products; reinsurance products; pension plans; and capitalization bonds. In addition, it provides public authority, leasing, asset management and administration, intermediation and trading, international banking, foreign exchange, consortia, automatic teller machines, telephone, and Internet Banking services. The company operates through a network of 4,749 branches; 4,827 service centers and electronic in-company service centers; 35,590 active ATMs; 21,259 ATMs under the Banco24Horas brand; and 3 branches internationally. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.

Details
Name: Banco Bradesco S.A.
0HL8
Exchange: LSE
Founded: 1943
R$72,658,403,104
6,693,580,972
Website: http://www.bradesco.com.br
Address: Banco Bradesco S.A.
Cidade de Deus,
Vila Yara,
Osasco,
São Paulo, 06029-900,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA BBDC4 Preferred Shares Bolsa de Valores de Sao Paulo BR BRL 06. Nov 1992
DB BRE Preferred Shares Deutsche Boerse AG DE EUR 06. Nov 1992
BME XBBDC Preferred Shares Bolsas y Mercados Espanoles ES EUR 06. Nov 1992
NYSE BBDO SPONSORED ADR New York Stock Exchange US USD 13. Mar 2012
NYSE BBD SPONS ADR EACH REPR 1 PRF NPV New York Stock Exchange US USD 21. Nov 2001
BOVESPA BBDC3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 06. Nov 1992
DB BREC SPONS ADR EACH REPR 1 PRF NPV Deutsche Boerse AG DE EUR 21. Nov 2001
LSE 0HL8 SPONS ADR EACH REPR 1 PRF NPV London Stock Exchange GB USD 21. Nov 2001
BMV BBD N SPONS ADR EACH REPR 1 PRF NPV Bolsa Mexicana de Valores MX MXN 21. Nov 2001
Number of employees
Current staff
Staff numbers
98,605
Banco Bradesco employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 22:30
End of day share price update: 2018/12/21 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/03/08
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.