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ITUB

Itaú Unibanco HoldingNYSE:ITUB Stock Report

Last Price

R$4.22

Market Cap

R$39.6b

7D

-0.2%

1Y

-24.4%

Updated

20 Jan, 2022

Data

Company Financials +
ITUB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends4/6

ITUB Stock Overview

Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally.

Itaú Unibanco Holding Competitors

JPMorgan Chase

NYSE:JPM

US$434.7b

Bank of America

NYSE:BAC

US$369.6b

Citigroup

NYSE:C

US$127.9b

Allianz

XTRA:ALV

€91.8b

Price History & Performance

Summary of all time highs, changes and price drops for Itaú Unibanco Holding
Historical stock prices
Current Share PriceR$4.22
52 Week HighR$6.76
52 Week LowR$3.60
Beta0.96
1 Month Change16.58%
3 Month Change2.18%
1 Year Change-24.37%
3 Year Change-57.16%
5 Year Change-47.86%
Change since IPO224.25%

Recent News & Updates

Jul 23

Itau Unibanco To Report Earnings August 2. Beleza

Itau Unibanco is the result of a 2008 merger between Banco Itau and Unibanco. The Brazilian financial services firm offers commercial & consumer loans along with insurance products. The lender reports earnings on 2 August providing some insights into the health of the Brazilian financial system. All eyes will be peeled for any clues regarding a post-Covid turnaround. We gauge statistical insights into directional risk during the earnings period.

May 04

Itau Unibanco reports Q1 results

Itau Unibanco (ITUB): Q1 Non-GAAP EPS of R$0.65; GAAP EPS of R$0.55.Revenue of R$30.03B (+2.8% Y/Y)Press Release

Apr 30

Itau Unibanco goes ex-dividend on Monday

Itau Unibanco (ITUB) had declared $0.0026/share dividend.Payable June 11; for shareholders of record May 4; ex-div May 3.See ITUB Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

ITUBUS BanksUS Market
7D-0.2%-5.8%-4.6%
1Y-24.4%28.1%7.7%

Return vs Industry: ITUB underperformed the US Banks industry which returned 28.1% over the past year.

Return vs Market: ITUB underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is ITUB's price volatile compared to industry and market?
ITUB volatility
ITUB Average Weekly Movement5.0%
Banks Industry Average Movement3.8%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: ITUB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ITUB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192498,800Milton Filhohttps://www.itau.com.br

Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers various deposit products, as well as loans and credit cards; investment banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

Itaú Unibanco Holding Fundamentals Summary

How do Itaú Unibanco Holding's earnings and revenue compare to its market cap?
ITUB fundamental statistics
Market CapR$213.84b
Earnings (TTM)R$29.15b
Revenue (TTM)R$115.52b

7.8x

P/E Ratio

1.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ITUB income statement (TTM)
RevenueR$115.52b
Cost of RevenueR$0
Gross ProfitR$115.52b
ExpensesR$86.38b
EarningsR$29.15b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)2.98
Gross Margin100.00%
Net Profit Margin25.23%
Debt/Equity Ratio404.2%

How did ITUB perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

15%

Payout Ratio

Does ITUB pay a reliable dividends?

See ITUB dividend history and benchmarks
When do you need to buy ITUB by to receive an upcoming dividend?
Itaú Unibanco Holding dividend dates
Ex Dividend DateFeb 01 2022
Dividend Pay DateMar 14 2022
Days until Ex dividend11 days
Days until Dividend pay date52 days

Does ITUB pay a reliable dividends?

See ITUB dividend history and benchmarks

Valuation

Is Itaú Unibanco Holding undervalued compared to its fair value and its price relative to the market?

34.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ITUB ($4.22) is trading below our estimate of fair value ($6.44)

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


Price To Earnings Ratio

PE vs Industry: ITUB is good value based on its PE Ratio (7.8x) compared to the US Banks industry average (11.2x).

PE vs Market: ITUB is good value based on its PE Ratio (7.8x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: ITUB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: ITUB is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).


Future Growth

How is Itaú Unibanco Holding forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITUB's forecast earnings growth (12.5% per year) is above the savings rate (2%).

Earnings vs Market: ITUB's earnings (12.5% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: ITUB's earnings are forecast to grow, but not significantly.

Revenue vs Market: ITUB's revenue (7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: ITUB's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ITUB's Return on Equity is forecast to be low in 3 years time (19.4%).


Past Performance

How has Itaú Unibanco Holding performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITUB has high quality earnings.

Growing Profit Margin: ITUB's current net profit margins (25.2%) are lower than last year (27.3%).


Past Earnings Growth Analysis

Earnings Trend: ITUB's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: ITUB's earnings growth over the past year (56.8%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: ITUB earnings growth over the past year (56.8%) exceeded the Banks industry 43.6%.


Return on Equity

High ROE: ITUB's Return on Equity (18.6%) is considered low.


Financial Health

How is Itaú Unibanco Holding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ITUB's Assets to Equity ratio (12.9x) is moderate.

Allowance for Bad Loans: ITUB has a low allowance for bad loans (74%).

Low Risk Liabilities: 57% of ITUB's liabilities are made up of primarily higher risk sources of funding.

Loan Level: ITUB has an appropriate level of Loans to Assets ratio (38%).

Low Risk Deposits: ITUB's Loans to Deposits ratio (95%) is appropriate.

Level of Bad Loans: ITUB has a high level of bad loans (6.1%).


Dividend

What is Itaú Unibanco Holding current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 21 2022Ex Dividend DateFeb 01 2022Dividend Pay DateMar 14 202241 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ITUB's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: ITUB's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: ITUB's dividend payments have been volatile in the past 10 years.

Growing Dividend: ITUB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.5%), ITUB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ITUB's dividends in 3 years are forecast to be covered by earnings (51.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Milton Filho (45 yo)

3.17yrs

Tenure

Mr. Milton Maluhy Filho has been Chief Executive Officer of Itaú Unibanco Holding SA since February 02, 2021 and serves as its Member of Executive Board since November 29, 2018. He joined Itaú Unibanco Hol...


Leadership Team

Experienced Management: ITUB's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: ITUB's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Itaú Unibanco Holding S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Itaú Unibanco Holding S.A.
  • Ticker: ITUB
  • Exchange: NYSE
  • Founded: 1924
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: R$213.841b
  • Listing Market Cap: R$39.586b
  • Shares outstanding: 9.78b
  • Website: https://www.itau.com.br

Number of Employees


Location

  • Itaú Unibanco Holding S.A.
  • PraCa Alfredo Egydio de Souza Aranha
  • 100,Torre Olavo Setubal
  • São Paulo
  • São Paulo
  • 04344-902
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:58
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.