Stock Analysis Report

Executive Summary

Banco do Brasil S.A. provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.



Established dividend payer with adequate balance sheet.

Similar Companies

Share Price & News

How has Banco do Brasil's share price performed over time and what events caused price changes?

Latest Share Price and Events

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: BDOR.Y exceeded the US Banks industry which returned 0% over the past year.

Return vs Market: BDOR.Y exceeded the US Market which returned 6.2% over the past year.

Share holder returns

7 Day-0.09%1.2%0.6%
30 Day-4.0%-2.2%-1.8%
90 Day-18.7%-0.06%-2.0%
1 Year16.7%12.1%2.9%0.03%8.6%6.2%
3 Year50.9%37.8%51.4%40.9%45.7%36.3%
5 Year4.5%-15.5%70.7%52.1%68.5%50.0%

Price Volatility Vs. Market

How volatile is Banco do Brasil's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


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


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: BDOR.Y ($11.15) is trading below our estimate of fair value ($12)

Significantly Undervalued: BDOR.Y is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: BDOR.Y is good value based on its PE Ratio (8.4x) compared to the Banks industry average (12.5x).

PE vs Market: BDOR.Y is good value based on its PE Ratio (8.4x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: BDOR.Y is poor value based on its PEG Ratio (1x)

Price Based on Value of Assets

PB vs Industry: BDOR.Y is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).

Next Steps

Future Growth

How is Banco do Brasil expected to perform in the next 1 to 3 years based on estimates from 14 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: BDOR.Y's forecast earnings growth (8.4% per year) is above the savings rate (2.7%).

Earnings vs Market: BDOR.Y's earnings (8.4% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BDOR.Y's revenue (3.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: BDOR.Y's revenue (3.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: BDOR.Y's Return on Equity is forecast to be low in 3 years time (15.9%).

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: BDOR.Y's earnings have declined by -0.2% per year over the past 5 years.

Accelerating Growth: BDOR.Y's earnings growth over the past year (27.7%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: BDOR.Y earnings growth over the past year (27.7%) underperformed the Banks industry 31.8%.

Return on Equity

High ROE: BDOR.Y's Return on Equity (16.3%) is considered low.

Return on Assets

ROA vs Industry: BDOR.Y's Return on Assets is below or equal to the Banks industry average last year.

Return on Capital Employed

ROCE Improving: Insufficient data to calculate BDOR.Y's Return on Capital Employed to determine if it has improved over the past 3 years.

Next Steps

Financial Health

How is Banco do Brasil'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

Inventory Level: BDOR.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: BDOR.Y's debt is not covered by short term assets (assets are 0.9x debt).

Financial Institutions Analysis

Asset Level: BDOR.Y's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BDOR.Y has a sufficient allowance for bad loans.

Low Risk Liabilities: BDOR.Y's liabilities are made up of primarily higher risk sources of funding.

Loan Level: BDOR.Y has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BDOR.Y's loans are broadly funded by customer deposits.

Level of Bad Loans: BDOR.Y has a high level of bad loans (3.56%)

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: BDOR.Y's dividend (4.1%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: BDOR.Y's dividend (4.1%) is in the top 25% of dividend payers in the US market (3.77%)

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

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

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.7%), BDOR.Y's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: BDOR.Y's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).

Next Steps


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


Average management tenure


Reuben de Freitas Novaes (74yo)




Mr. Reuben de Freitas Novaes has been President and CEO of Banco do Brasil SA since January 2, 2019 and has been its Director since 2019. Mr. de Freitas Novaes serves as Vice Chairman of Banco Votorantim S ...

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: BDOR.Y's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: BDOR.Y's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.

Insider Trading

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

Ownership Breakdown

Management Team

  • Antônio Matos do Vale (68yo)

    Chief of Human Resources

    • Tenure: 0yrs
  • Márcio Ferreira (47yo)

    Chief Wholesale Officer

    • Tenure: 0.8yrs
  • Carlos Vasconcelos Araújo (55yo)

    CFO, Chief of Investor Relations

    • Tenure: 0.8yrs
  • Simão Kovalski (47yo)

    Member of Executive Board

    • Tenure: 0.4yrs
  • Carlos Bonetti (49yo)

    Chief Internal Controls & Risk Management Officer

    • Tenure: 0.8yrs
  • João Rabelo (50yo)

    Chief Government Affairs Officer

    • Tenure: 1.3yrs
  • Reuben de Freitas Novaes (74yo)


    • Tenure: 0.8yrs
  • Ivandré Montiel Silva

    Chief Agribusiness Officer

    • Tenure: 0.8yrs
  • Carlos dos Santos

    Chief Retail Distribution Officer

    • Tenure: 0.8yrs
  • Fábio Augusto Barbosa

    CTO, VP & Member of Executive Board

    • Tenure: 0.8yrs

Board Members

  • Luiz Spinola Santos (72yo)

    Independent Director

    • Tenure: 4.5yrs
  • Luiz Figueiredo (55yo)

    Independent Director

    • Tenure: 0yrs
  • Beny Parnes (60yo)

    Independent Director

    • Tenure: 4.5yrs
  • Paulo Roberto de Lima (62yo)

    Independent Director

    • Tenure: 0.5yrs
  • Aldo Martins Braido (54yo)

    President of Fiscal Council

    • Tenure: 0yrs
  • Fabiano Felix do Nascimento (44yo)

    Employee Representative Director

    • Tenure: 2.5yrs
  • Hélio Magalhães

    Chairman of the Board

    • Tenure: 0.5yrs
  • Reuben de Freitas Novaes (74yo)


    • Tenure: 0.8yrs
  • Débora Cristina Fonseca (32yo)


    • Tenure: 0.5yrs
  • Waldery Júnior (52yo)

    Vice Chairman

    • Tenure: 0.2yrs

Company Information

Banco do Brasil S.A.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Banco do Brasil S.A.
  • Ticker: BDOR.Y
  • Exchange: OTCPK
  • Founded: 1808
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: R$126.033b
  • Listing Market Cap: R$30.788b
  • Shares outstanding: 2.79b
  • Website: https://www.bb.com.br

Number of Employees


  • Banco do Brasil S.A.
  • Setor de Autarquias Norte
  • Quadra 5, Lote B
  • Brasilia
  • Distrito Federal
  • Brazil


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBAS3BOVESPA (Bolsa de Valores de Sao Paulo)YesOrdinary SharesBRBRLJan 1992


Banco do Brasil S.A. provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company’s Banking segment offers various products and services, ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 01:18
End of Day Share Price2019/10/11 00:00
Annual Earnings2018/12/31

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.


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