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BB Seguridade Participações

OTCPK:BBSE.Y
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BBSE.Y
OTCPK
R$56B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

BB Seguridade Participações S.A. provides insurance, pension plans, premium bonds, and brokerage services in Brazil. The last earnings update was 13 days ago. More info.


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BBSE.Y Share Price and Events
7 Day Returns
-2.9%
OTCPK:BBSE.Y
0.7%
US Insurance
-0.7%
US Market
1 Year Returns
-6.1%
OTCPK:BBSE.Y
7.1%
US Insurance
3%
US Market
BBSE.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BB Seguridade Participações (BBSE.Y) -2.9% -4.2% -11.6% -6.1% -7.6% -46.4%
US Insurance 0.7% 1.6% 6% 7.1% 32.7% 45.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • BBSE.Y underperformed the Insurance industry which returned 7.1% over the past year.
  • BBSE.Y underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
BBSE.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for BB Seguridade Participações's competitors could be found in our database.

Value

 Is BB Seguridade Participações 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 BB Seguridade Participações 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 BB Seguridade Participações.

OTCPK:BBSE.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= R$4.50 * 52.9%
R$2.38
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. R$4.50
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:BBSE.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 34%) (0%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.822 * 5.96%)
7.63%

Discounted Cash Flow Calculation for OTCPK:BBSE.Y using Excess Returns Model Model

The calculations below outline how an intrinsic value for BB Seguridade Participações 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.

OTCPK:BBSE.Y Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (52.9% – 7.63%) * R$4.50)
R$2.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= R$2.04 / (7.63% - 2.73%)
R$41.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= R$4.50 + R$41.58
R$46.08
OTCPK:BBSE.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BBSE.Y represents 0.24443x of BOVESPA:BBSE3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.24443x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 46.08 x 0.24443
$11.26
Value per share (USD) From above. $11.26
Current discount Discount to share price of $6.80
= -1 x ($6.80 - $11.26) / $11.26
39.6%

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

Current Discount
Amount off the current price BB Seguridade Participações is available for.
Intrinsic value
40%
Share price is $6.8 vs Future cash flow value of $11.26
Current Discount Checks
For BB Seguridade Participações to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BB Seguridade Participações's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BB Seguridade Participações'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 BB Seguridade Participações's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BB Seguridade Participações's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BBSE.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in BRL R$1.84
BOVESPA:BBSE3 Share Price ** BOVESPA (2019-05-17) in BRL R$27.82
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 16.69x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of BB Seguridade Participações.

OTCPK:BBSE.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:BBSE3 Share Price ÷ EPS (both in BRL)

= 27.82 ÷ 1.84

15.15x

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

  • BB Seguridade Participações is good value based on earnings compared to the US Insurance industry average.
  • BB Seguridade Participações is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does BB Seguridade Participações's expected growth come at a high price?
Raw Data
OTCPK:BBSE.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
9.8%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:BBSE.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.15x ÷ 9.8%

1.55x

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

  • BB Seguridade Participações is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BB Seguridade Participações's assets?
Raw Data
OTCPK:BBSE.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in BRL R$3.90
BOVESPA:BBSE3 Share Price * BOVESPA (2019-05-17) in BRL R$27.82
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:BBSE.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:BBSE3 Share Price ÷ Book Value per Share (both in BRL)

= 27.82 ÷ 3.90

7.13x

* Primary Listing of BB Seguridade Participações.

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

  • BB Seguridade Participações is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess BB Seguridade Participações'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. BB Seguridade Participações 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.

Future Performance

 How is BB Seguridade Participações expected to perform in the next 1 to 3 years based on estimates from 10 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
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BB Seguridade Participações expected to grow at an attractive rate?
  • BB Seguridade Participações's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • BB Seguridade Participações's earnings growth is positive but not above the United States of America market average.
  • BB Seguridade Participações's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BBSE.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BBSE.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 9.8%
OTCPK:BBSE.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 9.5%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:BBSE.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BBSE.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 6,510 4,808 1
2020-12-31 5,884 4,376 2
2019-12-31 5,371 3,980 2
OTCPK:BBSE.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-03-31 5,003 1,578 3,667
2018-12-31 4,845 1,470 3,540
2018-09-30 4,920 1,753 3,731
2018-06-30 5,044 1,762 4,049
2018-03-31 4,914 1,725 3,943
2017-12-31 5,009 1,654 4,049
2017-09-30 5,219 1,570 4,123
2017-06-30 5,238 1,380 3,919
2017-03-31 5,429 1,861 4,049
2016-12-31 5,383 2,098 4,014
2016-09-30 5,236 1,927 4,046
2016-06-30 5,231 1,636 4,088

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BB Seguridade Participações's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • BB Seguridade Participações's revenue is expected to grow by 9.5% 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
OTCPK:BBSE.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from BB Seguridade Participações Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BBSE.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.42 2.52 2.28 3.00
2020-12-31 2.23 2.29 2.13 4.00
2019-12-31 2.04 2.06 2.00 3.00
OTCPK:BBSE.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2019-03-31 1.84
2018-12-31 1.77
2018-09-30 1.87
2018-06-30 2.03
2018-03-31 1.97
2017-12-31 2.03
2017-09-30 2.06
2017-06-30 1.96
2017-03-31 2.03
2016-12-31 2.01
2016-09-30 2.03
2016-06-30 2.05

*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.
  • BB Seguridade Participações is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess BB Seguridade Participações'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
BB Seguridade Participações has a total score of 3/6, 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.

Past Performance

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

OTCPK:BBSE.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,003.03 3,666.81 94.92
2018-12-31 4,844.75 3,539.55 93.30
2018-09-30 4,919.60 3,730.58 83.13
2018-06-30 5,044.33 4,049.02 82.44
2018-03-31 4,914.01 3,942.94 82.76
2017-12-31 5,009.36 4,049.25 87.38
2017-09-30 5,219.38 4,122.85 96.61
2017-06-30 5,238.05 3,918.56 101.68
2017-03-31 5,428.91 4,048.97 66.50
2016-12-31 5,382.81 4,013.85 96.43
2016-09-30 5,235.59 4,045.89 116.84
2016-06-30 5,231.49 4,087.53 150.21
2016-03-31 5,332.35 4,216.00 244.85
2015-12-31 5,306.18 4,207.43 253.93
2015-09-30 5,444.53 4,334.13 265.28
2015-06-30 5,208.42 4,126.84 268.11
2015-03-31 4,826.71 3,757.08 263.05
2014-12-31 4,498.44 3,456.68 280.18
2014-09-30 4,201.73 3,220.04 287.44
2014-06-30 3,886.22 2,945.59 293.12
2014-03-31 3,531.66 2,650.51 293.24
2013-12-31 3,297.36 2,473.75 277.52
2012-12-31 1,928.97 1,240.11 543.02

*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.
  • BB Seguridade Participações made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • BB Seguridade Participações used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • BB Seguridade Participações's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BB Seguridade Participações'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 Insurance 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.
BB Seguridade Participações has a total score of 3/6, 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.

Health

 How is BB Seguridade Participações's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BB Seguridade Participações's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BB Seguridade Participações is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BB Seguridade Participações's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BB Seguridade Participações'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.
  • Low level of unsold assets.
  • BB Seguridade Participações has no debt, it does not need to be covered by short term assets.
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 BB Seguridade Participações Company Filings, last reported 1 month ago.

OTCPK:BBSE.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,792.06 0.00 2,671.57
2018-12-31 6,830.39 0.00 6,056.25
2018-09-30 10,135.48 0.00 2,888.11
2018-06-30 9,266.10 0.00 3,775.45
2018-03-31 9,795.41 0.00 2,804.17
2017-12-31 8,898.47 0.00 4,118.54
2017-09-30 9,889.84 0.00 2,863.23
2017-06-30 8,682.86 0.00 2,515.27
2017-03-31 9,289.28 0.00 1,595.07
2016-12-31 8,289.07 0.00 2,174.97
2016-09-30 8,980.69 0.00 1,355.76
2016-06-30 7,985.98 0.00 1,999.93
2016-03-31 8,526.39 0.00 1,041.26
2015-12-31 7,580.77 0.00 1,561.13
2015-09-30 8,247.20 0.00 1,181.09
2015-06-30 7,244.38 0.00 2,017.68
2015-03-31 7,758.94 0.00 1,551.19
2014-12-31 7,923.98 0.00 2,094.50
2014-09-30 7,252.73 0.00 1,610.98
2014-06-30 7,273.61 0.00 1,865.60
2014-03-31 6,772.29 0.00 1,156.90
2013-12-31 6,941.27 0.00 1,788.33
2012-12-31 5,636.75 0.00 1,326.60
  • BB Seguridade Participações has no debt.
  • BB Seguridade Participações has not taken on any debt in the past 5 years.
  • BB Seguridade Participações has no debt, it does not need to be covered by operating cash flow.
  • BB Seguridade Participações has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess BB Seguridade Participações'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. BB Seguridade Participações has a total score of 6/6, 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.

Dividends

 What is BB Seguridade Participações'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
5.24%
Current annual income from BB Seguridade Participações dividends. Estimated to be 6.36% next year.
If you bought $2,000 of BB Seguridade Participações shares you are expected to receive $105 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?
  • BB Seguridade Participações's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • BB Seguridade Participações's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
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
OTCPK:BBSE.Y 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 10 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:BBSE.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.99 1.00
2021-12-31 1.96 4.00
2020-12-31 1.78 7.00
2019-12-31 1.60 6.00
OTCPK:BBSE.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-02-11 1.458 5.280
2018-02-19 1.728 6.474
2017-02-13 1.655 5.760
2016-02-22 1.732 6.028
2015-11-10 1.732 6.949
2015-08-11 1.732 6.213
2015-02-10 1.570 4.721
2014-11-04 1.200 3.864
2014-08-12 1.196 3.683
2014-02-12 1.161 4.178
2013-11-12 0.818 3.436
2013-11-11 0.818 3.509
2013-08-12 0.818 3.813

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

  • Whilst dividend payments have been stable, BB Seguridade Participações has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BB Seguridade Participações only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of BB Seguridade Participações's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess BB Seguridade Participações'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 BB Seguridade Participações afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BB Seguridade Participações 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.

Management

 What is the CEO of BB Seguridade Participações'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
Bernardo De Silva Rothe
CEO Bio

Bernardo de Azevedo Silva Rothe is the Chief Executive Officer of BB Seguridade Participações S.A and serves as its President of the Executive Board and serves as its Director.

CEO Compensation
  • Insufficient data for Bernardo De to compare compensation growth.
  • Insufficient data for Bernardo De to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Bernardo De Silva Rothe

TITLE
CEO, President of the Executive Board & Director

José Pereira Coelho

TITLE
President of Executive Board & Director
AGE
52

Werner Süffert

TITLE
CFO, Investor Relations Director & Member of Executive Board
AGE
44

Pedro Bramont

TITLE
Chief Risk Officer & Member of Executive Board

Reinaldo Yokoyama

TITLE
Chief Product Officer & Member of Executive Board
AGE
47

Rafael Sperendio

TITLE
Head of Investor Relations
Board of Directors Tenure

Average tenure and age of the BB Seguridade Participações board of directors in years:

4.1
Average Tenure
52
Average Age
  • The tenure for the BB Seguridade Participações board of directors is about average.
Board of Directors

Marcelo Dutra Labuto

TITLE
President of the Board
AGE
47
TENURE
6.2 yrs

Bernardo De Silva Rothe

TITLE
CEO, President of the Executive Board & Director

Carlos dos Santos

TITLE
Vice Chairman of the Board of Directors
TENURE
0.1 yrs

José Pereira Coelho

TITLE
President of Executive Board & Director
AGE
52
TENURE
4.1 yrs

Isabel da Silva Ramos

TITLE
Independent Director
AGE
43
TENURE
5.5 yrs

Nerylson da Silva

TITLE
Director

Adalberto de Vasconcelos

TITLE
Director
TENURE
1.3 yrs

Arnaldo Vollet

TITLE
Director
AGE
69

Giorgio Bampi

TITLE
Member of Fiscal Council
AGE
71
TENURE
4.1 yrs

Lucinéia Possar

TITLE
Member of Fiscal Council
AGE
52
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 BB Seguridade Participações'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. BB Seguridade Participações 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.

News

Simply Wall St News

Company Info

Description

BB Seguridade Participações S.A. provides insurance, pension plans, premium bonds, and brokerage services in Brazil. It operates in two segments, Insurance and Brokerage. The Insurance segment offers life, property, vehicle, rural, special risks and financial, transport, hooves, and housing insurance. This segment also provides private pension, dental, and capitalization plans, as well as reinsurance products. The Brokerage segment engages in the brokerage, management, fulfillment, promotion, and facilitation of business insurance and reinsurance, casualty and life, capitalization plans, private pension plans, dental plans, and health insurance products. The company was founded in 2012 and is headquartered in Brasilia, Brazil. BB Seguridade Participações S.A. is a subsidiary of Banco do Brasil S.A.

Details
Name: BB Seguridade Participações S.A.
BBSE.Y
Exchange: OTCPK
Founded: 2012
R$13,591,094,586
1,996,601,167
Website: http://www.bancodobrasilseguridade.com.br
Address: BB Seguridade Participações S.A.
Banco do Brasil Building, Asa Norte,
Bloco B, 3rd Floor,
Brasilia,
Distrito Federal, Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA BBSE3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 29. Apr 2013
OTCPK BBSE.Y SPONSORED ADR Pink Sheets LLC US USD 31. Mar 2014
Number of employees
Current staff
Staff numbers
0
BB Seguridade Participações employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:05
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
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.