Financials Banco Bradesco S.A. Sao Paulo

Equities

BBDC4

BRBBDCACNPR8

Banks

Market Closed - Sao Paulo 21:07:55 10/05/2024 BST 5-day change 1st Jan Change
13.37 USD -1.43% Intraday chart for Banco Bradesco S.A. -2.98% -21.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 282,075 226,779 171,480 152,508 172,227 134,432 - -
Enterprise Value (EV) 1 282,075 226,779 171,480 152,508 172,227 134,432 134,432 134,432
P/E ratio 12.9 x 13.8 x 8.11 x 7.79 x 12 x 7.19 x 5.9 x 4.39 x
Yield 5.34% 2.45% 4.58% - 5.92% 7.27% 7.6% 8.48%
Capitalization / Revenue 2.63 x 2.1 x 1.57 x 1.31 x 1.45 x 1.1 x 0.99 x 0.91 x
EV / Revenue 2.63 x 2.1 x 1.57 x 1.31 x 1.45 x 1.1 x 0.99 x 0.91 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.17 x 1.67 x 1.27 x 1.02 x 1.09 x 0.87 x 0.79 x 0.71 x
Nbr of stocks (in thousands) 10,690,998 10,690,998 10,658,499 10,658,488 10,642,170 10,619,610 - -
Reference price 2 27.18 22.43 17.46 15.15 17.09 13.37 13.37 13.37
Announcement Date 05/02/20 03/02/21 08/02/22 09/02/23 07/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 107,155 107,996 109,530 116,837 118,717 121,932 135,795 148,001
EBITDA - - - - - - - -
EBIT 1 36,635 28,115 40,162 27,640 17,573 22,587 31,963 39,520
Operating Margin 34.19% 26.03% 36.67% 23.66% 14.8% 18.52% 23.54% 26.7%
Earnings before Tax (EBT) 1 16,179 5,091 30,496 24,210 26,690 20,198 30,214 33,455
Net income 1 22,582 16,546 21,945 20,732 15,122 19,637 24,853 33,126
Net margin 21.07% 15.32% 20.04% 17.74% 12.74% 16.11% 18.3% 22.38%
EPS 2 2.110 1.620 2.155 1.945 1.421 1.860 2.266 3.046
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.450 0.5494 0.8000 - 1.012 0.9722 1.016 1.134
Announcement Date 05/02/20 03/02/21 08/02/22 09/02/23 07/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 29,353 28,958 28,003 28,608 30,228 29,068 30,153 29,595 29,901 28,010 30,005 31,908 32,761 32,167 33,234
EBITDA - - - - - - - - - - - - - - -
EBIT 1 10,283 10,342 9,061 7,047 -99 4,844 4,990 5,240 2,499 4,977 5,259 5,585 5,932 7,825 -
Operating Margin 35.03% 35.71% 32.36% 24.63% -0.33% 16.66% 16.55% 17.71% 8.36% 17.77% 17.53% 17.5% 18.11% 24.33% -
Earnings before Tax (EBT) - - 9,464 - -2,543 - 5,007 2,058 4,253 4,991 - - - - -
Net income 1 3,170 - 7,138 5,211 1,437 4,280 4,518 3,400 1,703 4,211 4,191 4,660 4,801 5,914 6,134
Net margin 10.8% - 25.49% 18.22% 4.75% 14.72% 14.98% 11.49% 5.7% 15.03% 13.97% 14.6% 14.65% 18.39% 18.46%
EPS 2 0.2964 - 0.6400 0.4889 0.1532 0.4016 0.4200 0.3300 0.2690 0.3962 0.3801 0.4352 0.4439 0.5532 0.5738
Dividend per Share 2 0.2546 0.2293 0.2000 0.2200 - - 0.2400 0.2400 0.2300 - 0.2400 0.2600 0.2200 0.1798 0.2008
Announcement Date 08/02/22 05/05/22 04/08/22 08/11/22 09/02/23 04/05/23 03/08/23 09/11/23 07/02/24 02/05/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 20.6% 14.8% 18.1% 13.6% 10% 11% 14.1% 15.8%
ROA (Net income/ Total Assets) 1.71% 1.2% 1.6% 1.21% 0.88% 0.87% 1.23% 1.35%
Assets 1 1,323,177 1,378,833 1,371,562 1,716,751 1,725,822 2,250,254 2,018,967 2,449,214
Book Value Per Share 2 12.50 13.40 13.80 14.90 15.60 15.40 17.00 18.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 05/02/20 03/02/21 08/02/22 09/02/23 07/02/24 - - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
13.37 BRL
Average target price
16.35 BRL
Spread / Average Target
+22.30%
Consensus
  1. Stock Market
  2. Equities
  3. BBDC4 Stock
  4. BBDC4 Stock
  5. Financials Banco Bradesco S.A.