BANCO BTG PACTUAL S.A. Financials Banco BTG Pactual S.A. Sao Paulo
Equities
BPAC5
BRBPACACNPA0
Investment Banking & Brokerage Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.46 BRL | +1.93% |
|
-6.21% | -13.76% |
| 05-16 | Banco BTG Pactual S.A. announced a financing transaction | CI |
| 05-13 | Transcript : Banco BTG Pactual S.A., Q1 2024 Earnings Call, May 13, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,069 | 51,352 | 99,903 | 114,085 | 180,055 | - | - |
| Enterprise Value (EV) 1 | 41,069 | 51,352 | 99,903 | 114,085 | 196,259 | 197,393 | 198,606 |
| P/E ratio | - | - | 12.7 x | 11.7 x | 11 x | 9.56 x | 8.46 x |
| Yield | 0.59% | 0.45% | 0.62% | - | 2.85% | 3.59% | 5.09% |
| Capitalization / Revenue | 4.93 x | 5.52 x | 7.19 x | 6.61 x | 7.21 x | 6.19 x | 5.33 x |
| EV / Revenue | 4.93 x | 5.52 x | 7.19 x | 6.61 x | 7.85 x | 6.79 x | 5.88 x |
| EV / EBITDA | 8.06 x | 9.23 x | 11.5 x | 11 x | 12.6 x | 11.1 x | 9.72 x |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 3.11 x | 3.19 x | 2.16 x | - | 2.3 x | 2 x | 1.77 x |
| Nbr of stocks (in thousands) | 2,157,861 | 2,185,209 | 4,757,279 | 4,765,474 | 5,228,092 | - | - |
| Reference price 2 | 19.03 | 23.50 | 21.00 | 23.94 | 34.44 | 34.44 | 34.44 |
| Announcement Date | 14/02/20 | 09/02/21 | 16/02/22 | 13/02/23 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,333 | 9,304 | 13,901 | 17,247 | - | 24,986 | 29,068 | 33,798 |
| EBITDA 1 | 5,096 | 5,566 | 8,699 | 10,330 | - | 15,560 | 17,773 | 20,431 |
| EBIT 1 | 4,971 | 5,502 | 8,446 | 9,491 | - | 15,514 | 18,161 | 21,194 |
| Operating Margin | 59.65% | 59.14% | 60.76% | 55.03% | - | 62.09% | 62.48% | 62.71% |
| Earnings before Tax (EBT) 1 | - | - | 8,181 | 9,491 | - | 14,887 | 17,404 | 19,938 |
| Net income 1 | - | - | 6,342 | 7,842 | 9,925 | 11,931 | 14,071 | 15,882 |
| Net margin | - | - | 45.62% | 45.47% | - | 47.75% | 48.41% | 46.99% |
| EPS 2 | - | - | 1.651 | 2.049 | - | 3.143 | 3.604 | 4.073 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1125 | 0.1050 | 0.1300 | - | - | 0.9827 | 1.237 | 1.753 |
| Announcement Date | 14/02/20 | 09/02/21 | 16/02/22 | 13/02/23 | 05/02/24 | - | - | - |
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 | 3,488 | 4,351 | 4,513 | 4,756 | 3,489 | 4,803 | 5,443 | 5,660 | - | 5,891 | 6,099 | 6,328 | 6,599 | 6,665 | 6,594 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 2,216 | 2,440 | 2,766 | 2,944 | 1,607 | 2,681 | 3,302 | 3,292 | - | 3,472 | 3,775 | 3,970 | 4,190 | 4,467 | - |
| Operating Margin | 63.51% | 56.08% | 61.29% | 61.9% | 46.06% | 55.81% | 60.67% | 58.16% | - | 58.94% | 61.9% | 62.74% | 63.5% | 67.02% | - |
| Earnings before Tax (EBT) 1 | 2,149 | 2,440 | 2,570 | 2,736 | 1,745 | 2,681 | 3,057 | 3,292 | - | 3,473 | 3,712 | 3,829 | 4,001 | - | - |
| Net income 1 | 1,744 | 1,943 | 2,067 | 2,188 | 1,644 | 2,133 | 2,441 | 2,623 | 2,728 | 2,774 | 2,970 | 3,063 | 3,201 | - | - |
| Net margin | 50% | 44.65% | 45.8% | 46% | 47.12% | 44.41% | 44.85% | 46.34% | - | 47.09% | 48.7% | 48.4% | 48.51% | - | - |
| EPS 2 | - | 0.5088 | 0.5417 | 0.5702 | 0.4278 | 0.5899 | 1.551 | 0.6882 | - | 0.7297 | 0.7752 | 0.8017 | 0.8338 | 0.8309 | 0.8663 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.2771 | 0.2847 | 0.2923 | - | - |
| Announcement Date | 16/02/22 | 09/05/22 | 09/08/22 | 08/11/22 | 13/02/23 | 08/05/23 | 09/08/23 | 08/11/23 | 05/02/24 | 13/05/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 16,203 | 17,337 | 18,551 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 1.041 x | 0.9755 x | 0.908 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 19.1% | 16.9% | 20.3% | - | - | 23.1% | 22.7% | 22% |
| ROA (Net income/ Total Assets) | - | 1.98% | 2.2% | - | - | 2.33% | 2.4% | 2.48% |
| Assets 1 | - | - | 288,666 | - | - | 511,392 | 585,820 | 640,139 |
| Book Value Per Share 2 | 6.130 | 7.380 | 9.700 | - | - | 15.00 | 17.20 | 19.50 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 14/02/20 | 09/02/21 | 16/02/22 | 13/02/23 | 05/02/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
34.44
BRL
Average target price
42.16
BRL
Spread / Average Target
+22.42%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.33% | 9.56B | |
| +13.59% | 9.35B | |
| +3.19% | 4B | |
| +16.19% | 3.9B | |
| +23.23% | 3.36B | |
| +0.79% | 2.99B | |
| +0.42% | 2.84B | |
| +2.57% | 2.48B | |
| +11.82% | 1.01B |
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