Financials Banco Bradesco S.A.

Equities

BBDC4

BRBBDCACNPR8

Banks

End-of-day quote Sao Paulo 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
13.88 BRL +1.61% Intraday chart for Banco Bradesco S.A. +1.76% -18.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,82,075 2,26,779 1,71,480 1,52,508 1,72,227 1,38,758 - -
Enterprise Value (EV) 1 2,82,075 2,26,779 1,71,480 1,52,508 1,72,227 1,38,758 1,38,758 1,38,758
P/E ratio 12.9 x 13.8 x 8.11 x 7.79 x 12 x 8.09 x 6.19 x 4.81 x
Yield 5.34% 2.45% 4.58% - 5.92% 7.07% 7.16% 8.09%
Capitalization / Revenue 2.63 x 2.1 x 1.57 x 1.31 x 1.45 x 1.14 x 1.02 x 0.94 x
EV / Revenue 2.63 x 2.1 x 1.57 x 1.31 x 1.45 x 1.14 x 1.02 x 0.94 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 0.88 x 0.81 x 0.73 x
Nbr of stocks (in thousands) 1,06,90,998 1,06,90,998 1,06,58,499 1,06,58,488 1,06,42,170 1,06,42,170 - -
Reference price 2 27.18 22.43 17.46 15.15 17.09 13.88 13.88 13.88
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 1,07,155 1,07,996 1,09,530 1,16,837 1,18,717 1,22,206 1,35,482 1,47,523
EBITDA - - - - - - - -
EBIT 1 36,635 28,115 40,162 27,640 17,573 22,692 32,278 41,113
Operating Margin 34.19% 26.03% 36.67% 23.66% 14.8% 18.57% 23.82% 27.87%
Earnings before Tax (EBT) 1 16,179 5,091 30,496 24,210 26,690 20,315 30,341 35,775
Net income 1 22,582 16,546 21,945 20,732 15,122 18,081 24,284 30,749
Net margin 21.07% 15.32% 20.04% 17.74% 12.74% 14.8% 17.92% 20.84%
EPS 2 2.110 1.620 2.155 1.945 1.421 1.717 2.241 2.887
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.450 0.5494 0.8000 - 1.012 0.9810 0.9941 1.123
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 Q3 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
Net sales 1 27,671 29,353 28,958 28,003 28,608 30,228 29,068 30,153 29,595 29,901 29,630 30,551 31,449 32,176 32,632
EBITDA - - - - - - - - - - - - - - -
EBIT 1 10,591 10,283 10,342 9,061 7,047 -99 4,844 4,990 5,240 2,499 4,699 5,142 5,708 6,137 -
Operating Margin 38.27% 35.03% 35.71% 32.36% 24.63% -0.33% 16.66% 16.55% 17.71% 8.36% 15.86% 16.83% 18.15% 19.07% -
Earnings before Tax (EBT) 1 - - - 9,464 - -2,543 - 5,007 2,058 4,253 4,278 - - - -
Net income 1 6,648 3,170 - 7,138 5,211 1,437 4,280 4,518 3,400 1,703 4,011 4,191 4,660 4,801 5,914
Net margin 24.03% 10.8% - 25.49% 18.22% 4.75% 14.72% 14.98% 11.49% 5.7% 13.54% 13.72% 14.82% 14.92% 18.12%
EPS 2 0.6546 0.2964 - 0.6400 0.4889 0.1532 0.4016 0.4200 0.3300 0.2690 0.3724 0.3801 0.4352 0.4439 0.5532
Dividend per Share 2 0.0454 0.2546 0.2293 0.2000 0.2200 - - 0.2400 0.2400 0.2300 0.2274 0.2490 0.3006 0.3082 0.1798
Announcement Date 04/11/21 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 - - - - -
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% 11.1% 13.9% 15.7%
ROA (Net income/ Total Assets) 1.71% 1.2% 1.6% 1.21% 0.88% 0.93% 1.22% 1.32%
Assets 1 13,23,177 13,78,833 13,71,562 17,16,751 17,25,822 19,35,363 19,88,024 23,38,350
Book Value Per Share 2 12.50 13.40 13.80 14.90 15.60 15.90 17.10 19.00
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
13.88 BRL
Average target price
16.35 BRL
Spread / Average Target
+17.81%
Consensus
  1. Stock Market
  2. Equities
  3. BBDC4 Stock
  4. Financials Banco Bradesco S.A.