Skip to Content
Morningstar

Bank Bradesco SA ADR BBD

Morningstar Rating
Unlock
Stock XNYS Rating as of
$2.18 −0.02 (1.07%)
View Full Chart
As of Delayed Price Pre-Open: $2.18 0.00
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Banco Bradesco: Reducing Our Fair Value Estimate to $2.90 Per ADR Share

Michael Miller

We are lowering our fair value estimate for no-moat Banco Bradesco from $3.50 per ADR share to $2.90. Around $0.25 of the negative adjustment comes from foreign exchange movements since our last model update. Interest rates in Brazil are declining while interest-rate cut expectations in the US have fallen since the start of the year. This divergence in interest rate policy has placed pressure on the Brazilian real relative to the dollar.

Read Full Report

Price vs Fair Value

View History
BBD is trading at a 518% premium.
Price
$2.18
Fair Value
$3.20
Uncertainty
High
1-Star Price
$6.30
5-Star Price
$9.29
Economic Moat
Ytyx
Capital Allocation
Vynvyyhz

Bulls Say, Bears Say

Bulls

Bradesco's delinquency rates has been declining for over a year now, setting the stage for lower credit costs going forward.

Bears

Bradesco's credit quality and net interest margin have materially underperformed its peers in recent years.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if BBD is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$2.20
Day Range
$2.16–2.20
52-Week Range
$2.16–3.65
Bid/Ask
$2.16 / $2.18
Market Cap
$23.09 Bil
Volume/Avg
861 / 17.0 Mil

Key Statistics

Price/Earnings (Normalized)
8.43
Price/Sales
1.15
Dividend Yield (Trailing)
7.03%
Dividend Yield (Forward)
7.03%
Total Yield
7.03%

Company Profile

Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Value
Total Number of Employees
86,222
Website
https://www.bradescori.com.br

Competitors

Valuation

View More
Metric
BBD
BSAC
ITUB
Price/Earnings (Normalized)
 8.4313.337.23
Price/Book Value
 0.702.061.53
Price/Sales
 1.153.951.83
Price/Cash Flow
 1.5731.623.95
Price/Earnings
BBD
BSAC
ITUB

Financial Strength

Metric
BBD
BSAC
ITUB
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
BBD
BSAC
ITUB
Return on Assets (Normalized)
 0.76%0.82%1.53%
Return on Equity (Normalized)
 8.75%13.59%21.01%
Return on Invested Capital (Normalized)
 ———
Return on Assets
BBD
BSAC
ITUB
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Banks - Regional Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BNP Paribas ADR
BNPQY
XydsdpqnLsj$74.3 Bil
 Intesa Sanpaolo ADR
ISNPY
XlmrqgmgwLznjc$68.4 Bil
 PNC Financial Services Group Inc
PNC
JxfzfnmsJnkzcgq$63.2 Bil
 U.S. Bancorp
USB
XdjcnbwzxQvjd$62.4 Bil
 Mizuho Financial Group Inc ADR
MFG
DzvwxjskGjtww$54.4 Bil
 Truist Financial Corp
TFC
JbmccpznQrtxsrk$52.9 Bil
 Itau Unibanco Holding SA ADR
ITUB
FqmlmsvQtjpt$52.5 Bil
 Lloyds Banking Group PLC ADR
LYG
DgjxbzyqnCvmwzq$43.3 Bil
 NatWest Group PLC ADR
NWG
DdcwdynxqTgzjt$33.3 Bil
 Deutsche Bank AG
DB
HqpzSdrp$32.3 Bil

Sponsor Center