Financials Banco do Estado do Rio Grande do Sul S.A.

Equities

BRSR6

BRBRSRACNPB4

Banks

Market Closed - Sao Paulo 16:07:48 2024-05-10 EDT 5-day change 1st Jan Change
11.14 BRL -0.45% Intraday chart for Banco do Estado do Rio Grande do Sul S.A. -11.38% -16.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,136 6,208 4,410 4,185 5,555 4,649 - -
Enterprise Value (EV) 1 9,136 6,208 4,410 4,185 5,555 4,649 4,649 4,649
P/E ratio 6.58 x 8.19 x 4.16 x 5.54 x 6.27 x 4.13 x 3.34 x 3.16 x
Yield 11.3% 3.66% 9.68% - - 10.5% 13.3% 14.7%
Capitalization / Revenue 1.21 x 0.86 x 0.65 x 0.62 x 0.72 x 0.53 x 0.48 x 0.45 x
EV / Revenue 1.21 x 0.86 x 0.65 x 0.62 x 0.72 x 0.53 x 0.48 x 0.45 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.14 x 0.71 x 0.44 x - - 0.44 x 0.41 x 0.38 x
Nbr of stocks (in thousands) 408,977 408,974 408,974 408,974 407,772 408,974 - -
Reference price 2 21.65 14.57 9.650 9.700 13.35 11.14 11.14 11.14
Announcement Date 20-02-11 21-02-10 22-02-15 23-02-15 24-02-09 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,568 7,218 6,818 6,752 7,722 8,842 9,587 10,408
EBITDA - - - - - - - -
EBIT 1 2,793 2,774 2,220 - - 1,661 2,003 -
Operating Margin 36.91% 38.43% 32.56% - - 18.78% 20.89% -
Earnings before Tax (EBT) 1 1,599 1,095 1,432 767.8 1,211 1,540 1,959 2,371
Net income 1 1,344 727.5 948.5 714.9 870.1 1,004 1,265 1,491
Net margin 17.77% 10.08% 13.91% 10.59% 11.27% 11.35% 13.19% 14.32%
EPS 2 3.290 1.780 2.320 1.750 2.130 2.695 3.334 3.527
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.443 0.5327 0.9345 - - 1.165 1.481 1.632
Announcement Date 20-02-11 21-02-10 22-02-15 23-02-15 24-02-09 - - -
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 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 1,712 1,689 1,614 1,634 1,674 1,831 1,772 1,925 1,944 2,093 2,161 2,215 2,300
EBITDA - - - - - - - - - - - - -
EBIT 1 503 522.2 440 - - - 543.5 680.3 586.5 302.4 398.3 442.4 517.5
Operating Margin 29.39% 30.92% 27.26% - - - 30.67% 35.33% 30.17% 14.45% 18.43% 19.97% 22.5%
Earnings before Tax (EBT) 1 218.5 366.5 193.5 130.7 172.5 271 258.5 287.3 150.8 333 361 369 488
Net income 1 156.6 247.8 164.1 227.8 71.94 251.1 213 226.3 127.4 205 247 238 285
Net margin 9.15% 14.67% 10.17% 13.95% 4.3% 13.71% 12.02% 11.75% 6.55% 9.79% 11.43% 10.74% 12.39%
EPS 2 0.3800 0.6100 0.4000 0.5600 0.1800 0.6100 0.5200 0.5500 0.3100 0.4580 0.6046 0.5814 0.6976
Dividend per Share 2 0.1900 0.2100 0.3765 0.3300 - - - - 0.1700 0.1100 0.1500 0.1500 0.5600
Announcement Date 21-11-11 22-02-15 22-05-12 22-08-10 22-11-21 23-02-15 23-05-11 23-08-15 23-11-13 - - - -
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) 16.9% 10.2% 11.4% - - 10.9% 12.4% 12.9%
ROA (Net income/ Total Assets) 1.6% 1% 1% - - 0.75% 0.95% 0.96%
Assets 1 84,025 72,748 94,854 - - 134,573 133,251 155,928
Book Value Per Share 2 19.10 20.40 22.10 - - 25.20 27.00 29.20
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 20-02-11 21-02-10 22-02-15 23-02-15 24-02-09 - - -
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
HOLD
Number of Analysts
8
Last Close Price
11.14 BRL
Average target price
14.56 BRL
Spread / Average Target
+30.72%
Consensus
  1. Stock Market
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