Banco do Brasil S.A. (BDORY)
OTHER OTC:BDORY
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Banco do Brasil SA
(OTC:BDORY)
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Rating:62Neutral
Price Target:
$5.00
â–²(29.20% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by mixed financial performance—2025 profitability and revenue weakened meaningfully despite improved leverage and strong free cash flow conversion. Valuation is a clear positive with a low P/E and healthy dividend yield, while technicals are moderate due to near-term weakness (below the 20-DMA and RSI in the low 40s) despite longer-term moving averages remaining supportive.
Positive Factors
Improving leverage
The decline in debt-to-equity to about 0.86 indicates materially lower financial leverage versus prior years. That structurally reduces solvency risk, increases capacity for lending or buybacks, and provides a steadier capital base to absorb cyclical credit or market shocks over the next several quarters.
Negative Factors
Profitability deterioration
A sharp decline in net margin more than halves prior profitability levels, signaling pressure on core interest spreads or rising costs/impairments. Persistently lower margins weaken return on equity and limit internal capital generation, constraining reinvestment and payout capacity over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
The decline in debt-to-equity to about 0.86 indicates materially lower financial leverage versus prior years. That structurally reduces solvency risk, increases capacity for lending or buybacks, and provides a steadier capital base to absorb cyclical credit or market shocks over the next several quarters.
Read all positive factors
Banco do Brasil SA (BDORY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.01B
Dividend Yield6.16%
Average Volume (3M)538.52K
Price to Earnings (P/E)9.2
Beta (1Y)0.39
Revenue Growth4.66%
EPS Growth-43.86%
CountryUS
Employees87,101
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.19
Shares Outstanding5,730,834,000
10 Day Avg. Volume353,955
30 Day Avg. Volume538,518
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.66
Price to Sales (P/S)0.36
P/FCF Ratio0.82
Enterprise Value/Market Cap3.94
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit0.70
Enterprise Value/Ebitda8.83
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.79
Revenue Forecast (FY)$29.82B
Banco do Brasil SA Business Overview & Revenue Model
Company Description
Banco do Brasil S.A., together with its subsidiaries, provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company operates through Banking, Investments, Fund Management, Insuranc...
How the Company Makes Money
Banco do Brasil primarily makes money by earning interest income and fees from a broad set of financial products and services. The largest driver is net interest income: it lends to customers (including individuals, small and medium enterprises, l...
Banco do Brasil SA Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted Banco do Brasil's resilience and strategic focus on personal loans and technological advancements. However, significant challenges persist in the agribusiness segment, particularly with high delinquency rates and increased provisions impacting profitability.Positive Updates
Strong Net Profit Amid Challenges
Banco do Brasil achieved a net profit of approximately BRL 20 billion, showcasing resilience despite challenges in the agribusiness sector.
Negative Updates
High Delinquency Rates in Agribusiness Portfolio
The agribusiness segment faced a significant delinquency rate of 5.3%, a historically high level due to challenges in the sector.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Net Profit Amid Challenges
Banco do Brasil achieved a net profit of approximately BRL 20 billion, showcasing resilience despite challenges in the agribusiness sector.
Read all positive updates
Company Guidance
During the call, Banco do Brasil provided guidance on several key financial metrics. The bank adjusted its forecast for the cost of credit to be between BRL 59 billion and BRL 62 billion and projected adjusted profit to range from BRL 18 billion to BRL 21 billion. The bank also discussed its capital strength, with a principal capital ratio of 11.16%, and an ambition to achieve 20% market participation. Additionally, the bank highlighted its efforts to manage delinquency rates, especially in the agribusiness sector, with provisions for credit risk adjustments and a focus on the renegotiation of loans under the BB Regulariza Agro program, leveraging MP 1314. The bank is targeting BRL 24 billion in renegotiated loans as part of this initiative. The discussion also touched on the bank's strategy to navigate regulatory changes and its commitment to generating shareholder value while maintaining a payout ratio of 30% for dividends.Banco do Brasil SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 342.86B | 310.75B | 125.47B | 123.25B | 168.71B |
| Gross Profit | 59.72B | 141.76B | 125.47B | 123.11B | 99.78B |
| EBITDA | 1.01B | 32.82B | 0.00 | 0.00 | 31.12B |
| Net Income | 13.43B | 26.36B | 29.86B | 31.11B | 19.71B |
Balance Sheet | |||||
| Total Assets | 2.46T | 2.40T | 2.15T | 2.03T | 1.93T |
| Cash, Cash Equivalents and Short-Term Investments | 200.87B | 252.07B | 194.53B | 168.68B | 130.12B |
| Total Debt | 163.43B | 170.14B | 142.19B | 155.20B | 171.95B |
| Total Liabilities | 2.26T | 2.21T | 1.98T | 1.87T | 1.79T |
| Stockholders Equity | 189.21B | 179.62B | 169.24B | 160.57B | 142.00B |
Cash Flow | |||||
| Free Cash Flow | 151.89B | 121.46B | 11.71B | 58.10B | -51.10B |
| Operating Cash Flow | 159.25B | 127.21B | 16.74B | 64.69B | -46.19B |
| Investing Cash Flow | -168.39B | -93.49B | 21.64B | -17.88B | -53.28B |
| Financing Cash Flow | -6.84B | -21.36B | -34.34B | -26.98B | -23.78B |
Banco do Brasil SA Technical Analysis
Positive
3.87
Price Trends
4.79
Negative
4.44
Positive
4.16
Positive
Market Momentum
-0.05
Negative
50.15
Neutral
85.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDORY, the sentiment is Positive. The current price of 3.87 is below the 20-day moving average (MA) of 4.59, below the 50-day MA of 4.79, and below the 200-day MA of 4.16, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 50.15 is Neutral, neither overbought nor oversold. The STOCH value of 85.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDORY.
Banco do Brasil SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $26.84B | 11.79 | 19.28% | 4.82% | 8.72% | 27.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $18.18B | 14.56 | 21.25% | 5.56% | -11.64% | -8.75% | |
64 Neutral | $36.77B | 7.99 | 13.55% | 2.48% | 5.89% | 34.68% | |
62 Neutral | $26.01B | 9.24 | 7.45% | 6.16% | 4.66% | -43.86% | |
57 Neutral | $22.38B | 9.97 | 11.15% | 4.98% | 1.13% | -11.93% | |
56 Neutral | $15.44B | 12.58 | 21.37% | 4.29% | 12.43% | 56.30% |
* Financial Sector Average
BDORY
Banco do Brasil SA
4.65
-0.02
-0.51%
BBD
Banco Bradesco SA
3.71
1.65
79.66%
BCH
Banco De Chile
36.28
11.39
45.75%
BSBR
Banco Santander Brasil
6.00
1.67
38.57%
BSAC
Banco Santander Chile
33.12
11.70
54.62%
BAP
Credicorp
337.44
168.76
100.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.