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Banco do Brasil S.A. (BDORY)
:BDORY
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Banco do Brasil SA
(OTC:BDORY)
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Rating:82Outperform
Price Target:―
Banco do Brasil SA demonstrates robust financial performance with significant revenue growth and cash flow generation. The positive technical indicators and attractive valuation further enhance the stock's appeal. Despite minor concerns from the earnings call, such as agribusiness delinquency and conservative fee income guidance, the overall outlook remains strong.
Banco do Brasil SA (BDORY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.23B
Dividend Yield5.61%
Average Volume (3M)927.26K
Price to Earnings (P/E)11.1
Beta (1Y)0.28
Revenue Growth4.66%
EPS Growth-43.86%
CountryUS
Employees87,101
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.13
Shares Outstanding5,730,834,000
10 Day Avg. Volume1,413,336
30 Day Avg. Volume927,264
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)0.75
Price to Sales (P/S)0.43
P/FCF Ratio1.11
Enterprise Value/Market Cap8.97
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit1.64
Enterprise Value/Ebitda15.53
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.67
Revenue Forecast (FY)$27.60B
Banco do Brasil SA Business Overview & Revenue Model
Company DescriptionBanco do Brasil SA (BDORY) is one of the largest financial institutions in Latin America, headquartered in BrasÃlia, Brazil. The bank offers a comprehensive range of financial products and services to individuals, businesses, and government entities. Its core offerings include retail banking, corporate banking, investment banking, asset management, and insurance services. As a state-controlled entity, Banco do Brasil plays a significant role in the Brazilian banking sector, catering to a diverse clientele through its extensive network of branches and digital platforms.
How the Company Makes MoneyBanco do Brasil makes money through various revenue streams, primarily derived from interest income on loans and advances to customers. The bank offers a wide array of loan products, including personal loans, mortgage loans, and credit facilities for businesses, which generate significant interest income. Additionally, Banco do Brasil earns revenue from fees and commissions associated with its retail and corporate banking services, such as account maintenance fees, transaction fees, and advisory services. The bank also generates income through its investment banking operations, including underwriting, trading, and asset management services. Furthermore, Banco do Brasil benefits from its insurance segment, offering a range of insurance products that contribute to its earnings. Strategic partnerships, particularly in the realms of digital banking and financial technology, also enhance its revenue streams by expanding its service offerings and improving operational efficiency.
Banco do Brasil SA Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 12, 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.Q3-2025 Updates
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.
Successful Renegotiation Program
The BB Regulariza Agro program has processed BRL 11.4 billion in loans, with BRL 5.4 billion approved, demonstrating proactive management of agribusiness loan challenges.
Strategic Focus on Personal Loans
Banco do Brasil is focusing on growing its personal loans segment, aiming for a 20% market share, as part of its strategy to improve portfolio returns.
Technological Advancements in Risk Management
The bank is leveraging AI and historical data for better risk management and to prevent future defaults 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.
Increased Provisions Affecting Profitability
The need for higher provisions, including BRL 1.3 billion for specific retail cases, has impacted the bank's profitability.
Guidance Revision for 2025
The bank revised its guidance for adjusted profit to between BRL 18 billion and BRL 21 billion due to ongoing challenges in the agribusiness portfolio.
Continued Challenges with Judicial Recovery Cases
An increase in judicial recovery cases within the agribusiness sector continues to pose challenges, requiring additional provisions.
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
Banco do Brasil SA exhibits strong financial health with robust revenue growth of 30.9% and impressive cash flow generation. The company's low leverage and strong equity position provide stability, although some profitability metrics have slightly declined.Income Statement
Banco do Brasil SA has demonstrated strong revenue growth, increasing from 108,252,660,000 in 2023 to 141,761,442,000 in 2024, indicating a growth rate of 30.9%. The net profit margin for 2024 is 18.6%, slightly lower than the previous year, but still robust. The absence of EBIT and EBITDA margins for 2024 is noted, but the overall revenue trend and profitability remain positive.85
Very Positive
Balance Sheet
The company's strong equity position is evidenced by an equity ratio of 7.5% in 2024. With total debt at zero, the debt-to-equity ratio is exceptionally low, indicating low financial leverage. Return on equity remains solid at 14.7%, though it has declined slightly from the previous year.78
Positive
Cash Flow
Banco do Brasil SA's cash flow statement is impressive, with a significant increase in free cash flow from 11,709,245,000 in 2023 to 121,461,858,000 in 2024, marking a growth rate of 937.9%. The operating cash flow to net income ratio of 4.8 highlights the company's strong cash generation capabilities.92
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 289.06B | 310.75B | 125.47B | 123.25B | 99.78B | 87.33B |
| Gross Profit | 132.11B | 102.27B | 125.47B | 123.11B | 99.78B | 87.33B |
| EBITDA | 13.99B | 32.82B | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 15.85B | 35.44B | 29.86B | 31.11B | 19.71B | 12.70B |
Balance Sheet | ||||||
| Total Assets | 2.44T | 2.40T | 2.15T | 2.03T | 1.93T | 1.73T |
| Cash, Cash Equivalents and Short-Term Investments | 173.87B | 252.07B | 46.79B | 168.68B | 130.12B | 121.39B |
| Total Debt | 445.08B | 231.15B | 1.00T | 155.20B | 172.43B | 183.96B |
| Total Liabilities | 2.25T | 2.21T | 1.98T | 1.87T | 1.79T | 1.60T |
| Stockholders Equity | 181.99B | 179.62B | 169.24B | 160.28B | 142.00B | 124.57B |
Cash Flow | ||||||
| Free Cash Flow | 89.24B | 121.46B | 11.71B | 58.10B | -51.10B | 205.56B |
| Operating Cash Flow | 96.60B | 127.21B | 16.74B | 64.69B | -46.19B | 209.33B |
| Investing Cash Flow | -109.31B | -93.49B | 21.77B | -17.88B | -53.28B | -95.65B |
| Financing Cash Flow | -7.51B | -21.36B | -34.34B | -26.98B | -23.78B | 101.11B |
Banco do Brasil SA Technical Analysis
Positive
3.87
Price Trends
4.11
Positive
3.95
Positive
4.31
Positive
Market Momentum
0.11
Negative
60.22
Neutral
52.06
Neutral
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 4.14, below the 50-day MA of 4.11, and below the 200-day MA of 4.31, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 60.22 is Neutral, neither overbought nor oversold. The STOCH value of 52.06 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $24.23B | 11.12 | 6.81% | 5.61% | 4.66% | -43.86% | |
73 Outperform | $20.19B | 11.38 | 18.12% | 5.49% | 8.72% | 27.70% | |
71 Outperform | $35.97B | 10.39 | 11.78% | 1.80% | 5.89% | 34.68% | |
71 Outperform | $17.69B | 13.82 | 21.29% | 5.82% | -11.64% | -8.75% | |
70 Outperform | $22.78B | 21.60 | 9.34% | 5.28% | 1.13% | -11.93% | |
69 Neutral | $13.55B | 12.10 | 24.13% | 4.56% | 12.43% | 56.30% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
BDORY
Banco do Brasil SA
4.36
0.10
2.35%
BBD
Banco Bradesco SA
3.68
1.44
64.29%
BCH
Banco De Chile
36.13
14.13
64.23%
BSBR
Banco Santander Brasil
6.36
2.13
50.35%
BSAC
Banco Santander Chile
29.15
10.68
57.82%
BAP
Credicorp
253.80
70.79
38.68%
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.