Banco do Brasil S.A. (BDORY)
OTHER OTC:BDORY
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Banco do Brasil SA
(OTC:BDORY)
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Rating:58Neutral
Price Target:
$4.50
â–²(16.28% Upside)
Action:Reiterated
Date:05/19/26
The score is primarily driven by mixed financial performance—strong current cash generation is offset by thin profitability and elevated TTM leverage risk. Technical signals are bearish (below key moving averages with negative MACD), while valuation provides partial support via a strong dividend yield and a moderate P/E.
Positive Factors
Cash Generation
Sustained, large operating and free cash flows (FCF ~246B, FCF growth ~62%) that align closely with reported earnings (~97% of net income) provide durable internal funding for dividends, loan loss provisioning and strategic investments without immediate reliance on volatile wholesale markets.
Negative Factors
Elevated Leverage
A sharp step-up in reported debt-to-equity (~6.25x) materially increases balance-sheet risk and sensitivity to funding markets and interest costs. Higher leverage constrains capital flexibility, raises regulatory and refinancing risk, and reduces the bank's shock-absorption capacity over the medium term.
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Positive Factors
Negative Factors
Cash Generation
Sustained, large operating and free cash flows (FCF ~246B, FCF growth ~62%) that align closely with reported earnings (~97% of net income) provide durable internal funding for dividends, loan loss provisioning and strategic investments without immediate reliance on volatile wholesale markets.
Read all positive factors
Banco do Brasil SA (BDORY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.92B
Dividend Yield6.16%
Average Volume (3M)464.36K
Price to Earnings (P/E)8.6
Beta (1Y)0.42
Revenue Growth16.62%
EPS Growth-41.12%
CountryUS
Employees87,101
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.22
Shares Outstanding5,730,834,000
10 Day Avg. Volume403,638
30 Day Avg. Volume464,355
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 Cap13.04
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit1.87
Enterprise Value/Ebitda27.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.66
Revenue Forecast (FY)$31.34B
Banco do Brasil SA Business Overview & Revenue Model
Company Description
Banco do Brasil S.A. (BDORY) is a prominent financial institution that, through its various subsidiaries, offers a comprehensive range of banking and financial services. Its operations span both Brazil and international territories, serving a dive...
How the Company Makes Money
Banco do Brasil primarily makes money through a mix of net interest income and fee-based income typical of a universal bank.
1) Net interest income (spread income): The bank earns interest and interest-like income from loans and other interest-ea...
Banco do Brasil SA Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 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.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.
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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
62
Positive
Balance Sheet
44
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 359.69B | 342.86B | 310.75B | 125.47B | 123.25B | 168.71B |
| Gross Profit | 145.86B | 59.72B | 141.76B | 125.47B | 123.11B | 99.78B |
| EBITDA | 10.02B | 1.01B | 32.82B | 0.00 | 0.00 | 31.12B |
| Net Income | 12.61B | 13.43B | 26.36B | 29.86B | 31.11B | 19.71B |
Balance Sheet | ||||||
| Total Assets | 2.58T | 2.46T | 2.40T | 2.15T | 2.03T | 1.93T |
| Cash, Cash Equivalents and Short-Term Investments | 140.78B | 200.87B | 252.07B | 194.53B | 168.68B | 130.12B |
| Total Debt | 1.16T | 163.43B | 170.14B | 142.19B | 155.20B | 171.95B |
| Total Liabilities | 2.39T | 2.26T | 2.21T | 1.98T | 1.87T | 1.79T |
| Stockholders Equity | 185.28B | 189.21B | 179.62B | 169.24B | 160.57B | 142.00B |
Cash Flow | ||||||
| Free Cash Flow | 245.99B | 151.89B | 121.46B | 11.71B | 58.10B | -51.10B |
| Operating Cash Flow | 252.70B | 159.25B | 127.21B | 16.74B | 64.69B | -46.19B |
| Investing Cash Flow | -122.22B | -168.39B | -93.49B | 21.64B | -17.88B | -53.28B |
| Financing Cash Flow | -14.08B | -6.84B | -21.36B | -34.34B | -26.98B | -23.78B |
Banco do Brasil SA Technical Analysis
Negative
3.87
Price Trends
4.42
Negative
4.58
Negative
4.30
Negative
Market Momentum
-0.18
Positive
30.22
Neutral
6.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDORY, the sentiment is Negative. The current price of 3.87 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 4.42, and below the 200-day MA of 4.30, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 30.22 is Neutral, neither overbought nor oversold. The STOCH value of 6.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $29.30B | 13.81 | 19.66% | 4.82% | 22.61% | 34.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $15.06B | 13.90 | 20.90% | 4.29% | -3.09% | 2.72% | |
61 Neutral | $19.86B | 15.91 | 20.11% | 5.56% | -7.31% | -7.03% | |
58 Neutral | $20.92B | 8.57 | 6.80% | 6.16% | 16.62% | -41.12% | |
58 Neutral | $19.91B | 15.69 | 11.11% | 4.98% | 17.17% | -1.33% | |
53 Neutral | $34.16B | 9.11 | 13.55% | 2.48% | 28.16% | 28.12% |
* Financial Sector Average
BDORY
Banco do Brasil SA
3.84
-0.04
-1.11%
BBD
Banco Bradesco SA
3.44
0.60
21.13%
BCH
Banco De Chile
39.78
9.80
32.70%
BSBR
Banco Santander Brasil
5.37
0.29
5.73%
BSAC
Banco Santander Chile
32.42
7.92
32.34%
BAP
Credicorp
368.38
159.91
76.71%
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.