Banco Z Score

BBD Stock

USD 2.41 0.03 1.26%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Banco Bradesco Piotroski F Score and Banco Bradesco Valuation analysis. For information on how to trade Banco Stock refer to our How to Trade Banco Stock guide.

The current year Market Capitalization is expected to grow to about 37.8 B, whereas Capital Expenditure is forecasted to decline to (779.5 M). The current year Income Tax Expense is expected to grow to about 9.2 B, whereas Consolidated Income is forecasted to decline to about 24 B.

Banco Z Score Analysis

Banco Bradesco's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

	2020	2021	2022	2023 (projected)
Net Income	15.84 B	23.17 B	26.65 B	23.79 B
Gross Profit	57.43 B	76.4 B	87.85 B	86.2 B

Net Income Gross Profit

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

Total Assets )

Second Factor

1.4 * (

Retained Earnings

Total Assets )

Thrid Factor

3.3 * (

EBITAD

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

Total Assets )

Banco Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Banco Bradesco is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Banco Bradesco's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Banco Bradesco's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Banco Bradesco's interrelated accounts and indicators.

To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Competition

Predict Banco Bradesco

In accordance with the company's disclosures, Banco Bradesco SA has a Z Score of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Banco Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Banco Bradesco's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Banco Bradesco could also be used in its relative valuation, which is a method of valuing Banco Bradesco by comparing valuation metrics of similar companies.

Banco Bradesco is currently under evaluation in z score category among related companies.

Banco Bradesco Current Valuation Drivers

We derive many important indicators used in calculating different scores of Banco Bradesco from analyzing Banco Bradesco's financial statements. These drivers represent accounts that assess Banco Bradesco's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Banco Bradesco's important valuation drivers and their relationship over time.

	2018	2019	2020	2021	2022	2023 (projected)
Average Assets	1,264.95 B	1,342.04 B	1,491.59 B	1,640.11 B	1,886.13 B	1,658.4 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	24.09 B	19.1 B	9.8 B	38.42 B	44.18 B	36.24 B
Earnings Before Interest Taxes and Depreciation Amortization USD	6.21 B	4.77 B	1.88 B	6.9 B	6.21 B	6.07 B
Earnings before Tax	19.28 B	13.23 B	3.88 B	32.64 B	37.54 B	30.34 B
Average Equity	120.84 B	129.69 B	140.36 B	147.7 B	169.85 B	150.08 B
Enterprise Value	51.16 B	63.04 B	46.61 B	35.17 B	31.66 B	36.69 B
Free Cash Flow	(8.53 B)	(21.27 B)	141.43 B	(102.62 B)	(92.36 B)	(94.79 B)
Invested Capital	1,301.72 B	1,386.92 B	1,617.33 B	1,698.3 B	1,953.04 B	1,710.69 B
Invested Capital Average	1,239.16 B	1,344.32 B	1,502.12 B	1,657.82 B	1,906.49 B	1,655.76 B
Market Capitalization	60.18 B	59.91 B	42.25 B	30.38 B	27.34 B	37.83 B
Tangible Asset Value	1,289.42 B	1,363.8 B	1,589.98 B	1,660.66 B	1,909.76 B	1,691.33 B

Banco Bradesco Institutional Holders

Institutional Holdings refers to the ownership stake in Banco Bradesco that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Banco Bradesco's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Banco Bradesco's value.

	Last Transaction	Type	Shares	Value
Sprucegrove Investment Management Ltd	2022-12-31	Common Shares	83.5 M	240.6 M
Abrdn Plc	2022-12-31	Common Shares	67.2 M	193.5 M
Baillie Gifford Co	2022-12-31	Common Shares	56.6 M	163 M
Ubs Asset Management Americas Inc	2022-09-30	Common Shares	41.7 M	153.6 M
Franklin Resources Inc	2022-12-31	Common Shares	52.7 M	151.7 M
National Bank Of Canada	2022-12-31	Common Shares	49.1 M	141.5 M
Blackrock Inc	2022-12-31	Common Shares	48.6 M	139.9 M
Pendal Group Ltd	2022-12-31	Common Shares	35.6 M	102.6 M
Ninety One Uk Ltd	2022-09-30	Common Shares	21.6 M	79.7 M
Goldman Sachs Group Inc	2022-12-31	Common Shares	26.9 M	77.4 M
Fisher Asset Management Llc	2022-12-31	Common Shares	22.9 M	66.1 M

Banco Fundamentals

	Return On Equity	0.14 %
	Return On Asset	0.0122 %
	Profit Margin	0.24 %
	Operating Margin	0.27 %
	Current Valuation	124.1 B
	Shares Outstanding	10.64 B
	Shares Owned by Insiders	0.009 %
	Shares Owned by Institutions	16.47 %
	Number of Shares Shorted	53.14 M
	Price to Earning	9.53 X
	Price to Book	0.93 X
	Price to Sales	0.29 X
	Revenue	109 B
	Gross Profit	84.47 B
	EBITDA	160.95 B
	Net Income	24.21 B
	Cash and Equivalents	175.92 B
	Cash per Share	16.50 X
	Total Debt	84.87 B
	Debt to Equity	9.60 %
	Book Value Per Share	14.87 X
	Cash Flow from Operations	41.77 B
	Short Ratio	1.78 X
	Earnings Per Share	0.36 X
	Price to Earnings To Growth	0.90 X
	Target Price	3.4
	Number of Employees	75.59 K
	Beta	0.6
	Market Capitalization	25.65 B
	Total Asset	1799.62 B
	Retained Earnings	488.12 M
	Annual Yield	0.08 %
	Five Year Return	2.54 %
	Net Asset	1799.62 B
	Last Dividend Paid	0.62

About Banco Bradesco Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Banco Bradesco SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Banco Bradesco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Banco Bradesco SA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. Banco Bradesco S.A. operates as a subsidiary of Cidade de Deus - Companhia Comercial de Participaes. Banco Bradesco operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 88129 people.

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Our tools can tell you how much better you can do entering a position in Banco Bradesco without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Banco Bradesco

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Banco Bradesco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Banco Bradesco will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Banco Bradesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Bradesco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Banco Bradesco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Banco Bradesco SA to buy it.

The correlation of Banco Bradesco is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Bradesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bradesco SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Banco Bradesco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out Banco Bradesco Piotroski F Score and Banco Bradesco Valuation analysis. For information on how to trade Banco Stock refer to our How to Trade Banco Stock guide. Note that the Banco Bradesco SA information on this page should be used as a complementary analysis to other Banco Bradesco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Banco Stock analysis

When running Banco Bradesco SA price analysis, check to measure Banco Bradesco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Banco Bradesco is operating at the current time. Most of Banco Bradesco's value examination focuses on studying past and present price action to predict the probability of Banco Bradesco's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Banco Bradesco's price. Additionally, you may evaluate how the addition of Banco Bradesco to your portfolios can decrease your overall portfolio volatility.

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Is Banco Bradesco's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banco Bradesco. If investors know Banco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banco Bradesco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.87)

Dividend Share

0.622

Earnings Share

0.36

Revenue Per Share

8.048

Quarterly Revenue Growth

(0.37)

The market value of Banco Bradesco SA is measured differently than its book value, which is the value of Banco that is recorded on the company's balance sheet. Investors also form their own opinion of Banco Bradesco's value that differs from its market value or its book value, called intrinsic value, which is Banco Bradesco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banco Bradesco's market value can be influenced by many factors that don't directly affect Banco Bradesco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Banco Bradesco's value and its price as these two are different measures arrived at by different means. Investors typically determine Banco Bradesco value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Bradesco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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	Total Assets	Cash and Equivalents	Total Debt	Deposit Liabilities	Shareholders Equity	Total Liabilities	Tax Assets	Tax Liabilities
Total Assets		0.95	0.94	0.97	0.99	0.99	0.99	-0.87
Cash and Equivalents	0.95		0.98	0.9	0.97	0.93	0.95	-0.83
Total Debt	0.94	0.98		0.92	0.95	0.91	0.95	-0.78
Deposit Liabilities	0.97	0.9	0.92		0.94	0.95	0.95	-0.82
Shareholders Equity	0.99	0.97	0.95	0.94		0.99	0.98	-0.86
Total Liabilities	0.99	0.93	0.91	0.95	0.99		0.98	-0.87
Tax Assets	0.99	0.95	0.95	0.95	0.98	0.98		-0.89
Tax Liabilities	-0.87	-0.83	-0.78	-0.82	-0.86	-0.87	-0.89

Banco Z Score

Banco Z Score Analysis

Banco Z Score Driver Correlations

Banco Z Score Peer Comparison

Banco Bradesco Current Valuation Drivers

Banco Bradesco Institutional Holders

Banco Fundamentals

About Banco Bradesco Fundamental Analysis

Be your own money manager

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Pair Trading with Banco Bradesco

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