Financials Banestes S.A - Banco do Estado do Espírito Santo

Equities

BEES3

BRBEESACNOR9

Banks

Market Closed - Sao Paulo 04:05:00 2024-05-03 pm EDT 5-day change 1st Jan Change
9.2 BRL +6.54% Intraday chart for Banestes S.A - Banco do Estado do Espírito Santo +5.26% -3.46%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,315 2,030 1,771 1,609 1,827 3,058
Enterprise Value (EV) 1 -1,016 -1,101 -1,264 12,886 13,813 17,548
P/E ratio 7.25 x 9.26 x 7.47 x 6.65 x 5.04 x 9.3 x
Yield 6.76% 5.44% 3.84% 9.2% 10.6% 6.69%
Capitalization / Revenue 1.14 x 1.73 x 1.43 x 1.41 x 1.26 x 2.07 x
EV / Revenue -0.88 x -0.94 x -1.02 x 11.3 x 9.51 x 11.9 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.87 x 1.24 x 1 x 0.84 x 0.88 x 1.42 x
Nbr of stocks (in thousands) 315,913 315,913 315,913 315,913 315,913 315,913
Reference price 2 4.130 6.300 5.450 4.850 5.520 9.530
Announcement Date 2/19/19 2/18/20 2/23/21 3/23/22 2/28/23 2/27/24
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,152 1,175 1,241 1,140 1,453 1,475
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 291.4 252.6 350.2 342.6 509.1 432.7
Net income 1 181.1 213.7 231.8 230.5 345.8 323.8
Net margin 15.72% 18.19% 18.68% 20.22% 23.8% 21.96%
EPS 2 0.5700 0.6800 0.7300 0.7297 1.095 1.025
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.2791 0.3428 0.2092 0.4460 0.5855 0.6373
Announcement Date 2/19/19 2/18/20 2/23/21 3/23/22 2/28/23 2/27/24
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 11,277 11,986 14,490
Net Cash position 1 2,331 3,131 3,034 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 12.5% 13.8% 14% 13.1% 18.1% 15.7%
ROA (Net income/ Total Assets) 0.71% 0.83% 0.86% 0.71% 0.98% 0.83%
Assets 1 25,344 25,829 27,108 32,282 35,444 39,078
Book Value Per Share 2 4.720 5.090 5.430 5.800 6.310 6.710
Cash Flow per Share 2 0.5800 0.8000 1.110 0.8100 0.5600 0.5000
Capex 1 18 67.5 7.7 60.4 63.1 111
Capex / Sales 1.57% 5.75% 0.62% 5.3% 4.34% 7.51%
Announcement Date 2/19/19 2/18/20 2/23/21 3/23/22 2/28/23 2/27/24
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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