Professional
Added to YB: 2025-08-29
Pitch date: 2025-06-30
BBD [neutral]
Banco Bradesco S.A.
+33.87%
current return
Author Info
No bio for this author
Company Info
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services in Brazil and internationally.
Market Cap
BRL 206.8B
Pitch Price
BRL 13.71
Price Target
N/A
Dividend
5.76%
EV/EBITDA
N/A
P/E
9.37
EV/Sales
N/A
Sector
Banks
Category
value
Moerus Capital Management New Position: Banco Bradesco S.A.
BBD (new position): Brazil's 2nd largest bank trading <9x earnings & discount to book after 30% Bovespa decline & 20% BRL depreciation. Political concerns under Lula + rates rising 10.5%→15% created unusually depressed valuation vs history & earnings power. Concentrated banking industry w/ higher margins, battle-tested mgmt. Cyclical recovery + cost cuts = profit upside.
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