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STOCK COMPARISON

Banco Mercantil do Brasil S.A vs DBS Group Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Banco Mercantil do Brasil S.A (BMEB3) and DBS Group Holdings (D05) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Banco Mercantil do Brasil S.A as the less overvalued of the two: Banco Mercantil do Brasil S.A trades at BRL 50.03 versus a fair value of BRL 42.88 (-14%), while DBS Group Holdings trades at S$77.69 versus S$40.48 (-48%).
Banco Mercantil do Brasil S.A
BMEB3.SA · BRL · Financials
-14%
upside to fair value
overvalued
PriceBRL 50.03
Fair ValueBRL 42.88
Quality51/100
DBS Group Holdings
D05.SG · SGD · Financials
-48%
upside to fair value
overvalued
PriceS$77.69
Fair ValueS$40.48
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Banco Mercantil do Brasil S.ADBS Group Holdings
Valuation
6.7×P/E (TTM)20.2×
0.24×P/S (TTM)7.73×
0.57×P/B2.50×
n/aPEG3.44×
−14.3%Fair value upside−47.9%
2.0%Dividend yield3.7%
n/aDividend per shareS$2.85
Profitability
31%Operating margin60%
n/aEBIT margin trend (5Y)0.99×
32%Return on equity16%
2%Return on assets1%
Growth
51%Revenue growth (YoY)3%
43.0%Avg. growth/yr (3Y)11.6%
33.0%Avg. growth/yr (5Y)9.4%
+34.7%Value creation/yr+12.7%
Balance & size
n/aInterest coverage (EBIT/interest)0.6×
0.41×Debt / equity0.69×
$1BMarket cap$172B
healthyGrowth qualityhealthy

Banco Mercantil do Brasil S.A leads: 9 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Banco Mercantil do Brasil S.Aof which business quality 50 · market factors 45 DBS Group Holdingsof which business quality 61 · market factors 93
ProfitabilityMargins and returns on capital today
38
38
Quality GrowthAre margins and returns improving?
38
54
CashflowEarnings quality: real cash, not paper profit
87
84
Fin. StrengthBalance sheet, leverage, solvency risk
21
56
InvestmentDisciplined investing over empire-building
33
78
Low VolatilityCalm price path (market factor)
59
100
MomentumPrice trend over the last 3–12 months (market factor)
38
86
52W MomentumDistance to the 52-week high (market factor)
43
98
Net IssuanceShare count: buybacks or dilution?
82
65

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyBanco Mercantil do Brasil S.APrice BRL 50.03DBS Group HoldingsPrice S$77.69
Dividend Discount-66%below the priceBRL 17.20-35%below the priceS$50.54
Multiples+8%close to the priceBRL 53.90-46%below the priceS$42.04
Asset-Based-71%below the priceBRL 14.71-79%below the priceS$16.26
Economic Profit-2%close to the priceBRL 49.09-60%below the priceS$31.26
Minimum-71%below the priceBRL 14.71-79%below the priceS$16.26
Maximum+8%close to the priceBRL 53.90-35%below the priceS$50.54
Median-34%below the priceBRL 33.15-53%below the priceS$36.65
Geometric mean-43%below the priceBRL 28.60-59%below the priceS$32.24

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Banco Mercantil do Brasil S.A: 5 of 6 models see the stock below the current price.

DBS Group Holdings: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Banco Mercantil do Brasil S.A
Price BRL 50.03
Fair Value BRL 42.88
Bear BRL 30.70Bull BRL 65.60
DBS Group Holdings
Price S$77.69
Fair Value S$40.48
Bear S$29.38Bull S$50.60

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Banco Mercantil do Brasil S.A · Financials

Quality score51 · below median
Fair value upside-14% · below median

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-48% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Banco Mercantil do Brasil S.A as the less overvalued of the two: Banco Mercantil do Brasil S.A trades at BRL 50.03 versus a fair value of BRL 42.88 (-14%), while DBS Group Holdings trades at S$77.69 versus S$40.48 (-48%).

DBS Group Holdings has the higher quality score (65/100).

Open Banco Mercantil do Brasil S.A live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.