Banco da Amazônia S.A (BAZA3) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Banco da Amazônia S.A stock BRL 129, price BRL 67.27, upside +91.7%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range R$20.31 – R$88.69 · fair‑value band R$109.72 – R$172.19 · the R$67.27 price screens below the R$128.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Banco da Amazônia S.A. provides banking products and services in Brazil. The company offers checking, savings, simplified, and salary accounts; and credit cards.
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It also provides loan solutions; investment products, such as capitalization, bank deposit certificates and bank deposit receipts, agribusiness credit note, and Amazonia Prev Plus; car, home, travel, life and personal accident, personal lenders, aviation, fleet vehicle, and various machines and equipment insurance products.
In addition, the company offers investment products; working capital, debt renegotiation, green rural amazon, merchant marine fund, card advance, rural producer tour, and green energy for non-rural; billing and payment; export collection, payment order, and export letter of credit; and agricultural products and services.
The company was incorporated in 1942 and is headquartered in Belém, Brazil.
Stock analysis
Banco da Amazônia S.A (BAZA3) currently trades at R$67.27, while our model-based Fair Value estimate is R$128.98, implying the stock looks roughly 48% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$161.90 per share, and 6 of the 6 models we run sit above the R$67.27 price.
Bear case: the Asset-Based group reads lowest at R$84.04, and 0 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$109.72 (bear) to R$172.19 (bull), the price of R$67.27 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Banco da Amazônia S.A reported revenue of R$8.7B in FY2025 versus R$3.5B in FY2021, a compound +25.3%/yr. Reported net income was R$1.1B in FY2025, compounding +10.6%/yr from FY2021.
Key figures
Market cap R$3.8B (≈ $686M) Small · P/E ratio 4.3 · P/S ratio 1.15 · EPS (TTM) R$15.77 · Dividend yield 11.1% · Net margin 26.9% · Return on equity 12.4% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 92%, BAZA3 screens cheaper than that median.
Fair Value models
BearR$109.72Fair Value R$128.98BullR$172.19
Price R$67.27 · Upside +91.7%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (R$7.07 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.8%
Start year 2020 (pandemic). Over 10 years: +11.7% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
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What shareholders gained per year (last 5 years), in BRL ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)11.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.5% vs 12.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 10%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+91.7% · Top 25%
Profitability
Return on equity (12 months)12.4% · Above median
Return on assets1.8% · Top 25%
Net margin (12 months)26.9% · Below median
Operating margin (12 months)16.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−19.1% · Bottom 25%
Dividend yield (12 months)11.1% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Banco da Amazônia S.A Fair Value". https://www.fairvalue-calculator.com/stock/BAZA3
Frequently asked questions
Is Banco da Amazônia S.A (BAZA3) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of R$128.98 versus a price of R$67.27, about +92% upside (undervalued).
What is the fair value of BAZA3?
Our model-based fair value for Banco da Amazônia S.A is R$128.98 (as of Nov 5, 2026), built from audited fundamentals. The current price: R$67.27.
What is the quality score of BAZA3?
Banco da Amazônia S.A has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Banco da Amazônia S.A (BAZA3)?
Our model-based price target is the fair value of R$128.98 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario R$109.72, optimistic scenario R$172.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco da Amazônia S.A stock forecast for 2026?
Our models put fair value at R$128.98, about +92% upside versus a price of R$67.27 (undervalued). Cautious scenario R$109.72, optimistic scenario R$172.19. The calculation is refreshed regularly with new filings.
What is the revenue of Banco da Amazônia S.A (BAZA3)?
Banco da Amazônia S.A reported trailing-twelve-month revenue of about R$3.3B (latest available figure, as of Nov 5, 2026).
Does Banco da Amazônia S.A pay a dividend?
Banco da Amazônia S.A currently shows a dividend yield of 11.15% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Banco da Amazônia S.A (BAZA3) and when is the ex-dividend date?
Banco da Amazônia S.A pays a dividend of R$7.50 per share a year, a dividend yield of 11.1%. The last ex-dividend date was Jun 10, 2026. A dividend has been paid every year since 2003. The payout ratio is 47.5% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Banco da Amazônia S.A (BAZA3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco da Amazônia S.A it is R$128.98 per share (as of Nov 5, 2026), against a price of R$67.27. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Banco da Amazônia S.A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, BAZA3 trades below its calculated fair value: price R$67.27, fair value R$128.98, a gap of about +92% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BAZA3?
No. The price is what the market pays today (R$67.27); the fair value is what the company's own numbers justify (R$128.98). For Banco da Amazônia S.A the two are R$61.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco da Amazônia S.A worth?
The market values Banco da Amazônia S.A at about R$3.8B (market capitalisation, as of Nov 5, 2026). Per share that is R$67.27; our models calculate a fair value of R$128.98 per share.
What do the bullish and bearish scenarios say about BAZA3?
Our models span a range for Banco da Amazônia S.A: cautious scenario R$109.72, base R$128.98, optimistic R$172.19 per share (as of Nov 5, 2026, price R$67.27). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAZA3?
Banco da Amazônia S.A trades at a price-to-earnings ratio of 4.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$128.98 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 4.3. Other multiples: PEG 1.3, P/B 0.5, P/S 1.1, EV/EBITDA 4.4.
What is the PEG ratio of BAZA3?
The PEG ratio of Banco da Amazônia S.A is 1.34 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banco da Amazônia S.A (BAZA3)?
Balance-sheet figures for Banco da Amazônia S.A (as of Nov 5, 2026): return on equity 12.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is BAZA3 from its 52-week high?
Banco da Amazônia S.A trades at R$67.27, about 16% below its 52-week high of R$80.01 and 23% above the low of R$54.57 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R$128.98 is for.
Which stocks are comparable to Banco da Amazônia S.A?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Banco da Amazônia S.A stock attractive at the current price?
The data as of Nov 5, 2026: price R$67.27, calculated fair value R$128.98 (+92%), Quality Score 49/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BAZA3 calculated?
We run Banco da Amazônia S.A through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of R$128.98 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Banco da Amazônia S.A currently trades 48% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Banco da Amazônia S.A (BAZA3)?
The closing price on Nov 6, 2026 was R$67.27. Our model-based fair value is R$128.98, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco da Amazônia S.A right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (R$109.72). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Banco da Amazônia S.A (BAZA3) come from?
Earnings per share at Banco da Amazônia S.A grew +14.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +1.2 %, tax rate +8.5 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Banco da Amazônia S.A
How large is the market capitalisation of Banco da Amazônia S.A (BAZA3)?
The market capitalisation of Banco da Amazônia S.A is R$3.8B (≈ $686M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Banco da Amazônia S.A (BAZA3)?
The price-to-sales ratio of Banco da Amazônia S.A is 1.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banco da Amazônia S.A (BAZA3)?
Earnings per share at Banco da Amazônia S.A are R$15.77 (price ÷ EPS = P/E 4.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banco da Amazônia S.A (BAZA3)?
The dividend yield of Banco da Amazônia S.A is 11.1% (payout 47.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Banco da Amazônia S.A (BAZA3)?
The net margin of Banco da Amazônia S.A is 26.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Banco da Amazônia S.A (BAZA3)?
The return on equity (ROE) of Banco da Amazônia S.A is 12.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Banco da Amazônia S.A (BAZA3)?
On an EBIT basis the return on assets of Banco da Amazônia S.A is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Banco da Amazônia S.A (BAZA3)?
The operating margin of Banco da Amazônia S.A is 16.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco da Amazônia S.A (BAZA3)?
Revenue at Banco da Amazônia S.A is growing −19.1% versus a year earlier (3y avg +14.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Banco da Amazônia S.A (BAZA3)?
Earnings per share at Banco da Amazônia S.A are growing +14.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Banco da Amazônia S.A (BAZA3) generate?
The free cash flow of Banco da Amazônia S.A is R$8.9B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Banco da Amazônia S.A (BAZA3) carry?
The net debt of Banco da Amazônia S.A is R$2.1B (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026