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Data-driven stock valuation

Banco Bradesco S/A (BBDO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Banco Bradesco S/A stock $4.44, price $2.37, upside +87.3%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US · ADR · Home Brazil · ISIN US0594604029

This is a secondary listing. View primary listing Banco Bradesco S.A. (BBDC3.SA) →

BB Banco Bradesco S/A logo Broad data Nov 11, 2026

Banco Bradesco S/A

BBDO · US
Meets all rules

The stock costs 47% less than our calculation considers fair.

Fair value $4.44 · Strongly undervalued
Quality 62/100
Highly profitable · 25.4% net margin (TTM)
Ranks above peers (10/15)
Upbeat coverage
Broad data
Even on cautious assumptions the value is 26% above the price ($2.99).
Mixed Growth (revenue 5y +18.9 %/yr in BRL)
Wide moat 68/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$4.02 $1.54 Fair Value $4.44 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range $1.54 – $4.02 · fair‑value band $2.99 – $5.55 · the $2.37 price screens below the $4.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.

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Company profile

Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services in Brazil and internationally. The company operates in two segments, Banking and Insurance.

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It engages in banking operations, including investment, national, international, and private banking, as well as investment fund management, consortium administration, middle market and corporate activities, and leasing.

The company also provides retail banking products, such as demand, savings, and time deposits, as well as mutual funds, foreign exchange services, and various loans and advances comprising overdrafts, credit cards, and loans with repayments in installments; and fund management and treasury services, corporate finance, and hedge and finance operations, which include working capital financing.

In addition, it provides insurance products, such as life, pension, health, and non-life, as well as related insurance operations, supplemental pension plans, and capitalization bonds.

Further, the company offers cards, consortia, service packages and fees, auctions, debt renegotiation, and accounts; and various services comprising related transactions and inquiries, profile and help, purchases and benefits, and permissions. It serves individuals, corporates, and businesses.

The company was incorporated in 1943 and is headquartered in Osasco, Brazil.

Stock analysis

Banco Bradesco S/A (BBDO) currently trades at $2.37, while our model-based Fair Value estimate is $4.44, implying the stock looks roughly 47% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $4.44 per share, and 5 of the 6 models we run sit above the $2.37 price.

Bear case: the Asset-Based group reads lowest at $1.74, and 1 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: $2.99 (bear) to $5.55 (bull), the price of $2.37 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 62/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Banco Bradesco S/A ADR reported revenue of R$312B in FY2025 versus R$26.0K in FY2021, a compound +5,784.0%/yr. Reported net income was R$23.7B in FY2025, compounding +0.5%/yr from FY2021.

Key figures

Market cap $32.6B Large · P/E ratio 7.2 · P/S ratio 0.54 · EPS (TTM) $0.4100 · Net margin 7.6% · Return on equity 13.4% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin 35.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at 87%, BBDO screens cheaper than that median.

Fair Value models

Bear $2.99 Fair Value $4.44 Bull $5.55
Price $2.37 · Upside +87.3%
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 ($0.3538 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.
Best data coverage
Residual Income $2.99 $3.77 $5.48 74
DDM Multi-Stage $2.10 $3.82 $4.97 64
Gordon GGM $2.10 $4.80 $8.61 62
All 6 models by family
Dividend Discount
Gordon GGM $2.10 $4.80 $8.61 62
DDM Multi-Stage $2.10 $3.82 $4.97 64
Multiples
P/E Multiple $3.93 $5.24 $6.55 61
P/B Multiple $2.73 $3.64 $4.55 53
Asset-Based
NCAV (Graham) $1.30 $1.74 $2.60 52
Economic Profit
Residual Income $2.99 $3.77 $5.48 74

Open the full fair value analysis →

Quality Score breakdown

Overall quality 62/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 51
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 22
Debt, balance sheet and risk of trouble
Investment 78
Does it invest with discipline instead of growing at any price?
Low Volatility 61
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 85
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+24.9%
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.
+16,510.8%
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.
+18.9%
Start year 2020 (pandemic)
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.
+13.4%
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. Basis: EBIT basis. 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.
−6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.6%
Dividend (yield on the price)0.0%
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.8.6% vs 11.6%, slowing
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.−1% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)

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Earlier news

News mood ⓘNews mood, the average tone of recent news (93 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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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 · 997 stocks

Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 62 · Top 25%
Fair Value upside +87.3% · Top 25%
Profitability
Return on equity (12 months) 13.4% · Above median
Return on assets 1.0% · Above median
Net margin (12 months) 25.4% · Below median
Operating margin (12 months) 35.1% · Below median
Growth and dividend
Revenue growth (quarter YoY) 10.5% · Above median
Dividend yield (12 months) 42.6% · Top 25%
Balance sheet
Debt / equity 2.50× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 7.2× · Cheapest 25%
P/B 1.02× · Cheaper than median
P/S (12 months) 1.98× · Cheapest 25%
Price / free cash flow (fiscal year) 0.7× · Cheapest 25%
EV/EBITDA 17.0× · Priciest 25%
PEG 1.55× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 9
FUTURE (revenue growth)53 · sector 47
PAST (return on equity)53 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)100 · sector 52

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.63 ¥7.59 +35% vs BBDO
China Merchants Bank Co 600036 ¥43.01 ¥52.73 +23% vs BBDO
BNP Paribas SA BNP €95.66 €107.43 +12% vs BBDO
Intesa Sanpaolo S.p.A ISP €6.39 €4.91 −23% vs BBDO
UniCredit S.p.A UCG €83.55 €58.08 −30% vs BBDO
Oversea-Chinese Banking Corporation O39 28.60 SGD 18.20 SGD −36% vs BBDO
Mizuho Financial Group MFG $9.93 $5.89 −41% vs BBDO
DBS Group D05 70.37 SGD 40.39 SGD −43% vs BBDO
HDFC Bank Limited HDFCBANK ₹798.15 ₹406.39 −49% vs BBDO
ICICI Bank Limited ICICIBANK ₹1,589 ₹615.63 −61% vs BBDO

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Frequently asked questions

Is Banco Bradesco S/A (BBDO) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of $4.44 versus a price of $2.37, about +87% upside (undervalued).
What is the fair value of BBDO?
Our model-based fair value for Banco Bradesco S/A is $4.44 (as of Nov 11, 2026), built from audited fundamentals. The current price: $2.37.
What is the quality score of BBDO?
Banco Bradesco S/A has a Quality Score of 62/100. 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 Bradesco S/A (BBDO)?
Our model-based price target is the fair value of $4.44 (as of Nov 11, 2026) from 6 valuation models. Cautious scenario $2.99, optimistic scenario $5.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco Bradesco S/A ADR stock forecast for 2026?
Our models put fair value at $4.44, about +87% upside versus a price of $2.37 (undervalued). Cautious scenario $2.99, optimistic scenario $5.55. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Banco Bradesco S/A (BBDO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco Bradesco S/A it is $4.44 per share (as of Nov 11, 2026), against a price of $2.37. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Banco Bradesco S/A ADR stock overvalued or undervalued in 2026?
As of Nov 11, 2026, BBDO trades below its calculated fair value: price $2.37, fair value $4.44, a gap of about +87% (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 BBDO?
No. The price is what the market pays today ($2.37); the fair value is what the company's own numbers justify ($4.44). For Banco Bradesco S/A the two are $2.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco Bradesco S/A ADR worth?
The market values Banco Bradesco S/A at about $32.6B (market capitalisation, as of Nov 11, 2026). Per share that is $2.37; our models calculate a fair value of $4.44 per share.
What do the bullish and bearish scenarios say about BBDO?
Our models span a range for Banco Bradesco S/A: cautious scenario $2.99, base $4.44, optimistic $5.55 per share (as of Nov 11, 2026, price $2.37). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBDO?
Banco Bradesco S/A trades at a price-to-earnings ratio of 7.2 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.44 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 15.5. Other multiples: PEG 1.5, P/B 1.0, P/S 2.0, EV/EBITDA 17.0.
What is the PEG ratio of BBDO?
The PEG ratio of Banco Bradesco S/A is 1.55 (P/E divided by earnings growth, as of Nov 11, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banco Bradesco S/A (BBDO)?
Balance-sheet figures for Banco Bradesco S/A (as of Nov 11, 2026): return on equity 13.4%, debt of 2.50 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BBDO from its 52-week high?
Banco Bradesco S/A trades at $2.37, about 41% below its 52-week high of $4.02 and 1% above the low of $2.35 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $4.44 is for.
Which stocks are comparable to Banco Bradesco S/A ADR?
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 Bradesco S/A ADR stock attractive at the current price?
The data as of Nov 11, 2026: price $2.37, calculated fair value $4.44 (+87%), Quality Score 62/100, 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 BBDO calculated?
We run Banco Bradesco 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 $4.44 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 15.1% above its aggregate fair value. Banco Bradesco S/A currently trades 47% 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 Bradesco S/A (BBDO)?
The closing price on Nov 10, 2026 was $2.37. Our model-based fair value is $4.44, about +87% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco Bradesco S/A ADR right now?
The price is below even our cautious bear case ($2.99). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($2.99 to $5.55) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Banco Bradesco S/A

How large is the market capitalisation of Banco Bradesco S/A (BBDO)?
The market capitalisation of Banco Bradesco S/A is $32.6B. 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 Bradesco S/A (BBDO)?
The price-to-sales ratio of Banco Bradesco S/A is 0.54 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banco Bradesco S/A (BBDO)?
Earnings per share at Banco Bradesco S/A are $0.4100 (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Banco Bradesco S/A (BBDO)?
The net margin of Banco Bradesco S/A is 7.6% (fiscal year 2025). 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 Bradesco S/A (BBDO)?
The return on equity (ROE) of Banco Bradesco S/A is 13.4% (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 Bradesco S/A (BBDO)?
On an EBIT basis the return on assets of Banco Bradesco S/A is 1.1% (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 Bradesco S/A (BBDO)?
The operating margin of Banco Bradesco S/A is 35.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco Bradesco S/A (BBDO)?
Revenue at Banco Bradesco S/A is growing +10.5% versus a year earlier (3y avg +16,511%). 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 Bradesco S/A (BBDO)?
Earnings per share at Banco Bradesco S/A are growing −7.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Banco Bradesco S/A (BBDO) generate?
The free cash flow of Banco Bradesco S/A is R$258B (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 Bradesco S/A (BBDO) carry?
The net debt of Banco Bradesco S/A is R$643B (fiscal year 2025, ≈ 2.5 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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