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Bradsaúde S.A (SAUD3) Fair Value & Analysis

Healthcare · BR · Market cap R$8.4B

BS Bradsaúde S.A SAUD3 · SA
PriceR$14.19
Fair ValueR$20.75
Upside+46.2%
Quality87/100
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Healthy Growth
Highly profitable · 22.0% net margin
generates free cash flow
3.64% dividend yield
Ranks above peers (9/13)
Wide moat 91/100
Evidence: High Range R$12.75 – R$26.72 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from R$20.72 to R$20.75 (+0.1%) since Jun 24, 2026. Share price −5.4% over the past month.

A strong business, screening 46% undervalued on our models.

What matters now

  • The rarer combination: high quality (87/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (R$12.75 to R$26.72) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

R$15.92 R$6.29 Fair Value R$20.75 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range R$6.29 – R$15.92 · fair‑value band R$12.75 – R$26.72 · the R$14.19 price screens below the R$20.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Bradsaúde S.A (SAUD3) currently trades at R$14.19, while our model-based Fair Value estimate is R$20.75, implying the stock looks roughly 46.2% undervalued today. The Quality Score stands at 87/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bradsaúde S.A generated revenue of R$2.6B at a net margin of 22.0%. Revenue grew 3.8% year over year. It earns a return on equity of 40.4%. The stock trades on a trailing P/E of 12.1. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$12.75 (bear case) to R$26.72 (bull case); at R$14.19, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -15% fair-value upside, at 46%, SAUD3 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income R$8.12 R$12.57 R$171.60 76
Growth DCF R$10.33 R$15.25 R$22.11 72
Growth-Adj P/E R$13.66 R$19.51 R$25.37 68
All 24 models by family
DCF Models
FCF DCF R$10.22 R$15.89 R$24.36 38
Owner Earnings R$16.32 R$25.39 R$38.94 31
5Y Revenue Exit R$8.45 R$13.20 R$19.25 39
5Y EBITDA Exit R$14.76 R$25.17 R$37.48 41
5Y P/E Exit R$12.87 R$21.59 R$30.86 38
10Y Revenue Exit R$8.78 R$13.24 R$19.24 36
10Y EBITDA Exit R$12.96 R$21.42 R$33.02 37
10Y P/E Exit R$11.78 R$18.97 R$28.01 35
Earnings-Based
Graham-Dodd R$7.27 R$24.22 R$32.43 54
Lynch FV R$5.49 R$7.84 R$10.20 50
PEG = 1.0 R$5.49 R$7.84 R$10.20 46
EPV R$10.18 R$11.78 R$13.16 59
Multiples
P/E Multiple R$16.03 R$21.38 R$26.72 63
P/S Multiple R$8.32 R$11.10 R$13.87 58
P/B Multiple R$5.29 R$7.05 R$8.82 55
EV/EBIT R$19.10 R$25.46 R$31.81 53
EV/EBITDA R$19.36 R$25.80 R$32.24 54
EV/Revenue R$7.81 R$11.14 R$14.47 43
Asset-Based
NCAV (Graham) R$1.18 R$1.58 R$2.35 50
Growth DCF
Growth DCF R$10.33 R$15.25 R$22.11 72
Rev-Margin DCF R$8.45 R$13.24 R$18.87 67
Economic Profit
Residual Income R$8.12 R$12.57 R$171.60 76
ROIC Compounder R$10.72 R$13.05 R$15.50 67
Growth Earnings
Growth-Adj P/E R$13.66 R$19.51 R$25.37 68

Widest divergence: Growth Earnings (R$19.51) versus Asset-Based (R$1.58). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) R$2.6B
Revenue growth (YoY) +3.8%
Net margin 22.0%
Return on equity 40.4%
Free cash flow R$505M FY2025
P/E ratio 12.1
More key figures
Operating margin 36.6%
EPS (TTM) R$1.04
Dividend yield 4.4%
EPS growth (YoY) -10.3%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 87/100

Of which business quality 82 · Market factors (momentum, volatility) 64

Profitability 95
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bradsaúde S.A. provides private dental care plans in Brazil. The company operates through Corporate, Small and Medium-Sized Enterprise (SME), Individual, and Other segments. The company manages and sells dental care plans to corporations and/or individuals.

Full company description

Bradsaúde S.A. provides private dental care plans in Brazil. The company operates through Corporate, Small and Medium-Sized Enterprise (SME), Individual, and Other segments. The company manages and sells dental care plans to corporations and/or individuals. It is also involved in commercial advisory, consulting, and business management services; develops and licenses software programs; wholesale and retail trade of products and equipment, sanitizers, drugs, medicines, pharmaceutical inputs, and related items; provision of storage, loading, organization, tidying, custody of goods, technical, and administrative programming services, as well as general management of assets and business. In addition, the company engages in integrating technologies to develop dental solutions; and provide specialized services related to accidents and illnesses, besides actuarial, financial, administrative, and commercial and risk management services. The company was formerly known as Odontoprev S.A. and changed its name to Bradsaúde S.A. in April 2026. Bradsaúde S.A. was founded in 1987 and is headquartered in Barueri, Brazil. Bradsaúde S.A. operates as a subsidiary of Bradesco Saúde S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Bradsaúde S.A reported revenue of R$2.4B in FY2025 versus R$1.9B in FY2022, a compound +9.3%/yr. Reported net income was R$583M in FY2025, compounding +16.8%/yr from FY2022.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
R$2.4B
Latest YoY
+6.1%
Avg. growth/yr (3Y)
+9.3%
Revenue +9.3%/yr
FY22 R$1.9B
FY23 R$2.1B
FY24 R$2.3B
FY25 R$2.4B
Net income +16.8%/yr
FY22 R$366M
FY23 R$511M
FY24 R$539M
FY25 R$583M

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Cite: Fair Value Calculator (2026). "Bradsaúde S.A Fair Value". https://www.fairvalue-calculator.com/stock/SAUD3

Peer Group

Healthcare Plans · 15 stocks

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.

Quality Score 87 · Top 25%
Fair Value upside +46% · Top 25%
Return on equity (TTM) 40% · Top 25%
Return on assets 25% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 37% · Top 25%
Revenue growth 4% · Below median

Valuation Multiples vs Healthcare Plans median · lower = cheaper

P/E (TTM) 14.8× · Cheaper than 75% of peers
P/B 6.53× · Pricier than 75% of peers
P/S (TTM) 3.26× · Pricier than 75% of peers
P/FCF 3.2× · Cheaper than 75% of peers
EV/EBITDA 9.7× · Cheaper than 75% of peers
PEG 1.70× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 95 · sector 35
FUTURE 19 · sector 23
PAST 100 · sector 41
HEALTH 0 · sector 65
DIVIDEND 73 · sector 0

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Healthcare Plans stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
UnitedHealth Group UNH $423.38 $292.06 -31%
CVS Health Corporation CVS $104.15 $42.54 -59%
Elevance Health, Inc ELV $372.85 $431.40 +16%
The Cigna Group CI $304.50 $495.42 +63%
Humana Inc HUM $400.00 $127.61 -68%
Centene Corporation CNC $66.61 $111.96 +68%
Molina Healthcare, Inc MOH $233.31 $199.31 -15%
Oscar Health, Inc OSCR $29.10 $58.20 +100%
Alignment Healthcare, Inc ALHC $20.60 $2.37 -88%
Progyny, Inc PGNY $31.93 $16.44 -49%

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Frequently asked questions

Is Bradsaúde S.A (SAUD3) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of R$20.75 versus a price of R$14.19, about +46% (undervalued).
What is the fair value of SAUD3?
Our model-based fair value for Bradsaúde S.A is R$20.75 (as of Jul 16, 2026), built from audited fundamentals. The current price is R$14.19.
What is the quality score of SAUD3?
Bradsaúde S.A has a Quality Score of 87/100. 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 revenue of Bradsaúde S.A (SAUD3)?
Bradsaúde S.A reported trailing-twelve-month revenue of about R$2.6B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SAUD3?
The net profit margin of Bradsaúde S.A is about 22.0%, meaning it keeps roughly 22.0% of revenue as net income. Based on the latest reported figures.
Does Bradsaúde S.A pay a dividend?
Bradsaúde S.A currently shows a dividend yield of about 4.37% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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