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Earnings transcript
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BSBR
Banco Santander (Brasil) S.A.
$6.05
-0.01
(-0.17%)
| Exchange: | NYSE |
| Market Cap: | 45.313B |
| Shares Outstanding: | 2.468B |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Mario Roberto Opice Leao | |||||
| Full Time Employees: | 55303 | |||||
| Address: |
| |||||
| Website: | https://www.santander.com.br |
Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services. It also provides funding and financial advisory services related to projects, origination and distribution of fixed-income securities in the debt capital markets, financing of acquisitions and syndicated loans, other structured financing arrangements, and subordinated debt and energy efficiency transactions; advisory services for mergers and acquisitions, and equity capital markets transactions; and stock brokerage and advisory, equity, and equity research services. In addition, the company structures and offers foreign exchange, derivative, and investment products for institutional investors, and corporate and retail customers; and provides market making services. Further, it offers instant payment services; range of products and services focused on the agribusiness sector; microfinance services; and online automotive listing and digital car insurance solutions, as well as digital trading platform. Additionally, it provides its financial services and products to its customers through multichannel distribution network comprising branches, mini-branches, ATMs, call centers, Internet banking, and mobile banking. Banco Santander (Brasil) S.A. was incorporated in 1985 and is headquartered in São Paulo, Brazil.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 121,364,019 | 129,023,065 | 151,540,587 |
| Gross Profit | 35,540,934 | 43,922,909 | 41,701,588 |
| EBITDA | 14,662,601 | 21,921,246 | 19,354,777 |
| Operating Income | 11,921,651 | 19,190,228 | 16,728,994 |
| Net Income | 9,449,313 | 13,365,506 | 12,766,035 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,115,652,776 | 1,238,796,810 | 1,270,029,465 |
| Total Liabilities | 1,000,796,422 | 1,118,969,678 | 1,143,476,321 |
| Total Stockholders Equity | 114,453,004 | 119,491,685 | 125,173,530 |
| Total Debt | 144,024,389 | 135,371,526 | 129,955,620 |
| Cash and Cash Equivalents | 193,990,268 | 204,884,465 | 201,981,981 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 36,614,788 | -21,131,267 | 4,992,175 |
| Capital Expenditure | -3,352,719 | -2,609,981 | -3,655,909 |
| Free Cash Flow | 33,262,069 | -23,741,248 | 1,336,266 |
| Net Income | 9,449,313 | 13,413,763 | 12,965,123 |
| Net Change in Cash | 39,852,426 | -22,216,855 | 6,071,701 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 18,785,171.484 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 19,752,201.880 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 19,284,224.157 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,678,404.863 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,867,763.226 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,776,126.504 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,954,571.677 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 4,221,346.828 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 4,092,238.763 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,943,358.587 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,094,877.950 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,021,552.761 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.080 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.110 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.040 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Santander Brazil reported growth in net interest income (NII) during the 2023 earnings call, reflecting strong core banking operations. Key metrics such as revenue, net income, and operating cash flow from the income and cash flow statements indicate consistent profitability, supported by effective cost management highlighted in the earnings call summary.
- Solid Market Position: As part of the banking sector in Brazil, BSBR benefits from a strong presence in a key emerging market. The company profile data, including market capitalization and full-time employees, suggest a significant operational scale, providing a competitive edge within the industry.
- Positive Earnings Outlook: The 2023 earnings call summary indicates management’s confidence in the strategic direction for 2024, underpinned by sustained financial performance. This aligns with stable or improving key metrics like return on equity (ROE) and net profit margin (TTM) from the provided data.
- Dividend Yield: BSBR offers a competitive dividend yield (TTM), as per key metrics, which can attract income-focused investors and provide a buffer against market volatility.
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At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BSBR valuation
Is Banco Santander (Brasil) S.A. (BSBR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Banco Santander (Brasil) S.A. (BSBR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BSBR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BSBR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BSBR’s P/E ratio?
You can see BSBR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BSBR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BSBR a good long-term investment?
Whether BSBR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BSBR
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
-0.17
Trading Metrics:
| Open: | 5.93 | Previous Close: | 6.06 | |
| Day Low: | 5.89 | Day High: | 6.11 | |
| Year Low: | 4.26 | Year High: | 7.32 | |
| Price Avg 50: | 6.38 | Price Avg 200: | 5.76 | |
| Volume: | 785993 | Average Volume: | 1.07M |
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Login — it's freeBSBR full analysis
Welcome to MARKETSNAP’s SWOT analysis for Banco Santander Brasil, or as some of you might know it by its ticker, BSBR. If you’re not familiar with this name, let me give you the quick rundown. Banco Santander Brasil is a major player in the banking and financial services space, operating out of Brazil and serving as a key subsidiary of the global Santander Group. They’re deeply embedded in the financial sector, offering everything from retail banking to corporate solutions in…
