Banco Bradesco SA (BBD) vs Banco Santander Chile (BSAC)

Banco Bradesco SA and Banco Santander Chile are both Banks Regional companies. Banco Bradesco SA and Banco Santander Chile are of similar size ($15.2B and $14.0B). Banco Bradesco SA trades at the lower P/E: 5.5× against 12.4×. Banco Bradesco SA grew revenue faster over the last twelve months: 30.8% against 1.92%. Banco Santander Chile has the higher net margin (24.0% vs 7.52%) and the higher return on invested capital (554.7% vs 0.00%). Both pay a dividend; Banco Bradesco SA yields more (9.45% vs 4.57%). Across the 19 metrics below, Banco Bradesco SA leads on 11 and Banco Santander Chile on 8.

Valuation

Metric BBD BSAC Banks Regional median
P/E 5.48 12.38 12.02
P/S 0.40 2.87 2.36
P/B 0.70 2.68 1.23
Price to free cash flow 3.02 194.95 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 18.25% 8.08% 8.21%
Free cash flow yield 33.13% 0.51% 9.23%

Profitability

Metric BBD BSAC Banks Regional median
Gross margin 36.04% 62.83% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.52% 24.02% 18.82%
Free cash flow margin 13.20% 0.00% 17.97%
Return on equity 14.24% 23.60% 10.28%
Return on assets 1.13% 1.69% 1.13%
Return on invested capital 0.00% 554.73% 8.45%

Growth

Metric BBD BSAC Banks Regional median
Revenue growth (TTM) 30.84% 1.92% 6.37%
EPS growth (last fiscal year) 31.03% 31.91% 18.85%
Revenue growth, 5-year CAGR 16.20% 8.18% 12.65%
Net income growth, 5-year CAGR 5.72% 9.56% 9.81%

Health

Metric BBD BSAC Banks Regional median
Debt to equity 2.78 2.06 0.17
Current ratio 1.72 1.72 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBD BSAC Banks Regional median
Dividend yield 9.45% 4.57% 2.49%
Payout ratio 0.52 0.57 0.29

Size

Metric BBD BSAC Banks Regional median
Market cap 14.00b 15.23b 934.85m

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