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

Banco Bradesco SA and Banco Santander Chile are both Banks Regional companies. Banco Bradesco SA is the larger, with a market value of $19.0B against $15.9B — 1.2× the size. Banco Bradesco SA trades at the lower P/E: 8.1× against 13.1×. Banco Bradesco SA grew revenue faster over the last twelve months: 35.6% against 1.92%. Banco Santander Chile has the higher net margin (24.0% vs 7.16%) and the lower return on invested capital (554.7% vs 886.7%). Both pay a dividend; Banco Bradesco SA yields more (6.73% vs 4.78%). Across the 20 metrics below, Banco Bradesco SA leads on 12 and Banco Santander Chile on 8.

Valuation

Metric BBD BSAC Banks Regional median
P/E 8.12 13.12 12.15
P/S 0.56 3.04 2.37
P/B 1.00 2.84 1.21
Price to free cash flow 30.70 206.55 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.00 2.01 2.27
Earnings yield 12.32% 7.62% 8.11%
Free cash flow yield 3.26% 0.48% 8.98%

Profitability

Metric BBD BSAC Banks Regional median
Gross margin 35.95% 62.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.16% 24.02% 18.66%
Free cash flow margin 1.82% 0.00% 21.18%
Return on equity 13.76% 23.60% 10.64%
Return on assets 1.06% 1.69% 1.13%
Return on invested capital 886.68% 554.73% 8.33%

Growth

Metric BBD BSAC Banks Regional median
Revenue growth (TTM) 35.61% 1.92% 6.61%
EPS growth (last fiscal year) 31.03% 31.91% —
Revenue growth, 5-year CAGR 16.20% 8.18% 12.30%
Net income growth, 5-year CAGR 5.72% 9.56% 9.71%

Health

Metric BBD BSAC Banks Regional median
Debt to equity 2.93 2.06 0.22
Current ratio 1.48 1.72 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBD BSAC Banks Regional median
Dividend yield 6.73% 4.78% 3.75%
Payout ratio 0.72 0.89 0.27

Size

Metric BBD BSAC Banks Regional median
Market cap 19.02b 15.91b 921.07m

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