Banco Bradesco SA (BBD) vs Pinnacle Financial Partners, Inc. (PNFP)

Banco Bradesco SA and Pinnacle Financial Partners, Inc. are both Banks Regional companies. Banco Bradesco SA is the larger, with a market value of $19.0B against $14.3B — 1.3× the size. Banco Bradesco SA trades at the lower P/E: 8.1× against 13.0×. Pinnacle Financial Partners, Inc. grew revenue faster over the last twelve months: 67.0% against 35.6%. Pinnacle Financial Partners, Inc. has the higher net margin (14.7% vs 7.16%) and the lower return on invested capital (4.85% vs 886.7%). Both pay a dividend; Banco Bradesco SA yields more (6.73% vs 1.18%). Across the 20 metrics below, Banco Bradesco SA leads on 10 and Pinnacle Financial Partners, Inc. on 10.

Valuation

Metric BBD PNFP Banks Regional median
P/E 8.12 12.97 12.15
P/S 0.56 2.69 2.37
P/B 1.00 1.02 1.21
Price to free cash flow 30.70 9.85 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.00 3.18 2.27
Earnings yield 12.32% 7.71% 8.11%
Free cash flow yield 3.26% 10.16% 8.98%

Profitability

Metric BBD PNFP Banks Regional median
Gross margin 35.95% 65.82% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.16% 14.70% 18.66%
Free cash flow margin 1.82% 27.35% 21.18%
Return on equity 13.76% 7.65% 10.64%
Return on assets 1.06% 0.85% 1.13%
Return on invested capital 886.68% 4.85% 8.33%

Growth

Metric BBD PNFP Banks Regional median
Revenue growth (TTM) 35.61% 66.95% 6.61%
EPS growth (last fiscal year) 31.03% 35.40% —
Revenue growth, 5-year CAGR 16.20% 19.79% 12.30%
Net income growth, 5-year CAGR 5.72% 15.51% 9.71%

Health

Metric BBD PNFP Banks Regional median
Debt to equity 2.93 0.69 0.22
Current ratio 1.48 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBD PNFP Banks Regional median
Dividend yield 6.73% 1.18% 3.75%
Payout ratio 0.72 0.11 0.27

Size

Metric BBD PNFP Banks Regional median
Market cap 19.02b 14.27b 921.07m

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