Banco Bradesco SA (BBDO) vs Shinhan Financial Group Co Ltd (SHG)

Banco Bradesco SA and Shinhan Financial Group Co Ltd are both Banks Regional companies. Banco Bradesco SA and Shinhan Financial Group Co Ltd are of similar size ($29.2B and $28.5B). Banco Bradesco SA trades at the lower P/E: 5.2× against 8.5×. Banco Bradesco SA grew revenue faster over the last twelve months: 30.8% against 12.1%. Shinhan Financial Group Co Ltd has the higher net margin (14.2% vs 7.52%) and the higher return on invested capital (4.47% vs 0.00%). Both pay a dividend; Shinhan Financial Group Co Ltd yields more (2.55% vs 1.70%). Across the 19 metrics below, Banco Bradesco SA leads on 11 and Shinhan Financial Group Co Ltd on 8.

Valuation

Metric BBDO SHG Banks Regional median
P/E 5.15 8.50 12.02
P/S 0.37 1.15 2.36
P/B 0.65 0.68 1.23
Price to free cash flow 2.84 2.00 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 19.41% 11.77% 8.21%
Free cash flow yield 35.22% 50.00% 9.23%

Profitability

Metric BBDO SHG Banks Regional median
Gross margin 36.04% 56.27% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.52% 14.18% 18.82%
Free cash flow margin 13.20% 57.45% 17.97%
Return on equity 14.24% 8.55% 10.28%
Return on assets 1.13% 0.66% 1.13%
Return on invested capital 0.00% 4.47% 8.45%

Growth

Metric BBDO SHG Banks Regional median
Revenue growth (TTM) 30.84% 12.11% 6.37%
EPS growth (last fiscal year) 31.03% 11.63% 18.85%
Revenue growth, 5-year CAGR 16.20% 11.03% 12.65%
Net income growth, 5-year CAGR 5.72% 4.11% 9.81%

Health

Metric BBDO SHG Banks Regional median
Debt to equity 2.78 1.45 0.17
Current ratio 1.72 0.98 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BBDO SHG Banks Regional median
Dividend yield 1.70% 2.55% 2.49%
Payout ratio 0.09 0.22 0.29

Size

Metric BBDO SHG Banks Regional median
Market cap 28.51b 29.24b 934.85m

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