Banco De Chile (BCH) vs Banco Santander Brasil SA (BSBR)

Banco De Chile and Banco Santander Brasil SA are both Banks Regional companies. Banco De Chile is the larger, with a market value of $19.6B against $17.7B — 1.1× the size. Banco Santander Brasil SA trades at the lower P/E: 6.2× against 14.0×. Banco Santander Brasil SA grew revenue faster over the last twelve months: 18.6% against 7.80%. Banco De Chile has the higher net margin (27.0% vs 7.49%) and the lower return on invested capital (11.1% vs 13.4%). Only Banco Santander Brasil SA pays a dividend (6.82%). Across the 19 metrics below, Banco Santander Brasil SA leads on 12 and Banco De Chile on 7.

Valuation

Metric BCH BSBR Banks Regional median
P/E 13.99 6.25 12.02
P/S 3.82 0.52 2.36
P/B 3.07 0.71 1.23
Price to free cash flow 64.34 2.35 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.15% 16.00% 8.21%
Free cash flow yield 1.55% 42.51% 9.23%

Profitability

Metric BCH BSBR Banks Regional median
Gross margin 70.99% 40.78% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.99% 7.49% 18.82%
Free cash flow margin 5.94% 22.08% 17.97%
Return on equity 22.97% 10.99% 10.28%
Return on assets 2.37% 1.10% 1.13%
Return on invested capital 11.14% 13.40% 8.45%

Growth

Metric BCH BSBR Banks Regional median
Revenue growth (TTM) 7.80% 18.60% 6.37%
EPS growth (last fiscal year) (3.64%) (8.02%) 18.85%
Revenue growth, 5-year CAGR 6.52% 20.06% 12.65%
Net income growth, 5-year CAGR 18.24% (2.56%) 9.81%

Health

Metric BCH BSBR Banks Regional median
Debt to equity 1.92 3.34 0.17
Current ratio 1.55 1.56 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCH BSBR Banks Regional median
Dividend yield 0.00% 6.82% 2.49%
Payout ratio 0.00 — 0.29

Size

Metric BCH BSBR Banks Regional median
Market cap 19.57b 17.71b 934.85m

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