Banco Santander Brasil SA (BSBR) vs Pinnacle Financial Partners, Inc. (PNFP)

Banco Santander Brasil SA and Pinnacle Financial Partners, Inc. are both Banks Regional companies. Banco Santander Brasil SA is the larger, with a market value of $17.7B against $15.3B — 1.2× the size. Banco Santander Brasil SA trades at the lower P/E: 6.2× against 13.5×. Pinnacle Financial Partners, Inc. grew revenue faster over the last twelve months: 97.6% against 18.6%. Pinnacle Financial Partners, Inc. has the higher net margin (15.2% vs 7.49%) and the lower return on invested capital (5.96% vs 13.4%). Both pay a dividend; Banco Santander Brasil SA yields more (6.82% vs 2.20%). Across the 19 metrics below, Banco Santander Brasil SA leads on 12 and Pinnacle Financial Partners, Inc. on 7.

Valuation

Metric BSBR PNFP Banks Regional median
P/E 6.25 13.50 12.02
P/S 0.52 2.39 2.36
P/B 0.71 1.11 1.23
Price to free cash flow 2.35 10.63 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 16.00% 7.41% 8.21%
Free cash flow yield 42.51% 9.41% 9.23%

Profitability

Metric BSBR PNFP Banks Regional median
Gross margin 40.78% 66.55% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.49% 15.22% 18.82%
Free cash flow margin 22.08% 22.50% 17.97%
Return on equity 10.99% 9.56% 10.28%
Return on assets 1.10% 1.05% 1.13%
Return on invested capital 13.40% 5.96% 8.45%

Growth

Metric BSBR PNFP Banks Regional median
Revenue growth (TTM) 18.60% 97.64% 6.37%
EPS growth (last fiscal year) (8.02%) 35.40% 18.85%
Revenue growth, 5-year CAGR 20.06% 19.79% 12.65%
Net income growth, 5-year CAGR (2.56%) 9.35% 9.81%

Health

Metric BSBR PNFP Banks Regional median
Debt to equity 3.34 0.68 0.17
Current ratio 1.56 0.93 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BSBR PNFP Banks Regional median
Dividend yield 6.82% 2.20% 2.49%
Payout ratio — 0.30 0.29

Size

Metric BSBR PNFP Banks Regional median
Market cap 17.71b 15.34b 934.85m

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