` Comparison: ITSA4 vs BAC - Alpha Spread

ITSA4
vs
BAC

Over the past 12 months, ITSA4 has significantly outperformed BAC, delivering a return of +64% compared to the BAC's +18% growth.

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ITSA4
BAC
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Valuation Comparison

ITSA4 Intrinsic Value
18.69 BRL
Undervaluation 30%
Intrinsic Value
Price
BAC Intrinsic Value
66.96 USD
Undervaluation 30%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Itausa SA
BOVESPA:ITSA4
13.15 BRL
Bank of America Corp
NYSE:BAC
46.87 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
ITSA4, BAC

ITSA4
BAC
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Itausa SA
Revenue
Bank of America Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
ITSA4, BAC

ITSA4
BAC
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Itausa SA
BOVESPA:ITSA4
Bank of America Corp
NYSE:BAC
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

ITSA4
25.3%
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp
Not applicable for financial companies

Operating Margin

ITSA4
207.5%
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp
Not applicable for financial companies

Net Margin

ITSA4
186.4%
BAC
25.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp

FCF Margin

ITSA4
-7.5%
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp
Not applicable for financial companies

ROE

ITSA4
17.9%
BAC
9.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp

ROA

ITSA4
14%
BAC
0.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp

ROIC

ITSA4
16.3%
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp
Not applicable for financial companies

ROCE

ITSA4
16.4%
BAC
LTM 3Y Avg 5Y Avg 10Y Avg
Itausa SA
Bank of America Corp
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
ITSA4, BAC

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Performance Gap
ITSA4, BAC

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ITSA4
BAC
Difference
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Performance By Year
ITSA4, BAC

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ITSA4
BAC
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SBK
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Industrial and Commercial Bank...
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vs ITSA4
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett