` Comparison: BDORY, ITUB4 - Alpha Spread

BDORY
vs
ITUB4

Over the past 12 months, BDORY has underperformed ITUB4, delivering a return of +0% compared to the ITUB4's +64% growth.

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BDORY
ITUB4
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Valuation Comparison

BDORY Intrinsic Value
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ITUB4 Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Banco do Brasil SA
OTC:BDORY
4.03 USD
Itau Unibanco Holding SA
BOVESPA:ITUB4
39.72 BRL
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BDORY, ITUB4

BDORY
ITUB4
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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
Banco do Brasil SA
Revenue
Itau Unibanco Holding SA
Revenue

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

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Profitability Comparison

Free Cash Flow
BDORY, ITUB4

BDORY
ITUB4
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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
Banco do Brasil SA
OTC:BDORY
FCF is not applicable for financial companies
Itau Unibanco Holding SA
BOVESPA:ITUB4
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

BDORY
ITUB4
LTM 3Y Avg 5Y Avg 10Y Avg
Banco do Brasil SA
Not applicable for financial companies
Itau Unibanco Holding SA
Not applicable for financial companies

Operating Margin

BDORY
ITUB4
LTM 3Y Avg 5Y Avg 10Y Avg
Banco do Brasil SA
Not applicable for financial companies
Itau Unibanco Holding SA
Not applicable for financial companies

Net Margin

BDORY
16.9%
ITUB4
23.3%

FCF Margin

BDORY
ITUB4
LTM 3Y Avg 5Y Avg 10Y Avg
Banco do Brasil SA
Not applicable for financial companies
Itau Unibanco Holding SA
Not applicable for financial companies

ROE

BDORY
15.4%
ITUB4
20.5%

ROA

BDORY
1.2%
ITUB4
1.5%

ROIC

BDORY
ITUB4
LTM 3Y Avg 5Y Avg 10Y Avg
Banco do Brasil SA
Not applicable for financial companies
Itau Unibanco Holding SA
Not applicable for financial companies

ROCE

BDORY
ITUB4
LTM 3Y Avg 5Y Avg 10Y Avg
Banco do Brasil SA
Not applicable for financial companies
Itau Unibanco Holding SA
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
BDORY, ITUB4

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BDORY
ITUB4
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Performance Gap
BDORY, ITUB4

Performance Gap Between BDORY and ITUB4
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Performance By Year
BDORY, ITUB4

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BDORY
ITUB4
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