Itau Unibanco Holding S.A.
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
Major managers that reported this stock in their latest 13F.
▲ +121.5% over 5Y.
today you would have $2,872.75▲ +187.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
Square root of 22.5 × earnings × book value — the two ceilings Graham proposed. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 6.7% dividend — Lynch adds the yield to the growth rate, so a payer is not priced like a company that returns nothing. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CMECME Group Inc | $261.98 | 22.2x | 3.5x | 4.31% | 15.80% | $94.2B |
| BNYBank of New York Mellon Corp | $144.63 | 17.1x | 2.5x | 1.53% | 14.12% | $98.13B |
| USBUS Bancorp de | $57.76 | 11.5x | 1.5x | 3.74% | 12.62% | $89.99B |
| IBNIcici Bank Ltd | $27.55 |
Itaú Unibanco Holding S.A. provides various financial products and services to personal and corporate customers in Brazil and internationally. It operates through three segments: Retail Business, Wholesale Business and Activities with the Market + Corporation. The company offers current accounts; funds management; payments and collections; loans; credit and debit cards; investment and commercial banking services; real estate lending and financing services; economic, financial and brokerage advisory; and leasing and foreign exchange services. The company also provides non-life insurance products covering loss, damage, or liability for objects or people, as well as life insurance products covering death and personal accidents. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth institutional clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. is a subsidiary of IUPAR - Itaú Unibanco Participações S.A.
Company description provided by Yahoo Finance.
Dividend growing 5.5% a year against a 7.0% required return, taken from the stock’s beta. The only method anchored on what the company pays rather than what it reports.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
4 methods answered, across 2 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
+274.1% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
| 17.0x |
| 2.5x |
| 0.91% |
| 16.07% |
| $98.88B |
| PNCPNC Financial Services Group Inc | $222.26 | 12.2x | 1.5x | 3.60% | 12.62% | $88.67B |
| CMCanadian Imperial Bank of Commerce /can/ | $110.18 | 15.0x | 2.1x | 2.74% | 15.58% | $100.04B |