I took all results available in Fundamentus for BBAS3. It's exactly 8 years of data.
Then I calculated quarterly return (ROE) and after that I excluded the best 8 quarters.
For the remaining 6 years of worst returns I get an average ROE of 23%.
That applied to the current net equity would generate BRL 12 billions.
So BBAS3 can be bought for just 6 times its average earnings.
Also, Banco do Brasil has been distributing average dividends since 2008 of BRL 3.5 billions per year, wich gives a yield of 6.7% (I discounted 15% of all values, because de series doesn't shows what is dividend and what is JCP).
In short: Fundamentus data for BBAS3 are not distorted in relation to historical mean.
Smart Grocery Shopping Tactics
2 weeks ago
0 comments:
Post a Comment
We encourage your feedback and we will take your comments into serious consideration. However, you must be warned that any comment that does not follow the blog philosophy (Value Investing and Behavioural Finance) will be promptly removed.