Banco BTG Pactual S.A.

BOVESPA-BPAC11

Basic

Market Cap
R$152.68B
EV
—
Shares Out
4,762.28M
Revenue
R$32.08B
Employees
—

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
40.31%
Net
32.94%
FCF
-112.46%

Returns (5Yr Avg)

ROA
1.96%
ROTA
18.66%
ROE
17.6%
ROCE
—
ROIC
1.85%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
R$40.8
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
-R$8,552.19M
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
40.78%
Rev 5Yr
57%
Rev 10Yr
—
Dil EPS 3Yr
31.24%
Dil EPS 5Yr
18.11%
Dil EPS 10Yr
23.47%
Rev Fwd 2Yr
20.87%
EBITDA Fwd 2Yr
20.93%
EPS Fwd 2Yr
21.82%
EPS LT Growth Est
16.9%

Dividends

Yield
—
Payout
—
DPS
—
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
178.1%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						2,626.3	4,690.2	15,755.7	28,967.1	32,737.1	32,943.8
Interest Income On Investments						6,946.1	7,430.6	12,636.8	42,438.6	38,910.6	40,460.9
Interest Income, Total						9,572.4	12,120.7	28,392.5	71,405.7	71,647.7	73,404.7
Interest On Deposits						5,480.9	4,777.1	11,839.4	35,152.9	37,162.2	38,240.3
Total Interest On Borrowings						2,288.1	4,462.9	6,449	14,848.1	11,160.1	10,490.2
Interest Expense, Total						7,769.1	9,240	18,288.4	50,001	48,322.4	48,730.4
Net Interest Income						1,803.3	2,880.7	10,104.1	21,404.7	23,325.3	24,674.3
Gain (Loss) on Sale of Invest. & Securities	—		—	—	—	—	—	—	—	—	—
Total Other Non Interest Income						5,497.2	7,075.9	7,584.4	9,601.2	10,208.2	10,004.5
Non Interest Income, Total						5,497.2	7,075.9	7,584.4	9,601.2	10,208.2	10,004.5
Revenues Before Provison For Loan Losses						7,300.5	9,956.7	17,688.5	31,005.9	33,533.5	34,678.7
Provision For Loan Losses						381.9	366.2	826.3	4,366.6	2,410.3	2,603.5
Total Revenues						6,918.6	9,590.5	16,862.2	26,639.3	31,123.2	32,075.3
Total Revenues % Chg.						101.4%	38.6%	75.8%	58%	16.8%	16.2%
Salaries And Other Employee Benefits						1,627.6	2,348.3	3,946.9	4,997.2	5,803.7	6,031.3
Selling General & Admin Expenses, Total						1,110	1,763.5	5,401	8,829.6	9,951	10,324
(Income) Loss on Equity Invest.						-1,051.4	102.5	-1,639.7	-748.4	-1,041.7	-895.5
Total Other Non Interest Expense						520.5	767.6	1,478.5	3,654.2	4,101	3,447
Non Operating (Income) Expenses						-46.6	-268.2	-948.5	-245.3	22.3	23.9
Non Interest Expense, Total						2,160.1	4,713.9	8,238.2	16,487.3	18,836.2	18,930.8
EBT, Excl. Unusual Items						4,758.5	4,876.6	8,624	10,152	12,287	13,144.5
Impairment of Goodwill	—	—	—	—	—	—	—	-225.3	—	—	—
Asset Writedown		—	—	—	—	—	—	—	—	—	—
Legal Settlements						-19.4	-35.8	-107.6	-330.3	-369.9	-213.8
EBT, Incl. Unusual Items						4,739.1	4,840.8	8,291.1	9,821.6	11,917.1	12,930.7
Income Tax Expense						896.7	958.2	1,858.3	1,581.3	1,590.8	1,973.6
Earnings From Continuing Operations						3,842.5	3,882.6	6,432.8	8,240.3	10,326.2	10,957.1
Minority Interest						-14.2	93.7	-90.6	-398.5	-401.6	-391.9
Net Income						3,828.3	3,976.4	6,342.2	7,841.8	9,924.6	10,565.2
Net Income to Common Incl Extra Items						3,828.3	3,976.4	6,342.2	7,841.8	9,924.6	10,565.2
Net Income to Common Excl. Extra Items						3,828.3	3,976.4	6,342.2	7,841.8	9,924.6	10,565.2
Total Shares Outstanding						2,157.7	2,185.2	4,757.3	4,763.7	4,762.3	4,762.3
Weighted Avg. Shares Outstanding						4,705.8	4,481.6	4,758.8	4,758.8	4,763.7	4,764.8
Weighted Avg. Shares Outstanding Dil						4,705.8	4,481.6	4,758.8	4,758.8	4,763.7	4,764.8
EPS						0.8	0.9	1.3	1.6	2.1	2.2
EPS Diluted						0.8	0.9	1.3	1.6	2.1	2.2
Effective Tax Rate						18.9%	19.8%	22.4%	16.1%	13.3%	15.3%