Banco Bradesco Sa Stock Piotroski F Score

BBDO Stock  USD 1.96  0.03  1.55%   
This module uses fundamental data of Banco Bradesco to approximate its Piotroski F score. Banco Bradesco F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Banco Bradesco SA. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Banco Bradesco financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Banco Bradesco Altman Z Score, Banco Bradesco Correlation, Banco Bradesco Valuation, as well as analyze Banco Bradesco Alpha and Beta and Banco Bradesco Hype Analysis.
  
At this time, Banco Bradesco's Net Debt is very stable compared to the past year. As of the 12th of December 2024, Short Term Debt is likely to grow to about 340.5 B, while Short and Long Term Debt Total is likely to drop about 169 B. At this time, Banco Bradesco's ROIC is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.42, while Price To Sales Ratio is likely to drop 1.18.
At this time, it appears that Banco Bradesco's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
Current Return On Assets

Positive

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Banco Bradesco Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Banco Bradesco is to make sure Banco is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Banco Bradesco's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Banco Bradesco's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0070.0074
Notably Down
Slightly volatile
Asset Turnover0.04940.052
Notably Down
Slightly volatile
Net Debt278.2 B264.9 B
Sufficiently Up
Slightly volatile
Total Current Liabilities233.3 B222.2 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.9 T1.8 T
Sufficiently Up
Slightly volatile
Total AssetsT1.9 T
Sufficiently Up
Slightly volatile
Total Current Assets50.9 B41.5 B
Fairly Up
Pretty Stable

Banco Bradesco SA F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Banco Bradesco's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Banco Bradesco in a much-optimized way.

About Banco Bradesco Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

16.48

At this time, Banco Bradesco's Book Value Per Share is very stable compared to the past year.

Banco Bradesco Current Valuation Drivers

We derive many important indicators used in calculating different scores of Banco Bradesco from analyzing Banco Bradesco's financial statements. These drivers represent accounts that assess Banco Bradesco's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Banco Bradesco's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap290.6B239.8B186.4B157.5B141.7B81.5B
Enterprise Value472.3B397.7B449.7B467.9B421.1B442.2B

About Banco Bradesco Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Banco Bradesco SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Banco Bradesco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Banco Bradesco SA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Banco Bradesco

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Banco Bradesco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Banco Bradesco will appreciate offsetting losses from the drop in the long position's value.

Moving against Banco Stock

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The ability to find closely correlated positions to Banco Bradesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Bradesco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Banco Bradesco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Banco Bradesco SA to buy it.
The correlation of Banco Bradesco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Bradesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bradesco SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Banco Bradesco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Banco Bradesco SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banco Bradesco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Banco Bradesco Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banco Bradesco Sa Stock:
Check out Banco Bradesco Altman Z Score, Banco Bradesco Correlation, Banco Bradesco Valuation, as well as analyze Banco Bradesco Alpha and Beta and Banco Bradesco Hype Analysis.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banco Bradesco. If investors know Banco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banco Bradesco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.436
Dividend Share
1.114
Earnings Share
0.21
Revenue Per Share
7.098
Quarterly Revenue Growth
0.429
The market value of Banco Bradesco SA is measured differently than its book value, which is the value of Banco that is recorded on the company's balance sheet. Investors also form their own opinion of Banco Bradesco's value that differs from its market value or its book value, called intrinsic value, which is Banco Bradesco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banco Bradesco's market value can be influenced by many factors that don't directly affect Banco Bradesco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Banco Bradesco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Banco Bradesco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Bradesco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.