Stock fact sheet · data as of
Banco Bradesco S.A. (BBD): fair value, margin of safety and Wheel Score
Ticker symbol BBD · Financial Services · Banks - Regional · Brazil · ADR · Blend Income
BBD is an American depositary share (ADR): the US listing of Banco Bradesco S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is BBD undervalued?
BBD has a margin of safety of 86%: the stock closed at 2.57 on 5 Nov 2026 against a GLS average fair value of 17.92. 8 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 8 models disagree widely: Lynch gives 3.74 while Payback Time gives 48.94. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for BBD, so the nightly engine files it under Blend (value score 90, growth score 84, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BBD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 5.74 | +123% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 11.41 | +344% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.74 | +45% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 30.26 | +1078% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 34.02 | +1224% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 48.94 | +1804% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.79 | +47% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 5.49 | +114% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -31.44 | -1323% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.05 | +58% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health BBD scores 9/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 6.6 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 2.4%, ROE 13.3%, ROA 1.0% - with debt at 4.45 times equity and a free-cash-flow yield of 68.7%. Debt of 4.45 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 10.02% (payout ratio 70%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 29 Sep 2026.
| Piotroski F-score | 9 / 9 | ROIC | 2.4% |
|---|---|---|---|
| GLS Moat | 6.6 / 10 | ROE | 13.3% |
| Debt / equity | 4.45 | ROA | 1.0% |
| Free-cash-flow yield | 68.7% | Payout ratio | 70% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 59: Fair
BBD scores 59 out of 100 on the Wheel Score (Fair band, 50-69) because it fails filter 9, not a penny stock - price 2.57 (under $5). A stock must pass all 9 Wheel Trade Filters to reach 70. Otherwise the parts read: value strong, premium strong, moat good, health strong, red flags good, option trading good, stability strong.
Implied volatility is 43% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 54,076 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 79.3M shares a day on a market cap of $28.3B, with a beta of 0.23 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Fails | price 2.57 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 86% below fair value | |
| Premium | Strong | implied volatility 43% | |
| Moat | Good | moat 6.6/10 | |
| Health | Strong | Piotroski 9/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Good | 1,283 contracts a day, 54,076 open interest | |
| Stability | Strong | beta 0.23, $28.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BBD in the nightly calendar. The shares go ex-dividend on 5 Nov 2026 (0.0038 per share), so a covered call sold before then carries a small early-assignment risk around that date.
In the last 30 days analysts logged 1 upgrade and 3 downgrades on BBD; the latest action was a downgrade by Bradesco on 29 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Banco Bradesco S.A. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CFG Citizens Financial Group, Inc. | 65.90 | 79.25 | +17% | 70Good | $27.6B |
| FCNCP First Citizens BancShares, Inc. | 18.13 | 2,716.08 | +99% | 40No options | $27.3B |
| BBDO Banco Bradesco S.A. | 2.44 | 16.58 | +85% | 40No options | $27.3B |
| SHG Shinhan Financial Group Co., Ltd. | 65.06 | 212.28 | +69% | 52Fair | $30.1B |
| FCNCA First Citizens BancShares, Inc. | 2,331.85 | 5,770.93 | +60% | 50Fair | $25.9B |
| HBANP Huntington Bancshares Incorporated | 15.02 | 17.34 | +13% | 28No options | $31.9B |
| HBAN Huntington Bancshares Incorporated | 16.06 | 17.83 | +10% | 41Weak | $32.4B |
| RF Regions Financial Corporation | 29.03 | 29.12 | +0% | 36Weak | $24.7B |
| MTB M&T Bank Corporation | 224.64 | 367.14 | +39% | 75Good | $32.4B |
| HBANM Huntington Bancshares Incorporated | 18.95 | 19.20 | +1% | 23No options | $32.5B |
| HBANZ Huntington Bancshares Incorporated | 18.20 | 15.90 | -14% | 15No options | $32.8B |
| FCNCB First Citizens BancShares, Inc. | 1,830.00 | 5,222.46 | +65% | 40No options | $24.4B |
⚖ Compare BBD with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BBD
Is BBD undervalued right now?
By the GLS models, yes: at 2.57 the stock is 86% below the average fair value of 17.92 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BBD and what does it mean?
BBD scores 59 out of 100 (Fair) - it fails Wheel Trade Filter 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BBD?
17.92 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Banco Bradesco S.A. report earnings next?
No upcoming earnings date is recorded for BBD in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BBD have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 54,076 open interest across all expiries and implied volatility of 43% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is BBD an ADR?
Yes. BBD is an American depositary share (ADR): the US listing of Banco Bradesco S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.