Itaú Unibanco logged a 3.1% change during today's afternoon session, and is now trading at a price of $6.03 per share.
Itaú Unibanco returned losses of -8.3% last year, with its stock price reaching a high of $7.27 and a low of $5.62. Over the same period, the stock underperformed the S&P 500 index by -39.8%. AThe company's 50-day average price was $6.26. Itaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The Large-Cap Finance company is headquartered in São Paulo, Brazil. Itaú Unibanco has offered a 27.5% dividend yield over the last 12 months.
Overview of Financial Statements:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $104,200 | $117,079 | $100,199 | $126,374 | $142,279 | $154,971 |
| Net Margins | 24% | 23% | 19% | 21% | 21% | 21% |
| Net Income (M) | $24,907 | $27,113 | $18,896 | $26,760 | $29,207 | $33,105 |
| Diluted Shares (M) | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 | 4,958 |
| Earnings Per Share | $5.02 | $5.47 | $3.81 | $5.4 | $5.89 | $6.68 |
| Free Cash Flow (M) | $29,723 | $35,160 | $59,491 | $54,306 | $129,633 | $77,493 |
Itaú Unibanco Is Potentially Undervalued and Its Shares Are on Sale:
Itaú Unibanco has a trailing twelve month P/E ratio of 9.2, compared to an average of 20.04 for the Finance sector. Based on its EPS guidance of $0.88, the company has a forward P/E ratio of 7.1. The -22.0% compound average growth rate of Itaú Unibanco's historical and projected earnings per share yields a PEG ratio of -0.42. This indicates that its shares are overvalued.In contrast, the market is likely undervaluing Itaú Unibanco in terms of its equity because its P/B ratio is 0.31 while the sector average is 1.86. The company's shares are currently trading -92.2% above their Graham number.
Itaú Unibanco Has an Average Rating of Buy:
The 7 analysts following Itaú Unibanco have set target prices ranging from $5.7 to $8.6 per share, for an average of $7.39 with a buy rating. The company is trading -18.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Itaú Unibanco has a very low short interest because 0.5% of the company's shares are sold short. Institutions own 21.7% of the company's shares, and the insider ownership rate stands at 0.0%, suggesting a small amount of insider investors. The largest shareholder is Schroder Investment Management Group, whose 2% stake in the company is worth $501,238,280.
