Banestes S.A - Banco do Estado do Espírito Santo
Banestes S.A - Banco do Estado do Espírito Santo S.A. operates as a multiple-service bank in Brazil. The company operates through Financial, and Insurance and Others segments. It operates in the areas of insurance and distribution, intermediation, and administration of third-party resources. The company also offers asset and fund management; administration and intermediation of securities, insura… Read more
Banestes S.A - Banco do Estado do Espírito Santo (BEES3) - Net Assets
Latest net assets as of September 2025: R$2.45 Billion BRL
Based on the latest financial reports, Banestes S.A - Banco do Estado do Espírito Santo (BEES3) has net assets worth R$2.45 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$39.13 Billion) and total liabilities (R$36.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$2.45 Billion |
| % of Total Assets | 6.26% |
| Annual Growth Rate | 14.66% |
| 5-Year Change | -87.8% |
| 10-Year Change | 99.35% |
| Growth Volatility | 215.3 |
Banestes S.A - Banco do Estado do Espírito Santo - Net Assets Trend (2000–2024)
This chart illustrates how Banestes S.A - Banco do Estado do Espírito Santo's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Banestes S.A - Banco do Estado do Espírito Santo (2000–2024)
The table below shows the annual net assets of Banestes S.A - Banco do Estado do Espírito Santo from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$2.31 Billion | +9.09% |
| 2023-12-31 | R$2.12 Billion | +4.20% |
| 2022-12-31 | R$2.04 Billion | +7.71% |
| 2021-12-31 | R$1.89 Billion | -90.04% |
| 2020-12-31 | R$18.97 Billion | +1079.37% |
| 2019-12-31 | R$1.61 Billion | +7.80% |
| 2018-12-31 | R$1.49 Billion | +7.07% |
| 2017-12-31 | R$1.39 Billion | +10.39% |
| 2016-12-31 | R$1.26 Billion | +8.77% |
| 2015-12-31 | R$1.16 Billion | +9.31% |
| 2014-12-31 | R$1.06 Billion | +9.71% |
| 2013-12-31 | R$967.68 Million | +26.18% |
| 2012-12-31 | R$766.90 Million | -8.62% |
| 2011-12-31 | R$839.21 Million | +4.43% |
| 2010-12-31 | R$803.64 Million | +13.80% |
| 2009-12-31 | R$706.19 Million | +24.47% |
| 2008-12-31 | R$567.37 Million | +27.46% |
| 2007-12-31 | R$445.13 Million | +37.58% |
| 2006-12-31 | R$323.54 Million | +57.63% |
| 2005-12-31 | R$205.25 Million | +68.65% |
| 2004-12-31 | R$121.70 Million | +39.48% |
| 2003-12-31 | R$87.26 Million | +51.39% |
| 2002-12-31 | R$57.64 Million | -38.98% |
| 2001-12-31 | R$94.46 Million | +8.92% |
| 2000-12-31 | R$86.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banestes S.A - Banco do Estado do Espírito Santo's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8573.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$745.02 Million | 32.20% |
| Common Stock | R$1.60 Billion | 69.16% |
| Other Comprehensive Income | R$-31.48 Million | -1.36% |
| Total Equity | R$2.31 Billion | 100.00% |
Banestes S.A - Banco do Estado do Espírito Santo Competitors by Market Cap
The table below lists competitors of Banestes S.A - Banco do Estado do Espírito Santo ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global InterConnection Group Limited
F:9OD
|
$37.47 Million |
|
Skyharbour Resources Ltd
OTCQX:SYHBF
|
$37.48 Million |
|
Go Hub Capital Berhad
KLSE:0311
|
$37.48 Million |
|
Kortek Corporation
KQ:052330
|
$37.48 Million |
|
Vaccibody AS
F:5VB
|
$37.47 Million |
|
China Everbright Greentech Limited
F:CK7
|
$37.46 Million |
|
InspireMD Inc
NASDAQ:NSPR
|
$37.44 Million |
|
Osang Healthcare Co.,Ltd
KQ:036220
|
$37.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banestes S.A - Banco do Estado do Espírito Santo's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,120,818,000 to 2,313,548,000, a change of 192,730,000 (9.1%).
- Net income of 428,634,000 contributed positively to equity growth.
- Dividend payments of 58,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 25,361,000.
- Other factors decreased equity by 152,543,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$428.63 Million | +18.53% |
| Dividends Paid | R$58.00 Million | -2.51% |
| Other Comprehensive Income | R$-25.36 Million | -1.1% |
| Other Changes | R$-152.54 Million | -6.59% |
| Total Change | R$- | 9.09% |
Book Value vs Market Value Analysis
This analysis compares Banestes S.A - Banco do Estado do Espírito Santo's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.85x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | R$1.47 | R$8.60 | x |
| 2008-12-31 | R$1.87 | R$8.60 | x |
| 2009-12-31 | R$2.33 | R$8.60 | x |
| 2010-12-31 | R$2.65 | R$8.60 | x |
| 2011-12-31 | R$2.64 | R$8.60 | x |
| 2012-12-31 | R$2.52 | R$8.60 | x |
| 2013-12-31 | R$3.06 | R$8.60 | x |
| 2014-12-31 | R$3.36 | R$8.60 | x |
| 2015-12-31 | R$3.67 | R$8.60 | x |
| 2016-12-31 | R$4.00 | R$8.60 | x |
| 2017-12-31 | R$4.41 | R$8.60 | x |
| 2018-12-31 | R$4.72 | R$8.60 | x |
| 2019-12-31 | R$5.09 | R$8.60 | x |
| 2020-12-31 | R$5.43 | R$8.60 | x |
| 2021-12-31 | R$5.98 | R$8.60 | x |
| 2022-12-31 | R$6.44 | R$8.60 | x |
| 2023-12-31 | R$6.71 | R$8.60 | x |
| 2024-12-31 | R$7.32 | R$8.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banestes S.A - Banco do Estado do Espírito Santo utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.73%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 15.96x
- Recent ROE (18.53%) is below the historical average (19.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.92% | 1.69% | 0.24x | 21.86x | R$-923.20K |
| 2001 | 10.93% | 2.46% | 0.23x | 19.22x | R$866.90K |
| 2003 | 37.18% | 6.21% | 0.23x | 26.12x | R$23.44 Million |
| 2004 | 34.35% | 8.13% | 0.18x | 23.04x | R$29.36 Million |
| 2005 | 37.60% | 9.85% | 0.19x | 19.68x | R$56.31 Million |
| 2006 | 41.39% | 15.62% | 0.16x | 16.14x | R$101.50 Million |
| 2007 | 36.09% | 19.68% | 0.12x | 15.91x | R$116.14 Million |
| 2008 | 28.43% | 11.54% | 0.16x | 15.03x | R$104.57 Million |
| 2009 | 21.10% | 10.75% | 0.15x | 13.05x | R$78.39 Million |
| 2010 | 17.69% | 10.51% | 0.14x | 12.07x | R$61.81 Million |
| 2011 | 9.57% | 5.63% | 0.14x | 12.29x | R$-3.63 Million |
| 2012 | 9.57% | 5.21% | 0.11x | 16.54x | R$-3.29 Million |
| 2013 | 11.36% | 6.11% | 0.13x | 14.51x | R$13.18 Million |
| 2014 | 12.59% | 5.90% | 0.15x | 14.19x | R$27.53 Million |
| 2015 | 13.00% | 5.49% | 0.15x | 15.64x | R$34.81 Million |
| 2016 | 12.78% | 4.66% | 0.14x | 20.29x | R$35.12 Million |
| 2017 | 12.57% | 5.48% | 0.14x | 16.33x | R$35.87 Million |
| 2018 | 12.13% | 6.69% | 0.10x | 18.72x | R$31.85 Million |
| 2019 | 13.29% | 8.02% | 0.11x | 14.75x | R$52.90 Million |
| 2020 | 13.52% | 11.00% | 0.07x | 17.79x | R$60.41 Million |
| 2021 | 13.26% | 9.48% | 0.08x | 18.00x | R$61.62 Million |
| 2022 | 16.22% | 6.13% | 0.15x | 18.07x | R$126.51 Million |
| 2023 | 15.27% | 6.00% | 0.13x | 19.53x | R$111.72 Million |
| 2024 | 18.53% | 8.73% | 0.13x | 15.96x | R$197.28 Million |
Industry Comparison
This section compares Banestes S.A - Banco do Estado do Espírito Santo's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $13,656,714,194
- Average return on equity (ROE) among peers: 12.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banestes S.A - Banco do Estado do Espírito Santo (BEES3) | R$2.45 Billion | 8.92% | 14.99x | $37.47 Million |
| Banco da Amazônia S.A (BAZA3) | $4.84 Billion | 23.18% | 6.15x | $23.06 Million |
| Banco Bradesco S.A. (BBDC3) | $59.38 Billion | 18.45% | 11.16x | $20.38 Billion |
| Banco Mercantil de Investimentos S.A (BMIN3) | $123.08 Million | 1.81% | 0.44x | $1.30 Million |
| Banco Alfa de Investimento S.A (BRIV3) | $926.01 Million | 10.83% | 12.15x | $52.75 Million |
| Banco do Estado do Rio Grande do Sul S.A (BRSR3) | $10.41 Billion | 8.79% | 13.16x | $642.78 Million |
| Inter & Co Inc (INBR32) | $2.16 Billion | 1.28% | 3.67x | $417.84 Million |
| Itaú Unibanco Holding S.A. (ITUB3) | $17.75 Billion | 26.11% | 5.51x | $39.88 Billion |