Banestes S.A - Banco do Estado do Espírito Santo (BEES3) - Net Assets

Latest as of September 2025: R$2.45 Billion BRL ≈ $480.29 Million USD

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 (≈ $480.29 Million USD) 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 ≈ $7.68 Billion USD) and total liabilities (R$36.68 Billion ≈ $7.20 Billion USD). 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. Check BEES3 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore BEES3 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is Banestes S.A - Banco do Estado do Espíri worth.

Year	Net Assets	Change
2024-12-31	R$2.31 Billion ≈ $453.96 Million	+9.09%
2023-12-31	R$2.12 Billion ≈ $416.14 Million	+4.20%
2022-12-31	R$2.04 Billion ≈ $399.36 Million	+7.71%
2021-12-31	R$1.89 Billion ≈ $370.79 Million	-90.04%
2020-12-31	R$18.97 Billion ≈ $3.72 Billion	+1079.37%
2019-12-31	R$1.61 Billion ≈ $315.59 Million	+7.80%
2018-12-31	R$1.49 Billion ≈ $292.76 Million	+7.07%
2017-12-31	R$1.39 Billion ≈ $273.42 Million	+10.39%
2016-12-31	R$1.26 Billion ≈ $247.69 Million	+8.77%
2015-12-31	R$1.16 Billion ≈ $227.72 Million	+9.31%
2014-12-31	R$1.06 Billion ≈ $208.32 Million	+9.71%
2013-12-31	R$967.68 Million ≈ $189.88 Million	+26.18%
2012-12-31	R$766.90 Million ≈ $150.48 Million	-8.62%
2011-12-31	R$839.21 Million ≈ $164.67 Million	+4.43%
2010-12-31	R$803.64 Million ≈ $157.69 Million	+13.80%
2009-12-31	R$706.19 Million ≈ $138.57 Million	+24.47%
2008-12-31	R$567.37 Million ≈ $111.33 Million	+27.46%
2007-12-31	R$445.13 Million ≈ $87.34 Million	+37.58%
2006-12-31	R$323.54 Million ≈ $63.48 Million	+57.63%
2005-12-31	R$205.25 Million ≈ $40.27 Million	+68.65%
2004-12-31	R$121.70 Million ≈ $23.88 Million	+39.48%
2003-12-31	R$87.26 Million ≈ $17.12 Million	+51.39%
2002-12-31	R$57.64 Million ≈ $11.31 Million	-38.98%
2001-12-31	R$94.46 Million ≈ $18.53 Million	+8.92%
2000-12-31	R$86.72 Million ≈ $17.02 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
Falcon's Beyond Global, Inc. Class A Common Stock NASDAQ:FBYD	$454.80 Million
Hangzhou Innover Technology Co Ltd SHE:002767	$454.80 Million
Bridge Investment Group Holdings Inc NYSE:BRDG	$454.85 Million
Swarmer, Inc Common Stock NASDAQ:SWMR	$454.92 Million
Lux Industries Limited NSE:LUXIND	$454.71 Million
Pondy Oxides & Chemicals Limited NSE:POCL	$454.63 Million
Mercuries & Associates Holding Ltd TW:2905	$454.62 Million
Zhejiang Tailin Bioengineering Co Ltd SHE:300813	$454.55 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: 1.25x
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 6.21x to 1.25x 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$9.12	x
2008-12-31	R$1.87	R$9.12	x
2009-12-31	R$2.33	R$9.12	x
2010-12-31	R$2.65	R$9.12	x
2011-12-31	R$2.64	R$9.12	x
2012-12-31	R$2.52	R$9.12	x
2013-12-31	R$3.06	R$9.12	x
2014-12-31	R$3.36	R$9.12	x
2015-12-31	R$3.67	R$9.12	x
2016-12-31	R$4.00	R$9.12	x
2017-12-31	R$4.41	R$9.12	x
2018-12-31	R$4.72	R$9.12	x
2019-12-31	R$5.09	R$9.12	x
2020-12-31	R$5.43	R$9.12	x
2021-12-31	R$5.98	R$9.12	x
2022-12-31	R$6.44	R$9.12	x
2023-12-31	R$6.71	R$9.12	x
2024-12-31	R$7.32	R$9.12	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: $33,617,882,996
Average return on equity (ROE) among peers: 15.53%

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	$454.73 Million
Banco da Amazônia S.A (BAZA3)	$1.71 Billion	10.71%	6.26x	$929.25 Million
Banco do Brasil S.A. (BBAS3)	$163.59 Billion	19.02%	11.40x	$24.88 Billion
Banco Bradesco S.A. (BBDC3)	$26.49 Billion	24.39%	8.76x	$17.38 Billion
Banco Mercantil do Brasil S.A (BMEB3)	$748.84 Million	10.72%	13.05x	$812.53 Million
Banco do Nordeste do Brasil S.A (BNBR3)	$1.60 Billion	13.71%	7.83x	$2.32 Billion
Banco Alfa de Investimento S.A (BRIV3)	$852.90 Million	15.71%	12.55x	$134.78 Million
Banco do Estado do Rio Grande do Sul S.A (BRSR3)	$9.05 Billion	10.48%	10.56x	$718.24 Million
Itaú Unibanco Holding S.A. (ITUB3)	$11.43 Billion	24.75%	6.37x	$48.01 Billion
Banco Santander (Brasil) S.A. (SANB11)	$87.09 Billion	10.25%	6.41x	$21.29 Billion

About Banestes S.A - Banco do Estado do Espírito Santo

SA:BEES3 Brazil Banks - Regional

Market Cap

$454.73 Million

R$2.32 Billion BRL

Market Cap Rank

#13036 Global

#128 in Brazil

Share Price

R$9.12

Change (1 day)

+2.70%

52-Week Range

R$7.80 - R$9.30

All Time High

R$9.45