Banco BTG Pactual S.A.
Banco BTG Pactual S.A. provides financial products and services regarding commercial, investments, credit, financing, capital lease, insurance, and foreign exchange portfolios in Brazil and internationally. The company also offers personal investment services for a customized investment portfolio; international banking account services, including debit card, transfer, payment and receipt, and cus… Read more
Banco BTG Pactual S.A. (BPAC11) - Net Assets
Latest net assets as of December 2025: R$76.91 Billion BRL
Based on the latest financial reports, Banco BTG Pactual S.A. (BPAC11) has net assets worth R$76.91 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$805.97 Billion) and total liabilities (R$729.06 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$76.91 Billion |
| % of Total Assets | 9.54% |
| Annual Growth Rate | 19.23% |
| 5-Year Change | 89.83% |
| 10-Year Change | -29.24% |
| Growth Volatility | 165.45 |
Banco BTG Pactual S.A. - Net Assets Trend (2008–2025)
This chart illustrates how Banco BTG Pactual S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Banco BTG Pactual S.A. (2008–2025)
The table below shows the annual net assets of Banco BTG Pactual S.A. from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$76.91 Billion | +21.05% |
| 2024-12-31 | R$63.53 Billion | +18.68% |
| 2023-12-31 | R$53.54 Billion | +14.85% |
| 2022-12-31 | R$46.61 Billion | +15.05% |
| 2021-12-31 | R$40.51 Billion | -72.37% |
| 2020-12-31 | R$146.64 Billion | +574.55% |
| 2019-12-31 | R$21.74 Billion | +15.69% |
| 2018-12-31 | R$18.79 Billion | -83.80% |
| 2017-12-31 | R$116.00 Billion | +6.73% |
| 2016-12-31 | R$108.69 Billion | +433.72% |
| 2015-12-31 | R$20.36 Billion | +31.42% |
| 2014-12-31 | R$15.50 Billion | +20.90% |
| 2013-12-31 | R$12.82 Billion | +22.73% |
| 2012-12-31 | R$10.44 Billion | +59.54% |
| 2011-12-31 | R$6.55 Billion | +18.20% |
| 2010-12-31 | R$5.54 Billion | +73.67% |
| 2009-12-31 | R$3.19 Billion | -17.51% |
| 2008-12-31 | R$3.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banco BTG Pactual S.A.'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 224.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$7.86 Billion | 11.24% |
| Common Stock | R$62.42 Billion | 89.20% |
| Total Equity | R$69.97 Billion | 100.00% |
Banco BTG Pactual S.A. Competitors by Market Cap
The table below lists competitors of Banco BTG Pactual S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Woodside Petroleum Ltd
PINK:WOPEF
|
$25.56 Billion |
|
RWE AG ST O.N.
LSE:0HA0
|
$25.59 Billion |
|
FirstRand Limited
F:FSRA
|
$25.74 Billion |
|
DexCom Inc
NASDAQ:DXCM
|
$25.79 Billion |
|
Raymond James Financial Inc.
NYSE:RJF
|
$25.49 Billion |
|
Expand Energy Corporation
NASDAQ:EXE
|
$25.47 Billion |
|
Royal Bank of Canada (Montreal Quebec) Pfd Shs Ser AA
OTCGREY:RYLBF
|
$25.45 Billion |
|
Fanuc Corporation
PINK:FANUF
|
$25.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco BTG Pactual S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,466,518,000 to 69,969,626,000, a change of 12,503,108,000 (21.8%).
- Net income of 15,947,050,000 contributed positively to equity growth.
- Dividend payments of 4,019,818,000 reduced retained earnings.
- Share repurchases of 109,771,000 reduced equity.
- Other comprehensive income decreased equity by 4,270,270,999.
- Other factors increased equity by 4,955,917,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$15.95 Billion | +22.79% |
| Dividends Paid | R$4.02 Billion | -5.75% |
| Share Repurchases | R$109.77 Million | -0.16% |
| Other Comprehensive Income | R$-4.27 Billion | -6.1% |
| Other Changes | R$4.96 Billion | +7.08% |
| Total Change | R$- | 21.76% |
Book Value vs Market Value Analysis
This analysis compares Banco BTG Pactual S.A.'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: 3.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.87x to 3.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | R$3.08 | R$55.11 | x |
| 2009-12-31 | R$2.54 | R$55.11 | x |
| 2010-12-31 | R$2.31 | R$55.11 | x |
| 2011-12-31 | R$2.64 | R$55.11 | x |
| 2012-12-31 | R$4.02 | R$55.11 | x |
| 2013-12-31 | R$4.60 | R$55.11 | x |
| 2014-12-31 | R$5.49 | R$55.11 | x |
| 2015-12-31 | R$7.33 | R$55.11 | x |
| 2016-12-31 | R$6.55 | R$55.11 | x |
| 2017-12-31 | R$6.85 | R$55.11 | x |
| 2018-12-31 | R$3.99 | R$55.11 | x |
| 2019-12-31 | R$4.54 | R$55.11 | x |
| 2020-12-31 | R$5.95 | R$55.11 | x |
| 2021-12-31 | R$7.85 | R$55.11 | x |
| 2022-12-31 | R$8.90 | R$55.11 | x |
| 2023-12-31 | R$10.41 | R$55.11 | x |
| 2024-12-31 | R$12.07 | R$55.11 | x |
| 2025-12-31 | R$14.70 | R$55.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco BTG Pactual S.A. 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): 22.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.67%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 11.52x
- Recent ROE (22.79%) is above the historical average (17.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 21.70% | 47.95% | 0.09x | 4.99x | R$452.30 Million |
| 2009 | 19.74% | 29.36% | 0.10x | 6.85x | R$310.43 Million |
| 2010 | 14.73% | 19.96% | 0.06x | 13.19x | R$261.78 Million |
| 2011 | 21.07% | 20.74% | 0.08x | 13.01x | R$701.28 Million |
| 2012 | 20.60% | 21.02% | 0.08x | 12.02x | R$1.10 Billion |
| 2013 | 19.85% | 20.50% | 0.10x | 9.68x | R$1.23 Billion |
| 2014 | 14.21% | 39.22% | 0.03x | 10.58x | R$626.85 Million |
| 2015 | 3.66% | 261.20% | 0.00x | 11.29x | R$-1.28 Billion |
| 2016 | 31.36% | 35.90% | 0.13x | 6.54x | R$3.64 Billion |
| 2017 | 12.72% | 43.83% | 0.05x | 6.27x | R$509.36 Million |
| 2018 | 6.80% | 15.31% | 0.05x | 8.55x | R$-600.50 Million |
| 2019 | 17.90% | 24.93% | 0.09x | 7.69x | R$1.69 Billion |
| 2020 | 14.90% | 41.49% | 0.04x | 9.18x | R$1.31 Billion |
| 2021 | 16.97% | 37.16% | 0.05x | 9.26x | R$2.60 Billion |
| 2022 | 18.51% | 26.67% | 0.07x | 10.63x | R$3.60 Billion |
| 2023 | 20.10% | 12.32% | 0.16x | 9.99x | R$4.99 Billion |
| 2024 | 20.52% | 14.71% | 0.12x | 11.26x | R$6.04 Billion |
| 2025 | 22.79% | 13.67% | 0.14x | 11.52x | R$8.95 Billion |
Industry Comparison
This section compares Banco BTG Pactual S.A.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $783,298,000
- Average return on equity (ROE) among peers: 22.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco BTG Pactual S.A. (BPAC11) | R$76.91 Billion | 21.70% | 9.48x | $25.50 Billion |
| BR Advisory Partners (BRBI11) | $783.30 Million | 22.35% | 21.32x | $324.30 Million |