Financials & FinTech research, Galliano’s Financials Research

Victor Galliano

Financials & FinTech research

Accelerating Tomorrow’s Independent Research

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Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/24513" target="_blank" data-smartkarma-citation="entities:24513:1">Itausa-Investimentos Itau-Pr (ITSA4 BZ)</a> is the main indirect vehicle through which to gain discounted equity exposure to premium ROE-generating Brazilian bank, <a href="https://www.smartkarma.com/entities/24550" target="_blank" data-smartkarma-citation="entities:24550:1">Itau Unibanco Holding Sa (ITUB4 BZ)</a>.</li>
<li>Itausa trades at a 24% discount to its NAV, with Itau Unibanco accounting for 91% of the asset value of the holding.</li>
<li>The current NAV discount is close to the 10-year high of 28%, and wider than the 10-year average discount of 21% and the 10-year low of 16%.</li>
</ul>



Itausa-Investimentos Itau-Pr (ITSA4 BZ) is the main indirect vehicle through which to gain discounted equity exposure to premium ROE-generating Brazilian bank, Itau Unibanco Holding Sa (ITUB4 BZ).
Itausa trades at a 24% discount to its NAV, with Itau Unibanco accounting for 91% of the asset value of the holding.
The current NAV discount is close to the 10-year high of 28%, and wider than the 10-year average discount of 21% and the 10-year low of 16%.


Itausa: Discounted Access to Premium Quality Itau

Brazil

Itaúsa is a Brazilian multinational conglomerate holding company engaged in long-term value creation through active ownership of a concentrated portfolio of operating businesses. The company's main activities include investments in financial services, through Itaú Unibanco, and industrial business areas such as building materials, consumer goods, sanitation, and energy. It was founded in 1966 and is headquartered in São Paulo, Brazil.

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Itaúsa (ITSA4 BR)

Itausa: Discounted Access to Premium Quality Itau

Itausa-Investimentos Itau-Pr (ITSA4 BZ) is the main indirect vehicle through which to gain discounted equity exposure to premium ROE-generating...

Boost Research

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52-week Range

Market Cap (USDm)

P/E

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