- B3 is planning a capital expenditure ranging from R$260 million to R$350 million for the year 2026.
- The company anticipates adjusted operating expenses between R$2.40 billion and R$2.60 billion.
- B3 expects to maintain a dividend payout ratio between 90% and 110% in 2026.
- Depreciation and amortization are estimated to be between R$370 million and R$430 million.
- Financial leverage for 2026 is projected to be up to 2.2 times.
- Analysts’ recommendations for B3 include 8 buy ratings, 9 hold ratings, and no sell ratings.
B3 – Brasil Bolsa Balcao on Smartkarma
Analyst coverage on B3 – Brasil Bolsa Balcao on Smartkarma highlights the insights of Victor Galliano in the research report titled “GEM Exchanges β Scorecard Confirms Brazilian Exchange B3 (B3SA3 BZ) As Our Top Pick.” Galliano leans bullish on B3, identifying it as a buy due to its attractive value and low PEG ratio. Comparatively, other exchanges like HKEx are downgraded to neutral, and BSE to sell, citing rich valuations and potential negative earnings surprises.
Galliano’s analysis underscores B3 as a standout investment due to its high share of total revenues among peers and underestimated post-trade revenues. The report emphasizes the reasoning behind the buy rating for B3, while cautioning against a neutral stance on HKEx and a sell rating on BSE based on their respective valuation metrics and growth prospects. Through Smartkarma, independent analysts like Victor Galliano provide valuable insights for investors navigating the complexities of the financial markets.
A look at B3 – Brasil Bolsa Balcao Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores analysis, B3 – Brasil Bolsa Balcao shows a positive long-term outlook. The company scores well in Growth and Resilience, with a score of 4 and 5 respectively, indicating strong potential for growth and stability. Additionally, the Momentum score of 4 suggests positive market sentiment towards the company’s performance. Both Value and Dividend scores stand at 2, reflecting moderate performance in these areas.
Overall, with a solid Growth and Resilience score, along with positive Momentum, B3 – Brasil Bolsa Balcao appears to be well-positioned for long-term success in the regional exchange market. Investors may find the company attractive for its growth potential and stability in the market.
Summary of the company:
### B3 S.A. – Brasil, Bolsa, Balcao operates as a regional exchange. The Company provides integrated business model, including clearing and settlement activities, central depository services, and financial products for trading in equity, commodity, and derivatives. B3 S.A. – Brasil, Bolsa, Balcao serves customers worldwide. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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