- Itausa’s third-quarter net income reached R$4.21 billion, marking a 10% increase compared to the previous year.
- Recurring net income for the same period grew by 6.1%, totaling R$4.12 billion.
- Net debt decreased significantly by 26% year-over-year to R$697 million.
- Total assets rose to R$92.41 billion, an increase of 6.9% from the previous year.
- The return on average equity improved to 18.5% from 18% year-over-year.
- For the first nine months of the year, net income totaled R$12.19 billion, reflecting a 10% rise year-over-year.
- Analyst recommendations indicate strong confidence with seven buy ratings, and no holds or sells.
Itausa on Smartkarma
Analysts on Smartkarma, such as Victor Galliano, provide valuable insights into companies like Itausa. In his report titled “Itausa (ITSA4 BZ): Itaú Unibanco Premium Rating Limits Holding Company Upside,” Galliano expresses a bearish sentiment despite Itausa trading at a 25% NAV discount. He notes that the high PBV ratio of Itaú Unibanco, a key contributor to Itausa’s NAV, limits the return potential and subsequently the upside for Itausa shares. This has led to the downgrade of Itausa to a neutral rating from a buy. Galliano highlights the decoupling performance of the two shares in recent months, indicating a cautious outlook.
A look at Itausa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Itausa SA, an investment holding company operating in various sectors such as financial services, wood paneling, ceramic products, and more, is poised for a stable and positive long-term outlook according to Smartkarma’s Smart Scores. With above-average ratings in Dividend, Growth, Resilience, and Momentum, Itausa is showing signs of being a strong player in the market for the foreseeable future. Investors can look to Itausa for consistent dividend payouts, promising growth potential, resilience in challenging market conditions, and positive momentum indicators.
Overall, Itausa’s Smart Scores indicate a solid foundation and positive trajectory, suggesting strong performance across key factors that drive long-term success and stability in the market. With a diverse portfolio of investments across different sectors, Itausa is well-positioned to weather market fluctuations and continue delivering value to its shareholders. The higher scores in Dividend, Growth, Resilience, and Momentum underscore Itausa’s potential for sustained growth and profitability in the long run.
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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