B3 · BRL

BEES3

Banestes S.A. - Banco do Estado do Espirito Santo

R$9.13+0.77% (R$0.07)
Day's range
R$9.06 – R$9.20
Day's volume
R$123.3k
52-week range
R$7.77 – R$9.44

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BEES3 in numbers

Market cap
R$3.2bn
P/E
7.12
P/B
1.26
Dividend yield (12m)
9.41%

The 12-month dividend yield of BEES3 is 9.41%, above its 5-year average of 8.77%.

BEES3 price history

01/10/202530/09/2026
Compare with

BEES3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+20.60%+41.62%+201.76%
Volatility (annualised)11.55%13.68%17.18%
Largest drawdown-4.23%-11.77%-11.77%
Positive months7/1218/3634/60

How much did investing in BEES3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$3,017.58 today.

Value today in BEES3
R$3,017.58
Return over the period
+201.76%
Return per year
+24.72%
In the Ibovespa
R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BEES3 fundamentals

Valuation

  • P/E
    7.12
  • P/B
    1.26
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.55
  • P/EBIT
    —
  • P/S
    0.55
  • P/OCF
    5.21
  • P/FCF
    -0.98
  • Earnings yield
    —
  • PEG ratio
    1.06
  • Earnings per share
    R$1.28
  • Book value per share
    R$7.23

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.06
  • Quick ratio
    0.14
  • Cash ratio
    —

Efficiency

  • Gross margin
    28.63%
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    7.61%
  • Asset turnover
    0.14

Profitability

  • ROE
    17.75%
  • ROA
    1.04%
  • ROIC
    —
  • Payout
    67.01%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    17.99%
  • Earnings growth (year)
    5.34%
  • Revenue growth (quarter)
    21.90%
  • Earnings growth (quarter)
    6.69%

What is BEES3's fair price?

Two classic value formulas, with today's numbers. The current price is R$9.13.

Graham's fair price
R$14.44
58.19% above the price

√(22.50 × R$1.28 × R$7.23)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$9.78
7.10% above the price

R$0.59 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

BEES3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E6.836.868.125.286.117.439.258.49
P/B1.161.161.420.880.841.021.250.89
Dividend yield8.75%8.85%7.28%11.63%7.33%4.73%5.25%6.55%
Earnings per shareR$1.19R$1.24R$1.17R$1.04R$0.79R$0.73R$0.68R$0.49
Book value per shareR$6.97R$7.32R$6.71R$6.31R$5.80R$5.33R$5.03R$4.66
ROE17.06%16.96%17.48%16.57%13.67%13.76%13.54%10.44%
Gross margin28.67%31.98%28.15%26.05%43.46%56.19%40.99%38.88%
Net margin7.57%8.48%7.22%6.90%11.87%15.02%10.24%7.10%

BEES3 financial statements

Line202520242023202220212020
Net revenueR$5.5bnR$4.6bnR$5.1bnR$4.8bnR$2.1bnR$1.5bn
Cost of sales-R$3.9bn-R$3.1bn-R$3.7bn-R$3.5bn-R$1.2bn-R$676.2m
Gross profitR$1.6bnR$1.5bnR$1.4bnR$1.2bnR$917.6mR$867.3m
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxR$404.6mR$595.6mR$432.7mR$509.1mR$342.6mR$331.8m
Income tax-R$64.7m-R$166.9m-R$108.9m-R$163.3m-R$112.1m-R$110.2m
Net incomeR$413.4mR$392.5mR$370.6mR$330mR$250.6mR$231.8m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BEES3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
BEES3Bco Est Espirito Santo7.121.269.41%17.75%R$3.2bn
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8bn
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9bn
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9bn
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9bn
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9bn

Does BEES3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity01/10/202614/10/2026R$0.07
Interest on equity01/10/202603/11/2026R$0.03
Interest on equity03/11/202601/12/2026R$0.03
Interest on equity01/12/202604/01/2027R$0.03

Dividend yield per year

  • 5.97%2017
  • 6.55%2018
  • 5.25%2019
  • 4.73%2020
  • 7.33%2021
  • 11.63%2022
  • 7.28%2023
  • 8.85%2024
  • 8.75%2025
  • 5.53%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity01/09/202601/10/2026R$0.03
Interest on equity03/08/202601/09/2026R$0.03
Interest on equity01/07/202603/08/2026R$0.03
Interest on equity02/07/202620/07/2026R$0.07
Interest on equity01/06/202601/07/2026R$0.03
Interest on equity04/05/202601/06/2026R$0.03
Interest on equity01/04/202604/05/2026R$0.03
Interest on equity26/03/202613/04/2026R$0.07
Interest on equity26/03/202513/04/2026R$0.07
Interest on equity02/03/202601/04/2026R$0.03
Interest on equity02/02/202602/03/2026R$0.03
Interest on equity02/01/202602/02/2026R$0.03
See all 288 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity01/12/202502/01/2026R$0.02
Dividend18/12/202530/12/2025R$0.09
Interest on equity18/12/202530/12/2025R$0.22
Interest on equity03/11/202501/12/2025R$0.02
Interest on equity01/10/202503/11/2025R$0.02
Interest on equity01/09/202501/10/2025R$0.02
Interest on equity01/08/202501/09/2025R$0.02
Interest on equity01/07/202501/08/2025R$0.02
Interest on equity03/07/202521/07/2025R$0.12
Interest on equity02/06/202501/07/2025R$0.02
Interest on equity02/05/202502/06/2025R$0.02
Interest on equity01/04/202502/05/2025R$0.02
Interest on equity05/03/202501/04/2025R$0.02
Interest on equity03/02/202505/03/2025R$0.02
Interest on equity02/01/202503/02/2025R$0.02
Interest on equity02/12/202402/01/2025R$0.02
Interest on equity28/11/202420/12/2024R$0.11
Interest on equity01/11/202402/12/2024R$0.02
Interest on equity01/10/202401/11/2024R$0.02
Interest on equity02/09/202401/10/2024R$0.02
Interest on equity01/08/202402/09/2024R$0.02
Interest on equity01/07/202401/08/2024R$0.02
Interest on equity27/06/202422/07/2024R$0.09
Interest on equity03/06/202401/07/2024R$0.02
Interest on equity02/05/202403/06/2024R$0.02
Dividend02/05/202424/05/2024R$0.18
Interest on equity01/04/202402/05/2024R$0.02
Interest on equity01/03/202401/04/2024R$0.02
Interest on equity01/02/202401/03/2024R$0.02
Interest on equity02/01/202401/02/2024R$0.02
Interest on equity28/12/202301/02/2024R$0.02
Interest on equity30/11/202302/01/2024R$0.02
Interest on equity30/11/202315/12/2023R$0.09
Interest on equity31/10/202301/12/2023R$0.02
Interest on equity29/09/202301/11/2023R$0.02
Interest on equity31/08/202302/10/2023R$0.02
Interest on equity31/07/202301/09/2023R$0.02
Interest on equity30/06/202301/08/2023R$0.02
Interest on equity03/07/202321/07/2023R$0.10
Interest on equity31/05/202303/07/2023R$0.02
Interest on equity28/04/202301/06/2023R$0.02
Dividend03/05/202322/05/2023R$0.18
Interest on equity31/03/202302/05/2023R$0.02
Interest on equity28/02/202303/04/2023R$0.02
Interest on equity31/01/202301/03/2023R$0.02
Interest on equity30/12/202201/02/2023R$0.02
Interest on equity30/11/202202/01/2023R$0.02
Interest on equity15/12/202229/12/2022R$0.08
Interest on equity31/10/202201/12/2022R$0.02
Interest on equity30/09/202201/11/2022R$0.02
Interest on equity31/08/202203/10/2022R$0.02
Interest on equity29/07/202201/09/2022R$0.02
Interest on equity30/06/202201/08/2022R$0.02
Interest on equity30/06/202215/07/2022R$0.07
Interest on equity31/05/202201/07/2022R$0.02
Interest on equity29/04/202201/06/2022R$0.02
Dividend04/05/202220/05/2022R$0.18
Interest on equity31/03/202202/05/2022R$0.02
Interest on equity25/02/202201/04/2022R$0.02
Interest on equity31/01/202202/03/2022R$0.02
Interest on equity30/12/202101/02/2022R$0.02
Interest on equity30/11/202103/01/2022R$0.02
Interest on equity16/12/202130/12/2021R$0.04
Interest on equity29/10/202101/12/2021R$0.02
Interest on equity30/09/202101/11/2021R$0.02
Interest on equity31/08/202101/10/2021R$0.02
Interest on equity30/07/202101/09/2021R$0.02
Interest on equity30/06/202102/08/2021R$0.02
Interest on equity31/05/202101/07/2021R$0.02
Interest on equity30/04/202101/06/2021R$0.02
Interest on equity06/05/202120/05/2021R$0.08
Interest on equity31/03/202103/05/2021R$0.02
Interest on equity26/02/202101/04/2021R$0.02
Interest on equity29/01/202101/03/2021R$0.02
Interest on equity30/12/202001/02/2021R$0.01
Interest on equity30/11/202004/01/2021R$0.01
Interest on equity30/10/202001/12/2020R$0.01
Interest on equity30/09/202003/11/2020R$0.01
Interest on equity31/08/202001/10/2020R$0.01
Interest on equity30/04/202001/06/2020R$0.02
Interest on equity07/05/202020/05/2020R$0.02
Dividend07/05/202020/05/2020R$0.06
Interest on equity31/03/202004/05/2020R$0.02
Interest on equity28/02/202001/04/2020R$0.02
Interest on equity31/01/202002/03/2020R$0.02
Interest on equity30/12/201903/02/2020R$0.02
Interest on equity29/11/201902/01/2020R$0.02
Interest on equity31/10/201902/12/2019R$0.02
Interest on equity30/09/201901/11/2019R$0.02
Interest on equity30/08/201901/10/2019R$0.02
Interest on equity31/07/201902/09/2019R$0.02
Interest on equity18/07/201902/08/2019R$0.02
Interest on equity28/06/201901/08/2019R$0.02
Interest on equity31/05/201901/07/2019R$0.02
Interest on equity30/04/201903/06/2019R$0.02
Interest on equity06/05/201920/05/2019R$0.04
Interest on equity29/03/201902/05/2019R$0.02
Interest on equity28/02/201901/04/2019R$0.02
Interest on equity31/01/201901/03/2019R$0.02
Interest on equity28/12/201801/02/2019R$0.02
Interest on equity30/11/201802/01/2019R$0.02
Interest on equity31/10/201803/12/2018R$0.02
Interest on equity28/09/201801/11/2018R$0.02
Interest on equity15/10/201829/10/2018R$0.03
Interest on equity31/08/201801/10/2018R$0.02
Interest on equity31/07/201803/09/2018R$0.01
Interest on equity18/07/201803/08/2018R$0.01
Interest on equity29/06/201801/08/2018R$0.01
Interest on equity30/05/201802/07/2018R$0.01
Interest on equity30/04/201801/06/2018R$0.01
Interest on equity07/05/201825/05/2018R$0.01
Interest on equity29/03/201802/05/2018R$0.01
Interest on equity28/02/201802/04/2018R$0.01
Interest on equity31/01/201801/03/2018R$0.01
Interest on equity28/12/201701/02/2018R$0.02
Interest on equity30/11/201702/01/2018R$0.02
Interest on equity31/10/201701/12/2017R$0.02
Interest on equity29/09/201701/11/2017R$0.02
Interest on equity31/08/201702/10/2017R$0.02
Interest on equity31/07/201701/09/2017R$0.02
Interest on equity20/07/201704/08/2017R$0.01
Interest on equity30/06/201701/08/2017R$0.02
Interest on equity31/05/201703/07/2017R$0.02
Interest on equity28/04/201701/06/2017R$0.02
Interest on equity08/05/201718/05/2017R$0.00
Interest on equity31/03/201702/05/2017R$0.02
Interest on equity24/02/201703/04/2017R$0.02
Interest on equity31/01/201701/03/2017R$0.02
Interest on equity29/12/201601/02/2017R$0.01
Interest on equity30/11/201602/01/2017R$0.01
Interest on equity31/10/201601/12/2016R$0.01
Interest on equity30/09/201601/11/2016R$0.01
Interest on equity31/08/201603/10/2016R$0.01
Interest on equity29/07/201601/09/2016R$0.01
Interest on equity19/07/201603/08/2016R$0.00
Interest on equity30/06/201601/08/2016R$0.01
Interest on equity31/05/201601/07/2016R$0.01
Interest on equity29/04/201601/06/2016R$0.01
Interest on equity02/05/201618/05/2016R$0.01
Interest on equity31/03/201602/05/2016R$0.01
Interest on equity29/02/201601/04/2016R$0.01
Interest on equity29/01/201601/03/2016R$0.01
Interest on equity30/12/201501/02/2016R$0.01
Interest on equity30/11/201504/01/2016R$0.01
Interest on equity30/10/201501/12/2015R$0.01
Interest on equity30/09/201503/11/2015R$0.01
Interest on equity31/08/201501/10/2015R$0.01
Interest on equity31/07/201501/09/2015R$0.01
Interest on equity28/07/201514/08/2015R$0.02
Interest on equity30/06/201503/08/2015R$0.01
Interest on equity29/05/201501/07/2015R$0.01
Interest on equity30/04/201501/06/2015R$0.01
Interest on equity31/03/201504/05/2015R$0.01
Interest on equity27/02/201501/04/2015R$0.01
Interest on equity30/01/201502/03/2015R$0.01
Interest on equity30/12/201402/02/2015R$0.00
Interest on equity28/11/201402/01/2015R$0.00
Interest on equity31/10/201401/12/2014R$0.00
Interest on equity30/09/201403/11/2014R$0.00
Interest on equity29/08/201401/10/2014R$0.00
Interest on equity31/07/201401/09/2014R$0.00
Interest on equity29/07/201415/08/2014R$0.00
Interest on equity30/06/201401/08/2014R$0.00
Interest on equity30/05/201401/07/2014R$0.00
Interest on equity30/04/201402/06/2014R$0.00
Interest on equity31/03/201402/05/2014R$0.00
Interest on equity28/02/201401/04/2014R$0.00
Interest on equity26/02/201410/03/2014R$0.00
Interest on equity30/12/201303/02/2014R$0.00
Interest on equity29/11/201302/01/2014R$0.00
Interest on equity31/10/201302/12/2013R$0.00
Interest on equity30/09/201301/11/2013R$0.00
Interest on equity30/08/201301/10/2013R$0.00
Interest on equity31/07/201302/09/2013R$0.00
Interest on equity28/06/201301/08/2013R$0.00
Interest on equity31/05/201301/07/2013R$0.00
Interest on equity30/04/201303/06/2013R$0.00
Interest on equity28/03/201302/05/2013R$0.00
Interest on equity28/12/201201/02/2013R$0.00
Interest on equity30/11/201202/01/2013R$0.00
Interest on equity31/10/201203/12/2012R$0.00
Interest on equity28/09/201201/11/2012R$0.00
Interest on equity31/07/201203/09/2012R$0.03
Interest on equity29/06/201201/08/2012R$0.03
Interest on equity31/05/201202/07/2012R$0.03
Interest on equity30/04/201201/06/2012R$0.03
Interest on equity30/03/201202/05/2012R$0.03
Interest on equity29/02/201202/04/2012R$0.03
Interest on equity28/02/201209/03/2012R$0.03
Interest on equity29/12/201101/02/2012R$0.03
Interest on equity30/11/201102/01/2012R$0.03
Interest on equity31/10/201101/12/2011R$0.03
Interest on equity30/09/201101/11/2011R$0.03
Interest on equity31/08/201103/10/2011R$0.03
Interest on equity29/07/201101/09/2011R$0.03
Interest on equity30/06/201101/08/2011R$0.03
Interest on equity31/05/201101/07/2011R$0.03
Interest on equity29/04/201101/06/2011R$0.03
Dividend29/04/201101/06/2011R$0.00
Interest on equity31/03/201102/05/2011R$0.03
Interest on equity28/02/201101/04/2011R$0.03
Interest on equity31/01/201110/02/2011R$0.02
Interest on equity31/01/201110/02/2011R$0.03
Interest on equity30/11/201003/01/2011R$0.02
Interest on equity29/10/201001/12/2010R$0.02
Interest on equity30/09/201001/11/2010R$0.02
Interest on equity31/08/201001/10/2010R$0.02
Interest on equity30/07/201001/09/2010R$0.02
Interest on equity30/06/201002/08/2010R$0.02
Interest on equity31/05/201001/07/2010R$0.02
Interest on equity30/04/201001/06/2010R$0.02
Dividend30/04/201001/06/2010R$0.00
Interest on equity31/03/201003/05/2010R$0.02
Interest on equity30/11/200904/01/2010R$0.02
Interest on equity30/10/200901/12/2009R$0.02
Interest on equity30/09/200903/11/2009R$0.02
Interest on equity31/08/200901/10/2009R$0.02
Dividend27/08/200901/10/2009R$0.00
Interest on equity31/07/200901/09/2009R$0.02
Interest on equity30/06/200903/08/2009R$0.02
Interest on equity29/05/200901/07/2009R$0.02
Interest on equity30/04/200901/06/2009R$0.02
Dividend28/04/200901/06/2009R$0.05
Interest on equity31/03/200904/05/2009R$0.02
Interest on equity27/02/200901/04/2009R$0.02
Interest on equity17/02/200902/03/2009R$0.02
Interest on equity30/12/200802/02/2009R$0.01
Interest on equity28/11/200802/01/2009R$0.01
Interest on equity31/10/200801/12/2008R$0.01
Interest on equity30/09/200803/11/2008R$0.01
Interest on equity29/08/200801/10/2008R$0.01
Dividend26/08/200801/10/2008R$0.03
Interest on equity31/07/200801/09/2008R$0.01
Interest on equity30/06/200801/08/2008R$0.01
Interest on equity30/05/200801/07/2008R$0.01
Interest on equity30/04/200802/06/2008R$0.01
Dividend30/04/200802/06/2008R$0.07
Interest on equity31/03/200802/05/2008R$0.00
Interest on equity29/02/200801/04/2008R$0.00
Interest on equity15/02/200803/03/2008R$0.00
Interest on equity28/12/200701/02/2008R$0.00
Interest on equity30/11/200702/01/2008R$0.00
Interest on equity31/10/200703/12/2007R$0.00
Interest on equity28/09/200701/11/2007R$0.00
Interest on equity31/08/200701/10/2007R$0.00
Dividend21/08/200710/09/2007R$0.01
Interest on equity31/07/200703/09/2007R$0.00
Interest on equity29/06/200701/08/2007R$0.00
Interest on equity31/05/200702/07/2007R$0.00
Interest on equity30/04/200701/06/2007R$0.00
Interest on equity19/04/200702/05/2007R$0.00
Dividend10/04/200702/05/2007R$0.01
Interest on equity28/12/200601/02/2007R$0.00
Interest on equity30/11/200602/01/2007R$0.00
Interest on equity31/10/200601/12/2006R$0.00
Interest on equity29/09/200601/11/2006R$0.00
Interest on equity31/08/200602/10/2006R$0.00
Interest on equity31/07/200601/09/2006R$0.00
Dividend31/07/200607/08/2006R$0.00
Interest on equity30/06/200601/08/2006R$0.00
Interest on equity31/05/200603/07/2006R$0.00
Interest on equity28/04/200627/06/2006R$0.01
Dividend28/04/200627/06/2006R$0.00
Interest on equity24/05/200601/06/2006R$0.00
Dividend28/04/200527/06/2005R$0.00
Interest on equity28/04/200527/06/2005R$0.01
Interest on equity05/04/200404/06/2004R$0.00
Dividend30/04/200228/06/2002R$0.01
Interest on equity02/01/200215/01/2002R$0.00
Dividend30/04/200128/06/2001R$0.00
Dividend28/04/200027/06/2000R$0.00
Interest on equity06/05/2019—R$0.28
Interest on equity27/01/2015—R$0.01
Interest on equity28/02/2013—R$0.00
Interest on equity31/08/2012—R$0.00
Interest on equity26/02/2010—R$0.02
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares01/09/202510.00% in shares
Share consolidation16/01/20151 for 5
Split20/08/201210 for 1
Split17/08/20121000 for 1
Share consolidation18/03/20081 for 10

About Bco Est Espirito Santo

Sector
Serviços Financeiros
Segment
Bancos
Listing segment
Traditional
Tag along
80.00%
Free float
4.58%
Shares issued
254.11m ordinary · 93.4m preferred
Average daily trading
R$90.9k
Listed since
20/07/1977
CNPJ
28.127.603/0001-78

O Banestes S.A. é o banco de economia mista controlado pelo Estado do Espírito Santo e atua em serviços financeiros para pessoas físicas, empresas e setor público. A instituição oferece conta corrente, crédito, cartões, seguros, investimentos e serviços de tesouraria, com rede de atendimento concentrada no território capixaba. O banco também opera por subsidiárias em seguros e distribuição de valores mobiliários, ampliando a oferta de produtos no estado. Listado na B3 sob BEES3 e BEES4, o Banestes mantém perfil regional, com forte participação em folha de pagamentos do setor público e relacionamento com empresas locais. O desempenho depende de margem financeira, qualidade da carteira de crédito, eficiência operacional e receitas de serviços. A estratégia combina expansão seletiva de crédito, digitalização de canais e manutenção de presença física em municípios onde o banco tem capilaridade histórica no Espírito Santo.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
ESTADO DO ESPÍRITO SANTOControlling92.48%92.06%92.37%
Outros7.52%7.94%7.64%

Questions about BEES3

How much is BEES3 today?

BEES3 is at R$9.13 (0.77% on the day), last traded on 01/10/2026.

How much did BEES3 pay in dividends in 2025?

BEES3 paid R$0.71 per share in 2025, a dividend yield of 8.75%.

When is the next BEES3 dividend?

The next announced payment is R$0.07 per share on 14/10/2026.

What are the P/E and P/B of BEES3?

BEES3 trades at a P/E of 7.12 and a P/B of 1.26.

How much did BEES3 return in 12 months?

BEES3 returned 20.60% in 12 months, with annualised volatility of 11.55% and a largest drawdown of -4.23%.

What sector is BEES3 in?

Bco Est Espirito Santo is in the Serviços Financeiros sector, Bancos segment.