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B3 · BRL

BGIP4

Banco do Estado de Sergipe SA - Banese Non-Cum Perp Pfd Registered Shs

R$34.14-1.33% (-R$0.46)
Day's range
R$33.65 – R$34.15
Day's volume
R$20.5k
52-week range
R$26.11 – R$40.03

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See how BGIP4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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BGIP4 in numbers

Market cap
R$956.7m
P/E
0.41
P/B
0.07
Dividend yield (12m)
8.21%

The 12-month dividend yield of BGIP4 is 8.21%, below its 5-year average of 9.83%.

BGIP4 price history

02/10/202501/10/2026
Compare with

BGIP4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+34.19%+108.28%+142.67%
Volatility (annualised)27.57%25.41%24.39%
Largest drawdown-13.59%-21.14%-26.83%
Positive months9/1223/3636/60

How much did investing in BGIP4 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,452.84 today.

Value today in BGIP4
R$2,452.84
Return over the period
+145.28%
Return per year
+19.66%
In the Ibovespa
R$1,679.06

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

BGIP4 fundamentals

Valuation

  • P/E
    0.41
  • P/B
    0.07
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.48
  • P/EBIT
    —
  • P/S
    0.48
  • P/OCF
    -2.23
  • P/FCF
    -0.74
  • Earnings yield
    —
  • PEG ratio
    0.00
  • Earnings per share
    R$83.61
  • Book value per share
    R$485.45

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.08
  • Quick ratio
    0.01
  • Cash ratio
    —

Efficiency

  • Gross margin
    31.92%
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    8.57%
  • Asset turnover
    0.15

Profitability

  • ROE
    17.22%
  • ROA
    1.29%
  • ROIC
    —
  • Payout
    3.35%

Growth

  • Revenue CAGR (5 years)
    25.41%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    45.28%
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    28.96%
  • Earnings growth (quarter)
    277.42%

What is BGIP4's fair price?

Two classic value formulas, with today's numbers. The current price is R$34.14.

Graham's fair price
R$955.65
2,699.20% above the price

√(22.50 × R$83.61 × R$485.45)

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$41.17
20.60% above the price

R$2.47 (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.

BGIP4 indicators by year

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

Indicator20252024202320222021202020192018
P/E5.32———————
P/B0.88———————
Dividend yield10.95%10.05%16.65%6.41%5.11%2.89%2.03%4.88%
Earnings per shareR$6.56R$0.00R$0.00R$0.00R$0.00R$0.00R$0.00R$0.00
Book value per shareR$39.45———————
ROE16.64%———————
Gross margin30.63%38.64%36.13%35.90%60.08%71.66%58.34%58.89%
Net margin8.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

BGIP4 financial statements

Line202520242023202220212020
Net revenueR$1.9bnR$1.3bnR$1.2bnR$1.1bnR$710.9mR$634m
Cost of sales-R$1.3bn-R$790.4m-R$778.9m-R$688.8m-R$283.8m-R$179.7m
Gross profitR$573.3mR$497.7mR$440.5mR$385.7mR$427.1mR$454.4m
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxR$250.8mR$206.9mR$56.5mR$89.8mR$143.6mR$80.9m
Income tax-R$76mR$0R$0R$0R$0-R$3.1m
Net incomeR$151.5mR$0R$0R$0R$0R$0

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

BGIP4 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
BGIP4Banese0.410.078.21%17.22%R$956.7m
ITUB4ITAU UNIBANCO HOLDING S.A.10.282.217.25%21.50%R$505.5bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.312.436.59%21.50%R$506.8bn
BPAC3BCO BTG PACTUAL S.A.15.433.431.94%22.20%R$269bn
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$269bn
BBDC4BCO BRADESCO S.A.7.841.076.87%13.66%R$182.3bn
BBDC3BCO BRADESCO S.A.6.890.947.10%13.66%R$182.3bn

Does BGIP4 pay dividends?

Dividend yield per year

  • 11.84%2017
  • 4.88%2018
  • 2.03%2019
  • 2.89%2020
  • 5.11%2021
  • 6.41%2022
  • 16.65%2023
  • 10.05%2024
  • 10.95%2025
  • 8.21%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity14/04/202628/04/2026R$0.97
Interest on equity21/01/202606/02/2026R$0.97
Interest on equity19/11/202503/02/2026R$0.86
Interest on equity10/04/202525/04/2025R$0.90
Interest on equity31/01/202506/03/2025R$0.84
Interest on equity31/01/202506/03/2025R$1.25
Dividend31/01/202506/03/2025R$0.84
Interest on equity19/08/202401/10/2024R$1.26
Interest on equity28/02/202408/03/2024R$1.15
Interest on equity17/08/202306/09/2023R$1.31
Interest on equity23/02/202307/03/2023R$2.47
Interest on equity24/02/202222/03/2022R$1.10
See all 103 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity18/08/202131/08/2021R$0.34
Interest on equity03/03/202115/03/2021R$0.90
Dividend23/07/202020/08/2020R$0.19
Dividend26/02/202009/03/2020R$0.02
Interest on equity26/02/202009/03/2020R$0.58
Interest on equity03/07/201915/07/2019R$0.78
Interest on equity23/11/201805/12/2018R$0.76
Interest on equity13/06/201825/06/2018R$0.71
Dividend06/04/201816/04/2018R$0.26
Interest on equity17/11/201701/12/2017R$0.78
Dividend21/08/201729/08/2017R$0.21
Interest on equity16/06/201728/06/2017R$0.81
Dividend06/04/201718/04/2017R$1.17
Dividend03/04/201711/04/2017R$0.58
Dividend22/02/201706/03/2017R$0.04
Interest on equity22/02/201706/03/2017R$0.68
Interest on equity31/08/201609/09/2016R$0.36
Interest on equity28/08/201510/09/2015R$0.54
Dividend21/08/201401/09/2014R$0.20
Interest on equity28/07/201406/08/2014R$0.58
Dividend26/02/201414/03/2014R$0.21
Interest on equity27/12/201310/01/2014R$0.59
Dividend20/08/201304/09/2013R$0.19
Dividend25/02/201305/04/2013R$0.92
Dividend25/02/201305/04/2013R$2.08
Interest on equity29/11/201211/12/2012R$0.56
Dividend16/08/201203/09/2012R$1.29
Interest on equity15/06/201229/06/2012R$0.60
Dividend28/02/201212/04/2012R$2.48
Dividend28/02/201212/04/2012R$1.04
Dividend30/08/201109/09/2011R$1.54
Interest on equity03/06/201115/06/2011R$0.52
Dividend01/03/201114/03/2011R$1.42
Interest on equity30/11/201007/12/2010R$0.44
Dividend30/07/201016/08/2010R$0.20
Interest on equity30/06/201016/07/2010R$0.43
Dividend09/03/201029/03/2010R$1.06
Interest on equity10/11/200928/12/2009R$0.39
Dividend24/08/200915/09/2009R$0.33
Interest on equity30/06/200916/07/2009R$0.40
Dividend16/02/200912/03/2009R$0.46
Interest on equity26/12/200815/01/2009R$0.33
Interest on equity11/07/200831/07/2008R$0.33
Dividend30/04/200828/05/2008R$0.18
Interest on equity07/02/200825/02/2008R$0.47
Interest on equity18/11/2015—R$0.64
Interest on equity03/07/2013—R$0.58
Interest on equity06/12/2011—R$0.53
Interest on equity28/12/2006—R$1.14
Interest on equity30/11/2006—R$1.14
Dividend17/11/2006—R$2.33
Interest on equity31/10/2006—R$1.14
Dividend17/10/2006—R$37.96
Interest on equity29/09/2006—R$1.24
Dividend18/09/2006—R$13.90
Interest on equity31/08/2006—R$1.14
Dividend15/08/2006—R$5.84
Interest on equity31/07/2006—R$1.35
Dividend21/07/2006—R$12.45
Dividend03/07/2006—R$3.04
Interest on equity30/06/2006—R$1.35
Interest on equity31/05/2006—R$1.35
Dividend17/05/2006—R$8.48
Interest on equity28/04/2006—R$1.48
Interest on equity31/03/2006—R$1.48
Dividend08/03/2006—R$6.44
Interest on equity08/03/2006—R$2.97
Dividend12/12/2005—R$13.59
Interest on equity12/12/2005—R$2.37
Interest on equity30/11/2005—R$1.48
Dividend25/11/2005—R$2.27
Interest on equity31/10/2005—R$1.48
Dividend20/10/2005—R$5.27
Interest on equity30/09/2005—R$1.48
Dividend29/09/2005—R$3.50
Interest on equity31/08/2005—R$1.48
Dividend30/08/2005—R$3.11
Dividend03/08/2005—R$1.30
Interest on equity29/07/2005—R$1.48
Interest on equity30/06/2005—R$1.48
Dividend21/06/2005—R$9.81
Interest on equity31/05/2005—R$1.48
Dividend29/04/2005—R$21.20
Interest on equity29/04/2005—R$4.45
Interest on equity29/04/2005—R$1.48
Interest on equity06/04/2005—R$3.83
Interest on equity02/12/2004—R$5.31
Interest on equity13/08/2004—R$9.04
Interest on equity05/03/2004—R$8.77
Interest on equity29/08/2003—R$8.31
Interest on equity31/03/2003—R$12.91
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares09/09/201445.00% in shares
Share consolidation07/12/20071 for 50
Split28/07/19975 for 2

About Banese

Listing segment
Traditional
Tag along
Set by the bylaws
Free float
7.92%
Shares issued
11.54m ordinary · 11.54m preferred
Average daily trading
R$21.6k
Listed since
26/08/1988
CNPJ
13.009.717/0001-46
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Governo do Estado de SergipeControlling95.50%88.66%92.08%
Outros4.50%11.34%7.92%

Questions about BGIP4

How much is BGIP4 today?

BGIP4 is at R$34.14 (-1.33% on the day), last traded on 01/10/2026.

How much did BGIP4 pay in dividends in 2025?

BGIP4 paid R$3.82 per share in 2025, a dividend yield of 10.95%.

What are the P/E and P/B of BGIP4?

BGIP4 trades at a P/E of 0.41 and a P/B of 0.07.

How much did BGIP4 return in 12 months?

BGIP4 returned 34.19% in 12 months, with annualised volatility of 27.57% and a largest drawdown of -13.59%.