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B3 · BRL

BMEB4

BCO Mercantil do Brasil SA Non-Cum Perp Pfd Registered Shs

R$59.65+2.16% (R$1.26)
Day's range
R$57.57 – R$59.94
Day's volume
R$1m
52-week range
R$48.75 – R$88.78

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See how BMEB4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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BMEB4 in numbers

Market cap
R$6.5bn
P/E
9.02
P/B
2.35
Dividend yield (12m)
5.89%

The 12-month dividend yield of BMEB4 is 5.89%, below its 5-year average of 7.15%.

BMEB4 price history

01/10/202530/09/2026
Compare with

BMEB4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+10.41%+474.05%+738.54%
Volatility (annualised)42.02%56.50%46.27%
Largest drawdown-32.09%-32.09%-32.09%
Positive months7/1223/3635/60

How much did investing in BMEB4 return?

R$1,000.00 invested on 01/09/2021 would be worth R$7,945.12 today.

Value today in BMEB4
R$7,945.12
Return over the period
+694.51%
Return per year
+51.37%
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.

BMEB4 fundamentals

Valuation

  • P/E
    9.02
  • P/B
    2.35
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.68
  • P/EBIT
    —
  • P/S
    0.68
  • P/OCF
    7.00
  • P/FCF
    5.92
  • Earnings yield
    —
  • PEG ratio
    0.16
  • Earnings per share
    R$6.62
  • Book value per share
    R$25.37

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.09
  • Quick ratio
    0.28
  • Cash ratio
    —

Efficiency

  • Gross margin
    45.26%
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    8.94%
  • Asset turnover
    0.24

Profitability

  • ROE
    26.08%
  • ROA
    2.19%
  • ROIC
    —
  • Payout
    53.13%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    39.66%
  • Earnings growth (year)
    0.15%
  • Revenue growth (quarter)
    38.22%
  • Earnings growth (quarter)
    45.48%

What is BMEB4's fair price?

Two classic value formulas, with today's numbers. The current price is R$59.65.

Graham's fair price
R$61.45
3.02% above the price

√(22.50 × R$6.62 × R$25.37)

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$25.03
58.04% below the price

R$1.50 (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.

BMEB4 indicators by year

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

Indicator20252024202320222021202020192018
P/E11.895.274.215.2411.314.676.136.49
P/B3.842.091.100.771.850.800.730.43
Dividend yield1.65%8.96%4.75%8.27%12.13%8.45%18.94%34.87%
Earnings per shareR$6.09R$7.18R$4.01R$1.91R$1.89R$3.48R$2.11R$1.08
Book value per shareR$18.85R$18.07R$15.38R$13.00R$11.59R$20.29R$17.75R$16.37
ROE32.29%39.70%26.11%14.72%16.34%17.16%11.90%6.62%
Gross margin48.05%52.91%54.70%53.83%62.31%74.50%71.39%67.49%
Net margin9.12%12.72%8.94%5.48%7.91%8.20%4.97%2.50%

BMEB4 financial statements

Line202520242023202220212020
Net revenueR$8.3bnR$5.9bnR$4.7bnR$3.7bnR$2.5bnR$2.2bn
Cost of sales-R$4.3bn-R$2.8bn-R$2.1bn-R$1.7bn-R$946m-R$567.5m
Gross profitR$4bnR$3.1bnR$2.6bnR$2bnR$1.6bnR$1.7bn
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxR$2.9mR$575.5mR$492.9mR$263.4mR$160.4mR$260.6m
Income taxR$637.8m-R$64.9m-R$97.5m-R$63.5mR$41.2m-R$76.2m
Net incomeR$753.3mR$752.2mR$420.9mR$200.6mR$198.6mR$182.5m

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

BMEB4 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
BMEB4Banco Mercantil Do Brasil9.022.355.89%26.08%R$6.5bn
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 BMEB4 pay dividends?

Dividend yield per year

  • 24.51%2017
  • 34.87%2018
  • 18.94%2019
  • 8.45%2020
  • 12.13%2021
  • 8.27%2022
  • 4.75%2023
  • 8.96%2024
  • 1.65%2025
  • 5.89%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity07/08/202619/08/2026R$1.64
Dividend06/03/202618/03/2026R$0.05
Dividend30/12/202514/01/2026R$1.83
Interest on equity07/02/202519/02/2025R$0.02
Interest on equity20/12/202405/02/2025R$1.17
Interest on equity29/07/202407/08/2024R$1.03
Dividend27/12/202307/02/2024R$0.83
Interest on equity27/12/202307/02/2024R$0.83
Interest on equity27/12/202307/02/2024R$0.70
Interest on equity11/08/202318/08/2023R$0.49
Interest on equity10/03/202317/03/2023R$0.31
Interest on equity03/10/202211/10/2022R$0.28
See all 70 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend21/02/202208/03/2022R$0.04
Interest on equity21/02/202208/03/2022R$0.26
Dividend31/12/202108/03/2022R$0.04
Interest on equity31/12/202108/03/2022R$0.22
Interest on equity16/08/202126/08/2021R$0.45
Interest on equity18/02/202105/03/2021R$0.85
Interest on equity26/02/202010/03/2020R$0.69
Interest on equity25/02/201926/03/2019R$0.66
Interest on equity31/12/201826/03/2019R$0.56
Interest on equity27/02/201827/03/2018R$0.66
Interest on equity22/02/201827/03/2018R$0.56
Interest on equity30/12/201629/03/2017R$0.28
Interest on equity03/03/201728/03/2017R$0.33
Interest on equity16/08/201606/09/2016R$0.33
Interest on equity17/03/201614/04/2016R$0.33
Interest on equity31/12/201515/03/2016R$0.28
Interest on equity12/08/201509/09/2015R$0.36
Interest on equity19/02/201519/03/2015R$0.66
Interest on equity25/02/201425/03/2014R$0.33
Interest on equity08/08/201305/09/2013R$0.33
Interest on equity15/02/201313/03/2013R$0.36
Interest on equity10/08/201205/09/2012R$0.36
Interest on equity10/02/201213/03/2012R$0.28
Interest on equity05/08/201131/08/2011R$0.57
Interest on equity11/02/201115/03/2011R$0.36
Dividend06/08/201031/08/2010R$0.21
Interest on equity06/08/201031/08/2010R$0.95
Interest on equity23/07/200925/08/2009R$0.29
Interest on equity15/01/200917/02/2009R$0.28
Interest on equity12/08/200809/09/2008R$0.36
Interest on equity29/01/200825/02/2008R$0.28
Interest on equity17/08/200710/09/2007R$14.00
Interest on equity11/02/2010—R$0.29
Interest on equity16/01/2007—R$13.98
Interest on equity21/08/2006—R$13.98
Interest on equity20/01/2006—R$13.98
Interest on equity19/08/2005—R$13.98
Interest on equity12/01/2005—R$13.59
Interest on equity16/08/2004—R$13.59
Dividend29/06/2004—R$2.10
Income29/06/2004—R$0.12
Interest on equity09/01/2004—R$12.35
Interest on equity19/08/2003—R$12.35
Dividend14/02/2003—R$10.50
Dividend16/08/2002—R$10.50
Interest on equity28/12/2001—R$12.35
Interest on equity10/07/2001—R$12.35
Interest on equity28/12/2000—R$12.35
Interest on equity31/07/2000—R$12.35
Interest on equity29/12/1999—R$12.00
Dividend16/08/1999—R$10.20
Dividend02/03/1999—R$10.20
Dividend24/08/1998—R$10.20
Interest on equity07/01/1998—R$10.59
Interest on equity13/08/1997—R$10.59
Dividend24/02/1997—R$12.80
Dividend27/08/1996—R$9.00
Dividend12/02/1996—R$10.00
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split03/12/20212 for 1
Share consolidation02/12/20211 for 100
Split02/12/2021200 for 1
Share consolidation21/01/20081 for 20
Bonus shares24/07/198799.90% in shares

About Banco Mercantil Do Brasil

Listing segment
Level 1
Tag along
Set by the bylaws
Free float
47.05%
Shares issued
84.05m ordinary · 39.68m preferred
Average daily trading
R$1.9m
Listed since
20/07/1977
CNPJ
17.184.037/0001-10
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
CONSUELO ANDRADE DE ARAÚJOControlling23.47%15.32%20.86%
PEDRO HENRIQUE DE OLIVEIRA10.93%7.61%9.86%
LUIZ HENRIQUE ANDRADE DE ARAÚJOControlling6.85%3.05%5.63%
MARCO ANTÔNIO ANDRADE DE ARAÚJOControlling4.51%5.63%4.87%
YEHUDA WAISBERG1.97%9.14%4.27%
GUSTAVO HENRIQUE DINIZ DE ARAÚJOControlling3.84%3.23%3.65%
Sociedade Agrícola Santa Luzia Ltda4.57%0.00%3.11%
RENATO AUGUSTO DE ARAÚJOControlling3.89%0.56%2.82%
MAURICIO DE FARIA ARAÚJOControlling3.41%0.00%2.32%
Sapil Ltda.Controlling3.29%0.00%2.23%
Lance Empreendimentos e Participações Ltda.3.07%0.00%2.08%
ANA CAROLINA ANDRADE DE ARAUJO LIMAControlling2.33%0.30%1.68%
PAULO HENRIQUE BRANT DE ARAUJOControlling2.42%0.01%1.65%
MB Ações Mercantil do Brasil FI0.29%2.34%0.95%
MARIA ÂNGELA DE MOURA0.33%1.93%0.84%
CRISTIANA NOGUEIRA DE ARAÚJO0.93%0.00%0.63%
SANDRA MARIA DE ARAÚJO SIMÕESControlling0.78%0.15%0.58%
JOSÉ RIBEIRO VIANNA NETOControlling0.84%0.00%0.57%
CLARISSA NOGUEIRA DE ARAUJO0.66%0.20%0.51%
DANIELA DE ARAUJO COELHO0.05%0.00%0.04%
Outros21.58%49.65%30.58%
Ações Tesouraria0.00%0.88%0.28%

Questions about BMEB4

How much is BMEB4 today?

BMEB4 is at R$59.65 (2.16% on the day), last traded on 30/09/2026.

How much did BMEB4 pay in dividends in 2025?

BMEB4 paid R$1.19 per share in 2025, a dividend yield of 1.65%.

What are the P/E and P/B of BMEB4?

BMEB4 trades at a P/E of 9.02 and a P/B of 2.35.

How much did BMEB4 return in 12 months?

BMEB4 returned 10.41% in 12 months, with annualised volatility of 42.02% and a largest drawdown of -32.09%.