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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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See how BEES3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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BEES3 in numbers

Market cap
R$3.2B
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

10/01/202509/30/2026
Compare with

BEES3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+25.57%+46.10%+215.61%
Volatility (annualized)10.94%13.65%17.08%
Largest drawdown-4.23%-11.77%-11.77%
Positive months8/1219/3635/60

How much did investing in BEES3 return?

R$1,000.00 invested on 09/01/2021 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 stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

BEES3's indicators by year

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

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's financial statements

Line202520242023202220212020
Net revenueR$5.5BR$4.6BR$5.1BR$4.8BR$2.1BR$1.5B
Cost of revenue-R$3.9B-R$3.1B-R$3.7B-R$3.5B-R$1.2B-R$676.2M
Gross profitR$1.6BR$1.5BR$1.4BR$1.2BR$917.6MR$867.3M
EBITDA——————
EBIT——————
Financial result——————
Income 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$3.2B
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8B
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8B
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9B
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9B
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9B
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9B

Does BEES3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity09/01/202610/01/2026R$0.03
Interest on equity10/01/202610/14/2026R$0.07
Interest on equity10/01/202611/03/2026R$0.03
Interest on equity11/03/202612/01/2026R$0.03
Interest on equity12/01/202601/04/2027R$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
  • 5.21%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity08/03/202609/01/2026R$0.03
Interest on equity07/01/202608/03/2026R$0.03
Interest on equity07/02/202607/20/2026R$0.07
Interest on equity06/01/202607/01/2026R$0.03
Interest on equity05/04/202606/01/2026R$0.03
Interest on equity04/01/202605/04/2026R$0.03
Interest on equity03/26/202604/13/2026R$0.07
Interest on equity03/26/202504/13/2026R$0.07
Interest on equity03/02/202604/01/2026R$0.03
Interest on equity02/02/202603/02/2026R$0.03
Interest on equity01/02/202602/02/2026R$0.03
Interest on equity12/01/202501/02/2026R$0.02
See all 287 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend12/18/202512/30/2025R$0.09
Interest on equity12/18/202512/30/2025R$0.22
Interest on equity11/03/202512/01/2025R$0.02
Interest on equity10/01/202511/03/2025R$0.02
Interest on equity09/01/202510/01/2025R$0.02
Interest on equity08/01/202509/01/2025R$0.02
Interest on equity07/01/202508/01/2025R$0.02
Interest on equity07/03/202507/21/2025R$0.12
Interest on equity06/02/202507/01/2025R$0.02
Interest on equity05/02/202506/02/2025R$0.02
Interest on equity04/01/202505/02/2025R$0.02
Interest on equity03/05/202504/01/2025R$0.02
Interest on equity02/03/202503/05/2025R$0.02
Interest on equity01/02/202502/03/2025R$0.02
Interest on equity12/02/202401/02/2025R$0.02
Interest on equity11/28/202412/20/2024R$0.11
Interest on equity11/01/202412/02/2024R$0.02
Interest on equity10/01/202411/01/2024R$0.02
Interest on equity09/02/202410/01/2024R$0.02
Interest on equity08/01/202409/02/2024R$0.02
Interest on equity07/01/202408/01/2024R$0.02
Interest on equity06/27/202407/22/2024R$0.09
Interest on equity06/03/202407/01/2024R$0.02
Interest on equity05/02/202406/03/2024R$0.02
Dividend05/02/202405/24/2024R$0.18
Interest on equity04/01/202405/02/2024R$0.02
Interest on equity03/01/202404/01/2024R$0.02
Interest on equity02/01/202403/01/2024R$0.02
Interest on equity01/02/202402/01/2024R$0.02
Interest on equity12/28/202302/01/2024R$0.02
Interest on equity11/30/202301/02/2024R$0.02
Interest on equity11/30/202312/15/2023R$0.09
Interest on equity10/31/202312/01/2023R$0.02
Interest on equity09/29/202311/01/2023R$0.02
Interest on equity08/31/202310/02/2023R$0.02
Interest on equity07/31/202309/01/2023R$0.02
Interest on equity06/30/202308/01/2023R$0.02
Interest on equity07/03/202307/21/2023R$0.10
Interest on equity05/31/202307/03/2023R$0.02
Interest on equity04/28/202306/01/2023R$0.02
Dividend05/03/202305/22/2023R$0.18
Interest on equity03/31/202305/02/2023R$0.02
Interest on equity02/28/202304/03/2023R$0.02
Interest on equity01/31/202303/01/2023R$0.02
Interest on equity12/30/202202/01/2023R$0.02
Interest on equity11/30/202201/02/2023R$0.02
Interest on equity12/15/202212/29/2022R$0.08
Interest on equity10/31/202212/01/2022R$0.02
Interest on equity09/30/202211/01/2022R$0.02
Interest on equity08/31/202210/03/2022R$0.02
Interest on equity07/29/202209/01/2022R$0.02
Interest on equity06/30/202208/01/2022R$0.02
Interest on equity06/30/202207/15/2022R$0.07
Interest on equity05/31/202207/01/2022R$0.02
Interest on equity04/29/202206/01/2022R$0.02
Dividend05/04/202205/20/2022R$0.18
Interest on equity03/31/202205/02/2022R$0.02
Interest on equity02/25/202204/01/2022R$0.02
Interest on equity01/31/202203/02/2022R$0.02
Interest on equity12/30/202102/01/2022R$0.02
Interest on equity11/30/202101/03/2022R$0.02
Interest on equity12/16/202112/30/2021R$0.04
Interest on equity10/29/202112/01/2021R$0.02
Interest on equity09/30/202111/01/2021R$0.02
Interest on equity08/31/202110/01/2021R$0.02
Interest on equity07/30/202109/01/2021R$0.02
Interest on equity06/30/202108/02/2021R$0.02
Interest on equity05/31/202107/01/2021R$0.02
Interest on equity04/30/202106/01/2021R$0.02
Interest on equity05/06/202105/20/2021R$0.08
Interest on equity03/31/202105/03/2021R$0.02
Interest on equity02/26/202104/01/2021R$0.02
Interest on equity01/29/202103/01/2021R$0.02
Interest on equity12/30/202002/01/2021R$0.01
Interest on equity11/30/202001/04/2021R$0.01
Interest on equity10/30/202012/01/2020R$0.01
Interest on equity09/30/202011/03/2020R$0.01
Interest on equity08/31/202010/01/2020R$0.01
Interest on equity04/30/202006/01/2020R$0.02
Interest on equity05/07/202005/20/2020R$0.02
Dividend05/07/202005/20/2020R$0.06
Interest on equity03/31/202005/04/2020R$0.02
Interest on equity02/28/202004/01/2020R$0.02
Interest on equity01/31/202003/02/2020R$0.02
Interest on equity12/30/201902/03/2020R$0.02
Interest on equity11/29/201901/02/2020R$0.02
Interest on equity10/31/201912/02/2019R$0.02
Interest on equity09/30/201911/01/2019R$0.02
Interest on equity08/30/201910/01/2019R$0.02
Interest on equity07/31/201909/02/2019R$0.02
Interest on equity07/18/201908/02/2019R$0.02
Interest on equity06/28/201908/01/2019R$0.02
Interest on equity05/31/201907/01/2019R$0.02
Interest on equity04/30/201906/03/2019R$0.02
Interest on equity05/06/201905/20/2019R$0.04
Interest on equity03/29/201905/02/2019R$0.02
Interest on equity02/28/201904/01/2019R$0.02
Interest on equity01/31/201903/01/2019R$0.02
Interest on equity12/28/201802/01/2019R$0.02
Interest on equity11/30/201801/02/2019R$0.02
Interest on equity10/31/201812/03/2018R$0.02
Interest on equity09/28/201811/01/2018R$0.02
Interest on equity10/15/201810/29/2018R$0.03
Interest on equity08/31/201810/01/2018R$0.02
Interest on equity07/31/201809/03/2018R$0.01
Interest on equity07/18/201808/03/2018R$0.01
Interest on equity06/29/201808/01/2018R$0.01
Interest on equity05/30/201807/02/2018R$0.01
Interest on equity04/30/201806/01/2018R$0.01
Interest on equity05/07/201805/25/2018R$0.01
Interest on equity03/29/201805/02/2018R$0.01
Interest on equity02/28/201804/02/2018R$0.01
Interest on equity01/31/201803/01/2018R$0.01
Interest on equity12/28/201702/01/2018R$0.02
Interest on equity11/30/201701/02/2018R$0.02
Interest on equity10/31/201712/01/2017R$0.02
Interest on equity09/29/201711/01/2017R$0.02
Interest on equity08/31/201710/02/2017R$0.02
Interest on equity07/31/201709/01/2017R$0.02
Interest on equity07/20/201708/04/2017R$0.01
Interest on equity06/30/201708/01/2017R$0.02
Interest on equity05/31/201707/03/2017R$0.02
Interest on equity04/28/201706/01/2017R$0.02
Interest on equity05/08/201705/18/2017R$0.00
Interest on equity03/31/201705/02/2017R$0.02
Interest on equity02/24/201704/03/2017R$0.02
Interest on equity01/31/201703/01/2017R$0.02
Interest on equity12/29/201602/01/2017R$0.01
Interest on equity11/30/201601/02/2017R$0.01
Interest on equity10/31/201612/01/2016R$0.01
Interest on equity09/30/201611/01/2016R$0.01
Interest on equity08/31/201610/03/2016R$0.01
Interest on equity07/29/201609/01/2016R$0.01
Interest on equity07/19/201608/03/2016R$0.00
Interest on equity06/30/201608/01/2016R$0.01
Interest on equity05/31/201607/01/2016R$0.01
Interest on equity04/29/201606/01/2016R$0.01
Interest on equity05/02/201605/18/2016R$0.01
Interest on equity03/31/201605/02/2016R$0.01
Interest on equity02/29/201604/01/2016R$0.01
Interest on equity01/29/201603/01/2016R$0.01
Interest on equity12/30/201502/01/2016R$0.01
Interest on equity11/30/201501/04/2016R$0.01
Interest on equity10/30/201512/01/2015R$0.01
Interest on equity09/30/201511/03/2015R$0.01
Interest on equity08/31/201510/01/2015R$0.01
Interest on equity07/31/201509/01/2015R$0.01
Interest on equity07/28/201508/14/2015R$0.02
Interest on equity06/30/201508/03/2015R$0.01
Interest on equity05/29/201507/01/2015R$0.01
Interest on equity04/30/201506/01/2015R$0.01
Interest on equity03/31/201505/04/2015R$0.01
Interest on equity02/27/201504/01/2015R$0.01
Interest on equity01/30/201503/02/2015R$0.01
Interest on equity12/30/201402/02/2015R$0.00
Interest on equity11/28/201401/02/2015R$0.00
Interest on equity10/31/201412/01/2014R$0.00
Interest on equity09/30/201411/03/2014R$0.00
Interest on equity08/29/201410/01/2014R$0.00
Interest on equity07/31/201409/01/2014R$0.00
Interest on equity07/29/201408/15/2014R$0.00
Interest on equity06/30/201408/01/2014R$0.00
Interest on equity05/30/201407/01/2014R$0.00
Interest on equity04/30/201406/02/2014R$0.00
Interest on equity03/31/201405/02/2014R$0.00
Interest on equity02/28/201404/01/2014R$0.00
Interest on equity02/26/201403/10/2014R$0.00
Interest on equity12/30/201302/03/2014R$0.00
Interest on equity11/29/201301/02/2014R$0.00
Interest on equity10/31/201312/02/2013R$0.00
Interest on equity09/30/201311/01/2013R$0.00
Interest on equity08/30/201310/01/2013R$0.00
Interest on equity07/31/201309/02/2013R$0.00
Interest on equity06/28/201308/01/2013R$0.00
Interest on equity05/31/201307/01/2013R$0.00
Interest on equity04/30/201306/03/2013R$0.00
Interest on equity03/28/201305/02/2013R$0.00
Interest on equity12/28/201202/01/2013R$0.00
Interest on equity11/30/201201/02/2013R$0.00
Interest on equity10/31/201212/03/2012R$0.00
Interest on equity09/28/201211/01/2012R$0.00
Interest on equity07/31/201209/03/2012R$0.03
Interest on equity06/29/201208/01/2012R$0.03
Interest on equity05/31/201207/02/2012R$0.03
Interest on equity04/30/201206/01/2012R$0.03
Interest on equity03/30/201205/02/2012R$0.03
Interest on equity02/29/201204/02/2012R$0.03
Interest on equity02/28/201203/09/2012R$0.03
Interest on equity12/29/201102/01/2012R$0.03
Interest on equity11/30/201101/02/2012R$0.03
Interest on equity10/31/201112/01/2011R$0.03
Interest on equity09/30/201111/01/2011R$0.03
Interest on equity08/31/201110/03/2011R$0.03
Interest on equity07/29/201109/01/2011R$0.03
Interest on equity06/30/201108/01/2011R$0.03
Interest on equity05/31/201107/01/2011R$0.03
Interest on equity04/29/201106/01/2011R$0.03
Dividend04/29/201106/01/2011R$0.00
Interest on equity03/31/201105/02/2011R$0.03
Interest on equity02/28/201104/01/2011R$0.03
Interest on equity01/31/201102/10/2011R$0.02
Interest on equity01/31/201102/10/2011R$0.03
Interest on equity11/30/201001/03/2011R$0.02
Interest on equity10/29/201012/01/2010R$0.02
Interest on equity09/30/201011/01/2010R$0.02
Interest on equity08/31/201010/01/2010R$0.02
Interest on equity07/30/201009/01/2010R$0.02
Interest on equity06/30/201008/02/2010R$0.02
Interest on equity05/31/201007/01/2010R$0.02
Interest on equity04/30/201006/01/2010R$0.02
Dividend04/30/201006/01/2010R$0.00
Interest on equity03/31/201005/03/2010R$0.02
Interest on equity11/30/200901/04/2010R$0.02
Interest on equity10/30/200912/01/2009R$0.02
Interest on equity09/30/200911/03/2009R$0.02
Interest on equity08/31/200910/01/2009R$0.02
Dividend08/27/200910/01/2009R$0.00
Interest on equity07/31/200909/01/2009R$0.02
Interest on equity06/30/200908/03/2009R$0.02
Interest on equity05/29/200907/01/2009R$0.02
Interest on equity04/30/200906/01/2009R$0.02
Dividend04/28/200906/01/2009R$0.05
Interest on equity03/31/200905/04/2009R$0.02
Interest on equity02/27/200904/01/2009R$0.02
Interest on equity02/17/200903/02/2009R$0.02
Interest on equity12/30/200802/02/2009R$0.01
Interest on equity11/28/200801/02/2009R$0.01
Interest on equity10/31/200812/01/2008R$0.01
Interest on equity09/30/200811/03/2008R$0.01
Interest on equity08/29/200810/01/2008R$0.01
Dividend08/26/200810/01/2008R$0.03
Interest on equity07/31/200809/01/2008R$0.01
Interest on equity06/30/200808/01/2008R$0.01
Interest on equity05/30/200807/01/2008R$0.01
Interest on equity04/30/200806/02/2008R$0.01
Dividend04/30/200806/02/2008R$0.07
Interest on equity03/31/200805/02/2008R$0.00
Interest on equity02/29/200804/01/2008R$0.00
Interest on equity02/15/200803/03/2008R$0.00
Interest on equity12/28/200702/01/2008R$0.00
Interest on equity11/30/200701/02/2008R$0.00
Interest on equity10/31/200712/03/2007R$0.00
Interest on equity09/28/200711/01/2007R$0.00
Interest on equity08/31/200710/01/2007R$0.00
Dividend08/21/200709/10/2007R$0.01
Interest on equity07/31/200709/03/2007R$0.00
Interest on equity06/29/200708/01/2007R$0.00
Interest on equity05/31/200707/02/2007R$0.00
Interest on equity04/30/200706/01/2007R$0.00
Interest on equity04/19/200705/02/2007R$0.00
Dividend04/10/200705/02/2007R$0.01
Interest on equity12/28/200602/01/2007R$0.00
Interest on equity11/30/200601/02/2007R$0.00
Interest on equity10/31/200612/01/2006R$0.00
Interest on equity09/29/200611/01/2006R$0.00
Interest on equity08/31/200610/02/2006R$0.00
Interest on equity07/31/200609/01/2006R$0.00
Dividend07/31/200608/07/2006R$0.00
Interest on equity06/30/200608/01/2006R$0.00
Interest on equity05/31/200607/03/2006R$0.00
Interest on equity04/28/200606/27/2006R$0.01
Dividend04/28/200606/27/2006R$0.00
Interest on equity05/24/200606/01/2006R$0.00
Dividend04/28/200506/27/2005R$0.00
Interest on equity04/28/200506/27/2005R$0.01
Interest on equity04/05/200406/04/2004R$0.00
Dividend04/30/200206/28/2002R$0.01
Interest on equity01/02/200201/15/2002R$0.00
Dividend04/30/200106/28/2001R$0.00
Dividend04/28/200006/27/2000R$0.00
Interest on equity05/06/2019—R$0.28
Interest on equity01/27/2015—R$0.01
Interest on equity02/28/2013—R$0.00
Interest on equity08/31/2012—R$0.00
Interest on equity02/26/2010—R$0.02
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares09/01/202510.00% in shares
Reverse split01/16/20151 for 5
Split08/20/201210 for 1
Split08/17/20121000 for 1
Reverse split03/18/20081 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 common · 93.4M preferred
Average daily trading
R$90.9K
Listed since
07/20/1977
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 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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 09/30/2026.

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$0.03 per share on 10/01/2026.

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 25.57% in 12 months, with annualized volatility of 10.94% and a largest drawdown of -4.23%.

What sector is BEES3 in?

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