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B3 · BRL

BGIP4

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

R$34.60+1.02% (R$0.35)
Day's range
R$34.60 – R$34.60
Day's volume
R$3.5K
52-week range
R$25.82 – 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$962M
P/E
0.41
P/B
0.07
Dividend yield (12m)
8.10%

The 12-month dividend yield of BGIP4 is 8.10%, below its 5-year average of 9.83%.

BGIP4 price history

10/01/202509/30/2026
Compare with

BGIP4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+31.46%+93.15%+134.65%
Volatility (annualized)27.62%25.69%24.39%
Largest drawdown-13.59%-21.14%-26.83%
Positive months9/1222/3635/60

How much did investing in BGIP4 return?

R$1,000.00 invested on 09/01/2021 would be worth R$2,346.51 today.

Value today in BGIP4
R$2,346.51
Return over the period
+134.65%
Return per year
+18.60%
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.

BGIP4 fundamentals

Valuation

  • P/E
    0.41
  • P/B
    0.07
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.49
  • P/EBIT
    —
  • P/S
    0.49
  • P/OCF
    -2.24
  • 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$34.60.

Graham's fair price
R$955.65
2,661.98% 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
19.00% above the price

R$2.47 (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.

BGIP4's indicators by year

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

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's financial statements

Line202520242023202220212020
Net revenueR$1.9BR$1.3BR$1.2BR$1.1BR$710.9MR$634M
Cost of revenue-R$1.3B-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——————
Financial result——————
Income 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
BGIP4Banese0.410.078.10%17.22%R$962M
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 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
  • 8.10%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity04/14/202604/28/2026R$0.97
Interest on equity01/21/202602/06/2026R$0.97
Interest on equity11/19/202502/03/2026R$0.86
Interest on equity04/10/202504/25/2025R$0.90
Interest on equity01/31/202503/06/2025R$0.84
Interest on equity01/31/202503/06/2025R$1.25
Dividend01/31/202503/06/2025R$0.84
Interest on equity08/19/202410/01/2024R$1.26
Interest on equity02/28/202403/08/2024R$1.15
Interest on equity08/17/202309/06/2023R$1.31
Interest on equity02/23/202303/07/2023R$2.47
Interest on equity02/24/202203/22/2022R$1.10
See all 103 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity08/18/202108/31/2021R$0.34
Interest on equity03/03/202103/15/2021R$0.90
Dividend07/23/202008/20/2020R$0.19
Dividend02/26/202003/09/2020R$0.02
Interest on equity02/26/202003/09/2020R$0.58
Interest on equity07/03/201907/15/2019R$0.78
Interest on equity11/23/201812/05/2018R$0.76
Interest on equity06/13/201806/25/2018R$0.71
Dividend04/06/201804/16/2018R$0.26
Interest on equity11/17/201712/01/2017R$0.78
Dividend08/21/201708/29/2017R$0.21
Interest on equity06/16/201706/28/2017R$0.81
Dividend04/06/201704/18/2017R$1.17
Dividend04/03/201704/11/2017R$0.58
Dividend02/22/201703/06/2017R$0.04
Interest on equity02/22/201703/06/2017R$0.68
Interest on equity08/31/201609/09/2016R$0.36
Interest on equity08/28/201509/10/2015R$0.54
Dividend08/21/201409/01/2014R$0.20
Interest on equity07/28/201408/06/2014R$0.58
Dividend02/26/201403/14/2014R$0.21
Interest on equity12/27/201301/10/2014R$0.59
Dividend08/20/201309/04/2013R$0.19
Dividend02/25/201304/05/2013R$0.92
Dividend02/25/201304/05/2013R$2.08
Interest on equity11/29/201212/11/2012R$0.56
Dividend08/16/201209/03/2012R$1.29
Interest on equity06/15/201206/29/2012R$0.60
Dividend02/28/201204/12/2012R$2.48
Dividend02/28/201204/12/2012R$1.04
Dividend08/30/201109/09/2011R$1.54
Interest on equity06/03/201106/15/2011R$0.52
Dividend03/01/201103/14/2011R$1.42
Interest on equity11/30/201012/07/2010R$0.44
Dividend07/30/201008/16/2010R$0.20
Interest on equity06/30/201007/16/2010R$0.43
Dividend03/09/201003/29/2010R$1.06
Interest on equity11/10/200912/28/2009R$0.39
Dividend08/24/200909/15/2009R$0.33
Interest on equity06/30/200907/16/2009R$0.40
Dividend02/16/200903/12/2009R$0.46
Interest on equity12/26/200801/15/2009R$0.33
Interest on equity07/11/200807/31/2008R$0.33
Dividend04/30/200805/28/2008R$0.18
Interest on equity02/07/200802/25/2008R$0.47
Interest on equity11/18/2015—R$0.64
Interest on equity07/03/2013—R$0.58
Interest on equity12/06/2011—R$0.53
Interest on equity12/28/2006—R$1.14
Interest on equity11/30/2006—R$1.14
Dividend11/17/2006—R$2.33
Interest on equity10/31/2006—R$1.14
Dividend10/17/2006—R$37.96
Interest on equity09/29/2006—R$1.24
Dividend09/18/2006—R$13.90
Interest on equity08/31/2006—R$1.14
Dividend08/15/2006—R$5.84
Interest on equity07/31/2006—R$1.35
Dividend07/21/2006—R$12.45
Dividend07/03/2006—R$3.04
Interest on equity06/30/2006—R$1.35
Interest on equity05/31/2006—R$1.35
Dividend05/17/2006—R$8.48
Interest on equity04/28/2006—R$1.48
Interest on equity03/31/2006—R$1.48
Dividend03/08/2006—R$6.44
Interest on equity03/08/2006—R$2.97
Dividend12/12/2005—R$13.59
Interest on equity12/12/2005—R$2.37
Interest on equity11/30/2005—R$1.48
Dividend11/25/2005—R$2.27
Interest on equity10/31/2005—R$1.48
Dividend10/20/2005—R$5.27
Interest on equity09/30/2005—R$1.48
Dividend09/29/2005—R$3.50
Interest on equity08/31/2005—R$1.48
Dividend08/30/2005—R$3.11
Dividend08/03/2005—R$1.30
Interest on equity07/29/2005—R$1.48
Interest on equity06/30/2005—R$1.48
Dividend06/21/2005—R$9.81
Interest on equity05/31/2005—R$1.48
Dividend04/29/2005—R$21.20
Interest on equity04/29/2005—R$4.45
Interest on equity04/29/2005—R$1.48
Interest on equity04/06/2005—R$3.83
Interest on equity12/02/2004—R$5.31
Interest on equity08/13/2004—R$9.04
Interest on equity03/05/2004—R$8.77
Interest on equity08/29/2003—R$8.31
Interest on equity03/31/2003—R$12.91
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares09/09/201445.00% in shares
Reverse split12/07/20071 for 50
Split07/28/19975 for 2

About Banese

Listing segment
Traditional
Tag along
Set by the bylaws
Free float
7.92%
Shares issued
11.54M common · 11.54M preferred
Average daily trading
R$21.3K
Listed since
08/26/1988
CNPJ
13.009.717/0001-46
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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$34.60 (1.02% on the day), last traded on 10/01/2026.

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 31.46% in 12 months, with annualized volatility of 27.62% and a largest drawdown of -13.59%.