B3 · BRL
BPAC11
Banco BTG Pactual SA Units Cons of 1 Sh + 2 Pfd Shs A
- Day's range
- R$63.23 – R$64.64
- Day's volume
- R$643.6M
- 52-week range
- R$45.12 – R$65.50
Follow BPAC11 in the Fuolio
See how BPAC11 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountBPAC11 in numbers
- Market cap
- R$271.9B
- P/E
- 13.51
- P/B
- 3.00
- Dividend yield (12m)
- 2.22%
The 12-month dividend yield of BPAC11 is 2.22%, below its 5-year average of 2.65%.
BPAC11 price history
BPAC11 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +33.45% | +118.90% | +186.64% |
| Volatility (annualized) | 26.78% | 29.23% | 31.98% |
| Largest drawdown | -12.26% | -25.67% | -31.00% |
| Positive months | 8/12 | 21/36 | 33/60 |
How much did investing in BPAC11 return?
R$1,000.00 invested on 09/01/2021 would be worth R$2,866.38 today.
- Value today in BPAC11
- R$2,866.38
- Return over the period
- +186.64%
- Return per year
- +23.45%
- 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.
BPAC11 fundamentals
Valuation
- P/E13.51
- P/B3.00
- EV/EBITDA—
- EV/EBIT—
- EV/Revenue8.71
- P/EBIT—
- P/S8.71
- P/OCF4.90
- P/FCF5.26
- Earnings yield—
- PEG ratio0.33
- Earnings per shareR$4.74
- Book value per shareR$21.37
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio1.11
- Quick ratio0.40
- Cash ratio—
Efficiency
- Gross margin99.25%
- EBITDA margin—
- Operating margin—
- Net margin61.70%
- Asset turnover0.03
Profitability
- ROE22.20%
- ROA2.07%
- ROIC—
- Payout29.93%
Growth
- Revenue CAGR (5 years)—
- Earnings CAGR (5 years)—
- Revenue growth (year)-18.79%
- Earnings growth (year)48.96%
- Revenue growth (quarter)-18.20%
- Earnings growth (quarter)46.30%
What is BPAC11's fair price?
Two classic value formulas, with today's numbers. The current price is R$64.10.
- Graham's fair price
- R$47.77
- 25.48% below the price
√(22.50 × R$4.74 × R$21.37)
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$13.38
- 79.13% below the price
R$0.80 (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.
BPAC11's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 38.34 | 29.13 | 43.36 | 36.40 | 33.66 | 60.02 | 48.63 | 25.56 |
| P/B | 7.64 | 4.75 | 7.67 | 5.55 | 5.40 | 8.97 | 8.91 | 3.25 |
| Dividend yield | 2.01% | 2.89% | 2.11% | 2.21% | 4.05% | 5.15% | 7.45% | 11.44% |
| Earnings per share | R$1.37 | R$0.93 | R$0.87 | R$0.66 | R$0.62 | R$1.56 | R$1.55 | R$0.92 |
| Book value per share | R$6.88 | R$5.72 | R$4.90 | R$4.31 | R$3.88 | R$10.47 | R$8.48 | R$7.24 |
| ROE | 19.93% | 16.31% | 17.70% | 15.26% | 16.06% | 14.94% | 18.33% | 12.74% |
| Gross margin | 100.00% | 38.87% | 90.74% | 79.36% | 98.51% | 32.74% | 40.73% | 31.12% |
| Net margin | 56.87% | 31.00% | 40.54% | 33.57% | 72.45% | 23.46% | 34.45% | 28.02% |
BPAC11's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$28.1B | R$34.7B | R$24.6B | R$22.5B | R$9.9B | R$18.6B |
| Cost of revenue | R$0 | -R$21.2B | -R$2.3B | -R$4.7B | -R$147.6M | -R$12.5B |
| Gross profit | R$28.1B | R$13.5B | R$22.3B | R$17.9B | R$9.7B | R$6.1B |
| EBITDA | — | — | — | — | — | — |
| EBIT | — | — | — | — | — | — |
| Financial result | — | — | — | — | — | — |
| Income before tax | R$19.3B | R$12.8B | R$11.7B | R$9.6B | R$11.8B | R$5.2B |
| Income tax | -R$2.6B | -R$1.7B | -R$1.4B | -R$1.6B | -R$4.8B | -R$952.2M |
| Net income | R$16B | R$10.7B | R$10B | R$7.6B | R$7.2B | R$4.4B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
BPAC11 against its sector
The same indicators for the company's other shares and the sector's largest stocks.
| Stock | P/E | P/B | Dividend yield (12m) | ROE | Market cap |
|---|---|---|---|---|---|
| BPAC11Banco Btg Pactual | 13.51 | 3.00 | 2.22% | 22.20% | R$271.9B |
| BPAC3BCO BTG PACTUAL S.A. | 15.68 | 3.48 | 1.91% | 22.20% | R$271.9B |
| BPAC5BCO BTG PACTUAL S.A. | 13.14 | 2.92 | 2.28% | 22.20% | R$271.9B |
| ITUB4ITAU UNIBANCO HOLDING S.A. | 10.43 | 2.24 | 7.15% | 21.50% | R$511.8B |
| ITUB3ITAU UNIBANCO HOLDING S.A. | 11.41 | 2.45 | 6.53% | 21.50% | R$511.8B |
| BBDC4BCO BRADESCO S.A. | 7.92 | 1.08 | 6.80% | 13.66% | R$183.9B |
| BBDC3BCO BRADESCO S.A. | 6.94 | 0.95 | 7.05% | 13.66% | R$183.9B |
Does BPAC11 pay dividends?
Dividend yield per year
- 14.47%2017
- 11.44%2018
- 7.45%2019
- 5.15%2020
- 4.05%2021
- 2.21%2022
- 2.11%2023
- 2.89%2024
- 2.01%2025
- 2.22%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 08/10/2026 | 08/14/2026 | R$0.78 |
| Interest on equity | 12/29/2025 | 02/13/2026 | R$0.15 |
| Interest on equity | 12/18/2025 | 02/13/2026 | R$0.50 |
| Interest on equity | 08/08/2025 | 08/15/2025 | R$0.60 |
| Interest on equity | 01/03/2025 | 02/14/2025 | R$0.15 |
| Interest on equity | 12/19/2024 | 02/14/2025 | R$0.30 |
| Interest on equity | 07/03/2024 | 08/15/2024 | R$0.41 |
| Interest on equity | 01/03/2024 | 02/15/2024 | R$0.15 |
| Interest on equity | 12/04/2023 | 02/15/2024 | R$0.23 |
| Interest on equity | 08/04/2023 | 08/15/2023 | R$0.40 |
| Interest on equity | 01/04/2023 | 02/15/2023 | R$0.15 |
| Interest on equity | 01/04/2023 | 02/15/2023 | R$0.05 |
See all 27 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 12/16/2022 | 02/15/2023 | R$0.20 |
| Interest on equity | 08/04/2022 | 08/15/2022 | R$0.31 |
| Interest on equity | 01/05/2022 | 02/15/2022 | R$0.15 |
| Interest on equity | 12/20/2021 | 01/06/2022 | R$0.07 |
| Interest on equity | 08/05/2021 | 08/12/2021 | R$0.06 |
| Interest on equity | 08/05/2021 | 08/12/2021 | R$0.17 |
| Interest on equity | 01/06/2021 | 02/05/2021 | R$0.62 |
| Interest on equity | 07/22/2020 | 07/31/2020 | R$0.59 |
| Interest on equity | 01/06/2020 | 03/31/2020 | R$0.62 |
| Interest on equity | 08/08/2019 | 08/15/2019 | R$0.72 |
| Interest on equity | 01/07/2019 | 03/31/2019 | R$0.69 |
| Interest on equity | 08/13/2018 | 08/22/2018 | R$0.67 |
| Interest on equity | 07/05/2017 | 08/31/2017 | R$0.69 |
| Interest on equity | 01/06/2020 | — | R$0.21 |
| Interest on equity | 01/04/2018 | — | R$0.69 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 06/30/2021 | 4 for 1 |
| Bonus shares | 09/12/2016 | 30.97% in shares |
About Banco Btg Pactual
- Sector
- Serviços Financeiros
- Segment
- Bancos
- Listing segment
- Level 2
- Tag along
- Set by the bylaws
- Free float
- 30.71%
- Shares issued
- 7.3B common · 4.37B preferred
- Average daily trading
- R$579.9M
- Ibovespa weight
- 2.93%
- Listed since
- 04/26/2012
- CNPJ
- 30.306.294/0001-45
O Banco BTG Pactual S.A. é uma instituição financeira com foco em banco de investimento, mercado de capitais, asset management, wealth management, crédito corporativo e sales and trading. A companhia atua no Brasil e em outras geografias por meio de plataformas institucionais e de distribuição. Fundado em 1983, o grupo passou por ciclos de expansão e reestruturação societária, incluindo operações relevantes de compra e venda de ativos ao longo de sua história. A instituição consolidou presença em negócios de atacado e também ampliou serviços para clientes de varejo de maior renda por canais digitais. Listada na B3, a empresa combina receitas de intermediação financeira, serviços de advisory, gestão de recursos e resultados de tesouraria. O desempenho depende de atividade de mercado, condições de crédito, captação de recursos e volumes em operações de investimento.
Investor website| Shareholder | Common | Preferred | Total |
|---|---|---|---|
| BTG Pactual Holding Financeira LtdaControlling | 79.63% | 31.97% | 61.78% |
| VEÍCULOS DE INVESTIMENTO VINCULADOS AO PARTNERSHIP | 1.97% | 6.57% | 3.69% |
| BTG Pactual Holding S.A.Controlling | 1.66% | 5.52% | 3.11% |
| Outros | 16.37% | 54.68% | 30.72% |
| Ações Tesouraria | 0.38% | 1.26% | 0.71% |
Questions about BPAC11
How much is BPAC11 today?
BPAC11 is at R$64.10 (1.99% on the day), last traded on 10/01/2026.
How much did BPAC11 pay in dividends in 2025?
BPAC11 paid R$1.06 per share in 2025, a dividend yield of 2.01%.
What are the P/E and P/B of BPAC11?
BPAC11 trades at a P/E of 13.51 and a P/B of 3.00.
How much did BPAC11 return in 12 months?
BPAC11 returned 33.45% in 12 months, with annualized volatility of 26.78% and a largest drawdown of -12.26%.
What sector is BPAC11 in?
Banco Btg Pactual is in the Serviços Financeiros sector, Bancos segment.