- Net Income: Itausa reported a net income of R$3.76 billion for the second quarter of 2024.
- Recurring Net Income: The recurring net income stood at R$3.64 billion.
- Net Debt: Itausa’s net debt amounted to R$833 million.
- Total Assets: The company’s total assets were valued at R$92.28 billion.
- Return on Equity: Itausa achieved a return on average equity of 18.3%.
- Analyst Ratings: The stock received 8 buy ratings, with no hold or sell ratings.
A look at Itausa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Itausa SA, an investment holding company with a diversified portfolio, is showing positive signs for long-term prospects based on the Smartkarma Smart Scores. With a Value score of 3, the company is considered reasonably priced, indicating potential for value appreciation. Its strong scores in Dividend, Growth, Resilience, and Momentum, all at 4, signal a solid performance across various aspects. This suggests a company that offers attractive dividend payouts, sustainable growth potential, resilience in challenging market conditions, and positive momentum in its stock performance.
Itausa’s operation as an investment holding company, with investments spanning various sectors including financial, wood paneling, ceramics, clothing, footwear, and gas pipelines, provides diversification and potential for growth. The combination of its strong fundamentals and well-rounded scores across key factors positions Itausa favorably for the future, making it an interesting prospect for investors seeking a balanced and potentially rewarding investment opportunity.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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