- Itausa’s net income for the fourth quarter was R$2.98 billion, showing a decrease of 10% from the previous year.
- The recurring net income stood at R$3.46 billion, marking a 3% increase year on year.
- The company’s net debt significantly reduced by 83% to R$652 million.
- Total assets of Itausa increased by 8% to R$89.90 billion compared to the previous year.
- The return on average equity was 14.7%, down from 18.5% in the previous year.
- Itausa successfully completed the divestment in XP, selling 14.7 million shares of XP Inc. in the fourth quarter of 2023. This makes a total of 35.5 million shares sold in 2023 for R$3.8 billion.
- The company has received 8 buy ratings, with no holds or sells.
Itausa on Smartkarma
Itausa, a Brazilian holding company, has recently caught the attention of independent analysts on Smartkarma, an investment research network. According to a report by Victor Galliano, the company’s equity value is mostly derived from its stake in Itaú Unibanco, one of the largest banks in Latin America. However, Itausa also has exposure to wealth tech company XP, although this only makes up a small portion of its overall value. Despite this, Itausa is currently trading at a significant discount, making it an attractive option for those looking for indirect investment in Itaú Unibanco.
Based on the analysis by Galliano, Itausa is currently trading at a discount of over 25% to its HoldCo NAV (net asset value), which is historically high. This means that investors can gain exposure to Itaú Unibanco at a discounted price by investing in Itausa. Additionally, Itaú Unibanco accounts for a majority of Itausa’s equity value, further solidifying the company’s position as a viable option for indirect investment in the bank. Overall, Itausa on Smartkarma presents a unique opportunity for investors to gain exposure to a top Latin American bank at a discounted price.
A look at Itausa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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, a large investment holding company, is expected to have a positive long-term outlook based on its Smartkarma Smart Scores. With a Value score of 3, Dividend score of 4, Growth score of 4, Resilience score of 4, and Momentum score of 5, the company is performing well across various factors. This indicates that Itausa is a solid investment option for those looking for stable and consistent returns.
The company operates in various sectors such as finance, wood paneling, ceramics, metal sanitary, and more. Its diverse portfolio and global presence make it a strong player in the market. With a high Momentum score of 5, Itausa is also showing strong potential for future growth and success. Overall, Itausa is a promising investment option with a positive outlook for the long-term.
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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