$Itau Unibanco (ITUB.US)$The Brazilian company, which was li...

It has grown amidst revenue fluctuations over the past 5 years, with an average growth rate of 5.4%. The 5-year average net profit was 25.53 billion yuan. The net profit of minority shareholders in 2022 accounted for 3.4% of net profit, which had little impact. Net profit attributable to common shareholders averaged 25.48 billion BRL (US$5.13 billion) for 5 years. The return on net assets in 2022 was 18.5%, and the 5-year arithmetic average was 17.7%.

In the first three quarters of 2023, revenue increased 8.6%, and net profit increased 11%.

The balance ratio has increased from 90.3% to 92.4% in the past 5 years, and is currently 92.3%. Goodwill and other intangible assets account for 12.2% of net assets. Treasury stocks can be ignored, and the share capital of common shares has declined.

Currently, the price-earnings ratio is 10.8, and the price-earnings ratio is TTM10. The 5-year average net profit corresponds to a price-earnings ratio of 12.4, a net price-earnings ratio of 1.7, and a dividend ratio of 3.6%. The dividend is unstable in the long run, and the current valuation is not very attractive.