ITUB
Itaú Unibanco ADR
Bank / BV
★ Quality 49/100Price today
$8.15
This company value is already calculated
We know what it is worth from its audited numbers, and whether it trades above or below that today. Create your free account to see it.
See what it is worthcharlieapp.co
What this business is made of
The business
Brazil's banking heavyweight that no fintech has managed to knock down.
Itaú Unibanco is Brazil's largest private bank: 55 million clients, lending, cards, insurance and investment banking. It makes money on credit spread (NIM) and fees, with ROE 21-23% and NPL at historic lows of 1.9%.
Dominant scale in Brazil, an established brand, and a distribution network that no fintech has managed to erode in any meaningful way. Its credit discipline and cost culture set it apart from Bradesco and Santander Brasil in structural profitability.
Revenue history
From $22.1B to $35.6B in 4 years. The business grows steadily.
Where each $100 of sales goes
Revenue $27.2B · FY2024
Of every $100 in sales, $75 goes to costs and operations; $25 is left as net profit (25% margin).
Catalysts and risks
Selic rate-cut cycle: every 100 bps frees up provisions and boosts credit demand.
Dividend yield ~7.5% with a rising payout after a comfortable Basel III position.
Sustained ROE of 21-23% while regional peers hover around 15%.
BRL/USD: a 20% devaluation eats into the dividend in dollars.
Brazilian sovereign risk and Lula's fiscal stance pressure multiples.
Competition from Nubank in young clients and card margins.
Charlie's note
“The best bank in LATAM trading like an average one. The price prices in all of Brazil, not Itaú — and that's where the opportunity lies for whoever can stomach the currency.”
Analysis · May 2026
Want to follow Itaú Unibanco ADR?
We do not calculate a value here: Itaú Unibanco ADR does not generate cash flows you can project, and putting a number on it would be making it up. What you can do is follow it and tell us the price you care about — we will email you when it gets there.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.