BRSR3.SA
Strong BuyFull HouseAI neutralBanco do Estado do Rio Grande do Sul S.A. · Financial Services · Brazil · $1.5B cap · $19K/day traded
BRL 19.32 +0.0% · close 13 Oct · scored 14 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
As of 14 Oct 2026, MoatMap's StockRank for Banco do Estado do Rio Grande do Sul S.A. (BRSR3.SA) is 93/100, ranked against 24,000+ stocks in 35 markets (Quality 51, Value 87, Momentum 58, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Banrisul is the state-controlled bank of Rio Grande do Sul. It trades at a low valuation, pays regular interest-on-capital distributions, and recently renegotiated the state payroll contract for more than R$1.2bn. Its franchise is regional and depends on the state government, and profitability has trailed Brazil's leading private banks. The low valuation reflects that control structure rather than an overlooked quality franchise.
ABOUT BANCO DO ESTADO DO RIO GRANDE DO SUL S.A.
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Banco do Estado do Rio Grande do Sul S.A., a multiple-service bank, provides a range of banking products and services primarily in Brazil. The company engages in the retail banking, lending, financing and investment, mortgage loan, development, lease portfolio, and foreign exchange activities.
FINANCIAL SUMMARY (BRL)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.2B | 7.5B | 8.4B | 8.8B | 7.1% | 7.3B | 9.6B | 10.6B | 9.3% |
| EPS (BRL) | 1.75 | 2.13 | 1.78 | 4.19 | 33.8% | 4.01 | — | — | — |
| Shares | 409.0M | 409.0M | 409.0M | 409.0M | 0.0% | — | — | — | — |
| Debt | 5.0B | 4.9B | 7.9B | 10.7B | 28.9% | 36.4B | — | — | — |
| Equity | 9.4B | 9.7B | 10.4B | 11.5B | 6.8% | — | — | — | — |
| Op CF | 841.0M | 6.1B | 16.5B | 15.1B | 161.8% | 2.1B | — | — | — |
| Inv CF | -890.8M | -3.3B | -19.9B | -14.5B | — | — | — | — | — |
| Fin CF | -3.1B | -469.2M | -511.2M | 964.1M | — | — | — | — | — |
Above its 200-day average and 1% below its 52-week high.
Calmer than 83% of stocks we rank over the past year (25% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of BRSR3.SA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BRSR3.SA | Banco do Estado do Rio Grande do Sul S.A.(you) | $1.5B | 93 | Strong Buy |
| ABCB4.SA | Banco ABC Brasil S.A. | $1.2B | 89 | Strong Buy |
| BMGB4.SA | Banco BMG S.A. | $750M | 93 | Strong Buy |
| BAZA3.SA | Banco da Amazônia S.A. | $754M | 96 | Strong Buy |
| BEES3.SA | Banestes S.A - Banco do Estado do Espírito Santo | $604M | 95 | Strong Buy |
| BMEB4.SA | Banco Mercantil do Brasil S.A. | $1.4B | 73 | Buy |
| PINE4.SA | Banco Pine S.A. | $584M | 89 | Strong Buy |
| AGBK | AGI Inc | $1.5B | 44 | Hold |
| INTR | Inter & Co, Inc. | $2.3B | 33 | Sell |
| SANB3.SA | Banco Santander (Brasil) S.A. | $21.5B | 73 | Buy |
Peer medians: ROE 16.2% · P/E 11.7x · Gross margin 63.7%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.