Also trades as BRSR3.SA.
BRSR6.SA
Strong BuyUnloved QualityAI neutralBanco do Estado do Rio Grande do Sul S.A. · Financial Services · Brazil · $1.2B
BRL 17.20 +2.0% · close 6 Oct · scored 7 Oct
StockRank up 3.0 since 6 Oct: Momentum up 4 after a 2% price rise.
Unloved Quality: Strong and cheap; the market has not turned yet.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Banrisul is the Rio Grande do Sul state-controlled bank. It trades at a deep discount, recently secured a R$1.23 billion payroll management contract, and profitability has improved to a return on equity near 15%. State control limits capital allocation freedom and the bank has struggled to earn above its cost of capital over time.
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% | 7.0B | 9.5B | 10.5B | 9.0% |
| EPS (BRL) | 3.53 | 4.30 | 3.59 | 8.46 | 33.8% | 3.82 | 5.67 | 6.54 | -12.1% |
| Shares | 202.5M | 202.5M | 202.5M | 202.5M | 0.0% | 202.5M | — | — | — |
| Debt | 5.0B | 4.9B | 7.9B | 10.7B | 28.9% | 34.7B | — | — | — |
| Equity | 9.4B | 9.7B | 10.4B | 11.5B | 6.8% | — | — | — | — |
| Op CF | 841.0M | 6.1B | 16.5B | 15.1B | 161.8% | 2.0B | — | — | — |
| Inv CF | -890.8M | -3.3B | -19.9B | -14.5B | — | — | — | — | — |
| Fin CF | -3.1B | -469.2M | -511.2M | 964.1M | — | — | — | — | — |
Calmer than 70% of stocks we rank over the past year (31% a year).
How this is worked out
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 BRSR6.SA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BRSR6.SA | Banco do Estado do Rio Grande do Sul S.A.(you) | $1.2B | 85 | Strong Buy |
| ABCB4.SA | Banco ABC Brasil S.A. | $1.2B | 93 | Strong Buy |
| PINE4.SA | Banco Pine S.A. | $584M | 87 | Strong Buy |
| BMEB4.SA | Banco Mercantil do Brasil S.A. | $1.4B | 70 | Buy |
| BMGB4.SA | Banco BMG S.A. | $750M | 96 | Strong Buy |
| BAZA3.SA | Banco da Amazônia S.A. | $754M | 97 | Strong Buy |
| BEES3.SA | Banestes S.A - Banco do Estado do Espírito Santo | $604M | 93 | Strong Buy |
| AGBK | AGI Inc | $1.5B | 43 | Hold |
| INTR | Inter & Co, Inc. | $2.3B | 38 | Hold |
| SANB3.SA | Banco Santander (Brasil) S.A. | $21.5B | 78 | Buy |
Peer medians: ROE 16.2% · P/E 8.7x · Gross margin 74.3%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.