Banco Bradesco S.A.

AI-generated fair value estimate for this company.

Method: Residual income model on the NYSE ADR: book value per ADR $3.31; ROE starting at 15% rising to 17% by year 5 then fading to 15% terminal; 13% cost of equity; 60% earnings retention; 4% terminal growth applied to the perpetual excess-return terminal value.

Reasoning: Bradesco's ROE has been on a clear multi-quarter recovery off a credit-quality trough, so book-value/ROE-based residual income captures the bank's franchise economics and Brazil-specific cost of equity better than a generic cash-flow DCF.