BRBI BR Partners S.A.

AI-generated fair value estimate for this company.

Method: Excess-return (Gordon Growth on ROE) valuation on the BRBI11 ordinary-share base, translated to the USD-listed ADR assuming a 1:1 ADR ratio (not separately disclosed): R$7.71 book value per share; 18% sustainable ROE (vs. 19.74% trailing); 15% Brazil-risk-adjusted cost of equity; 6% terminal growth (nominal Brazilian GDP-plus-inflation); implied value of R$10.28/share, converted at 5.226 BRL/USD (Oct 1, 2026 spot) to ~$1.97.

Reasoning: BR Partners is a fee-based investment bank (M&A advisory, capital markets, treasury) whose returns are driven by ROE on a capital-light balance sheet rather than by projecting unlevered free cash flow, so an excess-return/P-B framework anchored to book value and trailing ROE is the most appropriate method; the discount rate reflects Brazil's higher risk-free rate and country risk premium versus the U.S.