Financials
BEES3 — BANESTES SA BANCO DO ESTADO DO ESPIRITO SANTO
BEES3 paid R$ 0.71 per share in 2025 (dividends + interest on equity, gross; record date within the year); over the 12 months to 2026-10-24, R$ 0.86, dividend yield 8.5% on the 2026-10-23 close.
CNPJ 28.127.603/0001-78 · listed classes: BEES3, BEES4 · CVM code 1155
Intermediação Financeira inerente aos Bancos Múltiplos por meio das carteiras autorizadas, inclusive Operações de Câmbio.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Bancos
Verdict
Net margin 6.2%; P/E 9.0 against 7.1 for the sector; 2025 data, no relevant restatement.
Confidence flag: Clean data
Data for fiscal year 2025, received by the CVM on 2026-06-01; 3 of the 5 core figures published; last restatement recorded in 2022.
Does the company make money?
- Net margin of 6.2% in 2025; sector median 9.1% (27 companies); the company itself ranged from 5.0% to 14.4% between 2010 and 2025; 50% of the 330 companies in the base are below; margin between 5% and 15%. how we compute it
- Return on invested capital (ROIC): does not apply — does not exist for a bank (financial-intermediation chart of accounts). how we compute it
Is it sound or indebted?
- Net debt to EBITDA: does not apply — does not exist for a bank (financial-intermediation chart of accounts). how we compute it
Is the share expensive or cheap relative to the sector and its own history?
- Price to earnings (P/E) of 9.0 in 2025; sector median 7.1 (5 companies); 64% of the 101 companies in the base are above; note: share count corrected from thousands to units. how we compute it
- Price to book (P/B) of 1.3 in 2025; sector median 1.1 (5 companies); 52% of the 101 companies in the base are above; note: total equity used instead of the controlling shareholders' equity; share count corrected from thousands to units. how we compute it
Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works
Quick answers: How much has it paid in dividends? · Has profit grown?
Embed these charts (net income and ROE: ready-made cards for your blog or forum)
Quote
1m +13.0% · 12m +28.2% · YTD +25.0% · 52-week R$ 7.80–10.15
Return by window
| 1 month | 3 months | 1 year | 2 years | 5 years | 10 years | |
|---|---|---|---|---|---|---|
| Price | +13.0% | +16.0% | +28.2% | +15.2% | +106.3% | +278.7% |
| With dividends reinvested | +14.3% | +18.1% | +41.8% | +35.5% | +216.4% | +670.7% |
| Real, net of inflation (IPCA to 09/2026) | +14.1% | +17.4% | +35.7% | +23.7% | +146.6% | +375.6% |
| R$ 1,000 would be worth | R$ 1,143 | R$ 1,181 | R$ 1,418 | R$ 1,355 | R$ 3,164 | R$ 7,707 |
Closing prices from the base up to 2026-10-23. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.
Buy-and-hold vs 21×100 moving-average crossover
| 2021-10-22 → 2026-10-23 | Return (price) | With dividends reinvested | …net of the JCP tax (15%) | Maximum drawdown (price) |
|---|---|---|---|---|
| Buy and hold | +126.93% | +248.07% | +231.02% | -18.78% |
| 21×100 crossover | +50.32% | +92.26% | +87.01% | -19.01% |
Closing price adjusted for corporate actions, with dividends, JCP and distributions reinvested on the ex-date, no tax; no costs; a session's crossover signal applies to the next one. Not a recommendation. Same numbers, with the premises and volatility, open, no key: /empresas/BEES3/desempenho.
How much did R$ 1,000 in BEES3 become in 1, 3, 5 and 10 years?
Corporate actions
| last day with rights | event | multiplier | net effect of the day | what the price said |
|---|---|---|---|---|
| 2025-09-01 | bonus issue (ON and PN) | 1.10× shares | — | effect smaller than the noise |
| 2015-01-16 | reverse split (ON and PN) | 0.20× shares | — | confirmed against the price |
| 2012-08-17 | stock split (ON and PN) | 1,000.00× shares | — | declared and observed DISAGREE |
Why the price chart jumps: prices are not split-adjusted. Events come from the exchange file (declared) and are checked against the price move; only those marked found by us were detected from the share count and the price. Several events on one day are one operation: the net effect column is what the price must have done. Every field, spin-offs included, is at /empresas/{ticker}/eventos.
Valuation
Today
BEES3 R$ 10.15 × 0.25 bn + BEES4 R$ 10.27 × 0.09 bneach class at its own close (common and preferred)
profit per sharenet income for the year ÷ shares
book value per shareshareholders' equity ÷ shares
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public.
At the filing date (point-in-time)
price of 2026-06-01 · sector 7.1 · 5 cos. · 4th of 6price ÷ earnings per share for the year
price of 2026-06-01 · sector 1.1 · 5 cos. · 4th of 6price ÷ book value per share
sector 18.5% · 8 cos. · 6th of 9net income to controlling ÷ average equity
By theme, fiscal year 2025
Valuation
| Earning yield todaynet income ÷ market value (the inverse of P/E) | 9.6% |
Debt and liquidity
| PL/Ativosequity ÷ total assets | 0.06× |
| Passivos/Ativos(total assets − equity) ÷ total assets | 0.94× |
Efficiency
| Margem líquidanet income ÷ net revenue | 6.2% |
Profitability
| ROEnet income to controlling ÷ average equity | 14.4% |
| ROAnet income ÷ total assets | 0.9% |
Growth
| Receita, 1 anorevenue this year ÷ previous year − 1 | 18.0% |
| Receita, CAGR 5 anoscompound annual growth of revenue over 5 years | 28.7% |
| Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only) | 8.9% |
Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.
Indicators, year by year
Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.
Fact checklist 6 of 7
- ✓More than 5 years of trading in our data 16.8 years
- ✓Profit in each of the last 5 fiscal years no losses
- ✓Never a loss in the base's history no losses
- ✓Latest-year ROE above 10% 14.4%
- –Revenue grew over 5 years (positive CAGR) does not apply to this type of company
- ✓Profit grew over 5 years (positive CAGR) 8.9%
- –Gross debt below equity does not apply to this type of company
- ✓Average yield of the last 5 years at least 5% 8.2% (median 7.8%)
- ✗Average daily traded value above R$ 10 million R$ 0.1 m/day
Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.
Full table
| indicator | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE ⟶ | 17.7%! | 9.8%! | 9.5%! | 12.3%! | 14.0%! | 13.9%! | 11.9%! | 12.6%! | 10.7%! | 14.1%! | 13.5%! | 13.1%! | 18.1%! | 15.7%! | 19.3%! | 14.4%! | 18.5% |
| ROIC | does not apply to this type of company | ||||||||||||||||
| ROA ⟶ | 1.5%! | 0.8% | 0.7% | 0.8% | 1.0% | 0.9% | 0.7% | 0.7% | 0.6% | 0.8% | 0.8% | 0.7% | 1.0% | 0.8% | 1.1% | 0.9% | 1.9% |
| Gross margin | does not apply to this type of company | ||||||||||||||||
| EBIT margin | does not apply to this type of company | ||||||||||||||||
| Net margin ⟶ | 12.6% | 6.5% | 6.7% | 8.3% | 8.2% | 7.0% | 5.0% | 6.3% | 7.1% | 10.2% | 14.4% | 10.9% | 7.2% | 6.3% | 9.3% | 6.2% | 9.1% |
| Revenue growth (1y) ⟶ | — | 10.5% | -2.2% | 12.7% | 28.1% | 27.7% | 29.5% | -8.5% | -18.4% | -3.0% | -26.5% | 36.8% | 117.8% | 7.2% | -9.8% | 18.0% | 15.4% |
| Revenue growth (5y CAGR) ⟶ | — | — | — | — | — | 14.8% | 18.5% | 16.9% | 9.6% | 3.7% | -7.2% | -6.1% | 12.5% | 18.8% | 17.1% | 28.7% | 20.7% |
| Net debt/EBITDA | does not apply to this type of company | ||||||||||||||||
| Current ratio | does not apply to this type of company | ||||||||||||||||
In reais, year by year
The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.
| line | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2T26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Net revenue | does not apply to this type of company | ||||||||||||||||||
| Cost of goods and services | does not apply to this type of company | ||||||||||||||||||
| Gross profit | does not apply to this type of company | ||||||||||||||||||
| EBITDA | does not apply to this type of company | ||||||||||||||||||
| Depreciation and amortization | does not apply to this type of company | ||||||||||||||||||
| EBIT (operating result) | does not apply to this type of company | ||||||||||||||||||
| Pre-tax profit (R$ m) | 208 | 103 | 102 | 153 | 193 | 176 | 220 | 259 | 231 | 252 | 332 | 343 | 509 | 433 | 596 | 405 | 163 | 545 | |
| Income taxes (R$ m) | -66 | -23 | -21 | -40 | -50 | -19 | -74 | -91 | -77 | -37 | -110 | -112 | -163 | -109 | -167 | -65 | -39 | -103 | |
| Net income (R$ m) | 142 | 80 | 82 | 113 | 143 | 156 | 146 | 167 | 154 | 215 | 222 | 231 | 346 | 324 | 429 | 340 | 124 | 443 | |
| Net income (controlling) (R$ m) | 142 | 80 | 82 | 113 | 143 | 156 | 146 | 167 | 154 | 215 | 222 | 231 | 346 | 324 | 429 | 340 | 124 | 443 | |
| Balance sheet | |||||||||||||||||||
| Total assets (R$ bn) | 9.7 | 10.3 | 12.6 | 14.3 | 15.3 | 18.4 | 25.8 | 22.9 | 28.0 | 23.8 | 30.5 | 34.0 | 36.8 | 41.4 | 36.9 | 39.7 | 42.4 | 42.4 | |
| Gross debt (short + long term) | does not apply to this type of company | ||||||||||||||||||
| Net debt | does not apply to this type of company | ||||||||||||||||||
| Shareholders' equity (R$ bn) | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 1.5 | 1.6 | 1.7 | 1.8 | 2.0 | 2.1 | 2.3 | 2.4 | 2.5 | 2.5 | |
| Cash flow | |||||||||||||||||||
The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.
The current year, quarter by quarter
As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.
| quarter | revenue (R$ m) | profit (R$ m) | net margin | P/E TTM | P/B | filed on |
|---|---|---|---|---|---|---|
| 2024T1! | — | 67.6 | — | 8.1 | 1.30 | 2024-05-14 |
| 2024T2! | — | 107.3 | — | 8.5 | 1.31 | 2024-08-13 |
| 2024T3! | — | 136.9 | — | 7.0 | 1.17 | 2024-11-12 |
| 2025T1! | — | 111.7 | — | 5.7 | 1.18 | 2025-06-09 |
| 2025T2! | — | 7.1 | — | 7.3 | 1.15 | 2025-08-19 |
| 2025T3! | — | 106.0 | — | 8.0 | 1.12 | 2025-11-13 |
| 2026T1! | — | 97.9 | — | 9.5 | 1.26 | 2026-05-13 |
| 2026T2! | — | 123.7 | — | 6.5 | 1.15 | 2026-08-12 |
Full series, every quarter: GET /empresas/BEES3/trimestres
Dividends
Next: 2026-11-03 payment · JCP R$ 0.0288
The latest dividend by BEES3 was a JCP of R$ 0.0738 per share (record date 2026-10-01, payment 2026-10-14). In the last 12 months: 17 payments adding up to R$ 0.8639 per share. Average yield of the last 5 full years: 8.2% (median 7.8%).
| type | record date | ex-date | payment | per share |
|---|---|---|---|---|
| JCP | 2026-10-01 | 2026-10-02 | 2026-10-14 | R$ 0.0738 |
| JCP | 2026-10-01 | 2026-10-02 | 2026-11-03 | R$ 0.0288 |
| JCP | 2026-09-01 | 2026-09-02 | 2026-10-01 | R$ 0.0288 |
| JCP | 2026-08-03 | 2026-08-04 | 2026-09-01 | R$ 0.0288 |
| JCP | 2026-07-02 | 2026-07-03 | 2026-07-20 | R$ 0.0729 |
| JCP | 2026-07-01 | 2026-07-02 | 2026-08-03 | R$ 0.0288 |
| JCP | 2026-06-01 | 2026-06-02 | 2026-07-01 | R$ 0.0288 |
| JCP | 2026-05-04 | 2026-05-05 | 2026-06-01 | R$ 0.0288 |
| JCP | 2026-04-01 | 2026-04-02 | 2026-05-04 | R$ 0.0288 |
| JCP | 2026-03-26 | 2026-03-27 | 2026-04-13 | R$ 0.0745 |
| JCP | 2026-03-02 | 2026-03-03 | 2026-04-01 | R$ 0.0288 |
| JCP | 2026-02-02 | 2026-02-03 | 2026-03-02 | R$ 0.0288 |
| JCP | 2026-01-02 | 2026-01-05 | 2026-02-02 | R$ 0.0288 |
| JCP | 2025-12-18 | 2025-12-19 | 2025-12-30 | R$ 0.2211 |
| dividend | 2025-12-18 | 2025-12-19 | 2025-12-30 | R$ 0.0863 |
| JCP | 2025-12-01 | 2025-12-02 | 2026-01-02 | R$ 0.0237 |
| JCP | 2025-11-03 | 2025-11-04 | 2025-12-01 | R$ 0.0237 |
| JCP | 2025-10-01 | 2025-10-02 | — | R$ 0.0237 |
| JCP | 2025-09-01 | 2025-09-02 | — | R$ 0.0237 |
| JCP | 2025-08-01 | 2025-08-04 | — | R$ 0.0237 |
| JCP | 2025-07-03 | 2025-07-04 | — | R$ 0.1195 |
| JCP | 2025-07-01 | 2025-07-02 | — | R$ 0.0237 |
| JCP | 2025-06-02 | 2025-06-03 | — | R$ 0.0237 |
| JCP | 2025-05-02 | 2025-05-05 | — | R$ 0.0237 |
Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.
Record dates in the last 5 years, by month: Jan5Feb5Mar6Apr5May8Jun7Jul8Aug5Sep5Oct7Nov7Dec9
Per year
| year | per share | payments | yield |
|---|---|---|---|
| 2026 | R$ 0.5090 | 13 | 5.0% |
| 2025 | R$ 0.7118 | 15 | 8.8% |
| 2024 | R$ 0.6638 | 15 | 7.8% |
| 2023 | R$ 0.6341 | 15 | 6.7% |
| 2022 | R$ 0.5866 | 15 | 10.6% |
| 2021 | R$ 0.3421 | 14 | 7.1% |
| 2020 | R$ 0.2124 | 11 | 3.9% |
| 2019 | R$ 0.3018 | 14 | 4.8% |
| 2018 | R$ 0.2540 | 15 | 6.1% |
| 2017 | R$ 0.1978 | 14 | 5.5% |
Yield per year = the year's dividends over the close of its last session; the current year is partial.
Shareholders and free float
15,897,668 sharesshares outstanding held by the market, as filed in the FRE
45,531 individuals · 64 companies · 13 institutionalcount at the last shareholders meeting, from the FRE
as declared in the FREshareholders the company marks as controlling
Básicominimum guaranteed by the listing segment or by law; the bylaws may grant more
| shareholder | type | % ON | % PN | % total |
|---|---|---|---|---|
| ESTADO DO ESPÍRITO SANTO ctrl agreement | PJ | 92.48% | 92.06% | 92.36% |
| Others (market) | — | — | — | 7.63% |
| Treasury shares | — | — | — | 0.00% |
Direct holdings from the reference form (FRE) filed on 2026-09-25, version 12. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.
Filings and notices
| filed | category | subject | document |
|---|---|---|---|
| 2026-10-07 | Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada | — | open |
| 2026-10-07 | Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada | — | open |
| 2026-10-02 | Reunião da Administração · Conselho de Administração | Designação do Ouvidor | open |
| 2026-10-02 | Ato Homologatório emitido pelo Banco Central | Comunicação de arquivamento de processo - eleição de ouvidor | open |
| 2026-09-29 | Reunião da Administração · Conselho de Administração | Suspensão - Projeto Loteria | open |
| 2026-09-29 | Contratos de Indenidade · Contratos de indenidade e aditivos | Contratos de Indenidade - Membros do Comitê de Remuneração e de Elegibilidade | open |
| 2026-09-29 | Ato Homologatório emitido pelo Banco Central | Ato Homologatório do Banco Central do Brasil - Eleição Comitê de Remuneração e de Elegibilidade | open |
| 2026-09-28 | Fato Relevante | Suspensão do Projeto da Banestes Loteria S.A. | open |
| 2026-09-28 | Fato Relevante | Lucro ou Prejuízo e Atribuição de Proventos em Dinheiro | open |
| 2026-09-28 | Reunião da Administração · Conselho Fiscal | Pagamento de JCP Intermediário - 3º trimestre de 2026 | open |
The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.
Restated filings for this company
The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.
| fiscal year | account | first filing | restated |
|---|---|---|---|
| 2021 | DRE 3.01 | 2,111.6 | 2,196.5 |
| 2021 | DRE 3.03 | 917.6 | 1,002.6 |
| 2012 | BPA 1 | 12,611.5 | 12,682.3 |
| 2012 | BPP 2 | 12,611.5 | 12,682.3 |
| 2012 | DRE 3.07 | 81.7 | 73.4 |
| 2012 | DRE 3.05 | 102.3 | 94.1 |
| 2022 | DRE 3.06 | -163.3 | -162.3 |
Every restatement of this company, year by year
This company appears in
Compare
Side by side, with each figure's caveat and how often each company restated its filings.
BEES3 × ITUB4 · BEES3 × BBDC4 · BEES3 × BPAC11 · BEES3 × SANB11 · BEES3 × BBAS3 · BEES3 × ITSA4
compare with the sector: ITUB4 × BBDC4 × BPAC11
Other companies in Financials
33 more with a page, same CVM sector — a classification of the regulator's, not ours.
Take this into your code
GET /empresas/BEES3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).Price coverage: 4,140 sessions, 2010-01-04 → 2026-10-23 · methodology · how we verify
Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.
Numbers on this page are live. Data version 2026-10-18-pl-classe-versoes · page generated 2026-10-24 07:04 UTC. If this does not match /saude, you are reading a cached copy.