Subscribe

B3 S.A. - Brasil, Bolsa, Balcão (B3SA3.SA)

BRL15.34 +0.22 (+1.46%)
BR SAO Financial Services Financial - Data & Stock Exchanges
Address PraCa Antonio Prado, 48 18970-020
São Paulo, SP, BR
CEO Gilson Finkelsztain
Website b3.com.br
IPO 2007-10-26
ISIN BRB3SAACNOR6

Explore sections of this company profile

Also trades on B3 S.A. · B3SA3.SA (BRL) Other OTC · BOLSY (USD)
Description

B3 S.A. - Brasil, Bolsa, Balcão functions as a crucial financial market infrastructure provider, delivering comprehensive trading solutions across both exchange-traded and over-the-counter (OTC) environments. Its operations are structured into distinct segments: Listed Products, OTC Products, Infrastructure for Financing, and Technology, Data, and Services. The company's diverse array of offerings for listed markets includes equities and various commodity-linked securities, such as those for anhydrous and hydrous fuel ethanol, different grades of Arabica coffee, corn, crystal sugar, gold, live cattle, and soybeans. Additionally, it facilitates trading in Exchange Traded Funds (ETFs), sovereign debt instruments, and financial derivatives linked to exchange rates and interest rates. B3 also provides specialized collateral management products. In the OTC realm, B3 handles derivatives, decarbonization credits, and foreign-contracted derivatives, alongside operating its B3 electricity platform. Its extensive OTC market portfolio encompasses agribusiness, banking funding, bonds, mortgages, securities registration, treasury bonds, and a multitude of other financial instruments. The company further offers registration services for structured transaction certificates, manages netting agreements, and supports ESG-related initiatives, complemented by essential clearing and settlement services. Beyond direct trading, B3 supports market participants through services for trading members and operates as a central depository. It curates a broad spectrum of indices, including those focused on corporate governance, specific market segments, sustainability, and broader market performance, some developed in partnership with S&P Dow Jones. Furthermore, B3 provides access to alternative investment products like Tesouro Direto. A significant part of B3's service portfolio is dedicated to market data, encompassing quotes, distributor services, historical data, and various analytical reports. It offers specialized data services under the UP2DATA, DATAWISE, and UP2DATA ON DEMAND brands, as well as critical financing market information. To empower its clients, B3 maintains a suite of advanced platforms, including the PUMA trading system, a user-friendly trading interface, InsurConnect, Middle and Backoffice solutions, Risk Management LINE, Real Estate Market Collateral, and Risk Management Financing. These are augmented by robust connectivity options and essential hosting and colocation services. Originally established in 2007 as BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros, the company rebranded to B3 S.A. - Brasil, Bolsa, Balcão in June 2017. Its corporate headquarters are located in São Paulo, Brazil.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
BRL15.34 +0.22 (+1.46%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
40M
Beta
0.15
Float Shares
4.79B
Free Float %
95.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.90% -3.93% -9.84% +1.32% +24.58% +30.98% +22.49% +36.15% +0.29% +171.45% +100.80%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.34
DCF (Unlevered) 35.46 +131.2%
DCF (Levered) 29.01 +89.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 6 0
Hold 6 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.92
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
9 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Financial - Data & Stock Exchanges: +11.9%
    +6.8% Q1'26: +20.3% (vs Q1'25)
  • EPS growth Financial - Data & Stock Exchanges: +19.9%
    +6.0% Q1'26: +38.1% (vs Q1'25)
  • FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%
    +27.6% Q1'26: +52.4% (vs Q1'25)
  • EBIT margin Financial - Data & Stock Exchanges: +51.8%
    +86.1% Q1'26: +86.6% (vs Q1'25)
  • ROIC Financial - Data & Stock Exchanges: +13.5%
    +33.9% Q1'26: +39.0% (vs Q1'25)
  • Share dilution Financial - Data & Stock Exchanges: +0.6%
    -5.1% Q1'26: -1.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×
    1.65× Q1'26: 1.51× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.20) × ERP
WACC = 86% × Ke + 14% × Kd (11.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 35.46 Current price: 15.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
5 EPS Ana.
Dec 2027
11 Rev. Ana.
7 EPS Ana.
Dec 2028
9 Rev. Ana.
2 EPS Ana.
Dec 2029
4 Rev. Ana.
Dec 2030
4 Rev. Ana.
Revenue
2.22B
est: 2.27B (-2.2%)
2.32B
est: 2.38B (-2.6%)
3.67B
est: 3.96B (-7.3%)
4.83B
est: 4.97B (-2.8%)
5.90B
est: 5.98B (-1.3%)
8.10B
est: 8.20B (-1.2%)
9.06B
est: 9.33B (-2.9%)
9.09B
est: 9.19B (-1.1%)
8.92B
est: 9.17B (-2.7%)
9.43B
est: 9.72B (-3.0%)
10.07B
est: 10.17B (-1.0%)
11.50B
11.17B – 11.97B
+13.2% YoY
12.50B
11.78B – 13.17B
+8.7% YoY
13.45B
13.41B – 13.49B
+7.6% YoY
13.97B
13.35B – 14.63B
+3.9% YoY
16.26B
15.53B – 17.03B
+16.4% YoY
EBITDA
3.06B
est: 1.99B (+53.6%)
1.50B
est: 2.09B (-28.4%)
2.78B
est: 3.48B (-20.2%)
3.66B
est: 4.36B (-16.0%)
4.68B
est: 5.25B (-10.8%)
6.82B
est: 7.19B (-5.3%)
8.17B
est: 8.19B (-0.3%)
8.23B
est: 8.06B (+2.1%)
7.93B
est: 8.15B (-2.7%)
8.01B
est: 8.65B (-7.3%)
9.05B
est: 9.04B (+0.2%)
10.23B
9.93B – 10.64B
+13.2% YoY
11.12B
10.47B – 11.71B
+8.7% YoY
11.96B
11.92B – 12.00B
+7.6% YoY
12.42B
11.87B – 13.01B
+3.9% YoY
14.45B
13.81B – 15.14B
+16.4% YoY
EBIT
2.95B
est: 1.74B (+69.0%)
1.40B
est: 1.83B (-23.6%)
2.06B
est: 3.05B (-32.3%)
2.71B
est: 3.82B (-29.1%)
3.65B
est: 4.60B (-20.6%)
5.78B
est: 6.30B (-8.4%)
7.11B
est: 7.18B (-0.9%)
7.17B
est: 7.06B (+1.6%)
6.84B
est: 7.32B (-6.5%)
7.44B
est: 7.76B (-4.1%)
8.67B
est: 8.12B (+6.8%)
9.18B
8.91B – 9.55B
+13.2% YoY
9.98B
9.40B – 10.52B
+8.7% YoY
10.74B
10.70B – 10.77B
+7.6% YoY
11.15B
10.66B – 11.68B
+3.9% YoY
12.98B
12.40B – 13.59B
+16.4% YoY
Net Income
2.20B
est: 1.45B (+52.0%)
1.45B
est: 1.86B (-22.4%)
1.30B
est: 1.66B (-21.9%)
2.09B
est: 2.16B (-3.3%)
2.71B
est: 2.95B (-8.0%)
4.15B
est: 4.11B (+1.1%)
4.72B
est: 5.03B (-6.2%)
4.23B
est: 4.31B (-2.0%)
4.13B
est: 3.90B (+5.9%)
4.58B
est: 4.46B (+2.7%)
4.59B
est: 5.27B (-13.0%)
6.31B
5.93B – 6.69B
+19.7% YoY
6.54B
6.02B – 7.54B
+3.7% YoY
6.96B
6.85B – 7.08B
+6.4% YoY
— – —
-100.0% YoY
— – —
SGA
59.63M
est: 16.51M (+261.1%)
62.22M
est: 17.35M (+258.6%)
143.84M
est: 28.86M (+398.4%)
121.29M
est: 36.22M (+234.9%)
105.87M
est: 43.60M (+142.8%)
107.86M
est: 59.72M (+80.6%)
34.83M
est: 68.00M (-48.8%)
55.23M
est: 66.94M (-17.5%)
57.82M
est: 85.10M (-32.1%)
63.26M
est: 90.27M (-29.9%)
234.51M
est: 94.36M (+148.5%)
106.77M
103.64M – 111.09M
+13.2% YoY
116.05M
109.30M – 122.27M
+8.7% YoY
124.83M
124.43M – 125.23M
+7.6% YoY
129.68M
123.92M – 135.82M
+3.9% YoY
150.89M
144.18M – 158.03M
+16.4% YoY
EPS
0.41
est: 0.26 (+55.2%)
0.27
est: 0.34 (-20.5%)
0.22
est: 0.30 (-27.3%)
0.34
est: 0.39 (-13.6%)
0.44
est: 0.54 (-18.2%)
0.68
est: 0.75 (-9.2%)
0.78
est: 0.92 (-14.9%)
0.71
est: 0.79 (-9.8%)
0.72
est: 0.75 (-3.8%)
0.84
est: 0.85 (-1.7%)
0.89
est: 1.01 (-12.0%)
1.19
1.14 – 1.29
+17.7% YoY
1.27
1.16 – 1.45
+7.0% YoY
1.34
1.32 – 1.36
+5.0% YoY
— – —
-100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.17B
OE per share TTM
0.22
Owner's Yield
1.27%
Maintenance CapEx ratio
5.59%
Maint CapEx / Avg PPE
9.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.00M
Shares Outstanding
5.01B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ana Christina Buchaim Gagliardi VP of People, Brand, Marketing, Comm, Sustainability & Social Investment and Statutory Board Member female
Andre Veiga Milanez Chief Financial, Administrative & Investor Relations Officer and Member of Statutory Board male
Eduardo Lopes Farias Executive Director of Governance, Integrated Mgmt & Cyber Security and Member of Statutory Board male
Gilson Finkelsztain Chief Executive Officer & President of Statutory Board male
Luiz Masagão Ribeiro Filho Vice-President of Products & Clients and Member of Statutory Board male
Marcos Vanderlei Belini Ferreira Vice President of Infrastructure Unit for Financing & Member of Statutory Board male
Mario Rodrigo Leitzke Palhares Vice President of Operations – Electronic Trading & Central Counterparty and Member of Statutory Board male
Rodrigo Antonio Nardoni Goncales Vice President of Technology & Member of Statutory Board male
Silvia Maria de A. Bugelli Valenca Chief Legal Officer & Member of Statutory Board
Viviane El Banate Basso Vice President of Operations – Issuers, Custodian & OTC and Member of Statutory Board female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits