Itaú Unibanco Holding S.A.
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
1.581.461.26
Price/Sales ratio
0.390.360.32
Earnings per Share (EPS)
$4.19$4.54$5.24

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
7.234.937.7310.0311.4010.8816.897.638.3510.057.7310.88
Price/Sales ratio
1.791.451.572.262.722.632.681.671.762.671.242.63
Price/Book Value ratio
1.571.131.461.772.072.151.771.331.451.741.492.15
Price/Cash Flow ratio
1.73-3.685.9327.7412.508.374.273.391.874.293.188.37
Price/Free Cash Flow ratio
1.84-3.426.3647.4914.309.544.694.002.004.873.519.54
Price/Earnings Growth ratio
0.230.24-0.873.412.531.26-0.370.090.950.780.151.26
Dividend Yield
4.05%5.51%4.26%4.33%7.07%8.78%4.53%3.06%2.74%3.10%9.22%7.07%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%96.58%100%100%100%100%276.85%119.72%96.58%
Operating Profit Margin
116.82%106.40%116.46%104.26%96.43%27.24%9.57%33.33%126.27%41.36%19.27%27.24%
Pretax Profit Margin
33.16%20.91%33.44%30.48%29.37%27.86%5.52%34.66%27.08%31.88%18.09%27.86%
Net Profit Margin
24.81%29.47%20.37%22.62%23.90%24.18%15.91%21.96%21.07%26.58%16.02%24.18%
Effective Tax Rate
24.11%-43.20%38.25%24.65%16.23%10.97%-188.03%32.78%18.10%14.66%10.45%10.97%
Return on Assets
1.91%2.01%1.71%1.66%1.60%1.65%0.74%1.29%1.25%1.30%1.40%1.65%
Return On Equity
21.71%22.93%18.97%17.72%18.20%19.80%10.53%17.50%17.39%17.40%20.24%18.20%
Return on Capital Employed
9.66%7.88%10.58%8.26%6.84%2.02%0.47%2.06%8.04%2.18%1.68%2.02%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.470.57N/AN/AN/AN/A0.47
Quick Ratio
10.439.249.699.3112.187.7712.5511.966.510.21N/A7.77
Cash ratio
1.341.171.311.441.871.231.872.081.420.21N/A1.23
Days of Sales Outstanding
17.2819.6221.9828.9435.20N/AN/AN/A206.41N/A137.7835.20
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/A35.20N/AN/AN/AN/AN/A137.7835.20
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/A35.20N/AN/AN/AN/AN/A137.7835.20
Debt Ratios
Debt Ratio
0.170.190.160.080.09N/A0.080.090.110.170.170.09
Debt Equity Ratio
1.972.231.840.921.07N/A1.261.241.582.352.391.07
Long-term Debt to Capitalization
0.540.570.640.470.51N/A0.550.550.610.570.580.51
Total Debt to Capitalization
0.660.690.640.470.51N/A0.550.550.610.700.700.51
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.30N/A
Cash Flow to Debt Ratio
0.45-0.130.130.060.15N/A0.330.310.480.170.190.15
Company Equity Multiplier
11.3511.3711.0310.6411.3511.9514.1213.5313.8313.3713.8211.35
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.03-0.390.260.080.210.310.620.490.930.620.380.21
Free Cash Flow / Operating Cash Flow Ratio
0.941.070.930.580.870.870.910.840.930.880.900.87
Cash Flow Coverage Ratio
0.45-0.130.130.060.15N/A0.330.310.480.170.190.15
Short Term Coverage Ratio
1.18-0.35N/AN/AN/AN/AN/AN/AN/A0.410.46N/A
Dividend Payout Ratio
29.31%27.22%32.98%43.43%80.67%95.58%76.68%23.41%22.96%31.25%54.62%95.58%