BBD vs. SHG: Banco Bradesco vs. Shinhan Financial Stock Comparison
How do Banco Bradesco (BBD) and Shinhan Financial (SHG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Banco Bradesco (BBD) and Shinhan Financial (SHG) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
Both Banco Bradesco (BBD) and Shinhan Financial (SHG) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.
| Profile Item | BBD | SHG |
|---|---|---|
| Name | Banco Bradesco S.A. ADR | Shinhan Financial Group Co., Ltd. American Depositary Receipt |
| Country/Region | Brazil | South Korea |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 28.39 billion USD | 29.40 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | August 2, 2002 | September 17, 2003 |
| Security Type | ADR | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BBD | SHG |
|---|---|---|
| Total Return (1Y) | -20.95% | 21.12% |
| Total Return (3Y, Annualized) | 2.33% | 38.84% |
| Total Return (5Y, Annualized) | 0.81% | 19.67% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Banco Bradesco (BBD) is heavily traded at around 43.85M shares per day, whereas Shinhan Financial (SHG) sees a more moderate 184.95K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | BBD | SHG |
|---|---|---|
| Volatility (1Y, Annualized) | 49.48% | 33.83% |
| Beta (5Y) | 0.64 | 1.05 |
| Max Drawdown (5Y) | -52.00% | -35.19% |
| Avg. Volume (3M) | 43.85M | 184.95K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BBD | SHG |
|---|---|---|
| Sharpe Ratio (1Y) | -0.51 | 0.50 |
| Sortino Ratio (1Y) | -0.67 | 0.76 |
Profitability
ROE (TTM)
Banco Bradesco (BBD) at 14.20% sits in the top ROE quartile, while Shinhan Financial (SHG) at 8.94% is in the bottom quartile, showing a clear gap in returns on equity.
BBD
Banks industry group
14.20%
- Max
- 19.84%
- BBD
- 14.20%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
SHG
Banks industry group
8.94%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- SHG
- 8.94%
- Min
- 3.64%
Net Margin (TTM)
Banco Bradesco (BBD) at 27.27% keeps about the industry-typical share of revenue as profit, while Shinhan Financial (SHG) at 26.15% retains only a bottom-quartile share.
BBD
Banks industry group
27.27%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- BBD
- 27.27%
- Q1
- 27.11%
- Min
- 14.93%
SHG
Banks industry group
26.15%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- SHG
- 26.15%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Banco Bradesco (BBD) in Banks and Shinhan Financial (SHG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | BBD | SHG |
|---|---|---|
| ROE (TTM) | 14.20% | 8.94% |
| ROA (TTM) | 1.12% | 0.69% |
| Net Margin (TTM) | 27.27% | 26.15% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Banco Bradesco (BBD) at 11.85% is around its peer norm for revenue growth, while Shinhan Financial (SHG) at 4.66% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Banco Bradesco (BBD) at 37.42% sits in the top EPS growth quartile, while Shinhan Financial (SHG) at 16.24% is closer to the peer norm — faster per-share earnings growth for BBD.
Growth Metrics
| Metric | BBD | SHG |
|---|---|---|
| Revenue Growth (YoY) | 11.85% | 4.66% |
| Revenue Growth (3Y CAGR) | 2.67% | 6.87% |
| EPS Growth (YoY) | 37.42% | 16.24% |
| EPS Growth (3Y CAGR) | 4.44% | 2.45% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Banco Bradesco (BBD) in Banks and Shinhan Financial (SHG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Banco Bradesco (BBD) in Banks and Shinhan Financial (SHG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | BBD | SHG |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Banco Bradesco (BBD) at 53.03% and Shinhan Financial (SHG) at 4,638.28% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.
BBD
Banks industry group
53.03%
- BBD
- 53.03%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
SHG
Banks industry group
4,638.28%
- SHG
- 4,638.28%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Shinhan Financial (SHG) at 25.22% pays out a band-typical share of earnings, while Banco Bradesco (BBD) at 53.52% distributes more than its industry norm — less retained, thinner cover.
BBD
Banks industry group
53.52%
- Max
- 70.75%
- BBD
- 53.52%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
SHG
Banks industry group
25.22%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- SHG
- 25.22%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | BBD | SHG |
|---|---|---|
| Dividend Yield (TTM) | 53.03% | 4,638.28% |
| Dividend Payout Ratio (TTM) | 53.52% | 25.22% |
Valuation
P/E Ratio (TTM)
Both screen inexpensive on earnings, but Banco Bradesco (BBD) at 5.64 is the deeper discount: its P/E ratio is below the industry range, while Shinhan Financial (SHG) at 7.98 sits in the cheaper quartile.
BBD
Banks industry group
5.64
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
- BBD
- 5.64
SHG
Banks industry group
7.98
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- SHG
- 7.98
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both Banco Bradesco (BBD) in Banks and Shinhan Financial (SHG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
Relative to net asset value, both Banco Bradesco (BBD) at 0.69 and Shinhan Financial (SHG) at 0.66 look inexpensive, sitting in the lower P/B ratio quartile of their industries.
BBD
Banks industry group
0.69
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- BBD
- 0.69
- Min
- 0.59
SHG
Banks industry group
0.66
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- SHG
- 0.66
- Min
- 0.59
Valuation Metrics
| Metric | BBD | SHG |
|---|---|---|
| P/E Ratio (TTM) | 5.64 | 7.98 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 0.69 | 0.66 |
| Free Cash Flow Yield (TTM) | -- | -- |