Início
Caracterização do BCP:
Operates as an international commercial bank
Banco Comercial Portugues SA operates as an international commercial bank that offers wide range of banking activities and financial services.
It operates through the following segments: Retail Banking, Corporate and Investment Banking, Private Banking and Asset Management and foreign activity.
The Retail Banking segment activity includes the Retail activity of Banco Comercial Português in Portugal, operating as a distribution channel for products and services from other companies of the Group, and the Foreign business segment, operating through several banking operations in markets with affinity to Portugal and in countries with higher growth potential.
The Corporate & Investment Banking segment includes corporate network in Portugal, investment banking unit, and activity of the bank's international division.
The Private Banking and Asset Management segment comprises the private banking network in Portugal and subsidiary companies which are specialized in the asset management business in Portugal.
The Foreign Business segment comprises the operations outside Portugal, in particular Bank Millennium in Poland, Millennium bank in Greece, Banque Privee BCP in Switzerland, Banca Millennium in Romania, Millennium bim in Mozambique, Banco Millennium Angola, Millennium bcp Bank & Trust in the Cayman Islands, Millennium bank in Turkey, and Millennium bcp bank in the United States of America.
Banco Comercial Portugues was founded in June 1985 and is headquartered in Porto, Portugal.
Análise Fundamental:
Como podemos ver dos quadros em cima, o BCP é um banco cuja actividade global ou core é o retalho (em 2013) e com uma exposição predominante em Portugal.
Dados para o BCP : Ver morningstar , ; 4 traders..
O facto de não termos dados para o sector em relação ao PER dificulta a execução do modelo.
Para 2015 e tendo em atenção que o PER = Preço da acção / EPS = 0,07 / 0,01 = 7
Se levarmos em consideração um Resultado liquido esperado para 2016 segundo o 4 traders, e um EPS 2016 de 0,02, um factor de diluição de 20% (crescimento anual) e por fim considerando um crescimento de vendas inferior ao 4 traders, mas uma margem liquida superior para compensar isso no modelo, temos:
Modelo económico :
Análise Técnica:
Video realizado por Tiago Esteves sobre o BCP a 13 01 2015:
Dados Auxiliares:
Existe um artigo escrito em 2012 por Paulo Santos no seeking alpha sobre algumas das cotadas no PSI20, entre as quais se encontra o BCP.
http://seekingalpha.com/article/742301-blood-in-the-streets-portugal-part-1
Operates as an international commercial bank
Banco Comercial Portugues SA operates as an international commercial bank that offers wide range of banking activities and financial services.
It operates through the following segments: Retail Banking, Corporate and Investment Banking, Private Banking and Asset Management and foreign activity.
The Retail Banking segment activity includes the Retail activity of Banco Comercial Português in Portugal, operating as a distribution channel for products and services from other companies of the Group, and the Foreign business segment, operating through several banking operations in markets with affinity to Portugal and in countries with higher growth potential.
The Corporate & Investment Banking segment includes corporate network in Portugal, investment banking unit, and activity of the bank's international division.
The Private Banking and Asset Management segment comprises the private banking network in Portugal and subsidiary companies which are specialized in the asset management business in Portugal.
The Foreign Business segment comprises the operations outside Portugal, in particular Bank Millennium in Poland, Millennium bank in Greece, Banque Privee BCP in Switzerland, Banca Millennium in Romania, Millennium bim in Mozambique, Banco Millennium Angola, Millennium bcp Bank & Trust in the Cayman Islands, Millennium bank in Turkey, and Millennium bcp bank in the United States of America.
Banco Comercial Portugues was founded in June 1985 and is headquartered in Porto, Portugal.
Análise Fundamental:
Como podemos ver dos quadros em cima, o BCP é um banco cuja actividade global ou core é o retalho (em 2013) e com uma exposição predominante em Portugal.
Dados para o BCP : Ver morningstar , ; 4 traders..
O facto de não termos dados para o sector em relação ao PER dificulta a execução do modelo.
Para 2015 e tendo em atenção que o PER = Preço da acção / EPS = 0,07 / 0,01 = 7
Se levarmos em consideração um Resultado liquido esperado para 2016 segundo o 4 traders, e um EPS 2016 de 0,02, um factor de diluição de 20% (crescimento anual) e por fim considerando um crescimento de vendas inferior ao 4 traders, mas uma margem liquida superior para compensar isso no modelo, temos:
Modelo económico :
Análise Técnica:
Video realizado por Tiago Esteves sobre o BCP a 13 01 2015:
Dados Auxiliares:
Existe um artigo escrito em 2012 por Paulo Santos no seeking alpha sobre algumas das cotadas no PSI20, entre as quais se encontra o BCP.
http://seekingalpha.com/article/742301-blood-in-the-streets-portugal-part-1
