Banco Mercantil de Investimentos S.A.

Banco Mercantil de Investimentos S.A.

20.49
BRL
+0.04
(+0.20%)
1.90EPS
9.21P/E
80.47MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.61
4.18
5.1
18.44
11.36
4.4
3.54
3.19
5.05
9.58
8.57
9.35
16.09
12.24
Basic EPS, GAAP
0.88
1.45
1.68
7.52
-7.43
0.9
0.48
0.53
0.73
2.12
1.58
1.56
2.26
1.9
Free Cash Flow per Basic Share
-3.33
-1.4
14.87
2.17
-40.98
-0.37
9.12
-0.59
8.48
-10.03
5.16
-6.14
-8.86
-11.02
Dividend per Share
- -
- -
0.68
0.4
2.14
0.15
0.22
0.18
0.25
0.11
1.47
1.32
0.5
0.48
Book Value per Share
25.76
26.63
22.18
19.02
25.33
23.25
24.13
24.57
25.33
26.09
26.21
27.82
28.28
28.34
Tangible Book Value per Share
25.76
26.63
22.18
19.02
25.31
23.25
24.13
24.57
25.33
26.09
26.21
27.82
28.28
28.34
Basic Weighted Avg Shares
2
2
2
2
2
5
5
5
5
5
5
5
5
5
Sales/Revenue/Turnover
14
10
12
32
20
20
16
15
23
44
39
43
74
58
Operating Margin (%)
19.29
48.86
43.76
65.52
-114.97
36.78
16.65
27.09
25.66
28.8
30.38
23.82
-10.32
9.66
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
2
3
4
13
-13
4
2
2
3
10
7
7
10
9
Effective Tax Rate (%)
18.44
28.87
24.53
36.43
- -
33.09
7.74
37.23
42.33
24.16
39.69
38.58
3.11
40.86
Profit Margin (%)
15.7
34.71
33.03
40.78
-65.38
20.38
13.68
16.7
14.54
22.14
18.43
16.7
14.04
15.51
Working Capital
66
48
52
36
15
55
50
10
318
6
20
14
-279
71
LT Debt
- -
- -
- -
- -
7
1
- -
- -
53
46
104
143
88
- -
Total Equity
57
59
61
260
56
119
123
125
129
132
133
140
142
142
Return on Invested Capital (%)
3.71
6.04
6.66
8.02
- -
4.77
1.83
1.93
2.31
5.3
3.42
2.38
-1.66
2.31
Return on Capital (%)
3.77
6.07
6.8
8.15
- -
4
1.76
1.85
2.09
5.43
3.51
2.76
3.33
6.38
Return on Common Equity (%)
3.77
6.07
7.56
11.75
-11.86
5.46
2.04
2.19
2.94
8.25
6.04
5.78
8.05
6.98

Capital Structure

BRL

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
143
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
12
12
12
Shares Outstanding
5
5
5
Market Capitalization
78
77
80

Working Capital

BRL

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
19
257
74
Cash, Cash Equivalents & STI
10
92
73
Accounts Receivable, Net
- -
165
- -
Inventories
- -
- -
- -
Total Current Liabilities
5
310
2
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
37.93%
2.61%
1.53%
Free Cash Flow
-694.99%
-415.69%
44.25%
Net Income, GAAP
10.07%
48.93%
44.65%
Sales/Revenue/Turnover
31.44%
43.7%
72.06%
Total Cash Common Dividend
144.05%
223.55%
-62.48%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9
9
12
13
43
2025
15
18
- -
- -
74
2026
15
10
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.31
0.62
0.25
1.56
2025
0.6
0.45
- -
- -
2.26
2026
0.8
0.75
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.32
- -
- -
- -
1.32
2025
0.49
- -
- -
- -
0.5
2026
0.63
- -
- -
- -
- -

Company Description

CEO
Paulo Henrique Brant de Araújo
Sector
Finance
Industry
Investment banks/Brokers
Address
Avenida do Contorno, 5800 Belo Horizonte MG Brazil 30110-042
IPO Date
Dec 9, 1992
Business
Banco Mercantil de Investimentos S.A. (BMIN3.SA) is a Brazilian investment bank providing short-, medium- and long-term financing services primarily through structured credit solutions; its core offerings include agricultural receivables certificates (CRAs), certificates of real estate receivables (CRIs), debentures, commercial notes (CPs), securitization structures and debt capital market instruments targeting productive projects across various sectors. Incorporated in 1973 and headquartered at Rua Rio de Janeiro No. 654 in Belo Horizonte, Minas Gerais, the company operates nationwide in Brazil as a subsidiary of Banco Mercantil do Brasil S.A., serving corporate clients, investors and project financiers with approximately 400 employees under CEO Paulo Henrique Brant de Araujo. Recent developments include steady financial performance with 2024 revenue of BRL 21.43 million and net earnings of BRL 7.19 million, alongside an annual general meeting in April 2025 and ongoing portfolio growth in credit operations as reflected in parent company reports showing expanded investments and equity positions through 2025.