BBSEY - BB Seguridade: Decent Results Valuation Remains Attractive
2024-06-09 09:34:20 ET
Summary
- BB Seguridade released decent results, with revenues beating market estimates.
- Despite some occasional setbacks, there were excellent operational trends, such as record funding in the pension segment.
- Presenting an excellent combination of growth and dividend payments, the company has a 7.5% discount to the average P/E of its peers.
Investment Thesis
I recommend buying BB Seguridade Participacoes S.A. (NYSE: OTCPK:BBSEY ) shares after the 1Q24 results released on May 6, 2024. The results were decent, with all metrics above the projected guidance....
BB Seguridade: Decent Results, Valuation Remains Attractive