MARKETS / NYSE / ITUB
NYSE · STATE COMMERCIAL BANKS · LARGE CAP

Itau Unibanco Holding S.a. ITUB

4 fiscal years on record · BRL · FY2010 reported
SEC FILINGS ONLY
EPS · FY10
BRL 2.44
Dividend / sh · FY10
BRL 0.70
Payout · FY10
ROE · FY10
15.2%
Net margin · FY10
Dividend coverage
3.5×
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Result
Revenue, FY2010 · full 4-year series below
Revenue Net income
2.5e-105e-107.5e-101e-0911.120072010
2.5e-105e-107.5e-101e-0911.120072010

Per share
BRL 2.44
Diluted EPS, FY2010
EPS Dividend
240.702.4420072010
240.702.4420072010

Earnings covered the dividend 3.5 times — the rest stayed in the company.

Profitability
15.2%
Return on equity, FY2010
ROE
816243215.2%20072010
816243215.2%20072010
Operating margin
Net margin
Return on assets1.6%

Each BRL of equity produced 15 cents of profit this year.

Returned to shareholders
returned in FY2010 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Net income
+13.0%
EPS, diluted
+1.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2010
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
BRL 746.6B
total assets, end of FY2010
Total assetsBRL 746.6B
EquityBRL 76.6B
CashBRL 37.9B
Gross debtBRL 207.8B
Net debtBRL 169.9B
DepositsBRL 202.7B

Net debt stands at 222% of equity.

History
4 fiscal years
Every figure from documents filed with the SEC · BRL
Metric
2010
2009
2008
2007
Revenue BRL B
·
·
·
·
Operating income BRL B
16.8
23.5
3.5
·
EBITDA BRL B
·
·
·
·
Income tax BRL B
4.9
8.8
−1.3
4.1
Net income BRL B
11.1
14.1
4.8
7.7
EPS, diluted BRL
2.44
3.24
1.48
2.31
Dividend / sh BRL
0.70
0.92
1.16
·
Payout %
·
·
·
·
ROE %
15.2
27.2
14.1
·
Shares out B
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
3 of 7
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 4 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed