TRAD3 (Tc SA) vs BOVESPA Comparison

TRAD3

BOVESPA

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TRAD3

BOVESPA

Difference

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TRAD3

BOVESPA

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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BOVESPA

TRAD3

SPGI

MCO

ICE

CME

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Tc SA
Glance View

Market Cap

253.4m BRL

Industry

Financial Services

TC SA engages in the provision of an online platform for investors. The company is headquartered in Sao Paulo, Sao Paulo and currently employs 447 full-time employees. The company went IPO on 2021-07-28. The firm's main mission is to democratize the financial market, by offering a complete platform for investors, with space for discussions and investment ideas, supported by real-time data, dedicated educational content and appropriate analytical tools, benefiting from the potential of technology, by the structural change of the financial investment market and leveraged by the power of the network effect. The TC mobile application can be downloaded for free from the App Store and Google Play. The firm has several subsidiaries, including Economatica Software de Apoio a Investidores Ltda, and Pandhora Investimentos Ltda.

View TRAD3 Analysis

TRAD3 Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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CN	East Money Information Co Ltd SZSE:300059	Add
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HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Add
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CN	East Money Information Co Ltd SZSE:300059	Select
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HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Select
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US	S&P Global Inc NYSE:SPGI	Add
US	Moody's Corp NYSE:MCO	Add
US	Intercontinental Exchange Inc NYSE:ICE	Add
US	CME Group Inc NASDAQ:CME	Add
UK	London Stock Exchange Group PLC LSE:LSEG	Add
US	Coinbase Global Inc NASDAQ:COIN	Add
CN	East Money Information Co Ltd SZSE:300059	Add
US	MSCI Inc NYSE:MSCI	Add
HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Add
US	Nasdaq Inc NASDAQ:NDAQ	Add

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TRAD3

vs

BOVESPA

Stocks Performance
TRAD3 vs BOVESPA

Performance Gap
TRAD3 vs BOVESPA

Performance By Year
TRAD3 vs BOVESPA

Competitors Performance
Tc SA vs Peers

Tc SA
Glance View

Company

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TRAD3 vs BOVESPA

Stocks Performance TRAD3 vs BOVESPA

Performance Gap TRAD3 vs BOVESPA

Performance By Year TRAD3 vs BOVESPA

Competitors Performance Tc SA vs Peers

Tc SA Glance View

Company

Help

Tools

Stocks

TRAD3

vs

BOVESPA

Stocks Performance
TRAD3 vs BOVESPA

Performance Gap
TRAD3 vs BOVESPA

Performance By Year
TRAD3 vs BOVESPA

Competitors Performance
Tc SA vs Peers

Tc SA
Glance View