A Business at a Glance
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CREDICORP LTD
BAP
$31.6B
Mkt Cap
$388.42
+0.20%
CREDICORP LTD (BAP) has a current P/E ratio of 20.4, compared to its historical median P/E of 9.0. The stock is currently considered Expensive based on its historical valuation range.
CREDICORP LTD (BAP) has a 5-year average return on invested capital (ROIC) of 12.9%. This indicates solid capital allocation.
CREDICORP LTD (BAP) has a market capitalization of $31.6B. It is classified as a large-cap stock.
Yes, CREDICORP LTD (BAP) pays a dividend with a trailing twelve-month yield of 2.34%. The company also returns capital through share buybacks, with a buyback yield of 0.09%.
Based on historical P/E analysis, CREDICORP LTD (BAP) appears expensive. The current P/E of 20.4 is 126% above its historical median of 9.0. The estimated fair value CAGR (P/E method) is 13.8%.
CREDICORP LTD (BAP) operates in the Commercial Banks, Nec industry, within the Financials sector.
CREDICORP LTD (BAP) generated $14.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
INFORMATION ON THE COMPANY 4. A History and development of the Company Credicorp Ltd. (New York Stock Exchange (NYSE) and Lima Stock Exchange (Bolsa de Valores de Lima or BVL by its Spanish initials) trading code: BAP) is a tax-exempted company that was formed in Bermuda on August 17, 1995, pursuant to the Bermuda Companies Act 1981 in order to act as a holding company for, and to coordinate the policy and administration of our subsidiaries, which include BCP Stand-alone, BCP Bolivia, Mibanco, Mibanco Colombia, Grupo Pacífico, Prima AFP, Credicorp Capital and ASB Bank Corp. We currently hold, directly and indirectly, 97.74% of BCP, 100.00% of BCP Bolivia, 99.92% of Mibanco, 99.97% of Mibanco Colombia, 98.86% of Grupo Pacífico, 100.00% of Prima AFP, 100.00% of Credicorp Capital and 100.00% of ASHC (as well as 100.00% of ASB Bank Corp. through ASHC). See “ITEM 4. INFORMATION ON THE COMPANY – 4.C Organizational Structure”.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | 5.6B | 5.6B | 5.0B | 4.8B | 3.7B | 334M |
| EPS | $69.09 | $69.09 | $61.08 | $58.32 | $44.99 | $4.36 |
| Free Cash Flow | 14.2B | 14.2B | 3.8B | 959M | 3.9B | 12.6B |
| ROIC | 16.1% | 16.5% | 15.8% | 16.9% | 14.0% | 1.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 6.32 | 6.21 | 6.95 | 8.07 | 8.33 |
| Dividends/Share | $9.09 | $9.09 | $6.65 | $3.90 | $1.18 | $9.16 |
| Operating Income | 515M | 515M | 441M | 268M | 267M | 289M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 16.1% | 16.5% | 15.8% | 16.9% | 14.0% | 1.3% |
| Shares Outstanding | 81M | 81M | 81M | 82M | 82M | 77M |
| Metric | 2015 | 2016 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 3.1B | 3.3B | 3.5B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | 53.8% | 54.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 103M | 99M | 78M | 274M | 344M | 289M | 267M | 268M | 441M | 515M | 515M |
| Op. Margin | 3.3% | 3.0% | 2.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 998M | 1.1B | 1.3B | 4.1B | 4.4B | 334M | 3.7B | 4.8B | 5.0B | 5.6B | 5.6B |
| Net Margin | 32.3% | 33.5% | 37.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | 20.2% | 19.6% | 19.7% | 17.6% | 17.1% | 1.3% | 14.0% | 16.9% | 15.8% | 16.5% | 16.1% |
| ROE | 20.2% | 19.6% | 19.7% | 17.6% | 17.1% | 1.3% | 14.0% | 16.9% | 15.8% | 16.5% | 16.1% |
| ROA | 2.0% | 2.3% | 2.5% | 2.3% | 2.4% | 0.2% | 1.5% | 2.0% | 2.1% | 2.3% | 2.2% |
| Cash Flow | |||||||||||
| Op. Cash Flow | -415M | -414M | 3.0B | 252M | 6.9B | 12.7B | 4.0B | 1.2B | 4.1B | 14.5B | 14.5B |
| Free Cash Flow | -462M | -447M | 2.9B | 70M | 6.8B | 12.6B | 3.9B | 959M | 3.8B | 14.2B | 14.2B |
| Owner Earnings | -540M | -537M | 2.8B | -178M | 6.5B | 12.2B | 3.5B | 666M | 3.6B | 14.0B | 14.0B |
| CapEx | 47M | 33M | 45M | 181M | 135M | 98M | 108M | 193M | 322M | 310M | 310M |
| Maint. CapEx | 125M | 123M | 131M | 429M | 455M | 498M | 522M | 485M | 511M | 571M | 571M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 125M | 123M | 131M | 429M | 455M | 498M | 522M | 485M | 511M | 571M | 571M |
| CapEx/OCF | N/A | N/A | 1.5% | N/A | 1.9% | 0.8% | 2.7% | N/A | 7.9% | 2.1% | 2.1% |
| Capital Allocation | |||||||||||
| Dividends Paid | 170M | 198M | 307M | 343M | 481M | 702M | 97M | 319M | 540M | 740M | 740M |
| Dividend Yield | 2.1% | 2.3% | 2.6% | 2.3% | 3.1% | 6.8% | 1.0% | 3.0% | 5.3% | 5.7% | 2.3% |
| Share Buybacks | 0 | 20M | 6.9M | 29M | 31M | 44M | 16M | 23M | 23M | 29M | 29M |
| Buyback Yield | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -47.6B |
| Cash & Equiv. | N/A | N/A | 7.3B | 22.2B | 26.0B | 36.8B | 39.3B | 34.1B | 33.9B | 47.6B | 47.6B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 8.29 | 6.78 | 6.66 | 6.30 | 6.02 | 8.33 | 8.07 | 6.95 | 6.21 | 6.32 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Equity | 5.3B | 6.1B | 7.0B | 24.3B | 26.7B | 25.4B | 26.8B | 29.6B | 33.1B | 35.0B | 35.0B |
| Total Assets | 49.1B | 47.4B | 53.4B | 177.3B | 187.9B | 237.4B | 243.4B | 235.4B | 238.8B | 256.1B | 256.1B |
| Total Liabilities | 43.8B | 41.3B | 46.4B | 153.0B | 161.1B | 212.0B | 216.6B | 205.8B | 205.7B | 221.1B | 221.1B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | 1.3B | 4.2B | 4.4B | 347M | 3.2B | 4.3B | 4.6B | 5.6B | 5.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||
| EPS | 12.57 | 13.71 | 16.49 | 49.99 | 53.53 | 4.36 | 44.99 | 58.32 | 61.08 | 69.09 | 69.09 |
| Owner EPS | -6.80 | -6.74 | 35.83 | -2.18 | 79.68 | 159.03 | 42.28 | 8.16 | 43.95 | 171.41 | 171.41 |
| Book Value | 66.45 | 76.38 | 87.73 | 297.95 | 328.96 | 332.03 | 328.77 | 362.60 | 407.71 | 429.75 | 429.75 |
| Cash Flow/Share | -5.23 | -5.19 | 37.48 | 3.09 | 85.28 | 165.53 | 48.68 | 14.11 | 50.24 | 178.43 | 76.10 |
| Dividends/Share | 2.15 | 2.48 | 3.86 | 4.22 | 5.92 | 9.16 | 1.18 | 3.90 | 6.65 | 9.09 | 9.09 |
| Shares Out. | 79.4M | 79.7M | 79.4M | 81.4M | 81.3M | 76.6M | 81.6M | 81.6M | 81.2M | 81.4M | 81.4M |
| Valuation | |||||||||||
| P/E Ratio | 6.0 | 9.0 | 10.3 | 11.7 | 11.1 | 117.8 | 9.4 | 7.8 | 8.2 | 9.0 | 5.6 |
| P/FCF | N/A | N/A | 4.6 | 212.8 | 2.2 | 0.9 | 2.4 | 10.6 | 3.0 | 1.0 | 2.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -31.0 |
| Price/Book | 1.1 | 1.6 | 1.9 | 2.0 | 1.8 | 1.5 | 1.3 | 1.3 | 1.2 | 1.4 | 0.9 |
| Price/Sales | 2.6 | 2.7 | 3.4 | 4.2 | 4.0 | 3.0 | 3.1 | 2.6 | 2.0 | 2.4 | N/A |
| FCF Yield | -7.7% | -4.5% | 21.7% | 0.5% | 46.7% | 111.7% | 43.2% | 9.7% | 34.1% | 104.9% | 45.0% |
| Market Cap | 6.0B | 9.8B | 13.5B | 14.5B | 14.6B | 11.3B | 8.9B | 9.8B | 11.0B | 13.5B | 31.6B |
| Avg. Price | 100.74 | 109.94 | 147.23 | 184.47 | 188.12 | 134.35 | 119.11 | 128.19 | 126.23 | 159.66 | 388.42 |
| Year-End Price | 76.26 | 124.01 | 170.87 | 183.19 | 184.51 | 151.45 | 112.88 | 124.14 | 139.79 | 171.46 | 388.42 |
CREDICORP LTD passes 4 of 9 quality checks, suggesting mixed fundamentals.
CREDICORP LTD trades at 20.4x trailing earnings, compared to its 15-year median P/E of 9.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 8.1x vs a median of 2.4x. The company's 5-year average ROIC is 12.9%. Total shareholder yield (dividends) is 2.4%. At current prices, the estimated annualized return to fair value is +2.7%.
CREDICORP LTD (BAP) has a debt-to-equity ratio of 6.32. This indicates higher leverage, which may increase financial risk.
CREDICORP LTD (BAP) reported earnings per share (EPS) of $69.09 in its most recent fiscal year.
CREDICORP LTD (BAP) has a return on equity (ROE) of 16.5%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 10 years of financial data for CREDICORP LTD (BAP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CREDICORP LTD (BAP) has a book value per share of $429.75, based on its most recent annual SEC filing.