(BAP) Credicorp - Overview
Stock: Banking, Insurance, Pensions, Microfinance, Investment
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.69% |
| Yield on Cost 5y | 8.26% |
| Yield CAGR 5y | 208.22% |
| Payout Consistency | 83.3% |
| Payout Ratio | 48.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 25.5% |
| Relative Tail Risk | -3.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.97 |
| Alpha | 93.26 |
| Character TTM | |
|---|---|
| Beta | 0.582 |
| Beta Downside | 0.770 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.54% |
| CAGR/Max DD | 1.59 |
Description: BAP Credicorp December 19, 2025
Credicorp Ltd. (NYSE:BAP) is a diversified financial services group headquartered in Lima, Peru, operating four primary segments: Universal Banking, Insurance & Pensions, Microfinance, and Investment Management & Advisory.
In its Universal Banking arm, the firm offers credit lines, deposits, and current accounts to both retail and corporate clients. As of Q3 2024, loan growth in this segment accelerated to ~9% YoY, driven largely by Peru’s +5% real GDP expansion and a modest decline in non-performing loans to 2.3% of total credit.
The Insurance & Pensions segment underwrites a broad range of policies-including property, marine, auto, life, health, and private pension fund management. Recent data shows a combined ratio of 94% and a 7% increase in premium volume, reflecting rising middle-class demand for protection products amid Peru’s inflation-adjusted wage growth of roughly 3%.
Credicorp’s Microfinance business serves small and micro-enterprises, providing loans, deposits, and checking accounts. The segment’s portfolio grew 11% YoY, outpacing the regional micro-finance average of 6%, but the credit-to-deposit ratio remains elevated at 92%, indicating potential liquidity pressure.
The Investment Management & Advisory unit delivers brokerage, capital-markets execution, securitization, and mutual-fund services to corporations, institutions, and governments. Assets under management rose to US$9.8 bn, with a net-fee margin of 1.2%, benefitting from increased sovereign-bond issuance in Latin America.
Key macro drivers for Credicorp include Peru’s commodity-price exposure, which influences corporate borrowing demand, and the country’s ongoing fiscal consolidation that could affect credit risk. The firm’s diversified model buffers segment-specific shocks but also ties performance to broader Latin-American economic cycles.
For a deeper, data-driven assessment of Credicorp’s valuation and risk profile, you may find the analytics on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 6.47b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.22 > 1.0 |
| NWC/Revenue: -360.0% < 20% (prev -309.4%; Δ -50.54% < -1%) |
| CFO/TA 0.02 > 3% & CFO 4.86b > Net Income 6.47b |
| Net Debt (-9.47b) to EBITDA (8.42b): -1.12 < 3 |
| Current Ratio: 0.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (79.5m) vs 12m ago 0.02% < -2% |
| Gross Margin: 79.82% > 18% (prev 0.72%; Δ 7910 % > 0.5%) |
| Asset Turnover: 9.73% > 50% (prev 10.15%; Δ -0.42% > 0%) |
| Interest Coverage Ratio: 1.63 > 6 (EBITDA TTM 8.42b / Interest Expense TTM 4.79b) |
Altman Z'' -1.44
| A: -0.35 (Total Current Assets 81.11b - Total Current Liabilities 169.54b) / Total Assets 255.30b |
| B: 0.14 (Retained Earnings 34.96b / Total Assets 255.30b) |
| C: 0.03 (EBIT TTM 7.79b / Avg Total Assets 252.53b) |
| D: 0.17 (Book Value of Equity 36.63b / Total Liabilities 218.04b) |
| Altman-Z'' Score: -1.44 = CCC |
Beneish M -3.09
| DSRI: 1.03 (Receivables 12.26b/12.29b, Revenue 24.57b/25.35b) |
| GMI: 0.90 (GM 79.82% / 71.81%) |
| AQI: 1.02 (AQ_t 0.67 / AQ_t-1 0.66) |
| SGI: 0.97 (Revenue 24.57b / 25.35b) |
| TATA: 0.01 (NI 6.47b - CFO 4.86b) / TA 255.30b) |
| Beneish M-Score: -3.09 (Cap -4..+1) = AA |
What is the price of BAP shares?
Over the past week, the price has changed by +3.63%, over one month by +23.04%, over three months by +37.24% and over the past year by +103.37%.
Is BAP a buy, sell or hold?
- StrongBuy: 7
- Buy: 3
- Hold: 2
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the BAP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 313.8 | -12.1% |
| Analysts Target Price | 313.8 | -12.1% |
| ValueRay Target Price | 525 | 47.1% |
BAP Fundamental Data Overview January 27, 2026
P/E Trailing = 14.492
P/E Forward = 12.8866
P/S = 1.3367
P/B = 2.5589
P/EG = 1.16
Revenue TTM = 24.57b PEN
EBIT TTM = 7.79b PEN
EBITDA TTM = 8.42b PEN
Long Term Debt = 23.45b PEN (from longTermDebt, last quarter)
Short Term Debt = 10.18b PEN (from shortTermDebt, last quarter)
Debt = 33.63b PEN (from shortLongTermDebtTotal, last quarter)
Net Debt = -9.47b PEN (from netDebt column, last quarter)
Enterprise Value = 43.91b PEN (91.38b + Debt 33.63b - CCE 81.11b)
Interest Coverage Ratio = 1.63 (Ebit TTM 7.79b / Interest Expense TTM 4.79b)
EV/FCF = 9.64x (Enterprise Value 43.91b / FCF TTM 4.55b)
FCF Yield = 10.37% (FCF TTM 4.55b / Enterprise Value 43.91b)
FCF Margin = 18.53% (FCF TTM 4.55b / Revenue TTM 24.57b)
Net Margin = 26.32% (Net Income TTM 6.47b / Revenue TTM 24.57b)
Gross Margin = 79.82% ((Revenue TTM 24.57b - Cost of Revenue TTM 4.96b) / Revenue TTM)
Gross Margin QoQ = 77.88% (prev 74.63%)
Tobins Q-Ratio = 0.17 (Enterprise Value 43.91b / Total Assets 255.30b)
Interest Expense / Debt = 2.31% (Interest Expense 776.2m / Debt 33.63b)
Taxrate = 29.05% (728.3m / 2.51b)
NOPAT = 5.52b (EBIT 7.79b * (1 - 29.05%))
Current Ratio = 0.48 (Total Current Assets 81.11b / Total Current Liabilities 169.54b)
Debt / Equity = 0.92 (Debt 33.63b / totalStockholderEquity, last quarter 36.56b)
Debt / EBITDA = -1.12 (Net Debt -9.47b / EBITDA 8.42b)
Debt / FCF = -2.08 (Net Debt -9.47b / FCF TTM 4.55b)
Total Stockholder Equity = 35.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.56% (Net Income 6.47b / Total Assets 255.30b)
RoE = 18.31% (Net Income TTM 6.47b / Total Stockholder Equity 35.30b)
RoCE = 13.25% (EBIT 7.79b / Capital Employed (Equity 35.30b + L.T.Debt 23.45b))
RoIC = 9.16% (NOPAT 5.52b / Invested Capital 60.31b)
WACC = 6.33% (E(91.38b)/V(125.01b) * Re(8.06%) + D(33.63b)/V(125.01b) * Rd(2.31%) * (1-Tc(0.29)))
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
[DCF Debug] Terminal Value 78.48% ; FCFF base≈4.29b ; Y1≈2.82b ; Y5≈1.29b
Fair Price DCF = 574.4 (EV 36.12b - Net Debt -9.47b = Equity 45.59b / Shares 79.4m; r=6.33% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -70.77 | EPS CAGR: -47.70% | SUE: -3.98 | # QB: 0
Revenue Correlation: 63.06 | Revenue CAGR: 8.82% | SUE: 0.50 | # QB: 0
EPS next Quarter (2026-03-31): EPS=6.90 | Chg30d=+0.023 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=27.84 | Chg30d=+0.032 | Revisions Net=+6 | Growth EPS=+10.1% | Growth Revenue=+9.3%