BAP Fundamental Analysis - CREDICORP LTD

Fundamental Rating

We assign a fundamental rating of 4 out of 10 to BAP. BAP was compared to 392 industry peers in the Banks industry. While BAP is still in line with the averages on profitability rating, there are concerns on its financial health. BAP is quite expensive at the moment. It does show a decent growth rate. Finally BAP also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

BAP had positive earnings in each of the past 5 years.

BAP had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

BAP has a better Return On Assets (2.51%) than 98.98% of its industry peers.

The Return On Equity of BAP (18.14%) is better than 97.70% of its industry peers.

		Industry Rank	Sector Rank
ROA	2.51%
ROE	18.14%
ROIC	N/A

ROA(3y)2.05%

ROA(5y)1.55%

ROE(3y)15.66%

ROE(5y)12.38%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

BAP has a better Profit Margin (26.45%) than 67.09% of its industry peers.

In the last couple of years the Profit Margin of BAP has remained more or less at the same level.

BAP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	26.45%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y5.36%

PM growth 5Y-1%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The number of shares outstanding for BAP remains at a similar level compared to 1 year ago.

The number of shares outstanding for BAP has been reduced compared to 5 years ago.

BAP has a better debt/assets ratio than last year.

2.2 Solvency

The Debt to FCF ratio of BAP is 1.72, which is an excellent value as it means it would take BAP, only 1.72 years of fcf income to pay off all of its debts.

Looking at the Debt to FCF ratio, with a value of 1.72, BAP is in line with its industry, outperforming 52.04% of the companies in the same industry.

A Debt/Equity ratio of 1.00 is on the high side and indicates that BAP has dependencies on debt financing.

BAP's Debt to Equity ratio of 1.00 is on the low side compared to the rest of the industry. BAP is outperformed by 84.44% of its industry peers.

Although BAP does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.

		Industry Rank	Sector Rank
Debt/Equity	1
Debt/FCF	1.72
Altman-Z	N/A

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 26.77% over the past year.

The Earnings Per Share has been growing slightly by 5.23% on average over the past years.

The Revenue has grown by 11.03% in the past year. This is quite good.

The Revenue has been growing slightly by 6.28% on average over the past years.

EPS 1Y (TTM)26.77%

EPS 3Y15.38%

EPS 5Y5.23%

EPS Q2Q%35.71%

Revenue 1Y (TTM)11.03%

Revenue growth 3Y9.48%

Revenue growth 5Y6.28%

Sales Q2Q%-0.26%

3.2 Future

Based on estimates for the next years, BAP will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.85% on average per year.

The Revenue is expected to grow by 6.39% on average over the next years.

EPS Next Y24.8%

EPS Next 2Y16.31%

EPS Next 3Y13.85%

EPS Next 5YN/A

Revenue Next Year4.54%

Revenue Next 2Y5.95%

Revenue Next 3Y6.39%

Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as BAP's earnings are expected to grow with 13.85% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y16.31%

EPS Next 3Y13.85%

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5. Dividend

5.1 Amount

BAP has a Yearly Dividend Yield of 4.18%, which is a nice return.

BAP's Dividend Yield is a higher than the industry average which is at 3.59.

BAP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.

		Industry Rank	Sector Rank
Dividend Yield	4.18%

5.2 History

On average, the dividend of BAP grows each year by 10.42%, which is quite nice.

BAP has been paying a dividend for at least 10 years, so it has a reliable track record.

The dividend of BAP decreased recently.

Dividend Growth(5Y)10.42%

Div Incr Years1

Div Non Decr Years1

5.3 Sustainability

66.66% of the earnings are spent on dividend by BAP. This is not a sustainable payout ratio.

The dividend of BAP is growing, but earnings are growing more, so the dividend growth is sustainable.

DP66.66%

EPS Next 2Y16.31%

EPS Next 3Y13.85%

More info and screens

Find the best dividend stocks

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CREDICORP LTD

NYSE:BAP (10/3/2025, 8:24:24 PM)

After market: 258.862 -7.33 (-2.75%)

266.19

+7.1 (+2.74%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)08-14 2025-08-14/amc

Earnings (Next)11-13 2025-11-13/amc

Inst Owners78.37%

Inst Owner Change-0.62%

Ins OwnersN/A

Ins Owner ChangeN/A

Market Cap21.13B

Analysts77.5

Price Target263.07 (-1.17%)

Short Float %1.16%

Short Ratio2.12

Dividend

		Industry Rank	Sector Rank
Dividend Yield	4.18%

Yearly DividendN/A

Dividend Growth(5Y)10.42%

DP66.66%

Div Incr Years1

Div Non Decr Years1

Ex-Date05-19 2025-05-19 (10.84)

Surprises & Revisions

EPS beat(2)2

Avg EPS beat(2)8.98%

Min EPS beat(2)6.86%

Max EPS beat(2)11.09%

EPS beat(4)3

Avg EPS beat(4)2.89%

Min EPS beat(4)-14.67%

Max EPS beat(4)11.09%

EPS beat(8)4

Avg EPS beat(8)2.71%

EPS beat(12)7

Avg EPS beat(12)2.57%

EPS beat(16)9

Avg EPS beat(16)3.63%

Revenue beat(2)0

Avg Revenue beat(2)-12.71%

Min Revenue beat(2)-12.86%

Max Revenue beat(2)-12.55%

Revenue beat(4)0

Avg Revenue beat(4)-9.5%

Min Revenue beat(4)-12.86%

Max Revenue beat(4)-5.15%

Revenue beat(8)0

Avg Revenue beat(8)-6.9%

Revenue beat(12)2

Avg Revenue beat(12)-2.35%

Revenue beat(16)6

Avg Revenue beat(16)2.54%

PT rev (1m)5.62%

PT rev (3m)14.58%

EPS NQ rev (1m)3.24%

EPS NQ rev (3m)4.97%

EPS NY rev (1m)2.14%

EPS NY rev (3m)3.24%

Revenue NQ rev (1m)-0.21%

Revenue NQ rev (3m)-0.43%

Revenue NY rev (1m)-0.81%

Revenue NY rev (3m)-0.88%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	N/A
P/FCF	N/A
P/OCF	N/A
P/B	N/A
P/tB	N/A
EV/EBITDA	N/A

EPS(TTM)N/A

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)N/A

FCFYN/A

OCF(TTM)N/A

OCFYN/A

SpSN/A

BVpSN/A

TBVpSN/A

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	2.51%
ROE	18.14%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	26.45%
GM	N/A
FCFM	84.95%

ROA(3y)2.05%

ROA(5y)1.55%

ROE(3y)15.66%

ROE(5y)12.38%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y5.36%

PM growth 5Y-1%

GM growth 3YN/A

GM growth 5YN/A

F-Score9

Asset Turnover0.09

Health

		Industry Rank	Sector Rank
Debt/Equity	1
Debt/FCF	1.72
Debt/EBITDA	N/A
Cap/Depr	178.3%
Cap/Sales	4.9%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	321.13%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score9

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)152.01%

Cap/Depr(5y)128.46%

Cap/Sales(3y)5.1%

Cap/Sales(5y)4.63%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)26.77%

EPS 3Y15.38%

EPS 5Y5.23%

EPS Q2Q%35.71%

EPS Next Y24.8%

EPS Next 2Y16.31%

EPS Next 3Y13.85%

EPS Next 5YN/A

Revenue 1Y (TTM)11.03%

Revenue growth 3Y9.48%

Revenue growth 5Y6.28%

Sales Q2Q%-0.26%

Revenue Next Year4.54%

Revenue Next 2Y5.95%

Revenue Next 3Y6.39%

Revenue Next 5YN/A

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y350.94%

FCF growth 3Y59.05%

FCF growth 5Y15.85%

OCF growth 1Y293.26%

OCF growth 3Y54.04%

OCF growth 5Y15.93%

CREDICORP LTD (BAP) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens