CREDICORP LTD (BAP) Stock Fundamental Analysis
NYSE:BAP - BMG2519Y1084 - Common Stock
266.59 USD
+2.41 (+0.91%)
266.59 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to BAP. BAP was compared to 391 industry peers in the Banks industry. BAP has a medium profitability rating, but doesn't score so well on its financial health evaluation. BAP is quite expensive at the moment. It does show a decent growth rate. Finally BAP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past 5 years BAP has always been profitable.
Of the past 5 years BAP 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 2.51%, BAP belongs to the best of the industry, outperforming 98.72% of the companies in the same industry.
Looking at the Return On Equity, with a value of 18.14%, BAP belongs to the top of the industry, outperforming 97.44% of the companies in the same industry.
| 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 67.01% 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
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
BAP has a debt to FCF ratio of 1.72. This is a very positive value and a sign of high solvency as it would only need 1.72 years to pay back of all of its debts.
With a Debt to FCF ratio value of 1.72, BAP perfoms like the industry average, outperforming 52.69% 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.
With a Debt to Equity ratio value of 1.00, BAP is not doing good in the industry: 83.89% of the companies in the same industry are doing better.
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 |
3. Growth
3.1 Past
BAP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.77%, which is quite impressive.
The Earnings Per Share has been growing slightly by 5.23% on average over the past years.
BAP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.03%.
BAP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.28% yearly.
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 13.37% on average per year.
The Revenue is expected to grow by 6.40% on average over the next years.
EPS Next Y22.19%
EPS Next 2Y15.5%
EPS Next 3Y13.37%
EPS Next 5YN/A
Revenue Next Year5.39%
Revenue Next 2Y5.92%
Revenue Next 3Y6.4%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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
BAP's earnings are expected to grow with 13.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.5%
EPS Next 3Y13.37%
5. Dividend
5.1 Amount
BAP has a Yearly Dividend Yield of 4.17%, which is a nice return.
BAP's Dividend Yield is a higher than the industry average which is at 3.56.
BAP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
5.2 History
The dividend of BAP is nicely growing with an annual growth rate of 10.42%!
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 2Y15.5%
EPS Next 3Y13.37%
266.59
+2.41 (+0.91%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners77.96%
Inst Owner Change-0.62%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.16B
Analysts78.75
Price Target249.07 (-6.57%)
Short Float %1.32%
Short Ratio2.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
Yearly DividendN/A
Dividend Growth(5Y)10.42%
DP66.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)6.33%
PT rev (3m)14.35%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)4.85%
EPS NY rev (1m)1.08%
EPS NY rev (3m)3.99%
Revenue NQ rev (1m)-0.86%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.11%
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 Y22.19%
EPS Next 2Y15.5%
EPS Next 3Y13.37%
EPS Next 5YN/A
Revenue 1Y (TTM)11.03%
Revenue growth 3Y9.48%
Revenue growth 5Y6.28%
Sales Q2Q%-0.26%
Revenue Next Year5.39%
Revenue Next 2Y5.92%
Revenue Next 3Y6.4%
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%