QualityDipStocks / Finance · Commercial Banks
Credicorp BAP
On dip watch: 13% below its 52-week high.
A quality company trading above our fair value estimate.
- Fair value est.
- $296.38−15%
- Market Value
- —
- Off 52-wk high
- −13%
- Risk vs market
- Market-likebeta 0.96
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $348.96
- 52-wk lowlowest close, 1 year$247.85−29.0%
- Fair value est.base case$296.38−15.1%
- PriceFri Oct 30 close$348.96you are here
- 52-wk highhighest close, 1 year$402.27+15.3%
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 17.7% ±2 points. Bear = 10.5% and 15.7%; bull = 8.5% and 19.7%. A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, BAP would need a return on equity of about 20% a year; our estimate uses 18%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much BAP moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves about in line with the market, and its own price swings are 2.7× the S&P 500’s.
- Beta vs S&P 500
- 0.96
- Volatility
- 35% vs 13% SPY
- Correlation SPY
- 0.35
- Correlation QQQ
- 0.32
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
Cash returnsDividend yield of 3.3% ($917M paid over 12 months, 46% of earnings).
ProfitabilityReturn on equity of 19% over the last 12 months, up 3 points in two years.
GrowthSales compounded 11% a year from FY2022 to FY2025.
GrowthDiluted EPS grew 26% in the last fiscal year, above the 17% median for the 137 Finance companies we cover.
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 5 of 5
ValuationOur residual-income fair value estimate is $296.38, 15% below the price.
GrowthSales grew 3.9% over the last 12 months, below the 11% median for the 142 Finance companies we cover.
ValuationPrice / book of 2.5×, above the 1.8× median for the 143 Finance companies we cover.
ValuationP/E of 13.9×, above the 13.5× median for the 151 Finance companies we cover.
RiskReports earnings Nov 9 (consensus EPS $7.51): results can move the price sharply and reset Market Value.
Who’s talking about it
Notable investors, executives, analysts and public figures on Credicorp in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Commercial Banks
All fundamentals
P/E 13.9 · ROE 19% · Sales +4%
Valuation
- P/E
- 13.9×Finance median 13.5×
- Price / FCF
- n/acash flow isn't a clean measure for a bank
- FCF yield
- n/acash flow isn't a clean measure for a bank
- EV / EBITDA
- n/anot meaningful for a bank
- Price / sales
- 3.37×
- Price / book
- 2.51×
- Market cap
- $27.8Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $8.2B
- Sales growth, 12 months
- +3.9%vs the 12 months before
- Sales growth, 3 yrs
- +10.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $87.08
- EPS growth, last FY
- +26.0%
- Net income, 12 months
- $2.0B
- Net income growth
- +26%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for a bank
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 24.3%
- FCF margin
- 29.1%
- Return on equity
- 19%
- Return on invested capital
- n/anot meaningful for a bank
Balance sheet
- Cash & short-term inv.
- $14.1B
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/anot meaningful for a bank
- Debt / equity
- n/adeposits/float make debt/equity not comparable for a bank
- Interest coverage
- n/anot meaningful for a bank
Cash flow & returns
- Free cash flow, 12 months
- $2.4B
- FCF growth, 12 months
- −41%
- Dividend yield
- 3.30%$917M paid
- Payout ratio
- 46%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From Credicorp’s SEC filings, reported in PEN and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $296.38
Financials model (residual income): book value $139.08 a share on Dec 31, 2025, converted from PEN at 0.2883, plus the earnings above a 9.5% cost of equity. ROE 17.7%, the average of 19.0% for the fiscal year to Dec 31, 2025 and 16.4% over fiscal 2021–2025, on average common equity; payout 46% of earnings (dividends 46%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 20-F filed Apr 27, 2026.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. We watch it daily for our three reversal signal rules while it sits in a dip.
Momentum & 52-week range
RSI 30 · 5 days −5.7%
The business
Sales +12%
- Return on equity20%
- Sales growth (latest quarter vs year-ago quarter)+12%
Next report
Nov 9
- DateMon Nov 9, after the close
- Consensus EPS$7.51
- Year-ago EPS$6.17
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when BAP fires a reversal signal
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