Credicorp Ltd

Credicorp Ltd

BAP

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Market Cap$30.11B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Credicorp LtdCredicorp Ltd13.73.86%19%10.9

Earnings Call Q2 2026

August 14, 2026 - AI Summary

Strong profitability and execution; medium-term ROE upgraded - Q2 ROE: 20.3% (reported), driven by diversified performance, faster loan growth, and higher risk-adjusted revenues. - Innovation continues to matter: innovation portfolio contributed 9.9% of risk-adjusted revenues. - Operational metrics: risk-adjusted NIM 5.5%, efficiency ratio 45.4%. - Key surprise/upgrade: company now targets medium-term ROE ~22% (previous ~19.5%), citing improving economics and structural transformation (better credit quality, funding advantage, revenue diversification, tech/data investments).
Loan growth re-accelerated; asset quality improving (for now) - Loans (quarter-end) up 13.1% YoY; led by BCP (retail + wholesale) and Mibanco. - NPL ratio fell to 4.1%; cost of risk 1.9%. - NIM 6.6% (benefited by low-cost funding and loan mix). - Core income resilience/growth: other core income +19.7% YoY; fee income +15.9% (incl. Yape and BCP transaction activity); FX gains +29.8% on higher volumes/volatility.
El Niño is the main near-term risk; guidance impact is being actively incorporated - Management frames El Niño as transitory/temporary, not a structural change to Peru’s growth outlook. - Direct exposure: estimated ~9% of total loans potentially affected. - Already reflected in provisioning: ~$106m additional provisions (so reported cost of risk includes El Niño impact). - Q2 El Niño-related provisions: cost of risk included an impact of ~27 bps. - Full-year 2026 cost of risk: expected to remain within guidance; cost of risk expected to rise in 2H 2026 as new information is incorporated. - Potential downside channel (if worse): could slow loan growth and fee income via lower activity, but company says it is better prepared than prior cycles (stronger governance/playbook, analytics, and healthier starting balance sheet).

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$414.00

Target Price by Analysts

12.4% upsideCredicorp Target Price DetailsTarget Price
$383.02

Current Fair Value

4% upside

Undervalued by 4% based on the discounted cash flow analysis.

Share Statistics

Market cap$30.11 Billion
Enterprise Value$24.90 Billion
Dividend Yield$14.64 (3.86%)
Earnings per Share$87.25
Beta0.86
Outstanding Shares79,414,000

Return

Return on Equity19.29%ROE
Return on Assets2.60%
Return on Invested Capital4.08%

Valuation & Multiples

P/E Ratio13.74P/E Ratio
PEG173.08PEG
Price to Sales1.0Price to Sales
Price to Book Ratio0.76Price to Book Ratio
Enterprise Value to Revenue0.85
Enterprise Value to EBIT2.31
Enterprise Value to Net Income3
Total Debt to Enterprise1.45
Debt to Equity0.95Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 13, 2026
EPS Estimate
$7.31
Average shareholder expectation
Revenue Estimate
$1.82 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 9, 2026
EPS Estimate
$7.40
Average shareholder expectation
Revenue Estimate
$1.92 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.3623 94.92%
Total Calls181,600 438.87%
Total Puts65,800 48.87%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %72.06% 0.51%
Total Invested$22.27B 15.45%
Investors Holding438 8.00%

ESG Score

No data

About Credicorp Ltd