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Credicorp Ltd.

BAP Financial Banks Regional

Credicorp Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.6 billion, up 8.87% from fiscal 2024.

Revenue
+12.2%
EPS
+16.8%
Free cash flow
+76.1%
Total debt
−8.50%

Quarter to June 2026, against a year earlier

348.23 10.98 −3.06%
Market cap
$27.6B
P/E
12.9×
Fwd P/E
11.7×
Dividend yield
4.16%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 1 — — — — —
Insider Ownership 29.25%

Capital & Financial Ratios $m

Size
Market Cap 27,640.00
Revenue ttm 8,169.21
Net income ttm 1,987.39
Free cash flow ttm 8,293.00
Net debt Q (10,182.63)
Valuation
P/E 12.90
Forward P/E 11.70
Price / sales 3.38
Forward P/S Powerpack
Price / FCF 3.33
Price / book 2.44
Financial health
Current ratio Q 1.06
Debt / equity Q 0.38
Interest coverage Q —
Growth
Revenue growth Q +12.23% (above 0%: growing)
Operating income growth Q +18.05% (above 0%: growing)
EPS, this year +15.17% (at or above 15%: strong)
EPS, next year A +13.54%
Revenue, next year A −29.46% (below 0%: weak)
EPS, past 5 yrs +81.10% (at or above 15%: strong)
EPS, next 5 yrs A +14.26%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 52.77%
10-year low 10-year high
P/S against its own 10 years 71.95%
10-year low 10-year high
P/B against its own 10 years 76.53%
10-year low 10-year high

Dividends raised 4 years running

Yield
4.16%
Annual rate
14.48
Payout ratio
53.6%
Growth, 2017–25
+2.62%/yr
  1. 8.95 ’17
  2. 4.30 ’18 −52
  3. 6.03 ’19 +40
  4. 8.80 ’20 +46
  5. 1.21 ’21 −86
  6. 3.99 ’22 +230
  7. 6.77 ’23 +70
  8. 9.29 ’24 +37
  9. 11.01 ’25 +19
  10. 10.78 ’26e −2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9,450 12,975 14,373 14,489
Receivables — — — —
Inventory — — — —
Other — — — —
46,114 49,823 54,403 58,880
2023 2024 2025 Q'26
Payables 39,496 43,131 47,815 53,034
ST’ Debt — — — —
Other — — — —
42,326 45,686 50,225 55,642

Compound Annual Growth %

10y 5y 3y
Sales 4.81% 9.83% 12.52%
Cash Flow 0.00% (7.83%) 0.00%
Earnings 7.02% 81.29% 17.57%
Book Value 7.48% 8.55% 12.84%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 7.20 Actual 7.29

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 6.05 6.17 Beat by 0.12
Dec 2025 6.61 5.88 Miss by 0.73
Mar 2026 7.06 7.65 Beat by 0.59
Jun 2026 7.20 7.29 Beat by 0.09
Sep 2026 7.51 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 7.65 7.29 — — —
’25 6.02 6.24 6.17 5.88 24.35
’24 5.06 4.49 5.08 3.76 18.39
’23 3.85 4.76 4.23 2.80 16.31
’22 3.75 3.75 4.20 3.45 14.99
’21 0.74 2.32 3.73 5.02 11.58
’20 0.76 (2.27) 0.38 2.28 1.25
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,125 2,171 — — —
’25 1,815 1,935 1,607 2,266 7,623
’24 1,699 1,762 1,788 1,753 7,002
’23 1,518 1,648 1,695 1,679 6,539
’22 1,143 1,289 1,358 1,355 5,351
’21 1,175 1,069 1,090 1,073 4,407
’20 1,268 1,160 1,175 1,168 4,770
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 2,415 2,415
’24 — — — 3,870 3,870
’23 — — — — 1,091
’22 — — — — (293)
’21 — — — — 1,023
’20 967 — — — 3,630
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 2,104 2,104
’24 — — — 3,600 3,600
’23 156 1,195 28 (294) 797
’22 (273) (138) 322 2,700 (523)
’21 191 211 (173) (162) 862
’20 945 4,992 (2,085) (175) 3,455
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,658 5,094 4,196 5,328 4,770 4,407 5,351 6,539 7,002 7,623 8,169 +5.6% 5,377 5,965 6,577 (4.8%)
Gross margin, % 81.46 82.18 78.00 81.49 82.15 85.45 83.15 76.03 78.10 80.81 81.63 (0.6) pt
EBT 1,467 1,710 1,702 1,791 64 1,374 1,770 1,831 2,085 2,791 3,100 +7.4%
EBT margin, % 31.50 33.56 40.55 33.61 1.34 31.17 33.07 28.00 29.78 36.62 37.94 +5.1 pt
Net income 1,070 1,710 1,239 1,304 96 946 1,225 1,326 1,499 1,987 1,987 +7.1%
Per share, $
Per share, $ Revenue 58.61 64.10 52.80 67.03 60.07 55.43 67.29 82.28 88.13 96.03 103.05 +5.6%
Earnings 13.06 15.74 14.88 15.94 1.25 11.58 14.99 16.31 18.39 24.35 26.99 +7.2%
Cash flow (5.43) 35.90 (0.47) 26.14 45.71 12.87 (3.68) 13.73 48.71 30.42 0.00 n/m
Capex (1.26) (0.91) (1.94) (1.78) (2.20) (2.04) (2.89) (3.69) (3.40) (3.92) 0.00 +13.4%
Free cash flow (6.70) 34.98 (2.40) 24.37 43.51 10.84 (6.57) 10.03 45.31 26.50 0.00 n/m
Book value 75.00 85.88 92.91 100.84 91.68 87.61 96.00 111.39 117.32 138.21 142.53 +7.0%
Shares, m 79 79 79 79 79 79 80 79 79 79 78 0.0%
Valuation, ×
Valuation, × P/E 12.38 16.94 14.57 13.70 142.63 10.32 9.10 9.50 9.97 11.81 12.90 25.1
P/S 2.76 3.33 4.20 3.18 2.73 2.20 2.15 1.81 2.08 2.99 3.38 2.7
P/B 2.15 2.49 2.39 2.11 1.79 1.39 1.45 1.33 1.56 2.08 2.44 1.9
EV/Sales 1.76 2.22 3.42 2.32 1.36 0.80 1.27 0.96 0.88 1.62 — 1.7
EV/FCF 2.52 1.86 5.69 3.09 0.93 4.67 3.10 3.45 1.04 1.49 — 2.8
Cash, $m
Cash, $m Operating cash flow (432) 2,853 (37) 2,078 3,630 1,023 (293) 1,091 3,870 2,415 9,330 n/m
Capex (100) (73) (154) (141) (175) (162) (230) (294) (270) (311) (1,037) +13.4%
Free cash flow (532) 2,780 (191) 1,937 3,455 862 (523) 797 3,600 2,104 8,293 n/m
Balance, $m
Balance, $m Working capital 6,507 6,519 5,943 6,741 (533) 2,449 4,272 3,788 4,137 4,178 3,238 (4.8%)
Net debt (4,634) (5,669) (3,285) (4,594) (6,531) (6,185) (4,433) (5,548) (8,373) (10,437) (10,183) +9.4%
Shareholders’ equity 5,961 6,825 7,384 8,016 7,280 6,965 7,635 8,853 9,321 10,970 11,299 +7.0%
Returns, %
Returns, % ROA 2.17 2.54 2.28 2.32 0.16 1.41 1.93 2.08 2.22 2.71 2.86 +0.5 pt
ROIC 69.15 92.45 25.94 32.71 13.99 116.93 35.97 34.63 137.47 327.23 173.44 +258.1 pt
ROE 18.44 19.63 17.06 16.60 1.30 12.96 16.38 15.78 16.13 19.15 20.60 +0.7 pt
People
People Employees 33,282 33,636 34,024 35,828 36,806 36,358 36,968 37,074 38,000 49,581 — +4.5%
Revenue/emp, $m 0.14 0.15 0.12 0.15 0.13 0.12 0.14 0.18 0.18 0.15 — +1.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Credicorp Ltd. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTB M&T Bank Corporation $31.7B 11.4× 11.3× −0.64% (below 0%: shrinking) +4.74% (above 0%: growing) +52.44% (above 0%: growing) 74.37% 0.00% Compare
HBAN Huntington Bancshares Incorporated $31.5B 12.5× 12.1× +27.35% (above 0%: growing) −17.07% (below 0%: shrinking) +53.14% (above 0%: growing) 67.89% 0.00% Compare
SHG Shinhan Financial Group Co Ltd $29.2B 8.5× 7.3× +27.14% (above 0%: growing) +10.37% (above 0%: growing) +120.93% (above 0%: growing) 63.24% 0.00% Compare
BBDO Banco Bradesco SA $28.5B 5.2× — +16.65% (above 0%: growing) +44.44% (above 0%: growing) +1,455.10% (above 0%: growing) 34.57% 0.00% Compare
BAP Credicorp Ltd. $27.6B 12.9× 11.7× +12.23% (above 0%: growing) +16.83% (above 0%: growing) +76.09% (above 0%: growing) 82.34% 0.00%
CFG Citizens Financial Group, Inc. $26.8B 12.8× 12.0× +5.83% (above 0%: growing) +33.96% (above 0%: growing) −75.86% (below 0%: shrinking) 71.05% 0.00% Compare
FCNCA First Citizens BancShares, Inc. $25.5B 12.3× 11.9× +0.11% (above 0%: growing) +31.07% (above 0%: growing) +28.65% (above 0%: growing) 67.05% 0.00% Compare
RF Regions Financial Corporation $24.2B 11.0× 10.7× +0.16% (above 0%: growing) +16.13% (above 0%: growing) −39.63% (below 0%: shrinking) 80.24% 0.00% Compare
KEY KeyCorp $22.1B 11.5× 11.2× +1.55% (above 0%: growing) +24.39% (above 0%: growing) +85.68% (above 0%: growing) 71.05% 0.00% Compare
Median of peers $27.6B 11.4× 11.3× +3.69% +20.26% +52.79% 69.47% 0.00%

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BAP metrics, ten years each

stockrow.com/BAP · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com