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. In the quarter to June 2026, revenue grew 12.2%, EPS grew 16.8%, free cash flow grew 76.1% and total debt fell 8.50%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

390.26 1.84 +0.47%
Market cap
$30.9B
P/E
14.5×
Fwd P/E
10.9×
Dividend yield
3.71%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 1.48
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 1 — — — —
Insider Ownership 29.21%

Capital & Financial Ratios $m

Market Cap 30,850.00
Revenue 8,169.21
Net Income 1,987.39
Free Cash Flow 8,293.00
Net Debt (10,182.63)
Current Ratio 1.06
Debt/Equity 0.38
P/E ratio 14.46
Fwd P/E 10.90
P/S ratio 3.79
P/B ratio 2.74
Past 5Y EPS Growth 81.10% (at or above 15%: strong)
This Y EPS Growth 15.48% (at or above 15%: strong)
Next Y EPS Growth 14.05%
Next Y revenue growth (30.26%) (below 0%: weak)
Next 5Y EPS Growth 14.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 70.92%
10-year low 10-year high
P/S against its own 10 years 88.17%
10-year low 10-year high
P/B against its own 10 years 94.73%
10-year low 10-year high

Dividends

Payout Ratio 0.54
Annual Dividend Rate 14.48
Annual Dividend Yield 3.71%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 11.01
14.48
2025 11.01
11.01
2024 9.29
9.29
2.92
2023 6.77
6.77
2022 3.99
3.99
2021 1.21
1.21
2020 8.80
8.80
2019 6.03
6.03
2.36
2018 4.30
4.30
2017 8.95
0.38
3.74
4.84
2016 2.32
2.32
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 84.72 150.71 207.03 199.83 110.47 88.67 113.21 116.42 144.22 165.51

Analyst estimates 2026–2028

Powerpack
High 166.26 215.69 239.54 252.49 220.25 169.50 182.11 160.15 200.00 292.00
People
People Employees 33,282 33,636 34,024 35,828 36,806 36,358 36,968 37,074 38,000 49,581
Revenue/emp, $m 0.14 0.15 0.12 0.15 0.13 0.12 0.14 0.18 0.18 0.15
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
Gross margin, % 81.46 82.18 78.00 81.49 82.15 85.45 83.15 76.03 78.10 80.81
EBT 1,467 1,710 1,702 1,791 64 1,374 1,770 1,831 2,085 2,791
EBT margin, % 31.50 33.56 40.55 33.61 1.34 31.17 33.07 28.00 29.78 36.62
Net income 1,070 1,710 1,239 1,304 96 946 1,225 1,326 1,499 1,987
Depreciation 121 129 144 192 212 178 178 178 200 253
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
Earnings 13.06 15.74 14.88 15.94 1.25 11.58 14.99 16.31 18.39 24.35
Cash flow (5.43) 35.90 (0.47) 26.14 45.71 12.87 (3.68) 13.73 48.71 30.42
Capex (1.26) (0.91) (1.94) (1.78) (2.20) (2.04) (2.89) (3.69) (3.40) (3.92)
Free cash flow (6.70) 34.98 (2.40) 24.37 43.51 10.84 (6.57) 10.03 45.31 26.50
Book value 75.00 85.88 92.91 100.84 91.68 87.61 96.00 111.39 117.32 138.21
Shares, m 79 79 79 79 79 79 80 79 79 79
Valuation, ×
Valuation, × P/E 12.38 16.94 14.57 13.70 142.63 10.32 9.10 9.50 9.97 11.81
P/S 2.76 3.33 4.20 3.18 2.73 2.20 2.15 1.81 2.08 2.99
P/B 2.15 2.49 2.39 2.11 1.79 1.39 1.45 1.33 1.56 2.08
EV/Sales 1.76 2.22 3.42 2.32 1.36 0.80 1.27 0.96 0.88 1.62
EV/FCF 2.52 1.86 5.69 3.09 0.93 4.67 3.10 3.45 1.04 1.49
Cash, $m
Cash, $m Operating cash flow (432) 2,853 (37) 2,078 3,630 1,023 (293) 1,091 3,870 2,415
Capex (100) (73) (154) (141) (175) (162) (230) (294) (270) (311)
Free cash flow (532) 2,780 (191) 1,937 3,455 862 (523) 797 3,600 2,104
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
Total debt 4,723 4,982 4,704 4,479 4,669 4,400 4,390 3,903 4,602 3,936
Net debt (4,634) (5,669) (3,285) (4,594) (6,531) (6,185) (4,433) (5,548) (8,373) (10,437)
Shareholders’ equity 5,961 6,825 7,384 8,016 7,280 6,965 7,635 8,853 9,321 10,970
Returns, %
Returns, % ROA 2.17 2.54 2.28 2.32 0.16 1.41 1.93 2.08 2.22 2.71
ROIC 69.15 92.45 25.94 32.71 13.99 116.93 35.97 34.63 137.47 327.23
ROE 18.44 19.63 17.06 16.60 1.30 12.96 16.38 15.78 16.13 19.15
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
KB KB Financial Group Inc $41.7B 10.1× — +25.89% (above 0%: growing) +12.12% (above 0%: growing) +482.05% (above 0%: growing) 61.64% 0.00% Compare
SHG Shinhan Financial Group Co Ltd $33.1B 9.5× 9.1× +27.14% (above 0%: growing) +10.37% (above 0%: growing) +120.93% (above 0%: growing) 63.24% 0.00% Compare
MTB M&T Bank Corporation $31.6B 11.3× 11.9× +2.07% (above 0%: growing) +25.59% (above 0%: growing) +52.44% (above 0%: growing) 75.36% 0.00% Compare
HBAN Huntington Bancshares Incorporated $31.0B 11.6× 11.3× +37.66% (above 0%: growing) −2.86% (below 0%: shrinking) +105.40% (above 0%: growing) 68.08% 0.00% Compare
BAP Credicorp Ltd. $30.9B 14.5× 10.9× +12.23% (above 0%: growing) +16.83% (above 0%: growing) +76.09% (above 0%: growing) 82.34% 0.00%
BBDO Banco Bradesco SA $28.5B 8.6× — +32.31% (above 0%: growing) +30.00% (above 0%: growing) −266.98% (below 0%: shrinking) 36.36% 0.00% Compare
CFG Citizens Financial Group, Inc. $26.7B 13.6× 12.3× +6.25% (above 0%: growing) +40.86% (above 0%: growing) −17.35% (below 0%: shrinking) 71.46% 0.00% Compare
RF Regions Financial Corporation $23.3B 11.1× 10.9× −2.14% (below 0%: shrinking) +8.47% (above 0%: growing) −39.63% (below 0%: shrinking) 80.19% 0.00% Compare
FCNCA First Citizens BancShares, Inc. $23.3B 11.4× 11.8× +0.11% (above 0%: growing) +31.07% (above 0%: growing) +28.65% (above 0%: growing) 67.05% 0.00% Compare
Median of peers $29.8B 11.2× 11.6× +16.07% +18.86% +40.55% 67.57% 0.00%

All 323 Banks Regional stocks →

Credicorp Ltd. (BAP) key facts

  • Strength: Credicorp Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.6 billion, up 8.87% from fiscal 2024.
  • Credicorp Ltd. (BAP) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, BAP traded at $390.26, a market capitalization of $30.9 billion.
  • Credicorp Ltd. pays an annual dividend of $14.48 per share, a yield of 3.71%, with a payout ratio of 53.6%.
  • Return on equity was 19.2% and debt-to-equity 0.38.
  • Its Piotroski F-score is 8 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Credicorp Ltd. (BAP) Latest News

15 May

Impact 4 · transcript
stockrow.com/BAP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com