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Friday 6 November 2026 Export BPOP’s income statement to Excel — free account

Popular, Inc.

BPOP Financial Banks Regional

Popular, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 2.51% from fiscal 2024.

Revenue
+4.48%
EPS
+40.8%
Free cash flow
+46.4%

Quarter to June 2026, against a year earlier

156.07 2.65 −1.67%
Market cap
$9.8B
P/E
10.5×
Fwd P/E
9.7×
Dividend yield
2.02%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Popular, Inc. (BPOP) valuation and DCF model

What the price implies · reverse DCF

At $156.07 the price implies 18.3% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 31.7% a year over the last ten years, 13.5% over the last five. The price asks for less than its ten-year rate. Return on equity averaged 11.3% over ten years; the price implies 12.6% for good.

In December 2017 the price assumed 15.6% a year; Popular, Inc. went on to grow the dividend a share 1.4% a year to FY2025.

Price implies
18.3%
Last 5 years, reported
13.5%
Last 10 years, reported
31.7%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
18.3% a year for ten years
$156.07
today’s price
Its base case
20.0% a year for five years, then 12.0%
$134.35
13.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Popular, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to June 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 18.3% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Popular, Inc.’s own cost of capital: risk-free 4.3% + beta 0.64 × equity premium 4.5% = 7.2% cost of equity; weighted, 7.2%.

Use 7.2%
Base case value per share $134.35 ten years discounted, and what follows
Current price $156.07 market price per share
Below today’s price 13.9% downside at the base case’s assumptions

How we got there$46.60 10 years of dividends+$87.75 terminal value=$134.35 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 10.54× 9.39× 11.51× 8% below 12.02× 12% below
P/FCF 12.35× 11.30× 9.25× 34% above 10.60× 17% above
P/B 1.56× 1.29× 1.10× 42% above 1.23× 26% above
EV/Sales — 0.54× 0.54× — 3.90× —
P/E P/FCF P/B EV/Sales
7.34×15.83×24.32×32.82×10Y avg 11.51×2017201820192020202120222023202420252026

BPOP trades at 10.54× P/E, against a 10-year average of 11.51× (range 4.45×–35.30×). That is dearer than 67% of the last 9 year-end readings; re-rating to the average implies $170.53 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.