Credicorp Ltd. (BAP) vs Fifth Third Bancorp (FITB)

Credicorp Ltd. and Fifth Third Bancorp are both Banks Regional companies. Fifth Third Bancorp is the larger, with a market value of $45.7B against $30.9B — 1.5× the size. Credicorp Ltd. trades at the lower P/E: 14.5× against 17.0×. Fifth Third Bancorp grew revenue faster over the last twelve months: 14.4% against 12.1%. Credicorp Ltd. has the higher net margin (26.3% vs 14.8%) and the higher return on invested capital (173.4% vs 7.05%). Both pay a dividend; Credicorp Ltd. yields more (3.71% vs 3.22%). Across the 19 metrics below, Credicorp Ltd. leads on 15 and Fifth Third Bancorp on 4.

Valuation

Metric BAP FITB Banks Regional median
P/E 14.46 17.02 11.98
P/S 3.79 3.09 2.34
P/B 2.74 1.42 1.19
Price to free cash flow 3.73 15.83 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.92% 5.88% 8.23%
Free cash flow yield 26.80% 6.32% 9.08%

Profitability

Metric BAP FITB Banks Regional median
Gross margin 81.63% 72.22% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.34% 14.78% 18.66%
Free cash flow margin 0.00% 19.47% 21.11%
Return on equity 20.60% 8.57% 10.65%
Return on assets 2.86% 0.86% 1.13%
Return on invested capital 173.44% 7.05% 8.35%

Growth

Metric BAP FITB Banks Regional median
Revenue growth (TTM) 12.06% 14.41% 6.98%
EPS growth (last fiscal year) 32.41% 12.42% 18.88%
Revenue growth, 5-year CAGR 9.83% 9.02% 12.38%
Net income growth, 5-year CAGR 81.29% 12.42% 9.71%

Health

Metric BAP FITB Banks Regional median
Debt to equity 0.38 0.51 0.22
Current ratio 1.06 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BAP FITB Banks Regional median
Dividend yield 3.71% 3.22% 2.57%
Payout ratio 0.54 0.55 0.30

Size

Metric BAP FITB Banks Regional median
Market cap 30.85b 45.66b 913.33m

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