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Also traded in: Germany, Mexico, Peru

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 1.97
BAP's Cash-to-Debt is ranked higher than
50% of the 1639 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.05 vs. BAP: 1.97 )
Ranked among companies with meaningful Cash-to-Debt only.
BAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01  Med: 2.1 Max: No Debt
Current: 1.97
Equity-to-Asset 0.13
BAP's Equity-to-Asset is ranked higher than
75% of the 1624 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.10 vs. BAP: 0.13 )
Ranked among companies with meaningful Equity-to-Asset only.
BAP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.1 Max: 0.13
Current: 0.13
0.08
0.13
Debt-to-Equity 0.74
BAP's Debt-to-Equity is ranked lower than
55% of the 1247 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.63 vs. BAP: 0.74 )
Ranked among companies with meaningful Debt-to-Equity only.
BAP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28  Med: 0.84 Max: 1.57
Current: 0.74
0.28
1.57
Debt-to-EBITDA 2.78
BAP's Debt-to-EBITDA is ranked higher than
66% of the 1255 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 5.03 vs. BAP: 2.78 )
Ranked among companies with meaningful Debt-to-EBITDA only.
BAP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.42  Med: 3.49 Max: 5.38
Current: 2.78
1.42
5.38
Interest Coverage 1.71
BAP's Interest Coverage is ranked higher than
50% of the 1562 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.72 vs. BAP: 1.71 )
Ranked among companies with meaningful Interest Coverage only.
BAP' s Interest Coverage Range Over the Past 10 Years
Min: 0.88  Med: 1.53 Max: 1.85
Current: 1.71
0.88
1.85
Beneish M-Score: -2.30
WACC vs ROIC
9.66%
44.18%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 36.62
BAP's Operating Margin % is ranked higher than
61% of the 1650 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 32.07 vs. BAP: 36.62 )
Ranked among companies with meaningful Operating Margin % only.
BAP' s Operating Margin % Range Over the Past 10 Years
Min: 22.33  Med: 31.83 Max: 38.28
Current: 36.62
22.33
38.28
Net Margin % 26.55
BAP's Net Margin % is ranked higher than
62% of the 1650 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 22.99 vs. BAP: 26.55 )
Ranked among companies with meaningful Net Margin % only.
BAP' s Net Margin % Range Over the Past 10 Years
Min: 14.73  Med: 23.25 Max: 30.29
Current: 26.55
14.73
30.29
ROE % 18.85
BAP's ROE % is ranked higher than
89% of the 1653 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 8.60 vs. BAP: 18.85 )
Ranked among companies with meaningful ROE % only.
BAP' s ROE % Range Over the Past 10 Years
Min: 13.7  Med: 21.5 Max: 22.66
Current: 18.85
13.7
22.66
ROA % 2.30
BAP's ROA % is ranked higher than
89% of the 1657 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.90 vs. BAP: 2.30 )
Ranked among companies with meaningful ROA % only.
BAP' s ROA % Range Over the Past 10 Years
Min: 1.41  Med: 2.19 Max: 2.3
Current: 2.3
1.41
2.3
3-Year Revenue Growth Rate 10.00
BAP's 3-Year Revenue Growth Rate is ranked higher than
74% of the 1479 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 4.20 vs. BAP: 10.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
BAP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -0.1  Med: 10.3 Max: 26.4
Current: 10
-0.1
26.4
3-Year EBITDA Growth Rate 25.80
BAP's 3-Year EBITDA Growth Rate is ranked higher than
85% of the 1396 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 5.90 vs. BAP: 25.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
BAP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 3.1  Med: 18.15 Max: 32.5
Current: 25.8
3.1
32.5
3-Year EPS without NRI Growth Rate 31.70
BAP's 3-Year EPS without NRI Growth Rate is ranked higher than
88% of the 1354 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 6.60 vs. BAP: 31.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
BAP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -2  Med: 20 Max: 65.3
Current: 31.7
-2
65.3
GuruFocus has detected 3 Warning Signs with Credicorp Ltd BAP.
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» BAP's 30-Y Financials

Financials (Next Earnings Date: 2017-11-06)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

BAP Guru Trades in Q3 2016

Jim Simons 2,200 sh (New)
Frank Sands 296,662 sh (+4.47%)
Ron Baron Sold Out
Ken Fisher 1,288,050 sh (-0.01%)
Jeremy Grantham 5,400 sh (-72.31%)
» More
Q4 2016

BAP Guru Trades in Q4 2016

Jim Simons 114,300 sh (+5095.45%)
Ken Fisher 1,281,492 sh (-0.51%)
Frank Sands 238,842 sh (-19.49%)
Jeremy Grantham 2,400 sh (-55.56%)
» More
Q1 2017

BAP Guru Trades in Q1 2017

Signature Select Canadian Fund 14,250 sh (New)
Jim Simons 335,900 sh (+193.88%)
Jeremy Grantham 2,500 sh (+4.17%)
Frank Sands 248,426 sh (+4.01%)
Ken Fisher 1,291,779 sh (+0.80%)
» More
Q2 2017

BAP Guru Trades in Q2 2017

Jeremy Grantham 107,800 sh (+4212.00%)
Frank Sands 258,921 sh (+4.22%)
Ken Fisher 1,289,913 sh (-0.14%)
Jim Simons 169,800 sh (-49.45%)
» More
» Details

Insider Trades

Latest Guru Trades with BAP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Fisher 2017-06-30 Reduce -0.14%$151.96 - $182.96 $ 206.6324%1,289,913
Ken Fisher 2017-03-31 Add 0.80%$157.58 - $172.11 $ 206.6326%1,291,779
Ken Fisher 2016-12-31 Reduce -0.51%$145.23 - $163.1 $ 206.6335%1,281,492
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Banks » Banks - Regional - Latin America    NAICS: 522110    SIC: 6021
Compare:MEX:GFNORTE O, XSGO:CHILE, LIM:CREDITC1, XSGO:BSANTANDER, BSP:ITSA3, MEX:GFINBUR O, MEX:SANMEX B, NYSE:CIB, BOG:GRUPOAVAL, XSGO:BCI, BOG:BOGOTA, BUE:BMA, BSP:BBAS3, LIM:CONTINC1, BUE:GGAL, LIM:SCOTIAC1, XSGO:SM-CHILE E, BOG:PFDAVVNDA, BSP:SANB3, XSGO:ITAUCORP » details
Traded in other countries:D8V.Germany, BAPN.Mexico, BAP.Peru,
Headquarter Location:Peru
Credicorp Ltd is a financial services company in Peru. It provides financial and health services and products. It operates in four segments namely Banking, Insurance, Pension fund and Investment banking.

Credicorp is a financial services company in Peru. It is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. The company also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.

Guru Investment Theses on Credicorp Ltd

Baron Funds Comments on Credicorp Ltd. - Jun 01, 2016

We invest in Financials companies located overseas through our three international funds. In addition to our traditional investment criteria, we look for companies that are poised to benefit from secular or structural growth opportunities in their regional markets. For instance, we own Credicorp Ltd. (NYSE:BAP), the largest financial services company in Peru, with dominant positions in banking, insurance, and asset management. In addition to a high quality management team and a track record of delivering solid profitability, we think Credicorp stands to benefit from two major secular trends: an increase in banking penetration and favorable demographics. Peru is still vastly underserved in terms of financial services, with a loan/GDP ratio of roughly 27%, among the lowest in Latin America, implying significant room for banks to increase lending. In addition, a population with a young, but increasing, median age; a reduction in poverty levels; and a gradual formalization of the labor force will boost demand for financial services, in our view.



From Baron Funds' May 2016 Baron Insight: Investing in Financials.



Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 17.36
BAP's PE Ratio is ranked lower than
60% of the 1528 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.62 vs. BAP: 17.36 )
Ranked among companies with meaningful PE Ratio only.
BAP' s PE Ratio Range Over the Past 10 Years
Min: 6.95  Med: 16.8 Max: 22.94
Current: 17.36
6.95
22.94
Forward PE Ratio 12.48
BAP's Forward PE Ratio is ranked higher than
70% of the 372 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.77 vs. BAP: 12.48 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 17.36
BAP's PE Ratio without NRI is ranked lower than
60% of the 1531 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.75 vs. BAP: 17.36 )
Ranked among companies with meaningful PE Ratio without NRI only.
BAP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 6.95  Med: 16.8 Max: 22.94
Current: 17.36
6.95
22.94
PB Ratio 3.05
BAP's PB Ratio is ranked lower than
95% of the 1636 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.22 vs. BAP: 3.05 )
Ranked among companies with meaningful PB Ratio only.
BAP' s PB Ratio Range Over the Past 10 Years
Min: 1.66  Med: 3.01 Max: 4.98
Current: 3.05
1.66
4.98
PS Ratio 4.59
BAP's PS Ratio is ranked lower than
68% of the 1598 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 3.44 vs. BAP: 4.59 )
Ranked among companies with meaningful PS Ratio only.
BAP' s PS Ratio Range Over the Past 10 Years
Min: 1.71  Med: 3.64 Max: 5.86
Current: 4.59
1.71
5.86
EV-to-EBIT 9.75
BAP's EV-to-EBIT is ranked higher than
62% of the 1255 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 12.71 vs. BAP: 9.75 )
Ranked among companies with meaningful EV-to-EBIT only.
BAP' s EV-to-EBIT Range Over the Past 10 Years
Min: -0.2  Med: 9.1 Max: 18.5
Current: 9.75
-0.2
18.5
EV-to-EBITDA 8.97
BAP's EV-to-EBITDA is ranked higher than
62% of the 1254 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 11.38 vs. BAP: 8.97 )
Ranked among companies with meaningful EV-to-EBITDA only.
BAP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -0.2  Med: 8.3 Max: 15.9
Current: 8.97
-0.2
15.9
EV-to-Revenue 3.56
BAP's EV-to-Revenue is ranked higher than
57% of the 1293 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 4.22 vs. BAP: 3.56 )
Ranked among companies with meaningful EV-to-Revenue only.
BAP' s EV-to-Revenue Range Over the Past 10 Years
Min: -0.1  Med: 2.7 Max: 4.9
Current: 3.56
-0.1
4.9
PEG Ratio 1.04
BAP's PEG Ratio is ranked higher than
63% of the 831 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.52 vs. BAP: 1.04 )
Ranked among companies with meaningful PEG Ratio only.
BAP' s PEG Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.89 Max: 2.07
Current: 1.04
0.25
2.07
Shiller PE Ratio 26.63
BAP's Shiller PE Ratio is ranked lower than
64% of the 508 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 21.19 vs. BAP: 26.63 )
Ranked among companies with meaningful Shiller PE Ratio only.
BAP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.93  Med: 26.87 Max: 47.42
Current: 26.63
13.93
47.42

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.83
BAP's Dividend Yield % is ranked lower than
62% of the 2337 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.62 vs. BAP: 1.83 )
Ranked among companies with meaningful Dividend Yield % only.
BAP' s Dividend Yield % Range Over the Past 10 Years
Min: 1  Med: 1.64 Max: 3.9
Current: 1.83
1
3.9
Dividend Payout Ratio 0.28
BAP's Dividend Payout Ratio is ranked higher than
60% of the 1387 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.32 vs. BAP: 0.28 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BAP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18  Med: 0.24 Max: 0.36
Current: 0.28
0.18
0.36
3-Year Dividend Growth Rate 3.50
BAP's 3-Year Dividend Growth Rate is ranked lower than
64% of the 820 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 6.50 vs. BAP: 3.50 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
BAP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -11.4  Med: 9.6 Max: 55.8
Current: 3.5
-11.4
55.8
Forward Dividend Yield % 1.83
BAP's Forward Dividend Yield % is ranked lower than
66% of the 2240 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.79 vs. BAP: 1.83 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.42
BAP's 5-Year Yield-on-Cost % is ranked lower than
59% of the 2723 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 3.29 vs. BAP: 2.42 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
BAP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.31  Med: 2.15 Max: 5.12
Current: 2.42
1.31
5.12
3-Year Average Share Buyback Ratio -5.90
BAP's 3-Year Average Share Buyback Ratio is ranked lower than
64% of the 1129 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: -2.20 vs. BAP: -5.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BAP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -5.9  Med: 0 Max: 5.6
Current: -5.9
-5.9
5.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.04
BAP's Price-to-Tangible-Book is ranked lower than
94% of the 1630 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.30 vs. BAP: 3.04 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
BAP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.63  Med: 2.43 Max: 5.37
Current: 3.04
0.63
5.37
Price-to-Intrinsic-Value-Projected-FCF 3.80
BAP's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
96% of the 857 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.85 vs. BAP: 3.80 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
BAP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.54  Med: 3.05 Max: 5.3
Current: 3.8
0.54
5.3
Price-to-Intrinsic-Value-DCF (Earnings Based) 0.87
BAP's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
51% of the 154 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.86 vs. BAP: 0.87 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
BAP' s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 0.42  Med: 0.65 Max: 0.92
Current: 0.87
0.42
0.92
Price-to-Median-PS-Value 1.26
BAP's Price-to-Median-PS-Value is ranked lower than
60% of the 1469 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.16 vs. BAP: 1.26 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
BAP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.17  Med: 0.79 Max: 1.52
Current: 1.26
0.17
1.52
Price-to-Peter-Lynch-Fair-Value 1.27
BAP's Price-to-Peter-Lynch-Fair-Value is ranked lower than
52% of the 439 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.24 vs. BAP: 1.27 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
BAP' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.35  Med: 0.73 Max: 1.91
Current: 1.27
0.35
1.91
Price-to-Graham-Number 1.53
BAP's Price-to-Graham-Number is ranked lower than
85% of the 1429 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.95 vs. BAP: 1.53 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BAP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52  Med: 1.33 Max: 2.73
Current: 1.53
0.52
2.73
Earnings Yield (Greenblatt) % 10.28
BAP's Earnings Yield (Greenblatt) % is ranked higher than
71% of the 1657 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 5.51 vs. BAP: 10.28 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BAP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -653.5  Med: 10.9 Max: 307.5
Current: 10.28
-653.5
307.5
Forward Rate of Return (Yacktman) % 13.65
BAP's Forward Rate of Return (Yacktman) % is ranked higher than
58% of the 981 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 11.33 vs. BAP: 13.65 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
BAP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 10  Med: 18.4 Max: 38.5
Current: 13.65
10
38.5

More Statistics

Revenue (TTM) (Mil) $4,221.73
EPS (TTM) $ 11.88
Beta1.08
Short Percentage of Float1.15%
52-Week Range $146.03 - 213.83
Shares Outstanding (Mil)94.38

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 3,880 4,304 4,740
EPS ($) 14.11 16.54 18.71
EPS without NRI ($) 14.11 16.54 18.71
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 4.49 8.45 9.53

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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