Credicorp Ltd - Understand $bap stock

$BAP Market Cap: $15.15 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

Gross Margin

Net Earnings

$5.216B

TTM

Current Assets

Current Liabilities

$7.383B

Q3 2024

Current Ratio

Total Assets

$249.8B

Q3 2024

Total Liabilities

$216.3B

Q3 2024

Book Value

$33.46B

Q3 2024

Cash

P/E

2.905

Nov 29, 2024 EST

Free Cash Flow

$1.902B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue
YoY Change

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$659.0M	$683.5M	$690.0M	$677.0M	$639.0M	$437.0M	$426.0M	$407.0M	$396.0M	$434.0M	$328.0M	$286.0M	$258.0M	$232.0M	$214.0M	$168.0M	$160.0M	$165.0M	$128.0M	$159.0M	$167.0M	$156.0M	$164.0M	$166.0M	$148.0M	$113.0M	$87.00M	$66.00M
YoY Change	-3.58%	-0.94%	1.92%	5.95%	46.22%	2.58%	4.67%	2.78%	-8.76%	32.32%	14.69%	10.85%	11.21%	8.41%	27.38%	5.0%	-3.03%	28.91%	-19.5%	-4.79%	7.05%	-4.88%	-1.2%	12.16%	30.97%	29.89%	31.82%	53.49%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020
Interest Expense	$5.861B	$3.493B	$2.491B	$2.979B
YoY Change	67.77%	40.24%	-16.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Pretax Income	$6.848B	$6.856B	$5.333B	$224.0M	$5.975B	$5.592B	$5.575B	$4.891B	$4.361B	$3.389B	$2.333B	$2.794B	$2.572B	$2.232B	$1.934B	$1.399B	$1.484B	$1.083B	$884.0M	$638.0M	$454.0M	$300.0M	$335.0M	$102.0M	$193.0M	$205.0M	$441.0M	$420.0M
YoY Change	-0.11%	28.56%	2280.8%	-96.25%	6.85%	0.3%	13.98%	12.15%	28.68%	45.26%	-16.5%	8.63%	15.23%	15.41%	38.24%	-5.73%	37.03%	22.51%	38.56%	40.53%	51.33%	-10.45%	228.43%	-47.15%	-5.85%	-53.51%	5.0%	45.33%
Income Tax	$1.888B	$2.111B	$1.661B	-$110.0M	$1.623B	$1.521B	$1.393B	$1.281B	$1.197B	$968.0M	$775.0M	$663.0M	$579.0M	$528.0M	$417.0M	$320.0M	$320.0M	$274.0M	$242.0M	$155.0M	$138.0M	$115.0M	$88.00M	$21.00M	$30.00M	$56.00M	$115.0M	$104.0M
% Of Pretax Income	27.58%	30.78%	31.15%	-49.11%	27.16%	27.2%	24.99%	26.19%	27.45%	28.56%	33.22%	23.73%	22.51%	23.66%	21.56%	22.87%	21.56%	25.3%	27.38%	24.29%	30.4%	38.33%	26.27%	20.59%	15.54%	27.32%	26.08%	24.76%
Net Earnings	$4.866B	$4.633B	$3.585B	$347.0M	$4.265B	$3.984B	$4.092B	$3.515B	$3.092B	$2.388B	$1.538B	$2.080B	$1.952B	$1.614B	$1.413B	$1.045B	$1.097B	$753.0M	$642.0M	$463.0M	$295.0M	$160.0M	$196.0M	$55.00M	$155.0M	$103.0M	$277.0M	$315.0M
YoY Change	5.02%	29.24%	933.14%	-91.86%	7.05%	-2.64%	16.42%	13.68%	29.48%	55.27%	-26.06%	6.56%	20.94%	14.23%	35.22%	-4.74%	45.68%	17.29%	38.66%	56.95%	84.38%	-18.37%	256.36%	-64.52%	50.49%	-62.82%	-12.06%	64.92%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$61.08	$58.13	$44.81M	$4.338M	$53.31M	$49.80M	$51.15M	$43.94M	$38.65M	$29.85M	$19.23M	$26.00M	$24.40M	$20.18M	$17.66M	$13.06M	$13.71M	$9.413M	$8.025M	$5.788M	$3.688M	$2.000M	$2.481M	$687.5K	$1.914M	$1.272M	$3.420M	$3.889M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$2.423B	$2.373B	$2.364B	$2.545B	$2.701B	$1.921B	$1.968B	$2.057B	$2.093B	$2.089B	$2.020B	$1.505B	$1.274B	$1.046B	$978.0M	$1.032B	$824.0M	$816.0M	$849.0M	$808.0M	$916.0M	$1.016B	$890.0M	$929.0M	$981.0M	$917.0M	$744.0M	$652.0M
YoY Change	2.07%	0.4%	-7.11%	-5.78%	40.6%	-2.39%	-4.33%	-1.72%	0.19%	3.42%	34.22%	18.13%	21.8%	6.95%	-5.23%	25.24%	0.98%	-3.89%	5.07%	-11.79%	-9.84%	14.16%	-4.2%	-5.3%	6.98%	23.25%	14.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$748.7M	$727.0M	$659.0M	$646.0M	$629.0M	$582.0M	$709.0M	$700.0M	$631.0M	$81.00M	$64.00M		$36.00M	$30.00M	$25.00M	$27.00M	$14.00M	$801.0M	$711.0M	$594.0M	$478.0M	$561.0M	$523.0M	$885.0M	$97.00M	$232.0M	$201.0M	$252.0M
YoY Change	2.98%	10.32%	2.01%	2.7%	8.08%	-17.91%	1.29%	10.94%	679.01%	26.56%			20.0%	20.0%	-7.41%	92.86%	-98.25%	12.66%	19.7%	24.27%	-14.8%	7.27%	-40.9%	812.37%	-58.19%	15.42%	-20.24%
Other Assets	$1.182B	$1.132B	$1.177B	$1.694B	$521.0M	$464.0M	$480.0M	$506.0M	$525.0M	$472.0M	$341.0M		$259.0M	$317.0M	$243.0M	$210.0M	$200.0M	$121.0M	$113.0M	$53.00M	$70.00M	$45.00M						$5.000M
YoY Change	4.47%	-3.86%	-30.52%	225.14%	12.28%	-3.33%	-5.14%	-3.62%	11.23%	38.42%			-18.3%	30.45%	15.71%	5.0%	65.29%	7.08%	113.21%	-24.29%	55.56%
Total Long-Term Assets
YoY Change
Total Assets	$238.8B	$236.8B	$244.8B	$237.4B	$187.9B	$177.3B	$170.5B	$156.4B	$155.5B	$134.8B	$114.1B	$104.0B	$82.81B	$79.64B	$63.58B	$65.23B	$53.07B	$41.15B	$37.72B	$29.77B	$28.81B	$30.21B	$26.06B	$26.87B	$26.62B	$25.09B	$21.25B	$16.30B
YoY Change
Accounts Payable	$13.58B	$15.31B	$2.580B	$2.252B	$2.205B	$11.05B	$2.111B	$1.741B	$1.543B	$10.18B	$4.583B	$4.790B	$203.0M	$170.0M	$139.0M	$175.0M	$102.0M					$431.0M	$279.0M		$459.0M	$399.0M	$187.0M	$149.0M
YoY Change	-11.33%	493.54%	14.56%	2.13%	-80.05%	423.45%	21.25%	12.83%	-84.84%	122.08%	-4.32%	2259.61%	19.41%	22.3%	-20.57%	71.57%						54.48%			15.04%	113.37%	25.5%
Accrued Expenses	$1.082B	$977.9M	$825.0M	$614.0M	$760.0M		$644.0M	$682.0M	$605.0M		$430.0M		$418.0M	$551.0M
YoY Change	10.65%	18.54%	34.36%	-19.21%			-5.57%	12.73%					-24.14%
Deferred Revenue
YoY Change
Short-Term Debt	$10.17B	$12.97B	$22.01B	$27.92B	$7.678B		$13.42B	$15.13B	$14.60B		$7.173B	$6.850B	$7.223B	$7.997B	$3.372B	$3.697B	$4.507B	$2.076B	$3.693B	$1.697B	$1.184B	$441.0M	$441.0M	$895.0M	$1.165B	$2.247B	$1.995B	$1.378B
YoY Change	-21.58%	-41.1%	-21.16%	263.69%			-11.32%	3.62%			4.72%	-5.16%	-9.68%	137.16%	-8.79%	-17.97%	117.1%	-43.79%	117.62%	43.33%	168.48%	0.0%	-50.73%	-23.18%	-48.15%	12.63%	44.78%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$13.88B	$15.99B	$3.761B	$3.160B	$3.610B	$11.73B	$3.236B	$2.710B	$2.531B	$10.44B	$5.111B	$4.790B	$621.0M	$721.0M	$139.0M	$175.0M	$102.0M	$2.076B	$3.693B	$1.697B	$1.184B	$431.0M	$279.0M	$895.0M	$459.0M	$399.0M	$187.0M	$149.0M
YoY Change	-13.17%	325.13%	19.02%	-12.47%	-69.22%	262.39%	19.41%	7.07%	-75.76%	104.32%	6.7%	671.34%	-13.87%	418.71%	-20.57%	71.57%	-95.09%	-43.79%	117.62%	43.33%	174.71%	54.48%	-68.83%	94.99%	15.04%	113.37%	25.5%
Long-Term Debt	$26.47B	$25.87B	$24.71B	$22.85B	$24.40B	$23.36B	$24.00B	$23.21B	$23.86B	$24.32B	$14.13B	$12.20B	$10.69B	$8.364B	$6.882B	$6.065B	$4.713B	$1.637B	$1.467B	$1.389B	$1.452B	$2.340B	$1.642B	$980.0M	$1.179B	$1.242B	$758.0M	$392.0M
YoY Change	2.33%	4.68%	8.16%	-6.35%	4.44%	-2.69%	3.44%	-2.73%	-1.91%	72.08%	15.87%	14.1%	27.82%	21.53%	13.47%	28.69%	187.9%	11.59%	5.62%	-4.34%	-37.95%	42.51%	67.55%	-16.88%	-5.07%	63.85%	93.37%
Other Long-Term Liabilities	$17.17B	$18.17B	$16.32B	$15.10B	$12.76B	$12.70B	$9.711B	$8.696B	$8.797B	$7.796B	$6.264B	$7.259B	$4.048B	$3.685B	$4.997B	$5.233B	$4.176B	$3.945B	$3.639B	$2.034B	$1.716B	$1.335B	$1.338B	$1.746B	$1.043B	$1.016B	$1.030B	$705.0M
YoY Change	-5.51%	11.33%	8.05%	18.42%	0.4%	30.82%	11.67%	-1.15%	12.84%	24.46%	-13.71%	79.32%	9.85%	-26.26%	-4.51%	25.31%	5.86%	8.41%	78.91%	18.53%	28.54%	-0.22%	-23.37%	67.4%	2.66%	-1.36%	46.1%
Total Long-Term Liabilities	$43.64B	$44.04B	$41.03B	$37.95B	$37.15B	$36.06B	$33.72B	$31.90B	$32.65B	$32.12B	$20.40B	$19.46B	$14.74B	$12.05B	$11.88B	$11.30B	$8.889B	$5.582B	$5.106B	$3.423B	$3.168B	$3.675B	$2.980B	$2.726B	$2.222B	$2.258B	$1.788B	$1.097B
YoY Change	-0.9%	7.33%	8.12%	2.15%	3.02%	6.96%	5.68%	-2.3%	1.67%	57.46%	4.84%	32.01%	22.33%	1.43%	5.14%	27.1%	59.24%	9.32%	49.17%	8.05%	-13.8%	23.32%	9.32%	22.68%	-1.59%	26.29%	62.99%
Total Liabilities	$206.4B	$207.8B	$218.3B	$212.5B	$161.6B	$153.4B	$148.7B	$136.8B	$139.4B	$120.9B	$102.3B	$93.40B	$73.65B	$71.58B	$56.88B	$59.94B	$48.04B	$36.68B	$33.65B	$26.28B	$25.65B	$27.33B	$23.32B	$24.11B	$23.97B	$22.71B	$19.23B	$14.57B
YoY Change	-0.68%	-4.83%	2.76%	31.46%	5.34%	3.17%	8.73%	-1.85%	15.31%	18.18%	9.48%	26.82%	2.9%	25.83%	-5.1%	24.77%	30.97%	9.01%	28.05%	2.45%	-6.13%	17.19%	-3.26%	0.59%	5.52%	18.14%	31.98%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $15.151 Billion

About CREDICORP LTD

Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. The company is headquartered in La Molina, Lima and currently employs 38,758 full-time employees. The firm is organized into four lines of business: Universal Banking, Insurance and Pensions that mainly serve the overall Peruvian market, Microfinance and Investment Banking and Wealth Management that have a strong presence in Latin America. The firm has leveraged its franchises and has consolidated into a Group with more than 36,000 employees and operations mainly in six countries: Peru, Bolivia, Colombia, Chile, Panama and the United States.

Industry: Commercial Banks, NEC Peers: Intercorp Financial Services Inc.