Company Valuation: Credicorp Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,707 10,789 11,925 14,562 22,778 30,325 - -
Change - 11.16% 10.52% 22.11% 56.42% 33.13% - -
Enterprise Value (EV) 9,707 10,789 11,925 14,562 22,778 30,325 30,325 30,325
Change - 11.16% 10.52% 22.11% 56.42% 33.13% 0% 0%
P/E 10.4x 9.02x 9.49x 9.87x 11.1x 12.8x 11.2x 9.81x
PBR 1.41x 1.44x 1.25x 1.58x 1.99x 2.44x 2.21x 2x
PEG - 0.3x 1.87x 0.6x 0.3x 0.8x 0.8x 0.7x
Capitalization / Revenue 2.61x 2.41x 2.32x 2.49x 3.33x 3.96x 3.57x 3.24x
EV / Revenue 0x 0x 0x 0x 0x 3.96x 3.57x 3.24x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.31x 7.43x 6.36x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.321 - 6.478 12.38 11.89 15.85 17.13 19.76
Rate of return 1.08% - 4.32% 6.75% 4.14% 4.15% 4.49% 5.18%
EPS 2 11.71 15.04 15.81 18.57 25.86 29.85 33.96 38.94
Distribution rate 11.3% - 41% 66.7% 46% 53.1% 50.4% 50.8%
Net sales 1 3,722 4,476 5,132 5,844 6,831 7,655 8,492 9,362
EBITDA - - - - - - - -
EBIT 1 1,706 2,244 2,713 3,053 3,557 3,649 4,081 4,771
Net income 1 934.1 1,200 1,261 1,480 2,063 2,373 2,692 3,103
Net Debt - - - - - - - -
Reference price 2 122.07 135.66 149.93 183.32 287.00 381.83 381.83 381.83
Nbr of stocks (in thousands) 79,517 79,533 79,536 79,434 79,367 79,419 - -
Announcement Date 2/7/22 2/9/23 2/8/24 2/10/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.84x - - 1.81% 929B
6.22x - - 4.97% 410B
12.47x - - 2.05% 407B
12.55x - - 4.16% 352B
6.22x - - 4.95% 331B
6.69x - - 4.74% 298B
17.55x - - 2.4% 282B
14.6x - - 2.7% 264B
11.88x - - 2.19% 263B
Average 11.34x 3.33% 392.75B
Weighted average by Cap. 11.56x 3.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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