Stocks BAP Financial statements
Financial statementsCREDICORP LTD financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CREDICORP LTD files with the SEC in its annual reports.
In PEN millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2015 | FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15,765 | 16,819 | 17,599 | 17,995 | 19,674 | 18,415 | 19,452 | 20,919 | 25,665 | 27,472 |
| General and administrative | 1,996 | 2,095 | 2,159 | 2,318 | 2,361 | 2,384 | 2,954 | 3,414 | 3,803 | 4,184 |
| Pre-tax income | 4,361 | 4,891 | 5,575 | 5,592 | 5,976 | 224 | 5,333 | 6,871 | 6,848 | 7,825 |
| Income tax | 1,197 | 1,281 | 1,393 | 1,521 | 1,623 | -110 | 1,661 | 2,111 | 1,888 | 2,201 |
| Net income to minority interests | 71.1 | 95.4 | 89.9 | 87.4 | 87 | -12.8 | 87.2 | 112 | 94.3 | 122 |
| Net income | 3,092 | 3,515 | 4,092 | 3,984 | 4,265 | 347 | 3,585 | 4,648 | 4,866 | 5,501 |
| EPS, basic | 38.91 | 44.23 | 51.49 | 50.13 | 53.66 | 4.37 | 45.09 | 58.44 | 61.22 | 69.24 |
| EPS, diluted | 38.84 | 44.15 | 51.35 | 49.99 | 53.53 | 4.36 | 44.99 | 58.32 | 61.08 | 69.09 |
Balance sheet
| FY2015 | FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 22,045 | 16,633 | 23,212 | 22,161 | 25,974 | 36,734 | 39,294 | 34,121 | 33,921 | 47,570 |
| Property, plant and equipment | 1,671 | 1,552 | 1,509 | 1,481 | 1,428 | 1,375 | 1,309 | 1,281 | 1,358 | 1,439 |
| Lease right-of-use assets | 0 | 822 | 703 | 586 | 544 | 500 | 403 | |||
| Goodwill | 636 | 636 | 591 | 866 | 821 | 797 | 772 | 798 | 722 | |
| Intangible assets | 1,269 | 1,325 | 1,343 | 1,464 | 1,666 | 1,818 | 1,913 | 2,127 | 2,427 | 2,567 |
| Total assets | 155,480 | 156,435 | 170,472 | 177,263 | 187,859 | 237,406 | 243,444 | 235,414 | 238,840 | 256,089 |
| Total liabilities | 138,753 | 136,319 | 148,219 | 152,997 | 161,113 | 211,961 | 216,611 | 205,819 | 205,733 | 221,112 |
| Paid-in capital | 281 | 272 | 246 | 226 | 193 | 229 | 232 | 228 | 176 | |
| Retained earnings | 3,517 | 4,271 | 4,175 | 4,375 | 347 | 3,183 | 4,277 | 4,572 | 5,643 | |
| Shareholders' equity | 19,656 | 21,757 | 23,839 | 26,238 | 24,946 | 26,292 | 29,004 | 32,460 | 34,346 | |
| Minority interests | 460 | 497 | 427 | 508 | 500 | 541 | 592 | 647 | 631 | |
| Total equity | 16,728 | 20,117 | 22,062 | 24,266 | 26,746 | 25,446 | 26,833 | 29,595 | 33,107 | 34,977 |
| Total liabilities and equity | 155,481 | 156,435 | 170,472 | 177,263 | 187,859 | 237,406 | 243,444 | 235,414 | 238,840 | 256,089 |
Cash flow statement
| FY2015 | FY2017 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 3,163 | 3,610 | 4,182 | 4,071 | 4,352 | 334 | 3,672 | 4,760 | 4,960 | 5,623 |
| Depreciation and amortization | 396 | 407 | 420 | 429 | 455 | 498 | 522 | 485 | 511 | 571 |
| Cash from operations | -1,316 | -1,368 | 9,507 | -252 | 6,934 | 12,686 | 3,973 | -1,151 | 4,080 | 14,522 |
| Capital expenditures | -148 | -110 | -144 | -181 | -135 | -98.1 | -108 | -193 | -322 | -310 |
| Cash from investing | -1,582 | -1,979 | 250 | -59.3 | 726 | -1,872 | -3,728 | -1,095 | -1,255 | 528 |
| Debt issued | 667 | -401 | -40 | 0 | ||||||
| Share buybacks | -73 | -66.5 | -71 | |||||||
| Dividends paid | -540 | -653 | -980 | -1,130 | -1,595 | -2,393 | -399 | -1,196 | -1,994 | -3,665 |
| Cash from financing | 53.9 | -1,611 | -2,394 | -1,445 | -3,552 | -2,088 | -465 | -1,601 | -2,264 | -1,810 |
| Exchange rate effect | 3,200 | -454 | -785 | 705 | -295 | 2,035 | 2,780 | -1,325 | -761 | 410 |
| Free cash flow | -1,464 | -1,478 | 9,363 | -433 | 6,799 | 12,587 | 3,865 | -1,344 | 3,757 | 14,212 |
| Interest paid | -2,319 | 2,773 | 2,886 | 3,034 | 3,194 | 2,960 | 2,231 | 2,848 | 5,081 | 5,853 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Pre-tax margin | 28.5% | Pre-tax income / revenue. |
| Net margin | 20.0% | Net income / revenue. |
| FCF margin | 51.7% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 52.9% | Cash from operations / revenue. |
| Effective tax rate | 28.1% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 16.5% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 2.2% | Net income / average total assets. |
| Capex / revenue | 1.1% | Capital expenditures / revenue. |
| D&A / revenue | 2.1% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 7.0% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 12.2% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 6.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 13.1% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 15.3% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 5.2% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 13.1% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 15.4% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 5.2% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 256.0% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 54.0% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 15.9% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 278.2% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 54.3% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 15.9% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 5.8% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 9.3% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 5.5% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 7.2% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 1.7% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 6.4% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Liabilities / assets | 86.3% | Total liabilities / total assets. |
| Goodwill and intangibles / assets | 1.3% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | PEN 31.06B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.11x | Revenue / average total assets. |
| Fixed asset turnover | 19.7x | Revenue / average property, plant and equipment. |
| FCF conversion | 258.3% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 2.1% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | PEN 69.09 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | PEN 69.24 | Net income per basic share, as reported (split-adjusted). |
| Payout ratio | 66.6% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 25.8% | Dividends paid / free cash flow, when free cash flow is positive. |
What was CREDICORP LTD's revenue in fiscal 2024?
CREDICORP LTD reported revenue of PEN 27.47B for fiscal 2024, 7% higher than the year before.
Was CREDICORP LTD profitable in fiscal 2024?
Yes. Net income was PEN 5.50B, a net margin of 20%.
How much free cash flow did CREDICORP LTD generate in fiscal 2024?
Cash from operations of PEN 14.52B minus capital expenditures of PEN 310.1M left free cash flow of PEN 14.21B.