Discounted Cash Flow

Credicorp Ltd. Foreign

BAP · Based on 10 years of SEC filings · Converted from PEN to USD

⚠ Cash flow predictability 41/100 (moderate) — FCF YoY std dev 93%, net income 46% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $5.0b $1.0b $-427.8m 21.0% $44.23
2017 $5.3b (5.8%) $1.2b (16.4%) $2.8b (743.6%) 23.1% (10.1%) $51.49 (16.4%)
2018 $5.4b (2.4%) $1.2b (-2.6%) $-51.1m (-101.9%) 21.9% (-4.9%) $50.13 (-2.6%)
2019 $5.9b (8.5%) $1.3b (7.1%) $2.1b (4124.0%) 21.7% (-1.3%) $53.66 (7.0%)
2020 $5.5b (-6.7%) $103.5m (-91.9%) $103.5m (-95.0%) 1.9% (-91.3%) $4.37 (-91.9%)
2021 $5.8b (5.8%) $1.1b (933.3%) $1.2b (1041.8%) 18.4% (876.6%) $45.09 (931.8%)
2022 $6.9b (18.2%) $1.4b (29.3%) $-610.8m (-151.7%) 20.2% (9.3%) $58.26 (29.2%)
2023 $7.7b (11.6%) $1.5b (5.0%) $873.5m (243.0%) 19.0% (-5.9%) $61.22 (5.1%)
2024 $8.2b (7.0%) $1.6b (13.1%) $4.0b (357.9%) 20.0% (5.6%) $69.24 (13.1%)
2025 $7.2b (-12.7%) $2.1b (25.9%) $2.2b (-45.3%) 28.9% (44.2%) $87.25 (26.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in PEN. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model