WinstonWınston
Back
Credicorp logo

Credicorp

BAP
73
Banks · Financial Services
Price
$390.58
+3.14 (+0.81%)
Market Cap
$31.03B
Winston Score
73
Winston is happy
A high-quality business with solid fundamentals.

Credicorp is the largest financial services company in Peru. It owns Banco de Crédito del Perú (BCP), which is Peru's biggest bank, along with insurance, pension fund, and investment banking businesses. It serves everyday consumers, small businesses, and large corporations across Peru and a few other Latin American countries.

Credicorp makes money through interest on loans, insurance premiums, pension fund management fees, and investment banking services. Nearly all of its revenue comes from Peru, making it deeply tied to that country's economy. Its size gives it a strong competitive advantage — BCP alone holds roughly one-third of all loans and deposits in Peru, which is hard for smaller rivals to match. The main risk is that Credicorp's performance depends heavily on Peru's political stability and economic growth, both of which have been unpredictable in recent years.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+25.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+40.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

33.0%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

$43.3B cash & investments at current burn rate

Revenue accelerating

Credicorp grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 79.7M (2021) → 79.8M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
76.9%
Premium pricing power — 76.9% gross margin
Operating Margin
28.2%
Excellent — 28.2% operating margin
ROCE
3.3%
Weak — 3.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+4.1%
Slow sales growth (4.1% YoY)
EPS YoY
+25.8%
Earnings growing fast (25.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
127%
Turns 127% of profit into real cash
FCF Margin
30.3%
Converts sales into free cash efficiently (30.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.93
Moderate — manageable debt (0.93)
Interest Cover
2.06x
Tight — interest eats into profit (2.1x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
4.5x
Attractive valuation — P/E 4.5

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
+1.1
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
3.78%
Moderate income — 3.78% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+83.4%
Dividend growing fast (83.4% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial