Credicorp Ltd Dossier - Source-backed chat

Credicorp Ltd

BAPNYSE

SectorFinancials

IndustryBanks - Regional

Beta (adjusted)0.94

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $378.35Price as of 1 Oct 2026

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Market Cap $30B

Enterprise Value $9.2B

Shares Outstanding 79.4M diluted

Next Earnings Date10 Nov 2026

Last ex-dividend18 May 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Credicorp enters the second half of 2026 with strong profitability: second-quarter ROE reached 20.3%, and management raised its medium-term ROE ambition to approximately 22%. The June 2026 upgrade of Credicorp's long-term foreign-currency rating to BBB+ with a Stable Outlook provides additional support. These positives are balanced by concentration in Peru, sensitivity to political and macroeconomic conditions, credit-cycle risk, and uncertainty over whether recent loan and fee momentum can be converted into durable returns.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets14 analysts · as of 18 Aug 2026

Low · most bearish analyst$219.00

Mean target$415.23

High · most bullish analyst$480.00

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$219.0019%

A weaker Peruvian operating environment, higher credit costs, funding pressure, or slower loan and fee growth pushes ROE below 18% and undermines confidence in the approximately 22% medium-term ambition. The concentration of major operations in Peru would amplify these pressures.

Base CaseCentral scenario

$415.2358%

Matches the consensus mean

ROE remains strong but below the approximately 22% medium-term ambition as growth normalizes and credit costs remain manageable. The diversified financial-services platform and stronger credit standing support earnings resilience, while Peru-specific macroeconomic and political exposure limits conviction.

Bull CaseUpside scenario

$480.0023%

Profitability moves toward management's approximately 22% medium-term ROE ambition as loan and fee momentum persists, funding remains disciplined, and asset quality stays controlled. Credicorp's banking, insurance, pensions, microfinance, and investment-management operations provide multiple contributors to earnings resilience.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Second-quarter 2026 ROE reached 20.3%, and management raised its medium-term ROE ambition to approximately 22%.
Fitch upgraded Credicorp's long-term foreign-currency rating to BBB+ from BBB with a Stable Outlook in June 2026.
Credicorp's universal banking, insurance, pensions, microfinance, and investment-management platform provides multiple potential earnings engines.

Key Investment Risks

Credicorp remains materially exposed to Peruvian macroeconomic, political, regulatory, currency, and credit conditions.
The higher medium-term ROE ambition creates execution risk if asset quality weakens, funding costs rise, or recent business momentum fades.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.