Credicorp Ltd.

AI-generated fair value estimate for this company.

Method: Two-stage dividend discount model: $2.16B TTM net income growing 10%/yr years 1-5 (consistent with 2026 consensus revenue/EPS growth of ~11%/~15%, decelerating), 7%/yr years 6-10, 5% terminal; payout ratio derived from a ~19% sustainable ROE and the retention required at each growth stage (47% to 63% to 74% payout); 11% cost of equity (Peru/emerging-market bank risk premium); 79.42M shares outstanding.

Reasoning: Credicorp's value as a bank holding company is best captured through a dividend discount model tied to its high ~19% ROE and the capital retention needed to fund loan growth, rather than a traditional unlevered FCF DCF; the elevated discount rate reflects Peru sovereign and emerging-market risk.