Discounted Cash Flow

Credicorp Ltd. Foreign

BAP · Based on 10 years of SEC filings

Average annual growth rates

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

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 $16.8b $3.5b $-1.4b 21.0% $44.23
2017 $17.7b (5.8%) $4.1b (16.4%) $9.2b (743.6%) 23.1% (10.1%) $51.49 (16.4%)
2018 $18.2b (2.4%) $4.0b (-2.6%) $-171.5m (-101.9%) 21.9% (-4.9%) $50.13 (-2.6%)
2019 $19.7b (8.5%) $4.3b (7.1%) $6.9b (4124.0%) 21.7% (-1.3%) $53.66 (7.0%)
2020 $18.4b (-6.7%) $346.9m (-91.9%) $346.9m (-95.0%) 1.9% (-91.3%) $4.37 (-91.9%)
2021 $19.4b (5.8%) $3.6b (933.3%) $4.0b (1041.8%) 18.4% (876.6%) $45.09 (931.8%)
2022 $23.0b (18.2%) $4.6b (29.3%) $-2.0b (-151.7%) 20.2% (9.3%) $58.26 (29.2%)
2023 $25.7b (11.6%) $4.9b (5.0%) $2.9b (243.0%) 19.0% (-5.9%) $61.22 (5.1%)
2024 $27.5b (7.0%) $5.5b (13.1%) $13.4b (357.9%) 20.0% (5.6%) $69.24 (13.1%)
2025 $24.0b (-12.7%) $6.9b (25.9%) $7.3b (-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:

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