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A Look At Credicorp (NYSE:BAP) Valuation After Zacks Rank 1 Upgrade And Earnings Estimate Revisions

Simply Wall St · 3d ago

Credicorp (NYSE:BAP) has attracted fresh attention after Zacks upgraded the stock to a Rank #1, reflecting higher earnings estimates in recent months and signaling that analysts see improved business momentum.

See our latest analysis for Credicorp.

The recent Zacks upgrade comes as Credicorp’s share price has climbed 12.43% over the past 90 days and delivered a 68.81% 1 year total shareholder return. This suggests momentum has been building alongside positive earnings revisions and the pending Helm Bank acquisition.

If Credicorp’s recent move has you thinking about where growth and ownership can align, this could be a good moment to widen your search with fast growing stocks with high insider ownership.

With Credicorp trading at $293.70 against an analyst price target of about $301 and an estimated intrinsic value gap of roughly 40%, the key question is whether the market still underestimates its earnings power or already reflects future growth.

Most Popular Narrative: 2.4% Undervalued

With Credicorp closing at $293.70 against a narrative fair value of about $300.95, the current price sits slightly below that implied level, putting more focus on the earnings and margin assumptions behind this view.

The group's strategic shift toward a more diversified, fee-generating, and digitally enabled business model is reducing earnings volatility, increasing cross-sell opportunities in insurance, pensions, and wealth management, and positioning Credicorp for more resilient and consistent net earnings growth.

Read the complete narrative.

Curious what kind of revenue run rate, margin profile, and earnings multiple are baked into that fair value? The narrative leans on steady growth, slightly slimmer margins, and a future valuation multiple that sits below many peers. Want to see exactly how those moving parts fit together?

Result: Fair Value of $300.95 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, there is still plenty that could trip up this fair value story, ranging from Peru specific political or regulatory shocks to higher risk Yape lending hurting asset quality.

Find out about the key risks to this Credicorp narrative.

Build Your Own Credicorp Narrative

If you would rather weigh the data for yourself and stress test different assumptions, you can build a custom Credicorp story in minutes with Do it your way.

A great starting point for your Credicorp research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If you are weighing Credicorp today, do not stop there. Broaden your watchlist with a few focused stock ideas tailored to different themes and income goals.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.