Credicorp Ltd. Experiences Revision in Its Stock Evaluation Amid Strong Market Performance

Credicorp Ltd., a midcap player in the major banks industry, has recently undergone a valuation adjustment, reflecting a shift in its financial standing. The company currently boasts a P/E ratio of 13, alongside a price-to-book value of 2.10. Its EV to EBIT stands at 8.15, while the EV to EBITDA is recorded at 7.43. Additionally, the EV to Capital Employed is 2.81, and the EV to Sales is 3.15. The PEG ratio is noted at 0.77, with a modest dividend yield of 0.04%. Credicorp's return on capital employed (ROCE) is a notable 34.47%, and its return on equity (ROE) is at 15.92%.
In comparison to its peers, Credicorp's valuation metrics align closely with those of other attractive banks, such as Huntington Bancshares and Regions Financial Corp., which exhibit competitive P/E ratios and PEG values. However, Citizens Financial Group stands out with a higher valuation. Over the past year, Credicorp has shown a return of 24.77%, significantly outperforming the S&P 500's 11% return, highlighting its strong market position within the banking sector.