Credicorp Ltd (BAPN) - Net Assets
Based on the latest financial reports, Credicorp Ltd (BAPN) has net assets worth MX$37.26 Billion MXN (≈ $2.14 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$255.30 Billion ≈ $14.69 Billion USD) and total liabilities (MX$218.04 Billion ≈ $12.55 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Credicorp Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$37.26 Billion |
| % of Total Assets | 14.59% |
| Annual Growth Rate | 9.93% |
| 5-Year Change | 37.46% |
| 10-Year Change | 109.1% |
| Growth Volatility | 6.44 |
Credicorp Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Credicorp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Credicorp Ltd for the complete picture of this company's asset base.
Annual Net Assets for Credicorp Ltd (2013–2024)
The table below shows the annual net assets of Credicorp Ltd from 2013 to 2024. For live valuation and market cap data, see how much is Credicorp Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$34.98 Billion ≈ $2.01 Billion |
+5.65% |
| 2023-12-31 | MX$33.11 Billion ≈ $1.91 Billion |
+11.92% |
| 2022-12-31 | MX$29.58 Billion ≈ $1.70 Billion |
+9.40% |
| 2021-12-31 | MX$27.04 Billion ≈ $1.56 Billion |
+6.26% |
| 2020-12-31 | MX$25.45 Billion ≈ $1.46 Billion |
-4.86% |
| 2019-12-31 | MX$26.75 Billion ≈ $1.54 Billion |
+10.22% |
| 2018-12-31 | MX$24.27 Billion ≈ $1.40 Billion |
+9.04% |
| 2017-12-31 | MX$22.25 Billion ≈ $1.28 Billion |
+10.62% |
| 2016-12-31 | MX$20.12 Billion ≈ $1.16 Billion |
+20.26% |
| 2015-12-31 | MX$16.73 Billion ≈ $962.68 Million |
+14.37% |
| 2014-12-31 | MX$14.63 Billion ≈ $841.73 Million |
+18.50% |
| 2013-12-31 | MX$12.34 Billion ≈ $710.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Credicorp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 240.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$5.64 Billion | 16.43% |
| Other Components | MX$28.70 Billion | 83.57% |
| Total Equity | MX$34.35 Billion | 100.00% |
Credicorp Ltd Competitors by Market Cap
The table below lists competitors of Credicorp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tata Steel Limited
IL:TTST
|
$26.15 Billion |
|
Huntington Bancshares Incorporated
NASDAQ:HBAN
|
$26.19 Billion |
|
Firstrand Ltd
JSE:FSR
|
$26.22 Billion |
|
Rollins Inc
NYSE:ROL
|
$26.35 Billion |
|
Swiss Life Holding AG
F:SLW1
|
$26.13 Billion |
|
Dassault Aviation SA
PA:AM
|
$26.11 Billion |
|
H+M HEN.+MAU.UNSP.ADR 1/5
F:HMSA
|
$26.09 Billion |
|
S.F. Holding Co. Ltd
SHE:002352
|
$26.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Credicorp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,460,004,000 to 34,346,451,000, a change of 1,886,447,000 (5.8%).
- Net income of 5,501,254,000 contributed positively to equity growth.
- Dividend payments of 3,664,648,000 reduced retained earnings.
- Share repurchases of 110,894,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$5.50 Billion | +16.02% |
| Dividends Paid | MX$3.66 Billion | -10.67% |
| Share Repurchases | MX$110.89 Million | -0.32% |
| Other Changes | MX$160.74 Million | +0.47% |
| Total Change | MX$- | 5.81% |
Book Value vs Market Value Analysis
This analysis compares Credicorp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.91x to 13.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$273.74 | MX$5722.68 | x |
| 2018-12-31 | MX$299.87 | MX$5722.68 | x |
| 2019-12-31 | MX$328.96 | MX$5722.68 | x |
| 2020-12-31 | MX$312.76 | MX$5722.68 | x |
| 2021-12-31 | MX$333.16 | MX$5722.68 | x |
| 2022-12-31 | MX$365.12 | MX$5722.68 | x |
| 2023-12-31 | MX$408.32 | MX$5722.68 | x |
| 2024-12-31 | MX$432.38 | MX$5722.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Credicorp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.90%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 7.46x
- Recent ROE (16.02%) is above the historical average (15.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.00% | 19.89% | 0.07x | 9.64x | MX$355.16 Million |
| 2014 | 17.08% | 25.73% | 0.07x | 9.65x | MX$989.91 Million |
| 2015 | 19.17% | 30.17% | 0.07x | 9.64x | MX$1.48 Billion |
| 2016 | 17.88% | 28.09% | 0.08x | 7.96x | MX$1.55 Billion |
| 2017 | 18.81% | 30.63% | 0.08x | 7.84x | MX$1.92 Billion |
| 2018 | 16.71% | 29.54% | 0.08x | 7.44x | MX$1.60 Billion |
| 2019 | 16.26% | 28.93% | 0.08x | 7.16x | MX$1.64 Billion |
| 2020 | 1.39% | 2.56% | 0.06x | 9.52x | MX$-2.15 Billion |
| 2021 | 13.53% | 24.65% | 0.06x | 9.24x | MX$934.91 Million |
| 2022 | 15.95% | 26.80% | 0.07x | 8.15x | MX$1.73 Billion |
| 2023 | 14.99% | 24.94% | 0.08x | 7.36x | MX$1.62 Billion |
| 2024 | 16.02% | 25.90% | 0.08x | 7.46x | MX$2.07 Billion |
Industry Comparison
This section compares Credicorp Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $44,581,661,833
- Average return on equity (ROE) among peers: 7.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Credicorp Ltd (BAPN) | MX$37.26 Billion | 13.00% | 5.85x | $26.14 Billion |
| Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) | $8.34 Billion | 0.00% | 7.25x | $3.76 Billion |
| Fibra Mty S.A.P.I. de C.V. (FMTY14) | $8.66 Billion | 11.14% | 17.04x | $8.28K |
| Grupo Financiero Inbursa S.A.B. de C.V (GFINBURO) | $28.77 Billion | 0.00% | 1.23x | $15.04 Billion |
| Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) | $174.46 Billion | 18.32% | 8.29x | $30.42 Billion |
| Lloyds Banking Group plc (LYGN) | $39.34 Billion | -2.13% | 20.41x | $79.09 Billion |
| Regional S.A.B. de C.V (RA) | $7.92 Billion | 18.09% | 10.98x | $2.77 Billion |
About Credicorp Ltd
Credicorp Ltd. provides various financial, insurance, and health services and products in Peru and internationally. It operates through Universal Banking; Insurance and Pensions; Microfinance; and Investment Management and Advisory segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts. … Read more