SNSE:ITAUCORP

Stock Analysis Report

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Executive Summary

Itaú Corpbanca provides wholesale and retail banking services to large and medium-sized companies, individuals, and institutional clients in Chile and Colombia. More Details


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Itaú Corpbanca's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ITAUCORP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.6%

ITAUCORP

-0.07%

CL Banks

0.2%

CL Market


1 Year Return

-59.2%

ITAUCORP

-38.4%

CL Banks

-26.5%

CL Market

Return vs Industry: ITAUCORP underperformed the CL Banks industry which returned -38.8% over the past year.

Return vs Market: ITAUCORP underperformed the CL Market which returned -26.9% over the past year.


Shareholder returns

ITAUCORPIndustryMarket
7 Day-5.6%-0.07%0.2%
30 Day-9.7%-7.2%-5.8%
90 Day4.8%-11.8%-6.9%
1 Year-55.5%-59.2%-35.8%-38.4%-23.5%-26.5%
3 Year-56.6%-61.1%-18.5%-26.9%-22.4%-30.2%
5 Yearn/a31.4%8.0%7.1%-16.8%

Price Volatility Vs. Market

How volatile is Itaú Corpbanca's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Itaú Corpbanca undervalued compared to its fair value and its price relative to the market?

0.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ITAUCORP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ITAUCORP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ITAUCORP is unprofitable, so we can't compare its PE Ratio to the CL Banks industry average.

PE vs Market: ITAUCORP is unprofitable, so we can't compare its PE Ratio to the CL market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ITAUCORP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ITAUCORP is good value based on its PB Ratio (0.5x) compared to the CL Banks industry average (1.2x).


Next Steps

Future Growth

How is Itaú Corpbanca forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

94.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITAUCORP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.2%).

Earnings vs Market: ITAUCORP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ITAUCORP's is expected to become profitable in the next 3 years.

Revenue vs Market: ITAUCORP's revenue (10.3% per year) is forecast to grow faster than the CL market (6.8% per year).

High Growth Revenue: ITAUCORP's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ITAUCORP's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has Itaú Corpbanca performed over the past 5 years?

-21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITAUCORP is currently unprofitable.

Growing Profit Margin: ITAUCORP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ITAUCORP is unprofitable, and losses have increased over the past 5 years at a rate of 21.2% per year.

Accelerating Growth: Unable to compare ITAUCORP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ITAUCORP is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-11.3%).


Return on Equity

High ROE: ITAUCORP has a negative Return on Equity (-26.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Itaú Corpbanca's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ITAUCORP's Assets to Equity ratio (14.9x) is moderate.

Allowance for Bad Loans: ITAUCORP has a low allowance for bad loans (36%).

Low Risk Liabilities: 51% of ITAUCORP's liabilities are made up of primarily higher risk sources of funding.

Loan Level: ITAUCORP has an appropriate level of Loans to Assets ratio (60%).

Low Risk Deposits: ITAUCORP's Loans to Deposits ratio (131%) is high.

Level of Bad Loans: ITAUCORP has a high level of bad loans (9.4%).


Next Steps

Dividend

What is Itaú Corpbanca current dividend yield, its reliability and sustainability?

3.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ITAUCORP's dividend (3.27%) is higher than the bottom 25% of dividend payers in the CL market (2.33%).

High Dividend: ITAUCORP's dividend (3.27%) is low compared to the top 25% of dividend payers in the CL market (6.06%).


Stability and Growth of Payments

Stable Dividend: ITAUCORP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ITAUCORP has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: ITAUCORP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ITAUCORP's dividends in 3 years are forecast to be well covered by earnings (25.2% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Gabriel de Moura (44 yo)

0.67

Tenure

Mr. Gabriel Amado De Moura had been Corporate Finance Manager at Itaú CorpBanca since 2016 had been its Corporate Manager of Planning and Financial Control since April 1, 2016. Mr. De Moura joined Itaú Uni ...


Leadership Team

NamePositionTenureCompensationOwnership
Gabriel de Moura
Chief Executive Officer0.67yrno datano data
Rodrigo Luis Couto
Chief Financial Officer0.083yrno datano data
Jorge Novis Neto
Corporate Director of Operations2.42yrsno datano data
Claudia Labbé Montevecchi
Head of Investor Relationsno datano datano data
Cristián Toro Cañas
General Counsel4.25yrsno datano data
Cristobal Soto
Chief Compliance Officer2.17yrsno datano data
Luciana Hildebrandi Marchione
Corporate Director of Marketing & Products1.67yrsno datano data
Marcela Leonor Jiménez Pardo
Corporate Director of People & Management Performance4.42yrsno datano data
Mauricio Baeza Letelier
Chief Risk Officer4yrsno datano data
Emerson Bastian Vergara
Chief Audit Officer3.42yrsno datano data
Adriano Fernandes
Wholesale Risk Managerno datano datano data
Pedro Silva Yrarrázaval
Corporate Director of Treasury4.42yrsno datano data

2.9yrs

Average Tenure

45yo

Average Age

Experienced Management: ITAUCORP's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jorge Selume Zaror
Director19.33yrsno datano data
Jorge Andrés Saieh Guzmán
Chairman of the Board8.58yrsno datano data
Fernando Aguad Dagach
Director24.25yrsno datano data
Caio Ibrahim David
Director1.67yrsno datano data
Fernando Concha Ureta
Independent Director4.42yrsno datano data
Ricardo Villela Marino
Vice Chairman of the Board4.42yrsno datano data
Gustavo Arriagada Morales
Independent Director10yrsno datano data
Milton Maluhy Filho
Director1.67yrsno datano data
Pedro Samhan Escandar
Independent Director4yrsno datano data
Bernard Pasquier
Independent Director3.33yrsno datano data
Diego Fresco Gutiérrez
Alternate Director2.5yrsno datano data
Rogério Braga
Director0.42yrno datano data

4.2yrs

Average Tenure

60yo

Average Age

Experienced Board: ITAUCORP's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Itaú Corpbanca's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Itaú Corpbanca
  • Ticker: ITAUCORP
  • Exchange: SNSE
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: CL$1.166t
  • Shares outstanding: 512.41b
  • Website: https://banco.itau.cl

Number of Employees


Location

  • Itaú Corpbanca
  • Rosario Norte 660
  • Las Condes
  • Santiago
  • Region Metropolitana (Santiago)
  • Chile

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITAUCORPSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPApr 2016
ITCBNYSE (New York Stock Exchange)SPONSORED ADRUSUSDApr 2016

Biography

Itaú Corpbanca provides wholesale and retail banking services to large and medium-sized companies, individuals, and institutional clients in Chile and Colombia. The company offers checking and savings acco ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 11:07
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.