Intercorp Financial Services Future Growth

Future criteria checks 4/6

Intercorp Financial Services is forecast to grow earnings and revenue by 29.9% and 15.9% per annum respectively. EPS is expected to grow by 29.9% per annum. Return on equity is forecast to be 16.6% in 3 years.

Key information

29.9%

Earnings growth rate

29.9%

EPS growth rate

Banks earnings growth	13.3%
Revenue growth rate	15.9%
Future return on equity	16.6%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BVL:IFS - Analysts future estimates and past financials data (PEN Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	7,127	2,100	N/A	N/A	4
12/31/2025	6,498	1,804	N/A	N/A	4
12/31/2024	5,949	1,215	N/A	N/A	4
9/30/2024	4,166	1,097	-1,768	-1,403	N/A
6/30/2024	3,813	903	-698	-299	N/A
3/31/2024	3,892	948	1,320	1,725	N/A
12/31/2023	4,090	1,073	1,944	2,372	N/A
9/30/2023	4,295	1,193	1,529	1,955	N/A
6/30/2023	4,829	1,564	1,281	1,718	N/A
3/31/2023	4,707	1,458	-62	336	N/A
12/31/2022	4,774	1,668	-907	-545	N/A
9/30/2022	4,735	1,524	-247	91	N/A
6/30/2022	4,551	1,509	-695	-407	N/A
3/31/2022	4,629	1,739	-19	266	N/A
1/1/2022	4,632	1,790	-806	-548	N/A
9/30/2021	4,467	1,905	-94	106	N/A
6/30/2021	4,026	1,673	2,039	2,218	N/A
3/31/2021	2,645	766	1,658	1,855	N/A
12/31/2020	2,262	383	3,606	3,855	N/A
9/30/2020	2,313	418	2,677	2,950	N/A
6/30/2020	2,444	433	-1,525	-1,253	N/A
3/31/2020	3,661	1,234	-904	-642	N/A
12/31/2019	3,849	1,441	-2,915	-2,705	N/A
9/30/2019	3,665	1,310	-2,627	-2,414	N/A
6/30/2019	3,575	1,291	-1,133	-909	N/A
3/31/2019	3,426	1,147	-2,879	-2,661	N/A
12/31/2018	3,331	1,084	-3,292	-3,091	N/A
9/30/2018	3,254	1,091	-3,908	-3,715	N/A
6/30/2018	3,183	1,036	N/A	-1,902	N/A
3/31/2018	3,148	1,077	N/A	28	N/A
12/31/2017	3,057	1,027	N/A	896	N/A
9/30/2017	3,173	1,128	N/A	1,150	N/A
6/30/2017	3,127	1,074	N/A	451	N/A
3/31/2017	3,059	1,006	N/A	-449	N/A
1/1/2017	2,898	945	N/A	-212	N/A
9/30/2016	2,719	661	N/A	69	N/A
6/30/2016	2,927	862	N/A	-376	N/A
3/31/2016	3,101	1,031	N/A	-950	N/A
12/31/2015	3,282	1,232	N/A	-512	N/A
9/30/2015	3,267	1,274	N/A	127	N/A
6/30/2015	3,072	1,142	N/A	-50	N/A
3/31/2015	2,922	1,077	N/A	171	N/A
12/31/2014	2,754	949	N/A	-607	N/A
9/30/2014	2,574	825	N/A	-1,852	N/A
6/30/2014	2,781	1,013	N/A	-2,915	N/A
3/31/2014	2,631	900	N/A	-3,011	N/A
12/31/2013	2,613	970	N/A	-3,219	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFS's forecast earnings growth (29.9% per year) is above the savings rate (8.7%).

Earnings vs Market: IFS's earnings (29.9% per year) are forecast to grow faster than the PE market (10.1% per year).

High Growth Earnings: IFS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IFS's revenue (15.9% per year) is forecast to grow faster than the PE market (4% per year).

High Growth Revenue: IFS's revenue (15.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IFS's Return on Equity is forecast to be low in 3 years time (16.6%).

Intercorp Financial Services Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 19%

Consensus EPS estimates fall by 16%

Consensus EPS estimates fall by 19%

Consensus revenue estimates increase by 11%

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 20%, revenue upgraded

Recent updates

Third quarter 2024 earnings released: EPS: S/3.39 (vs S/1.69 in 3Q 2023)

Consensus EPS estimates increase by 19%

Now 21% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: S/2.49 (vs S/2.85 in 2Q 2023)

New minor risk - Share price stability

Consensus EPS estimates fall by 16%

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Dividend of US$1.00 announced

New minor risk - Share price stability

New minor risk - Dividend sustainability

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 19%

Consensus revenue estimates increase by 11%

Now 21% undervalued

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Intercorp Financial Services Inc. to Report Q2, 2024 Results on Aug 12, 2024

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 20%, revenue upgraded

Third quarter 2023 earnings released: EPS: S/1.69 (vs S/5.29 in 3Q 2022)

Now 21% undervalued after recent price drop

IFS Appoints André Robberts as President for Southern & Western Europe & Latam

Now 21% undervalued

Second quarter 2023 earnings released: EPS: S/2.85 (vs S/2.16 in 2Q 2022)

New minor risk - Share price stability

Intercorp Financial Services Inc. agreed to acquire Poka Inc.

First quarter 2023 earnings released: EPS: S/2.30 (vs S/3.47 in 1Q 2022)

Upcoming dividend of US$1.18 per share at 4.9% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings released: EPS: S/14.39 (vs S/15.51 in FY 2021)

Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2023

Now 21% undervalued after recent price drop

Insufficient new directors

Third quarter 2022 earnings released: EPS: S/5.29 (vs S/4.76 in 3Q 2021)

IFS Delivers Connected Operations for Global Enterprises with October 2022 Release of Ifs Cloud

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Intercorp Financial Services Inc. (BVL:IFS) signed a definitive agreement to acquire Ultimo Software Solutions BV.

IFS Appoints Mark Moffat as Chief Customer Officer

Insufficient new directors

Now 22% undervalued after recent price drop

Insufficient new directors

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$1.75 per share

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus forecasts updated

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.65 per share

Third quarter 2021 earnings released: EPS S/4.76 (vs S/2.63 in 3Q 2020)

Investor sentiment improved over the past week

Consensus EPS estimates increase to S/14.76

Second quarter 2021 earnings released: EPS S/3.93 (vs S/4.12 loss in 2Q 2020)

Intercorp Financial Services Inc. (BVL:IFS) completed the acquisition of Axios Systems plc.

Investor sentiment deteriorated over the past week

Intercorp Financial Services Inc. (BVL:IFS) completed the acquisition of Axios Systems plc.

Consensus EPS estimates increase to S/11.64

First quarter 2021 earnings released: EPS S/4.56 (vs S/1.24 in 1Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of US$0.77 per share

Full year 2020 earnings released: EPS S/3.32 (vs S/12.78 in FY 2019)

Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2021

Full year 2020 earnings released: EPS S/3.32 (vs S/12.78 in FY 2019)

Intercorp Financial Services Inc. to Report Q2, 2021 Results on Aug 11, 2021

Intercorp Financial Services Inc. to Report Q4, 2020 Results on Feb 11, 2021

New 90-day high: US$32.60

New 90-day high: US$31.33

Market bids up stock over the past week

IFS and Procore Partnership Brings Added Value to the North American Construction Industry

Analysts update estimates

Market bids up stock over the past week