Credicorp (NYSE:BAP): Reviewing Valuation After a Strong Recent Share Price Rally

Credicorp (NYSE:BAP) has quietly delivered a strong run, with shares up roughly 7% over the past month and about 50% this year, far outpacing many regional financial peers.

See our latest analysis for Credicorp.

That climb has not come out of nowhere. The stock’s roughly 50 percent year to date share price return and triple digit multi year total shareholder returns suggest investors are steadily reassessing its growth profile and risk backdrop.

If Credicorp’s momentum has caught your eye, it could be a good moment to explore other resilient financial names and discover fast growing stocks with high insider ownership.

With profits rising, a hefty intrinsic discount implied, and the share price edging closer to analyst targets, the real question now is whether Credicorp still trades below fair value or if the market is already pricing in its next leg of growth.

Most Popular Narrative: 8% Undervalued

Compared with Credicorp’s last close at $277, the most widely followed narrative sees fair value closer to $301, framing the recent rally as still leaving upside on the table.

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 how steady growth, fatter margins, and a lower future earnings multiple can still justify a higher price tag? The full narrative walks through the projections driving that conclusion in detail.

Result: Fair Value of $300.97 (UNDERVALUED)

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

However, this outlook could be challenged if Peru’s political or regulatory environment deteriorates, or if Yape’s rapid credit expansion weakens asset quality.

Find out about the key risks to this Credicorp narrative.

Build Your Own Credicorp Narrative

If you see the story playing out differently or want to test your own assumptions against the numbers, you can build a custom view in just a few minutes: Do it your way.

A great starting point for your Credicorp research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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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.

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