Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €47.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €80.27 per share. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Alejandro Christian Zavala was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 01
Intercorp Financial Services Inc. Approves Dividend Distribution for the Fiscal Year 2025, Payable on May 5, 2026 Intercorp Financial Services Inc. at the AGM held on March 31, 2026 approved Dividend Distribution for the fiscal year 2025. For the year, the company resolved to distribute USD 1.80 (One and 80/100 US Dollars) per share in circulation as dividend on the 2025 net profits. The total amount of dividends which will be distributed by IFS will be USD 207,796,869.00, equivalent to PEN 723,964,291.60 based on exchange rate of PEN 3.484 per dollar. The company set April 24, 2026 as Record Date, and May 5, 2026 as Payment Date. Tillkännagivande • Mar 24
Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2026 Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2026, at 09:30 SA Pacific Standard Time. Tillkännagivande • Apr 10
Intercorp Financial Services Inc. Announces Audit Committee Changes, Effective April 9, 2025 Intercorp Financial Services Inc. notified, as a Material Event, that in a virtual session held on April 9, 2025, IFS’ Board of Directors unanimously approved, effective immediately, to appoint Ms. Cayetana Aljovín Gazzani as a new member of IFS' Audit Committee, replacing Mr. Alfonso Bustamante y Bustamante. Ms. Aljovín is independent under Rule 10A-3 of the Securities Exchange Act and has submitted to IFS her independence declaration. Therefore, IFS' Audit Committee is composed by the following Board members: (a) Mr. Felipe Morris Guerinoni, (b) Mr. Guillermo Martínez Barros, and (c) Ms. Cayetana Aljovín Gazzani. Tillkännagivande • Apr 04
Intercorp Financial Services Inc. announces Annual dividend, payable on May 05, 2025 Intercorp Financial Services Inc. announced Annual dividend of USD 1.0000 per share payable on May 05, 2025, ex-date on April 24, 2025 and record date on April 24, 2025. Tillkännagivande • Mar 19
Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2025 Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2025, at 16:30 Coordinated Universal Time. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: S/3.39 (vs S/1.69 in 3Q 2023) Third quarter 2024 results: EPS: S/3.39 (up from S/1.69 in 3Q 2023). Revenue: S/1.26b (up 39% from 3Q 2023). Net income: S/387.9m (up 100% from 3Q 2023). Profit margin: 31% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: S/2.49 (vs S/2.85 in 2Q 2023) Second quarter 2024 results: EPS: S/2.49 (down from S/2.85 in 2Q 2023). Revenue: S/1.10b (down 2.2% from 2Q 2023). Net income: S/284.5m (down 14% from 2Q 2023). Profit margin: 26% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: S/1.22 (vs S/2.30 in 1Q 2023) First quarter 2024 results: EPS: S/1.22 (down from S/2.30 in 1Q 2023). Revenue: S/878.1m (down 19% from 1Q 2023). Net income: S/140.2m (down 47% from 1Q 2023). Profit margin: 16% (down from 25% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 04
Dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 17th April 2024 Payment date: 29th April 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (44% payout ratio) and is expected to be well covered in 3 years' time (41% forecast payout ratio). The dividend has increased over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: S/9.33 (vs S/14.45 in FY 2022) Full year 2023 results: EPS: S/9.33 (down from S/14.45 in FY 2022). Revenue: S/4.09b (down 14% from FY 2022). Net income: S/1.07b (down 36% from FY 2022). Profit margin: 26% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Non-performing loans: 3.42% (up from 2.90% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €25.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.98 per share. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: S/9.33 (vs S/14.39 in FY 2022) Full year 2023 results: EPS: S/9.33 (down from S/14.39 in FY 2022). Revenue: S/4.10b (down 15% from FY 2022). Net income: S/1.07b (down 35% from FY 2022). Profit margin: 26% (down from 34% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: S/1.69 (vs S/5.29 in 3Q 2022) Third quarter 2023 results: EPS: S/1.69 (down from S/5.29 in 3Q 2022). Revenue: S/898.4m (down 38% from 3Q 2022). Net income: S/193.8m (down 68% from 3Q 2022). Profit margin: 22% (down from 42% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 07
IFS Appoints André Robberts as President for Southern & Western Europe & Latam IFS announces the appointment of André Robberts as the new regional President for Southern and Western Europe and LATAM. Robberts will be taking over from current president Marc Genevois, who will move to a new role as Global President of Strategic Initiatives. These appointments underpin the company's goal to cement its lead in ERP, EAM, FSM, and ESM in its key markets and be a partner of choice for large global companies in its core industries. The appointment of Robberts, who is moving from Oracle and his post of COO EMEA North to IFS, is evidence that the company's consistent performance, industry accolades and increasing visibility is attracting highly experienced and seasoned senior talent to build on the exceptional results of the first half of 2023. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: S/2.85 (vs S/2.16 in 2Q 2022) Second quarter 2023 results: EPS: S/2.85 (up from S/2.16 in 2Q 2022). Revenue: S/1.08b (up 8.5% from 2Q 2022). Net income: S/329.0m (up 32% from 2Q 2022). Profit margin: 30% (up from 25% in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 21
Intercorp Financial Services Inc. agreed to acquire Poka Inc. Intercorp Financial Services Inc. entered into an agreement to acquire Poka Inc. on June 20, 2023. The acquisition puts IFS at the nexus of this trend as it now combines its ERP / FSM / EAM technology with Poka and extends its value all the way to the actual user empowering them at every step. IFS extends capabilities with Poka connected worker technology to empower factory and field workers to work smarter, safer and drive productivity and efficiency. IFS expects the acquisition of Poka to complete in third quarter of 2023. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: S/2.30 (vs S/3.47 in 1Q 2022) First quarter 2023 results: EPS: S/2.30 (down from S/3.47 in 1Q 2022). Revenue: S/1.16b (up 3.7% from 1Q 2022). Net income: S/265.1m (down 34% from 1Q 2022). Profit margin: 23% (down from 36% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 20
Upcoming dividend of US$1.18 per share at 4.9% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.9%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: S/14.39 (vs S/15.51 in FY 2021) Full year 2022 results: EPS: S/14.39 (down from S/15.51 in FY 2021). Revenue: S/4.83b (up 4.4% from FY 2021). Net income: S/1.66b (down 7.2% from FY 2021). Profit margin: 34% (down from 39% in FY 2021). The decrease in margin was driven by higher expenses. Non-performing loans: 2.90% (down from 3.48% in FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: S/14.39 (vs S/15.51 in FY 2021) Full year 2022 results: EPS: S/14.39 (down from S/15.51 in FY 2021). Revenue: S/4.85b (up 4.8% from FY 2021). Net income: S/1.66b (down 7.2% from FY 2021). Profit margin: 34% (down from 39% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Non-Executive Director John Walsh was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: S/5.29 (vs S/4.76 in 3Q 2021) Third quarter 2022 results: EPS: S/5.29 (up from S/4.76 in 3Q 2021). Revenue: S/1.49b (up 18% from 3Q 2021). Net income: S/610.7m (up 11% from 3Q 2021). Profit margin: 41% (down from 44% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 13
IFS Delivers Connected Operations for Global Enterprises with October 2022 Release of Ifs Cloud IFS, has announced the October 2022 release of its cloud-based solution, IFS Cloud. In this second communication from its global community event, IFS UNLEASHED, the company details new capabilities that will help global companies connect operations across sites, functions, people, and assets. The 2022 autumn release is the second in IFS's bi-annual release cycle and brings to customers new features and capabilities that further strengthen their ability to compete and scale globally. As companies face pressures to reduce complexity and operate consistently across their entire business, they need capabilities that help them serve customers faster, reduce downtime, and meet compliance requirements. Highlights of the new capabilities include: Visualize global transactions: Manage and visualize operations across multiple currency rates. Improve productivity in currency exchange tasks with the ability to import currency rates automatically to save time in currency exchange. [Finance] Manage global absence limitations: Set and manage absence limits based on each country's absence requirements, providing HR teams with a full absence view from multiple countries.[Human Capital Management] Secondment for work tasks: Define employees in the record of one company and make them available as employees and resources in other companies. Allow joint ventures, subsidiaries, and inter-company processing to reduce HR administration and simplify technician task reporting. [Enterprise Asset Management] Reduce the risk of contract start delays: Initiate the procurement process for parts in one legal entity and conclude it in another. The cost of part replenishment transfers from the asset-owning company to a different company. Enable Maintenance and Procurement Managers to prepare for operations in new legal entities earlier by managing the transition between contracts. [Enterprise Asset Management] Deliver service more efficiently: Manage a portfolio of repeatable installed products and assets of increasing complexity. Deliver service efficiently in high-volume asset and product service scenarios. [Service Management] Expand shift planning capabilities: Ensure the right resources, with the right skills, are available for scheduling, including on-call scenarios, with enhancements to the dispatch console for managing in-flight work. [Service Management] Reallocate field technician jobs: Let dispatchers locate and communicate with the field technicians more easily to reallocate jobs when needed. Identify and resolve any issues to ensure service levels are achieved. [Service Management] Reduce aircraft turn-around-time: Reduce turn-around time with the introduction of a new solution for MRO Service Providers performing third-party line maintenance and other customers that have aircraft requiring maintenance. Reduce the time of aircraft maintenance work and increase compliance in line with customer requirements. [Aviation Maintenance] In combination, these new capabilities offer organizations increased operational efficiency and process optimization, which is crucial to global enterprises' growth. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: S/2.16 (vs S/3.93 in 2Q 2021) Second quarter 2022 results: EPS: S/2.16 (down from S/3.93 in 2Q 2021). Revenue: S/1.03b (down 5.2% from 2Q 2021). Net income: S/248.9m (down 45% from 2Q 2021). Profit margin: 24% (down from 42% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 22%, compared to a 16% growth forecast for the Banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 07
Intercorp Financial Services Inc. (BVL:IFS) signed a definitive agreement to acquire Ultimo Software Solutions BV. Intercorp Financial Services Inc. (BVL:IFS) signed a definitive agreement to acquire Ultimo Software Solutions BV on July 5, 2022. IFS expects the acquisition of ULTIMO to complete in Q3 2022. Tillkännagivande • Jul 05
IFS Appoints Mark Moffat as Chief Customer Officer IFS announced the appointment of Mark Moffat as Chief Customer Officer. In his role, Moffat will ensure that all aspects of IFS's Customer Experience and Success Services strategy support the growth plans of the company, specifically in relation to customers' experience with IFS and in realizing value from IFS's technology in their business with IFS Success Services. Creating outstanding Moments of ServiceTM for its customers has been the company's true north since its inception Moffat's appointment shows the company's unwavering commitment to this goal. IFS has created momentum by being recognized as a Gartner Peer Insights Customer Choice across a number of categories over the years, demonstrating that its strategy is paying off. Moffat brings to IFS a wealth of experience working with customers across multiple sectors in some of the largest global multinationals, advising on technology strategy, M&A, and business transformation. In his most recent role, as CTO and UK & EMEA Technology Consulting Leader for PwC, Moffat was responsible for bringing technology at the heart of the PWC organization across service lines, sectors and markets. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Ramón Guillermo Martínez Barros was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Ramón Guillermo Martínez Barros was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: S/15.51 (vs S/3.32 in FY 2020) Full year 2021 results: EPS: S/15.51 (up from S/3.32 in FY 2020). Revenue: S/4.63b (up 105% from FY 2020). Net income: S/1.79b (up 367% from FY 2020). Profit margin: 39% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.10% (down from 4.50% in FY 2020). Cost-to-income ratio: 34.7% (up from 32.2% in FY 2020). Non-performing loans: 3.48% (up from 3.26% in FY 2020). Over the next year, revenue is forecast to grow 14%, compared to a 8.1% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 20
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (6.3%). Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: S/15.51 (up from S/3.32 in FY 2020). Revenue: S/4.63b (up 105% from FY 2020). Net income: S/1.79b (up 367% from FY 2020). Profit margin: 39% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 3.48% (up from 3.26% in FY 2020). Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 12%, compared to a 8.9% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: S/15.51 (up from S/3.32 in FY 2020). Revenue: S/4.65b (up 106% from FY 2020). Net income: S/1.79b (up 367% from FY 2020). Profit margin: 39% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.65 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 20 December 2021. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.4%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS S/4.76 (vs S/2.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: S/1.32b (up 60% from 3Q 2020). Net income: S/549.4m (up 73% from 3Q 2020). Profit margin: 42% (up from 38% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS S/3.93 (vs S/4.12 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and profit margins, although earnings were improved. Second quarter 2021 results: Revenue: S/1.14b (down 808% from 2Q 2020). Net income: S/453.4m (up S/906.9m from 2Q 2020). Profit margin: 40% (down from 282% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jun 12
Intercorp Financial Services Inc. (BVL:IFS) completed the acquisition of Axios Systems plc. Intercorp Financial Services Inc. (BVL:IFS) signed a definitive agreement to acquire Axios Systems plc on March 22, 2021. Axios applications will eventually be included in IFS Cloud, but will remain standalone for now, according to Darren Roos, Chief Executive Officer of IFS. The name Axios Systems will eventually be retired, and the company will become IFS ESM. The current management team of Axios Systems plc will remain with the company. Axios Systems plc will retain its headquarters in Edinburgh. Transaction is expected to complete in the second quarter of 2021.
Intercorp Financial Services Inc. (BVL:IFS) completed the acquisition of Axios Systems plc on June 10, 2021. Mark Howard, Jamie McMurray, Amy Shuttleworth, Mark Bailey, Andy Williams and Helen Coward of Charles Russell Speechlys LLP acted as legal advisor to Intercorp Financial Services. Reported Earnings • May 14
First quarter 2021 earnings released: EPS S/4.56 (vs S/1.24 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: S/1.16b (up 56% from 1Q 2020). Net income: S/526.3m (up 267% from 1Q 2020). Profit margin: 45% (up from 19% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 17% share price gain to S/23.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.15 per share. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to S/21.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.80 per share. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 27 April 2021. Payment date: 06 May 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 20
Full year 2020 earnings released: EPS S/3.32 (vs S/12.78 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S/2.40b (down 38% from FY 2019). Net income: S/383.3m (down 73% from FY 2019). Profit margin: 16% (down from 37% in FY 2019). Non-performing loans: 3.26% (up from 2.47% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 20
Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2021 Intercorp Financial Services Inc., Annual General Meeting, Mar 31, 2021, at 14:00 Coordinated Universal Time. Agenda: To consider 2020 results presentation; to consider approval of the annual report for the fiscal year 2020; to consider approval of the audited separate and consolidated financial statements for the fiscal year 2020; to consider approval of net profit allocation and dividend distribution for the fiscal year 2020; to consider approval of 2021 dividend policy; to consider delegation of powers to the audit committee of the board of directors to approve the designation of the external auditors and determination of their compensation for IFS and its subsidiaries for the fiscal year 2021; to consider election of the members of the board of directors for the 2021-2023 period; to consider approval of the remuneration payable to board of directors members and audit committee members for the 2021-2023 period; and to consider approval of power of attorney to formalize the decisions taken at the 2021 ASM. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS S/3.32 (vs S/12.78 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S/2.40b (down 38% from FY 2019). Net income: S/383.3m (down 73% from FY 2019). Profit margin: 16% (down from 37% in FY 2019). Non-performing loans: 3.26% (up from 2.47% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 10
Intercorp Financial Services Inc. to Report Q4, 2020 Results on Feb 11, 2021 Intercorp Financial Services Inc. announced that they will report Q4, 2020 results After-Market on Feb 11, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: €26.00 The company is up 31% from its price of €19.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.61 per share. Valuation Update With 7 Day Price Move • Nov 28
Market bids up stock over the past week After last week's 16% share price gain to S/25.00, the stock is trading at a trailing P/E ratio of 29.8x, up from the previous P/E ratio of 25.8x. This compares to an average P/E of 11x in the Banks industry in Europe. Total return to shareholders over the past three years is a loss of 8.2%. Tillkännagivande • Nov 26
IFS and Procore Partnership Brings Added Value to the North American Construction Industry The new integration brings together the technology of construction project management software provider, Procore, and IFS, the global enterprise applications company, to extend the native capabilities of IFS for construction to offer full project lifecycle support to joint customers in the construction industry. The IFS and Procore partnership empowers construction companies to easily synchronize data and seamlessly generate transactions across the platforms. From supplier management to cost forecasting, the integration gives users complete control and visibility to manage every stage of the construction project, on budget and on time. Construction companies can leverage the integration to: Improve visibility: Real-time view of projects with data exchange between Procore and IFS; Ensure accuracy: Eliminate costly errors due to double entry, allowing project teams to make more accurate, informed decisions; Mitigate risk: Improve decision-making with access to a real-time view of projects anytime, anywhere, on any device. Is New 90 Day High Low • Nov 20
New 90-day high: €21.60 The company is up 2.0% from its price of €21.20 on 21 August 2020. The German market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.91 per share. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 19% share price gain to S/20.20, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 11x in the Banks industry in Europe. Total return to shareholders over the past three years is a loss of 27%. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS S/2.63 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: S/689.6m (down 27% from 3Q 2019). Net income: S/317.4m (down 4.5% from 3Q 2019). Profit margin: 46% (up from 35% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Nov 08
Intercorp Financial Services Inc. to Report Q3, 2020 Results on Nov 12, 2020 Intercorp Financial Services Inc. announced that they will report Q3, 2020 results at 5:00 PM, SA Pacific Standard Time on Nov 12, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: €18.40 The company is down 10.0% from its price of €20.40 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.88 per share.