Credicorp Ltd. (NYSE:BAP) Tightens Capital Policy And Prepares For Near-Term Payouts

Board-level reallocations and an authorized supplemental dividend position capital returns as a near-term focal point, while recent price momentum shows mixed directional signals.

Recent News

On February 26, 2026 the board approved transfers from retained earnings to reserves and authorized an additional dividend distribution from reserves; the board also updated the company’s dividend policy. The company set a shareholder record date of February 13, 2026 and confirmed a virtual Annual General Meeting for March 31, 2026; documentation for the meeting appeared publicly ahead of that date. Corporate filings and investor documents reflecting these actions published in February 2026.

Technical Analysis

ADX at 19.4 indicates no established trend; this weak trend reading reduces conviction behind directional moves and tempers the valuation-driven outlook.

Directional indicators show bullish structural shifts: DI+ registered 21.27 with a dip-and-reversal (bullish), while DI- registered 23.90 with a peak-and-reversal (bullish); those readings imply improving directional balance that supports stabilization around current valuation levels.

MACD sits at 0.60 with a decreasing MACD_trend and a signal line at 3.26; the falling MACD below its signal line indicates prevailing bearish momentum, which could pressure short-term price action despite the DI readings.

MRO at 15.52 (positive) signals price above the model target and a potential for mean reversion downward; the magnitude suggests moderate pressure toward price compression that would interact with valuation-based support zones.

RSI at 58.69 and decreasing points to waning upside momentum while remaining below overbought extremes; this aligns with the MACD signal and argues for a consolidation phase rather than a fresh breakout.

Price sits below the 20-day average ($343.02) but above the 50-day average ($334.32) and well above the 200-day average ($270.12), creating a structure of short-term resistance near the 20-day and longer-term support at the 50/200-day levels; the 12-day EMA ( $339.81, decreasing) and 26-day EMA ($340.32) both exceed the close ($337.61), reinforcing short-term resistance.

Bollinger bands show a 1x upper band at $353.42 and lower at $332.62 with the close near the middle band, implying a neutral intraday range and limited volatility expansion; Ichimoku Tenkan at $340.26 and Kijun at $349.17 sit above price and act as overhead technical resistance.

Volume on the latest session (164,430) trails 10/50/200-day averages, indicating low conviction in the recent move; tempered volume lowers the likelihood that momentum signals will decisively alter the current fair-valued posture.

 


Fundamental Analysis

Reported EPS came in at $5.93 versus an estimate of $6.45, an EPS surprise of -8.06%, and an EPS difference of -$0.52. Trailing P/E stands at 52.10 while forward P/E equals 33.21; the current P/E sits below the industry peer mean of 61.57 and median of 61.87, and above the industry peer low of 37.24, which supports the current fair-valued assessment by WMDST.

Earnings growth shows weakness: latest earnings growth is -8.35% overall, with quarter-over-quarter earnings down -9.92% and year-over-year earnings down -68.49%; those declines reduce near-term fundamental upside relative to valuation metrics.

Revenue dynamics contain mixed signals: period revenue growth reads 0.59% while year-over-year revenue growth measures -38.49%, highlighting material base effects or one-off items that compressed top-line comparisons and weakened operating leverage in the most recent annual comparison.

Forward EPS equals $8.04 and forward PEG sits at -3.98; the current PEG of -6.24 lies below the industry peer mean of -3.60 and median of -2.44, and above the industry peer low of -8.69, indicating a more negative growth-to-valuation relationship than peers despite a lower forward P/E.

Cash conversion and capital structure notes: cash flow to earnings shows $0.00 in the reported metric; invested capital reported at $-60,612,382,000 (negative as presented); cost of debt equals 3.95%. Those items warrant monitoring for capital-allocation sustainability given the board’s reserve transfers and supplemental dividend authorization.

WMDST values the stock as fair-valued; the valuation reflects a forward P/E that undercuts the industry peer mean/median but coexists with sharply negative YoY earnings and revenue comparisons that justify a neutral valuation stance.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-12-31
REPORT DATE: 2026-02-11
NEXT REPORT DATE: 2026-05-13
CASH FLOW  Begin Period Cash Flow —
 Operating Cash Flow —
 Capital Expenditures —
 Change In Working Capital —
 Dividends Paid —
 Cash Flow Delta —
 End Period Cash Flow —
 
INCOME STATEMENT REVENUE
 Total Revenue —
 Forward Revenue —
COSTS
 Cost Of Revenue —
 Depreciation —
 Depreciation and Amortization —
 Research and Development —
 Total Operating Expenses —
PROFITABILITY
 Gross Profit —
 EBITDA —
 EBIT —
 Operating Income —
 Interest Income —
 Interest Expense —
 Net Interest Income —
 Income Before Tax —
 Tax Provision —
 Tax Rate —
 Net Income —
 Net Income From Continuing Operations —
EARNINGS
 EPS Estimate $ 6.45
 EPS Actual $ 5.93
 EPS Difference $ -0.52
 EPS Surprise -8.062 %
 Forward EPS $ 8.04
 
BALANCE SHEET ASSETS
 Total Assets —
 Intangible Assets —
 Net Tangible Assets —
 Total Current Assets —
 Cash and Short-Term Investments —
 Cash —
 Net Receivables —
 Inventory —
 Long-Term Investments —
LIABILITIES
 Accounts Payable —
 Short-Term Debt —
 Total Current Liabilities —
 Net Debt —
 Total Debt —
 Total Liabilities —
EQUITY
 Total Equity —
 Retained Earnings —
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share —
 Shares Outstanding —
 Revenue Per-Share —
VALUATION
 Market Capitalization —
 Enterprise Value —
 Enterprise Multiple —
Enterprise Multiple QoQ —
Enterprise Multiple YoY —
Enterprise Multiple IPRWA —
 EV/R —
CAPITAL STRUCTURE
 Asset To Equity —
 Asset To Liability —
 Debt To Capital —
 Debt To Assets —
Debt To Assets QoQ —
Debt To Assets YoY —
Debt To Assets IPRWA —
 Debt To Equity —
Debt To Equity QoQ —
Debt To Equity YoY —
Debt To Equity IPRWA —
PRICE-BASED VALUATION
 Price To Book (P/B) —
Price To Book QoQ —
Price To Book YoY —
Price To Book IPRWA —
 Price To Earnings (P/E) 52.097
Price To Earnings QoQ 32.241 %
Price To Earnings YoY 297.183 %
Price To Earnings IPRWA high: 87.915
median: 61.871
mean: 61.572
BAP: 52.097
low: 37.244
 PE/G Ratio -6.242
 Price To Sales (P/S) —
Price To Sales QoQ —
Price To Sales YoY —
Price To Sales IPRWA —
FORWARD MULTIPLES
Forward P/E 33.214
Forward PE/G -3.98
Forward P/S —
EFFICIENCY OPERATIONAL
 Operating Leverage —
ASSET & SALES
 Asset Turnover Ratio —
Asset Turnover Ratio QoQ —
Asset Turnover Ratio YoY —
Asset Turnover Ratio IPRWA —
 Receivables Turnover —
Receivables Turnover Ratio QoQ —
Receivables Turnover Ratio YoY —
Receivables Turnover Ratio IPRWA —
 Inventory Turnover —
Inventory Turnover Ratio QoQ —
Inventory Turnover Ratio YoY —
Inventory Turnover Ratio IPRWA —
 Days Sales Outstanding (DSO) —
CASH CYCLE
 Cash Conversion Cycle Days (CCC) —
Cash Conversion Cycle Days QoQ —
Cash Conversion Cycle Days YoY —
Cash Conversion Cycle Days IPRWA high: 83.413
mean: 13.496
low: 10.154
median: 10.154
BAP: 0
CAPITAL DEPLOYMENT
 Cash Conversion Ratio —
 CapEx To Revenue —
 CapEx To Depreciation —
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital —
 Net Invested Capital —
 Invested Capital $ -60.61 B
 Net Tangible Assets —
 Net Working Capital —
LIQUIDITY
 Cash Ratio —
 Current Ratio —
Current Ratio QoQ —
Current Ratio YoY —
Current Ratio IPRWA —
 Quick Ratio —
Quick Ratio QoQ —
Quick Ratio YoY —
Quick Ratio IPRWA —
COVERAGE & LEVERAGE
 Debt To EBITDA —
 Cost Of Debt 3.948 %
 Interest Coverage Ratio —
Interest Coverage Ratio QoQ —
Interest Coverage Ratio YoY —
Interest Coverage Ratio IPRWA —
 Operating Cash Flow Ratio —
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO) —
DIVIDENDS
 Dividend Coverage Ratio —
 Dividend Payout Ratio —
 Dividend Rate —
 Dividend Yield —
PERFORMANCE GROWTH
 Asset Growth Rate —
 Revenue Growth 0.585 %
Revenue Growth QoQ 0.0 %
Revenue Growth YoY -38.486 %
Revenue Growth IPRWA high: 5.65 %
mean: 2.764 %
median: 2.596 %
BAP: 0.585 %
low: -1.639 %
 Earnings Growth -8.346 %
Earnings Growth QoQ -991.667 %
Earnings Growth YoY -68.489 %
Earnings Growth IPRWA high: 12.184 %
BAP: -8.346 %
median: -8.679 %
mean: -16.218 %
low: -45.133 %
MARGINS
 Gross Margin —
Gross Margin QoQ —
Gross Margin YoY —
Gross Margin IPRWA —
 EBIT Margin —
EBIT Margin QoQ —
EBIT Margin YoY —
EBIT Margin IPRWA —
 Return On Sales (ROS) —
Return On Sales QoQ —
Return On Sales YoY —
Return On Sales IPRWA —
CASH FLOW
 Free Cash Flow (FCF) —
 Free Cash Flow Yield —
Free Cash Flow Yield QoQ —
Free Cash Flow Yield YoY —
Free Cash Flow Yield IPRWA —
 Free Cash Growth —
Free Cash Growth QoQ —
Free Cash Growth YoY —
Free Cash Growth IPRWA —
 Free Cash To Net Income —
 Cash Flow Margin —
 Cash Flow To Earnings 0.0
VALUE & RETURNS
 Economic Value Added —
 Return On Assets (ROA) —
Return On Assets QoQ —
Return On Assets YoY —
Return On Assets IPRWA —
 Return On Capital Employed (ROCE) —
 Return On Equity (ROE) —
Return On Equity QoQ —
Return On Equity YoY —
Return On Equity IPRWA —
 DuPont ROE —
 Return On Invested Capital (ROIC) —
Return On Invested Capital QoQ —
Return On Invested Capital YoY —
Return On Invested Capital IPRWA —

Six-Week Outlook

Expectation centers on range-bound action with asymmetric risk: near-term resistance clusters sit around the 12/26-day EMAs, the 20-day average, and Ichimoku Kijun (~$349), while supports appear nearer the 50-day average (~$334) and the lower Bollinger band (~$332.60). Conflicting signals—bullish DI shifts versus bearish MACD and a positive MRO—favor consolidation with episodic downward pressure. Low volume reduces the probability of a sustained breakout; corporate catalysts tied to the recent board actions and the March 31, 2026 virtual AGM may increase intraperiod volatility as investors reassess capital-allocation details.

About Credicorp Ltd.

Credicorp Ltd. (NYSE:BAP) represents a prominent financial services group headquartered in Lima, Peru, with roots tracing back to 1889. The company delivers a comprehensive suite of financial services through its four primary segments: Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management. Within the Universal Banking segment, Credicorp provides a range of services including loans, credit facilities, and deposit accounts for both individual and corporate clients. The Insurance and Pensions division offers extensive insurance coverage, addressing needs in commercial property, transport, life, and health, while also managing private pension funds. The Microfinance segment supports small and microenterprises by providing customized loan solutions and financial management services to foster growth and sustainability. In the Investment Banking and Equity Management sector, Credicorp offers brokerage and investment management services, facilitating capital market transactions and managing mutual funds for a diverse clientele, including corporations and institutional investors. Credicorp’s strategic approach and dedication to service excellence have positioned it as a reliable financial partner, promoting economic growth and financial inclusion both in Peru and internationally.



© 2026 WMDST — The World’s Most Dangerous Swing Trader. All rights reserved.