BAP
Credicorp Ltd.
Banks - Regional
Market Cap$25.92B
5Y Perf.+136.9%
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Stock Comparison
BAP vs ITUB
Revenue, margins, valuation, and 5-year total return — side by side.
ITUB
Itaú Unibanco Holding S.A.
Banks - Regional
Market Cap$93.13B
5Y Perf.+165.7%
BAP vs ITUB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BAP | ITUB |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $25.92B | $93.13B |
| Revenue (TTM) | $27.00B | $384.58B |
| Net Income (TTM) | $6.47B | $44.86B |
| Gross Margin | 64.2% | 34.5% |
| Operating Margin | 29.0% | 13.1% |
| Forward P/E | 3.4x | 1.8x |
| Total Debt | $37.49B | $1.01T |
| Cash & Equiv. | $47.51B | $270.61B |
BAP vs ITUB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BAP
ITUB
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Credicorp Ltd. (BAP) | 100 | 236.9 | +136.9% |
| Itaú Unibanco Holdi… (ITUB) | 100 | 265.7 | +165.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BAP vs ITUB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ITUB leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Credicorp Ltd. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
BAP
Credicorp Ltd.
The Banking Pick
BAP is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.81, current ratio 0.53x
- Beta 0.81, yield 4.0%, current ratio 0.53x
- NIM 5.5% vs ITUB's 1.2%
Best for: sleep-well-at-night and defensive
ITUB
Itaú Unibanco Holding S.A.
The Banking Pick
ITUB carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 4 yrs, beta 1.11, yield 10.1%
- Rev growth 18.0%, EPS growth 4.0%
- 196.3% 10Y total return vs BAP's 179.8%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | ITUB | 18.0% NII/revenue growth vs BAP's 6.4% |
| Value | ITUB | Lower P/E (1.8x vs 3.4x), PEG 0.09 vs 0.65 |
| Quality / Margins | ITUB | Efficiency ratio 0.2% vs BAP's 0.4% (lower = leaner) |
| Stability / Safety | BAP | Beta 0.81 vs ITUB's 1.11, lower leverage |
| Dividends | ITUB | 10.1% yield, 4-year raise streak, vs BAP's 4.0% |
| Momentum (1Y) | BAP | +67.2% vs ITUB's +48.5% |
| Efficiency (ROA) | ITUB | Efficiency ratio 0.2% vs BAP's 0.4% |
BAP vs ITUB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBAPLAGGINGITUB
ITUBItaú Unibanco Holding…
2leads
BAPCredicorp Ltd.
3leads
6 Total Categories
CATEGORYLEADERvs ITUBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BAP5/5
Valuation MetricsMultiples, price ratios, and targets
ITUB6/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BAP8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BAP4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
ITUB2/2
Income & Cash Flow (Last 12 Months)
BAP leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ITUB is the larger business by revenue, generating $384.6B annually — 14.2x BAP's $27.0B. BAP is the more profitable business, keeping 20.4% of every revenue dollar as net income compared to ITUB's 11.7%.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| RevenueTrailing 12 months | $27.0B | $384.6B |
| EBITDAEarnings before interest/tax | $10.4B | $57.6B |
| Net IncomeAfter-tax profit | $6.5B | $44.9B |
| Free Cash FlowCash after capex | $4.6B | $117.6B |
| Gross MarginGross profit ÷ Revenue | +64.2% | +34.5% |
| Operating MarginEBIT ÷ Revenue | +29.0% | +13.1% |
| Net MarginNet income ÷ Revenue | +20.4% | +11.7% |
| FCF MarginFCF ÷ Revenue | +49.7% | +33.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +14.1% | -11.4% |
BAP leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
ITUB leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 10.6x trailing earnings, ITUB trades at a 36% valuation discount to BAP's 16.5x P/E. Adjusting for growth (PEG ratio), ITUB offers better value at 0.52x vs BAP's 3.15x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| Market CapShares × price | $25.9B | $93.1B |
| Enterprise ValueMkt cap + debt − cash | $23.0B | $243.4B |
| Trailing P/EPrice ÷ TTM EPS | 16.48x | 10.62x |
| Forward P/EPrice ÷ next-FY EPS est. | 3.42x | 1.80x |
| PEG RatioP/E ÷ EPS growth rate | 3.15x | 0.52x |
| EV / EBITDAEnterprise value multiple | 9.40x | 20.85x |
| Price / SalesMarket cap ÷ Revenue | 3.35x | 1.20x |
| Price / BookPrice ÷ Book value/share | 2.59x | 2.17x |
| Price / FCFMarket cap ÷ FCF | 6.74x | 3.59x |
ITUB leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
BAP leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
ITUB delivers a 20.6% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $17 for BAP. BAP carries lower financial leverage with a 1.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to ITUB's 4.71x. On the Piotroski fundamental quality scale (0–9), BAP scores 8/9 vs ITUB's 4/9, reflecting strong financial health.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| ROE (TTM)Return on equity | +17.4% | +20.6% |
| ROA (TTM)Return on assets | +2.5% | +1.5% |
| ROICReturn on invested capital | +8.2% | +3.2% |
| ROCEReturn on capital employed | +10.1% | +2.8% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 4 |
| Debt / EquityFinancial leverage | 1.07x | 4.71x |
| Net DebtTotal debt minus cash | -$10.0B | $742.0B |
| Cash & Equiv.Liquid assets | $47.5B | $270.6B |
| Total DebtShort + long-term debt | $37.5B | $1.01T |
| Interest CoverageEBIT ÷ Interest expense | 1.99x | 0.23x |
BAP leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
BAP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BAP five years ago would be worth $30,993 today (with dividends reinvested), compared to $26,251 for ITUB. Over the past 12 months, BAP leads with a +67.2% total return vs ITUB's +48.5%. The 3-year compound annual growth rate (CAGR) favors BAP at 34.3% vs ITUB's 27.7% — a key indicator of consistent wealth creation.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| YTD ReturnYear-to-date | +14.0% | +18.0% |
| 1-Year ReturnPast 12 months | +67.2% | +48.5% |
| 3-Year ReturnCumulative with dividends | +142.4% | +108.2% |
| 5-Year ReturnCumulative with dividends | +209.9% | +162.5% |
| 10-Year ReturnCumulative with dividends | +179.8% | +196.3% |
| CAGR (3Y)Annualised 3-year return | +34.3% | +27.7% |
BAP leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BAP and ITUB each lead in 1 of 2 comparable metrics.
Risk & Volatility
BAP is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than ITUB's 1.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.81x | 1.11x |
| 52-Week HighHighest price in past year | $380.20 | $9.60 |
| 52-Week LowLowest price in past year | $193.13 | $6.05 |
| % of 52W HighCurrent price vs 52-week peak | +85.9% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 42.3 | 45.3 |
| Avg Volume (50D)Average daily shares traded | 363K | 24.3M |
Evenly matched — BAP and ITUB each lead in 1 of 2 comparable metrics.
Analyst Outlook
ITUB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BAP as "Hold" and ITUB as "Buy". Consensus price targets imply 24.9% upside for BAP (target: $408) vs -24.5% for ITUB (target: $6). For income investors, ITUB offers the higher dividend yield at 10.14% vs BAP's 4.04%.
| Metric | BAPCredicorp Ltd. | ITUBItaú Unibanco Hol… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $408.00 | $6.38 |
| # AnalystsCovering analysts | 15 | 12 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +10.1% |
| Dividend StreakConsecutive years of raises | 3 | 4 |
| Dividend / ShareAnnual DPS | $46.03 | $4.23 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.7% |
ITUB leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
BAP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ITUB leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
Best OverallCredicorp Ltd. (BAP)Leads 3 of 6 categories
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BAP vs ITUB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BAP or ITUB a better buy right now?
For growth investors, Itaú Unibanco Holding S.
A. (ITUB) is the stronger pick with 18. 0% revenue growth year-over-year, versus 6. 4% for Credicorp Ltd. (BAP). Itaú Unibanco Holding S. A. (ITUB) offers the better valuation at 10. 6x trailing P/E (1. 8x forward), making it the more compelling value choice. Analysts rate Itaú Unibanco Holding S. A. (ITUB) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BAP or ITUB?
On trailing P/E, Itaú Unibanco Holding S.
A. (ITUB) is the cheapest at 10. 6x versus Credicorp Ltd. at 16. 5x. On forward P/E, Itaú Unibanco Holding S. A. is actually cheaper at 1. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Itaú Unibanco Holding S. A. wins at 0. 09x versus Credicorp Ltd. 's 0. 65x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — BAP or ITUB?
Over the past 5 years, Credicorp Ltd.
(BAP) delivered a total return of +209. 9%, compared to +162. 5% for Itaú Unibanco Holding S. A. (ITUB). Over 10 years, the gap is even starker: ITUB returned +196. 3% versus BAP's +179. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BAP or ITUB?
By beta (market sensitivity over 5 years), Credicorp Ltd.
(BAP) is the lower-risk stock at 0. 81β versus Itaú Unibanco Holding S. A. 's 1. 11β — meaning ITUB is approximately 37% more volatile than BAP relative to the S&P 500. On balance sheet safety, Credicorp Ltd. (BAP) carries a lower debt/equity ratio of 107% versus 5% for Itaú Unibanco Holding S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — BAP or ITUB?
By revenue growth (latest reported year), Itaú Unibanco Holding S.
A. (ITUB) is pulling ahead at 18. 0% versus 6. 4% for Credicorp Ltd. (BAP). On earnings-per-share growth, the picture is similar: Credicorp Ltd. grew EPS 13. 1% year-over-year, compared to 4. 0% for Itaú Unibanco Holding S. A.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BAP or ITUB?
Credicorp Ltd.
(BAP) is the more profitable company, earning 20. 4% net margin versus 11. 7% for Itaú Unibanco Holding S. A. — meaning it keeps 20. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BAP leads at 29. 0% versus 13. 1% for ITUB. At the gross margin level — before operating expenses — BAP leads at 64. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BAP or ITUB more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Itaú Unibanco Holding S. A. (ITUB) is the more undervalued stock at a PEG of 0. 09x versus Credicorp Ltd. 's 0. 65x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Itaú Unibanco Holding S. A. (ITUB) trades at 1. 8x forward P/E versus 3. 4x for Credicorp Ltd. — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BAP: 24. 9% to $408. 00.
08Which pays a better dividend — BAP or ITUB?
All stocks in this comparison pay dividends.
Itaú Unibanco Holding S. A. (ITUB) offers the highest yield at 10. 1%, versus 4. 0% for Credicorp Ltd. (BAP).
09Is BAP or ITUB better for a retirement portfolio?
For long-horizon retirement investors, Credicorp Ltd.
(BAP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 81), 4. 0% yield, +179. 8% 10Y return). Both have compounded well over 10 years (BAP: +179. 8%, ITUB: +196. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BAP and ITUB?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BAP is a mid-cap deep-value stock; ITUB is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BAP: 6.4% · ITUB: 18.0%)Net Margin>
%
(BAP: 20.4% · ITUB: 11.7%)P/E Ratio<
x
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