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Banco de Crédito e Inversiones

SNSE:BCI
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BCI
SNSE
CLP5,672B
Market Cap
  1. Home
  2. CL
  3. Banks
Company description

Banco de Crédito e Inversiones provides various banking products and services to individuals, micro-enterprises, businesses, and institutions in Chile, the United States, Latin America, and the Asia-Pacific. The last earnings update was 19 days ago. More info.


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BCI Share Price and Events
7 Day Returns
7.1%
SNSE:BCI
6.3%
CL Banks
4.4%
CL Market
1 Year Returns
-3.8%
SNSE:BCI
-7.8%
CL Banks
-10%
CL Market
BCI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco de Crédito e Inversiones (BCI) 7.1% -14.4% -9% -3.8% 27.5% 39.1%
CL Banks 6.3% -7.8% -6.9% -7.8% 29.5% 48.3%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • BCI outperformed the Banks industry which returned -7.8% over the past year.
  • BCI outperformed the Market in Chile which returned -10% over the past year.
Price Volatility
BCI
Industry
5yr Volatility vs Market

Value

 Is Banco de Crédito e Inversiones undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banco de Crédito e Inversiones to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco de Crédito e Inversiones.

SNSE:BCI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CLP30,959.02 * 14.3%
CLP4,427.14
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. CLP30,959.02
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:BCI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 26%) (296.39%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for SNSE:BCI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco de Crédito e Inversiones is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SNSE:BCI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.3% – 10.28%) * CLP30,959.02)
CLP1,245.81
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CLP1,245.81 / (10.28% - 2.73%)
CLP16,509.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CLP30,959.02 + CLP16,509.60
CLP47468.63
SNSE:BCI Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP47,468.63
Current discount Discount to share price of CLP40,050.00
= -1 x (CLP40,050.00 - CLP47,468.63) / CLP47,468.63
15.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Banco de Crédito e Inversiones is available for.
Intrinsic value
16%
Share price is CLP40050 vs Future cash flow value of CLP47468.63
Current Discount Checks
For Banco de Crédito e Inversiones to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banco de Crédito e Inversiones's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Banco de Crédito e Inversiones's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banco de Crédito e Inversiones's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco de Crédito e Inversiones's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:BCI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP2,955.47
SNSE:BCI Share Price ** SNSE (2019-11-18) in CLP CLP40050
Chile Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 15.55x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banco de Crédito e Inversiones.

SNSE:BCI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:BCI Share Price ÷ EPS (both in CLP)

= 40050 ÷ 2,955.47

13.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco de Crédito e Inversiones is good value based on earnings compared to the CL Banks industry average.
  • Banco de Crédito e Inversiones is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Banco de Crédito e Inversiones's expected growth come at a high price?
Raw Data
SNSE:BCI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
14.8%per year
South America Banks Industry PEG Ratio Median Figure of 23 Publicly-Listed Banks Companies 0.95x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

SNSE:BCI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.55x ÷ 14.8%

0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco de Crédito e Inversiones is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco de Crédito e Inversiones's assets?
Raw Data
SNSE:BCI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP25,868.04
SNSE:BCI Share Price * SNSE (2019-11-18) in CLP CLP40050
Chile Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.71x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:BCI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:BCI Share Price ÷ Book Value per Share (both in CLP)

= 40050 ÷ 25,868.04

1.55x

* Primary Listing of Banco de Crédito e Inversiones.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco de Crédito e Inversiones is good value based on assets compared to the CL Banks industry average.
X
Value checks
We assess Banco de Crédito e Inversiones's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Banco de Crédito e Inversiones has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Banco de Crédito e Inversiones expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco de Crédito e Inversiones expected to grow at an attractive rate?
  • Banco de Crédito e Inversiones's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Banco de Crédito e Inversiones's earnings growth is expected to exceed the Chile market average.
  • Banco de Crédito e Inversiones's revenue growth is expected to exceed the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:BCI Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:BCI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 14.8%
SNSE:BCI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.7%
Chile Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South America Banks Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:BCI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:BCI Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,243,359 594,829 5
2020-12-31 2,059,945 531,636 5
2019-12-31 1,869,125 467,221 5
2019-11-19
SNSE:BCI Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 1,463,063 -425,569 415,142
2019-06-30 1,417,364 826,473 419,450
2019-03-31 1,349,152 -1,551,148 405,460
2018-12-31 1,317,613 -1,487,848 395,794
2018-09-30 1,265,375 -1,453,396 359,519
2018-06-30 1,218,564 -3,817,086 347,871
2018-03-31 1,205,048 -1,579,937 339,960
2017-12-31 1,167,106 -1,250,427 371,403
2017-09-30 1,147,903 -853,662 400,785
2017-06-30 1,140,444 -1,039,734 409,878
2017-03-31 1,121,204 -1,471,377 407,094
2016-12-31 1,100,635 -1,311,214 340,165

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco de Crédito e Inversiones's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • Banco de Crédito e Inversiones's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:BCI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Banco de Crédito e Inversiones Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BCI Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4,153.88 4,377.19 3,930.57 2.00
2020-12-31 3,710.29 3,912.17 3,508.42 2.00
2019-12-31 3,442.34 3,442.34 3,442.34 1.00
2019-11-19
SNSE:BCI Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 2,955.47
2019-06-30 3,040.61
2019-03-31 2,993.80
2018-12-31 2,977.75
2018-09-30 2,747.88
2018-06-30 2,658.86
2018-03-31 2,598.39
2017-12-31 2,838.72
2017-09-30 3,139.18
2017-06-30 3,210.40
2017-03-31 3,119.64
2016-12-31 2,664.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Banco de Crédito e Inversiones is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco de Crédito e Inversiones's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Chile market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banco de Crédito e Inversiones has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Banco de Crédito e Inversiones performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banco de Crédito e Inversiones's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banco de Crédito e Inversiones's year on year earnings growth rate has been positive over the past 5 years.
  • Banco de Crédito e Inversiones's 1-year earnings growth exceeds its 5-year average (15.5% vs 4%)
  • Banco de Crédito e Inversiones's earnings growth has exceeded the CL Banks industry average in the past year (15.5% vs 14.8%).
Earnings and Revenue History
Banco de Crédito e Inversiones's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banco de Crédito e Inversiones Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BCI Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,463,063.00 415,142.00 894,031.00
2019-06-30 1,417,364.00 419,450.00 872,449.00
2019-03-31 1,349,152.00 405,460.00 835,402.00
2018-12-31 1,317,613.00 395,794.00 811,798.00
2018-09-30 1,265,375.00 359,519.00 771,013.00
2018-06-30 1,218,564.00 347,871.00 736,731.00
2018-03-31 1,205,048.00 339,960.00 719,406.00
2017-12-31 1,167,106.00 371,403.00 697,067.00
2017-09-30 1,147,903.00 400,785.00 681,471.00
2017-06-30 1,140,444.00 409,878.00 670,319.00
2017-03-31 1,121,204.00 407,094.00 662,277.00
2016-12-31 1,100,635.00 340,165.00 643,401.00
2016-09-30 1,079,202.00 340,768.00 629,041.00
2016-06-30 1,027,282.00 322,638.00 593,081.00
2016-03-31 996,728.00 324,762.00 559,500.00
2015-12-31 967,170.00 330,819.00 530,977.00
2015-09-30 945,436.00 337,012.00 499,456.00
2015-06-30 948,875.00 345,420.00 494,624.00
2015-03-31 924,994.00 337,539.00 489,327.00
2014-12-31 915,004.00 342,972.00 479,839.00
2014-09-30 911,924.00 351,420.00 467,351.00
2014-06-30 900,016.00 351,918.00 456,121.00
2014-03-31 865,026.00 331,652.00 446,066.00
2013-12-31 825,723.00 300,294.00 442,506.00
2013-09-30 838,277.00 292,060.00 435,533.00
2013-06-30 802,621.00 258,527.00 428,853.00
2013-03-31 795,981.00 259,698.00 421,452.00
2012-12-31 799,075.00 271,256.00 410,816.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banco de Crédito e Inversiones has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco de Crédito e Inversiones used its assets more efficiently than the CL Banks industry average last year based on Return on Assets.
  • Unable to establish if Banco de Crédito e Inversiones improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banco de Crédito e Inversiones's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banco de Crédito e Inversiones has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Banco de Crédito e Inversiones's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Banco de Crédito e Inversiones's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banco de Crédito e Inversiones Company Filings, last reported 1 month ago.

SNSE:BCI Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,664,325.00 16,596,479.00 8,942,610.00
2019-06-30 3,577,298.00 13,153,042.00 6,457,926.00
2019-03-31 3,533,360.00 12,061,826.00 5,123,006.00
2018-12-31 3,458,363.00 11,842,868.00 5,725,662.00
2018-09-30 2,925,239.00 11,305,355.00 6,072,864.00
2018-06-30 2,861,279.00 11,183,910.00 6,270,817.00
2018-03-31 2,767,969.00 10,314,284.00 3,421,558.00
2017-12-31 2,728,286.00 9,806,489.00 5,257,246.00
2017-09-30 2,711,966.00 9,048,983.00 5,269,142.00
2017-06-30 2,658,351.00 9,125,445.00 4,970,702.00
2017-03-31 2,584,627.00 8,945,893.00 3,393,743.00
2016-12-31 2,518,721.00 9,220,370.00 3,973,179.00
2016-09-30 2,468,967.00 8,591,018.00 3,191,749.00
2016-06-30 2,403,978.00 8,219,045.00 3,584,637.00
2016-03-31 2,055,196.00 8,415,830.00 3,892,197.00
2015-12-31 2,000,525.00 8,344,005.00 3,245,644.00
2015-09-30 1,937,404.00 7,755,885.00 4,327,650.00
2015-06-30 1,902,790.00 6,803,654.00 3,606,448.00
2015-03-31 1,820,889.00 7,231,238.00 4,373,166.00
2014-12-31 1,800,964.00 7,898,938.00 5,737,431.00
2014-09-30 1,707,536.00 7,088,060.00 4,815,862.00
2014-06-30 1,656,661.00 7,038,289.00 4,090,386.00
2014-03-31 1,584,403.00 6,593,633.00 3,848,557.00
2013-12-31 1,582,100.00 5,983,134.00 3,426,659.00
2013-09-30 1,516,500.00 5,896,898.00 2,451,705.00
2013-06-30 1,474,359.00 5,522,120.00 2,399,046.00
2013-03-31 1,452,760.00 4,610,197.00 2,140,807.00
2012-12-31 1,499,459.00 4,878,917.00 1,767,788.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Banco de Crédito e Inversiones has an acceptable proportion of non-loan assets held.
  • Banco de Crédito e Inversiones's liabilities are made up of primarily low risk sources of funding.
  • Banco de Crédito e Inversiones has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Banco de Crédito e Inversiones's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Banco de Crédito e Inversiones has a low allowance for bad loans.
  • Banco de Crédito e Inversiones has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Banco de Crédito e Inversiones's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banco de Crédito e Inversiones has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Banco de Crédito e Inversiones's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.4%
Current annual income from Banco de Crédito e Inversiones dividends. Estimated to be 2.88% next year.
If you bought CLP2,000 of Banco de Crédito e Inversiones shares you are expected to receive CLP48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banco de Crédito e Inversiones's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Banco de Crédito e Inversiones's dividend is below the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:BCI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Chile Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.9%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:BCI Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1,282.77 5.00
2020-12-31 1,142.43 5.00
2019-12-31 1,004.26 4.00
2019-11-19
SNSE:BCI Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-05-15 959.585 2.186
2019-01-29 959.585 2.210
2018-04-16 997.267 2.362
2018-01-30 997.267 2.327
2017-02-24 939.283 2.543
2016-05-02 923.928 3.190
2016-02-26 923.928 3.601
2015-06-01 906.369 3.517
2015-03-25 906.369 3.399
2014-05-02 1,125.980 4.028
2014-04-30 1,125.980 4.021
2013-10-30 763.478 2.838
2013-07-30 763.478 3.043
2013-07-15 0.000 0.000
2013-05-02 0.000 0.000
2013-02-26 763.478 2.484
2012-07-31 717.691 2.543
2012-07-17 717.691 2.666
2012-04-30 717.691 2.611
2012-02-28 717.691 2.452
2011-05-30 601.798 2.440
2011-02-24 601.798 2.276
2010-03-31 422.700 1.871
2010-01-04 422.700 2.574
2009-03-02 387.420 3.276

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banco de Crédito e Inversiones's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Banco de Crédito e Inversiones's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banco de Crédito e Inversiones afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco de Crédito e Inversiones has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Banco de Crédito e Inversiones's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eugenio Von Chrismar Carvajal
TENURE AS CEO 4.7 years
CEO Bio

Mr. Eugenio von Chrismar Carvajal serves as Chief Executive Officer of Banco de Credito e Inversiones SA since March 2015. Mr. Carvajal serves as Director of BCI Factoring SA. He holds a degree in civil engineering from Universidad de Santiago in Chile, majoring in business management at Harvard and the London Business School. He has a vast track record in the national and international financial sector, particularly in investment and corporate banking, where he stood out for leading the development of new business strategies. His experience includes 15 years working in the Mexican financial market as part of the international staff in charge of investment banking and trading in Latin America of CitiCorp, and then of Bank of America. He joined Banco de Credito e Inversiones SA in 1999 as the CFO to then run the development of the internationalization strategy by opening the first branch of the Bank in Miami and the representative offices abroad. He then developed Bci Securitizadora and led Bci Corredor de Bolsa, Bci Asset Management and Bci Asesoría Financiera, which were then consolidated into the Bci Corporate & Investment Banking division.

CEO Compensation
  • Insufficient data for Eugenio to compare compensation growth.
  • Insufficient data for Eugenio to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Eugenio Von Chrismar Carvajal

TITLE
Chief Executive Officer
TENURE
4.7 yrs

José Luis Ibaibarriaga Martínez

TITLE
CFO & Controller
TENURE
7.8 yrs

Patricio Felix Subiabre Montero

TITLE
Chief Operating & Technology Officer

Juan Gerter Calderón

TITLE
Corporate Accounting Manager

Andrés Atala S.

TITLE
Head of Investor Relations

Ximena Kutscher Taiba

TITLE
Audit & Compliance Head

Fernando Carmash Cassis

TITLE
General Counsel

Marcela Bravo Puldain

TITLE
CSR Head and Manager of Communications & Entrepreneurial Social Responsibility

Adolfo García-Huidobro Ochagavia

TITLE
Manager of Marketing

Diego Yarur Arrasate

TITLE
Chief of Corporate Development & International Division
Board of Directors Tenure

Average tenure of the Banco de Crédito e Inversiones board of directors in years:

4.2
Average Tenure
  • The tenure for the Banco de Crédito e Inversiones board of directors is about average.
Board of Directors

Luis Enrique Yarur Rey

TITLE
Chairman of the Board
TENURE
28.1 yrs

Lionel Olavarría Leyton

TITLE
Vice Chairman of the Board
TENURE
4.7 yrs

Mario Gómez Dubravcic

TITLE
Director
TENURE
8.5 yrs

Juan Edgardo Goldenberg Peñafiel

TITLE
Director
TENURE
1.8 yrs

José Pablo Arellano Marín

TITLE
Director
AGE
67
TENURE
8.7 yrs

Claudia Manuela Sánchez Muñoz

TITLE
Director
TENURE
3.7 yrs

Klaus Schmidt Hebbel Dunker

TITLE
Independent Director
TENURE
3 yrs

Miguel Ángel Gazali Nacrur

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CLP) Value (CLP)
X
Management checks
We assess Banco de Crédito e Inversiones's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banco de Crédito e Inversiones has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Banco de Crédito e Inversiones provides various banking products and services to individuals, micro-enterprises, businesses, and institutions in Chile, the United States, Latin America, and the Asia-Pacific. It operates through Retail Banking, Wholesale Banking, and Finance Division business units. The company offers current accounts, cards, and investments; insurance, payment, foreign trade, and cash management services; financing services, such as working capital, guarantee ballot, factoring, leasing, long term financing, and credit line; and institutional and real estate banking, ERNC and infrastructure project, sales and trading, and corporate finance services. It also provides wealth management and corporate services. The company was founded in 1937 and is headquartered in Santiago, Chile. Banco de Crédito e Inversiones is a subsidiary of Empresas Juan Yarur SpA.

Details
Name: Banco de Crédito e Inversiones
BCI
Exchange: SNSE
Founded: 1937
CLP5,671,737,180,450
141,616,409
Website: http://www.bci.cl
Address: Banco de Crédito e Inversiones
Avenida El Golf 125,
Piso 7,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE BCI Common Shares Santiago Stock Exchange CL CLP 07. Dec 1992
Number of employees
Current staff
Staff numbers
12,083
Banco de Crédito e Inversiones employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:02
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.