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BICECORP

SNSE:BICECORP
Snowflake Description

Slightly overvalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BICECORP
SNSE
CLP1,106B
Market Cap
  1. Home
  2. CL
  3. Diversified Financials
Company description

BICECORP S.A., through its subsidiaries, provides various financial products and services in Chile. The last earnings update was 33 days ago. More info.


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BICECORP Share Price and Events
7 Day Returns
0%
SNSE:BICECORP
2.6%
CL Diversified Financial
6.7%
CL Market
1 Year Returns
-4.8%
SNSE:BICECORP
-28.5%
CL Diversified Financial
-31%
CL Market
BICECORP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BICECORP (BICECORP) 0% 0% 4% -4.8% 38.3% 35.4%
CL Diversified Financial 2.6% -4.1% -8.9% -28.5% 7.4% 14.1%
CL Market 6.7% -8.2% -22.2% -31% -26.8% -23.4%
1 Year Return vs Industry and Market
  • BICECORP outperformed the Diversified Financial industry which returned -28.5% over the past year.
  • BICECORP outperformed the Market in Chile which returned -31% over the past year.
Price Volatility
BICECORP
Industry
5yr Volatility vs Market

Value

 Is BICECORP 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 BICECORP 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 BICECORP.

SNSE:BICECORP 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
= CLP10,634.27 * 11.2%
CLP1,189.66
Book Value of Equity per Share Median Book Value from the past 5 years. CLP10,634.27
Discount Rate (Cost of Equity) See below 18.1%
Perpetual Growth Rate 10-Year CL Government Bond Rate 7.5%

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:BICECORP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 7.5%
Equity Risk Premium S&P Global 6.3%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 26%) (237.3%))
1.679
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.68
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.47% + (1.679 * 6.33%)
18.1%

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

The calculations below outline how an intrinsic value for BICECORP 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:BICECORP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 18.1%) * CLP10,634.27)
CLP-735.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CLP-735.25 / (18.1% - 7.47%)
CLP-6,916.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CLP10,634.27 + CLP-6,916.11
CLP3718.16
SNSE:BICECORP Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP3,718.16
Current discount Discount to share price of CLP13,000.00
= -1 x (CLP13,000.00 - CLP3,718.16) / CLP3,718.16
-249.6%

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

  • The current share price of BICECORP is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 BICECORP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BICECORP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:BICECORP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CLP CLP1,271.42
SNSE:BICECORP Share Price ** SNSE (2020-04-08) in CLP CLP13000
South America Diversified Financial Industry PE Ratio Median Figure of 17 Publicly-Listed Diversified Financial Companies 13x
Chile Market PE Ratio Median Figure of 128 Publicly-Listed Companies 10.91x

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

** Primary Listing of BICECORP.

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

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

= 13000 ÷ 1,271.42

10.22x

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

  • BICECORP is good value based on earnings compared to the South America Diversified Financial industry average.
  • BICECORP is good value based on earnings compared to the Chile market.
Price based on expected Growth
Does BICECORP's expected growth come at a high price?
Raw Data
SNSE:BICECORP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Diversified Financial Industry PEG Ratio Median Figure of 54 Publicly-Listed Diversified Financial Companies 0.5x
Chile Market PEG Ratio Median Figure of 30 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for BICECORP, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BICECORP's assets?
Raw Data
SNSE:BICECORP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CLP CLP11,745.17
SNSE:BICECORP Share Price * SNSE (2020-04-08) in CLP CLP13000
Chile Diversified Financial Industry PB Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 0.75x
Chile Market PB Ratio Median Figure of 162 Publicly-Listed Companies 0.85x
SNSE:BICECORP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13000 ÷ 11,745.17

1.11x

* Primary Listing of BICECORP.

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

  • BICECORP is overvalued based on assets compared to the CL Diversified Financial industry average.
X
Value checks
We assess BICECORP'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. BICECORP has a total score of 2/6, 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 BICECORP expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BICECORP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
6.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BICECORP expected to grow at an attractive rate?
  • Unable to compare BICECORP's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BICECORP's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare BICECORP's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:BICECORP Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
Global Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Chile Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Chile Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*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:BICECORP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:BICECORP Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-12-31 1,172,021 440,782 108,182
2019-09-30 1,095,593 -81,222 89,020
2019-06-30 1,048,099 430,030 94,853
2019-03-31 989,841 -36,722 95,450
2018-12-31 963,909 162,329 84,619
2018-09-30 935,642 245,491 101,627
2018-06-30 885,343 218,903 104,528
2018-03-31 870,445 163,943 108,076
2017-12-31 895,385 100,184 117,439
2017-09-30 904,956 104,302 106,864
2017-06-30 953,502 -67,591 103,733
2017-03-31 974,153 -87,649 97,298

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BICECORP is high growth as no earnings estimate data is available.
  • Unable to determine if BICECORP is high growth as no revenue estimate data is available.
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:BICECORP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BICECORP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BICECORP Past Financials Data
Date (Data in CLP Millions) EPS *
2019-12-31 1,271.42
2019-09-30 1,046.22
2019-06-30 1,114.78
2019-03-31 1,121.79
2018-12-31 994.50
2018-09-30 1,194.39
2018-06-30 1,228.48
2018-03-31 1,270.19
2017-12-31 1,380.22
2017-09-30 1,255.94
2017-06-30 1,219.13
2017-03-31 1,143.51

*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.
  • Unable to establish if BICECORP will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. BICECORP's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess BICECORP'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 Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global 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.
BICECORP has a total score of 0/6, 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 BICECORP 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 BICECORP's growth in the last year to its industry (Diversified Financial).
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.
  • BICECORP's year on year earnings growth rate has been positive over the past 5 years.
  • BICECORP's 1-year earnings growth exceeds its 5-year average (27.8% vs 4%)
  • BICECORP's earnings growth has not exceeded the South America Diversified Financial industry average in the past year (27.8% vs 27.8%).
Earnings and Revenue History
BICECORP'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 BICECORP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:BICECORP Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,172,020.72 108,181.68 155,880.85
2019-09-30 1,095,592.53 89,020.06 156,909.82
2019-06-30 1,048,098.88 94,853.49 154,027.38
2019-03-31 989,840.87 95,449.92 149,891.38
2018-12-31 963,908.84 84,618.97 147,297.70
2018-09-30 935,641.63 101,627.07 139,107.79
2018-06-30 885,343.47 104,527.87 137,231.20
2018-03-31 870,445.07 108,076.36 135,903.82
2017-12-31 895,384.59 117,438.78 134,780.92
2017-09-30 904,956.00 106,864.39 132,705.36
2017-06-30 953,501.84 103,732.51 133,129.75
2017-03-31 974,152.70 97,297.68 134,021.75
2016-12-31 964,591.15 87,225.92 133,269.56
2016-09-30 979,156.87 89,783.20 131,121.98
2016-06-30 1,010,997.09 89,123.23 134,937.17
2016-03-31 995,289.06 89,481.61 134,686.45
2015-12-31 971,277.08 87,015.09 132,068.88
2015-09-30 995,675.31 82,783.28 134,933.38
2015-06-30 926,213.75 76,820.56 126,017.88
2015-03-31 928,495.04 82,195.01 119,102.26
2014-12-31 927,974.63 88,527.89 116,493.24
2014-09-30 848,939.51 97,394.13 115,006.09
2014-06-30 820,520.53 98,280.86 110,948.21
2014-03-31 731,149.36 81,785.52 108,353.04
2013-12-31 678,702.31 71,765.35 104,963.83
2013-09-30 667,754.77 70,753.95 101,822.82
2013-06-30 634,814.32 67,672.12 97,892.08

*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.
  • BICECORP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BICECORP used its assets less efficiently than the South America Diversified Financial industry average last year based on Return on Assets.
  • BICECORP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BICECORP'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 Diversified Financial 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.
BICECORP has a total score of 2/6, 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 BICECORP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BICECORP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BICECORP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BICECORP's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BICECORP'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.4x debt.
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 BICECORP Company Filings, last reported 3 months ago.

SNSE:BICECORP Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,015,906.34 2,609,046.52 5,497,490.13
2019-09-30 996,880.96 2,544,839.87 4,959,031.42
2019-06-30 982,996.79 2,306,293.93 5,417,991.02
2019-03-31 969,330.87 2,231,129.14 4,633,898.84
2018-12-31 942,032.72 2,336,167.77 3,846,384.89
2018-09-30 935,772.83 2,195,174.59 3,644,023.27
2018-06-30 918,118.36 2,100,543.76 3,684,555.48
2018-03-31 906,556.54 1,964,570.13 3,701,758.15
2017-12-31 894,858.86 1,974,667.65 3,727,340.64
2017-09-30 875,243.24 1,838,258.47 3,368,071.55
2017-06-30 859,194.44 1,644,219.49 3,368,618.63
2017-03-31 844,560.53 1,515,168.03 3,489,401.82
2016-12-31 820,540.93 1,518,823.73 3,363,634.48
2016-09-30 805,044.08 1,473,730.10 3,238,052.43
2016-06-30 787,441.70 1,574,175.65 3,121,566.12
2016-03-31 775,832.92 1,512,827.62 3,172,954.59
2015-12-31 761,292.53 1,632,002.56 3,209,270.03
2015-09-30 744,946.05 1,485,965.37 2,922,709.70
2015-06-30 725,434.30 1,375,275.94 2,706,858.26
2015-03-31 712,558.60 1,233,940.92 2,691,639.67
2014-12-31 698,875.44 1,295,152.63 2,820,614.51
2014-09-30 684,672.13 1,330,078.82 2,521,794.44
2014-06-30 666,966.72 1,297,998.00 2,197,502.37
2014-03-31 652,036.34 1,117,256.44 2,377,552.85
2013-12-31 631,113.08 1,100,842.04 2,284,594.48
2013-09-30 610,465.94 923,978.61 2,128,819.65
2013-06-30 596,621.86 1,008,596.40 2,135,040.28
  • BICECORP's level of debt (256.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (185.2% vs 256.8% today).
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on BICECORP's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess BICECORP'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. BICECORP has a total score of 2/6, 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 BICECORP'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
2.69%
Current annual income from BICECORP dividends.
If you bought CLP2,000 of BICECORP shares you are expected to receive CLP54 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?
  • BICECORP's pays a lower dividend yield than the bottom 25% of dividend payers in Chile (3.05%).
  • BICECORP's dividend is below the markets top 25% of dividend payers in Chile (6.85%).
Upcoming dividend payment

Purchase BICECORP before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:BICECORP 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 0 Analyst Estimates (S&P Global) See Below
Chile Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4%
Chile Market Average Dividend Yield Market Cap Weighted Average of 130 Stocks 4.8%
Chile Minimum Threshold Dividend Yield 10th Percentile 1.1%
Chile Bottom 25% Dividend Yield 25th Percentile 3%
Chile Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

SNSE:BICECORP Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-04-29 349.880 2.501
2019-01-25 349.880 2.552
2018-04-26 382.670 2.887
2018-01-26 382.670 3.219
2017-07-28 311.240 2.950
2017-01-30 311.240 3.310
2016-04-29 315.330 3.380
2016-01-29 315.330 3.390
2015-11-02 309.000 3.200
2015-01-29 309.000 3.143
2014-10-24 260.000 2.735
2014-07-25 259.770 2.811
2014-04-28 260.000 2.826
2014-03-10 260.000 2.826
2013-10-25 266.120 3.192
2013-07-26 266.120 3.548
2013-04-30 266.120 3.582
2013-01-31 266.120 3.600
2012-07-27 261.730 3.541
2012-05-28 261.730 3.581
2012-03-05 261.730 3.610
2011-04-28 211.000 2.961
2011-02-02 211.000 3.092
2010-05-28 313.930 4.869
2010-02-03 313.930 5.162
2009-11-12 0.000 0.000
2009-09-03 0.000 0.000
2009-06-19 0.000 0.000

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 BICECORP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BICECORP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 BICECORP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BICECORP has a total score of 2/6, 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 BICECORP'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
Juan G. Eduardo Correa García
CEO Bio

Mr. Juan G. Eduardo Correa García serves as the General Manager of BICECORP S.A. and served as its Chief Executive Officer. Mr. Correa García serves as the Chairman of Bice Vida Compañía de Seguros S.A. and Bice Hipotecaria S.A. He serves as Vice Chairman of Banco Bice. Mr. Correa García was a Director of Santiago Stock Exchange since April 2012 until April 29, 2017. He studied Industrial Civil Engineering from Pontificia Universidad Católica de Chile.

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

Juan G. Eduardo Correa García

TITLE
General Manager

Rafael de la Maza Domínguez

TITLE
Manager of Corporate Governance & Finance
Board of Directors

Jorge Bernardo Larraín Matte

TITLE
Chairman
COMPENSATION
CLP171M
AGE
53

Bernardo Fontaine Talavera

TITLE
Director
COMPENSATION
CLP115M
AGE
54

Kathleen Barclay

TITLE
Director
COMPENSATION
CLP86M

Juan Carlos Eyzaguirre Echenique

TITLE
Director
COMPENSATION
CLP86M

José Miguel Irarrázaval Elizalde

TITLE
Director
COMPENSATION
CLP87M

René Javier Lehuedé Fuenzalida

TITLE
Director
COMPENSATION
CLP87M

Demetrio Zañartu Bacarreza

TITLE
Director
COMPENSATION
CLP63M

Vicente Monge Alcalde

TITLE
Director

Rodrigo Donoso Munita

TITLE
Director
TENURE
4 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 BICECORP'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. BICECORP 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

BICECORP S.A., through its subsidiaries, provides various financial products and services in Chile. It offers commercial banking products and services, such as finance, cash management, foreign trade, payments and collections, lines of credit, credit cards, means of payment, treasury, and insurance brokerage. The company provides life insurance products, including pension and private annuities, individual and collective up life and health insurance, AFP insurance products, and consumer loans. It is also involved in real estate business providing financing leasing, real estate rents, project development, and advising. In addition, the company offers automotive financing comprising financing for the purchase of new and used cars, as well as the refinancing of existing automobile credits; financial instruments backed by flows from assets; mutual and investment funds, asset management, third-party funds, financial intermediation, and corporate finance; and mutual mortgages. The company was founded in 1978 and is based in Santiago, Chile. BICECORP S.A. is a subsidiary of Servicios Y Consultoria Ltda.

Details
Name: BICECORP S.A.
BICECORP
Exchange: SNSE
Founded: 1978
CLP1,106,131,390,000
85,087,030
Website: http://www.bicecorp.com
Address: BICECORP S.A.
Teatinos 220,
4th Floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE BICECORP Ordinary Shares Santiago Stock Exchange CL CLP 17. Oct 1996
Number of employees
Current staff
Staff numbers
0
BICECORP employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 21:32
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/03/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.