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Corporación Financiera Colombiana

BVC:CORFICOLCF
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CORFICOLCF
BVC
COP7,472B
Market Cap
  1. Home
  2. CO
  3. Diversified Financials
Company description

Corporación Financiera Colombiana S.A. operates as a financial company in Columbia and Central America. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Corporación Financiera Colombiana has significant price volatility in the past 3 months.
CORFICOLCF Share Price and Events
7 Day Returns
8.2%
BVC:CORFICOLCF
-0.4%
South America Diversified Financial
3.7%
CO Market
1 Year Returns
4.2%
BVC:CORFICOLCF
-18.6%
South America Diversified Financial
-21.4%
CO Market
CORFICOLCF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Financiera Colombiana (CORFICOLCF) 8.2% -14.5% -16.9% 4.2% -4.8% -27%
South America Diversified Financial -0.4% -15.2% -19.3% -18.6% -14.6% -15.8%
CO Market 3.7% -19.8% -25.4% -21.4% 4.3% -4%
1 Year Return vs Industry and Market
  • CORFICOLCF outperformed the Diversified Financial industry which returned -18.6% over the past year.
  • CORFICOLCF outperformed the Market in Colombia which returned -21.4% over the past year.
Price Volatility
CORFICOLCF
Industry
5yr Volatility vs Market
Related Companies

CORFICOLCF Value

 Is Corporación Financiera Colombiana 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 Corporación Financiera Colombiana 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 Corporación Financiera Colombiana.

BVC:CORFICOLCF 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
= COP15,219.37 * 14.4%
COP2,194.63
Book Value of Equity per Share Median Book Value from the past 5 years. COP15,219.37
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year CO Government Bond Rate 6.7%

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 BVC:CORFICOLCF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CO Govt Bond Rate 6.7%
Equity Risk Premium S&P Global 7.9%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.71 (1 + (1- 33%) (130.65%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.66% + (0.871 * 7.85%)
13.5%

Discounted Cash Flow Calculation for BVC:CORFICOLCF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Corporación Financiera Colombiana 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.

BVC:CORFICOLCF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.4% – 13.5%) * COP15,219.37)
COP140.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= COP140.76 / (13.5% - 6.66%)
COP2,059.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= COP15,219.37 + COP2,059.36
COP17278.73
BVC:CORFICOLCF Discount to Share Price
Calculation Result
Value per share (COP) From above. COP17,278.73
Current discount Discount to share price of COP26,520.00
= -1 x (COP26,520.00 - COP17,278.73) / COP17,278.73
-53.5%

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

  • The current share price of Corporación Financiera Colombiana 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 Corporación Financiera Colombiana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporación Financiera Colombiana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BVC:CORFICOLCF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in COP COP5,544.78
BVC:CORFICOLCF Share Price ** BVC (2020-04-07) in COP COP26520
South America Diversified Financial Industry PE Ratio Median Figure of 17 Publicly-Listed Diversified Financial Companies 13x
Colombia Market PE Ratio Median Figure of 48 Publicly-Listed Companies 9.15x

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

** Primary Listing of Corporación Financiera Colombiana.

BVC:CORFICOLCF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BVC:CORFICOLCF Share Price ÷ EPS (both in COP)

= 26520 ÷ 5,544.78

4.78x

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

  • Corporación Financiera Colombiana is good value based on earnings compared to the South America Diversified Financial industry average.
  • Corporación Financiera Colombiana is good value based on earnings compared to the Colombia market.
Price based on expected Growth
Does Corporación Financiera Colombiana's expected growth come at a high price?
Raw Data
BVC:CORFICOLCF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Global Diversified Financial Industry PEG Ratio Median Figure of 53 Publicly-Listed Diversified Financial Companies 0.51x
Colombia Market PEG Ratio Median Figure of 13 Publicly-Listed Companies 0.8x

*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 Corporación Financiera Colombiana, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corporación Financiera Colombiana's assets?
Raw Data
BVC:CORFICOLCF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in COP COP27,089.75
BVC:CORFICOLCF Share Price * BVC (2020-04-07) in COP COP26520
South America Diversified Financial Industry PB Ratio Median Figure of 20 Publicly-Listed Diversified Financial Companies 1.14x
Colombia Market PB Ratio Median Figure of 58 Publicly-Listed Companies 0.93x
BVC:CORFICOLCF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BVC:CORFICOLCF Share Price ÷ Book Value per Share (both in COP)

= 26520 ÷ 27,089.75

0.98x

* Primary Listing of Corporación Financiera Colombiana.

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

  • Corporación Financiera Colombiana is good value based on assets compared to the South America Diversified Financial industry average.
X
Value checks
We assess Corporación Financiera Colombiana'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. Corporación Financiera Colombiana 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.

CORFICOLCF Future Performance

 How is Corporación Financiera Colombiana expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
7.8%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Financiera Colombiana expected to grow at an attractive rate?
  • Unable to compare Corporación Financiera Colombiana's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Corporación Financiera Colombiana's earnings growth to the Colombia market average as no estimate data is available.
  • Unable to compare Corporación Financiera Colombiana's revenue growth to the Colombia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BVC:CORFICOLCF Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Global Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Colombia Market Earnings Growth Rate Market Cap Weighted Average 4.9%
Colombia Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*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
BVC:CORFICOLCF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in COP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BVC:CORFICOLCF Future Estimates Data
Date (Data in COP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 8,058,925 1,166,109 1
2020-04-08
BVC:CORFICOLCF Past Financials Data
Date (Data in COP Millions) Revenue Cash Flow Net Income *
2019-12-31 9,203,131 -310,171 1,575,573
2019-09-30 9,073,316 2,015,280 1,916,193
2019-06-30 9,267,269 2,563,637 2,137,014
2019-03-31 8,767,657 3,723,405 1,897,214
2018-12-31 8,135,563 -1,035,563 1,620,543
2018-09-30 6,793,382 597,112 931,658
2018-06-30 5,803,978 979,999 397,138
2018-03-31 5,701,319 560,133 273,562
2017-12-31 5,670,892 645,532 210,808
2017-09-30 6,020,142 -550,594 116,408
2017-06-30 6,108,865 -764,300 172,064
2017-03-31 6,362,751 -102,063 259,049

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Corporación Financiera Colombiana is high growth as no earnings estimate data is available.
  • Unable to determine if Corporación Financiera Colombiana 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
BVC:CORFICOLCF 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 1 Analyst Estimates (S&P Global) See Below

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

BVC:CORFICOLCF Future Estimates Data
Date (Data in COP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 4,662.00 4,662.00 4,662.00 1.00
2020-04-08
BVC:CORFICOLCF Past Financials Data
Date (Data in COP Millions) EPS *
2019-12-31 5,544.78
2019-09-30 6,857.06
2019-06-30 7,773.27
2019-03-31 7,254.01
2018-12-31 6,429.41
2018-09-30 3,914.66
2018-06-30 1,691.91
2018-03-31 1,171.36
2017-12-31 904.62
2017-09-30 499.11
2017-06-30 736.21
2017-03-31 1,114.07

*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 Corporación Financiera Colombiana will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Corporación Financiera Colombiana'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.
Corporación Financiera Colombiana 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.

CORFICOLCF Past Performance

  How has Corporación Financiera Colombiana 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 Corporación Financiera Colombiana'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.
  • Corporación Financiera Colombiana has delivered over 20% year on year earnings growth in the past 5 years.
  • Corporación Financiera Colombiana's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Corporación Financiera Colombiana's 1-year earnings growth is negative, it can't be compared to the South America Diversified Financial industry average.
Earnings and Revenue History
Corporación Financiera Colombiana'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 Corporación Financiera Colombiana Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BVC:CORFICOLCF Past Revenue, Cash Flow and Net Income Data
Date (Data in COP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 9,203,131.00 1,575,573.00 418,902.00
2019-09-30 9,073,316.00 1,916,193.00 431,076.00
2019-06-30 9,267,269.00 2,137,014.00 428,368.00
2019-03-31 8,767,657.00 1,897,214.00 424,736.00
2018-12-31 8,135,563.00 1,620,543.00 396,455.00
2018-09-30 6,793,382.00 931,658.00 411,723.00
2018-06-30 5,803,978.00 397,138.00 409,500.00
2018-03-31 5,701,319.00 273,562.00 412,351.00
2017-12-31 5,670,892.00 210,808.00 411,298.00
2017-09-30 6,020,142.00 116,408.00 398,554.00
2017-06-30 6,108,865.00 172,064.00 384,654.00
2017-03-31 6,362,751.00 259,049.00 386,471.00
2016-12-31 6,497,506.00 301,795.00 367,346.00
2016-09-30 6,407,270.08 502,270.72 305,139.00
2016-06-30 6,063,230.00 462,187.00 333,814.00
2016-03-31 5,237,780.00 483,955.00 302,894.00
2015-12-31 5,216,831.00 464,485.00 297,566.00
2015-09-30 3,486,867.82 485,726.88 246,448.20
2015-06-30 2,078,332.80 579,377.20 122,815.40
2015-03-31 1,239,336.99 510,411.01 97,287.38
2014-12-31 614,497.90 498,457.40 77,131.20
2014-09-30 587,416.90 470,778.70 76,490.10
2014-06-30 560,335.90 443,100.00 75,849.00
2014-03-31 785,356.19 388,162.22 110,254.49
2013-12-31 732,736.10 552,107.50 70,405.50
2013-06-30 55,306.80 128,189.04 96,851.04

*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.
  • Corporación Financiera Colombiana has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Corporación Financiera Colombiana used its assets more efficiently than the South America Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Corporación Financiera Colombiana 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 Corporación Financiera Colombiana'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.
Corporación Financiera Colombiana has a total score of 3/6, 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.

CORFICOLCF Health

 How is Corporación Financiera Colombiana'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 Corporación Financiera Colombiana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporación Financiera Colombiana is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporación Financiera Colombiana's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Corporación Financiera Colombiana'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 1.1x 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 Corporación Financiera Colombiana Company Filings, last reported 3 months ago.

BVC:CORFICOLCF Past Debt and Equity Data
Date (Data in COP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9,968,054.00 9,761,817.00 8,289,067.00
2019-09-30 9,528,021.00 10,090,244.00 6,985,153.00
2019-06-30 8,942,694.00 8,153,695.00 6,727,134.00
2019-03-31 8,545,838.00 7,154,940.00 6,613,666.00
2018-12-31 8,118,689.00 7,201,752.00 6,927,181.00
2018-09-30 7,495,297.00 6,404,576.00 7,252,525.00
2018-06-30 5,589,282.00 6,088,808.00 5,687,129.00
2018-03-31 5,309,695.00 5,428,984.00 6,174,975.00
2017-12-31 5,279,463.00 5,359,276.00 4,233,180.00
2017-09-30 5,198,900.00 5,617,880.00 4,603,627.00
2017-06-30 5,181,234.00 5,708,004.00 4,432,989.00
2017-03-31 5,012,450.00 5,665,867.00 4,438,542.00
2016-12-31 4,948,879.00 5,650,405.00 4,682,607.00
2016-09-30 4,908,011.00 5,326,120.00 4,404,044.00
2016-06-30 4,907,925.00 5,402,320.00 4,486,093.00
2016-03-31 4,026,150.00 3,383,148.00 1,240,495.00
2015-12-31 4,623,603.00 8,404,500.00 4,778,076.00
2015-09-30 4,390,618.12 1,914,909.07 1,340,563.27
2015-06-30 4,277,126.00 7,878,120.00 4,255,580.00
2015-03-31 3,903,211.11 1,915,920.25 821,108.83
2014-12-31 4,591,532.80 1,442,061.80 1,373,579.40
2014-09-30 4,591,532.80 1,442,061.80 1,373,579.40
2014-06-30 4,564,722.40 4,799,842.10 4,579,344.30
2014-03-31 4,564,722.40 4,799,842.10 4,579,344.30
2013-12-31 4,091,714.90 3,884,713.60 4,547,339.90
2013-06-30 3,850,799.50 4,191,892.20 3,642,614.30
  • Corporación Financiera Colombiana's level of debt (93.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.5% vs 93.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Corporación Financiera Colombiana's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Corporación Financiera Colombiana'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. Corporación Financiera Colombiana has a total score of 1/6, 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.

CORFICOLCF Dividends

 What is Corporación Financiera Colombiana'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
6.25%
Current annual income from Corporación Financiera Colombiana dividends.
If you bought COP2,000 of Corporación Financiera Colombiana shares you are expected to receive COP125 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?
  • Corporación Financiera Colombiana's pays a higher dividend yield than the bottom 25% of dividend payers in Colombia (3.34%).
  • Corporación Financiera Colombiana's dividend is below the markets top 25% of dividend payers in Colombia (6.73%).
Upcoming dividend payment

Purchase Corporación Financiera Colombiana 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
BVC:CORFICOLCF 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 1 Analyst Estimates (S&P Global) See Below
South America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.3%
Colombia Market Average Dividend Yield Market Cap Weighted Average of 35 Stocks 7.1%
Colombia Minimum Threshold Dividend Yield 10th Percentile 2.7%
Colombia Bottom 25% Dividend Yield 25th Percentile 3.3%
Colombia Top 25% Dividend Yield 75th Percentile 6.7%

Industry and Market average data is calculated daily.

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

BVC:CORFICOLCF Future Dividends Estimate Data
Date (Data in COP) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-08
BVC:CORFICOLCF Past Annualized Dividends Data
Date (Data in COP) Dividend per share (annual) Avg. Yield (%)
2020-03-30 1,657.900 6.341
2019-02-20 1,657.900 6.122
2017-04-05 672.080 2.554
2016-09-29 640.273 1.902
2016-03-29 640.273 1.709
2016-01-15 640.273 1.771
2015-03-06 608.436 1.715
2014-02-03 637.409 1.765
2011-01-18 792.988 2.568
2010-03-01 1,175.464 4.354
2009-06-30 1,093.692 5.985

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 Corporación Financiera Colombiana's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Corporación Financiera Colombiana's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.7%) - 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 Corporación Financiera Colombiana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporación Financiera Colombiana has a total score of 3/6, see the detailed checks below.


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

CORFICOLCF Management

 What is the CEO of Corporación Financiera Colombiana'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
María Lorena Gutiérrez Botero
CEO Bio

Ms. María Lorena Gutiérrez Botero is the President and Chief Executive Officer at Corporación Financiera Colombiana SA. She served as Member of International Advisory Board at Tilray, Inc. since December 13, 2018. Ms. Botero is the Minister of Commerce, Industry and Tourism, as well as Ambassador of Colombia to Germany, as a member of President Juan Manuel Santos’ government. Ms. Botero served as Director of Banco de Comercio Exterior de Colombia SA – BANCÓLDEX. She was the Chairman of Corporación Financiera Colombiana SA., since August 16, 2018. She has served as a member of numerous boards of directors of international organizations and universities, such as the European Foundation for Management Development, the Sumaq Alliance, the Latin American Council of Administration Schools, the Business Association for Latin American Studies and the Quality Corporation of Colombia.

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

Gabriel Turbay Marulanda

TITLE
Independent Director
TENURE
7 yrs

María Lorena Gutiérrez Botero

TITLE
President & CEO

Maria Isabel Ortiz Aya

TITLE
Comptroller

Juan Alfonso Acosta Echeverria

TITLE
Operations & Systems Manager

Gustavo Antonio Ramírez Galindo

TITLE
Vice President of Investments

Agustín Forero-López

TITLE
Accounting Manager

Alejandro Sánchez Vaca

TITLE
Vice President of Investment Banking

Adriana de Gonzalez Romero

TITLE
Corporate Investor Relations Manager

Marcela Acuña Ramirez

TITLE
Legal Counsel & Secretary General

Leonardo Caicedo

TITLE
Vice President of Corporate Government
Board of Directors Tenure

Average tenure and age of the Corporación Financiera Colombiana board of directors in years:

9.3
Average Tenure
70
Average Age
  • The tenure for the Corporación Financiera Colombiana board of directors is about average.
Board of Directors

Luis Carlos Sarmiento Gutiérrez

TITLE
Chairman of the Board
AGE
57

Gabriel Turbay Marulanda

TITLE
Independent Director

Alejandro Augusto Figueroa Jaramillo

TITLE
Director
AGE
77
TENURE
9.3 yrs

Carlos Arcesio Paz Bautista

TITLE
Director
AGE
70
TENURE
21.6 yrs

Cesar Villegas

TITLE
Non-Independent Director
TENURE
1.3 yrs

Juan Guillermo Serna Valencia

TITLE
Independent Director
AGE
64
TENURE
3.3 yrs

Carlos Eduardo Upegui Cuartas

TITLE
Non-Independent Director
AGE
57
TENURE
1.3 yrs

Efraín Otero Álvarez

TITLE
Alternate Director
AGE
70

Jorge Iván Villegas Montoya

TITLE
Alternate Director
AGE
71
TENURE
32.3 yrs

Juan María Robledo Uribe

TITLE
Alternate Director
AGE
74
TENURE
13.8 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 (COP) Value (COP)
X
Management checks
We assess Corporación Financiera Colombiana'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. Corporación Financiera Colombiana 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.

CORFICOLCF News

Simply Wall St News

CORFICOLCF Company Info

Description

Corporación Financiera Colombiana S.A. operates as a financial company in Columbia and Central America. The company provides investment banking services, including resource procurement, mergers and acquisition, and consultancy; commercial banking products to corporate, business, and private customers; treasury services; and investments products. It is also involved in the infrastructure concessions; transportation and distribution of energy and gas; management and operation of hotels; leasing; and agriculture businesses. The company operates 3,094 kilometers of gas pipeline and serves 3.56 million users in Colombia, and 782,732 users in Peru. It serves government agencies, private companies, asset managers, and institutional investors. The company was founded in 1961 and is headquartered in Bogotá, Colombia. Corporación Financiera Colombiana S.A. is a subsidiary of Grupo Aval Acciones Y Valores S.A.

Details
Name: Corporación Financiera Colombiana S.A.
CORFICOLCF
Exchange: BVC
Founded: 1961
COP7,471,951,117,800
279,448,317
Website: http://www.corficolombiana.com
Address: Corporación Financiera Colombiana S.A.
Carrera 13 No. 26-45,
Floors 3,6,7 and 8,
Bogotá,
Colombia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BVC CORFICOLCF Common Shares Bolsa de Valores de Colombia CO COP 09. Mar 2004
BVC PFCORFICOL Preferred Shares Bolsa de Valores de Colombia CO COP 24. Jan 1995
OTCPK CRPF.Y SP AD PFD B NV Pink Sheets LLC US USD 01. Oct 1993
BDL CORFI SP AD PFD B NV Bourse de Luxembourg LU USD 01. Oct 1993
Number of employees
Current staff
Staff numbers
11,930
Corporación Financiera Colombiana employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:13
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/03/29
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.