BAP vs. SHG: Credicorp vs. Shinhan Financial Stock Comparison

Company Profile

Credicorp (BAP) and Shinhan Financial (SHG) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Credicorp (BAP) trades as ordinary local shares, while Shinhan Financial (SHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Credicorp (BAP) at 20.41% delivers above-range ROE, while Shinhan Financial (SHG) at 8.94% falls into the bottom quartile — a wide split in profit generated from equity.

Credicorp (BAP) at 33.10% keeps about the industry-typical share of revenue as profit, while Shinhan Financial (SHG) at 26.15% retains only a bottom-quartile share.

Neither side reports a meaningful operating margin: for Credicorp (BAP) in Banks and Shinhan Financial (SHG) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Credicorp (BAP) at 11.57% is around its peer norm for revenue growth, while Shinhan Financial (SHG) at 4.66% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Both Credicorp (BAP) at 26.04% and Shinhan Financial (SHG) at 16.24% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Credicorp (BAP) in Banks and Shinhan Financial (SHG) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Credicorp (BAP) in Banks and Shinhan Financial (SHG) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Both Credicorp (BAP) at 14.37% and Shinhan Financial (SHG) at 4,638.28% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

Shinhan Financial (SHG) at 25.22% pays out a band-typical share of earnings, while Credicorp (BAP) at 53.95% distributes more than its industry norm — less retained, thinner cover.

Dividend Metrics

Valuation

Shinhan Financial (SHG) at 7.98 sits in the cheaper P/E ratio quartile, while Credicorp (BAP) at 13.10 is closer to its industry’s usual earnings multiple — a discount for SHG, though growth and earnings durability still matter.

P/S ratio is set aside for both Credicorp (BAP) in Banks and Shinhan Financial (SHG) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Shinhan Financial (SHG) at 0.66 sits in the lower P/B ratio quartile relative to book while Credicorp (BAP) at 2.57 prices above its industry range — a wide valuation gap against assets.

Valuation Metrics