Bicecorp S.A. (BICE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bicecorp S.A. CLP 262, price CLP 433, upside -39.6%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 71.77 CLP – 433.03 CLP · fair‑value band 196.27 CLP – 531.45 CLP · the 433.03 CLP price screens above the 261.70 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bicecorp S.A. provides various financial products and services in Chile.
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Bicecorp S.A. provides various financial products and services in Chile. The company provides personal and corporate banking services, treasury services, deposit collections, checking accounts, credit and debit cards, financing for foreign trade activities, working capital and project financing, leasing operation services, document discounting, mortgage and consumer loans, consumer loans, cash management, structuring of syndicated loans, and products and services related to investments and savings. It offers insurance products, including private and pension insurance, individual insurance, group life, health and tax relief insurance, mass insurance, and AFP insurance products. In addition, the company factoring, mortgage mutual funds, automotive financing and leasing, non-bank factoring, securitization, investment banking, and real estate asset management services. The company was incorporated in 1978 and is based in Las Condes, Chile.
Stock analysis
Bicecorp S.A. (BICE) currently trades at 433.03 CLP, while our model-based Fair Value estimate is 261.70 CLP, implying the stock looks roughly 65.5% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 509.10 CLP per share, and 2 of the 12 models we run sit above the 433.03 CLP price.
Bear case: the DCF Models group reads lowest at 161.69 CLP, and 10 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 196.27 CLP (bear) to 531.45 CLP (bull), the price of 433.03 CLP sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bicecorp S.A. reported revenue of 4.1T CLP in FY2025 versus 2.3T CLP in FY2022, a compound +21.6%/yr. Reported net income was 205B CLP in FY2025, compounding −2.6%/yr from FY2022.
Key figures
Market cap 4.4T CLP (≈ $4.4B) · P/E ratio 15.7 · P/S ratio 0.79 · EPS (TTM) 27.52 CLP · Dividend yield 5.3% · Net margin 5.0% · Return on equity 10.7% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at −40%, BICE screens richer than that median.
Fair Value models
Bear 196.27 CLPFair Value 261.70 CLPBull 531.45 CLP
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (20.13 CLP per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+79.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in CLP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in CLP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−0.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.4%
Dividend (yield on the price)5.3%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 8%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Chile: IMF forecast 3.0% a year to 2030, 4.5% from 2016 to 2025) that is about +16.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Financial Conglomerates · 57 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−40% · Below median
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Below median
Net margin (TTM)6% · Below median
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth17% · Above median
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity2.22× · Highest 25%
Valuation Multiplesvs Financial Conglomerates median · lower = cheaper
P/E (TTM)15.7× · Cheaper than median
P/B1.78× · Pricier than median
P/S (TTM)1.05× · Cheaper than median
P/FCF0.0× · Cheapest 25%
EV/EBITDA20.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 7
FUTURE (revenue growth)84· sector 39
PAST (return on equity)43· sector 30
HEALTH (low debt)0· sector 83
DIVIDEND (yield)100· sector 54
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bicecorp S.A. Fair Value". https://www.fairvalue-calculator.com/stock/BICE
Frequently asked questions
Is Bicecorp S.A. (BICE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 261.70 CLP versus a price of 433.03 CLP, about −40% upside (overvalued).
What is the fair value of BICE?
Our model-based fair value for Bicecorp S.A. is 261.70 CLP (as of Sep 24, 2026), built from audited fundamentals. The current price: 433.03 CLP.
What is the quality score of BICE?
Bicecorp S.A. has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bicecorp S.A. (BICE)?
Our model-based price target is the fair value of 261.70 CLP (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 196.27 CLP, optimistic scenario 531.45 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Bicecorp S.A. stock forecast for 2026?
Our models put fair value at 261.70 CLP, about −40% upside versus a price of 433.03 CLP (overvalued). Cautious scenario 196.27 CLP, optimistic scenario 531.45 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Bicecorp S.A. (BICE)?
Bicecorp S.A. reported trailing-twelve-month revenue of about 4.2T CLP (latest available figure, as of Sep 24, 2026).
Does Bicecorp S.A. pay a dividend?
Bicecorp S.A. currently shows a dividend yield of about 5.31% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bicecorp S.A. (BICE)?
For today's price to be fair in a discounted-cash-flow model, Bicecorp S.A. would have to grow free cash flow by +20.0 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +21.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BICE use?
Our models discount Bicecorp S.A. at 9.3 %: a base by market capitalisation (mid), damped by beta 0.22, country premium for Chile. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bicecorp S.A. that is +20.0 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Bicecorp S.A. (BICE) delivered so far?
Over the past 3 years revenue at Bicecorp S.A. grew +21.7 % a year. The price currently implies +20.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bicecorp S.A. (BICE) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Bicecorp S.A. (+20.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bicecorp S.A. (BICE)?
The free-cash-flow yield on the price is 6.24 %: that much free cash flow Bicecorp S.A. produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bicecorp S.A. (BICE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bicecorp S.A. it is 261.70 CLP per share (as of Sep 24, 2026), against a price of 433.03 CLP. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Bicecorp S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BICE trades above its calculated fair value: price 433.03 CLP, fair value 261.70 CLP, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BICE?
No. The price is what the market pays today (433.03 CLP); the fair value is what the company's own numbers justify (261.70 CLP). For Bicecorp S.A. the two are 171.33 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Bicecorp S.A. worth?
The market values Bicecorp S.A. at about 4.4T CLP (market capitalisation, as of Sep 24, 2026). Per share that is 433.03 CLP; our models calculate a fair value of 261.70 CLP per share.
What do the bullish and bearish scenarios say about BICE?
Our models span a range for Bicecorp S.A.: cautious scenario 196.27 CLP, base 261.70 CLP, optimistic 531.45 CLP per share (as of Sep 24, 2026, price 433.03 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BICE?
Bicecorp S.A. trades at a price-to-earnings ratio of 15.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 261.70 CLP is built from several models across several years. Other multiples: P/B 1.8, P/S 1.0, EV/EBITDA 20.8.
How solid is the balance sheet of Bicecorp S.A. (BICE)?
Balance-sheet figures for Bicecorp S.A. (as of Sep 24, 2026): return on equity 10.7%, debt of 2.22 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is BICE from its 52-week high?
Bicecorp S.A. trades at 433.03 CLP, at its 52-week high of 433.03 CLP and 53% above the low of 283.33 CLP (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 261.70 CLP is for.
Which stocks are comparable to Bicecorp S.A.?
From the same area (Financial Services) we also value ORIX Corporation, Bajaj Finserv Ltd, Yuanta Financial Holding, China Galaxy Securities Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bicecorp S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 433.03 CLP, calculated fair value 261.70 CLP (−40%), Quality Score 30/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BICE calculated?
We run Bicecorp S.A. through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 261.70 CLP, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Bicecorp S.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bicecorp S.A. (BICE)?
The closing price on Sep 23, 2026 was 433.03 CLP. Our model-based fair value is 261.70 CLP, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bicecorp S.A. right now?
Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (196.27 CLP to 531.45 CLP). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Bicecorp S.A.
How large is the market capitalisation of Bicecorp S.A. (BICE)?
The market capitalisation of Bicecorp S.A. is 4.4T CLP (≈ $4.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bicecorp S.A. (BICE)?
The price-to-sales ratio of Bicecorp S.A. is 0.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bicecorp S.A. (BICE)?
Earnings per share at Bicecorp S.A. are 27.52 CLP (price ÷ EPS = P/E 15.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bicecorp S.A. (BICE)?
The dividend yield of Bicecorp S.A. is 5.3% (payout 83.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bicecorp S.A. (BICE)?
The net margin of Bicecorp S.A. is 5.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bicecorp S.A. (BICE)?
The return on equity (ROE) of Bicecorp S.A. is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bicecorp S.A. (BICE)?
On an EBIT basis the return on assets of Bicecorp S.A. is 1.2% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bicecorp S.A. (BICE)?
The operating margin of Bicecorp S.A. is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bicecorp S.A. (BICE)?
Revenue at Bicecorp S.A. is growing +16.8% versus a year earlier (3y avg +21.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bicecorp S.A. (BICE)?
Earnings per share at Bicecorp S.A. are growing +22.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bicecorp S.A. (BICE) carry?
The net debt of Bicecorp S.A. is 5.8T CLP (fiscal year 2025, ≈ 21.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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