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Data-driven stock valuation

Bicecorp S.A. (BICE) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Bicecorp S.A. stock CLP 262, price CLP 432, that is 39.4% below the price, quality 30 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services CL

BS Bicecorp S.A. logo Thin data Nov 3, 2026

Bicecorp S.A.

BICE · SN
Very expensive, weak quality

Our calculation puts a fair price 39% below what the stock costs today.

2.4% dividend yield · Low payout
Costs just 0.4 times its yearly profit.
Mixed Growth (revenue 3y +21.6 %/yr in CLP)
Thin margins · 6.2% net margin (TTM)
Fair value 261.70 CLP · Strongly overvalued
Quality 30/100
Trails peers (3/10)
Narrow moat 40/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

438.90 CLP 71.77 CLP Fair Value 261.70 CLP Jul 2015 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 71.77 CLP – 438.90 CLP · fair‑value band 196.27 CLP – 531.45 CLP · the 431.70 CLP price screens above the 261.70 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Bicecorp S.A. provides various financial products and services in Chile.

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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 431.70 CLP, while our model-based Fair Value estimate is 261.70 CLP, 39% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of 731.87 CLP per share, and 2 of the 12 models we run sit above the 431.70 CLP price.

Bear case: the Asset-Based group reads lowest at 145.22 CLP, and 10 of the 12 models stay below the price. Data coverage for this calculation is low.

Scenario range: 196.27 CLP (bear) to 531.45 CLP (bull), the price of 431.70 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 (≈ $4.5B) Mid · P/E ratio 0.4 · P/S ratio 0.02 · EPS (TTM) 981.20 CLP · Dividend yield 2.4% · Net margin 5.0% · Return on equity 11.5% · Return on assets (EBIT) 1.2% (4-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).

What moves the price

The share trades about 2% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −39% fair-value upside, at −39%, BICE screens richer than that median.

Fair Value models

Bear 196.27 CLP Fair Value 261.70 CLP Bull 531.45 CLP
Price 431.70 CLP · Downside -39.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (832.45 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income 204.19 CLP 219.99 CLP 245.86 CLP 73
Rev-Margin DCF n/a 299.28 CLP 921.85 CLP 66
5Y P/E Exit n/a 166.63 CLP 531.45 CLP 65
All 12 models by family
DCF Models
5Y P/E Exit n/a 166.63 CLP 531.45 CLP 65
10Y P/E Exit n/a 256.74 CLP 743.50 CLP 58
Earnings-Based
Graham-Dodd 136.89 CLP 954.63 CLP 1,340 CLP 60
Lynch FV 356.37 CLP 509.10 CLP 661.83 CLP 58
Dividend Discount
Gordon GGM 179.67 CLP 364.68 CLP 563.20 CLP 64
DDM Multi-Stage 179.67 CLP 311.84 CLP 384.01 CLP 64
Multiples
P/E Multiple 196.27 CLP 261.70 CLP 327.12 CLP 63
P/B Multiple 227.59 CLP 303.45 CLP 379.31 CLP 55
Asset-Based
NCAV (Graham) 108.37 CLP 145.22 CLP 216.75 CLP 54
Growth DCF
Growth DCF 35.59 CLP 376.83 CLP 1,054 CLP 64
Rev-Margin DCF n/a 299.28 CLP 921.85 CLP 66
Economic Profit
Residual Income 204.19 CLP 219.99 CLP 245.86 CLP 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 30/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 19
How much profit the company makes from its sales and capital
Quality Growth 53
Are margins and returns getting better?
Cashflow 39
Do the profits arrive as real cash?
Financial strength 15
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 94
How calm the share price moves, does not count
Price momentum 62
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 84
Distance to the 52-week high, does not count
New shares 27
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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%
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.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.4%
Dividend (yield on the price)2.4%
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%

BICE screens overvalued: fair value 39% below the price. Compare with ORIX Corporation →

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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 · 49 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −39.4% · Below median
Profitability
Return on equity (12 months) 11.5% · Above median
Return on assets 0.6% · Bottom 25%
Net margin (12 months) 6.2% · Bottom 25%
Operating margin (12 months) 7.1% · Below median
Growth and dividend
Revenue growth (quarter YoY) 14.8% · Above median
Dividend yield (12 months) 2.4% · Below median
Balance sheet
Debt / equity 2.22× · Highest 25%

Valuation Multiplesvs Financial Conglomerates median · lower = cheaper

P/E (12 months) 0.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 39
FUTURE (revenue growth)74 · sector 71
PAST (return on equity)46 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)48 · sector 64

VALUE 0: the price sits above our fair-value range.

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Guosen Securities Co 002736 ¥9.03 ¥15.33 +70% vs BICE
ORIX Corporation IX $34.85 $59.05 +69% vs BICE
China Galaxy Securities Co 601881 ¥11.81 ¥12.36 +5% vs BICE
CNPC Capital Company 000617 ¥6.49 ¥6.25 −4% vs BICE
Voya Financial, Inc VOYA $99.01 $60.87 −39% vs BICE
Aditya Birla Capital Limited ABCAPITAL ₹398.80 ₹217.72 −45% vs BICE
Storebrand ASA STB kr 200.00 kr 108.73 −46% vs BICE
Bajaj Finserv Ltd BAJAJFINSV ₹1,865 ₹796.21 −57% vs BICE
Yuanta Financial Holding 2885 69.40 TWD 23.12 TWD −67% vs BICE
Freedom Holding FRHC $178.85 $23.86 −87% vs BICE

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Bicecorp S.A.: fair value per Fair Value Calculator

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 Nov 3, 2026, our model estimates a fair value of 261.70 CLP versus a price of 431.70 CLP, about 39% lower (overvalued).
What is the fair value of BICE?
Our model-based fair value for Bicecorp S.A. is 261.70 CLP (as of Nov 3, 2026), built from audited fundamentals. The current price: 431.70 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 Nov 3, 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 39% lower versus a price of 431.70 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 4.4T CLP (latest available figure, as of Nov 3, 2026).
Does Bicecorp S.A. pay a dividend?
Bicecorp S.A. currently shows a dividend yield of 2.42% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Bicecorp S.A. (BICE) and when is the ex-dividend date?
Bicecorp S.A. pays a dividend of 10.45 CLP per share a year, a dividend yield of 2.4%. The last ex-dividend date was May 8, 2026. A dividend has been paid every year since at least 2010. The payout ratio is 1.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
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 Nov 3, 2026), against a price of 431.70 CLP. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Bicecorp S.A. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, BICE trades above its calculated fair value: price 431.70 CLP, fair value 261.70 CLP, a gap of about −39% (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 (431.70 CLP); the fair value is what the company's own numbers justify (261.70 CLP). For Bicecorp S.A. the two are 170.00 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 Nov 3, 2026). Per share that is 431.70 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 Nov 3, 2026, price 431.70 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 0.4 (as of Nov 3, 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.
How solid is the balance sheet of Bicecorp S.A. (BICE)?
Balance-sheet figures for Bicecorp S.A. (as of Nov 3, 2026): return on equity 11.5%, 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 431.70 CLP, about 2% below its 52-week high of 438.90 CLP and 36% above the low of 317.54 CLP (as of Nov 6, 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 Nov 3, 2026: price 431.70 CLP, calculated fair value 261.70 CLP (−39%), 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 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 261.70 CLP builds on their evidence-weighted average, 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 13.3% 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 Nov 6, 2026 was 431.70 CLP. Our model-based fair value is 261.70 CLP, about 39% lower (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 (≈ $4.5B). 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 0.02 (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 981.20 CLP (price ÷ EPS = P/E 0.4). 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 2.4% (payout 1.1%). 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 11.5% (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 7.1% (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 +14.8% 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 +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bicecorp S.A. (BICE) generate?
The free cash flow of Bicecorp S.A. is 275B CLP (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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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