Banco De Chile ADR BCH

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$22.54 −0.07 (0.31%)

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As of Apr 24, 2024 1:34pm Cboe BZX Real-Time Price Open

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Company Report

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Economic Risks for Banco de Chile Are Decreasing as Inflation Falls and Credit Costs Remain Modest

Michael Miller Mar 26, 2024

Banco de Chile’s reputation and long history in Chile have allowed it to attract a large pool of noninterest-bearing deposits, giving it a lower cost of funds than most of its rivals. This funding advantage has contributed to the bank’s impressive profitability, historically delivering returns on equity in the mid to high teens.

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Price vs Fair Value

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BCH is trading at a 5% premium.

Price

$22.10

Apr 22, 2024

Fair Value

$92.00

Apr 4, 2023

Uncertainty

Medium

1-Star Price: $98.99
5-Star Price: $67.20
Economic Moat: Vndxvm
Capital Allocation: Dqnlcjjyp

Bulls Say, Bears Say

Bulls

Banco de Chile has the lowest cost of funding in Chile. This stable deposit base has been cultivated over many years and is a major contributor to the bank's impressive returns.

Bears

Banco de Chile's impressive results are subject to the macroeconomic health of Chile, and high inflation and high interest rates could drive credit costs higher and loan growth lower.

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News

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Banco de Chile Down Nearly 7%, On Track for Largest Percent Decrease Since March 2023 — Data Talk

Global News Select Mar 21, 2024 4:14pm

Trading Information

Previous Close Price: $22.61
Day Range: $22.54–22.54
52-Week Range: $19.26–24.08
Bid/Ask: $22.49 / $22.68
Market Cap: $11.38 Bil
Volume/Avg: 1 / 197,035

Key Statistics

Price/Earnings (Normalized): 7.83
Price/Sales: 3.17
Dividend Yield (Trailing): 7.40%
Dividend Yield (Forward): 7.40%
Total Yield: 7.42%

Company Profile

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.

Sector: Financial Services
Industry: Banks - Regional
Stock Style Box: Large Core
Total Number of Employees: 12,217
Website: https://www.bancochile.cl

Competitors

Valuation

Metric	BCH	BSAC	ITUB
Price/Earnings (Normalized)	7.83	12.68	8.52
Price/Book Value	1.88	1.46	1.53
Price/Sales	3.17	3.78	2.03
Price/Cash Flow	4.80	12.04	3.60

Price/Earnings

BCH

BSAC

ITUB

Financial Strength

Metric	BCH	BSAC	ITUB
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	BCH	BSAC	ITUB
Return on Assets (Normalized)	2.26%	0.83%	1.44%
Return on Equity (Normalized)	25.13%	13.09%	19.76%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets

BCH