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BICE.SN

Bicecorp S.A. (BICE.SN) fair value

Financial Services · Financial Conglomerates · BCS · Chile
CLP 426.00+0.30%
Market cap CLP 4.32TNext earnings 2026-11-27Updated Oct 24, 2026 · valuation updating
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Our verdict
No fair value
We are missing the financial data our models need for this company. It will appear once the data arrives.
Not valued: there are no financial statements on file yet.
ACCE opinionBicecorp S.A. (BICE.SN)
Fair value
Not available
ACCE price target
CLP 440
Rating
Not rated
Horizon
12 months
ACCE price target published on 20 Oct 2026, 02:20 CEST.
Price used: CLP 426 at the close on 23 Oct 2026, 21:00 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
66
out of 100
P/E
0.4x
forward 10.0x
1-year return
+31.7%
Dividend yield
2.42%

Bicecorp S.A. in four questions

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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Bicecorp is a Chilean financial conglomerate whose core businesses are retail and commercial banking through Banco BICE, along with insurance and asset management subsidiaries. Its most distinctive feature is a diversified mix that spreads earnings across lending, fee income and insurance rather than relying on a single spread business. Revenue grew 14.8% in the latest reported period, and return on equity of 11.5% is respectable for a Chilean lender, though the 7.1% operating margin and 0.4 trailing P/E in the data we have need checking against the reported earnings base before anyone leans on them. The stock carries no index membership and a 66/100 score, so it sits outside the screens that usually pull in coverage, which is part of why it merits a look. The question for the deeper work is whether that growth is coming from a durable loan book or from a one-off earnings item.

AI-assisted·How I use AIWritten Oct 20, 2026

Next results

Nov 27, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

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Valuation

INVESTOR
Where BICE.SN's valuation models land
Price
CLP 426.00
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Quality

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Analysts

Wall Street consensus

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Smart Money

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In one line

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Company insiders
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Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Where it sits vs peers

News and Record

Recent performance

1 week
-2.9%
1 month
-1.6%
3 months
+4.7%
6 months
+4.8%
YTD
+14.2%
1 year
+31.7%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 02:20 CESTACCE price targetCLP 440first publicationCLP 430

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in CLP. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth60Value84Quality41Momentum77Total66
Valuation
Trailing P/E
0.4x
Forward P/E
10.0x
PEG
0.03
P/B
1.69x
EV / Revenue
1.2x
Book value/sh
CLP 248.87
Enterprise value
CLP 5.35T
Profitability
ROE
11.5%
FCF yield
6.36%
ROIC
1.7%
Health and risk
Debt / equity
3.03
Dividend yield
2.42%
Beta
0.18

Price

+28.7% · 1Y

Ask anything about BICE.SN

Answered from Bicecorp S.A. fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.4x0.4xhigh 66.5x
ROEbetter than 80% of peers
low 5%11%high 23%
Div yieldbetter than 83% of peers
low 0.0%2.4%high 3.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
BICE.SN Bicecorp S.A.CLP 426.00--0.4x11.5%4166
AMP.AX AMP LimitedA$2.41A$233% above30.1x5.1%6165
VOYA Voya Financial Inc. Common Stock$95.81$10912% below16.1x9.6%5960
HTH Hilltop Holdings Inc.$36.36$4824% below13.5x7.6%7456
ABCAPITAL.NS Aditya Birla Capital Limited₹347.25--23.0x-5271
FRHC Freedom Holding Corp. Common Stock$171.22--66.5x10.7%5353
8473.T SBI Holdings, Inc.¥2925.00--4.7x23.4%7771

Sector report card

Where BICE.SN ranks against its sector peers on each metric.

Computing percentiles…