Company Valuation: First BanCorp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,817 2,336 2,824 3,027 3,253 3,925 - -
Change - -17.07% 20.87% 7.2% 7.44% 20.66% - -
Enterprise Value (EV) 2,817 2,336 2,824 3,027 3,253 3,925 3,925 3,925
Change - -17.07% 20.87% 7.2% 7.44% 20.66% 0% 0%
P/E 10.5x 8x 9.62x 10.3x 9.64x 10.9x 10.3x 9.54x
PBR 1.32x 1.75x 1.86x 1.82x 1.65x 2.08x 1.91x 1.82x
PEG - 0.4x 1.27x 1.76x 0.5x 0.9x 1.75x 1.23x
Capitalization / Revenue 3.31x 2.54x 3.04x 3.23x 3.25x 3.66x 3.5x 3.39x
EV / Revenue 0x 0x 0x 0x 0x 3.66x 3.5x 3.39x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 6.98x 6.79x 6.53x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.31 0.46 0.56 0.64 0.72 0.8217 0.95 0.9275
Rate of return 2.25% 3.62% 3.4% 3.44% 3.47% 3.14% 3.63% 3.54%
EPS 2 1.31 1.59 1.71 1.81 2.15 2.405 2.546 2.744
Distribution rate 23.7% 28.9% 32.7% 35.4% 33.5% 34.2% 37.3% 33.8%
Net sales 1 851.1 918.4 929.8 938.2 1,001 1,073 1,120 1,158
EBITDA - - - - - - - -
EBIT 1 391.5 475.3 459.5 452.2 499.2 562.6 578 601.1
Net income 1 277.3 305.1 302.9 298.7 344.9 369.4 371 379.8
Net Debt - - - - - - - -
Reference price 2 13.78 12.72 16.45 18.59 20.73 26.18 26.18 26.18
Nbr of stocks (in thousands) 204,440 183,665 171,656 162,839 156,901 149,906 - -
Announcement Date 1/26/22 A 1/27/23 A 1/24/24 A 1/23/25 A 1/27/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.89x - - 3.14% 3.92B
13.54x - - 1.89% 895B
6.48x - - 4.8% 442B
7x - - 4.54% 386B
6.51x - - 4.77% 353B
11.39x - - 2.39% 346B
6.86x - - 4.66% 320B
10.62x - - 4.94% 293B
17.49x - - 2.41% 282B
11.36x - - 2.27% 250B
Average 10.21x 3.58% 357B
Weighted average by Cap. 10.38x 3.44%

Y-o-Y evolution of P/E

Valuation ratios - P/E - First BanCorp.

Historical PBR trend

Valuation ratios - PBR - First BanCorp.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - First BanCorp.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - First BanCorp.


Year-on-year evolution of the Yield

Valuation ratios - Yield - First BanCorp.
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