ValueScreener

ValueScreener company report

Banco de Chile (BCH)

NYSE / Financial Services / Banks - Regional

Share price

39.10 USD Market dataClose of Oct 15, 2026

Market capitalisation

19.75B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2024, filed Apr 25, 2025
Ratios computed
Oct 15, 2026
Filed years
9, FY2016 to FY2024
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

19.2% Computed

From the FY2024 filing

Read quality

Financial strength

Debt to equity

n/m Computed

From the FY2024 filing

Why n/m

A bank's deposits are its raw material, not borrowings. Debt to equity computed over a deposit-funded balance sheet says nothing about solvency. Use the equity to assets ratio instead.

Read financial strength

Valuation

Price to earnings

15.58x Computed

FY2024 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

n/m Computed

FY2024 accounts, priced at the latest close

Why n/m

For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.

Read cash generation

Revenue and net income, by fiscal year

FY2015 Revenue: 2.34T CLPFY2015 Net income: 609.90B CLPFY2016 Net income: 575.05B CLPFY2017 Net income: 572.08B CLPFY2018 Net income: -603.63B CLPFY2019 Net income: -603.74B CLPFY2020 Net income: -401.63B CLPFY2021 Net income: -1.06T CLPFY2022 Net income: 1.45T CLPFY2023 Net income: 1.37T CLPFY2024 Net income: 1.25T CLP
Revenue Net income10 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 15.58x at the close of 2026-10-15 on FY2024 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Banks - Regional industry (277 companies), 15.58x sits at the 70th percentile; the middle half of that group runs from 11.79x to 16.19x.

Is it good

Return on equity was 19.2% in FY2024, in the band labelled "Strong" (15.0% to 25.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.

Today, against the Banks - Regional industry (299 companies), 19.2% sits at the 99th percentile; the middle half of that group runs from 6.5% to 11.6%.

Year by year against peers
Whether Banco de Chile's return on equity stayed above the median of the Banks - Regional industry, year by year. (FY2022 to FY2024, 3 fiscal years of Banco de Chile with a comparable figure)
The direction
Which way Banco de Chile's return on equity has moved, and how steadily. (FY2015 to FY2024, 10 filed years of Banco de Chile)
What could explain it
What in Banco de Chile's filed statements could explain the movements. (1 reading drawn from the statement lines Banco de Chile filed)
What to check next
What to check next on Banco de Chile, and where in its filings. (1 question for Banco de Chile)
In one paragraph
One paragraph on Banco de Chile's returns, cash, balance sheet and price. (2 of sixteen figures read for Banco de Chile)

These are BCH’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research BCHPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2024 annual report: 20-F, filed Apr 25, 2025, accession 0001213900-25-035593.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Banco de Chile: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/m

Invested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Return on equity19.2% ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Return on capital employed, pre-tax
Why n/m

Invested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Return on assets2.4% ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Gross margin
Why n/a

No gross profit line is filed for this year.

n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Operating margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Net margin
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Banco de Chile: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/m

A bank's deposits are its raw material, not borrowings. Debt to equity computed over a deposit-funded balance sheet says nothing about solvency. Use the equity to assets ratio instead.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Current ratio
Why n/m

Banks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Quick ratio
Why n/m

Banks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Interest coverage
Why n/m

Interest is what a lender pays for its inventory of money, not a financing charge sitting below the operating line. Interest coverage is not defined for lenders.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Altman Z-score
Why n/m

Altman's Z-Score was estimated on manufacturers and explicitly excludes financial firms. A financial company scores in the distress zone by construction, so the number would be wrong rather than alarming. Not applicable to financials.

n/m ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Net debt
Why n/a

The FY2024 balance sheet carries no net debt we could read.

n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Total assets 52.06TTotal liabilities 45.55TShareholders' equity 6.50TOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Banco de Chile owned and owed at the end of fiscal 2024, from the balance sheet it filed (20-F, filed Apr 25, 2025, 0001213900-25-035593).

Banco de Chile: balance sheet position
Total assets52.06T FiledFY2024 20-F, filed Apr 25, 2025
Total liabilities45.55T FiledFY2024 20-F, filed Apr 25, 2025
Shareholders' equity6.50T FiledFY2024 20-F, filed Apr 25, 2025
Cash3.26T FiledFY2024 20-F, filed Apr 25, 2025
Total debtn/a FiledFY2024 20-F, filed Apr 25, 2025
Net debtn/a
Current ration/m
Debt to equityn/m
  • Debt to equity: FY2024: A bank's deposits are its raw material, not borrowings. Debt to equity computed over a deposit-funded balance sheet says nothing about solvency. Use the equity to assets ratio instead.
  • Current ratio: FY2024: Banks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show.
  • Interest cover: FY2024: Interest is what a lender pays for its inventory of money, not a financing charge sitting below the operating line. Interest coverage is not defined for lenders.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Banco de Chile: what the market charges, each with its source
FigureValue, source and document
Price to earnings15.58x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.99x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Price to sales
Why n/a

Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.

n/a ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Enterprise value to EBIT
Why n/m

Enterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning.

n/m ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Enterprise value to EBITDA
Why n/m

Enterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning.

n/m ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Price to earnings over growth1.00 ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Diluted earnings per share
Why n/a

The FY2024 filing carries no diluted earnings per share we could read.

n/a FiledFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593

We publish no fair value or price target of our own. Value BCH on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Banco de Chile today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Banco de Chile: valuation
Share price39.10 USD
Market capitalisation19.75B USD
Enterprise value to EBITDAn/m
Graham numbern/a
Diluted earnings per share, FY2015n/a

Diluted earnings per share, FY2015: Filed before the 10223-for-10000 split on 6 Jul 2016, the 51-for-50 split on 20 Jul 2017, the 51-for-50 split on 26 Jul 2018 and the 3-for-1 split on 23 Nov 2018, and the filing it was read from cannot be placed against them, so it is not put on today's share count and is not shown beside figures that are.

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Banco de Chile

  1. KeyCorp (KEY)Market cap 21.52B USD
  2. Woori Financial Group Inc. (WF)Market cap 17.14B USD
  3. Grupo Cibest S.A. (CIB)Market cap 23.06B USD
  4. Banco Santander-Chile (BSAC)Market cap 15.46B USD
  5. Regions Financial Corporation (RF)Market cap 23.27B USD

Same industry (Banks - Regional) and size band (Large, 10B to 200B), nearest in market value. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Banco de Chile: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/m

For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.

n/m ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Free cash flow3.68T CLP ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Free cash flow margin
Why n/m

For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Dividend yield
Why n/a

The newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield.

n/a ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Payout ratio65.3% ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
FY2015 Free cash flow: -1.68T CLPFY2015 Net income: 609.90B CLPFY2016 Free cash flow: 134.72B CLPFY2016 Net income: 575.05B CLPFY2017 Free cash flow: 849.34B CLPFY2017 Net income: 572.08B CLPFY2018 Free cash flow: -1.36T CLPFY2018 Net income: -603.63B CLPFY2019 Free cash flow: 1.35T CLPFY2019 Net income: -603.74B CLPFY2020 Free cash flow: -2.50T CLPFY2020 Net income: -401.63B CLPFY2021 Free cash flow: 2.97T CLPFY2021 Net income: -1.06T CLPFY2022 Free cash flow: 109.91B CLPFY2022 Net income: 1.45T CLPFY2023 Free cash flow: 1.70T CLPFY2023 Net income: 1.37T CLPFY2024 Free cash flow: 3.68T CLPFY2024 Net income: 1.25T CLP
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Banco de Chile: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
15.58xFY2024Oct 15, 2026
2.99xFY2024Oct 15, 2026
n/mFY2024Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2024Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2024Apr 25, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2024Oct 15, 2026
n/a The newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield.
n/mFY2024Apr 25, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2024Apr 25, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2024Oct 15, 2026
n/a Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
1.00FY2024Oct 15, 2026
n/mFY2024Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2024Apr 25, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2024Apr 25, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

The figures are computed from the accounts for fiscal 2024, the newest full year on file. 9 filed fiscal years on record, FY2016 to FY2024, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 fiscal years, FY2015 to FY2024. 9 read from the annual reports Banco de Chile filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in CLP, as reported.

Banco de Chile: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2024n/a1.58T1.25Tn/a3.68Tn/a19.2%20-F, Apr 25, 20250001213900-25-035593
FY2023n/a1.70T1.37Tn/a1.70Tn/a22.6%20-F, Apr 26, 20240001213900-24-036675
FY2022n/a1.74T1.45Tn/a109.91Bn/a26.6%20-F, Apr 28, 20230001213900-23-033930
FY2021n/a1.33T-1.06Tn/a2.97Tn/a-21.9%20-F, Apr 29, 20220001213900-22-022791
FY2020n/a504.85B-401.63Bn/a-2.50Tn/a-10.1%20-F, Apr 30, 20210001213900-21-023927
FY2019n/a771.37B-603.74Bn/a1.35Tn/a-15.5%20-F, Apr 30, 20200001213900-20-010484
FY2018n/a756.59B-603.63Bn/a-1.36Tn/a-16.4%20-F, Apr 26, 20190001104659-19-024105
FY2017n/a681.93B572.08Bn/a849.34Bn/a16.1%20-F, Apr 27, 20180001104659-18-027756
FY2016n/a671.25B575.05Bn/a134.72Bn/a17.4%20-F, Apr 27, 20180001104659-18-027756
FY20152.34T692.23B609.90Bn/a-1.68T29.6%19.2%Market data, supplied Oct 15, 2026accession n/a
  • Revenue: Fewer than two filed years carry revenue.
  • Earnings, compound annual growth FY2015 to FY2024: 8.3%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow: Free cash flow was not positive in both 2015 and 2024, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Banco de Chile: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score
Why n/m

The Beneish M-Score is built on gross margin, receivables and asset quality indices estimated on non-financial firms. Those inputs are not defined here.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Piotroski F-score
Why n/m

4 of the nine Piotroski signals are undefined for a bank: signal 5 (falling long-term leverage), signal 6 (rising current ratio), signal 8 (rising gross margin), signal 9 (rising asset turnover). We do not publish a partial score under the full score's name.

n/m ComputedFY2024 20-F, filed Apr 25, 2025, 0001213900-25-035593
Named tests met0 of 30 Computed
Beta0.53 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 12 not met, 18 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Near the 52-week low; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; Cash-covered dividend; Cash-flow yield and ROIC; Clean books, high ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(25)
  • Current Ratio: Banks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show.
  • Debt to Equity: A bank's deposits are its raw material, not borrowings. Debt to equity computed over a deposit-funded balance sheet says nothing about solvency. Use the equity to assets ratio instead.
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • Piotroski F-Score: 4 of the nine Piotroski signals are undefined for a bank: signal 5 (falling long-term leverage), signal 6 (rising current ratio), signal 8 (rising gross margin), signal 9 (rising asset turnover). We do not publish a partial score under the full score's name.
  • EV/EBIT: Enterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning.
  • Return on Invested Capital: Invested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business.
  • Altman Z-Score: Altman's Z-Score was estimated on manufacturers and explicitly excludes financial firms. A financial company scores in the distress zone by construction, so the number would be wrong rather than alarming. Not applicable to financials.
  • Beneish M-Score: The Beneish M-Score is built on gross margin, receivables and asset quality indices estimated on non-financial firms. Those inputs are not defined here.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Rev Growth 5Y: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Gross Margin: No gross profit line is filed for this year.
  • Asset Turnover: A lender's assets are loans and securities that earn interest, not plant used to produce sales. Revenue over assets is not a turnover measure here.
  • EV/EBITDA: Enterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning.
  • Interest Coverage: Interest is what a lender pays for its inventory of money, not a financing charge sitting below the operating line. Interest coverage is not defined for lenders.
  • Dividend Yield: The newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield.
  • Free Cash Flow Yield: For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: Invested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business.
  • Price To Ncav: Net current asset value needs current assets, which an unclassified balance sheet does not report.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Owner Earnings Yield: For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.
  • Capex To Ocf: For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.
  • P/S Ratio: Our archived income statement for this filer carries no revenue line. A development-stage company files exactly that, with no revenue to report. Either way there is no denominator, and a ratio measured against a missing denominator is not zero, it is nothing.
  • Dividend Coverage Ratio: For a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 25 figures could not be read on this company, among them Current Ratio, Debt to Equity, Positive Earnings Streak. Each blank in the table above names the rest, with its reason. 18 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 9 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.