# Popular Inc (BPOP) — Stock CV

Popular Inc is a $9.97B financial services company. Revenue grew 2.6% over the last year, and it keeps 189¢ of every dollar of sales as profit. It trades at 10.3× earnings — around the middle of its own history.

> Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, a bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a…

## Identity

- **Ticker**: BPOP
- **Sector**: Financial Services
- **Industry**: State Commercial Banks
- **Headquarters**: HATO REY, PR
- **Employees**: 9 427
- **Website**: https://www.popular.com
- **Market cap**: $9.97B
- **Last price**: $156.29
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $513M
- **Net income**: $969M
- **Free cash flow**: $807M
- **Net debt**: $1.19B
- **P/E**: 10.3
- **Revenue growth (YoY)**: 2.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 72 |
| Growth | 32 |
| Profitability | 90 |
| Health | 45 |
| Quality | 57 |
| Moat | 43 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +2.6% YoY
- [x] Profitable — $969M TTM
- [ ] Profit growing — -5.6% YoY
- [x] Generates cash — $807M TTM
- [x] Debt under control — ~1.5y of cash flow to repay
- [x] Established company — $9.97B market cap
- [x] Not printing shares — -21.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 25/100
- [x] Pays a dividend — yield 1.99%
- [x] Valuation not extreme — P/E 10.3

## Experience (career milestones)

- **FY2022** — Best year on record: $1.10B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.93B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2006** — Popular Holdings was the main organiser of BookFest@Singapore, the first Chinese-language book fair…
- **1924** — The first Popular Bookstore was set up in 1924 by Chou Sing Chu ( 

## Strengths

- Strongly profitable — 188.8% net margin
- Strong cash conversion — FCF is 157.3% of revenue
- High returns on invested capital (ROIC 24.4%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.76B | $935M | $932M |
| FY2022 | $345M | $1.10B | $911M |
| FY2023 | $385M | $541M | $479M |
| FY2024 | $399M | $614M | $461M |
| FY2025 | $414M | $833M | $681M |

---

Source: https://stockcv.com/BPOP — derived from company filings; may be delayed or incomplete. Information, not investment advice.