1. Colombia Stocks

  2. •

    Finance

  3. •

    Major banks
Grupo Bolivar SA

Grupo Bolivar SA

BBVC:GRUBOLIVAR
78,340.00
COP
+740.00
(+0.95%)
-4,303.77EPS
5.21TMarket Cap
Grupo Bolivar SA
BVC:GRUBOLIVAR
(Colombia Securities Exchange)

Recent

price

78,340.00

P/E

ratio

- -

div

yld

6.54%

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
COP
13,827.08
39,187.65
62,987.19
72,809.02
83,761.67
73,440.46
128,371.97
95,728.68
109,958.73
120,478.71
130,359.5
150,447.97
157,920.29
177,539.33
208,500.39
226,224.24
219,318.82
Revenue per Share
12,446.34
4,866.06
7,368.81
6,622.36
5,672.14
5,519.7
15,758.21
10,688.7
15,197.86
13,423.18
13,389
15,531
5,075
11,705
13,422
3,690
-461.19
Basic EPS, GAAP
-844.25
-16,857.98
-16,265.85
-7,334.55
-22,184.73
-26,532.1
-57,757.27
-36,473.19
8,453.95
-41,397.36
11,724.23
-32,201.66
33,533.34
15,129.34
15,375.86
63,736.86
-7,249.67
Free Cash Flow per Basic Share
1,680.19
375.48
506.14
554
602
662.1
1,122.71
784.09
888.34
996.88
1,108.97
1,288.04
1,465.9
1,417.01
4,686.03
4,958.44
5,121.44
Dividend per Share
100,714.8
25,586.35
13,147.97
12,658.81
47,771.4
52,948.94
64,074.78
76,408.02
90,005.74
103,437.24
114,356.24
129,254.6
135,416.68
149,145.05
160,295.77
161,094.6
149,570.3
Book Value per Share
100,631.56
8,400.2
-2,832.18
-2,360.4
33,342.41
31,754.14
42,420.51
54,012.76
67,485.65
80,461.51
91,181.95
105,059.14
111,236.07
125,349.03
134,904.24
135,208.97
123,176.32
Tangible Book Value per Share
16
79
79
79
79
79
50
79
79
79
79
79
79
79
79
79
79
Basic Weighted Avg Shares
219,743
3,088,001
4,963,414
5,740,509
6,604,053
5,791,898
6,412,387
7,555,463
8,680,595
9,513,876
10,296,083
11,885,738
12,480,993
14,036,816
16,489,659
17,894,215
17,347,664
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
35
196,124
150,615
141,667
139,202
131,884
64,353
82,909
111,840
121,488
133,338
308,987
342,279
340,054
372,993
408,465
422,795
Depreciation Expense
197,800
383,447
580,665
522,129
447,211
435,312
787,148
843,614
1,199,782
1,059,992
1,057,493
1,226,985
401,095
925,434
1,061,505
291,877
-36,479
Net Income, GAAP
- -
16.78
18.35
21.13
25.88
25
29.36
27.13
25.2
21.89
24.08
20.37
9.3
26.81
28.46
- -
- -
Effective Tax Rate (%)
90.01
12.42
11.7
9.1
6.77
7.52
12.28
11.17
13.82
11.14
10.27
10.32
3.21
6.59
6.44
1.63
-0.21
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
206,268
4,288,097
6,069,792
8,555,615
10,677,478
12,015,842
14,995,699
19,779,807
19,886,010
23,002,824
24,635,888
28,356,734
30,396,990
34,244,956
41,063,970
34,296,413
31,200,329
LT Debt
1,600,821
3,139,883
2,646,484
3,287,057
3,764,404
7,264,437
8,455,488
9,948,339
11,531,281
12,944,668
14,044,742
15,709,967
16,307,977
18,007,457
19,744,457
19,147,914
18,319,747
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
13.34
4.16
4.31
2.38
0.79
0.51
1.55
1.04
1.41
1.42
1.11
1.27
0.35
0.65
0.54
- -
- -
Return on Capital (%)
15.17
21.2
38.05
51.35
18.78
10.97
17.07
15.23
18.27
13.88
12.3
12.75
3.84
8.23
8.68
2.3
-0.29
Return on Common Equity (%)

Capital Structure

COP

•

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
79
79
Market Capitalization
4,191,947
4,665,712
5,211,548

Working Capital

COP

•

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
16,080,737
18,431,073
12,121,718
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

COP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.35%
6.54%
-3.02%
Free Cash Flow
-112.12%
-63.51%
314.59%
Net Income, GAAP
14%
4.33%
-72.5%
Sales/Revenue/Turnover
12.02%
11.78%
8.52%
Total Cash Common Dividend
31.79%
52.67%
5.83%

Quarterly Revenue

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
4,165,992
4,791,951
5,172,402
2,588,596
16,489,659
2023
4,874,305
4,502,871
5,006,634
3,104,601
17,894,215
2024
4,733,558
- -
- -
- -
- -

Quarterly Earnings Per Share

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,816.02
5,039
4,580
987.52
13,422
2023
357.74
278.89
447
2,606.27
3,690
2024
-3,793.12
- -
- -
- -
- -

Quarterly Dividends Per Share

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
362.37
1,959.17
1,827.71
536.9
4,686.03
2023
590.47
1,793.58
1,806.84
768
4,958.44
2024
753.25
- -
- -
- -
- -
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Business
Grupo Bolívar S.A. is a financial and commercial holding company that operates diversified businesses across the banking, insurance, real estate construction, and hospitality sectors. Founded in 1939 and headquartered in Bogotá, Colombia, the company delivers products and services to individuals, small and medium-sized enterprises (SMEs), and large corporate institutions across Latin America and North America, primarily in Colombia, Panama, Costa Rica, Honduras, El Salvador, and the United States. The company manages its operations through three primary business divisions: Financial and Banking Services, Insurance Services, and Construction and Real Estate. Through its banking entities, spearheaded by Banco Davivienda S.A. and Davivienda Group S.A., the company offers retail and commercial banking products, including savings, checking, and term deposit accounts; consumer loans, credit cards, auto financing, and residential mortgages; corporate credit facilities, financial leasing, trade finance, and factoring; investment banking, asset management, and brokerage services via Davivalores; and digital payment and mobile wallet solutions via DaviPlata. Through its insurance division, which includes Compañía de Seguros Bolívar S.A. and Seguros Comerciales Bolívar S.A., the company provides individual life, health, personal accident, and unemployment coverage; residential, automotive, and personal property insurance; commercial property, general liability, surety, maritime, and agricultural insurance; and occupational risk management services through ARL Bolívar. Through Constructora Bolívar S.A., the company develops, manages, constructs, and commercializes social-interest residential housing, master-planned communities, and commercial real estate, complemented by hospitality management operations through CB Hoteles y Resorts. In recent corporate developments, the company significantly expanded its regional banking footprint through the strategic acquisition and integration of Scotiabank operations across Colombia, Costa Rica, and Panama into the Davivienda Group, granting Scotia Colombia Holdings Inc. a 20 percent equity stake upon completion in late 2025. To support this international footprint, the organization finalized a corporate restructuring establishing Davivienda Group S.A. as the overarching holding company for its domestic and foreign banking assets. Furthermore, the company strengthened its digital financial ecosystem by acquiring fintech payment provider ePayco, secured a US$150 million investment from the International Finance Corporation (IFC) for a 7.1 percent stake in Holding Davivienda Internacional to drive Central American expansion, completed major bond issuances in international capital markets, secured international credit facilities dedicated to sustainable housing and women-led entrepreneurship, and continued to scale digital banking alliances including its RappiPay joint venture.