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Administradora de Fondos de Pensiones y Cesantias Proteccion SA

Administradora de Fondos de Pensiones y Cesantias Proteccion SA

BBVC:PROTECCION
85,000.00
COP
0.00
(0.00%)
2,278.49EPS
52.67P/E
3.05TMarket Cap
Administradora de Fondos de Pensiones y Cesantias Proteccion SA
BVC:PROTECCION
(Colombia Securities Exchange)

Recent

price

85,000.00

P/E

ratio

52.67

div

yld

1.55%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
COP
18,677.15
27,275.71
22,735.66
22,944.49
27,779.06
29,420.47
34,183.76
34,664.6
36,400.2
37,469.49
38,998.25
39,440.1
Revenue per Share
3,527.56
3,186.2
4,428.19
9,251.78
8,609.41
9,964.4
13,513.56
8,073.77
17,427.41
11,468.61
10,882.64
2,278.49
Basic EPS, GAAP
-6,669.21
1,954.97
5,620.24
9,657.13
9,090.8
8,292.73
9,002.12
8,508.02
6,153.63
2,776.51
2,155.9
4,276
Free Cash Flow per Basic Share
1,088.3
1,485
1,787
2,756
5,172.5
6,535.01
7,043.84
7,241.97
4,327
4,724.01
1,976
1,317.34
Dividend per Share
33,391.16
36,174.44
37,399.86
44,319.06
48,301.23
51,217.39
57,551.04
58,922.57
71,941.55
78,737.23
88,061.31
85,013.1
Book Value per Share
25,497.77
31,478.78
31,892.93
38,305.5
42,365.89
45,347.3
52,043.6
53,500.26
66,542.46
73,339.68
82,679.54
79,495.33
Tangible Book Value per Share
21
21
25
25
25
25
25
25
25
25
25
25
Basic Weighted Avg Shares
396,208
578,614
577,655
582,961
705,795
747,499
868,522
880,739
924,836
952,004
990,846
1,002,071
Sales/Revenue/Turnover
35.32
26.15
31.84
40.78
41.93
43.35
38.29
39.97
37.45
22.44
5.19
2.38
Operating Margin (%)
10,691
44,380
25,576
4,856
10,086
10,522
15,406
13,481
20,436
19,648
18,160
16,905
Depreciation Expense
74,832
67,591
112,509
235,064
218,743
253,170
343,345
205,134
442,786
291,388
276,500
57,891
Net Income, GAAP
32.57
38.47
33.46
28.64
34.69
40.62
30.8
40.11
22.96
28.08
- -
- -
Effective Tax Rate (%)
18.89
11.68
19.48
40.32
30.99
33.87
39.53
23.29
47.88
30.61
27.91
5.78
Profit Margin (%)
49,096
71,303
33,665
68,355
-11,486
62,267
276,418
220,827
257,765
218,394
257,346
280,729
Working Capital
- -
190
25,088
- -
- -
- -
- -
- -
14,824
7,726
8,299
7,098
LT Debt
708,344
919,100
950,235
1,126,034
1,227,211
1,301,303
1,462,225
1,497,072
1,827,851
2,000,512
2,237,413
2,159,966
Total Equity
- -
10.12
12.3
21.5
17.56
19.12
15.86
13.68
15.53
7.73
- -
- -
Return on Invested Capital (%)
- -
8.36
11.93
22.48
18.72
20.12
24.89
13.9
26.66
15.22
- -
- -
Return on Capital (%)
- -
8.31
12.04
22.64
18.59
20.03
24.85
13.86
26.63
15.22
13.05
2.72
Return on Common Equity (%)

Capital Structure

COP

•

in mil. unless spec.
Dec'21
Mar'22
Jun'22
ST Debt
- -
- -
1,432
LT Borrowings
- -
- -
- -
LT Finance Leases
8,299
7,368
7,098
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
3,048,894
3,048,894
3,048,894

Working Capital

COP

•

in mil. unless spec.
Dec'21
Mar'22
Jun'22
Total Current Assets
375,555
346,680
386,879
Cash, Cash Equivalents & STI
304,870
293,215
330,762
Accounts Receivable, Net
80,201
70,161
72,842
Inventories
- -
- -
- -
Total Current Liabilities
118,209
106,418
106,150
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
1,432
Deferred Revenue
- -
- -
- -

Growth Rates

COP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.48%
11.63%
11.84%
Free Cash Flow
7.04%
-20.37%
-22.35%
Net Income, GAAP
24.64%
14.38%
-5.11%
Sales/Revenue/Turnover
10.34%
5.93%
4.08%
Total Cash Common Dividend
17.02%
-15.73%
-58.17%

Quarterly Revenue

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
243,802
232,661
255,376
259,007
990,846
2022
244,427
243,262
232,620
- -
- -

Quarterly Earnings Per Share

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
1,766.54
3,734.99
4,064.5
1,316.62
10,882.64
2022
-782.55
-2,320.06
2,791.99
- -
- -

Quarterly Dividends Per Share

COP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
988
329.34
1,976
2022
- -
- -
- -
- -
- -
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Business
Administradora de Fondos de Pensiones y Cesantias Proteccion SA is a Colombia-based financial services company primarily engaged in pension fund administration, severance pay management, and multi-asset wealth and investment management. Founded in 1991 and headquartered in Medellin, Colombia, the company operates as a key subsidiary of SURA Asset Management and forms part of the Grupo SURA conglomerate. The company delivers a comprehensive portfolio of savings, retirement, and investment solutions to individual, commercial, and institutional clients across Colombia. Its core offerings include mandatory pension administration (Pensiones Obligatorias) structured under the individual capitalization regime across conservative, moderate, and higher-risk multi-funds; severance fund management (Cesantias) providing unemployment coverage, residential property acquisition financing, and higher education funding; voluntary pension plans and tax-advantaged savings solutions (Pensiones Voluntarias) spanning diversified local and global asset classes; institutional and retail asset management products encompassing mutual funds and specialized alternative investment vehicles; and advanced digital financial channels, featuring biometric authentication, mobile self-service portals, and artificial intelligence-driven advisory interfaces including its virtual assistant, Pronto. In recent corporate and strategic developments, SURA Asset Management completed a public tender offer (OPA) on the Bolsa de Valores de Colombia, raising its controlling equity stake in Proteccion SA from 52.31% to 58.95%. Additionally, in response to the enactment of Colombia's comprehensive pension reform (Law 2381 of 2024), the company has accelerated the strategic expansion of its voluntary retirement and wealth management ecosystem (+Proteccion) to capture supplemental long-term savings ahead of regulatory implementation. The company has also streamlined its geographic focus by divesting international holdings, including its stake in El Salvador-based Centro Financiero Crecer SA, while intensifying investments in cloud infrastructure, artificial intelligence, and ESG-integrated portfolio strategies aligned with the United Nations Principles for Responsible Investment (PRI).