Financials Banco Davivienda S.A.

Equities

PFDAVVNDA

COB51PA00076

Banks

End-of-day quote Bolsa De Valores De Colombia Other stock markets 11/03/2026			5-day change	1st Jan Change
26,540.00 ^COP	0.00%		-4.81%	+6.93%

24/02	Scotiabank Quarterly Earnings Rise With Growth Across Its Operations	DJ
02/12	Scotiabank Quarterly Earnings Buoyed by Global Wealth Management, Markets Operations	DJ

Projected Income Statement: Banco Davivienda S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	88,14,000	91,11,378	1,10,13,000	1,11,86,000	1,06,51,000	1,22,02,734	1,52,92,211	1,74,31,949
Change	-	3.37%	20.87%	1.57%	-4.78%	14.57%	25.32%	13.99%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	4,76,000	17,73,000	57,66,000	49,23,000	51,32,000	58,11,472	81,84,069	97,36,896
Change	-	272.48%	225.21%	-14.62%	4.25%	13.24%	40.83%	18.97%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	4,76,000	17,73,000	23,20,000	-9,94,000	-64,000	19,64,849	30,00,581	39,04,667
Change	-	272.48%	30.85%	-142.84%	93.56%	3,170.08%	52.71%	30.13%
Net income ¹	4,08,000	12,39,000	15,93,000	-3,95,000	-90,000	14,95,622	20,43,852	27,76,044
Change	-	203.68%	28.57%	-124.8%	77.22%	1,761.8%	36.66%	35.82%
Announcement Date	25/02/21	24/02/22	24/02/23	22/02/24	20/02/25	-	-	-

¹COP in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	22,39,000	20,63,611	23,35,280	23,20,618	23,90,952	25,08,998	26,46,739	26,68,262	28,02,000	30,74,764	29,40,389	24,74,142	27,60,000	27,29,918	27,34,000	26,88,929	26,25,000	28,37,776	30,16,000	27,50,000	31,62,339	33,37,188	34,95,783	37,14,558	39,89,046
Change	-	-7.83%	13.16%	-0.63%	3.03%	4.94%	5.49%	0.81%	5.01%	9.73%	-4.37%	-15.86%	11.55%	-1.09%	0.15%	-1.65%	-2.38%	8.11%	6.28%	-8.82%	14.99%	5.53%	4.75%	6.26%	7.39%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	-	-	-	-	13,36,687	-	-	11,70,000	-	11,88,000	-	-	-	14,22,000	12,51,000	13,52,025	16,16,097	15,66,288	15,43,934	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12.03%	8.08%	19.53%	-3.08%	-1.43%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-36,000	1,33,526	5,97,000	6,40,524	4,02,000	7,25,170	9,62,000	6,16,000	16,000	2,93,677	-1,61,000	-5,75,965	-5,50,000	-3,71,468	-1,55,000	1,96,670	2,66,000	4,81,453	4,40,000	5,16,538	4,86,007	6,75,379	7,00,924	7,06,909	7,28,471
Change	-	470.91%	347.1%	7.29%	-37.24%	80.39%	32.66%	-35.97%	-97.4%	1,735.48%	-154.82%	-257.74%	4.51%	32.46%	58.27%	226.88%	35.25%	81%	-8.61%	17.4%	-5.91%	38.96%	3.78%	0.85%	3.05%
Net income ¹	14,000	99,694	4,26,000	3,89,722	3,23,000	5,05,359	6,51,000	3,99,000	41,000	2,32,300	18,000	-3,64,436	-2,75,000	-2,87,652	-74,000	1,09,359	1,63,000	2,90,594	4,34,000	3,67,910	3,49,925	4,59,258	4,76,628	4,80,698	4,95,360
Change	-	612.1%	327.31%	-8.52%	-17.12%	56.46%	28.82%	-38.71%	-89.72%	466.59%	-92.25%	-2,124.64%	24.54%	-4.6%	74.27%	247.78%	49.05%	78.28%	49.35%	-15.23%	-4.89%	31.24%	3.78%	0.85%	3.05%
Announcement Date	25/02/21	15/05/21	12/08/21	13/11/21	24/02/22	14/05/22	12/08/22	22/11/22	24/02/23	15/05/23	14/08/23	15/11/23	22/02/24	15/05/24	14/08/24	14/11/24	20/02/25	16/05/25	14/08/25	13/11/25	-	-	-	-	-

¹COP in Million

Estimates

Forecast Balance Sheet: Banco Davivienda S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	25/02/21	24/02/22	24/02/23	22/02/24	20/02/25	-	-	-

Estimates

Cash Flow Forecast: Banco Davivienda S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	1,18,569	1,74,134	89,813	1,71,816	1,75,232	1,94,633
Change	-	46.86%	-48.42%	91.3%	1.99%	11.07%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	20/03/20	19/03/21	02/03/22	14/04/23	19/03/24	20/03/25

¹COP in Million

Estimates

Forecast Financial Ratios: Banco Davivienda S.A.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	5.4%	19.46%	52.36%	44.01%	48.18%	47.62%	53.52%	55.86%
EBT Margin (%)	-	5.4%	19.46%	21.07%	-8.89%	-0.6%	16.1%	19.62%	22.4%
Net margin (%)	-	4.63%	13.6%	14.46%	-3.53%	-0.84%	12.26%	13.37%	15.93%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.3%	0.89%	0.95%	-0.2%	-0.05%	0.74%	0.98%	1.15%
ROE	-	3.2%	9.35%	10.55%	-2.38%	-0.58%	8.77%	10.25%	12.93%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	926	1,072	1,072	1,010	-	-	791	1,781
Change	-	-	15.77%	0%	-5.78%	-	-	-	125.18%
Book Value Per Share ¹	-	27,874	31,249	35,623	32,301	32,737	36,342	39,575	43,147
Change	-	-	12.1%	14%	-9.32%	1.35%	11.01%	8.89%	9.03%
EPS ¹	-	903	2,744	3,527	-824	-241	2,875	4,126	5,354
Change	-	-	203.88%	28.53%	-123.36%	70.75%	1,292.9%	43.54%	29.75%
Nbr of stocks (in thousands)	-	4,51,670	4,51,670	4,51,670	4,51,670	4,87,670	4,87,670	4,87,670	4,87,670
Announcement Date	-	25/02/21	24/02/22	24/02/23	22/02/24	20/02/25	-	-	-