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General information

Country: COLOMBIA

Sector: Banks — Regional

Bancolombia S. A. provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; and life, auto, commercial, and homeowner`s insurance products. Further, the company provides investment banking services comprising project and acquisition finance, debt and equity capital markets, principal investments, M&A, restructurings, and structured financing; trust...
Website: grupobancolombia.com


  • Bad financial results growth rate -47.9% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (-2.9%)
  • Dividend yield for the last twelve months 10.1%
  • Share price is 57.1% higher than minimum and 22.8% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (3.1x vs 2.5x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: CIB
Share price, USD:  (-0.3%)34.98
year average price 28.32  


year start price 24.67 2023-03-30

min close price 23.41 2023-05-31

max close price 35.09 2024-03-26

current price 34.98 2024-03-28
Common stocks: 240 456 985

Dividend Yield:  10.1%
P / E LTM: 3.1x
P / E annualized: 2.5x
Last revenue growth (y/y):  4.2%
Last growth of Net Income (y/y):  -99.9%
Historical revenue growth:  12.8%
Historical growth of Net Income:  -18.5%
EV / Sales: 1.8x
Margin (Net Income LTM / Revenue): 58.7%

Target P/E (hist percentile): 2.5x
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 8 411
Net Profit ($m): 2 684
P / E LTM: 3.1x
Price to Book: 0.9x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

P / E

Potential dynamics

News


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Bancolombia: An Undervalued Enticing Income Stock

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These 3 Dividend Stocks Yield Over 10% AND Have Triple-Digit Upside

2023-11-09Seeking Alpha

Bancolombia SA (CIB) Q3 2023 Earnings Call Transcript

2023-10-14Seeking Alpha

Bancolombia: Is It Really The Right Time To Invest In LatAm Banks?

2023-09-01InvestorPlace

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3 Foreign Bank Stocks to Benefit From the Prospering Industry
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CIB CIB CIB CIB CIB CIB
reportedCurrency COP COP COP COP COP COP
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-03-26 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
acceptedDate 2024-03-26 16:46:50 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 11 817 542M 6 763 850M 7 138 579M 7 373 214M 6 872 933M 6 329 105M
costOfRevenue 0 0 0 0 4 896 065M 0
grossProfit 11 817 542M 6 763 850M 7 138 579M 7 373 214M 1 976 868M 6 329 105M
grossProfitRatio 1.000 1.000 1.000 1.000 0.288 1.000
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 2 585 930M 2 552 962M 2 463 671M 2 681 353M 2 211 077M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 0 2 585 930M 2 552 962M 2 463 671M 2 681 353M 2 211 077M
otherExpenses -2 302 859M -7 412 579M -7 804 722M -3 553 990M 6 314 659M 0
operatingExpenses 2 302 859M -4 826 649M -5 251 760M -1 090 319M 18 458M 0
costAndExpenses 9 879 138M -4 826 649M -5 251 760M -1 090 319M 4 914 523M 0
interestIncome 0 8 944 529M 9 286 957M 9 191 314M 8 157 103M 6 827 461M
interestExpense 793 555M 4 252 422M 4 141 013M 4 025 263M 3 187 998M 2 371 478M
depreciationAndAmortization 335 972M 269 664M 0 45 516M -529 662M 0
ebitda 266 842M 1 937 201M 1 886 819M 6 328 411M 5 142 281M 4 837 680M
ebitdaratio 0.023 0.286 0.264 0.858 0.748 0.764
operatingIncome -69 130M 1 937 201M 1 886 819M 6 282 895M 5 671 943M 4 837 680M
operatingIncomeRatio -0.006 0.286 0.264 0.852 0.825 0.764
totalOtherIncomeExpensesNet 1 991 451M 24 816M 23 671M -3 934 231M -3 694 060M -2 338 872M
incomeBeforeTax 1 991 451M 1 962 017M 1 910 490M 2 348 664M 1 977 883M 2 498 808M
incomeBeforeTaxRatio 0.169 0.290 0.268 0.319 0.288 0.395
incomeTaxExpense 474 414M 445 442M 426 328M 586 371M 311 588M 836 957M
netIncome 1 447 907M 1 491 759M 1 460 491M 1 716 777M 1 642 695M 1 629 245M
netIncomeRatio 0.123 0.221 0.205 0.233 0.239 0.257
eps 1505.370 6203.860 6073.820 7139.650 6831.560 6775.630
epsdiluted 1505.370 6203.860 6073.820 7139.650 6831.560 6775.630
weightedAverageShsOut 962M 240M 240M 240M 240M 240M
weightedAverageShsOutDil 962M 240M 240M 240M 240M 240M
link Link
finalLink Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol CIB CIB CIB CIB CIB CIB
reportedCurrency COP COP COP COP COP COP
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-03-26 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
acceptedDate 2024-03-26 16:46:50 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents -27 974 984M 20 918 925M 23 743 139M 23 800 072M 24 721 168M 21 616 439M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments -27 974 984M 20 918 925M 23 743 139M 23 800 072M 24 721 168M 21 616 439M
netReceivables 0 2 163 913M 1 556 883M 1 444 301M 1 066 031M 1 719 639M
inventory 0 -29 946 836M -29 497 568M 0 0 0
otherCurrentAssets 42 806 834M 29 946 836M 29 497 568M 0 0 0
totalCurrentAssets 42 806 834M 23 082 838M 25 300 022M 25 244 373M 25 787 199M 23 336 078M
propertyPlantEquipmentNet 8 156 579M 8 260 388M 8 465 511M 8 700 415M 8 554 174M 7 499 866M
goodwill 0 8 291 449M 8 544 381M 0 9 836 661M 0
intangibleAssets 0 598 983M 585 262M 0 602 531M 0
goodwillAndIntangibleAssets 273 595 122M 8 890 432M 9 129 643M 10 092 574M 10 439 192M 9 941 485M
longTermInvestments 9 249 873M 30 212 554M 29 056 174M 33 961 563M 30 855 773M 31 423 264M
taxAssets 685 612M 702 862M 671 478M 0 0 0
otherNonCurrentAssets 8 434 789M -702 862M -671 478M -52 754 552M -49 849 139M -48 864 615M
totalNonCurrentAssets 300 121 975M 47 363 374M 46 651 328M 52 754 552M 49 849 139M 48 864 615M
otherAssets 0 267 737 703M 266 645 319M 271 324 019M 277 178 395M 263 453 883M
totalAssets 342 928 809M 338 183 915M 338 596 669M 349 322 944M 352 814 733M 335 654 576M
accountPayables 0 0 0 0 6 019 578M 0
shortTermDebt 470 295M 6 096 177M 7 715 346M 0 0 0
taxPayables 0 886 814M 561 707M 1 117 414M 965 180M 2 053 329M
deferredRevenue 0 0 0 0 0 0
otherCurrentLiabilities 164 339M 138 542 699M 140 454 969M 0 -6 019 578M 0
totalCurrentLiabilities 634 634M 144 638 876M 148 170 315M 0 6 019 578M 6.650
longTermDebt 31 502 527M 33 711 107M 36 831 537M 39 843 628M 41 168 894M 38 804 969M
deferredRevenueNonCurrent 249 550 451M 0 0 0 1 179 386M 0
deferredTaxLiabilitiesNonCurrent 1 785 230M 1 742 089M 1 470 474M 921 345M 633 361M 843 628M
otherNonCurrentLiabilities 20 406 238M -35 453 196M -38 302 011M -40 764 973M -36 962 063M 0.510
totalNonCurrentLiabilities 303 244 446M 35 453 196M 38 302 011M 40 764 973M 6 019 578M 0.510
otherLiabilities 0 -144 638 876M -148 170 315M 0 300 778 026M 298 255 793M
capitalLeaseObligations 1 773 610M 1 707 301M 1 741 886M 1 873 300M 1 900 268M 1 846 835M
totalLiabilities 303 879 080M 35 453 196M 38 302 011M 40 764 973M 312 817 182M 298 255 793M
preferredStock 0 0 0 0 0 0
commonStock 480 914M 480 914M 480 914M 480 914M 480 914M 480 914M
retainedEarnings 8 632 214M 7 209 719M 5 707 275M 4 354 570M 10 061 654M 7 942 891M
accumulatedOtherComprehensiveIncomeLoss 24 118 930M 24 985 331M 25 496 996M 27 224 625M 23 688 881M 23 241 504M
othertotalStockholdersEquity 4 857 454M 4 857 454M 4 857 454M 4 857 454M 4 857 454M 4 857 454M
totalStockholdersEquity 38 089 512M 37 533 418M 36 542 639M 36 917 563M 39 088 903M 36 522 763M
totalEquity 39 049 729M 38 494 670M 37 498 131M 37 853 860M 39 088 903M 36 522 763M
totalLiabilitiesAndStockholdersEquity 342 928 809M 338 183 915M 338 596 669M 349 322 944M 352 814 733M 335 654 576M
minorityInterest 960 217M 961 252M 955 492M 936 297M 908 648M 0
totalLiabilitiesAndTotalEquity 342 928 809M 338 183 915M 338 596 669M 349 322 944M 352 814 733M 335 654 576M
totalInvestments 9 249 873M 30 212 554M 29 056 174M 33 961 563M 30 855 773M 31 423 264M
totalDebt 33 746 432M 33 711 107M 36 831 537M 39 843 628M 41 168 894M 38 804 969M
netDebt 61 721 416M 12 792 182M 13 088 398M 16 043 556M 16 447 726M 17 188 530M
link Link
finalLink Link

Cash Flow Statement

Property 2023 q4 2023 q3 2020 q4 2020 q3
date 2023-12-31 2023-09-30 2020-12-31 2020-09-30
symbol CIB CIB CIB CIB
reportedCurrency COP COP COP COP
cik 1M 1M 1M 1M
fillingDate 2024-03-26 2023-09-30 2021-04-23 2020-09-30
acceptedDate 2024-03-26 16:46:50 2023-09-28 20:00:00 2021-04-22 21:13:10 2020-09-29 20:00:00
calendarYear 2023.000 2023.000 2020.000 2020.000
period Q4 Q3 Q4 Q3
netIncome 1 447 907M 1 491 759M -266 232M 279 639M
depreciationAndAmortization 335 972M 269 664M 0 0
deferredIncomeTax 0 0 0 0
stockBasedCompensation 0 0 0 0
changeInWorkingCapital 0 282 757M 0 0
accountsReceivables 0 0 0 0
inventory 0 0 0 0
accountsPayables 0 0 0 0
otherWorkingCapital 0 0 0 0
otherNonCashItems -1 111 935M 908 432M 266 232M -279 639M
netCashProvidedByOperatingActivities 671 944M 2 952 612M 0 0
investmentsInPropertyPlantAndEquipment 0 -441 045M 0 0
acquisitionsNet 0 36 492M 0 0
purchasesOfInvestments 0 -1 631 477M 0 0
salesMaturitiesOfInvestments 0 776 506M 0 0
otherInvestingActivites 0 -1 355 505M 0 0
netCashUsedForInvestingActivites 0 -2 615 029M 0 0
debtRepayment 0 -2 539 471M 0 0
commonStockIssued 0 0 0 0
commonStockRepurchased 0 0 0 0
dividendsPaid 0 -849 819M 0 0
otherFinancingActivites 0 3 677 095M 0 0
netCashUsedProvidedByFinancingActivities 0 287 805M 0 0
effectOfForexChangesOnCash 0 0 0 0
netChangeInCash 671 944M 625 388M 0 0
cashAtEndOfPeriod 671 944M 625 388M 0 0
cashAtBeginningOfPeriod 0 0 0 0
operatingCashFlow 671 944M 2 952 612M 0 0
capitalExpenditure 0 -441 045M 0 0
freeCashFlow 671 944M 2 511 567M 0 0
link Link Link
finalLink Link Link

Earning call transcript

2023 q4
2024-02-23 ET (fiscal 2023 q4)
2023 q3
2023-11-09 ET (fiscal 2023 q3)
2023 q2
2023-08-10 ET (fiscal 2023 q2)
2023 q1
2023-05-12 ET (fiscal 2023 q1)
2022 q3
2022-11-16 ET (fiscal 2022 q3)
2022 q2
2022-08-11 ET (fiscal 2022 q2)
2022 q1
2022-05-12 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2023-04-03 22:06 ET
BANCOLOMBIA S.A. ANNOUNCES FILING OF THE 2022 ANNUAL REPORT ON FORM 20-F
2022-04-27 23:57 ET
BANCOLOMBIA S.A. ANNOUNCES FILING OF THE 2021 ANNUAL REPORT ON FORM 20-F
2021-07-12 11:35 ET
Lleida.net signs three-year contract with Bancolombia, Colombia's leading bank
2021-04-30 16:54 ET
Bancolombia S.A. Announces Filing of the 2020 Annual Report on Form 20-F
2020-04-28 15:38 ET
Bancolombia S.A. Announces Filing of the 2019 Annual Report on Form 20-F

SEC forms

Show financial reports only

SEC form 6
2024-02-21 11:17 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-02-20 21:01 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-02-20 20:43 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-02-20 20:31 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-02-20 16:24 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-01-29 20:30 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-01-23 19:42 ET
Bancolombia published news for 2023 q4
SEC form 6
2024-01-23 19:37 ET
Bancolombia published news for 2023 q4
SEC form 6
2023-11-08 16:01 ET
Bancolombia published news for 2023 q3
SEC form 6
2023-10-24 18:27 ET
Bancolombia published news for 2023 q3
SEC form 6
2023-10-20 20:07 ET
Bancolombia published news for 2023 q3
SEC form 6
2023-09-26 19:38 ET
Bancolombia published news for 2023 q2
SEC form 6
2023-08-09 17:09 ET
Bancolombia published news for 2023 q2
SEC form 6
2023-07-26 12:06 ET
Bancolombia published news for 2023 q2
SEC form 6
2023-07-12 17:46 ET
Bancolombia published news for 2023 q2
SEC form 6
2023-05-16 15:27 ET
Bancolombia published news for 2023 q1
SEC form 6
2023-05-10 17:08 ET
Bancolombia published news for 2023 q1
SEC form 6
2023-04-26 08:14 ET
Bancolombia published news for 2023 q1
SEC form 6
2023-04-03 17:17 ET
Bancolombia published news for 2023 q1
SEC form 6
2023-04-03 12:04 ET
Bancolombia published news for 2023 q1
SEC form 6
2023-03-17 19:35 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-03-17 18:16 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-03-17 17:52 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-02-23 16:34 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-02-23 16:31 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-02-17 16:16 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-01-31 17:19 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-01-25 16:43 ET
Bancolombia published news for 2022 q4
SEC form 6
2023-01-25 16:36 ET
Bancolombia published news for 2022 q4
SEC form 6
2022-11-10 16:50 ET
Bancolombia published news for 2022 q3
SEC form 6
2022-10-25 17:25 ET
Bancolombia published news for 2022 q3
SEC form 6
2022-09-23 17:39 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-09-16 17:17 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-08-17 17:25 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-08-09 21:17 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-08-09 17:06 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-08-01 19:08 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-07-27 06:48 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-07-25 08:00 ET
Bancolombia published news for 2022 q2
SEC form 6
2022-06-29 06:19 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-05-11 16:41 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-04-27 17:17 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-04-27 17:11 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-04-27 16:08 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-04-26 18:37 ET
Bancolombia published news for 2022 q1
SEC form 6
2022-03-21 08:20 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-03-21 08:15 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-03-21 08:09 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-24 17:23 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-24 17:20 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-22 21:39 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-22 16:30 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-16 18:37 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-02-11 17:11 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-01-26 18:38 ET
Bancolombia published news for 2021 q4
SEC form 6
2022-01-18 19:20 ET
Bancolombia published news for 2021 q4
SEC form 6
2021-12-15 08:01 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-12-15 07:57 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-11-12 07:34 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-11-10 17:10 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-11-09 17:47 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-10-12 18:33 ET
Bancolombia published news for 2021 q3
SEC form 6
2021-09-16 19:34 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-09-15 19:06 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-09-13 08:26 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-09-10 16:44 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-08-25 18:57 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-08-11 16:55 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-07-13 20:43 ET
Bancolombia published news for 2021 q2
SEC form 6
2021-05-28 06:05 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-05-05 06:14 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-05-04 16:51 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-04-28 21:35 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-04-22 21:50 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-04-22 21:13 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-04-21 18:39 ET
Bancolombia published news for 2021 q1
SEC form 6
2021-03-22 08:08 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-03-19 19:08 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-03-19 18:50 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-02-25 07:40 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-02-24 17:25 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-02-24 17:07 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-02-24 16:47 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-02-16 08:49 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-01-27 17:12 ET
Bancolombia published news for 2020 q4
SEC form 6
2021-01-19 16:41 ET
Bancolombia published news for 2020 q4
SEC form 6
2020-12-15 19:53 ET
Bancolombia published news for 2020 q3
SEC form 6
2020-11-24 17:55 ET
Bancolombia published news for 2020 q3
SEC form 6
2020-11-12 16:39 ET
Bancolombia published news for 2020 q3
SEC form 6
2020-10-23 06:11 ET
Bancolombia published news for 2020 q3
SEC form 6
2020-10-05 20:41 ET
Bancolombia published news for 2020 q3
SEC form 6
2020-09-29 17:55 ET
Bancolombia published news for 2020 q2