IFS
Intercorp Financial Services Inc
NYSE: IFS · FINANCIAL SERVICES · BANKS - REGIONAL
$44.44
-2.75% today
Updated 2026-06-05
Market cap
$6.31B
P/E ratio
10.55
P/S ratio
1.09x
EPS (TTM)
$5.39
Dividend yield
11.00%
52W range
$33 – $57
Volume
0.3M
Intercorp Financial Services Inc (IFS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed IFS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$44.44
Today
Analyst consensus
$56.00
+26.01% · 12M
2030 Base
$0.07
-99.84% future
NPV today
$0.05
@ 8% WACC
3 analysts:
2 Buy0 Hold0 Sell
Management guidance
CEO Luis Felipe Castellanos and management project moderate growth for full year 2026 following record Q1 2026 net income of PEN 602M (+35% YoY). No specific multi-year revenue targets disclosed in available guidance; company emphasizes strategic investments in technology, digital transformation, and customer experience while navigating Peru macroeconomic and political uncertainties. Q1 2026 revenue reached PEN 1.61B (+27.56% QoQ), implying annualized run-rate of ~PEN 6.4B if sustained.
Sources: Management guidance, analyst consensus, sector analysismedium confidence
IFS · Intercorp Financial Services Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$0.07
NPV today: $0.05
Base case (2030)
$0.07
NPV today: $0.05
Bull case (2030)
$97.30
NPV today: $69.71
WallStSmart.com
IFS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $9.2B | $6.1B | $7.2B | $8.4B | $9.6B | $10.8B |
| Revenue growth | 4.3% | 10.9% | 18.0% | 16.9% | 13.8% | 12.7% |
| Net margin | — | 10.7% | 10.7% | 10.8% | 10.7% | 10.7% |
| EPS | $17.01 | $5.85 | $6.95 | $8.15 | $9.20 | $10.45 |
| Diluted shares | — | 111M | 111M | 111M | 111M | 111M |
| Net debt | — | $11.68B | $11.50B | $11.29B | $11.06B | $10.79B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $-50.23 | $-38.73 | $-25.88 | $-13.31 | $0.07 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $10.8B | $10.8B | $10.8B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 111M | 111M | 111M |
| Net debt | $10.79B | $10.79B | $10.79B |
| Implied P/E † | — | — | 9x |
| 2030 Price | $0.07 | $0.07 | $97.30 |
| NPV @ 8% | $0.05 | $0.05 | $69.71 |
† Implied P/E: Multiples remain elevated across all three scenarios because IFS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $0.07 base case
IFS catalysts and risks
Growth catalysts
+ InFinance XP acquisition (USD 130M joint venture, effective April 2026) to expand consumer finance and payments ecosystem in Peru
+ Q1 2026 earnings beat: +17% EPS surprise, record net income, strong digital adoption and asset quality improvements
+ Dividend policy: 20% minimum annual net profit payout (USD 1.80/share ex-date April 24, 2026) signals confidence in cash generation
+ Diversified revenue base across Interbank (banking), Interseguro (insurance), and Inteligo (wealth management) reducing single-segment risk
+ Sustained loan growth in higher-yielding segments and improved cost-to-income ratio from digital transformation
Key risks
- Peru macroeconomic volatility and political uncertainty impacting loan demand and asset quality
- Currency depreciation risk (PEN/USD) affecting USD-denominated revenues and P&L translation
- Regulatory changes in Peru's financial services sector affecting capital requirements or lending margins
- Competition from larger regional banks (Banco Macro, BBVA Peru, Scotiabank Peru) and fintech disruption
- Climate and weather events in Peru impacting customer credit quality and loan portfolio performance
- Analyst data shows confusing FY 2026 revenue forecast of only PEN 3.48B (down 36.77% from FY 2025), which conflicts with Q1 2026 run-rate and guidance; suggests potential data error or one-time items in analyst models
Methodology · Intercorp Financial Services Inc 2030 stock forecast model
Intercorp Financial Services Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 3 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for IFS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($10.79B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.537) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
IFS price target FAQ
What is the IFS price target for 2030?
WallStSmart's Intercorp Financial Services Inc 2030 base case is $0.07 per share, with a bull case of $97.30 and bear case of $0.07. The NPV of the base case discounted to today at 8% WACC is $0.05.
How is the Intercorp Financial Services Inc 2030 stock forecast calculated?
The IFS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the IFS price target account for dilution?
Intercorp Financial Services Inc is projected to grow diluted share count from 111M to 111M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on IFS stock?
3 analysts cover IFS with an average 12-month price target of $56.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.