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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.8x - 0.9x | 0.8x |
Historical Pb Multiple | 0.3x - 0.6x | 0.6x |
Fair Value | CLP 1,121 - CLP 1,239 | CLP 1,180 |
Upside | -7.0% - 2.8% | -2.1% |
Benchmarks | - | Full Ticker |
Colbún S.A. | - | SNSE:COLBUN |
NextEra Energy, Inc. | - | BVL:NEE |
Enel Américas S.A. | - | SNSE:ENELAM |
Enel SpA | - | DB:ENL |
Enel Generación Chile S.A. | - | SNSE:ENELGXCH |
Engie Energia Chile S.A. | - | SNSE:ECL |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
COLBUN | NEE | ENELAM | ENL | ENELGXCH | ECL | |||
SNSE:COLBUN | BVL:NEE | SNSE:ENELAM | DB:ENL | SNSE:ENELGXCH | SNSE:ECL | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 4.5% | 13.0% | -15.5% | 25.5% | 13.6% | 15.6% | ||
3Y CAGR | -22.6% | 24.8% | 11.4% | 30.8% | 53.7% | 68.9% | ||
Latest Twelve Months | -35.8% | -26.4% | 52.4% | 86.5% | -99.9% | 167.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 18.6% | 17.8% | 10.7% | 5.1% | 9.2% | -2.6% | ||
Prior Fiscal Year | 19.6% | 26.0% | 3.7% | 3.9% | 16.0% | -18.8% | ||
Latest Fiscal Year | 16.0% | 28.1% | 5.1% | 8.9% | 16.0% | 12.4% | ||
Latest Twelve Months | 16.0% | 21.8% | 5.3% | 8.9% | 16.4% | 13.6% | ||
Return on Equity | ||||||||
5 Year Average Margin | 10.4% | 11.9% | 5.1% | 11.3% | 15.2% | -4.4% | ||
Prior Fiscal Year | 13.6% | 16.9% | 3.4% | 12.0% | 22.5% | -25.8% | ||
Latest Twelve Months | 8.3% | 11.2% | 4.7% | 20.7% | 19.6% | 17.0% | ||
Next Fiscal Year | 8.9% | 14.8% | 7.9% | 20.1% | 10.9% | 13.4% | ||
Two Fiscal Years Forward | 8.4% | 15.1% | 8.4% | 19.9% | 13.8% | 11.3% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 1.8x | 5.6x | 0.8x | 1.0x | 1.3x | 0.7x | ||
Price / LTM EPS | 11.0x | 25.5x | 15.3x | 11.4x | 8.2x | 5.2x | ||
Price / Book | 0.9x | 2.8x | 0.7x | 2.3x | 1.5x | 0.8x | ||
Price / Fwd Book | 0.9x | 2.6x | 0.7x | 2.2x | 1.6x | 0.8x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.7x | 1.5x | 2.8x | |||||
Historical P/B Ratio | 0.3x | 0.6x | 0.6x | |||||
Selected P/B Multiple | 0.8x | 0.8x | 0.9x | |||||
(x) Book Value | 1,629 | 1,629 | 1,629 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | COLBUN | NEE | ENELAM | ENL | ENELGXCH | ECL | |
Value of Common Equity | 2,877 | 138,958 | 10,802 | 77,327 | 4,287 | 1,357 | |
(/) Shares Outstanding | 17,536.2 | 2,058.6 | 107,279.9 | 10,154.6 | 8,201.8 | 1,053.3 | |
Implied Stock Price | 0.16 | 67.50 | 0.10 | 7.62 | 0.52 | 1.29 | |
FX Conversion Rate to Trading Currency | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | |
Implied Stock Price (Trading Cur) | 153.50 | 67.50 | 94.20 | 7.62 | 489.00 | 1,205.00 | |
Trading Currency | CLP | USD | CLP | EUR | CLP | CLP | |
FX Rate to Reporting Currency | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 |