このページの読み込み中にエラーが発生したようです.
当社チームに通知しましたが、問題が続くようでしたらEメールサポートウィジェットを使ってご連絡ください。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 4.3x - 4.7x | 4.5x |
| Selected Fwd EBITDA Multiple | 2.9x - 3.2x | 3.1x |
| Fair Value | CLP 109.41 - CLP 121.07 | CLP 115.24 |
| Upside | 20.3% - 33.2% | 26.8% |
| Benchmarks | Ticker | Full Ticker |
| Engie Energia Chile S.A. | ECL | SNSE:ECL |
| Energía del Pacífico S.A. | ENPACIC1 | BVL:ENPACIC1 |
| Enel Chile S.A. | ENELCHILE | SNSE:ENELCHILE |
| Hawaiian Electric Industries, Inc. | HE | NYSE:HE |
| The AES Corporation | A1ES34 | BOVESPA:A1ES34 |
| Enel Américas S.A. | ENELAM | SNSE:ENELAM |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| ECL | ENPACIC1 | ENELCHILE | HE | A1ES34 | ENELAM | ||
| SNSE:ECL | BVL:ENPACIC1 | SNSE:ENELCHILE | NYSE:HE | BOVESPA:A1ES34 | SNSE:ENELAM | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -0.8% | NM- | -7.2% | -4.3% | 0.6% | -2.3% | |
| 3Y CAGR | 17.6% | NM- | 7.2% | -9.3% | -3.3% | 1.5% | |
| Latest Twelve Months | 28.1% | NM | -34.3% | -10.8% | -3.1% | -2.6% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 22.2% | 0.0% | 25.1% | 17.8% | 30.5% | 23.8% | |
| Prior Fiscal Year | 18.1% | NA | 22.4% | 17.1% | 26.7% | 24.8% | |
| Latest Fiscal Year | 27.6% | NA | 16.0% | 15.5% | 26.7% | 22.4% | |
| Latest Twelve Months | 27.6% | NA | 16.0% | 15.5% | 26.7% | 22.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.75x | 6.90x | 2.07x | 1.40x | 3.40x | 0.82x | |
| EV / LTM EBITDA | 6.4x | NA | 12.9x | 9.0x | 12.7x | 3.6x | |
| EV / LTM EBIT | 8.8x | -1751.6x | 21.6x | 21.8x | 20.7x | 5.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 6.4x | 10.9x | 12.9x | ||||
| Historical EV / LTM EBITDA | 3.6x | 4.9x | 6.3x | ||||
| Selected EV / LTM EBITDA | 4.3x | 4.5x | 4.7x | ||||
| (x) LTM EBITDA | 3,031 | 3,031 | 3,031 | ||||
| (=) Implied Enterprise Value | 12,911 | 13,591 | 14,271 | ||||
| (-) Non-shareholder Claims * | (165) | (165) | (165) | ||||
| (=) Equity Value | 12,746 | 13,426 | 14,105 | ||||
| (/) Shares Outstanding | 107,279.9 | 107,279.9 | 107,279.9 | ||||
| Implied Value Range | 0.12 | 0.13 | 0.13 | ||||
| FX Rate: USD/CLP | 0.0 | 0.0 | 0.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 109.32 | 115.14 | 120.97 | 90.91 | |||
| Upside / (Downside) | 20.2% | 26.7% | 33.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | ECL | ENPACIC1 | ENELCHILE | HE | A1ES34 | ENELAM | |
| Enterprise Value | 3,072 | 9 | 8,122,223 | 4,554 | 41,910 | 10,765 | |
| (+) Cash & Short Term Investments | 500 | 0 | 394,335 | 751 | 1,603 | 3,273 | |
| (+) Investments & Other | 139 | 8 | 37,350 | 0 | 1,124 | 4,470 | |
| (-) Debt | (2,585) | 0 | (3,906,992) | (3,354) | (30,353) | (5,631) | |
| (-) Other Liabilities | 0 | 0 | (367,581) | (34) | (4,998) | (2,277) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,125 | 18 | 4,279,335 | 1,916 | 9,286 | 10,600 | |
| (/) Shares Outstanding | 1,053.3 | 256.4 | 69,166.6 | 172.5 | 711.9 | 107,279.9 | |
| Implied Stock Price | 1.07 | 0.07 | 61.87 | 11.11 | 13.04 | 0.10 | |
| FX Conversion Rate to Trading Currency | 0.00 | 0.28 | 1.00 | 1.00 | 0.18 | 0.00 | |
| Implied Stock Price (Trading Cur) | 983.00 | 0.25 | 61.87 | 11.11 | 74.20 | 90.91 | |
| Trading Currency | CLP | PEN | CLP | USD | BRL | CLP | |
| FX Rate to Reporting Currency | 0.00 | 0.28 | 1.00 | 1.00 | 0.18 | 0.00 | |