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Chilean (IPSA) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies165
  • 7D-0.3%
  • 3M9.2%
  • 1Y37.7%
  • YTD34.6%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 6.0%. More promisingly, the market is up 38% over the past year. As for the next few years, earnings are expected to grow by 3.0% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Chilean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025CL$206.0tCL$217.5tCL$16.5t11.9x12.5x0.9x
Thu, 16 Oct 2025CL$197.3tCL$222.0tCL$17.3t11.4x11.4x0.9x
Sat, 13 Sep 2025CL$200.1tCL$220.1tCL$17.7t10.9x11.3x0.9x
Mon, 11 Aug 2025CL$185.8tCL$221.5tCL$17.4t10x10.7x0.8x
Wed, 09 Jul 2025CL$184.4tCL$218.0tCL$16.8t10.1x11x0.8x
Fri, 06 Jun 2025CL$183.2tCL$216.4tCL$16.7t10.1x11x0.8x
Sun, 04 May 2025CL$179.9tCL$216.4tCL$15.7t10.4x11.5x0.8x
Tue, 01 Apr 2025CL$172.2tCL$214.4tCL$15.0t9.9x11.5x0.8x
Thu, 27 Feb 2025CL$167.4tCL$219.2tCL$15.1t10.1x11.1x0.8x
Sat, 25 Jan 2025CL$160.5tCL$221.1tCL$14.6t9.4x11x0.7x
Mon, 23 Dec 2024CL$153.4tCL$221.8tCL$14.8t9x10.4x0.7x
Wed, 20 Nov 2024CL$150.6tCL$219.7tCL$14.6t9x10.3x0.7x
Fri, 18 Oct 2024CL$150.8tCL$215.8tCL$13.0t9.5x11.6x0.7x
Sun, 15 Sep 2024CL$147.5tCL$212.1tCL$12.8t9.2x11.5x0.7x
Tue, 13 Aug 2024CL$148.3tCL$213.0tCL$12.3t9.5x12x0.7x
Thu, 11 Jul 2024CL$151.9tCL$209.7tCL$11.7t9.8x13x0.7x
Sat, 08 Jun 2024CL$154.0tCL$210.4tCL$11.3t10.2x13.6x0.7x
Mon, 06 May 2024CL$152.3tCL$213.7tCL$13.5t8.9x11.3x0.7x
Wed, 03 Apr 2024CL$154.3tCL$217.6tCL$13.1t8.8x11.8x0.7x
Fri, 01 Mar 2024CL$150.2tCL$224.3tCL$17.0t8.6x8.9x0.7x
Sun, 28 Jan 2024CL$145.2tCL$217.4tCL$18.8t8.2x7.7x0.7x
Tue, 26 Dec 2023CL$142.4tCL$213.2tCL$18.6t8.5x7.6x0.7x
Thu, 23 Nov 2023CL$138.8tCL$217.3tCL$20.6t8.1x6.7x0.6x
Sat, 21 Oct 2023CL$132.0tCL$216.9tCL$19.6t7.9x6.7x0.6x
Mon, 18 Sep 2023CL$135.3tCL$208.9tCL$20.0t8.3x6.8x0.6x
Wed, 16 Aug 2023CL$139.9tCL$207.4tCL$21.7t7.9x6.4x0.7x
Fri, 14 Jul 2023CL$135.3tCL$201.7tCL$22.9t7.5x5.9x0.7x
Sun, 11 Jun 2023CL$130.5tCL$199.2tCL$22.7t7.7x5.8x0.7x
Tue, 09 May 2023CL$131.9tCL$196.6tCL$25.0t7.1x5.3x0.7x
Thu, 06 Apr 2023CL$124.9tCL$197.7tCL$25.3t6.6x4.9x0.6x
Sat, 04 Mar 2023CL$127.8tCL$195.9tCL$24.9t6.4x5.1x0.7x
Mon, 30 Jan 2023CL$125.1tCL$193.4tCL$23.8t6.4x5.3x0.6x
Wed, 28 Dec 2022CL$123.6tCL$201.0tCL$24.5t6.2x5x0.6x
Fri, 25 Nov 2022CL$122.4tCL$202.2tCL$24.2t6.2x5.1x0.6x
Price to Earnings Ratio

5.1x


Total Market Cap: CL$122.4tTotal Earnings: CL$24.2tTotal Revenue: CL$202.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.1x202320242025
Current Market PE
  • Investors are optimistic on the Chilean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 12.7x which is higher than its 3-year average PE of 9.1x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Chilean Market?

CL Market-0.33%
Telecom6.05%
Materials0.46%
Tech0.37%
Utilities-0.043%
Industrials-0.25%
Consumer Staples-0.47%
Financials-0.52%
Real Estate-0.59%
Energy-0.61%
Consumer Discretionary-0.88%
Healthcare-1.83%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 15.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.9% which is higher than its past year's earnings decline of 19.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 3.8% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 34% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
FALABELLA FalabellaCL$6.28k4.8%
+CL$715.0b		84.6%PE16.8xConsumer Discretionary
CUPRUM Administradora de Fondos de Pensiones CuprumCL$160.6929.9%
+CL$472.8b		222.0%PE21.7xFinancials
CHILE Banco de ChileCL$172.111.2%
+CL$211.1b		53.5%PB3.1xFinancials
ORO BLANCO Sociedad de Inversiones Oro BlancoCL$7.5913.3%
+CL$189.2b		87.7%PE24.2xFinancials
ENELAM Enel AméricasCL$90.752.0%
+CL$187.7b		4.1%PE13.9xUtilities
See more

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FALABELLA
CL$6,275.00
Falabella
7D
4.8%
1Y
84.6%
CUPRUM
CL$160.69
Administradora de Fondos de Pensiones Cuprum
7D
29.9%
1Y
222.0%
ENELAM
CL$90.75
Enel Américas
7D
2.0%
1Y
4.1%

ENELAM: Share Buyback And Asset Sale Will Unlock Shareholder Value

Analysts have slightly increased their price target for Enel Américas from $108.36 to $108.59. They cite improvements in projected revenue growth and profit margins as key drivers behind the adjustment.
CEMENTOS
CL$1,639.20
Cementos Bio Bio
7D
-10.2%
1Y
134.9%
CCU
CL$6,150.00
Compañía Cervecerías Unidas
7D
4.6%
1Y
13.5%

CCU: Future Price Expected To Reflect Improved Margins And Modest Discount Rate Shift

Analysts have slightly raised their price target for Compañía Cervecerías Unidas to CLP 6,158.13, citing improved profit margin projections that compensate for a modest uptick in discount rate assumptions. Valuation Changes Fair Value: Remains steady at CLP 6,158.13.
COPEC
CL$6,760.00
Empresas Copec
7D
-1.6%
1Y
12.1%
CENCOSUD
CL$2,851.00
Cencosud
7D
-1.7%
1Y
46.4%

Cencosud (SNSE:CENCOSUD) Takes On Some Risk With Its Use Of Debt

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CHILE
CL$172.11
Banco de Chile
7D
1.2%
1Y
53.5%

CHILE: Rising Discount Rate Will Pressure Returns Despite Recent Agreement Extensions

Analysts have modestly raised their price target for Banco de Chile from $143.03 to $146.03. They cite updates to the bank's discount rate and future price-to-earnings assumptions as the reasons for this change.
AAISA
CL$315.98
Administradora Americana de Inversiones
7D
-5.9%
1Y
74.8%
CGE
CL$271.94
Compañía General de Electricidad
7D
-4.7%
1Y
-10.9%
BSANTANDER
CL$69.50
Banco Santander-Chile
7D
-0.6%
1Y
47.9%

BSANTANDER: Future Profitability And Alliances Will Support Steady Long-Term Performance

Analysts have revised their price target for Banco Santander-Chile upward, increasing it from $61.73 to $63.73. They cite updated company models and expectations for modestly improved long-term profitability.
BCI
CL$50,301.00
Banco de Crédito e Inversiones
7D
-1.0%
1Y
76.0%
BICECORP
CL$365.21
Bicecorp
7D
7.6%
1Y
39.5%
PEHUENCHE
CL$2,895.80
Empresa Eléctrica Pehuenche
7D
-1.1%
1Y
14.0%
NORTEGRAN
CL$8.88
Norte Grande
7D
8.3%
1Y
42.1%
ORO BLANCO
CL$7.59
Sociedad de Inversiones Oro Blanco
7D
13.3%
1Y
87.7%