Company Valuation: Cencosud S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,030,050 3,908,675 4,642,821 6,172,780 7,972,859 5,731,095 - -
Change - -3.01% 18.78% 32.95% 29.16% -28.12% - -
Enterprise Value (EV) 1 6,371,686 7,301,072 9,438,318 10,956,942 12,785,962 10,493,104 10,316,130 10,159,682
Change - 14.59% 29.27% 16.09% 16.69% -17.93% -1.69% -1.52%
P/E 6.36x 6.43x 21.5x 39.3x - 11.5x 10.4x 9.46x
PBR 0.96x - 1.26x 1.16x 1.72x 1.41x 1.23x 1.16x
PEG - -2.07x -0.3x -1.4x - - 1.05x 0.9x
Capitalization / Revenue 0.35x 0.27x 0.3x 0.38x 0.47x 0.33x 0.32x 0.31x
EV / Revenue 0.56x 0.51x 0.62x 0.68x 0.76x 0.61x 0.57x 0.55x
EV / EBITDA 4.54x 4.6x 5.78x 7.04x 8.47x 6.58x 5.8x 5.46x
EV / EBIT 6.05x 5.85x 7.51x 9.63x 11.1x 9.05x 8.15x 7.49x
EV / FCF 6.29x 9.24x 8.49x 12.3x 24.6x 14.5x 12.4x 13.3x
FCF Yield 15.9% 10.8% 11.8% 8.14% 4.07% 6.88% 8.07% 7.51%
Dividend per Share 2 73.66 - - 14.62 - 26.31 30.53 25.9
Rate of return 5.17% - - 0.66% - 1.26% 1.47% 1.24%
EPS 2 224 217.1 77 56 - 181.3 199.3 220
Distribution rate 32.9% - - 26.1% - 14.5% 15.3% 11.8%
Net sales 1 11,356,864 14,283,499 15,230,381 16,060,507 16,900,071 17,182,620 18,014,776 18,598,841
EBITDA 1 1,402,982 1,586,861 1,634,048 1,556,394 1,509,497 1,593,950 1,777,457 1,860,878
EBIT 1 1,052,400 1,248,111 1,257,009 1,137,640 1,156,774 1,159,464 1,266,327 1,357,036
Net income 1 639,379 619,000 220,280 158,935 314,917 506,270 550,064 599,306
Net Debt 1 2,341,637 3,392,397 4,795,497 4,784,162 4,813,103 4,762,010 4,585,035 4,428,588
Reference price 2 1,425.00 1,395.00 1,655.00 2,200.00 2,895.00 2,081.00 2,081.00 2,081.00
Nbr of stocks (in thousands) 2,828,105 2,801,918 2,805,330 2,805,809 2,754,010 2,754,010 - -
Announcement Date 3/3/22 3/2/23 3/5/24 3/6/25 2/6/26 - - -
1CLP in Million2CLP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.48x0.61x6.58x1.26% 6.19B
22x0.94x6.33x5.7% 39.3B
37.69x1.54x19.32x0.32% 29.68B
17.47x0.67x7.5x2.91% 29.37B
87.15x3.87x51.2x-.--% 27.98B
27.92x0.89x9.58x3.31% 21.65B
10.18x0.25x4.38x6.39% 13.32B
7.87x1.81x5.97x2.5% 11.9B
15.39x0.37x5.37x3.99% 12.15B
16.41x0.39x6x4.35% 10.03B
Average 25.36x 1.13x 12.22x 3.07% 20.16B
Weighted average by Cap. 30.71x 1.32x 14.77x 3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Cencosud S.A.