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 5,755,881 - -
Change - -3.01% 18.78% 32.95% 29.16% -27.81% - -
Enterprise Value (EV) 1 6,371,686 7,301,072 9,438,318 10,956,942 12,785,962 10,399,881 10,188,166 10,223,331
Change - 14.59% 29.27% 16.09% 16.69% -18.66% -2.04% 0.35%
P/E 6.36x 6.43x 21.5x 39.3x - 11.5x 10.5x 9.5x
PBR 0.96x - 1.26x 1.16x 1.72x 1.42x 1.23x 1.17x
PEG - -2.07x -0.3x -1.4x - - 1.06x 0.9x
Capitalization / Revenue 0.35x 0.27x 0.3x 0.38x 0.47x 0.34x 0.32x 0.31x
EV / Revenue 0.56x 0.51x 0.62x 0.68x 0.76x 0.61x 0.57x 0.56x
EV / EBITDA 4.54x 4.6x 5.78x 7.04x 8.47x 6.46x 5.7x 5.52x
EV / EBIT 6.05x 5.85x 7.51x 9.63x 11.1x 8.93x 8.02x 7.62x
EV / FCF 6.29x 9.24x 8.49x 12.3x 24.6x 14.4x 12.2x 13.4x
FCF Yield 15.9% 10.8% 11.8% 8.14% 4.07% 6.94% 8.17% 7.46%
Dividend per Share 2 73.66 - - 14.62 - 26.31 30.53 25.9
Rate of return 5.17% - - 0.66% - 1.26% 1.46% 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 17,169,906 17,995,176 18,387,982
EBITDA 1 1,402,982 1,586,861 1,634,048 1,556,394 1,509,497 1,609,093 1,786,082 1,851,853
EBIT 1 1,052,400 1,248,111 1,257,009 1,137,640 1,156,774 1,164,339 1,269,994 1,341,042
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 4,644,000 4,432,285 4,467,450
Reference price 2 1,425.00 1,395.00 1,655.00 2,200.00 2,895.00 2,090.00 2,090.00 2,090.00
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.($)
11.53x0.61x6.46x1.26% 6.25B
37.47x1.53x19.21x0.32% 29.51B
17.26x0.66x7.46x2.93% 29.01B
85.51x3.79x50.23x-.--% 27.36B
27.88x0.89x9.56x3.31% 21.61B
9.93x0.24x4.33x6.42% 13.02B
14.79x0.37x5.34x4.12% 11.93B
7.79x1.8x5.93x2.52% 11.78B
16.3x0.39x5.98x4.38% 9.95B
19.86x0.75x8.26x2.89% 9.73B
Average 24.83x 1.10x 12.28x 2.82% 17.01B
Weighted average by Cap. 31.58x 1.36x 16.07x 2.4%

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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