Company Valuation: Esval S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 254,302 388,930 329,095 553,476 553,476 523,559
Change - 52.94% -15.38% 68.18% 0% -5.41%
Enterprise Value (EV) 1 778,836 930,024 930,336 1,207,521 1,267,208 1,284,435
Change - 19.41% 0.03% 29.79% 4.94% 1.36%
P/E 24.4x 27.5x 37.6x 19.1x 18.1x 14.6x
PBR 0.52x 0.78x 0.66x 1.13x 1.11x 1x
PEG - 0.8x -1x 0x 3.38x 0.8x
Capitalization / Revenue 1.29x 1.81x 1.27x 1.95x 1.89x 1.69x
EV / Revenue 3.95x 4.33x 3.6x 4.26x 4.34x 4.15x
EV / EBITDA 10x 9.54x 8.17x 9.78x 9.69x 9.19x
EV / EBIT 18.9x 16x 13x 15.6x 16.2x 15.1x
EV / FCF -14x 125x -3,324x 196x -35.2x -28.9x
FCF Yield -7.14% 0.8% -0.03% 0.51% -2.84% -3.46%
Dividend per Share 2 0.000209 0.000284 0.000585 0.000485 0.000614 -
Rate of return 1.23% 1.09% 2.66% 1.31% 1.66% -
EPS 2 0.000697 0.000946 0.000585 0.001941 0.002045 0.002404
Distribution rate 30% 30% 100% 25% 30% -
Net sales 1 197,158 214,923 258,480 283,575 292,119 309,715
EBITDA 1 77,589 97,451 113,845 123,475 130,793 139,816
EBIT 1 41,200 58,278 71,513 77,523 78,017 84,881
Net income 1 10,443 14,159 8,752 29,046 30,610 35,975
Net Debt 1 524,534 541,094 601,241 654,044 713,732 760,876
Reference price 2 0.0170 0.0260 0.0220 0.0370 0.0370 0.0350
Nbr of stocks (in thousands) 14,962,276,336 14,962,276,336 14,962,276,336 14,962,276,336 14,962,276,336 14,962,276,336
Announcement Date 3/26/21 3/10/22 3/10/23 3/15/24 3/20/25 3/19/26
1CLP in Million2CLP
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.82x5.29x8.9x2.91% 19.1B
14.37x7.4x12.4x4.01% 13.83B
19.36x6.61x13.26x4.31% 12.27B
17.93x8.03x13.91x3.54% 11.3B
23.29x - - 2.44% 3.36B
10.15x - - - 3.23B
11.35x - - - 3.21B
18.29x - - 2.67% 3.1B
19.85x5.22x12.61x6.51% 2.94B
Average 16.60x 6.51x 12.22x 3.77% 8.04B
Weighted average by Cap. 16.37x 6.57x 11.75x 3.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA