Company Valuation: Ipal S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 13,307 13,307 13,307 13,307 13,307 13,307
Change - 0% 0% 0% 0% 0%
Enterprise Value (EV) 1 24,179 21,675 20,312 20,761 7,374 18,175
Change - -10.36% -6.29% 2.21% -64.48% 146.48%
P/E -3.41x 6.64x -2.32x 8.01x 1.49x 3.19x
PBR 0.42x 0.4x 0.49x 0.47x 0.37x 0.34x
PEG - -0x 0x -0x 0x -0.1x
Capitalization / Revenue 0.41x 0.28x 0.21x 0.16x 0.09x 0.1x
EV / Revenue 0.75x 0.46x 0.32x 0.26x 0.05x 0.13x
EV / EBITDA 132x -1,045x -9.04x 4.27x 0.69x 1.84x
EV / EBIT -11.3x -9.31x -4.21x 9.57x 0.94x 2.8x
EV / FCF -12.8x 11.3x -22.8x 18.3x 1.42x -1.25x
FCF Yield -7.8% 8.82% -4.39% 5.46% 70.2% -80%
Dividend per Share 2 - 54.67 - 45.34 100.7 -
Rate of return - 4.52% - 3.75% 8.32% -
EPS 2 -354.8 182.2 -521.1 151.1 811.4 378.9
Distribution rate - 30% - 30% 12.4% -
Net sales 1 32,357 47,558 64,052 81,411 150,629 137,775
EBITDA 1 182.5 -20.73 -2,248 4,864 10,724 9,893
EBIT 1 -2,131 -2,329 -4,823 2,170 7,851 6,485
Net income 1 -3,900 2,003 -5,728 1,662 8,920 4,166
Net Debt 1 10,872 8,368 7,004 7,454 -5,934 4,868
Reference price 2 1,210.50 1,210.50 1,210.50 1,210.50 1,210.50 1,210.50
Nbr of stocks (in thousands) 10,993 10,993 10,993 10,993 10,993 10,993
Announcement Date 4/1/21 3/30/22 3/31/23 3/29/24 3/31/25 4/1/26
1CLP in Million2CLP
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 14.56M
21.06x2.89x14.41x3.87% 257B
20.24x2.53x15.09x3.24% 81.08B
18.24x1.86x10.56x3.46% 50.45B
14.84x0.55x9.85x2.6% 38.63B
22.53x3.4x13.76x3.1% 37.4B
39.13x3.33x19.4x0.9% 33.76B
69.4x10.65x44.16x1.1% 30.25B
102.29x1.91x9.51x6.31% 30.1B
Average 38.47x 3.39x 17.09x 3.07% 62.03B
Weighted average by Cap. 28.45x 3.01x 15.45x 3.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA