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 01/04/21 30/03/22 31/03/23 29/03/24 31/03/25 01/04/26
1CLP in Million2CLP
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 13.86M
20.08x2.75x13.73x4.12% 238B
19.37x2.45x14.58x3.38% 77.66B
16.1x1.69x9.56x3.89% 44.66B
15.77x0.56x10.06x2.49% 41.05B
20.56x3.13x12.71x3.4% 34.12B
33.6x2.92x16.98x1.1% 29.82B
-8.61x1.87x9.3x6.57% 28.97B
62.68x9.62x39.88x1.22% 27.19B
Average 22.44x 3.12x 15.85x 3.27% 57.97B
Weighted average by Cap. 20.73x 2.79x 14.45x 3.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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