SMU S.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 176.8 CLP | +1.09% |
|
+6.89% | +9.27% |
| Mar. 13 | Transcript : SMU S.A., Q4 2023 Earnings Call, Mar 13, 2024 | |
| Mar. 12 | SMU S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 848,453 | 617,666 | 496,442 | 669,454 | 932,487 | 1,025,851 | - | - |
| Enterprise Value (EV) 1 | 1,587,848 | 1,474,391 | 1,367,868 | 1,585,869 | 932,487 | 1,937,434 | 1,784,241 | 1,694,805 |
| P/E ratio | 24.5 x | 20.7 x | 6.56 x | 5.07 x | 10.7 x | 10.6 x | 9.22 x | - |
| Yield | - | 1.9% | - | - | - | 6.48% | 8.07% | 8.75% |
| Capitalization / Revenue | 0.37 x | 0.27 x | 0.2 x | 0.24 x | 0.33 x | 0.32 x | 0.31 x | 0.28 x |
| EV / Revenue | 0.69 x | 0.64 x | 0.55 x | 0.56 x | 0.33 x | 0.61 x | 0.54 x | 0.47 x |
| EV / EBITDA | 8.02 x | 7.95 x | 6.06 x | 5.95 x | 3.55 x | 6.6 x | 5.87 x | 5.01 x |
| EV / FCF | - | 9.76 x | - | 7.42 x | - | 13.6 x | 9.14 x | 7.63 x |
| FCF Yield | - | 10.2% | - | 13.5% | - | 7.36% | 10.9% | 13.1% |
| Price to Book | 1.18 x | 0.85 x | 0.66 x | 0.86 x | - | 1.24 x | 1.2 x | - |
| Nbr of stocks (in thousands) | 5,772,577 | 5,772,577 | 5,772,577 | 5,763,206 | 5,763,206 | 5,763,206 | - | - |
| Reference price 2 | 147.0 | 107.0 | 86.00 | 116.2 | 161.8 | 178.0 | 178.0 | 178.0 |
| Announcement Date | 3/16/20 | 3/15/21 | 3/15/22 | 3/13/23 | 3/11/24 | - | - | - |
1CLP in Million2CLP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,297,032 | 2,316,346 | 2,472,378 | 2,826,314 | 2,862,383 | 3,174,508 | 3,303,079 | 3,619,180 |
| EBITDA 1 | 198,015 | 185,471 | 225,780 | 266,332 | 262,480 | 293,677 | 304,108 | 338,537 |
| EBIT 1 | 111,788 | 99,520 | 145,951 | 174,764 | 161,782 | 166,591 | 192,891 | - |
| Operating Margin | 4.87% | 4.3% | 5.9% | 6.18% | 5.65% | 5.25% | 5.84% | - |
| Earnings before Tax (EBT) 1 | 39,799 | 29,489 | 56,466 | 88,552 | 100,206 | 114,868 | 138,443 | - |
| Net income 1 | 34,584 | 29,828 | 75,707 | 132,059 | 87,274 | 96,947 | 111,532 | - |
| Net margin | 1.51% | 1.29% | 3.06% | 4.67% | 3.05% | 3.05% | 3.38% | - |
| EPS 2 | 5.990 | 5.170 | 13.11 | 22.89 | 15.14 | 16.81 | 19.30 | - |
| Free Cash Flow 1 | - | 151,069 | - | 213,710 | - | 142,628 | 195,150 | 222,209 |
| FCF margin | - | 6.52% | - | 7.56% | - | 4.49% | 5.91% | 6.14% |
| FCF Conversion (EBITDA) | - | 81.45% | - | 80.24% | - | 48.57% | 64.17% | 65.64% |
| FCF Conversion (Net income) | - | 506.47% | - | 161.83% | - | 147.12% | 174.97% | - |
| Dividend per Share 2 | - | 2.038 | - | - | - | 11.54 | 14.36 | 15.57 |
| Announcement Date | 3/16/20 | 3/15/21 | 3/15/22 | 3/13/23 | 3/11/24 | - | - | - |
1CLP in Million2CLP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 665,230 | 671,635 | 723,462 | 765,986 | 704,239 | 704,594 | 714,703 | 738,847 | 702,000 |
| EBITDA 1 | - | 57,861 | 69,420 | 73,780 | 67,702 | 59,577 | 65,492 | 69,709 | 64,000 |
| EBIT | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income 1 | 49,801 | 21,690 | 29,344 | 31,223 | 22,211 | 18,784 | 10,937 | 36,042 | 18,000 |
| Net margin | 7.49% | 3.23% | 4.06% | 4.08% | 3.15% | 2.67% | 1.53% | 4.88% | 2.56% |
| EPS | - | - | - | - | 3.850 | - | - | 6.250 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/16/22 | 8/17/22 | 11/15/22 | 3/13/23 | 5/15/23 | 8/17/23 | 11/14/23 | 3/11/24 | - |
1CLP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 739,394 | 856,725 | 871,426 | 916,415 | - | 911,583 | 758,390 | 668,954 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.734 x | 4.619 x | 3.86 x | 3.441 x | - | 3.104 x | 2.494 x | 1.976 x |
| Free Cash Flow 1 | - | 151,069 | - | 213,710 | - | 142,628 | 195,150 | 222,209 |
| ROE (net income / shareholders' equity) | 4.88% | 4.13% | 10.2% | 17.2% | - | 12.8% | 13.4% | - |
| ROA (Net income/ Total Assets) | - | 1.4% | - | - | - | 4.8% | - | - |
| Assets 1 | - | 2,129,939 | - | - | - | 2,019,729 | - | - |
| Book Value Per Share 2 | 125.0 | 126.0 | 130.0 | 136.0 | - | 143.0 | 149.0 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 35,569 | 26,453 | - | 56,876 | - | 120,000 | 66,500 | - |
| Capex / Sales | 1.55% | 1.14% | - | 2.01% | - | 3.78% | 2.01% | - |
| Announcement Date | 3/16/20 | 3/15/21 | 3/15/22 | 3/13/23 | 3/11/24 | - | - | - |
1CLP in Million2CLP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
178
CLP
Average target price
221.2
CLP
Spread / Average Target
+24.30%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.27% | 1.07B | |
| +12.72% | 474B | |
| +19.96% | 39.53B | |
| +0.40% | 36.45B | |
| +20.05% | 33.93B | |
| +9.13% | 28.93B | |
| +3.53% | 26.11B | |
| -18.01% | 25.24B | |
| +11.83% | 17.76B | |
| +2.60% | 17.75B |
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- Financials SMU S.A.
