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 5,367,565 - -
Change - -3.01% 18.78% 32.95% 29.16% -32.68% - -
Enterprise Value (EV) 1 6,371,686 7,301,072 9,438,318 10,956,942 12,785,962 10,081,792 10,077,124 9,942,534
Change - 14.59% 29.27% 16.09% 16.69% -21.15% -0.05% -1.34%
P/E 6.36x 6.43x 21.5x 39.3x - 14x 10.3x 9.41x
PBR 0.96x - 1.26x 1.16x 1.72x 1.2x 1.08x 1.03x
PEG - -2.07x -0.3x -1.4x - - 0.3x 0.96x
Capitalization / Revenue 0.35x 0.27x 0.3x 0.38x 0.47x 0.32x 0.3x 0.29x
EV / Revenue 0.56x 0.51x 0.62x 0.68x 0.76x 0.6x 0.56x 0.53x
EV / EBITDA 4.54x 4.6x 5.78x 7.04x 8.47x 6.51x 6.05x 5.41x
EV / EBIT 6.05x 5.85x 7.51x 9.63x 11.1x 9.08x 8.1x 7.51x
EV / FCF 6.29x 9.24x 8.49x 12.3x 24.6x 17.7x 12.8x 14.8x
FCF Yield 15.9% 10.8% 11.8% 8.14% 4.07% 5.64% 7.8% 6.75%
Dividend per Share 2 73.66 - - 14.62 - 32.2 30.18 25.1
Rate of return 5.17% - - 0.66% - 1.65% 1.55% 1.29%
EPS 2 224 217.1 77 56 - 139.4 188.6 207.2
Distribution rate 32.9% - - 26.1% - 23.1% 16% 12.1%
Net sales 1 11,356,864 14,283,499 15,230,381 16,060,507 16,900,071 16,884,026 17,915,939 18,778,004
EBITDA 1 1,402,982 1,586,861 1,634,048 1,556,394 1,509,497 1,548,500 1,664,623 1,838,106
EBIT 1 1,052,400 1,248,111 1,257,009 1,137,640 1,156,774 1,110,211 1,244,039 1,324,419
Net income 1 639,379 619,000 220,280 158,935 314,917 391,118 513,866 565,029
Net Debt 1 2,341,637 3,392,397 4,795,497 4,784,162 4,813,103 4,714,227 4,709,559 4,574,968
Reference price 2 1,425.00 1,395.00 1,655.00 2,200.00 2,895.00 1,949.30 1,949.30 1,949.30
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 A 3/2/23 A 3/5/24 A 3/6/25 A 2/6/26 A - - -
1CLP in Million2CLP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.01x0.6x6.63x1.65% 5.88B
19.22x0.86x5.8x6.47% 37B
39.36x1.6x20.13x0.31% 31.05B
17.14x0.63x7.29x2.91% 29.91B
74.04x3.28x42.93x-.--% 27.63B
28.72x0.89x9.61x3.29% 22.2B
11.54x0.24x4.32x6.61% 12.87B
15.98x0.38x5.52x3.85% 12.48B
8.19x1.78x5.7x2.43% 12.28B
20.72x0.78x8.95x2.76% 10.32B
Average 24.89x 1.11x 11.69x 3.03% 20.16B
Weighted average by Cap. 29.14x 1.25x 13.80x 3.03%

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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  4. Valuation Cencosud S.A.