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 4,978,975 - -
Change - -3.01% 18.78% 32.95% 29.16% -37.55% - -
Enterprise Value (EV) 1 6,371,686 7,301,072 9,438,318 10,956,942 12,785,962 9,845,790 9,724,761 9,601,937
Change - 14.59% 29.27% 16.09% 16.69% -23% -1.23% -1.26%
P/E 6.36x 6.43x 21.5x 39.3x 25.6x 15x 10.1x 9.1x
PBR 0.96x - 1.26x 1.16x 1.72x 1.02x 0.96x 0.92x
PEG - -2.07x -0.3x -1.4x 0x 2.22x 0.2x 0.8x
Capitalization / Revenue 0.35x 0.27x 0.3x 0.38x 0.47x 0.29x 0.28x 0.27x
EV / Revenue 0.56x 0.51x 0.62x 0.68x 0.76x 0.58x 0.54x 0.51x
EV / EBITDA 4.54x 4.6x 5.78x 7.04x 8.47x 6.47x 5.88x 5.31x
EV / EBIT 6.05x 5.85x 7.51x 9.63x 11.1x 9.02x 8.01x 7.42x
EV / FCF 6.29x 9.24x 8.49x 12.3x 24.6x 21.5x 14x 17x
FCF Yield 15.9% 10.8% 11.8% 8.14% 4.07% 4.65% 7.14% 5.88%
Dividend per Share 2 73.66 - - 14.62 25 26.31 21.34 23.91
Rate of return 5.17% - - 0.66% 0.86% 1.46% 1.18% 1.32%
EPS 2 224 217.1 77 56 113 120.6 179.3 198.6
Distribution rate 32.9% - - 26.1% 22.1% 21.8% 11.9% 12%
Net sales 1 11,356,864 14,283,499 15,230,381 16,060,507 16,900,071 17,072,998 17,947,877 18,771,493
EBITDA 1 1,402,982 1,586,861 1,634,048 1,556,394 1,509,497 1,522,560 1,653,457 1,809,228
EBIT 1 1,052,400 1,248,111 1,257,009 1,137,640 1,156,774 1,091,594 1,213,980 1,294,522
Net income 1 639,379 619,000 220,280 158,935 314,917 314,224 491,873 550,153
Net Debt 1 2,341,637 3,392,397 4,795,497 4,784,162 4,813,103 4,866,816 4,745,786 4,622,963
Reference price 2 1,425.00 1,395.00 1,655.00 2,200.00 2,895.00 1,807.90 1,807.90 1,807.90
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 03/03/22 02/03/23 05/03/24 06/03/25 06/02/26 - - -
1CLP in Million2CLP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.07x0.58x6.48x1.45% 5.08B
41.27x1.32x20.21x0.84% 942B
26.25x1.26x10.93x0.9% 55.7B
16.97x0.59x8.53x3.04% 44.16B
17.01x0.68x12.72x2.69% 40.41B
12.96x0.35x6.61x2.32% 38.4B
21.99x0.95x6.31x5.04% 37.81B
28.01x0.86x9.94x2.64% 35.04B
12.28x0.47x5.93x3.84% 31.9B
16.43x0.64x7.38x2.88% 29.5B
Average 20.82x 0.77x 9.51x 2.56% 126.03B
Weighted average by Cap. 35.74x 1.18x 17.32x 1.33%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cencosud S.A.

Historical PBR trend

Valuation ratios - PBR - Cencosud S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cencosud S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cencosud S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cencosud S.A.
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