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 5,535,560 - -
Change - -3.01% 18.78% 32.95% 29.16% -30.57% - -
Enterprise Value (EV) 1 6,371,686 7,301,072 9,438,318 10,956,942 12,785,962 10,395,755 10,273,700 10,150,474
Change - 14.59% 29.27% 16.09% 16.69% -18.69% -1.17% -1.2%
P/E 6.36x 6.43x 21.5x 39.3x - 15.1x 10.9x 9.84x
PBR 0.96x - 1.26x 1.16x 1.72x 1.16x 1.11x 1.06x
PEG - -2.07x -0.3x -1.4x - - 0.3x 0.9x
Capitalization / Revenue 0.35x 0.27x 0.3x 0.38x 0.47x 0.32x 0.31x 0.3x
EV / Revenue 0.56x 0.51x 0.62x 0.68x 0.76x 0.61x 0.57x 0.54x
EV / EBITDA 4.54x 4.6x 5.78x 7.04x 8.47x 6.73x 6.19x 5.54x
EV / EBIT 6.05x 5.85x 7.51x 9.63x 11.1x 9.41x 8.36x 7.7x
EV / FCF 6.29x 9.24x 8.49x 12.3x 24.6x 18.3x 13.1x 15.1x
FCF Yield 15.9% 10.8% 11.8% 8.14% 4.07% 5.47% 7.65% 6.61%
Dividend per Share 2 73.66 - - 14.62 - 26.96 22.14 24.16
Rate of return 5.17% - - 0.66% - 1.34% 1.1% 1.2%
EPS 2 224 217.1 77 56 - 132.7 185.1 204.3
Distribution rate 32.9% - - 26.1% - 20.3% 12% 11.8%
Net sales 1 11,356,864 14,283,499 15,230,381 16,060,507 16,900,071 17,107,671 17,904,282 18,710,275
EBITDA 1 1,402,982 1,586,861 1,634,048 1,556,394 1,509,497 1,543,832 1,660,846 1,832,924
EBIT 1 1,052,400 1,248,111 1,257,009 1,137,640 1,156,774 1,104,688 1,229,490 1,318,594
Net income 1 639,379 619,000 220,280 158,935 314,917 368,792 501,819 554,721
Net Debt 1 2,341,637 3,392,397 4,795,497 4,784,162 4,813,103 4,860,195 4,738,140 4,614,914
Reference price 2 1,425.00 1,395.00 1,655.00 2,200.00 2,895.00 2,010.00 2,010.00 2,010.00
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.($)
15.15x0.61x6.73x1.34% 5.91B
19.75x0.86x5.79x6.38% 37.08B
35.88x1.48x18.48x0.34% 28.38B
16.82x0.59x6.78x2.95% 26.96B
70.09x3.1x40.64x-.--% 26.28B
26.98x0.84x9.01x3.56% 22.68B
16.79x0.39x5.72x3.65% 13.19B
11.31x0.24x4.36x6.51% 13.12B
7.37x1.63x5.59x2.74% 10.84B
20.67x0.8x8.72x2.76% 10.47B
Average 24.08x 1.05x 11.18x 3.02% 19.49B
Weighted average by Cap. 27.77x 1.17x 12.92x 3.11%

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.