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Chilean (IPSA) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies166
  • 7D2.7%
  • 3M-1.7%
  • 1Y29.5%
  • YTD0.1%

The market is up 2.7% over the last week, with the Consumer Discretionary sector leading the way, up 6.2%. In the last year, the market has climbed 30%. As for the next few years, earnings are expected to grow by 3.1% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Chilean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026CL$218.6tCL$223.9tCL$18.3t11.8x12x1x
Tue, 03 Mar 2026CL$228.4tCL$215.8tCL$18.0t12.4x12.7x1.1x
Thu, 29 Jan 2026CL$240.9tCL$211.6tCL$15.7t13.7x15.3x1.1x
Sat, 27 Dec 2025CL$219.1tCL$216.7tCL$16.1t12.9x13.6x1x
Mon, 24 Nov 2025CL$209.2tCL$220.0tCL$16.3t12x12.8x1x
Wed, 22 Oct 2025CL$199.8tCL$220.5tCL$17.2t11.2x11.6x0.9x
Fri, 19 Sep 2025CL$197.7tCL$220.6tCL$17.2t11.1x11.5x0.9x
Sun, 17 Aug 2025CL$189.0tCL$221.1tCL$17.5t10.1x10.8x0.9x
Tue, 15 Jul 2025CL$183.2tCL$221.0tCL$17.1t10x10.7x0.8x
Thu, 12 Jun 2025CL$184.2tCL$216.9tCL$16.7t10.1x11x0.8x
Sat, 10 May 2025CL$183.3tCL$215.8tCL$15.6t10.1x11.7x0.8x
Mon, 07 Apr 2025CL$169.3tCL$218.1tCL$15.3t10.2x11.1x0.8x
Wed, 05 Mar 2025CL$167.5tCL$218.7tCL$14.7t9.9x11.4x0.8x
Fri, 31 Jan 2025CL$160.5tCL$221.8tCL$14.7t9.7x10.9x0.7x
Sun, 29 Dec 2024CL$154.0tCL$222.2tCL$14.8t9.1x10.4x0.7x
Tue, 26 Nov 2024CL$150.6tCL$220.4tCL$15.0t9.2x10.1x0.7x
Thu, 24 Oct 2024CL$152.5tCL$215.7tCL$13.0t9.5x11.7x0.7x
Sat, 21 Sep 2024CL$147.2tCL$212.5tCL$12.7t9.2x11.6x0.7x
Mon, 19 Aug 2024CL$150.4tCL$213.7tCL$12.4t9.2x12.1x0.7x
Wed, 17 Jul 2024CL$152.9tCL$209.8tCL$11.7t9.9x13.1x0.7x
Fri, 14 Jun 2024CL$151.7tCL$210.6tCL$11.3t10.1x13.5x0.7x
Sun, 12 May 2024CL$154.5tCL$212.2tCL$13.6t8.8x11.4x0.7x
Tue, 09 Apr 2024CL$153.1tCL$214.8tCL$12.9t8.9x11.9x0.7x
Thu, 07 Mar 2024CL$148.8tCL$222.6tCL$15.8t8.6x9.4x0.7x
Sat, 03 Feb 2024CL$145.4tCL$220.5tCL$19.0t8.3x7.7x0.7x
Mon, 01 Jan 2024CL$143.7tCL$211.8tCL$18.5t8.2x7.7x0.7x
Wed, 29 Nov 2023CL$138.0tCL$210.9tCL$19.6t8.4x7x0.7x
Fri, 27 Oct 2023CL$128.8tCL$215.7tCL$19.5t7.8x6.6x0.6x
Sun, 24 Sep 2023CL$133.8tCL$211.4tCL$19.3t8.2x6.9x0.6x
Tue, 22 Aug 2023CL$138.2tCL$208.7tCL$20.2t8.1x6.8x0.7x
Thu, 20 Jul 2023CL$140.0tCL$201.2tCL$22.7t7.8x6.2x0.7x
Sat, 17 Jun 2023CL$131.2tCL$199.8tCL$22.7t7.8x5.8x0.7x
Mon, 15 May 2023CL$131.6tCL$195.3tCL$24.5t7.1x5.4x0.7x
Wed, 12 Apr 2023CL$126.4tCL$197.7tCL$25.2t7.2x5x0.6x
Price to Earnings Ratio

5x


Total Market Cap: CL$126.4tTotal Earnings: CL$25.2tTotal Revenue: CL$197.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 10.2x202420252026
Current Market PE
  • Investors are optimistic on the Chilean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 11.9x which is higher than its 3-year average PE of 10.2x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 9.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Chilean Market?

CL Market2.73%
Consumer Discretionary6.22%
Real Estate6.21%
Utilities3.17%
Consumer Staples2.93%
Materials2.05%
Financials1.54%
Tech1.31%
Industrials1.15%
Energy0.031%
Telecom-0.03%
Healthcare-0.64%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings growth of 2.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
FALABELLA FalabellaCL$5.85k8.9%
+CL$1.2t		50.0%PE10.9xConsumer Discretionary
ENELAM Enel AméricasCL$81.986.6%
+CL$523.2b		-8.9%PE9.6xUtilities
CENCOMALLS Cencosud ShoppingCL$2.45k12.1%
+CL$451.9b		30.0%PE13.8xReal Estate
BSANTANDER Banco Santander-ChileCL$75.822.8%
+CL$390.1b		42.0%PB2.5xFinancials
LTM LATAM Airlines GroupCL$22.802.9%
+CL$373.2b		58.0%PE9.7xIndustrials
See more

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Latest News

MALLPLAZA
CL$4,000.00
Plaza
7D
3.9%
1Y
100.0%
CAMARONEX
US$30.00
Pampa Camarones
7D
-31.7%
1Y
-31.8%
FALABELLA
CL$5,850.00
Falabella
7D
8.9%
1Y
50.0%

FALABELLA: Updated Margin And P/E Assumptions Will Likely Keep Shares Fairly Valued

Analysts now cite updated assumptions for revenue growth, profit margins and future P/E as they revise Falabella's price target from CLP4,770.42 to CLP5,810.00. Valuation Changes Fair Value: CLP4,770.42 to CLP5,810.00, indicating a higher assessed equity value per share.
CENCOMALLS
CL$2,449.90
Cencosud Shopping
7D
12.1%
1Y
30.0%
ENELAM
CL$81.98
Enel Américas
7D
6.6%
1Y
-8.9%

ENELAM: Higher Fair Value And Lower Future P/E Will Support Upside

Analysts have raised their CLP price target for Enel Américas from CLP105.44 to CLP114.74, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: CLP105.44 has moved to CLP114.74, indicating a modest upward adjustment in the assessed equity value.
BSANTANDER
CL$75.82
Banco Santander-Chile
7D
2.8%
1Y
42.0%
LTM
CL$22.80
LATAM Airlines Group
7D
2.9%
1Y
58.0%

LTM: Improved Earnings Execution And Traffic Trends Will Support Recovery

Analysts now see LATAM Airlines Group's fair value price target at CLP 33.474, with modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. These changes reflect research that points to improved earnings expectations, while suggesting a more balanced risk-reward profile after recent share price moves.
SK
CL$1,730.10
Sigdo Koppers
7D
-2.5%
1Y
61.1%
MOLYMET
CL$9,593.90
Molibdenos y Metales
7D
-0.6%
1Y
155.8%
CENCOSUD
CL$2,500.00
Cencosud
7D
4.2%
1Y
-10.7%

CENCOSUD: Planned Store And Mall Expansions Will Support Future Upside

Analysts have maintained their CLP$3,520 price target for Cencosud, citing only minor adjustments to assumptions on the discount rate, revenue growth, profit margins and future P/E that do not materially change their overall valuation view. What's in the News Cencosud issued consolidated earnings guidance for the full year 2026, expecting revenues of US$18.413b, providing a reference point for the scale of the business in the current planning cycle (company guidance).
PASUR
CL$5,650.10
Forestal Constructora y Comercial del Pacifico Sur
7D
-2.9%
1Y
-10.3%
ITAUCL
CL$20,200.00
Banco Itaú Chile
7D
6.3%
1Y
60.8%

ITAUCL: Dividend Payout Plan And Profit Retention Will Support Future Upside

Analysts have kept their CLP fair value estimate for Banco Itaú Chile steady at CLP 23,580. This reflects only minor technical updates to discount rate, revenue growth, profit margin and forward P/E assumptions rather than a change in the overall price target view.
POTASIOS-A
CL$416.46
Potasios de Chile
7D
-0.6%
1Y
73.5%
QUINENCO
CL$4,289.90
Quiñenco
7D
-0.2%
1Y
17.2%
ENTEL
CL$3,700.00
Empresa Nacional de Telecomunicaciones
7D
-0.8%
1Y
30.1%
CUPRUM
CL$135.54
Administradora de Fondos de Pensiones Cuprum
7D
-0.6%
1Y
78.6%

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