Chilean Undervalued over 20% based on DCF

Banco Santander-Chile

Market Cap: CL$10.8t

Provides commercial and retail banking products and services in Chile.

Cencosud

Market Cap: CL$8.4t

Operates as a retailer in Latin America.

Empresas CMPC

Market Cap: CL$3.6t

Engages in the production and sale of pulp and wood products in Chile and internationally.

Scotiabank Chile

Market Cap: CL$2.9t

Provides various financial products and services in Chile.

Compañía Sud Americana de Vapores

Market Cap: CL$2.5t

Operates as a shipping company.

Aguas Andinas

Market Cap: CL$1.9t

Aguas Andinas S.A., together with its subsidiaries, constructs and operates as a water utility company in Chile.

Parque Arauco

Market Cap: CL$1.9t

Develops, owns, operates, and manages multi-format real estate assets in Chile, Peru, and Colombia.

Minera Valparaiso

Market Cap: CL$1.8t

An investment company, engages in the generation and sale of electric power.

Empresa Eléctrica Pehuenche

Market Cap: CL$1.7t

Engages in the generation, transmission, distribution, and supply of electricity in Chile.

Bicecorp

Market Cap: CL$1.7t

Provides various financial products and services in Chile.

Inversiones La Construcción

Market Cap: CL$1.1t

Operates in the financial and health sectors in Chile, Peru, and Colombia.

Grupo Security

Market Cap: CL$1.1t

A diversified financial holding company, provides commercial and retail banking, insurance, factoring, asset management, and other products and services to large and medium-sized companies, and high-income individuals in Chile.

Administradora de Fondos de Pensiones Habitat

Market Cap: CL$1.1t

Administradora de Fondos de Pensiones Habitat S.A.

Administradora de Fondos de Pensiones Capital

Market Cap: CL$773.1b

Administradora de Fondos de Pensiones Capital S.A.

Forestal Constructora y Comercial del Pacifico Sur

Market Cap: CL$749.6b

Engages in the purchase, sell, and distribute materials and construction products.

Esval

Market Cap: CL$553.5b

Produces and distributes drinking water in Chile.

Administradora de Fondos de Pensiones PlanVital

Market Cap: CL$400.3b

Administradora de Fondos de Pensiones PlanVital S.A.

Salmones Camanchaca

Market Cap: CL$218.3b

Engages in the salmon farming business in Chile.

CGE Transmisión

Market Cap: CL$171.7b

Operates in the electric power transmission sector primarily in the zonal transmission and dedicated transmission segments.

Masisa

Market Cap: CL$97.3b

Manufactures and sells wooden boards for furniture solutions and interior spaces in Chile, the United States, Peru, Colombia, Ecuador, Canada, China, Vietnam, South Korea, and internationally.

Compañía de Inversiones La Española

Market Cap: CL$61.6b

Invests in shares and real estate.

Inversiones Unión Española

Market Cap: CL$37.0b

Engages in investment activities.

Feria de Osorno

Market Cap: CL$31.2b

Through its subsidiaries, engages in the production, distribution, import, export, and sale of food products to farmers in Chile.

Inmobiliaria San Patricio

Market Cap: CL$21.6b

Engages in the real estate business in Chile.

Inversiones Unespa

Market Cap: CL$7.7b

Invests in personal and real properties.

Inmobiliaria Central de Estacionamientos Agustinas

Market Cap: CL$5.5b

Inmobiliaria Central de Estacionamientos Agustinas S.A.

Invernova

Market Cap: CL$4.7b

Engages in the investment, purchase, sale, disposal, and marketing of movable and immovable property, commercial papers, shares, bonds, and other securities.

Sociedad Inmobiliaria Viña del Mar

Market Cap: CL$87.2m

Engages in the acquisition, maintenance, transformation, repair, and sale of movable and immovable properties for sporting, cultural, or charitable social activities in Chile.