Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CL$157, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 11x in the Electric Utilities industry in Chile. Total returns to shareholders of 566% over the past three years. New Risk • Jun 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 151% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 04
First quarter 2026 earnings released: EPS: CL$5.63 (vs CL$8.69 in 1Q 2025) First quarter 2026 results: EPS: CL$5.63 (down from CL$8.69 in 1Q 2025). Revenue: CL$64.1b (down 1.8% from 1Q 2025). Net income: CL$11.4b (down 35% from 1Q 2025). Profit margin: 18% (down from 27% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of CL$9.04 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Chilean dividend payers (6.5%). Higher than average of industry peers (3.8%). Declared Dividend • Mar 29
Dividend increased to CL$9.04 Dividend of CL$9.04 is 59% higher than last year. Ex-date: 6th May 2026 Payment date: 11th May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased by an average of 2.6% per year over the past 3 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 28
CGE Transmisión S.A. announces Annual dividend, payable on May 11, 2026 CGE Transmisión S.A. announced Annual dividend of CLP 9.0440 per share payable on May 11, 2026, ex-date on May 06, 2026 and record date on May 05, 2026. Annonce • Mar 27
CGE Transmisión S.A., Annual General Meeting, Apr 29, 2026 CGE Transmisión S.A., Annual General Meeting, Apr 29, 2026. Location: avda presidente riesco n 5561, 17th floor commune of las condes, santiago Chile Board Change • Mar 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CL$110, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 12x in the Electric Utilities industry in Chile. Total returns to shareholders of 999% over the past three years. New Risk • Sep 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 137% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 04
Second quarter 2025 earnings released: EPS: CL$5.96 (vs CL$6.78 in 2Q 2024) Second quarter 2025 results: EPS: CL$5.96 (down from CL$6.78 in 2Q 2024). Revenue: CL$68.6b (up 9.9% from 2Q 2024). Net income: CL$12.0b (down 12% from 2Q 2024). Profit margin: 18% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Board Change • Aug 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: CL$8.69 (vs CL$1.67 in 1Q 2024) First quarter 2025 results: EPS: CL$8.69 (up from CL$1.67 in 1Q 2024). Revenue: CL$65.3b (up 10.0% from 1Q 2024). Net income: CL$17.6b (up 422% from 1Q 2024). Profit margin: 27% (up from 5.7% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Board Change • May 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 30
Upcoming dividend of CL$5.70 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Chilean dividend payers (7.9%). In line with average of industry peers (6.9%). Board Change • Apr 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 08
CGE Transmisión S.A., Annual General Meeting, Apr 23, 2025 CGE Transmisión S.A., Annual General Meeting, Apr 23, 2025. Location: avda presidente riesco n 5561, 17th floor commune of las condes, santiago Chile Annonce • Mar 30
CGE Transmisión S.A. announces Annual dividend, payable on May 08, 2025 CGE Transmisión S.A. announced Annual dividend of CLP 5.7000 per share payable on May 08, 2025, ex-date on May 05, 2025 and record date on May 02, 2025. Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: CL$18.97 (vs CL$21.63 in FY 2023) Full year 2024 results: EPS: CL$18.97 (down from CL$21.63 in FY 2023). Revenue: CL$250.0b (up 7.3% from FY 2023). Net income: CL$38.3b (down 12% from FY 2023). Profit margin: 15% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Board Change • Feb 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buy Or Sell Opportunity • Nov 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CL$85.00. The fair value is estimated to be CL$70.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year, while earnings per share has been flat. Board Change • Nov 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Feb 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 5.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (5.0% average weekly change). New Risk • Aug 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (CL$60.8b market cap, or US$71.4m).