Board Change • May 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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Declared Dividend • Mar 25
Dividend increased to CL$0.37 Dividend of CL$0.37 is 27% higher than last year. Ex-date: 25th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: CL$0.001 (vs CL$0.98 in FY 2024) Full year 2025 results: EPS: CL$0.001. Revenue: CL$261.5b (up 7.4% from FY 2024). Net income: CL$33.0b (up 27% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Annonce • Mar 24
Essbio S.A. announces Annual dividend, payable on May 28, 2026 Essbio S.A. announced Annual dividend of CLP 0.3749 per share payable on May 28, 2026, ex-date on May 25, 2026 and record date on May 22, 2026. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CL$9.99, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Water Utilities industry in South America. Total returns to shareholders of 5.8% over the past three years. New Risk • Dec 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Dec 09
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • Oct 03
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • Sep 14
Second quarter 2025 earnings released: EPS: CL$0.16 (vs CL$0.13 in 2Q 2024) Second quarter 2025 results: EPS: CL$0.16 (up from CL$0.13 in 2Q 2024). Revenue: CL$60.9b (up 6.8% from 2Q 2024). Net income: CL$4.20b (up 26% from 2Q 2024). Profit margin: 6.9% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Sep 03
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • May 02
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Declared Dividend • Mar 27
Dividend of CL$0.29 announced Shareholders will receive a dividend of CL$0.29. Ex-date: 19th May 2025 Payment date: 23rd May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 26
Essbio S.A. announces Annual dividend, payable on May 23, 2025 Essbio S.A. announced Annual dividend of CLP 0.2943 per share payable on May 23, 2025, ex-date on May 19, 2025 and record date on May 16, 2025. Annonce • Mar 25
Essbio S.A., Annual General Meeting, Apr 24, 2025 Essbio S.A., Annual General Meeting, Apr 24, 2025. Location: av arturo prat 199, torre b 15th floor, concepcion Chile Board Change • Jan 31
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 24
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. 4 highly experienced directors. No independent directors (9 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CL$176.1b (up 234% from 3Q 2023). Net income: CL$22.9b (up 304% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Sep 13
Second quarter 2024 earnings released: EPS: CL$1.00 (vs CL$0.22 in 2Q 2023) Second quarter 2024 results: EPS: CL$1.00. Revenue: CL$57.6b (up 1.9% from 2Q 2023). Net income: CL$3.33b (down 43% from 2Q 2023). Profit margin: 5.8% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. New Risk • Jun 05
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 0.7% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: CL$1.00 (vs CL$0.43 in 1Q 2023) First quarter 2024 results: EPS: CL$1.00 (up from CL$0.43 in 1Q 2023). Revenue: CL$69.2b (up 5.2% from 1Q 2023). Net income: CL$14.0b (up 22% from 1Q 2023). Profit margin: 20% (up from 17% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 48% After last week's 48% share price gain to CL$14.70, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 12x in the Water Utilities industry in South America. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • May 10
Upcoming dividend of CL$1.13 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.0%. Lower than top quartile of Chilean dividend payers (10%). Higher than average of industry peers (3.4%). Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: CL$2.00 (vs CL$0.27 in FY 2022) Full year 2023 results: EPS: CL$2.00 (up from CL$0.27 in FY 2022). Revenue: CL$235.2b (up 7.5% from FY 2022). Net income: CL$29.7b (up 315% from FY 2022). Profit margin: 13% (up from 3.3% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 11
Upcoming dividend of CL$0.45 per share at 8.9% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 21 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.9%. Lower than top quartile of Chilean dividend payers (12%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CL$56.8b (up 14% from 2Q 2022). Net income: CL$5.79b (up CL$8.71b from 2Q 2022). Profit margin: 10% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 17
Upcoming dividend of CL$0.27 per share at 2.3% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 28 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.3%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (3.9%). Reported Earnings • Nov 25
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CL$49.1b (up 14% from 3Q 2021). Net loss: CL$4.22b (down 228% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • Sep 13
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CL$49.9b (up 15% from 2Q 2021). Net loss: CL$2.92b (down 201% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • May 15
First quarter 2022 earnings released First quarter 2022 results: Revenue: CL$59.7b (up 17% from 1Q 2021). Net income: CL$11.7b (up 18% from 1Q 2021). Profit margin: 20% (in line with 1Q 2021). Upcoming Dividend • May 13
Upcoming dividend of CL$0.70 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 26 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Lower than top quartile of Chilean dividend payers (11%). Higher than average of industry peers (3.7%). Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). Director Olga Botero Pelaez was the last director to join the board, commencing their role in 2020. 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 • Mar 12
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CL$189.8b (up 9.2% from FY 2020). Net income: CL$18.5b (down 11% from FY 2020). Profit margin: 9.7% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: CL$43.4b (up 14% from 3Q 2020). Net income: CL$3.31b (up 54% from 3Q 2020). Profit margin: 7.6% (up from 5.6% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Sep 12
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CL$43.5b (up 8.0% from 2Q 2020). Net income: CL$2.88b (down 24% from 2Q 2020). Profit margin: 6.6% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
First quarter 2021 earnings released The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CL$51.3b (up 4.1% from 1Q 2020). Net income: CL$9.87b (down 6.3% from 1Q 2020). Profit margin: 19% (down from 21% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 07
Upcoming dividend of CL$0.24 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 19 May 2021. Trailing yield: 3.9%. Lower than top quartile of Chilean dividend payers (6.1%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 29
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CL$174.4b (up 3.1% from FY 2019). Net income: CL$20.8b (up 1.4% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.