Reported Earnings • Jun 04
First quarter 2026 earnings released First quarter 2026 results: Revenue: US$408.7m (flat on 1Q 2025). Net income: US$49.8m (down 4.6% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 07
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Chilean dividend payers (6.7%). In line with average of industry peers (6.0%). Declared Dividend • Apr 15
Dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 13th May 2026 Payment date: 18th May 2026 Dividend yield will be 0.003%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공고 • Apr 13
Minera Valparaiso S.A., Annual General Meeting, Apr 30, 2026 Minera Valparaiso S.A., Annual General Meeting, Apr 30, 2026. Location: apoquindo avenue no 3846, 21st floor, santiago Chile Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: US$1.35 (vs US$1.95 in FY 2024) Full year 2025 results: EPS: US$1.35 (down from US$1.95 in FY 2024). Revenue: US$1.60b (up 1.2% from FY 2024). Net income: US$168.7m (down 31% from FY 2024). Profit margin: 11% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CL$12,409. The fair value is estimated to be CL$15,544, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Feb 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to CL$12,750. The fair value is estimated to be CL$15,972, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 28%. New Risk • Dec 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Sep 08
Second quarter 2025 earnings released: EPS: US$0.47 (vs US$0.50 in 2Q 2024) Second quarter 2025 results: EPS: US$0.47 (down from US$0.50 in 2Q 2024). Revenue: US$402.7m (down 5.4% from 2Q 2024). Net income: US$58.7m (down 5.4% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jun 04
First quarter 2025 earnings released: EPS: US$0.42 (vs US$0.58 in 1Q 2024) First quarter 2025 results: EPS: US$0.42 (down from US$0.58 in 1Q 2024). Revenue: US$412.5m (up 7.9% from 1Q 2024). Net income: US$52.2m (down 28% from 1Q 2024). Profit margin: 13% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of US$0.80 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.4%. Lower than top quartile of Chilean dividend payers (7.9%). In line with average of industry peers (7.2%). 공고 • Apr 07
Minera Valparaiso S.A., Annual General Meeting, Apr 30, 2025 Minera Valparaiso S.A., Annual General Meeting, Apr 30, 2025. Location: avenida apoquindo n 3846, piso 21, santiago Chile Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: US$0.61 (vs US$0.48 in 3Q 2023) Third quarter 2024 results: EPS: US$0.61 (up from US$0.48 in 3Q 2023). Revenue: US$384.1m (down 22% from 3Q 2023). Net income: US$76.5m (up 28% from 3Q 2023). Profit margin: 20% (up from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.5% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: US$0.50 (vs US$0.98 in 2Q 2023) Second quarter 2024 results: EPS: US$0.50 (down from US$0.98 in 2Q 2023). Revenue: US$425.7m (down 22% from 2Q 2023). Net income: US$62.0m (down 50% from 2Q 2023). Profit margin: 15% (down from 23% in 2Q 2023). 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 4% per year. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: US$0.58 (vs US$0.72 in 1Q 2023) First quarter 2024 results: EPS: US$0.58 (down from US$0.72 in 1Q 2023). Revenue: US$382.2m (down 31% from 1Q 2023). Net income: US$72.7m (down 19% from 1Q 2023). Profit margin: 19% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of US$1.17 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 12%. Within top quartile of Chilean dividend payers (11%). Higher than average of industry peers (7.7%). Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$2.67 (vs US$3.31 in FY 2022) Full year 2023 results: EPS: US$2.67 (down from US$3.31 in FY 2022). Revenue: US$2.00b (up 1.5% from FY 2022). Net income: US$333.1m (down 20% from FY 2022). Profit margin: 17% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.77 in 3Q 2022) Third quarter 2023 results: EPS: US$0.48 (down from US$0.77 in 3Q 2022). Revenue: US$493.9m (up 1.2% from 3Q 2022). Net income: US$59.7m (down 38% from 3Q 2022). Profit margin: 12% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: US$0.98 (vs US$0.99 in 2Q 2022) Second quarter 2023 results: EPS: US$0.98 (down from US$0.99 in 2Q 2022). Revenue: US$546.1m (up 6.2% from 2Q 2022). Net income: US$123.1m (flat on 2Q 2022). Profit margin: 23% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 04
Upcoming dividend of US$1.05 per share at 14% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 62% and the cash payout ratio is 78%. Trailing yield: 14%. Within top quartile of Chilean dividend payers (14%). Higher than average of industry peers (9.4%). Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: US$3.31 (vs US$3.49 in FY 2021) Full year 2022 results: EPS: US$3.31 (down from US$3.49 in FY 2021). Revenue: US$1.97b (up 37% from FY 2021). Net income: US$413.9m (down 5.2% from FY 2021). Profit margin: 21% (down from 30% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 19
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 26 December 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 13%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (19%). Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: US$0.77 (vs US$2.00 in 3Q 2021) Third quarter 2022 results: EPS: US$0.77 (down from US$2.00 in 3Q 2021). Revenue: US$488.3m (up 37% from 3Q 2021). Net income: US$96.4m (down 62% from 3Q 2021). Profit margin: 20% (down from 70% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Hernan Wilson was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 13
Second quarter 2022 earnings released: EPS: US$0.99 (vs US$0.61 in 2Q 2021) Second quarter 2022 results: EPS: US$0.99 (up from US$0.61 in 2Q 2021). Revenue: US$514.0m (up 38% from 2Q 2021). Net income: US$123.7m (up 63% from 2Q 2021). Profit margin: 24% (up from 20% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CL$12,000, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 5x in the Renewable Energy industry in Chile. Total returns to shareholders of 101% over the past three years. Upcoming Dividend • May 16
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 27 May 2022. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 15%. Within top quartile of Chilean dividend payers (10%). Lower than average of industry peers (25%). Board Change • Apr 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Jaime Fuenzalida Alessandri was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.49 (up from US$0.77 in FY 2020). Revenue: US$1.44b (up 6.7% from FY 2020). Net income: US$436.7m (up 356% from FY 2020). Profit margin: 30% (up from 7.1% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 17
Upcoming dividend of US$0.66 per share Eligible shareholders must have bought the stock before 24 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Chilean dividend payers (9.3%). Higher than average of industry peers (8.9%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS US$2.00 (vs US$0.38 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$357.3m (up 3.8% from 3Q 2020). Net income: US$250.5m (up 435% from 3Q 2020). Profit margin: 70% (up from 14% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorated over the past week After last week's 35% share price decline to CL$11,845, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Renewable Energy industry in Chile. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Oct 01
Upcoming dividend of US$4.86 per share Eligible shareholders must have bought the stock before 08 October 2021. Payment date: 14 October 2021. Trailing yield: 10%. Within top quartile of Chilean dividend payers (7.6%). Higher than average of industry peers (7.9%). Upcoming Dividend • May 03
Upcoming dividend of US$1.16 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 14 May 2021. Trailing yield: 8.6%. Within top quartile of Chilean dividend payers (6.1%). Higher than average of industry peers (6.2%). Reported Earnings • Mar 14
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.35b (down 9.3% from FY 2019). Net income: US$95.9m (down 59% from FY 2019). Profit margin: 7.1% (down from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 07
New 90-day high: CL$15,385 The company is up 3.0% from its price of CL$14,881 on 08 September 2020. The Chilean market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Renewable Energy industry, which is down 6.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS US$0.38 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$344.1m (down 4.9% from 3Q 2019). Net income: US$46.8m (up 211% from 3Q 2019). Profit margin: 14% (up from 4.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 31
New 90-day low: CL$13,984 The company is down 14% from its price of CL$16,209 on 31 July 2020. The Chilean market is down 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is down 15% over the same period. Is New 90 Day High Low • Oct 09
New 90-day low: CL$14,236 The company is down 8.0% from its price of CL$15,547 on 10 July 2020. The Chilean market is down 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 10.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CL$14,776 The company is down 8.0% from its price of CL$16,100 on 26 June 2020. The Chilean market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Renewable Energy industry, which is also down 8.0% over the same period.