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Chilean (IPSA) Market Analysis & Valuation

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies166
  • 7D0.3%
  • 3M9.9%
  • 1Y41.3%
  • YTD41.2%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 13%. More promisingly, the market is up 41% over the past year. 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
Wed, 17 Dec 2025CL$216.8tCL$217.7tCL$16.1t12.7x13.4x1x
Fri, 14 Nov 2025CL$208.1tCL$217.0tCL$16.4t11.9x12.7x1x
Sun, 12 Oct 2025CL$192.8tCL$221.8tCL$17.3t11x11.2x0.9x
Tue, 09 Sep 2025CL$199.4tCL$222.3tCL$17.8t10.8x11.2x0.9x
Thu, 07 Aug 2025CL$182.0tCL$222.1tCL$17.2t10.1x10.6x0.8x
Sat, 05 Jul 2025CL$184.4tCL$216.4tCL$16.7t10.1x11x0.9x
Mon, 02 Jun 2025CL$182.0tCL$217.7tCL$16.3t10.1x11.2x0.8x
Wed, 30 Apr 2025CL$178.7tCL$216.4tCL$15.6t10.4x11.5x0.8x
Fri, 28 Mar 2025CL$169.8tCL$213.8tCL$14.8t9.9x11.5x0.8x
Sun, 23 Feb 2025CL$167.0tCL$219.1tCL$15.1t10x11.1x0.8x
Tue, 21 Jan 2025CL$158.7tCL$223.5tCL$14.9t9.1x10.6x0.7x
Thu, 19 Dec 2024CL$153.8tCL$222.1tCL$14.4t9x10.7x0.7x
Sat, 16 Nov 2024CL$150.5tCL$220.9tCL$14.2t8.6x10.6x0.7x
Mon, 14 Oct 2024CL$150.5tCL$213.3tCL$12.9t9.5x11.6x0.7x
Wed, 11 Sep 2024CL$146.7tCL$214.6tCL$12.9t9.2x11.4x0.7x
Fri, 09 Aug 2024CL$146.4tCL$214.4tCL$12.3t9.4x11.9x0.7x
Sun, 07 Jul 2024CL$152.4tCL$212.7tCL$11.8t9.8x12.9x0.7x
Tue, 04 Jun 2024CL$153.3tCL$208.9tCL$12.3t9.4x12.4x0.7x
Thu, 02 May 2024CL$151.8tCL$215.0tCL$13.3t8.9x11.4x0.7x
Sat, 30 Mar 2024CL$154.6tCL$219.3tCL$13.7t8.9x11.3x0.7x
Mon, 26 Feb 2024CL$146.4tCL$226.4tCL$16.8t8.4x8.7x0.6x
Wed, 24 Jan 2024CL$142.6tCL$216.1tCL$18.9t8x7.6x0.7x
Fri, 22 Dec 2023CL$142.1tCL$211.6tCL$18.5t8.4x7.7x0.7x
Sun, 19 Nov 2023CL$137.9tCL$219.0tCL$22.4t7.9x6.2x0.6x
Tue, 17 Oct 2023CL$131.8tCL$218.0tCL$19.7t7.9x6.7x0.6x
Thu, 14 Sep 2023CL$134.4tCL$208.6tCL$20.0t8.3x6.7x0.6x
Sat, 12 Aug 2023CL$140.4tCL$207.2tCL$22.0t7.8x6.4x0.7x
Mon, 10 Jul 2023CL$133.2tCL$201.5tCL$22.9t7.5x5.8x0.7x
Wed, 07 Jun 2023CL$130.7tCL$200.1tCL$22.8t7.5x5.7x0.7x
Fri, 05 May 2023CL$129.8tCL$196.8tCL$25.0t7.1x5.2x0.7x
Sun, 02 Apr 2023CL$126.2tCL$195.4tCL$25.0t6.6x5x0.6x
Tue, 28 Feb 2023CL$125.9tCL$197.1tCL$24.0t6.4x5.2x0.6x
Thu, 26 Jan 2023CL$123.7tCL$193.1tCL$23.7t6.2x5.2x0.6x
Sat, 24 Dec 2022CL$124.1tCL$201.8tCL$24.6t6.2x5x0.6x
Price to Earnings Ratio

5x


Total Market Cap: CL$124.1tTotal Earnings: CL$24.6tTotal Revenue: CL$201.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.3x202320242025
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 13.4x which is higher than its 3-year average PE of 9.3x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% 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 Market0.26%
Energy13.26%
Healthcare4.23%
Materials2.32%
Industrials0.81%
Tech0.68%
Financials0.51%
Consumer Discretionary-0.18%
Utilities-0.23%
Consumer Staples-0.42%
Real Estate-1.59%
Telecom-2.10%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 17.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.2% which is higher than its past year's earnings decline of 48.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 27% 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
LTM LATAM Airlines GroupCL$24.323.0%
+CL$422.3b		73.7%PE12.7xIndustrials
CALICHERAA Sociedad de Inversiones Pampa CalicheraCL$830.009.9%
+CL$205.4b		33.8%PE25.2xFinancials
PUCOBRE Sociedad Punta del CobreCL$9.95k11.4%
+CL$126.7b		111.0%PE11.4xMaterials
LIPIGAS Empresas LipigasCL$8.49k13.3%
+CL$113.0b		107.9%PE12.8xEnergy
BCI Banco de Crédito e InversionesCL$55.40k0.9%
+CL$111.5b		96.6%PB1.6xFinancials
See more

Market Insights

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7D
2.2%
1Y
76.6%
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-23.2%
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CL$8,494.80
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7D
13.3%
1Y
107.9%
FALABELLA
CL$6,085.00
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7D
-1.2%
1Y
72.4%

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Analysts have raised their price target on Falabella from CLP 6,000 to CLP 6,870, reflecting a modestly lower discount rate and expectations for slightly higher valuation multiples, despite marginally softer long term growth and margin assumptions. Valuation Changes Fair Value: raised modestly from CLP 6,000 to CLP 6,870, reflecting a slightly higher implied equity valuation.
CMPC
CL$1,415.00
Empresas CMPC
7D
3.1%
1Y
-8.4%

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Analysts have modestly reduced their price target for Empresas CMPC, trimming fair value by approximately CLP 62 to reflect slightly lower long term margin expectations, partly offset by a marginally stronger revenue growth outlook and a small decrease in the assumed discount rate and future P E multiple. What's in the News Board meeting scheduled for November 6, 2025, to review, approve, and release interim consolidated financial statements to regulators and the market (Key Developments) Upcoming Analyst and Investor Day planned by Empresas CMPC, signaling increased engagement and transparency with the financial community (Key Developments) Valuation Changes Fair Value: Trimmed modestly from CLP 1,748.27 to CLP 1,686.12, reflecting a slightly more conservative outlook.
BCI
CL$55,400.00
Banco de Crédito e Inversiones
7D
0.9%
1Y
96.6%

BCI: Cross Border Synergies And Florida Expansion Will Support Steady Outlook

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CHILE
CL$172.00
Banco de Chile
7D
-0.7%
1Y
49.8%

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3.0%
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CL$4,580.50
Quiñenco
7D
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52.0%
BSANTANDER
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Banco Santander-Chile
7D
-1.2%
1Y
44.3%

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NTGCLGAS
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7D
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ENELAM
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7D
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