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Chilean (IPSA) Utilities Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies23
  • 7D-2.0%
  • 3M1.4%
  • 1Y10.7%
  • YTD0.4%

Over the last 7 days, the Utilities industry has dropped 2.0%, driven by Enel Américas declining 3.6%. Meanwhile, Naturgy Chile Gas Natural actually outperformed within the industry, gaining 5.3% in the last week. Over the past 12 months, the industry was up 11%. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Chilean Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026CL$34.1tCL$29.9tCL$2.1t13.7x15.9x1.1x
Sat, 03 Jan 2026CL$33.9tCL$31.1tCL$2.3t13.4x14.7x1.1x
Mon, 01 Dec 2025CL$33.4tCL$31.6tCL$2.4t12.6x13.9x1.1x
Wed, 29 Oct 2025CL$33.0tCL$32.3tCL$2.7t12x12.1x1x
Fri, 26 Sep 2025CL$34.1tCL$32.8tCL$2.8t12.1x12.3x1x
Sun, 24 Aug 2025CL$32.8tCL$33.0tCL$2.8t10x11.6x1x
Tue, 22 Jul 2025CL$32.7tCL$33.1tCL$2.8t9.5x11.6x1x
Thu, 19 Jun 2025CL$32.9tCL$32.7tCL$2.8t9.8x11.8x1x
Sat, 17 May 2025CL$34.6tCL$32.8tCL$2.8t9.5x12.4x1.1x
Mon, 14 Apr 2025CL$30.8tCL$33.3tCL$2.7t9.4x11.3x0.9x
Wed, 12 Mar 2025CL$30.7tCL$32.6tCL$2.7t8.3x11.3x0.9x
Fri, 07 Feb 2025CL$30.5tCL$34.1tCL$3.5t8.1x8.8x0.9x
Sun, 05 Jan 2025CL$29.2tCL$35.1tCL$3.0t8.3x9.7x0.8x
Tue, 03 Dec 2024CL$29.0tCL$34.3tCL$3.0t7.1x9.7x0.8x
Thu, 31 Oct 2024CL$28.5tCL$33.9tCL$2.9t7.4x9.8x0.8x
Sat, 28 Sep 2024CL$28.0tCL$32.4tCL$2.8t7.8x10x0.9x
Mon, 26 Aug 2024CL$28.3tCL$31.9tCL$2.8t8.5x10.2x0.9x
Wed, 24 Jul 2024CL$28.2tCL$31.8tCL$2.4t9.1x11.8x0.9x
Fri, 21 Jun 2024CL$28.1tCL$31.7tCL$2.4t8.4x11.6x0.9x
Sun, 19 May 2024CL$28.4tCL$30.8tCL$2.3t8.7x12.1x0.9x
Tue, 16 Apr 2024CL$29.4tCL$35.6tCL$2.3t8.7x12.8x0.8x
Thu, 14 Mar 2024CL$29.9tCL$34.9tCL$2.3t10.1x13x0.9x
Sat, 10 Feb 2024CL$29.5tCL$38.1tCL$4.0t7.7x7.4x0.8x
Mon, 08 Jan 2024CL$29.5tCL$36.3tCL$4.0t8x7.3x0.8x
Wed, 06 Dec 2023CL$30.0tCL$36.0tCL$4.0t9.2x7.5x0.8x
Fri, 03 Nov 2023CL$28.0tCL$36.5tCL$3.8t9.8x7.3x0.8x
Sun, 01 Oct 2023CL$29.0tCL$37.0tCL$2.8t10x10.2x0.8x
Tue, 29 Aug 2023CL$29.4tCL$36.2tCL$2.8t9.6x10.4x0.8x
Thu, 27 Jul 2023CL$31.0tCL$35.8tCL$2.9t9.2x10.5x0.9x
Sat, 24 Jun 2023CL$29.5tCL$35.3tCL$3.0t9x9.8x0.8x
Mon, 22 May 2023CL$28.9tCL$34.7tCL$2.9t7.9x9.9x0.8x
Wed, 19 Apr 2023CL$27.9tCL$34.0tCL$2.7t10.4x10.2x0.8x
Fri, 17 Mar 2023CL$25.4tCL$34.5tCL$2.7t10.4x9.3x0.7x
Sun, 12 Feb 2023CL$25.4tCL$32.5tCL$370.4b11.3x68.7x0.8x
Price to Earnings Ratio

68.7x


Total Market Cap: CL$25.4tTotal Earnings: CL$370.4bTotal Revenue: CL$32.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Utilities Sector Price to Earnings3Y Average 11.9x202420252026
Current Industry PE
  • Investors are optimistic on the Chilean Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.9x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 79% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Chilean Utilities sector?

CL Market0.43%
Utilities-2.00%
Gas Utilities4.01%
Water Utilities0.28%
Renewable Energy-2.61%
Electric Utilities-2.69%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings decline of 18.3% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 32.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NTGCLGAS Naturgy Chile Gas NaturalCL$664.495.5%
+CL$72.4b		52.0%PE9.5x
AGUAS-A Aguas AndinasCL$390.000.9%
+CL$21.4b		20.7%PE18.3x
COLBUN ColbúnCL$145.000.7%
+CL$17.7b		7.6%PE15.8x
ENELGXCH Enel Generación ChileCL$501.580.2%
+CL$7.5b		28.6%PE11.2x
CGE Compañía General de ElectricidadCL$254.240.3%
+CL$1.4b		-28.8%PE29.6x

Latest News

NTGCLGAS
CL$664.49
Naturgy Chile Gas Natural
7D
5.5%
1Y
52.0%
ECL
CL$1,495.00
Engie Energia Chile
7D
-6.6%
1Y
49.6%
COLBUN
CL$145.00
Colbún
7D
0.7%
1Y
7.6%
MINERA
CL$12,984.00
Minera Valparaiso
7D
-4.5%
1Y
-10.6%

The Returns On Capital At Minera Valparaiso (SNSE:MINERA) Don't Inspire Confidence

Jan 29
The Returns On Capital At Minera Valparaiso (SNSE:MINERA) Don't Inspire Confidence
AGUAS-A
CL$390.00
Aguas Andinas
7D
0.9%
1Y
20.7%

AGUAS-A: Fair Value View Will Balance Richer Multiple And Softer Fundamentals

Analysts have nudged their price target on Aguas Andinas higher from $401.25 to $415.00, citing updated assumptions that combine a slightly higher discount rate and P/E multiple with more moderate revenue growth and profit margin expectations. Valuation Changes Fair Value Estimate: Raised from CLP 401.25 to CLP 415.00, representing a modest upward adjustment in the target level.
IAM
CL$1,109.70
Inversiones Aguas Metropolitanas
7D
-1.4%
1Y
42.6%
ENELCHILE
CL$75.95
Enel Chile
7D
-0.7%
1Y
23.9%

ENELCHILE: Slightly Lower Discount Rate Will Support Stable Fair Value

Analysts have nudged their price target on Enel Chile modestly higher to reflect a slightly lower discount rate and a small uplift in assumed future P/E, while keeping fair value estimates broadly unchanged. Valuation Changes Fair Value: Fair value remains unchanged at 78.92, indicating no shift in the overall valuation anchor for Enel Chile.
PEHUENCHE
CL$2,695.10
Empresa Eléctrica Pehuenche
7D
-2.3%
1Y
3.7%
ENELAM
CL$83.00
Enel Américas
7D
-2.6%
1Y
-5.4%

ENELAM: Share Repurchase Plan Will Support Future Shareholder Upside

Analysts have trimmed their price target on Enel Américas slightly, to about $108.42 from around $108.59, citing updated assumptions that combine a small change in expected revenue growth with more conservative profit margin and future P/E inputs. What's in the News The Board of Directors authorized a share buyback plan scheduled for the third quarter of 2025, indicating an intention to return cash to shareholders under a defined program (Key Developments).
ENELGXCH
CL$501.58
Enel Generación Chile
7D
0.2%
1Y
28.6%

Why Enel Generación Chile S.A. (SNSE:ENELGXCH) Could Be Worth Watching

Jan 12
Why Enel Generación Chile S.A. (SNSE:ENELGXCH) Could Be Worth Watching
CGE
CL$254.24
Compañía General de Electricidad
7D
0.3%
1Y
-28.8%