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Chilean (IPSA) Utilities Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies23
  • 7D0.5%
  • 3M-2.1%
  • 1Y4.6%
  • YTD-2.6%

The Utilities is pretty flat in the last 7 days, but Empresa Eléctrica Pehuenche has stood out, gaining 7.7%. As for the the longer term, the industry is up 4.6% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026CL$33.1tCL$30.2tCL$2.2t13.6x15.3x1.1x
Thu, 22 Jan 2026CL$34.5tCL$30.3tCL$2.2t13.7x15.7x1.1x
Sat, 20 Dec 2025CL$32.7tCL$31.2tCL$2.3t13.1x14.1x1x
Mon, 17 Nov 2025CL$33.0tCL$31.5tCL$2.4t12.2x13.8x1x
Wed, 15 Oct 2025CL$32.4tCL$32.8tCL$2.8t11.8x11.6x1x
Fri, 12 Sep 2025CL$33.5tCL$32.5tCL$2.8t12.1x12.2x1x
Sun, 10 Aug 2025CL$32.3tCL$33.1tCL$2.8t9.9x11.4x1x
Tue, 08 Jul 2025CL$33.0tCL$32.7tCL$2.8t10x11.8x1x
Thu, 05 Jun 2025CL$33.1tCL$32.6tCL$2.7t10.6x12.1x1x
Sat, 03 May 2025CL$32.6tCL$32.7tCL$2.8t10.2x11.5x1x
Mon, 31 Mar 2025CL$31.4tCL$32.8tCL$2.7t8.5x11.6x1x
Wed, 26 Feb 2025CL$30.9tCL$33.7tCL$3.4t8.2x9x0.9x
Fri, 24 Jan 2025CL$29.8tCL$34.6tCL$3.0t8.7x10x0.9x
Sun, 22 Dec 2024CL$29.0tCL$34.6tCL$3.0t7.6x9.7x0.8x
Tue, 19 Nov 2024CL$28.3tCL$34.4tCL$3.0t7.8x9.5x0.8x
Thu, 17 Oct 2024CL$28.0tCL$33.1tCL$2.8t7.5x9.9x0.8x
Sat, 14 Sep 2024CL$27.9tCL$32.9tCL$2.8t8x9.9x0.8x
Mon, 12 Aug 2024CL$28.1tCL$32.5tCL$2.9t8.5x9.8x0.9x
Wed, 10 Jul 2024CL$28.3tCL$31.5tCL$2.4t9x11.9x0.9x
Fri, 07 Jun 2024CL$28.0tCL$31.2tCL$2.4t8.4x11.6x0.9x
Sun, 05 May 2024CL$28.5tCL$31.9tCL$2.4t8.7x11.9x0.9x
Tue, 02 Apr 2024CL$29.9tCL$35.7tCL$2.3t8.7x13x0.8x
Thu, 29 Feb 2024CL$30.0tCL$38.2tCL$3.9t8.2x7.7x0.8x
Sat, 27 Jan 2024CL$29.3tCL$37.0tCL$4.1t7.8x7.2x0.8x
Mon, 25 Dec 2023CL$29.8tCL$36.3tCL$4.0t8.2x7.4x0.8x
Wed, 22 Nov 2023CL$29.4tCL$35.9tCL$4.0t9.8x7.4x0.8x
Fri, 20 Oct 2023CL$28.6tCL$38.1tCL$2.9t9.9x10x0.8x
Sun, 17 Sep 2023CL$29.2tCL$36.9tCL$2.8t10x10.3x0.8x
Tue, 15 Aug 2023CL$29.8tCL$36.4tCL$2.8t9.6x10.7x0.8x
Thu, 13 Jul 2023CL$30.2tCL$35.4tCL$3.0t8.8x10.1x0.9x
Sat, 10 Jun 2023CL$29.3tCL$34.9tCL$3.0t8.8x9.8x0.8x
Mon, 08 May 2023CL$28.7tCL$34.6tCL$3.0t7.9x9.7x0.8x
Wed, 05 Apr 2023CL$26.8tCL$34.4tCL$2.7t10.4x9.8x0.8x
Fri, 03 Mar 2023CL$25.8tCL$34.9tCL$1.9t10.6x13.9x0.7x
Price to Earnings Ratio

13.9x


Total Market Cap: CL$25.8tTotal Earnings: CL$1.9tTotal Revenue: CL$34.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Utilities Sector Price to Earnings3Y Average 11.1x202420252026
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 15.3x which is higher than its 3-year average PE of 11.1x.
  • The 3-year average PS ratio of 0.90x 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 5.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market-0.06%
Utilities0.50%
Electric Utilities1.16%
Water Utilities0.0043%
Renewable Energy-0.35%
Gas Utilities-1.43%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 15.1x.
    • Analysts are expecting annual earnings growth of 15.9%, 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 33.3x.
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
PEHUENCHE Empresa Eléctrica PehuencheCL$2.90k7.7%
+CL$127.1b		3.5%PE14.5x
ENELCHILE Enel ChileCL$73.451.9%
+CL$93.4b		14.3%PE103.4x
COLBUN ColbúnCL$142.153.2%
+CL$77.2b		3.0%PE15.4x
ENELAM Enel AméricasCL$78.150.2%
+CL$16.1b		-11.1%PE12.7x
AGUAS-A Aguas AndinasCL$370.000.3%
+CL$6.4b		15.3%PE17.4x

Latest News

ENELAM
CL$78.15
Enel Américas
7D
0.2%
1Y
-11.1%

ENELAM: Stable Assumptions And Slightly Lower Future P/E Will Support Upside

Analysts have kept their fair value view for Enel Américas broadly unchanged at CLP 105.44 per share, with only small technical tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions driving a marginally adjusted price target rather than a clear directional shift. Valuation Changes Fair Value: CLP 105.44 per share is unchanged, with no shift in the core valuation output.
IAM
CL$1,062.00
Inversiones Aguas Metropolitanas
7D
-0.6%
1Y
31.1%
AGUAS-A
CL$370.00
Aguas Andinas
7D
0.3%
1Y
15.3%

AGUAS-A: Fair Value View Will Hold As Assumptions Stay Largely Intact

Analysts have kept their CLP 415 price target for Aguas Andinas broadly unchanged, reflecting only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions in their models. Valuation Changes Fair Value: CLP 415 remains unchanged, indicating no adjustment in the central valuation estimate.
ENELCHILE
CL$73.45
Enel Chile
7D
1.9%
1Y
14.3%

ENELCHILE: Slightly Higher Fair Value Will Reflect Cautious Downgrade Risk

Analysts have slightly lifted their fair value estimate for Enel Chile, taking it from about $78.92 to roughly $79.42, as they factor in updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, despite a more cautious stance highlighted by recent research such as the Grupo Santander downgrade. Analyst Commentary Recent research commentary around Enel Chile reflects a more cautious tone, even as fair value estimates are nudged higher.
COLBUN
CL$142.15
Colbún
7D
3.2%
1Y
3.0%

COLBUN: Modest Assumption Shifts Will Support Balanced Forward Return Profile

Analysts now see slightly higher valuation support for Colbún, lifting their price target by about $0.54, as they factor in a small adjustment to discount rates, a more conservative revenue growth view, and a modestly stronger profit margin profile, alongside a stable forward P/E assumption. Valuation Changes Fair Value: Adjusted marginally higher from CLP 158.91 to CLP 159.45 per share, indicating a very small uplift in the modelled valuation range.
ECL
CL$1,449.90
Engie Energia Chile
7D
-2.0%
1Y
44.3%

Heavy Capital Commitments And Regulatory Risks Will Undermine Future Earnings Quality

Catalysts About Engie Energia Chile Engie Energia Chile is an electricity generator in Chile with a portfolio that includes thermal plants, renewable projects and battery energy storage systems. What are the underlying business or industry changes driving this perspective?
MINERA
CL$12,593.00
Minera Valparaiso
7D
-0.9%
1Y
-17.2%
NTGCLGAS
CL$642.52
Naturgy Chile Gas Natural
7D
-1.7%
1Y
54.4%
PEHUENCHE
CL$2,898.40
Empresa Eléctrica Pehuenche
7D
7.7%
1Y
3.5%
ENELGXCH
CL$499.50
Enel Generación Chile
7D
-2.2%
1Y
21.2%

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