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Chilean (IPSA) Utilities Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies23
  • 7D3.3%
  • 3M-1.5%
  • 1Y3.3%
  • YTD-1.8%

Last week, the Utilities industry hasn't moved much but Enel Américas is up 5.8% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 3.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026CL$32.3tCL$32.9tCL$3.0t10.6x10.6x1x
Sat, 28 Feb 2026CL$33.1tCL$30.4tCL$2.2t13.4x15.2x1.1x
Mon, 26 Jan 2026CL$34.6tCL$30.1tCL$2.2t14x15.8x1.1x
Wed, 24 Dec 2025CL$32.9tCL$31.1tCL$2.3t13.3x14.2x1.1x
Fri, 21 Nov 2025CL$32.7tCL$31.6tCL$2.4t12.2x13.7x1x
Sun, 19 Oct 2025CL$32.7tCL$32.7tCL$2.8t11.9x11.8x1x
Tue, 16 Sep 2025CL$33.6tCL$32.5tCL$2.8t12.1x12.2x1x
Thu, 14 Aug 2025CL$32.2tCL$32.8tCL$2.8t10x11.5x1x
Sat, 12 Jul 2025CL$33.1tCL$32.9tCL$2.8t9.7x11.8x1x
Mon, 09 Jun 2025CL$33.0tCL$32.5tCL$2.8t10x11.9x1x
Wed, 07 May 2025CL$32.9tCL$32.5tCL$2.8t10.3x11.6x1x
Fri, 04 Apr 2025CL$31.5tCL$32.8tCL$2.7t8.5x11.7x1x
Sun, 02 Mar 2025CL$31.0tCL$34.0tCL$3.0t8.8x10.5x0.9x
Tue, 28 Jan 2025CL$29.8tCL$34.6tCL$3.0t8.7x10x0.9x
Thu, 26 Dec 2024CL$29.0tCL$34.6tCL$3.0t7.6x9.7x0.8x
Sat, 23 Nov 2024CL$28.6tCL$34.4tCL$3.0t7.8x9.6x0.8x
Mon, 21 Oct 2024CL$28.4tCL$33.3tCL$2.8t7.5x10x0.9x
Wed, 18 Sep 2024CL$27.8tCL$32.9tCL$2.8t7.8x9.9x0.8x
Fri, 16 Aug 2024CL$28.4tCL$32.5tCL$2.9t8.5x9.9x0.9x
Sun, 14 Jul 2024CL$28.4tCL$31.1tCL$2.4t9x12x0.9x
Tue, 11 Jun 2024CL$27.9tCL$31.5tCL$2.4t8.4x11.5x0.9x
Thu, 09 May 2024CL$28.5tCL$31.8tCL$2.4t8.7x11.9x0.9x
Sat, 06 Apr 2024CL$29.6tCL$35.0tCL$2.3t8.7x13x0.8x
Mon, 04 Mar 2024CL$30.1tCL$35.9tCL$2.4t9.1x12.4x0.8x
Wed, 31 Jan 2024CL$29.2tCL$37.3tCL$4.1t7.8x7.2x0.8x
Fri, 29 Dec 2023CL$29.7tCL$36.1tCL$4.0t8.3x7.4x0.8x
Sun, 26 Nov 2023CL$29.6tCL$35.9tCL$4.0t9.8x7.4x0.8x
Tue, 24 Oct 2023CL$28.5tCL$38.0tCL$2.9t9.8x10x0.7x
Thu, 21 Sep 2023CL$29.2tCL$36.8tCL$2.8t10x10.3x0.8x
Sat, 19 Aug 2023CL$29.3tCL$36.8tCL$2.8t9.6x10.5x0.8x
Mon, 17 Jul 2023CL$30.5tCL$35.5tCL$3.0t8.6x10.2x0.9x
Wed, 14 Jun 2023CL$29.3tCL$35.2tCL$3.0t8.8x9.8x0.8x
Fri, 12 May 2023CL$29.1tCL$34.6tCL$2.9t7.9x9.9x0.8x
Sun, 09 Apr 2023CL$26.8tCL$34.5tCL$2.7t10.4x9.8x0.8x
Price to Earnings Ratio

9.8x


Total Market Cap: CL$26.8tTotal Earnings: CL$2.7tTotal Revenue: CL$34.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Utilities Sector Price to Earnings3Y Average 10.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Chilean Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 4.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CL Market3.20%
Utilities3.30%
Electric Utilities4.49%
Water Utilities2.46%
Renewable Energy1.95%
Gas Utilities-1.21%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 15.1x.
    • Analysts are expecting annual earnings growth of 6.8%, which is lower than the prior year's growth of 15.0% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 34.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ENELAM Enel AméricasCL$82.005.8%
+CL$463.4b		-10.7%PE9.6x
ENELCHILE Enel ChileCL$74.895.9%
+CL$289.8b		20.6%PE10.6x
COLBUN ColbúnCL$132.764.3%
+CL$97.0b		-1.7%PE13.6x
ECL Engie Energia ChileCL$1.54k4.4%
+CL$67.6b		53.9%PE8x
MINERA Minera ValparaisoCL$12.67k3.6%
+CL$55.3b		-19.5%PE10.3x

Latest News

AGUAS-A
CL$353.70
Aguas Andinas
7D
1.9%
1Y
2.5%

AGUAS-A: Updated Assumptions Will Support Bullish View On Future Pricing

Analysts have nudged their fair value estimate for Aguas Andinas from CLP 415 to CLP 419, reflecting updated assumptions around revenue growth, profit margins and the stock’s future P/E. Valuation Changes Fair Value: Updated slightly from CLP 415 to CLP 419 per share.
ENELAM
CL$82.00
Enel Américas
7D
5.8%
1Y
-10.7%

ENELAM: Higher Fair Value And Lower Future P/E Will Support Upside

Analysts have raised their CLP price target for Enel Américas from CLP105.44 to CLP114.74, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: CLP105.44 has moved to CLP114.74, indicating a modest upward adjustment in the assessed equity value.
IAM
CL$1,040.00
Inversiones Aguas Metropolitanas
7D
5.6%
1Y
22.5%
CGE
CL$262.92
Compañía General de Electricidad
7D
-2.6%
1Y
-15.3%
ENELCHILE
CL$74.89
Enel Chile
7D
5.9%
1Y
20.6%

ENELCHILE: Undervalued Case Will Hinge On Future P E Multiple

Analysts have trimmed their price target on Enel Chile to CLP 80.5, reflecting a slightly lower assumed future P/E multiple while keeping fair value, discount rate and margin estimates broadly unchanged, following a more cautious sector view highlighted by recent research such as Grupo Santander's downgrade. Analyst Commentary Analysts describe the latest move as a more cautious stance on the sector, with the price target cut driven mainly by a lower assumed P/E multiple rather than major changes to Enel Chile’s own margins or cash flow assumptions.
PEHUENCHE
CL$2,757.50
Empresa Eléctrica Pehuenche
7D
1.3%
1Y
-6.2%
MINERA
CL$12,666.00
Minera Valparaiso
7D
3.6%
1Y
-19.5%
COLBUN
CL$132.76
Colbún
7D
4.3%
1Y
-1.7%

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$1,539.00
Engie Energia Chile
7D
4.4%
1Y
53.9%

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?
GASCO
CL$1,514.00
Empresas Gasco
7D
-0.07%
1Y
6.6%
NTGCLGAS
CL$605.19
Naturgy Chile Gas Natural
7D
-1.4%
1Y
44.5%