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Chilean (IPSA) Utilities Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies23
  • 7D-2.5%
  • 3M-2.8%
  • 1Y4.4%
  • YTD-2.3%

Over the last 7 days, the Utilities industry has dropped 2.5%, driven by Enel Américas declining 6.0%. Over the past 12 months, the industry was up 4.4%. 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, 12 Feb 2026CL$33.2tCL$29.8tCL$2.1t13.3x15.6x1.1x
Sat, 10 Jan 2026CL$35.0tCL$30.8tCL$2.3t13.8x15.3x1.1x
Mon, 08 Dec 2025CL$33.5tCL$31.5tCL$2.3t12.9x14.3x1.1x
Wed, 05 Nov 2025CL$32.8tCL$32.3tCL$2.5t12.3x13x1x
Fri, 03 Oct 2025CL$33.4tCL$32.8tCL$2.8t12.1x12x1x
Sun, 31 Aug 2025CL$33.0tCL$32.9tCL$2.8t10.1x11.8x1x
Tue, 29 Jul 2025CL$32.5tCL$33.4tCL$2.9t9.5x11.4x1x
Thu, 26 Jun 2025CL$32.8tCL$32.6tCL$2.8t9.9x11.8x1x
Sat, 24 May 2025CL$34.0tCL$32.7tCL$2.8t9.6x12.2x1x
Mon, 21 Apr 2025CL$31.6tCL$33.2tCL$2.8t10.1x11.4x1x
Wed, 19 Mar 2025CL$31.2tCL$32.3tCL$2.7t8.3x11.6x1x
Fri, 14 Feb 2025CL$31.1tCL$33.9tCL$3.4t8.1x9x0.9x
Sun, 12 Jan 2025CL$29.5tCL$35.0tCL$3.0t8.5x9.8x0.8x
Tue, 10 Dec 2024CL$28.7tCL$34.2tCL$3.0t7.4x9.7x0.8x
Thu, 07 Nov 2024CL$28.5tCL$34.1tCL$3.0t7.8x9.6x0.8x
Sat, 05 Oct 2024CL$27.5tCL$32.8tCL$2.8t7.8x9.8x0.8x
Mon, 02 Sep 2024CL$28.6tCL$32.0tCL$2.8t8.5x10.3x0.9x
Wed, 31 Jul 2024CL$27.9tCL$33.1tCL$2.8t8.3x10.1x0.8x
Fri, 28 Jun 2024CL$27.6tCL$32.0tCL$2.4t9x11.5x0.9x
Sun, 26 May 2024CL$28.5tCL$31.1tCL$2.4t9.1x12.1x0.9x
Tue, 23 Apr 2024CL$28.8tCL$35.1tCL$2.3t8.7x12.7x0.8x
Thu, 21 Mar 2024CL$29.7tCL$35.3tCL$2.3t9.3x12.8x0.8x
Sat, 17 Feb 2024CL$30.1tCL$38.0tCL$3.9t7.9x7.7x0.8x
Mon, 15 Jan 2024CL$29.4tCL$36.7tCL$4.1t8.2x7.3x0.8x
Wed, 13 Dec 2023CL$29.6tCL$36.0tCL$4.0t9.2x7.4x0.8x
Fri, 10 Nov 2023CL$28.7tCL$36.8tCL$4.1t9.8x7.1x0.8x
Sun, 08 Oct 2023CL$28.2tCL$37.7tCL$2.8t9.9x9.9x0.7x
Tue, 05 Sep 2023CL$29.2tCL$36.3tCL$2.8t9.8x10.3x0.8x
Thu, 03 Aug 2023CL$30.8tCL$36.2tCL$3.0t9.2x10.2x0.9x
Sat, 01 Jul 2023CL$29.6tCL$35.2tCL$3.0t9x9.9x0.8x
Mon, 29 May 2023CL$28.7tCL$34.9tCL$3.0t8.1x9.6x0.8x
Wed, 26 Apr 2023CL$27.9tCL$34.4tCL$2.7t10.4x10.2x0.8x
Fri, 24 Mar 2023CL$25.4tCL$34.2tCL$2.7t10.4x9.3x0.7x
Sun, 19 Feb 2023CL$25.1tCL$32.3tCL$374.6b11.3x67x0.8x
Price to Earnings Ratio

67x


Total Market Cap: CL$25.1tTotal Earnings: CL$374.6bTotal Revenue: CL$32.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Utilities Sector Price to Earnings3Y Average 11.7x202420252026
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 15.6x which is higher than its 3-year average PE of 11.7x.
  • 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 78% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% 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-1.80%
Utilities-2.51%
Renewable Energy-0.75%
Gas Utilities-1.08%
Water Utilities-1.86%
Electric Utilities-3.52%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 16.7x.
    • 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 32.8x.
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
ENELGXCH Enel Generación ChileCL$509.931.7%
+CL$68.5b		24.4%PE11.5x
CGE Compañía General de ElectricidadCL$255.000.3%
+CL$1.5b		-27.8%PE29.7x

Latest News

ENELCHILE
CL$74.20
Enel Chile
7D
-2.3%
1Y
15.9%

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$139.34
Colbún
7D
-3.9%
1Y
3.3%

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$1,468.90
Engie Energia Chile
7D
-1.7%
1Y
44.0%

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$1,708.00
Empresas Gasco
7D
-4.5%
1Y
22.4%
MINERA
CL$12,719.00
Minera Valparaiso
7D
-2.0%
1Y
-15.8%
ENELAM
CL$78.01
Enel Américas
7D
-6.0%
1Y
-12.2%

ENELAM: Higher Future P/E Multiple Will Support Further Shareholder Upside

Analysts have lowered their price target on Enel Américas to about $105.44 from $108.42, citing updated assumptions that indicate slightly lower revenue growth and profit margins, along with a higher future P/E multiple. Valuation Changes Fair Value: lowered from CLP 108.42 to CLP 105.44, a small reduction in the intrinsic value estimate.
AGUAS-A
CL$381.00
Aguas Andinas
7D
-2.3%
1Y
13.7%

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$1,084.90
Inversiones Aguas Metropolitanas
7D
-2.2%
1Y
32.6%
ENELGXCH
CL$509.93
Enel Generación Chile
7D
1.7%
1Y
24.4%

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$255.00
Compañía General de Electricidad
7D
0.3%
1Y
-27.8%