Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Chilean (IPSA) Market Analysis & Valuation

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies166
  • 7D0.6%
  • 3M9.4%
  • 1Y42.6%
  • YTD42.0%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 43% over the past year. Earnings are forecast to grow by 3.4% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Chilean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025CL$218.1tCL$216.9tCL$16.1t12.9x13.5x1x
Sat, 22 Nov 2025CL$209.2tCL$219.8tCL$16.5t12x12.7x1x
Mon, 20 Oct 2025CL$199.6tCL$221.5tCL$17.2t11.4x11.6x0.9x
Wed, 17 Sep 2025CL$199.1tCL$219.6tCL$17.5t11x11.4x0.9x
Fri, 15 Aug 2025CL$188.6tCL$221.2tCL$17.6t10.1x10.7x0.9x
Sun, 13 Jul 2025CL$183.2tCL$219.8tCL$17.0t10.1x10.8x0.8x
Tue, 10 Jun 2025CL$183.2tCL$217.1tCL$16.8t10.1x10.9x0.8x
Thu, 08 May 2025CL$180.5tCL$216.6tCL$15.8t10.1x11.4x0.8x
Sat, 05 Apr 2025CL$173.2tCL$218.0tCL$15.2t10.3x11.4x0.8x
Mon, 03 Mar 2025CL$168.0tCL$220.2tCL$14.8t9.9x11.4x0.8x
Wed, 29 Jan 2025CL$159.6tCL$222.4tCL$14.7t9.4x10.9x0.7x
Fri, 27 Dec 2024CL$153.6tCL$222.0tCL$14.8t9.1x10.4x0.7x
Sun, 24 Nov 2024CL$150.9tCL$221.1tCL$15.0t9x10.1x0.7x
Tue, 22 Oct 2024CL$152.4tCL$216.5tCL$13.0t9.5x11.7x0.7x
Thu, 19 Sep 2024CL$147.2tCL$212.5tCL$12.8t9.2x11.5x0.7x
Sat, 17 Aug 2024CL$149.7tCL$213.7tCL$12.4t9.2x12x0.7x
Mon, 15 Jul 2024CL$152.5tCL$209.2tCL$11.7t9.9x13x0.7x
Wed, 12 Jun 2024CL$153.3tCL$211.2tCL$11.3t10.1x13.6x0.7x
Fri, 10 May 2024CL$153.8tCL$212.4tCL$13.6t8.8x11.3x0.7x
Sun, 07 Apr 2024CL$153.1tCL$214.0tCL$12.9t8.9x11.9x0.7x
Tue, 05 Mar 2024CL$149.5tCL$221.5tCL$15.8t8.5x9.5x0.7x
Thu, 01 Feb 2024CL$144.8tCL$218.5tCL$18.9t8.3x7.7x0.7x
Sat, 30 Dec 2023CL$143.7tCL$211.0tCL$18.5t8.3x7.8x0.7x
Mon, 27 Nov 2023CL$137.9tCL$211.8tCL$20.3t8.1x6.8x0.7x
Wed, 25 Oct 2023CL$130.8tCL$215.9tCL$19.6t7.9x6.7x0.6x
Fri, 22 Sep 2023CL$135.0tCL$209.6tCL$19.2t8.3x7x0.6x
Sun, 20 Aug 2023CL$138.1tCL$208.9tCL$21.8t8.1x6.3x0.7x
Tue, 18 Jul 2023CL$136.5tCL$202.5tCL$22.9t7.5x6x0.7x
Thu, 15 Jun 2023CL$130.5tCL$200.7tCL$22.8t7.7x5.7x0.7x
Sat, 13 May 2023CL$131.6tCL$195.5tCL$24.7t7.1x5.3x0.7x
Mon, 10 Apr 2023CL$126.1tCL$198.4tCL$25.2t7.2x5x0.6x
Wed, 08 Mar 2023CL$128.1tCL$195.9tCL$25.3t6.5x5.1x0.7x
Fri, 03 Feb 2023CL$124.2tCL$190.6tCL$23.6t6.4x5.3x0.7x
Sun, 01 Jan 2023CL$124.8tCL$198.4tCL$24.2t6.5x5.2x0.6x
Price to Earnings Ratio

5.2x


Total Market Cap: CL$124.8tTotal Earnings: CL$24.2tTotal Revenue: CL$198.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.4x202320242025
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 13.5x which is higher than its 3-year average PE of 9.4x.
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 3.0% 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 Market0.56%
Telecom2.60%
Materials1.57%
Financials1.27%
Consumer Discretionary1.23%
Real Estate0.55%
Consumer Staples0.089%
Industrials-0.39%
Utilities-0.65%
Healthcare-0.74%
Energy-1.39%
Tech-1.86%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 17.5x.
    • 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 Materials sector, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 26% 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
FALABELLA FalabellaCL$6.15k3.3%
+CL$486.2b		76.5%PE16.5xConsumer Discretionary
BSANTANDER Banco Santander-ChileCL$70.423.3%
+CL$427.8b		49.8%PB2.9xFinancials
BCI Banco de Crédito e InversionesCL$56.50k3.4%
+CL$403.1b		102.1%PB1.7xFinancials
ITAUCL Banco Itaú ChileCL$19.75k10.3%
+CL$400.2b		95.9%PB1xFinancials
CALICHERAA Sociedad de Inversiones Pampa CalicheraCL$1.00k15.6%
+CL$369.7b		61.2%PE30.7xFinancials
See more

Market Insights

Header cover image
Three Sectors Expected to Rally in 2026 📈
With the backdrop of consistently strong broad market returns over the last few years, analysts are now looking at sector-specific plays that could outperform in 2026.
Continue reading
🤖 AI Companies Hit The Bond Market
Last Week

🤖 AI Companies Hit The Bond Market

Latest News

CALICHERAA
CL$1,000.00
Sociedad de Inversiones Pampa Calichera
7D
15.6%
1Y
61.2%
CHILE
CL$173.00
Banco de Chile
7D
1.7%
1Y
53.1%

CHILE: Governance Changes And Profitability Outlook Will Support Balanced Medium Term Performance

Narrative Update on Banco de Chile Analysts have raised their price target on Banco de Chile from 160.00 to 175.00, citing slightly faster projected revenue growth, improved expected profit margins, and a modestly higher discount rate, while keeping future valuation multiples broadly stable. What's in the News Shareholders approved comprehensive amendments to Banco de Chile's bylaws, including maintaining Santiago as the corporate domicile while removing the reference to the specific commune, updating oversight references to the Financial Market Commission, and eliminating a transitional article (shareholders' meeting resolution).
HABITAT
CL$1,524.40
Administradora de Fondos de Pensiones Habitat
7D
-4.7%
1Y
71.0%
PUCOBRE
CL$11,996.00
Sociedad Punta del Cobre
7D
20.6%
1Y
154.4%
PROVIDA
CL$5,333.00
Administradora de Fondos de Pensiones Provida
7D
-9.0%
1Y
76.1%
ITAUCL
CL$19,750.00
Banco Itaú Chile
7D
10.3%
1Y
95.9%
BSANTANDER
CL$70.42
Banco Santander-Chile
7D
3.3%
1Y
49.8%

BSANTANDER: Future Returns Will Reflect Neutral Ratings And Moderating Earnings Dynamics

The Analyst Price Target for Banco Santander Chile has edged higher, reflecting analysts' modest upward revisions to their valuation models as they factor in updated earnings expectations and a tempered outlook for net interest margin recovery. Analyst Commentary Recent Street research signals a more balanced stance on Banco Santander Chile, with upward revisions to price targets offset by cautions about the durability of its earnings and margin trajectory.
COPEC
CL$6,880.00
Empresas Copec
7D
2.1%
1Y
14.9%

COPEC: Higher Discount Rate Will Pressure Margins And Future Earnings

Analysts have trimmed their price target for Empresas Copec slightly to CLP 5,851 from CLP 5,950, citing a higher assumed discount rate and more conservative expectations for profit margins, despite a modestly improved revenue growth outlook. What's in the News Board meeting scheduled for October 30, 2025 to review and consider a general policy for the election of directors in subsidiaries, specifically affecting Arauco as a direct subsidiary under regulatory supervision (company event filing) Upcoming Analyst and Investor Day announced, signaling management’s intention to update the market on strategy, capital allocation, and subsidiary performance (company event filing) Valuation Changes Fair Value Estimate trimmed slightly to CLP 5,851 from CLP 5,950, reflecting a modestly more conservative stance on intrinsic value Discount Rate increased marginally to 15.21 percent from 14.75 percent, implying a higher required return and risk assessment Revenue Growth revised upward to a smaller expected decline of around 0.12 percent from a previous 1.77 percent contraction, indicating a less negative growth outlook Net Profit Margin reduced meaningfully to 1.04 percent from 1.46 percent, signaling more cautious expectations for profitability Future P/E raised significantly to 43.3x from 30.8x, suggesting a higher valuation multiple applied to forecast earnings
CUPRUM
CL$158.12
Administradora de Fondos de Pensiones Cuprum
7D
-14.4%
1Y
187.5%
FALABELLA
CL$6,153.80
Falabella
7D
3.3%
1Y
76.5%

FALABELLA: Shares Will Reflect Lower Risk And Modestly Softer Long-Term Outlook

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.
BCI
CL$56,500.00
Banco de Crédito e Inversiones
7D
3.4%
1Y
102.1%

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

Analysts have raised their price target for Banco de Crédito e Inversiones from CLP 46,000 to CLP 54,000, citing expectations of slightly faster revenue growth, modestly higher profit margins, and a richer future earnings multiple despite a marginally higher discount rate. What's in the News Banco de Crédito e Inversiones hosted an Analyst and Investor Day focused on City National Bank of Florida, highlighting its U.S. growth strategy and integration progress (Key Developments) Management used the event to update investors on profitability trends and capital allocation priorities within the City National Bank of Florida franchise (Key Developments) The Analyst and Investor Day reinforced the bank's narrative around cross border synergies between its Chilean operations and City National Bank of Florida (Key Developments) Valuation Changes The consensus analyst price target has risen significantly from CLP 46,000 to CLP 54,000, reflecting higher expected earnings and valuation multiples.
QUINENCO
CL$4,400.00
Quiñenco
7D
-2.2%
1Y
38.8%
NTGCLGAS
CL$569.46
Naturgy Chile Gas Natural
7D
-2.4%
1Y
36.0%
ENELAM
CL$85.05
Enel Américas
7D
-0.9%
1Y
-3.5%

ENELAM: Share Buyback Program Will Drive Future Shareholder Returns

Analysts have maintained their price target for Enel Américas at $108.59. This reflects continued confidence in the company's stable financial outlook, with only negligible adjustments in growth and profitability projections.
PLANVITAL
CL$289.90
Administradora de Fondos de Pensiones PlanVital
7D
-3.2%
1Y
76.6%
VAPORES
CL$47.02
Compañía Sud Americana de Vapores
7D
-2.0%
1Y
-12.8%