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Chilean (IPSA) Market Analysis & Valuation

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies168
  • 7D3.0%
  • 3M17.5%
  • 1Y50.3%
  • YTD4.9%

The market is up 3.0% over the last week, with the Financials sector leading the way, up 3.0%. Meanwhile, the Communication Services sector has underperformed, shrinking 4.2% in that time. As for the past 12 months, the market is up 50%. As for the next few years, earnings are expected to grow by 4.1% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026CL$232.0tCL$214.2tCL$16.0t13.2x14.5x1.1x
Thu, 11 Dec 2025CL$216.1tCL$218.8tCL$16.2t12.2x13.3x1x
Sat, 08 Nov 2025CL$206.9tCL$219.3tCL$16.9t11.9x12.3x0.9x
Mon, 06 Oct 2025CL$196.2tCL$222.3tCL$17.3t11x11.4x0.9x
Wed, 03 Sep 2025CL$193.8tCL$222.8tCL$17.9t10.4x10.8x0.9x
Fri, 01 Aug 2025CL$180.8tCL$222.0tCL$17.2t9.8x10.5x0.8x
Sun, 29 Jun 2025CL$183.4tCL$217.6tCL$16.8t10.1x10.9x0.8x
Tue, 27 May 2025CL$187.6tCL$217.0tCL$15.9t10.5x11.8x0.9x
Thu, 24 Apr 2025CL$175.8tCL$216.0tCL$15.5t10.4x11.3x0.8x
Sat, 22 Mar 2025CL$169.5tCL$213.3tCL$14.6t10.4x11.6x0.8x
Mon, 17 Feb 2025CL$167.6tCL$216.9tCL$15.1t10.1x11.1x0.8x
Wed, 15 Jan 2025CL$155.2tCL$223.9tCL$14.9t9x10.4x0.7x
Fri, 13 Dec 2024CL$154.4tCL$220.5tCL$14.3t9.6x10.8x0.7x
Sun, 10 Nov 2024CL$151.3tCL$219.8tCL$14.1t8.8x10.7x0.7x
Tue, 08 Oct 2024CL$148.8tCL$213.1tCL$12.7t9.4x11.7x0.7x
Thu, 05 Sep 2024CL$149.7tCL$214.8tCL$12.7t9.1x11.8x0.7x
Sat, 03 Aug 2024CL$150.1tCL$213.9tCL$12.1t9.3x12.4x0.7x
Mon, 01 Jul 2024CL$151.0tCL$213.2tCL$11.8t10x12.8x0.7x
Wed, 29 May 2024CL$155.4tCL$208.0tCL$12.7t9.4x12.2x0.7x
Fri, 26 Apr 2024CL$151.6tCL$215.8tCL$13.0t8.9x11.7x0.7x
Sun, 24 Mar 2024CL$152.9tCL$219.7tCL$13.8t8.7x11.1x0.7x
Tue, 20 Feb 2024CL$149.9tCL$224.1tCL$19.1t8.4x7.8x0.7x
Thu, 18 Jan 2024CL$141.5tCL$217.2tCL$18.9t8x7.5x0.7x
Sat, 16 Dec 2023CL$142.7tCL$210.5tCL$18.4t8.5x7.7x0.7x
Mon, 13 Nov 2023CL$135.9tCL$222.4tCL$22.7t7.8x6x0.6x
Wed, 11 Oct 2023CL$130.6tCL$215.6tCL$19.6t8x6.7x0.6x
Fri, 08 Sep 2023CL$134.0tCL$208.6tCL$20.0t8.3x6.7x0.6x
Sun, 06 Aug 2023CL$140.8tCL$206.5tCL$22.5t7.3x6.2x0.7x
Tue, 04 Jul 2023CL$132.1tCL$200.3tCL$22.8t7.5x5.8x0.7x
Thu, 01 Jun 2023CL$127.7tCL$201.1tCL$22.9t7.6x5.6x0.6x
Sat, 29 Apr 2023CL$130.0tCL$197.8tCL$25.2t7x5.2x0.7x
Mon, 27 Mar 2023CL$124.1tCL$197.7tCL$25.2t6.5x4.9x0.6x
Wed, 22 Feb 2023CL$125.2tCL$193.3tCL$23.7t6.5x5.3x0.6x
Fri, 20 Jan 2023CL$124.0tCL$195.9tCL$24.1t6.2x5.2x0.6x
Price to Earnings Ratio

5.2x


Total Market Cap: CL$124.0tTotal Earnings: CL$24.1tTotal Revenue: CL$195.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.6x202420252026
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 14.5x which is higher than its 3-year average PE of 9.6x.
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 Market2.96%
Materials6.13%
Consumer Staples4.74%
Financials3.00%
Real Estate3.00%
Consumer Discretionary2.59%
Industrials2.53%
Utilities2.14%
Energy0.55%
Tech-1.62%
Healthcare-3.72%
Telecom-4.22%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.9x.
    • 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 43% 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
BCI Banco de Crédito e InversionesCL$62.41k4.6%
+CL$602.3b		126.0%PB1.8xFinancials
CENCOSUD CencosudCL$3.20k6.3%
+CL$523.3b		45.1%PE44.9xConsumer Staples
PUCOBRE Sociedad Punta del CobreCL$17.59k30.8%
+CL$515.9b		273.0%PE20.9xMaterials
CHILE Banco de ChileCL$182.502.8%
+CL$508.1b		60.2%PB3.2xFinancials
FALABELLA FalabellaCL$6.35k2.4%
+CL$376.1b		83.5%PE17xConsumer Discretionary
See more

Market Insights

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Latest News

BCI
CL$62,405.00
Banco de Crédito e Inversiones
7D
4.6%
1Y
126.0%

BCI: Florida Subsidiary Progress Will Support Higher Long Term Share Appeal

Analysts have raised their fair value estimate for Banco de Crédito e Inversiones from CLP 54,000 to CLP 70,000, citing updated assumptions that include slightly lower discount rates, modestly higher projected revenue growth and profit margins, and a higher future P/E multiple. What's in the News Banco de Crédito e Inversiones hosted an Analyst/Investor Day focused on City National Bank of Florida.
LAS CONDES
CL$14,755.00
Clínica Las Condes
7D
-9.7%
1Y
23.1%

Subdued Growth No Barrier To Clínica Las Condes S.A.'s (SNSE:LAS CONDES) Price

Jan 12
Subdued Growth No Barrier To Clínica Las Condes S.A.'s (SNSE:LAS CONDES) Price
CENCOSUD
CL$3,200.00
Cencosud
7D
6.3%
1Y
45.1%

CENCOSUD: Higher Discount Rate Will Likely Sustain Pressure On Rich P E Multiple

Analysts have revised their price target for Cencosud slightly higher, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that together support a modestly richer valuation. Valuation Changes Fair Value: The intrinsic value estimate remains unchanged at CLP 2,332.15.
PUCOBRE
CL$17,588.00
Sociedad Punta del Cobre
7D
30.8%
1Y
273.0%

Returns On Capital Are Showing Encouraging Signs At Sociedad Punta del Cobre (SNSE:PUCOBRE)

Jan 11
Returns On Capital Are Showing Encouraging Signs At Sociedad Punta del Cobre (SNSE:PUCOBRE)
CMPC
CL$1,442.50
Empresas CMPC
7D
-0.5%
1Y
-10.7%

CMPC: Index Removals And Weaker Margins Will Pressure Future Returns

Analysts have adjusted their price target on Empresas CMPC from $1,605.27 to $1,219.93, citing updated assumptions for revenue growth, profit margins, and future P/E expectations. What's in the News Empresas CMPC S.A. was dropped from the S&P Global 1200 index, removing the shares from this global equity benchmark (Key Developments).
CHILE
CL$182.50
Banco de Chile
7D
2.8%
1Y
60.2%

CHILE: Bylaw Revisions And Board Changes Will Limit Future Upside Potential

Analysts have lifted their fair value estimate for Banco de Chile from US$147.46 to US$157.31 as they factor in slightly different assumptions for the discount rate, revenue growth, profit margin and future P/E, which together support a higher overall price target. What's in the News An Extraordinary Shareholders Meeting on November 10, 2025 approved multiple amendments to Banco de Chile's bylaws, including changes to board size, quorum rules, meeting procedures, and references to regulators (Key Developments).
FALABELLA
CL$6,349.90
Falabella
7D
2.4%
1Y
83.5%

FALABELLA: Future Returns Will Reflect Slightly Lower Risk And Stable Margins

Analysts have raised their price target on Falabella to CLP 5,768 from CLP 5,578, citing small adjustments to fair value, the discount rate, revenue growth assumptions, profit margins and a slightly higher future P/E multiple as the main factors behind the recalculation. Valuation Changes Fair Value: Adjusted from CLP 5,578.0 to CLP 5,768.0, reflecting a small upward recalibration in the target level.
QUINENCO
CL$4,612.10
Quiñenco
7D
4.8%
1Y
43.2%

Earnings Working Against Quiñenco SA's (SNSE:QUINENCO) Share Price

Jan 07
Earnings Working Against Quiñenco SA's (SNSE:QUINENCO) Share Price
COPEC
CL$7,435.00
Empresas Copec
7D
3.3%
1Y
19.8%

COPEC: Board Review And Investor Day Will Guide Balanced Future Outlook

Analysts have adjusted their price target for Empresas Copec to CLP$6,981 from CLP$7,293, reflecting updated assumptions that combine a slightly lower discount rate, higher projected revenue growth, a modestly lower profit margin, and a small change in expected future P/E. What's in the News Board meeting scheduled for October 30, 2025, to review the General Policy for the Election of Directors in subsidiaries, with specific reference to Arauco as a direct subsidiary supervised by the Commission (Key Developments).
SONDA
CL$340.00
Sonda
7D
-1.7%
1Y
-0.7%
CUPRUM
CL$167.65
Administradora de Fondos de Pensiones Cuprum
7D
-2.4%
1Y
235.4%
ENTEL
CL$4,605.00
Empresa Nacional de Telecomunicaciones
7D
-7.1%
1Y
57.9%

Does Empresa Nacional de Telecomunicaciones (SNSE:ENTEL) Have A Healthy Balance Sheet?

Dec 13
Does Empresa Nacional de Telecomunicaciones (SNSE:ENTEL) Have A Healthy Balance Sheet?
ABC
CL$11.78
abc
7D
-6.5%
1Y
21.6%

Unpleasant Surprises Could Be In Store For abc S.A.'s (SNSE:ABC) Shares

Dec 10
Unpleasant Surprises Could Be In Store For abc S.A.'s (SNSE:ABC) Shares
BICE
CL$420.00
Bicecorp
7D
11.1%
1Y
61.3%
SMSAAM
CL$141.01
Sociedad Matriz SAAM
7D
-1.4%
1Y
33.4%