Banco de Chile
Market Cap
CL$6.4t
Last Updated
2020/10/28 18:26 UTC
Data Sources
Company Financials +
Executive Summary
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Banco de Chile's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHILE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
CHILE
3.0%
CL Banks
0.6%
CL Market
1 Year Return
-33.5%
CHILE
-33.3%
CL Banks
-23.9%
CL Market
Return vs Industry: CHILE underperformed the CL Banks industry which returned -32.6% over the past year.
Return vs Market: CHILE underperformed the CL Market which returned -23.7% over the past year.
Shareholder returns
| CHILE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 3.0% | 0.6% |
| 30 Day | 5.8% | 4.2% | 1.2% |
| 90 Day | -9.9% | -7.8% | -7.5% |
| 1 Year | -30.0%-33.5% | -30.5%-33.3% | -20.7%-23.9% |
| 3 Year | -25.3%-33.5% | -20.7%-29.0% | -27.8%-35.1% |
| 5 Year | 14.4%-6.1% | 30.5%7.2% | 2.3%-20.6% |
Price Volatility Vs. Market
How volatile is Banco de Chile's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Key Things To Consider Before Buying Banco de Chile (SNSE:CHILE) For Its Dividend1 month ago | Simply Wall St
What Type Of Shareholders Make Up Banco de Chile's (SNSE:CHILE) Share Registry?3 months ago | Simply Wall St
Banco de Chile (SNSE:CHILE) Share Prices Have Dropped 27% In The Last YearValuation
Is Banco de Chile undervalued compared to its fair value and its price relative to the market?
11.71x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CHILE (CLP63.1) is trading above our estimate of fair value (CLP29.33)
Significantly Below Fair Value: CHILE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CHILE is good value based on its PE Ratio (11.6x) compared to the CL Banks industry average (12x).
PE vs Market: CHILE is good value based on its PE Ratio (11.6x) compared to the CL market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: CHILE is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CHILE is overvalued based on its PB Ratio (1.8x) compared to the CL Banks industry average (1.2x).
Next Steps
Future Growth
How is Banco de Chile forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
14.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHILE's forecast earnings growth (14.8% per year) is above the savings rate (8.2%).
Earnings vs Market: CHILE's earnings (14.8% per year) are forecast to grow slower than the CL market (30.5% per year).
High Growth Earnings: CHILE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CHILE's revenue (9.1% per year) is forecast to grow faster than the CL market (6.6% per year).
High Growth Revenue: CHILE's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHILE's Return on Equity is forecast to be low in 3 years time (17.4%).
Next Steps
Past Performance
How has Banco de Chile performed over the past 5 years?
1.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHILE has a high level of non-cash earnings.
Growing Profit Margin: CHILE's current net profit margins (34.4%) are lower than last year (35.6%).
Past Earnings Growth Analysis
Earnings Trend: CHILE's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: CHILE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CHILE had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Banks industry average (-11.3%).
Return on Equity
High ROE: CHILE's Return on Equity (15.3%) is considered low.
Next Steps
Financial Health
How is Banco de Chile's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CHILE's Assets to Equity ratio (12.9x) is moderate.
Allowance for Bad Loans: CHILE has a low allowance for bad loans (54%).
Low Risk Liabilities: 54% of CHILE's liabilities are made up of primarily low risk sources of funding.
Loan Level: CHILE has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: CHILE's Loans to Deposits ratio (133%) is high.
Level of Bad Loans: CHILE has a high level of bad loans (4%).
Next Steps
Dividend
What is Banco de Chile current dividend yield, its reliability and sustainability?
5.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CHILE's dividend (5.5%) is higher than the bottom 25% of dividend payers in the CL market (2.44%).
High Dividend: CHILE's dividend (5.5%) is low compared to the top 25% of dividend payers in the CL market (6.06%).
Stability and Growth of Payments
Stable Dividend: CHILE's dividends per share have been stable in the past 10 years.
Growing Dividend: CHILE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64%), CHILE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHILE's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Eduardo Ebensperger Orrego (55 yo)
4.42yrs
Tenure
Mr. Eduardo Ebensperger Orrego serves as Chief Executive Officer of Banco de Chile since May 1, 2016 and served as its General Manager of Commercial Division since December 30, 2015. Mr. Ebensperger Orrego ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | 13.58yrs | CL$1.02b | no data | |
| Director | 1.17yrs | CL$54.00m | no data | |
| Chief Executive Officer | 4.42yrs | no data | no data | |
| Chief Financial Officer | 6.33yrs | no data | no data | |
| Operations & Technology Division Manager | 2.17yrs | no data | no data | |
| General Manager of Accounting | no data | no data | no data | |
| Head of Investor Relations | 10.75yrs | no data | no data | |
| Manager of Global Compliance Division | 12.75yrs | no data | no data | |
| General Counsel & Secretary of the Board of Directors | 0.83yr | no data | no data | |
| Manager of Marketing & Digital Banking Division | 1yr | no data | no data | |
| Manager of People & Organisation Division | 8.42yrs | no data | no data | |
| Chief Economist & Senior VP of Institutional Relations | no data | no data | no data |
5.4yrs
Average Tenure
54yo
Average Age
Experienced Management: CHILE's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | 13.58yrs | CL$1.02b | no data | |
| Director | 1.17yrs | CL$54.00m | no data | |
| Director | 19.58yrs | CL$162.00m | no data | |
| Vice Chairman of the Board | 18.58yrs | CL$189.00m | no data | |
| Director | 7.5yrs | CL$76.00m | no data | |
| Director | 3.58yrs | CL$154.00m | no data | |
| Independent Director | 13.58yrs | CL$218.00m | no data | |
| Director | 0.083yr | no data | no data | |
| Director | 5.5yrs | no data | no data | |
| Independent Director | 3.58yrs | CL$174.00m | no data | |
| Vice President of the Board | 0.58yr | no data | no data | |
| Second Alternate Director | 1.33yrs | CL$59.00m | no data |
4.5yrs
Average Tenure
58yo
Average Age
Experienced Board: CHILE's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Banco de Chile's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Banco de Chile
- Ticker: CHILE
- Exchange: SNSE
- Founded: 1855
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: CL$6.419t
- Shares outstanding: 101.02b
- Website: https://ww3.bancochile.cl
Number of Employees
Location
- Banco de Chile
- Ahumada 251
- Santiago
- Region Metropolitana (Santiago)
- Chile
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CHILE | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | CLP | Jan 1998 |
| BCH | NYSE (New York Stock Exchange) | SPONSORED ADS | US | USD | Jan 2002 | |
| G4RA | DB (Deutsche Boerse AG) | SPONSORED ADS | DE | EUR | Jan 2002 |
Biography
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury, and Subs ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/28 18:26 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.