Reported Earnings • May 20
First quarter 2026 earnings released: EPS: CL$9.57 (vs CL$8.54 in 1Q 2025) First quarter 2026 results: EPS: CL$9.57 (up from CL$8.54 in 1Q 2025). Revenue: CL$190.9b (up 42% from 1Q 2025). Net income: CL$5.73b (up 12% from 1Q 2025). Profit margin: 3.0% (down from 3.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 03
Dividend increased to CL$12.69 Dividend of CL$12.69 is 1.0% higher than last year. Ex-date: 20th May 2026 Payment date: 26th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 02
Echeverría Izquierdo S.A. announces Annual dividend, payable on May 26, 2026 Echeverría Izquierdo S.A. announced Annual dividend of CLP 12.6941 per share payable on May 26, 2026, ex-date on May 20, 2026 and record date on May 19, 2026. Announcement • Apr 10
Echeverría Izquierdo S.A., Annual General Meeting, Apr 28, 2026 Echeverría Izquierdo S.A., Annual General Meeting, Apr 28, 2026. Location: rosario norte no 532, 8th floor las condes, santiago Chile Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: CL$42.31 (vs CL$41.91 in FY 2024) Full year 2025 results: EPS: CL$42.31 (up from CL$41.91 in FY 2024). Revenue: CL$622.5b (up 16% from FY 2024). Net income: CL$25.3b (flat on FY 2024). Profit margin: 4.1% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 24
Third quarter 2025 earnings released: EPS: CL$10.53 (vs CL$13.93 in 3Q 2024) Third quarter 2025 results: EPS: CL$10.53 (down from CL$13.93 in 3Q 2024). Revenue: CL$156.9b (up 26% from 3Q 2024). Net income: CL$6.31b (down 24% from 3Q 2024). Profit margin: 4.0% (down from 6.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CL$452, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 13x in the Construction industry in Chile. Total returns to shareholders of 695% over the past three years. New Risk • Sep 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (4.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CL$364, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Construction industry in Chile. Total returns to shareholders of 396% over the past three years. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.6% average weekly change). Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CL$7.81 (vs CL$5.09 in 2Q 2024) Second quarter 2025 results: EPS: CL$7.81 (up from CL$5.09 in 2Q 2024). Revenue: CL$139.2b (up 2.2% from 2Q 2024). Net income: CL$4.67b (up 53% from 2Q 2024). Profit margin: 3.4% (up from 2.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
First quarter 2025 earnings released: EPS: CL$8.54 (vs CL$4.31 in 1Q 2024) First quarter 2025 results: EPS: CL$8.54 (up from CL$4.31 in 1Q 2024). Revenue: CL$134.1b (up 16% from 1Q 2024). Net income: CL$5.12b (up 98% from 1Q 2024). Profit margin: 3.8% (up from 2.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 02
Final dividend increased to CL$12.57 Dividend of CL$12.57 is 41% higher than last year. Ex-date: 19th May 2025 Payment date: 23rd May 2025 Dividend yield will be 6.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 08
Echeverría Izquierdo S.A., Annual General Meeting, Apr 24, 2025 Echeverría Izquierdo S.A., Annual General Meeting, Apr 24, 2025. Location: rosario norte n 532 piso 8, comuna de las condes, santiago Chile Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CL$280, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Construction industry in South America. Total returns to shareholders of 246% over the past three years. New Risk • Mar 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 4.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (4.2% average weekly change). Minor Risks High level of debt (102% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 10
Full year 2024 earnings released: EPS: CL$41.91 (vs CL$29.63 in FY 2023) Full year 2024 results: EPS: CL$41.91 (up from CL$29.63 in FY 2023). Revenue: CL$538.8b (down 5.3% from FY 2023). Net income: CL$25.1b (up 42% from FY 2023). Profit margin: 4.7% (up from 3.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year. New Risk • Feb 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.2% average weekly change). Reported Earnings • Nov 21
Third quarter 2024 earnings released: EPS: CL$19.02 (vs CL$6.28 in 3Q 2023) Third quarter 2024 results: EPS: CL$19.02 (up from CL$6.28 in 3Q 2023). Revenue: CL$124.5b (down 5.2% from 3Q 2023). Net income: CL$8.35b (up 122% from 3Q 2023). Profit margin: 6.7% (up from 2.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CL$92.9b (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (CL$92.9b market cap, or US$98.9m). New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CL$94.9b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (CL$94.9b market cap, or US$99.8m). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CL$5.09 (vs CL$7.00 in 2Q 2023) Second quarter 2024 results: EPS: CL$5.09 (down from CL$7.00 in 2Q 2023). Revenue: CL$136.2b (down 8.4% from 2Q 2023). Net income: CL$3.05b (down 27% from 2Q 2023). Profit margin: 2.2% (down from 2.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • May 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: CL$4.31 (vs CL$8.12 in 1Q 2023) First quarter 2024 results: EPS: CL$4.31 (down from CL$8.12 in 1Q 2023). Revenue: CL$115.9b (down 24% from 1Q 2023). Net income: CL$2.58b (down 47% from 1Q 2023). Profit margin: 2.2% (down from 3.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 10
Upcoming dividend of CL$8.89 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Trailing yield: 3.0%. Lower than top quartile of Chilean dividend payers (10%). Lower than average of industry peers (3.7%). New Risk • Mar 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CL$29.63 (vs CL$18.94 in FY 2022) Full year 2023 results: EPS: CL$29.63 (up from CL$18.94 in FY 2022). Revenue: CL$568.8b (up 4.8% from FY 2022). Net income: CL$17.8b (up 56% from FY 2022). Profit margin: 3.1% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CL$7.00 (vs CL$4.51 in 2Q 2022) Second quarter 2023 results: EPS: CL$7.00 (up from CL$4.51 in 2Q 2022). Revenue: CL$148.6b (up 26% from 2Q 2022). Net income: CL$4.20b (up 55% from 2Q 2022). Profit margin: 2.8% (up from 2.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 3.8% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CL$139, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 6x in the Construction industry in South America. Total loss to shareholders of 28% over the past three years. Upcoming Dividend • May 12
Upcoming dividend of CL$5.68 per share at 5.3% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 24 May 2023. Trailing yield: 5.3%. Lower than top quartile of Chilean dividend payers (13%). In line with average of industry peers (5.6%). Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: CL$18.94 (vs CL$13.77 in FY 2021) Full year 2022 results: EPS: CL$18.94 (up from CL$13.77 in FY 2021). Revenue: CL$542.9b (up 26% from FY 2021). Net income: CL$11.4b (up 38% from FY 2021). Profit margin: 2.1% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CL$81.61, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 5x in the Construction industry in Chile. Total loss to shareholders of 64% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: CL$7.57 (vs CL$2.32 in 3Q 2021) Third quarter 2022 results: EPS: CL$7.57 (up from CL$2.32 in 3Q 2021). Revenue: CL$140.3b (up 34% from 3Q 2021). Net income: CL$1.83b (up 32% from 3Q 2021). Profit margin: 1.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Andrea Repetto Lisboa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 19% share price gain to CL$90.96, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 5x in the Construction industry in Chile. Total loss to shareholders of 62% over the past three years. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CL$4.51 (vs CL$2.69 in 2Q 2021) Second quarter 2022 results: EPS: CL$4.51 (up from CL$2.69 in 2Q 2021). Revenue: CL$118.0b (up 17% from 2Q 2021). Net income: CL$2.71b (up 68% from 2Q 2021). Profit margin: 2.3% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 05
Upcoming dividend of CL$6.89 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 17 May 2022. Trailing yield: 6.8%. Lower than top quartile of Chilean dividend payers (10%). Higher than average of industry peers (5.5%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Andrea Repetto Lisboa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CL$13.77 (up from CL$9.91 in FY 2020). Revenue: CL$432.4b (up 36% from FY 2020). Net income: CL$8.25b (up 39% from FY 2020). Profit margin: 1.9% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS CL$2.32 (vs CL$1.84 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CL$105.1b (up 42% from 3Q 2020). Net income: CL$1.39b (up 26% from 3Q 2020). Profit margin: 1.3% (down from 1.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 22% per year. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 23% share price gain to CL$110, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Construction industry in Chile. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CL$99.43, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 8x in the Construction industry in Chile. Total loss to shareholders of 56% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CL$2.69 (vs CL$1.64 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CL$100.5b (up 67% from 2Q 2020). Net income: CL$1.61b (up 63% from 2Q 2020). Profit margin: 1.6% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 17% share price gain to CL$140, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 10x in the Construction industry in Chile. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CL$127, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Construction industry in Chile. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CL$201, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 20x in the Construction industry in Chile. Total loss to shareholders of 28% over the past three years. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS CL$9.91 (vs CL$21.77 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CL$318.5b (up 3.0% from FY 2019). Net income: CL$5.95b (down 55% from FY 2019). Profit margin: 1.9% (down from 4.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day high: CL$207 The company is up 6.0% from its price of CL$196 on 19 November 2020. The Chilean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CL$192 The company is down 20% from its price of CL$239 on 16 September 2020. The Chilean market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 12% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: CL$213 The company is down 20% from its price of CL$265 on 14 August 2020. The Chilean market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 14% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: CL$230 The company is down 8.0% from its price of CL$250 on 24 July 2020. The Chilean market is also down 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Construction industry, which is down 10.0% over the same period.