Reported Earnings • Jun 04
First quarter 2026 earnings released: EPS: US$0.03 (vs US$0.02 in 1Q 2025) First quarter 2026 results: EPS: US$0.03 (up from US$0.02 in 1Q 2025). Revenue: US$1.08b (up 8.6% from 1Q 2025). Net income: US$32.0m (up 51% from 1Q 2025). Profit margin: 3.0% (up from 2.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 27
Upcoming dividend of US$0.027 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Chilean dividend payers (6.5%). Lower than average of industry peers (5.7%). Announcement • Apr 14
Sigdo Koppers S.A., Annual General Meeting, Apr 27, 2026 Sigdo Koppers S.A., Annual General Meeting, Apr 27, 2026. Location: calle el trovador n4253, piso zocalo comuna de las condes, santiago Chile New Risk • Mar 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risk High level of debt (51% net debt to equity). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: US$0.10 (vs US$0.096 in FY 2024) Full year 2025 results: EPS: US$0.10 (up from US$0.096 in FY 2024). Revenue: US$4.12b (up 9.0% from FY 2024). Net income: US$111.1m (up 7.8% from FY 2024). Profit margin: 2.7% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
Third quarter 2025 earnings released: EPS: US$0.033 (vs US$0.017 in 3Q 2024) Third quarter 2025 results: EPS: US$0.033 (up from US$0.017 in 3Q 2024). Revenue: US$1.00b (up 5.5% from 3Q 2024). Net income: US$35.7m (up 92% from 3Q 2024). Profit margin: 3.6% (up from 2.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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 Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks High level of debt (52% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jun 03
First quarter 2025 earnings released: EPS: US$0.02 (vs US$0.019 in 1Q 2024) First quarter 2025 results: EPS: US$0.02 (up from US$0.019 in 1Q 2024). Revenue: US$994.6m (up 5.1% from 1Q 2024). Net income: US$21.2m (up 1.9% from 1Q 2024). Profit margin: 2.1% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • May 30
Upcoming dividend of US$22.81 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 11 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Lower than top quartile of Chilean dividend payers (7.8%). Lower than average of industry peers (6.1%). Upcoming Dividend • Apr 28
Upcoming dividend of US$0.024 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 08 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Chilean dividend payers (7.9%). Lower than average of industry peers (6.1%). New Risk • Mar 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by earnings (103% payout ratio). Large one-off items impacting financial results. New Risk • Mar 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risk Dividend is not well covered by earnings (103% payout ratio). Reported Earnings • Jan 04
Third quarter 2024 earnings released: EPS: US$0.017 (vs US$0.032 in 3Q 2023) Third quarter 2024 results: EPS: US$0.017 (down from US$0.032 in 3Q 2023). Revenue: US$951.4m (down 7.3% from 3Q 2023). Net income: US$18.6m (down 46% from 3Q 2023). Profit margin: 2.0% (down from 3.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: US$0.012 (vs US$0.03 in 2Q 2023) Second quarter 2024 results: EPS: US$0.012 (down from US$0.03 in 2Q 2023). Revenue: US$940.5m (down 4.1% from 2Q 2023). Net income: US$12.4m (down 62% from 2Q 2023). Profit margin: 1.3% (down from 3.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: US$0.019 (vs US$0.044 in 1Q 2023) First quarter 2024 results: EPS: US$0.019 (down from US$0.044 in 1Q 2023). Revenue: US$946.2m (down 2.9% from 1Q 2023). Net income: US$20.8m (down 56% from 1Q 2023). Profit margin: 2.2% (down from 4.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of US$0.019 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 79%. Trailing yield: 7.6%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (16%). Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: US$0.11 (vs US$0.20 in FY 2022) Full year 2023 results: EPS: US$0.11 (down from US$0.20 in FY 2022). Revenue: US$4.01b (up 1.5% from FY 2022). Net income: US$116.0m (down 47% from FY 2022). Profit margin: 2.9% (down from 5.5% in FY 2022). 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 whereas the company’s share price has increased by 11% per year. New Risk • Jan 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 60% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0.032 (vs US$0.045 in 3Q 2022) Third quarter 2023 results: EPS: US$0.032 (down from US$0.045 in 3Q 2022). Revenue: US$1.03b (up 1.5% from 3Q 2022). Net income: US$34.2m (down 29% from 3Q 2022). Profit margin: 3.3% (down from 4.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: US$0.03 (vs US$0.068 in 2Q 2022) Second quarter 2023 results: EPS: US$0.03 (down from US$0.068 in 2Q 2022). Revenue: US$980.3m (down 4.0% from 2Q 2022). Net income: US$32.4m (down 55% from 2Q 2022). Profit margin: 3.3% (down from 7.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.013 per share at 6.6% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (16%). Reported Earnings • Jun 05
First quarter 2023 earnings released: EPS: US$0.044 (vs US$0.045 in 1Q 2022) First quarter 2023 results: EPS: US$0.044 (down from US$0.045 in 1Q 2022). Revenue: US$975.8m (up 12% from 1Q 2022). Net income: US$47.5m (flat on 1Q 2022). Profit margin: 4.9% (down from 5.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.052 per share at 6.9% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 6.9%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (15%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: US$0.20 (vs US$0.15 in FY 2021) Full year 2022 results: EPS: US$0.20 (up from US$0.15 in FY 2021). Revenue: US$3.95b (up 27% from FY 2021). Net income: US$217.4m (up 36% from FY 2021). Profit margin: 5.5% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.011 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 10.0% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (8.4%). Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: US$0.045 (vs US$0.041 in 3Q 2021) Third quarter 2022 results: EPS: US$0.045 (up from US$0.041 in 3Q 2021). Revenue: US$1.01b (up 23% from 3Q 2021). Net income: US$47.9m (up 9.2% from 3Q 2021). Profit margin: 4.7% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Silvio Rostagno Hayes was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (10%). Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: US$0.068 (vs US$0.039 in 2Q 2021) Second quarter 2022 results: EPS: US$0.068 (up from US$0.039 in 2Q 2021). Revenue: US$1.02b (up 33% from 2Q 2021). Net income: US$72.5m (up 74% from 2Q 2021). Profit margin: 7.1% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.013 per share Eligible shareholders must have bought the stock before 17 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (5.5%). Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: US$0.045 (vs US$0.028 in 1Q 2021) First quarter 2022 results: EPS: US$0.045 (up from US$0.028 in 1Q 2021). Revenue: US$875.1m (up 38% from 1Q 2021). Net income: US$47.7m (up 58% from 1Q 2021). Profit margin: 5.5% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 27
Upcoming dividend of US$0.02 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Chilean dividend payers (9.7%). In line with average of industry peers (4.1%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Silvio Rostagno Hayes was the last independent director to join the board, commencing their role in 2018. 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 04
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$3.10b (up 38% from FY 2020). Net income: US$160.3m (up 119% from FY 2020). Profit margin: 5.2% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$3.10b (up 38% from FY 2020). Net income: US$160.3m (up 119% from FY 2020). Profit margin: 5.2% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 09
Upcoming dividend of US$0.031 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 21 December 2021. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Chilean dividend payers (9.3%). In line with average of industry peers (3.6%). Reported Earnings • Dec 06
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: US$0.041 (up from US$0.019 in 3Q 2020). Revenue: US$822.5m (up 43% from 3Q 2020). Net income: US$43.8m (up 119% from 3Q 2020). Profit margin: 5.3% (up from 3.5% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.012 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 21 September 2021. Trailing yield: 3.1%. Lower than top quartile of Chilean dividend payers (7.4%). Higher than average of industry peers (2.3%). Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS US$0.039 (vs US$0.008 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$770.9m (up 63% from 2Q 2020). Net income: US$41.6m (up 378% from 2Q 2020). Profit margin: 5.4% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 16% share price gain to CL$838, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Industrials industry in Chile. Total loss to shareholders of 15% over the past three years. Upcoming Dividend • Apr 26
Upcoming dividend of US$0.022 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 07 May 2021. Trailing yield: 3.4%. Lower than top quartile of Chilean dividend payers (5.9%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 06
Full year 2020 earnings released: EPS US$0.068 (vs US$0.096 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$2.24b (down 4.1% from FY 2019). Net income: US$73.3m (down 29% from FY 2019). Profit margin: 3.3% (down from 4.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 04
New 90-day high: CL$923 The company is up 18% from its price of CL$780 on 03 December 2020. The Chilean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Industrials industry, which is up 25% over the same period. Price Target Changed • Jan 31
Price target lowered to CL$1,100 Down from CL$1,373, the current price target is provided by 1 analyst. The new target price is 26% above the current share price of CL$873. As of last close, the stock is down 12% over the past year. Is New 90 Day High Low • Jan 04
New 90-day high: CL$810 The company is up 1.0% from its price of CL$800 on 06 October 2020. The Chilean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 14% over the same period. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS US$0.019 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: US$573.7m (flat on 3Q 2019). Net income: US$20.1m (down 16% from 3Q 2019). Profit margin: 3.5% (down from 4.2% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 15
New 90-day low: CL$790 The company is down 9.0% from its price of CL$868 on 17 July 2020. The Chilean market is also down 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Industrials industry, which is down 10.0% over the same period.