Board Change • May 02
Insufficient new directors 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. 3 highly experienced directors. Director Rafael Osorio Peña was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 07
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CL$1.54t to CL$1.55t. EPS estimate increased from CL$22.78 to CL$27.85 per share. Net income forecast to grow 42% next year vs 23% growth forecast for IT industry in Chile. Consensus price target down from CL$376 to CL$363. Share price was steady at CL$300 over the past week. Announcement • Apr 02
Sonda S.A., Annual General Meeting, Apr 15, 2026 Sonda S.A., Annual General Meeting, Apr 15, 2026. Location: meeting room, 1st floor of the institutional building, teatinos 500, santiago Chile New Risk • Feb 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x 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 (1.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Major Estimate Revision • Dec 26
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CL$26.16 to CL$23.36 per share. Revenue forecast steady at CL$1.60t. Net income forecast to grow 64% next year vs 21% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$388. Share price was steady at CL$352 over the past week. Announcement • Dec 17
Banco Itaú Chile (SNSE:ITAUCL) entered intro an agreement to acquire Multicaja S.A. from Sonda S.A. (SNSE:SONDA), Etcheberry Asesoría y Negocios SpA, Inversiones Inder Spa and Javier Etcheberry Celhay for CLP 40 billion. Banco Itaú Chile (SNSE:ITAUCL) entered intro a Share Purchase Agreement to acquire Multicaja S.A. from Sonda S.A. (SNSE:SONDA), Etcheberry Asesoría y Negocios SpA, Inversiones Inder Spa and Javier Etcheberry Celhay for CLP 40 billion on December 16, 2025. The purchase price is subject to customary adjustments.
Closing is subject to customary closing conditions, as well as to the approvals of the Comisión para el Mercado Financiero (CMF) and the merger control review process before Fiscalía Nacional Económica (FNE). Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CL$2.65 (down from CL$9.36 in 3Q 2024). Revenue: CL$380.8b (up 8.7% from 3Q 2024). Net income: CL$2.31b (down 72% from 3Q 2024). Profit margin: 0.6% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Jul 28
Price target decreased by 8.8% to CL$391 Down from CL$428, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CL$337. Stock is down 13% over the past year. The company is forecast to post earnings per share of CL$31.39 for next year compared to CL$36.62 last year. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CL$1.72t to CL$1.65t. EPS estimate also fell from CL$56.57 per share to CL$46.43 per share. Net income forecast to grow 27% next year vs 21% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$428. Share price fell 3.1% to CL$397 over the past week. Announcement • Apr 21
Sonda S.A., Annual General Meeting, Apr 23, 2025 Sonda S.A., Annual General Meeting, Apr 23, 2025. Location: la sala de reuniones, edificio corporativo, piso 1 teatinos 500, santiago Chile Buy Or Sell Opportunity • Feb 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to CL$409. The fair value is estimated to be CL$338, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Major Estimate Revision • Feb 11
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CL$1.74t to CL$1.72t. EPS estimate rose from CL$50.77 to CL$56.57. Net income forecast to grow 43% next year vs 23% growth forecast for IT industry in Chile. Consensus price target up from CL$376 to CL$438. Share price rose 7.3% to CL$413 over the past week. Price Target Changed • Feb 05
Price target increased by 9.5% to CL$425 Up from CL$388, the current price target is an average from 4 analysts. New target price is 6.3% above last closing price of CL$400. Stock is up 10% over the past year. The company is forecast to post earnings per share of CL$32.66 for next year compared to CL$43.80 last year. Reported Earnings • Oct 27
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CL$9.36 (up from CL$6.83 in 3Q 2023). Revenue: CL$350.2b (up 12% from 3Q 2023). Net income: CL$8.15b (up 37% from 3Q 2023). Profit margin: 2.3% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Major Estimate Revision • Oct 04
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CL$25.22 to CL$28.60. Revenue forecast steady at CL$1.56t. Net income forecast to grow 15% next year vs 24% growth forecast for IT industry in Chile. Consensus price target down from CL$420 to CL$388. Share price was steady at CL$347 over the past week. Price Target Changed • Oct 03
Price target decreased by 12% to CL$388 Down from CL$442, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CL$344. Stock is down 13% over the past year. The company is forecast to post earnings per share of CL$28.60 for next year compared to CL$43.80 last year. Upcoming Dividend • Aug 30
Upcoming dividend of CL$2.36 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 11 September 2024. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 5.6%. Lower than top quartile of Chilean dividend payers (9.3%). Higher than average of industry peers (1.9%). Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 33%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CL$1.51t to CL$1.59t. EPS estimate fell from CL$37.43 to CL$25.22 per share. Net income forecast to grow 8.7% next year vs 23% growth forecast for IT industry in Chile. Consensus price target down from CL$442 to CL$427. Share price was steady at CL$397 over the past week. New Risk • Aug 19
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 3.4% 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 Dividend is not well covered by cash flows (139% cash payout ratio). Share price has been volatile over the past 3 months (3.4% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Jul 29
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CL$2.83 (down from CL$4.33 in 2Q 2023). Revenue: CL$367.5b (up 30% from 2Q 2023). Net income: CL$2.47b (down 35% from 2Q 2023). Profit margin: 0.7% (down from 1.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Major Estimate Revision • May 05
Consensus EPS estimates fall by 32%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CL$1.39t to CL$1.51t. EPS estimate fell from CL$54.99 to CL$37.43 per share. Net income forecast to grow 16% next year vs 23% growth forecast for IT industry in Chile. Consensus price target up from CL$440 to CL$450. Share price rose 4.9% to CL$443 over the past week. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CL$50.30 (vs CL$14.49 in 1Q 2023) First quarter 2024 results: EPS: CL$50.30. Revenue: CL$359.5b (up 28% from 1Q 2023). Net income: CL$4.38b (down 65% from 1Q 2023). Profit margin: 1.2% (down from 4.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global IT industry. Price Target Changed • Feb 27
Price target decreased by 8.8% to CL$452 Down from CL$496, the current price target is an average from 5 analysts. New target price is 14% above last closing price of CL$398. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of CL$79.54 for next year compared to CL$43.80 last year. New Risk • Jan 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (201% cash payout ratio). Reported Earnings • Jan 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CL$43.80 (up from CL$40.76 in FY 2022). Revenue: CL$1.30t (up 22% from FY 2022). Net income: CL$38.2b (up 7.5% from FY 2022). Profit margin: 2.9% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 19
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CL$48.03 to CL$37.16 per share. Revenue forecast steady at CL$1.21t. Net income forecast to grow 22% next year vs 19% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$496. Share price was steady at CL$374 over the past week. Reported Earnings • Oct 28
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CL$6.83 (down from CL$11.09 in 3Q 2022). Revenue: CL$313.0b (up 15% from 3Q 2022). Net income: CL$5.95b (down 39% from 3Q 2022). Profit margin: 1.9% (down from 3.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CL$51.73 to CL$41.75 per share. Revenue forecast steady at CL$1.21t. Net income forecast to grow 14% next year vs 19% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$501. Share price was steady at CL$425 over the past week. Reported Earnings • Jul 31
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CL$4.33 (down from CL$12.45 in 2Q 2022). Revenue: CL$283.3b (up 14% from 2Q 2022). Net income: CL$3.77b (down 65% from 2Q 2022). Profit margin: 1.3% (down from 4.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 17
Price target increased by 11% to CL$497 Up from CL$449, the current price target is an average from 6 analysts. New target price is 24% above last closing price of CL$401. Stock is up 44% over the past year. The company is forecast to post earnings per share of CL$51.72 for next year compared to CL$40.76 last year. Major Estimate Revision • May 10
Consensus revenue estimates increase by 18%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CL$1.05t to CL$1.24t. EPS estimate fell from CL$58.08 to CL$46.37. Net income forecast to shrink 12% next year vs 17% growth forecast for IT industry in Chile . Consensus price target of CL$449 unchanged from last update. Share price was steady at CL$402 over the past week. Reported Earnings • May 05
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: CL$14.49 (up from CL$1.69 in 1Q 2022). Revenue: CL$281.9b (up 20% from 1Q 2022). Net income: CL$12.6b (up CL$11.1b from 1Q 2022). Profit margin: 4.5% (up from 0.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Global IT industry. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 14
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CL$1.12t to CL$1.10t. EPS estimate rose from CL$54.71 to CL$66.83. Net income forecast to grow 64% next year vs 19% growth forecast for IT industry in Chile. Consensus price target up from CL$435 to CL$449. Share price was steady at CL$408 over the past week. Reported Earnings • Jan 30
Full year 2022 earnings released: EPS: CL$40.76 (vs CL$40.03 in FY 2021) Full year 2022 results: EPS: CL$40.76 (up from CL$40.03 in FY 2021). Revenue: CL$1.07t (up 19% from FY 2021). Net income: CL$35.5b (up 1.8% from FY 2021). Profit margin: 3.3% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the IT industry in South America. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 12
Price target increased to CL$421 Up from CL$391, the current price target is an average from 5 analysts. New target price is 13% above last closing price of CL$372. Stock is up 28% over the past year. The company is forecast to post earnings per share of CL$38.30 for next year compared to CL$40.03 last year. Announcement • Nov 18
Sonda S.A. (SNSE:SONDA) signed the contract to acquire remaining 19.6% stake in Ativas Data Center S.A. from CEMIG Telecomunicações S.A. - CEMIG Telecom for BRL 60.02 million. Sonda S.A. (SNSE:SONDA) signed the contract to acquire remaining 19.6% stake in Ativas Data Center S.A. from CEMIG Telecomunicações S.A. - CEMIG Telecom for BRL 60.02 million on November 16, 2022. he payment will be through the reduction of debt between Cemig and Sonda, accounting for a BRL 57.58 million loan and BRL 2.44 million in compensation. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Alberto Eguiguren Correa was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Major Estimate Revision • Nov 09
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CL$995.1b to CL$1.08t. EPS estimate increased from CL$33.23 to CL$38.16 per share. Net income forecast to grow 38% next year vs 20% growth forecast for IT industry in Chile. Consensus price target down from CL$402 to CL$392. Share price was steady at CL$332 over the past week. Major Estimate Revision • Nov 05
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CL$1.03t to CL$1.08t. EPS estimate increased from CL$29.07 to CL$34.72 per share. Net income forecast to grow 30% next year vs 20% growth forecast for IT industry in Chile. Consensus price target of CL$388 unchanged from last update. Share price was steady at CL$329 over the past week. Reported Earnings • Oct 31
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CL$11.09 (up from CL$10.56 in 3Q 2021). Revenue: CL$271.4b (up 26% from 3Q 2021). Net income: CL$9.66b (up 5.0% from 3Q 2021). Profit margin: 3.6% (down from 4.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in South America. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 30
Upcoming dividend of CL$7.07 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 09 September 2022. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 8.5%. Lower than top quartile of Chilean dividend payers (14%). Higher than average of industry peers (3.4%). Major Estimate Revision • Aug 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CL$982.5b to CL$994.9b. EPS estimate fell from CL$28.95 to CL$20.01 per share. Net income forecast to grow 14% next year vs 20% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$385. Share price rose 7.3% to CL$330 over the past week. Reported Earnings • Jul 31
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CL$12.45 (up from CL$10.39 in 2Q 2021). Revenue: CL$248.8b (up 19% from 2Q 2021). Net income: CL$10.8b (up 20% from 2Q 2021). Profit margin: 4.4% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 66%. Over the next year, revenue is forecast to grow 4.6%, compared to a 7.2% growth forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CL$963.8b to CL$977.6b. EPS estimate fell from CL$37.14 to CL$33.14 per share. Net income forecast to grow 21% next year vs 20% growth forecast for IT industry in Chile. Consensus price target down from CL$393 to CL$383. Share price was steady at CL$270 over the past week. Major Estimate Revision • Jun 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CL$871.3b to CL$963.8b. EPS estimate fell from CL$39.26 to CL$37.14. Net income forecast to grow 27% next year vs 21% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$393. Share price fell 6.5% to CL$289 over the past week. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CL$1.69 (down from CL$10.14 in 1Q 2021). Revenue: CL$235.5b (up 16% from 1Q 2021). Net income: CL$1.47b (down 83% from 1Q 2021). Profit margin: 0.6% (down from 4.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 4.5%, compared to a 14% growth forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Alberto Eguiguren Correa was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 02
Sonda S.A. to Report Q1, 2022 Results on Apr 29, 2022 Sonda S.A. announced that they will report Q1, 2022 results Pre-Market on Apr 29, 2022 Buying Opportunity • Mar 23
Now 22% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be CL$435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.5% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to CL$348, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 23x in the IT industry globally. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CL$437 per share. Buying Opportunity • Feb 03
Now 22% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be CL$435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.5% per annum over the last 3 years. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CL$897.2b (up 15% from FY 2020). Net income: CL$34.9b (up CL$34.4b from FY 2020). Profit margin: 3.9% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 2.6%, compared to a 17% growth forecast for the industry in Chile. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jan 18
Price target decreased to CL$380 Down from CL$429, the current price target is an average from 6 analysts. New target price is 27% above last closing price of CL$300. Stock is down 33% over the past year. The company is forecast to post earnings per share of CL$36.83 for next year compared to CL$0.53 last year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to CL$288, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 24x in the IT industry globally. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CL$364 per share. Price Target Changed • Dec 01
Price target decreased to CL$481 Down from CL$518, the current price target is an average from 4 analysts. New target price is 84% above last closing price of CL$262. Stock is down 47% over the past year. The company is forecast to post earnings per share of CL$34.82 for next year compared to CL$0.53 last year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CL$267, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 25x in the IT industry globally. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CL$252 per share. Price Target Changed • Nov 05
Price target decreased to CL$484 Down from CL$524, the current price target is an average from 4 analysts. New target price is 55% above last closing price of CL$313. Stock is down 34% over the past year. The company is forecast to post earnings per share of CL$32.98 for next year compared to CL$0.53 last year. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS CL$31.09 (vs CL$5.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CL$626.6b (up 235% from 3Q 2020). Net income: CL$27.1b (up 467% from 3Q 2020). Profit margin: 4.3% (up from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 24
Price target decreased to CL$533 Down from CL$578, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CL$391. Stock is down 34% over the past year. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS CL$10.39 (vs CL$6.75 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CL$208.4b (up 23% from 2Q 2020). Net income: CL$9.05b (up CL$14.9b from 2Q 2020). Profit margin: 4.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jun 29
Consensus EPS estimates increase to CL$28.51 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CL$793.8b to CL$804.8b. EPS estimate increased from CL$23.33 to CL$28.51 per share. Net income forecast to grow 1,601% next year vs 21% growth forecast for IT industry in Chile. Consensus price target of CL$578 unchanged from last update. Share price rose 3.6% to CL$434 over the past week. Price Target Changed • May 06
Price target decreased to CL$576 Down from CL$689, the current price target is an average from 5 analysts. New target price is 24% above last closing price of CL$464. Stock is down 7.8% over the past year. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CL$10.14 (vs CL$9.19 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CL$203.3b (down 5.7% from 1Q 2020). Net income: CL$8.83b (up 10% from 1Q 2020). Profit margin: 4.3% (up from 3.7% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CL$14.46 to CL$21.61. Revenue forecast steady at CL$805.0b. Net income forecast to grow 4,962% next year vs 21% growth forecast for IT industry in Chile. Consensus price target of CL$683 unchanged from last update. Share price rose 3.5% to CL$484 over the past week. Major Estimate Revision • Mar 17
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CL$24.78 to CL$21.05 per share. Revenue forecast steady at CL$802.6b. Net income forecast to grow 5,122% next year vs 24% growth forecast for IT industry in Chile. Consensus price target broadly unchanged at CL$663. Share price rose 12% to CL$490 over the past week. Reported Earnings • Jan 31
Full year 2020 earnings released: EPS CL$0.53 (vs CL$26.53 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CL$780.5b (down 7.8% from FY 2019). Net income: CL$459.6m (down 98% from FY 2019). Profit margin: 0.1% (down from 2.7% 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 66% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 31
Revenue misses expectations Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 4.4%, compared to a 24% growth forecast for the IT industry in Chile. Major Estimate Revision • Jan 30
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from CL$14.97 to CL$17.73. Revenue estimate for the same period was approximately flat at CL$791.7b. Net income is expected to grow by 194% next year compared to 24% growth forecast for the IT industry in Chile. The consensus price target was lowered from CL$713 to CL$700. Share price is down by 4.1% to CL$425 over the past week. Is New 90 Day High Low • Jan 29
New 90-day low: CL$428 The company is down 13% from its price of CL$490 on 30 October 2020. The Chilean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CL$430 per share. Major Estimate Revision • Jan 16
Analysts lower EPS estimates to CL$14.97 The 2020 consensus revenue estimate was lowered from CL$811.9b to CL$792.1b. Earning per share (EPS) estimate was also lowered from CL$18.39 to CL$14.97 for the same period. Net income is expected to grow by 209% next year compared to 22% growth forecast for the IT industry in Chile. The consensus price target was lowered from CL$715 to CL$713. Share price is up 6.6% to CL$463 over the past week. Is New 90 Day High Low • Jan 06
New 90-day low: CL$431 The company is down 18% from its price of CL$528 on 08 October 2020. The Chilean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CL$431 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CL$467 The company is down 20% from its price of CL$585 on 17 September 2020. The Chilean market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CL$442 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CL$499 The company is down 18% from its price of CL$610 on 31 July 2020. The Chilean market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CL$397 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue and earnings miss expectations Third-quarter revenue missed analyst estimates by 0.8% at CL$187.3b. Earnings per share (EPS) also missed analyst estimates by 4.0% at CL$5.48. Revenue is forecast to grow 2.5% over the next year, compared to a 14% growth forecast for the IT industry in Chile. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CL$6.82b, down 75% from the prior year. Total revenue was CL$810.2b over the last 12 months, down 3.4% from the prior year. Price Target Changed • Oct 13
Price target raised to CL$721 Up from CL$660, the current price target is an average from 7 analysts. The new target price is 32% above the current share price of CL$546. As of last close, the stock is down 38% over the past year. Announcement • Oct 08
Sonda S.A. to Report Q3, 2020 Results on Oct 23, 2020 Sonda S.A. announced that they will report Q3, 2020 results at 9:00 AM, Pacific SA Standard Time on Oct 23, 2020 Is New 90 Day High Low • Oct 06
New 90-day low: CL$550 The company is down 7.0% from its price of CL$590 on 08 July 2020. The Chilean market is down 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CL$393 per share.