Compañía Sud Americana de Vapores Valuation

Q: What is the Fair Price of VAPORES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

VAPORES (CLP52.51) is trading below our estimate of [[fair value]] (CLP151.92)

Is VAPORES undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VAPORES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VAPORES (CLP52.51) is trading below our estimate of fair value (CLP151.92)

Significantly Below Fair Value: VAPORES is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VAPORES?

Key metric: As VAPORES is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VAPORES. This is calculated by dividing VAPORES's market cap by their current earnings.
What is VAPORES's PE Ratio?
PE Ratio	14x
Earnings	US$195.72m
Market Cap	US$2.73b

VAPORES key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	-166.6x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does VAPORES's PE Ratio compare to its peers?

The above table shows the PE ratio for VAPORES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	8.8x
NAVIERA Grupo Empresas Navieras	5.9x	n/a	CL$255.8b
QUEMCHI Quemchi	1.4x	n/a	CL$95.2b
SMSAAM Sociedad Matriz SAAM	17.8x	n/a	CL$1.0t
LTM LATAM Airlines Group	10.1x	21.9%	CL$7.9t
VAPORES Compañía Sud Americana de Vapores	14x	24.7%	CL$2.7t

Price-To-Earnings vs Peers: VAPORES is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does VAPORES's PE Ratio compare vs other companies in the Global Shipping Industry?

7 Companies	Price / Earnings	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: VAPORES is expensive based on its Price-To-Earnings Ratio (14x) compared to the Global Shipping industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is VAPORES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VAPORES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VAPORES's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VAPORES forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CL$52.51	CL$81.50 +55.2%	25.7%	CL$110.00	CL$60.00	n/a	4
Nov ’25	CL$51.90	CL$81.50 +57.0%	25.7%	CL$110.00	CL$60.00	n/a	4
Oct ’25	CL$54.13	CL$81.50 +50.6%	25.7%	CL$110.00	CL$60.00	n/a	4
Sep ’25	CL$55.52	CL$81.50 +46.8%	25.7%	CL$110.00	CL$60.00	n/a	4
Aug ’25	CL$64.75	CL$80.00 +23.6%	27.9%	CL$110.00	CL$57.00	n/a	4
Jul ’25	CL$61.40	CL$66.00 +7.5%	23.8%	CL$93.00	CL$54.00	n/a	4
Jun ’25	CL$59.47	CL$65.75 +10.6%	24.2%	CL$93.00	CL$53.00	n/a	4
May ’25	CL$74.90	CL$69.75 -6.9%	23.4%	CL$96.00	CL$53.00	n/a	4
Apr ’25	CL$74.30	CL$69.75 -6.1%	23.4%	CL$96.00	CL$53.00	n/a	4
Mar ’25	CL$66.78	CL$70.00 +4.8%	22.9%	CL$96.00	CL$54.00	n/a	4
Feb ’25	CL$65.00	CL$70.00 +7.7%	22.9%	CL$96.00	CL$54.00	n/a	4
Jan ’25	CL$54.10	CL$70.00 +29.4%	22.9%	CL$96.00	CL$54.00	n/a	4
Dec ’24	CL$51.16	CL$70.00 +36.8%	22.9%	CL$96.00	CL$54.00	n/a	4
Nov ’24	CL$49.70	CL$81.00 +63.0%	20.2%	CL$96.00	CL$54.00	CL$51.90	4
Oct ’24	CL$53.30	CL$82.00 +53.8%	21.2%	CL$100.00	CL$54.00	CL$54.13	4
Sep ’24	CL$56.79	CL$76.00 +33.8%	21.2%	CL$92.00	CL$54.00	CL$55.52	3
Aug ’24	CL$63.04	CL$84.67 +34.3%	6.2%	CL$92.00	CL$80.00	CL$64.75	3
Jul ’24	CL$54.45	CL$96.00 +76.3%	21.0%	CL$130.00	CL$80.00	CL$61.40	4
Jun ’24	CL$60.00	CL$96.00 +60.0%	21.0%	CL$130.00	CL$80.00	CL$59.47	4
May ’24	CL$82.49	CL$96.00 +16.4%	21.0%	CL$130.00	CL$80.00	CL$74.90	4
Apr ’24	CL$79.04	CL$96.00 +21.5%	21.0%	CL$130.00	CL$80.00	CL$74.30	4
Mar ’24	CL$80.00	CL$100.67 +25.8%	21.2%	CL$130.00	CL$80.00	CL$66.78	3
Feb ’24	CL$69.31	CL$100.67 +45.2%	21.2%	CL$130.00	CL$80.00	CL$65.00	3
Jan ’24	CL$67.00	CL$125.00 +86.6%	36.0%	CL$170.00	CL$80.00	CL$54.10	2
Dec ’23	CL$71.00	CL$152.50 +114.8%	11.5%	CL$170.00	CL$135.00	CL$51.16	2
Nov ’23	CL$65.50	CL$152.50 +132.8%	11.5%	CL$170.00	CL$135.00	CL$49.70	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.