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COLB

Colbún SNSE:COLBUN Stock Report

Last Price

CL$62.42

Market Cap

CL$1.1t

7D

-2.4%

1Y

-41.1%

Updated

24 Jun, 2022

Data

Company Financials +
COLBUN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends3/6

COLBUN Stock Overview

Colbún S.A., together with its subsidiaries, engages in the production, transportation, distribution, and supply of energy, electricity, and natural gas to regulated and unregulated customers in Chile and Peru.

Rewards

Trading at 22.2% below our estimate of its fair value

Earnings grew by 686.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 28.2% per year for the next 3 years

Dividend of 89.79% is not well covered by earnings

Volatile share price over the past 3 months

Large one-off items impacting financial results


Colbún Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Colbún
Historical stock prices
Current Share PriceCL$62.42
52 Week HighCL$136.00
52 Week LowCL$48.12
Beta0.74
1 Month Change4.03%
3 Month Change-10.69%
1 Year Change-41.11%
3 Year Change-55.41%
5 Year Change-56.28%
Change since IPO149.68%

Recent News & Updates

Shareholder Returns

COLBUNCL Renewable EnergyCL Market
7D-2.4%-0.8%-2.6%
1Y-41.1%-16.4%-10.3%

Return vs Industry: COLBUN underperformed the CL Renewable Energy industry which returned -18% over the past year.

Return vs Market: COLBUN underperformed the CL Market which returned -11.3% over the past year.

Price Volatility

Is COLBUN's price volatile compared to industry and market?
COLBUN volatility
COLBUN Average Weekly Movement5.8%
Renewable Energy Industry Average Movement2.8%
Market Average Movement4.0%
10% most volatile stocks in CL Market6.7%
10% least volatile stocks in CL Market1.5%

Stable Share Price: COLBUN is more volatile than 75% of CL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: COLBUN's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of CL stocks.

About the Company

FoundedEmployeesCEOWebsite
19861,189Jose Escobarhttps://www.colbun.cl

Colbún S.A., together with its subsidiaries, engages in the production, transportation, distribution, and supply of energy, electricity, and natural gas to regulated and unregulated customers in Chile and Peru. It generates electricity through wind, solar, hydro, and thermal energy sources. The company has total power generation installed capacity of 3,811 MW, as well as operates 899 kilometers of transmission lines.

Colbún Fundamentals Summary

How do Colbún's earnings and revenue compare to its market cap?
COLBUN fundamental statistics
Market CapUS$1.19b
Earnings (TTM)US$631.83m
Revenue (TTM)US$1.52b

1.9x

P/E Ratio

0.8x

P/S Ratio

Is COLBUN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
COLBUN income statement (TTM)
RevenueUS$1.52b
Cost of RevenueUS$855.37m
Gross ProfitUS$665.62m
Other ExpensesUS$33.79m
EarningsUS$631.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.036
Gross Margin43.76%
Net Profit Margin41.54%
Debt/Equity Ratio68.9%

How did COLBUN perform over the long term?

See historical performance and comparison

Dividends

89.8%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

COLBUN 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/Revenue1.4x
Enterprise Value/EBITDA5.1x
PEG Ratio-0.07x

Price to Earnings Ratio vs Peers

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

COLBUN PE Ratio vs Peers
The above table shows the PE ratio for COLBUN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.2x

Price-To-Earnings vs Peers: COLBUN is good value based on its Price-To-Earnings Ratio (1.9x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does COLBUN's PE Ratio compare vs other companies in the Global Renewable Energy Industry?

Price-To-Earnings vs Industry: COLBUN is good value based on its Price-To-Earnings Ratio (1.9x) compared to the CL Renewable Energy industry average (4.8x)

Price to Earnings Ratio vs Fair Ratio

What is COLBUN'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.

COLBUN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.9x
Fair PE Ratio4.6x

Price-To-Earnings vs Fair Ratio: COLBUN is good value based on its Price-To-Earnings Ratio (1.9x) compared to the estimated Fair Price-To-Earnings Ratio (4.6x).

Share Price vs Fair Value

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

Below Fair Value: COLBUN (CLP62.42) is trading below our estimate of fair value (CLP80.27)

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

Price to Earnings Growth Ratio

PEG Ratio: COLBUN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

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Future Growth

How is Colbún forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

-28.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLBUN's earnings are forecast to decline over the next 3 years (-28.2% per year).

Earnings vs Market: COLBUN's earnings are forecast to decline over the next 3 years (-28.2% per year).

High Growth Earnings: COLBUN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: COLBUN's revenue is expected to decline over the next 3 years (-5% per year).

High Growth Revenue: COLBUN's revenue is forecast to decline over the next 3 years (-5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: COLBUN's Return on Equity is forecast to be low in 3 years time (6.6%).

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Past Performance

How has Colbún performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: COLBUN has a large one-off gain of $693.8M impacting its March 31 2022 financial results.

Growing Profit Margin: COLBUN's current net profit margins (41.5%) are higher than last year (6%).

Past Earnings Growth Analysis

Earnings Trend: COLBUN's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: COLBUN's earnings growth over the past year (686.8%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: COLBUN earnings growth over the past year (686.8%) exceeded the Renewable Energy industry -9.9%.

Return on Equity

High ROE: COLBUN's Return on Equity (21.8%) is considered high.

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Financial Health

How is Colbún's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: COLBUN's short term assets ($1.7B) exceed its short term liabilities ($490.4M).

Long Term Liabilities: COLBUN's short term assets ($1.7B) do not cover its long term liabilities ($3.1B).

Debt to Equity History and Analysis

Debt Level: COLBUN's net debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: COLBUN's debt to equity ratio has increased from 43.8% to 68.9% over the past 5 years.

Debt Coverage: COLBUN's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: COLBUN's interest payments on its debt are well covered by EBIT (3.6x coverage).

Balance Sheet

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Dividend

What is Colbún current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

89.79%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: COLBUN's dividend (89.79%) is higher than the bottom 25% of dividend payers in the CL market (4.47%).

High Dividend: COLBUN's dividend (89.79%) is in the top 25% of dividend payers in the CL market (13.58%)

Stability and Growth of Payments

Stable Dividend: COLBUN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: COLBUN's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.1%), COLBUN's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: COLBUN is paying a dividend but the company has no free cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure

CEO

Jose Escobar

0.083

Tenure

Jose Ignacio Escobar is General Manager of Colb n S.A. from May 16, 2022. Jose Ignacio Escobar an industrial civil engineer, worked for Spanish renewables Acciona Energia.Jose Ignacio Escobar was appointe...

Leadership Team

Experienced Management: COLBUN's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Experienced Board: COLBUN's board of directors are considered experienced (3.4 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Colbún S.A.'s employee growth, exchange listings and data sources

Key Information

  • Name: Colbún S.A.
  • Ticker: COLBUN
  • Exchange: SNSE
  • Founded: 1986
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Implied Market Cap: CL$1.095t
  • Shares outstanding: 17.54b
  • Website: https://www.colbun.cl

Number of Employees

Location

  • Colbún S.A.
  • Avenida Apoquindo 4775
  • 11th Floor
  • Santiago
  • Region Metropolitana (Santiago)
  • Chile

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.