Company Valuation: Bicecorp S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 11,06,131 9,27,449 10,85,115 11,43,910 16,08,145 33,83,532
Change - -16.15% 17% 5.42% 40.58% 110.4%
Enterprise Value (EV) 1 -15,09,940 -11,86,006 -9,60,173 -13,71,054 -10,00,845 74,82,187
Change - 21.45% 19.04% -42.79% 27% 847.59%
P/E 10.8x 4.69x 4.9x 5.11x 8.08x 14.5x
PBR 1.04x 0.84x 0.85x 0.84x 1.21x 1.02x
PEG - 0.1x 0.4x 5.26x -0.7x -0.7x
Capitalization / Revenue 1.05x 0.64x 0.48x 0.51x 0.71x 0.83x
EV / Revenue -1.43x -0.82x -0.42x -0.61x -0.44x 1.84x
EV / EBITDA -10.9x -4.44x -4.39x -4.98x -3.87x 22.4x
EV / EBIT -11.7x -4.62x -4.66x -5.25x -4.11x 24.2x
EV / FCF -31.2x -67.1x 17.7x -25.2x -1.2x 2.65x
FCF Yield -3.2% -1.49% 5.64% -3.97% -83.1% 37.8%
Dividend per Share 2 4.747 8.706 12.57 10.21 22.5 10.45
Rate of return 2.65% 5.8% 7.16% 5.52% 8.64% 2.8%
EPS 2 16.53 32 35.89 36.24 32.21 25.8
Distribution rate 28.7% 27.2% 35% 28.2% 69.8% 40.5%
Net sales 1 10,53,634 14,49,021 22,60,197 22,34,653 22,71,211 40,68,764
EBITDA 1 1,38,176 2,67,094 2,18,919 2,75,335 2,58,870 3,34,427
EBIT 1 1,28,698 2,56,759 2,06,261 2,60,964 2,43,375 3,09,477
Net income 1 1,02,125 1,97,661 2,21,665 2,23,819 1,98,971 2,04,865
Net Debt 1 -26,16,071 -21,13,455 -20,45,288 -25,14,964 -26,08,990 40,98,655
Reference price 2 179.09 150.16 175.69 185.21 260.38 373.00
Nbr of stocks (in thousands) 61,76,258 61,76,258 61,76,258 61,76,258 61,76,258 90,71,130
Announcement Date 05/03/21 05/03/22 03/03/23 01/03/24 19/02/25 06/03/26
1CLP in Million2CLP
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 380Cr
13.54x - - 1.89% 90TCr
6.48x - - 4.8% 44TCr
7.04x - - 4.52% 39TCr
6.51x - - 4.77% 35TCr
11.39x - - 2.39% 35TCr
6.91x - - 4.62% 32TCr
10.62x - - 4.94% 29TCr
17.49x - - 2.41% 28TCr
11.36x - - 2.27% 25TCr
Average 10.15x 3.62% 35.69TCr
Weighted average by Cap. 10.38x 3.43%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Bicecorp S.A.

Historical PBR trend

Valuation ratios - PBR - Bicecorp S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Bicecorp S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Bicecorp S.A.

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