Financials Plaza S.A.

Equities

MALLPLAZA

CL0002456714

Real Estate Development & Operations

End-of-day quote Santiago S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
1,370 CLP -0.62% Intraday chart for Plaza S.A. -4.54% +10.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,93,076 21,69,132 18,40,460 20,73,680 24,39,612 30,00,081 - -
Enterprise Value (EV) 1 39,69,944 31,73,601 27,83,712 31,06,212 35,02,823 40,61,481 40,33,189 40,96,083
P/E ratio 30.9 x 177 x 39.5 x 31.2 x 6.98 x 12.3 x 11.3 x -
Yield 1.52% 1.4% 0.48% 1.32% - 2.94% 3.27% 4.68%
Capitalization / Revenue 9.99 x 11.6 x 6.65 x 5.4 x 5.81 x 6.5 x 6.24 x 6.16 x
EV / Revenue 12.8 x 16.9 x 10.1 x 8.09 x 8.34 x 8.8 x 8.4 x 8.4 x
EV / EBITDA 16.7 x 27.3 x 13.3 x 11 x 10.9 x 11.2 x 10.7 x 10.5 x
EV / FCF 3,78,38,331 x -77,43,96,867 x 1,87,80,702 x 1,94,29,170 x 1,99,12,298 x - - -
FCF Yield 0% -0% 0% 0% 0% - - -
Price to Book 1.75 x 1.23 x 1.02 x 1.15 x 0.94 x 0.99 x 0.98 x 0.95 x
Nbr of stocks (in thousands) 19,60,000 19,60,000 19,60,000 19,60,000 19,60,000 21,90,000 - -
Reference price 2 1,578 1,107 939.0 1,058 1,245 1,370 1,370 1,370
Announcement Date 25/02/20 23/02/21 02/03/22 23/02/23 28/02/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,09,598 1,87,329 2,76,695 3,83,864 4,19,904 4,61,400 4,80,418 4,87,348
EBITDA 1 2,38,308 1,16,114 2,08,621 2,82,699 3,22,185 3,64,116 3,77,091 3,91,360
EBIT 1 1,85,147 63,238 1,40,691 2,16,308 5,13,768 3,62,035 3,76,159 3,89,245
Operating Margin 59.8% 33.76% 50.85% 56.35% 122.35% 78.46% 78.3% 79.87%
Earnings before Tax (EBT) 1,37,618 - 53,641 73,567 4,38,184 - - -
Net income 1 1,00,075 12,248 46,556 66,445 3,49,759 2,18,984 2,37,893 -
Net margin 32.32% 6.54% 16.83% 17.31% 83.3% 47.46% 49.52% -
EPS 2 51.06 6.250 23.75 33.90 178.4 111.7 121.4 -
Free Cash Flow 1,04,919 -4,098 1,48,222 1,59,874 1,75,913 - - -
FCF margin 33.89% -2.19% 53.57% 41.65% 41.89% - - -
FCF Conversion (EBITDA) 44.03% - 71.05% 56.55% 54.6% - - -
FCF Conversion (Net income) 104.84% - 318.37% 240.61% 50.3% - - -
Dividend per Share 2 24.00 15.45 4.470 14.00 - 40.31 44.74 64.14
Announcement Date 25/02/20 23/02/21 02/03/22 23/02/23 28/02/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 91,557 91,046 93,446 96,570 1,02,802 99,916 1,02,990 1,10,409 1,06,590 1,14,106 1,13,105 1,15,348 1,21,834 1,18,158
EBITDA 72,216 68,314 69,575 74,538 70,271 74,969 78,806 87,663 80,748 86,852 - - - -
EBIT 1 45,537 53,765 54,833 60,599 47,110 61,294 2,38,123 - 1,13,997 86,330 90,313 92,196 97,918 95,729
Operating Margin 49.74% 59.05% 58.68% 62.75% 45.83% 61.35% 231.21% - 106.95% 75.66% 79.85% 79.93% 80.37% 81.02%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 13,901 21,278 13,827 18,231 13,109 31,401 1,67,147 59,268 82,286 54,140 - - - -
Net margin 15.18% 23.37% 14.8% 18.88% 12.75% 31.43% 162.3% 53.68% 77.2% 47.45% - - - -
EPS - 10.86 7.050 9.300 - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 02/03/22 11/05/22 31/08/22 09/11/22 23/02/23 10/05/23 02/09/23 14/11/23 28/02/24 07/05/24 - - - -
1CLP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,76,868 10,04,469 9,43,252 10,32,532 10,63,211 10,61,400 10,33,108 10,96,002
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.68 x 8.651 x 4.521 x 3.652 x 3.3 x 2.915 x 2.74 x 2.8 x
Free Cash Flow 1,04,919 -4,098 1,48,222 1,59,874 1,75,913 - - -
ROE (net income / shareholders' equity) 5.5% 0.69% 2.62% 3.68% 14.3% 6.45% 6.59% 7.15%
ROA (Net income/ Total Assets) 3.1% 0.35% 1.29% 1.79% 7.8% 5.4% - -
Assets 1 32,28,226 35,11,971 36,08,992 37,20,551 44,84,088 40,55,259 - -
Book Value Per Share 2 901.0 898.0 918.0 923.0 1,327 1,384 1,400 1,437
Cash Flow per Share - - - - - - - -
Capex 1 1,18,018 90,537 71,868 1,15,429 1,19,138 55,042 2,546 -
Capex / Sales 38.12% 48.33% 25.97% 30.07% 28.37% 11.93% 0.53% -
Announcement Date 25/02/20 23/02/21 02/03/22 23/02/23 28/02/24 - - -
1CLP in Million2CLP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
1,370 CLP
Average target price
1,634 CLP
Spread / Average Target
+19.25%
Consensus