Financials Empresa Eléctrica de Magallanes S.A.

Equities

EDELMAG

CLP3710E1074

Electric Utilities

End-of-day quote Santiago S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
5,100 CLP 0.00% Intraday chart for Empresa Eléctrica de Magallanes S.A. 0.00% +2.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 74,563 70,639 79,796 78,488 75,217 65,406
Enterprise Value (EV) 1 82,582 77,472 84,281 86,599 94,263 96,315
P/E ratio 19.7 x 10.8 x 12.5 x 10.5 x 10.5 x 11.8 x
Yield 5.04% 6.93% 7.18% 3.72% 2.03% -
Capitalization / Revenue 2.01 x 1.7 x 1.86 x 1.92 x 1.49 x 1.18 x
EV / Revenue 2.22 x 1.86 x 1.97 x 2.12 x 1.87 x 1.74 x
EV / EBITDA 6.84 x 5.22 x 5.67 x 7.16 x 6.6 x 5.01 x
EV / FCF 55.9 x 8.19 x 10.5 x -23.2 x 353 x -11.8 x
FCF Yield 1.79% 12.2% 9.57% -4.31% 0.28% -8.51%
Price to Book 1.5 x 1.38 x 1.42 x 2.04 x 1.96 x 1.64 x
Nbr of stocks (in thousands) 13,081 13,081 13,081 13,081 13,081 13,081
Reference price 2 5,700 5,400 6,100 6,000 5,750 5,000
Announcement Date 1/21/19 1/21/20 1/26/21 3/2/22 2/28/23 2/29/24
1CLP in Million2CLP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 37,140 41,639 42,814 40,887 50,339 55,309
EBITDA 1 12,079 14,846 14,853 12,087 14,292 19,222
EBIT 1 6,233 9,379 9,460 8,543 9,466 14,208
Operating Margin 16.78% 22.53% 22.1% 20.89% 18.8% 25.69%
Earnings before Tax (EBT) 1 5,209 8,750 8,483 9,821 8,499 11,347
Net income 1 3,785 6,527 6,361 7,500 7,154 5,520
Net margin 10.19% 15.67% 14.86% 18.34% 14.21% 9.98%
EPS 2 289.3 498.9 486.3 573.4 546.9 422.0
Free Cash Flow 1 1,476 9,459 8,062 -3,729 267.3 -8,195
FCF margin 3.98% 22.72% 18.83% -9.12% 0.53% -14.82%
FCF Conversion (EBITDA) 12.22% 63.71% 54.28% - 1.87% -
FCF Conversion (Net income) 39.01% 144.93% 126.73% - 3.74% -
Dividend per Share 2 287.0 374.0 438.0 223.0 117.0 -
Announcement Date 1/21/19 1/21/20 1/26/21 3/2/22 2/28/23 2/29/24
1CLP in Million2CLP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 8,019 6,833 4,485 8,111 19,046 30,909
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.6638 x 0.4602 x 0.3019 x 0.671 x 1.333 x 1.608 x
Free Cash Flow 1 1,476 9,459 8,062 -3,729 267 -8,195
ROE (net income / shareholders' equity) 7.61% 12.8% 11.7% 20.2% 18.5% 22.1%
ROA (Net income/ Total Assets) 4.85% 7.31% 7% 8.44% 8.22% 10.3%
Assets 1 78,032 89,309 90,838 88,911 86,992 53,796
Book Value Per Share 2 3,810 3,927 4,302 2,938 2,927 3,047
Cash Flow per Share 2 29.80 120.0 411.0 136.0 84.30 74.30
Capex 1 5,000 1,607 8,635 11,133 10,699 14,546
Capex / Sales 13.46% 3.86% 20.17% 27.23% 21.25% 26.3%
Announcement Date 1/21/19 1/21/20 1/26/21 3/2/22 2/28/23 2/29/24
1CLP in Million2CLP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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