FORUS S.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,576 CLP | +0.24% |
|
-0.90% | -3.31% |
| Mar. 03 | Forus S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Forus S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 284,316 | 312,747 | 284,316 | 305,510 | 421,201 | 407,270 | - | - |
| Enterprise Value (EV) 1 | 337,003 | 351,104 | 312,194 | 354,083 | 421,201 | 448,138 | 448,526 | 448,953 |
| P/E ratio | 12.1 x | 68.9 x | 7.22 x | 9.69 x | 14.6 x | 12.9 x | 11.5 x | 10.3 x |
| Yield | 2.55% | 0.44% | 5.54% | - | - | 6.35% | 7% | 7.89% |
| Capitalization / Revenue | 1.2 x | 1.7 x | 0.96 x | 0.97 x | 1.29 x | 1.19 x | 1.13 x | 1.07 x |
| EV / Revenue | 1.42 x | 1.9 x | 1.06 x | 1.12 x | 1.29 x | 1.3 x | 1.24 x | 1.18 x |
| EV / EBITDA | 8.58 x | 14.2 x | 4.36 x | 5.7 x | 7.47 x | 7.55 x | 7.18 x | 6.64 x |
| EV / FCF | 28,011,831 x | 8,506,003 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 1.21 x | 1.35 x | 1.48 x | 1.55 x | - | 1.88 x | 1.82 x | 1.76 x |
| Nbr of stocks (in thousands) | 258,469 | 258,469 | 258,469 | 258,469 | 258,469 | 258,469 | - | - |
| Reference price 2 | 1,100 | 1,210 | 1,100 | 1,182 | 1,630 | 1,576 | 1,576 | 1,576 |
| Announcement Date | 2/28/20 | 2/27/21 | 3/2/22 | 3/1/23 | 3/2/24 | - | - | - |
1CLP in Million2CLP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 237,560 | 184,449 | 294,690 | 315,055 | 326,555 | 343,488 | 361,491 | 381,082 |
| EBITDA 1 | 39,295 | 24,765 | 71,597 | 62,158 | 56,386 | 59,384 | 62,459 | 67,649 |
| EBIT 1 | 18,598 | 6,319 | 52,371 | 32,011 | 32,531 | 34,661 | 38,203 | 42,017 |
| Operating Margin | 7.83% | 3.43% | 17.77% | 10.16% | 9.96% | 10.09% | 10.57% | 11.03% |
| Earnings before Tax (EBT) 1 | 31,070 | 3,690 | 53,486 | 35,974 | 36,577 | 41,056 | 46,042 | 51,727 |
| Net income 1 | 23,389 | 4,720 | 39,350 | 31,543 | 28,860 | 31,631 | 35,470 | 39,847 |
| Net margin | 9.85% | 2.56% | 13.35% | 10.01% | 8.84% | 9.21% | 9.81% | 10.46% |
| EPS 2 | 90.55 | 17.56 | 152.4 | 122.0 | 111.6 | 121.9 | 136.7 | 153.6 |
| Free Cash Flow | 12,031 | 41,277 | - | - | - | - | - | - |
| FCF margin | 5.06% | 22.38% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 30.62% | 166.68% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 51.44% | 874.59% | - | - | - | - | - | - |
| Dividend per Share 2 | 28.00 | 5.268 | 60.95 | - | - | 100.1 | 110.3 | 124.4 |
| Announcement Date | 2/28/20 | 2/27/21 | 3/2/22 | 3/1/23 | 3/2/24 | - | - | - |
1CLP in Million2CLP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 77,989 | 96,662 | 69,872 | 88,872 | 68,905 | 87,407 | 77,122 | 87,468 | 72,808 | 89,157 | 84,000 |
| EBITDA 1 | 19,735 | 25,560 | 12,651 | 20,215 | 11,125 | 18,167 | 13,799 | 18,806 | 10,730 | 13,052 | 13,000 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 12,109 | 13,760 | 3,463 | 13,447 | 4,475 | 10,157 | 6,092 | 9,523 | 4,806 | 8,440 | 5,000 |
| Net margin | 15.53% | 14.24% | 4.96% | 15.13% | 6.49% | 11.62% | 7.9% | 10.89% | 6.6% | 9.47% | 5.95% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/27/21 | 3/2/22 | 5/20/22 | 8/24/22 | 11/26/22 | 3/1/23 | 5/24/23 | 9/1/23 | 11/24/23 | 3/2/24 | - |
1CLP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 52,687 | 38,357 | 27,878 | 48,572 | - | 40,868 | 41,256 | 41,683 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.341 x | 1.549 x | 0.3894 x | 0.7814 x | - | 0.6882 x | 0.6605 x | 0.6162 x |
| Free Cash Flow | 12,031 | 41,277 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.3% | 2.02% | 18.5% | 16.2% | - | 14.7% | 16% | 17.4% |
| ROA (Net income/ Total Assets) | 8.21% | - | - | - | - | 9.1% | - | - |
| Assets 1 | 284,850 | - | - | - | - | 347,593 | - | - |
| Book Value Per Share 2 | 906.0 | 898.0 | 745.0 | 761.0 | - | 840.0 | 866.0 | 896.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 17,924 | 3,548 | 7,171 | - | - | - | - | - |
| Capex / Sales | 7.55% | 1.92% | 2.43% | - | - | - | - | - |
| Announcement Date | 2/28/20 | 2/27/21 | 3/2/22 | 3/1/23 | 3/2/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1,576
CLP
Average target price
1,937
CLP
Spread / Average Target
+22.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.31% | 429M | |
| +14.99% | 151B | |
| +18.29% | 80.65B | |
| -3.45% | 44.8B | |
| -15.30% | 44.23B | |
| +1.89% | 26.43B | |
| -5.29% | 11.76B | |
| +8.80% | 9.19B | |
| +2.10% | 7.97B | |
| -3.95% | 7.13B |
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- Financials Forus S.A.
