CAP S.A (CAP) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of CAP S.A stock CLP 6,151, price CLP 3,637, upside +69.1%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range 3,637 CLP – 10,336 CLP · fair‑value band 6,151 CLP – 10,395 CLP · the 3,637 CLP price screens below the 6,151 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 12, 2026.
Follow CAP in your weekly email
Every Wednesday you see whether CAP is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
CAP S.A. engages in iron mining, industrial, and infrastructure businesses in Chile, Peru, Argentina, and internationally. The company is involved in extraction of iron ore and its subsequent processing, internal, and external sales.
Show moreShow less
It also develops and exploits mining deposits; provides geological and mining research, engineering, mechanical and industrial maintenance, and construction and earthmoving services; and produces iron ore and pellets.
In addition, the company engages in coil cutting, flattening of cold-rolled, hot-rolled, and galvanized sheet metal; the manufacture and sale of welded steel pipes, tubes, and steel profiles for dry construction; and producing and distributing of desalinated water to supply water to mining companies.
The company was formerly known as Compañía de Acero del Pacífico S.A. de Inversiones and changed its name to CAP S.A. in May 1991. CAP S.A. was incorporated in 1946 and is based in Las Condes, Chile.
Stock analysis
CAP S.A (CAP) currently trades at 3,637 CLP, while our model-based Fair Value estimate is 6,151 CLP, implying the stock looks roughly 41% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 13,380 CLP per share, and 4 of the 6 models we run sit above the 3,637 CLP price.
Bear case: the Growth DCF group reads lowest at 925.36 CLP, and 2 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 6,151 CLP (bear) to 10,395 CLP (bull), the price of 3,637 CLP sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CAP S.A reported revenue of $1.9B in FY2025 versus $3.7B in FY2021, a compound −14.9%/yr. Reported net income was −$84.7M in FY2025.
Key figures
Market cap 544B CLP (≈ $547M) Small · EPS (TTM) −845.59 CLP · Dividend yield 0.2% · Net margin −4.4% · Return on equity −5.7% · Return on assets (EBIT) 8.6% (5-year average) · Operating margin −2.0% · Revenue (TTM) $1.9B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (medium confidence).
What moves the price
The share trades about 58% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at 69%, CAP screens cheaper than that median.
Fair Value models
Bear6,151 CLPFair Value 6,151 CLPBull10,395 CLP
Price 3,637 CLP · Upside +69.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCFn/a866.67 CLP3,306 CLP77
Growth DCFn/a925.36 CLP3,046 CLP75
5Y EBITDA Exit4,266 CLP10,197 CLP18,048 CLP71
All 9 models by family
DCF Models
FCF DCFn/a866.67 CLP3,306 CLP77
5Y Revenue Exitn/an/a1,226 CLP69
5Y EBITDA Exit4,266 CLP10,197 CLP18,048 CLP71
10Y Revenue Exitn/an/a438.44 CLP64
10Y EBITDA Exit1,907 CLP5,302 CLP8,960 CLP65
Multiples
EV/EBITDA7,592 CLP13,380 CLP19,167 CLP65
Asset-Based
NCAV (Graham)5,544 CLP7,429 CLP11,089 CLP54
Growth DCF
Growth DCFn/a925.36 CLP3,046 CLP75
Rev-Margin DCFn/an/a1,344 CLP69
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−13.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.3%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
26.1% (2020) → 7.0% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +23.3% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 418 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+69.1% · Top 25%
Profitability
Return on assets−1.4% · Bottom 25%
Net margin (12 months)−7.6% · Bottom 25%
Operating margin (12 months)−2.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−27.6% · Bottom 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.32× · Cheapest 25%
P/S (12 months)0.29× · Cheaper than median
Price / free cash flow (fiscal year)9.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CAP S.A Fair Value". https://www.fairvalue-calculator.com/stock/CAP.SN
Frequently asked questions
Is CAP S.A (CAP) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of 6,151 CLP versus a price of 3,637 CLP, about +69% upside (undervalued).
What is the fair value of CAP?
Our model-based fair value for CAP S.A is 6,151 CLP (as of Nov 12, 2026), built from audited fundamentals. The current price: 3,637 CLP.
What is the quality score of CAP?
CAP S.A has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CAP S.A (CAP)?
Our model-based price target is the fair value of 6,151 CLP (as of Nov 12, 2026) from 9 valuation models. Cautious scenario 6,151 CLP, optimistic scenario 10,395 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the CAP S.A stock forecast for 2026?
Our models put fair value at 6,151 CLP, about +69% upside versus a price of 3,637 CLP (undervalued). Cautious scenario 6,151 CLP, optimistic scenario 10,395 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of CAP S.A (CAP)?
CAP S.A reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Nov 12, 2026).
Does CAP S.A pay a dividend?
CAP S.A currently shows a dividend yield of 0.16% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of CAP S.A (CAP)?
CAP S.A has a dividend yield of 0.2%.
What growth is priced into CAP S.A (CAP)?
For today's price to be fair in a discounted-cash-flow model, CAP S.A would have to grow free cash flow by +26.2 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.4 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of CAP use?
Our models discount CAP S.A at 12.2 %: a base by market capitalisation (small), damped by beta 1.04, country premium for Chile. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CAP S.A that is +26.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has CAP S.A (CAP) delivered so far?
Over the past 5 years revenue at CAP S.A grew -6.4 % a year. The price currently implies free-cash-flow growth of +26.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CAP S.A (CAP) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into CAP S.A (+26.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CAP S.A (CAP)?
The free-cash-flow yield on the price is 10.77 %: that much free cash flow CAP S.A produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CAP S.A (CAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CAP S.A it is 6,151 CLP per share (as of Nov 12, 2026), against a price of 3,637 CLP. It is the blended result of 9 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is CAP S.A stock overvalued or undervalued in 2026?
As of Nov 12, 2026, CAP trades below its calculated fair value: price 3,637 CLP, fair value 6,151 CLP, a gap of about +69% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CAP?
No. The price is what the market pays today (3,637 CLP); the fair value is what the company's own numbers justify (6,151 CLP). For CAP S.A the two are 2,514 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is CAP S.A worth?
The market values CAP S.A at about 544B CLP (market capitalisation, as of Nov 12, 2026). Per share that is 3,637 CLP; our models calculate a fair value of 6,151 CLP per share.
What do the bullish and bearish scenarios say about CAP?
Our models span a range for CAP S.A: cautious scenario 6,151 CLP, base 6,151 CLP, optimistic 10,395 CLP per share (as of Nov 12, 2026, price 3,637 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CAP S.A (CAP)?
Balance-sheet figures for CAP S.A (as of Nov 12, 2026): return on equity −5.7%, debt of 0.73 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is CAP from its 52-week high?
CAP S.A trades at 3,637 CLP, about 58% below its 52-week high of 8,600 CLP and at the low of 3,637 CLP (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of 6,151 CLP is for.
Which stocks are comparable to CAP S.A?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CAP S.A stock attractive at the current price?
The data as of Nov 12, 2026: price 3,637 CLP, calculated fair value 6,151 CLP (+69%), Quality Score 41/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CAP calculated?
We run CAP S.A through 9 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 6,151 CLP builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. CAP S.A currently trades 41% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CAP S.A (CAP)?
The closing price on Nov 12, 2026 was 3,637 CLP. Our model-based fair value is 6,151 CLP, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CAP S.A right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (6,151 CLP). The market is more pessimistic than our downside scenario.
Key figures of CAP S.A
How large is the market capitalisation of CAP S.A (CAP)?
The market capitalisation of CAP S.A is 544B CLP (≈ $547M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of CAP S.A (CAP)?
Earnings per share at CAP S.A are −845.59 CLP. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CAP S.A (CAP)?
The dividend yield of CAP S.A is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CAP S.A (CAP)?
The net margin of CAP S.A is −4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CAP S.A (CAP)?
The return on equity (ROE) of CAP S.A is −5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CAP S.A (CAP)?
On an EBIT basis the return on assets of CAP S.A is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CAP S.A (CAP)?
The operating margin of CAP S.A is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CAP S.A (CAP)?
Revenue at CAP S.A is growing −27.6% versus a year earlier (3y avg −13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CAP S.A (CAP)?
Earnings per share at CAP S.A are growing +784% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CAP S.A (CAP) carry?
The net debt of CAP S.A is $1.5B (fiscal year 2025, ≈ 24.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch CAP S.A in the live analysis
One click puts CAP S.A on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 12, 2026