Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Administradora de Fondos de Pensiones Cuprum S.A stock CLP 107, price CLP 94, upside +13.4%, quality 81 out of 100. Rating: undervalued. Calculated from audited financials with 13 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 5, 2026.
How to read this chart
60‑month range 12.34 CLP – 191.35 CLP · fair‑value band 79.23 CLP – 133.25 CLP · the 94.00 CLP price screens below the 106.60 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Administradora de Fondos de Pensiones Cuprum S.A. is a publicly owned investment manager. The firm manages mutual funds and equity for its clients. It invests in domestic and foreign stock and bonds. It was founded in 1981 and is based in Santiago, Chile.
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Administradora de Fondos de Pensiones Cuprum S.A. operates as a subsidiary of Principal Chile Ltda.
Stock analysis
Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) currently trades at 94.00 CLP, while our model-based Fair Value estimate is 106.60 CLP, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 121.33 CLP per share, and 6 of the 13 models we run sit above the 94.00 CLP price.
Bear case: the Asset-Based group reads lowest at 13.73 CLP, and 7 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 79.23 CLP (bear) to 133.25 CLP (bull), the price of 94.00 CLP sits inside 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 81/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Administradora de Fondos de Pensiones Cuprum S.A reported revenue of 227B CLP in FY2025 versus 149B CLP in FY2021, a compound +11.0%/yr. Reported net income was 105B CLP in FY2025, compounding +17.7%/yr from FY2021.
Key figures
Market cap 1.2T CLP (≈ $1.2B) Small · P/E ratio 21.3 · P/S ratio 9.83 · EPS (TTM) 4.41 CLP · Dividend yield 2.5% · Net margin 46.1% · Return on equity 16.8% · Return on assets (EBIT) 10.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 13%, CUPRUM screens cheaper than that median.
Fair Value models
Bear79.23 CLPFair Value 106.60 CLPBull133.25 CLP
Price 94.00 CLP · Upside +13.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.77 CLP per share) are deliberately not added.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.
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.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.2%
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.
+12.7%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +5.4% 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.
+4.8%
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What shareholders gained per year (last 5 years), in CLP ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in CLP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)2.5%
Profit margin 2020 to 2025 ⓘ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.39% → 58%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+1.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Chile: IMF forecast 3.0% a year to 2030, 4.5% from 2016 to 2025) that is about −1.3% a year for the price.
Compare Administradora de Fondos de Pensiones Cuprum S.A with another stock
Price, fair value, quality and upside side by side.
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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.Asset Management · 587 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+13.4% · Below median
Profitability
Return on equity (12 months)16.8% · Above median
Return on assets11.2% · Top 25%
Net margin (12 months)47.2% · Above median
Operating margin (12 months)64.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.7% · Above median
Dividend yield (12 months)2.5% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)21.3× · Pricier than median
P/B1.84× · Priciest 25%
P/S (12 months)5.08× · Pricier than median
Price / free cash flow (fiscal year)12.6× · Pricier 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). "Administradora de Fondos de Pensiones Cuprum S.A Fair Value". https://www.fairvalue-calculator.com/stock/CUPRUM
Frequently asked questions
Is Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 106.60 CLP versus a price of 94.00 CLP, about +13% upside (undervalued).
What is the fair value of CUPRUM?
Our model-based fair value for Administradora de Fondos de Pensiones Cuprum S.A is 106.60 CLP (as of Nov 5, 2026), built from audited fundamentals. The current price: 94.00 CLP.
What is the quality score of CUPRUM?
Administradora de Fondos de Pensiones Cuprum S.A has a Quality Score of 81/100. 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Our model-based price target is the fair value of 106.60 CLP (as of Nov 5, 2026) from 13 valuation models. Cautious scenario 79.23 CLP, optimistic scenario 133.25 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Administradora de Fondos de Pensiones Cuprum S.A stock forecast for 2026?
Our models put fair value at 106.60 CLP, about +13% upside versus a price of 94.00 CLP (undervalued). Cautious scenario 79.23 CLP, optimistic scenario 133.25 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Administradora de Fondos de Pensiones Cuprum S.A reported trailing-twelve-month revenue of about 236B CLP (latest available figure, as of Nov 5, 2026).
Does Administradora de Fondos de Pensiones Cuprum S.A pay a dividend?
Administradora de Fondos de Pensiones Cuprum S.A currently shows a dividend yield of 2.50% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) and when is the ex-dividend date?
Administradora de Fondos de Pensiones Cuprum S.A pays a dividend of 2.35 CLP per share a year, a dividend yield of 2.5%. The last ex-dividend date was May 11, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 53.3% of earnings. Free cash flow covers the dividend 3.17 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
For today's price to be fair in a discounted-cash-flow model, Administradora de Fondos de Pensiones Cuprum S.A would have to grow free cash flow by +1.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of CUPRUM use?
Our models discount Administradora de Fondos de Pensiones Cuprum S.A at 10.6 %: a base by market capitalisation (small), damped by beta 0.15, 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 Administradora de Fondos de Pensiones Cuprum S.A that is +1.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) delivered so far?
Over the past 5 years revenue at Administradora de Fondos de Pensiones Cuprum S.A grew +10.5 % a year. The price currently implies free-cash-flow growth of +1.7 % 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Administradora de Fondos de Pensiones Cuprum S.A (+1.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The free-cash-flow yield on the price is 7.92 %: that much free cash flow Administradora de Fondos de Pensiones Cuprum S.A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Administradora de Fondos de Pensiones Cuprum S.A it is 106.60 CLP per share (as of Nov 5, 2026), against a price of 94.00 CLP. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Administradora de Fondos de Pensiones Cuprum S.A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, CUPRUM trades below its calculated fair value: price 94.00 CLP, fair value 106.60 CLP, a gap of about +13% (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 CUPRUM?
No. The price is what the market pays today (94.00 CLP); the fair value is what the company's own numbers justify (106.60 CLP). For Administradora de Fondos de Pensiones Cuprum S.A the two are 12.60 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Administradora de Fondos de Pensiones Cuprum S.A worth?
The market values Administradora de Fondos de Pensiones Cuprum S.A at about 1.2T CLP (market capitalisation, as of Nov 5, 2026). Per share that is 94.00 CLP; our models calculate a fair value of 106.60 CLP per share.
What do the bullish and bearish scenarios say about CUPRUM?
Our models span a range for Administradora de Fondos de Pensiones Cuprum S.A: cautious scenario 79.23 CLP, base 106.60 CLP, optimistic 133.25 CLP per share (as of Nov 5, 2026, price 94.00 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CUPRUM?
Administradora de Fondos de Pensiones Cuprum S.A trades at a price-to-earnings ratio of 21.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 106.60 CLP is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 9.0. Other multiples: P/B 1.8, P/S 5.1, EV/EBITDA 7.2.
How solid is the balance sheet of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Balance-sheet figures for Administradora de Fondos de Pensiones Cuprum S.A (as of Nov 5, 2026): return on equity 16.8%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is CUPRUM from its 52-week high?
Administradora de Fondos de Pensiones Cuprum S.A trades at 94.00 CLP, about 51% below its 52-week high of 191.35 CLP and 4% above the low of 90.00 CLP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 106.60 CLP is for.
Which stocks are comparable to Administradora de Fondos de Pensiones Cuprum S.A?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Administradora de Fondos de Pensiones Cuprum S.A stock attractive at the current price?
The data as of Nov 5, 2026: price 94.00 CLP, calculated fair value 106.60 CLP (+13%), Quality Score 81/100, from 13 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 CUPRUM calculated?
We run Administradora de Fondos de Pensiones Cuprum S.A through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 106.60 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 13.3% above its aggregate fair value. Administradora de Fondos de Pensiones Cuprum S.A currently trades 12% 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The closing price on Nov 6, 2026 was 94.00 CLP. Our model-based fair value is 106.60 CLP, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Administradora de Fondos de Pensiones Cuprum S.A right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Administradora de Fondos de Pensiones Cuprum S.A
How large is the market capitalisation of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The market capitalisation of Administradora de Fondos de Pensiones Cuprum S.A is 1.2T CLP (≈ $1.2B). 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 is the P/S ratio of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The price-to-sales ratio of Administradora de Fondos de Pensiones Cuprum S.A is 9.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Earnings per share at Administradora de Fondos de Pensiones Cuprum S.A are 4.41 CLP (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The dividend yield of Administradora de Fondos de Pensiones Cuprum S.A is 2.5% (payout 53.3%). 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The net margin of Administradora de Fondos de Pensiones Cuprum S.A is 46.1% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The return on equity (ROE) of Administradora de Fondos de Pensiones Cuprum S.A is 16.8% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
On an EBIT basis the return on assets of Administradora de Fondos de Pensiones Cuprum S.A is 10.5% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The operating margin of Administradora de Fondos de Pensiones Cuprum S.A is 64.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Revenue at Administradora de Fondos de Pensiones Cuprum S.A is growing +16.7% versus a year earlier (3y avg +12.7%). 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Earnings per share at Administradora de Fondos de Pensiones Cuprum S.A are growing +29.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 5, 2026