Zona Franca de Iquique S.A (ZOFRI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zona Franca de Iquique S.A stock CLP 819, price CLP 1,030, that is 20.4% below the price, quality 82 out of 100. Rating: overvalued. Calculated from audited financials with 16 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 8, 2026.
How to read this chart
60‑month range 189.65 CLP – 1,088 CLP · fair‑value band 530.16 CLP – 1,078 CLP · the 1,030 CLP price screens above the 819.47 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Zona Franca de Iquique in your weekly email
Every Wednesday you see whether Zona Franca de Iquique 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.
Zona Franca de Iquique S.A., together with its subsidiaries, operates premises for wholesale and retail business centers in the duty-free zones of South America. It operates distribution center for domestic and international goods; logistics center; and mall, commercial area, and industrial parks.
Show moreShow less
The company was incorporated in 1990 and is based in Iquique, Chile.
Stock analysis
Zona Franca de Iquique S.A (ZOFRI) currently trades at 1,030 CLP, while our model-based Fair Value estimate is 819.47 CLP, 20% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 1,538 CLP per share, and 8 of the 16 models we run sit above the 1,030 CLP price.
Bear case: the Asset-Based group reads lowest at 176.69 CLP, and 8 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 530.16 CLP (bear) to 1,078 CLP (bull), the price of 1,030 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 82/100 (high quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zona Franca de Iquique S.A reported revenue of 57.0B CLP in FY2025 versus 38.9B CLP in FY2021, a compound +10.0%/yr. Reported net income was 20.0B CLP in FY2025, compounding +5.6%/yr from FY2021.
Key figures
Market cap 227B CLP (≈ $233M) Micro · P/E ratio 12.4 · P/S ratio 4.11 · EPS (TTM) 83.23 CLP · Dividend yield 3.5% · Net margin 33.2% · Return on equity 28.0% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 8% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −20%, ZOFRI screens richer than that median.
Fair Value models
Bear530.16 CLPFair Value 819.47 CLPBull1,078 CLP
Price 1,030 CLP · Downside -20.4%
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 (40.34 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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.9%
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.
+9.8%
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.
+14.7%
Start year 2020 (pandemic). Over 10 years: +6.2% 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.
+6.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.8%
Dividend (yield on the price)3.5%
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.27% → 30%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+17.0%
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 +13.6% a year for the price.
Compare Zona Franca de Iquique S.A with another stock
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.Real Estate Services · 472 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside−20.4% · Below median
Profitability
Return on equity (12 months)28.0% · Top 25%
Return on assets14.8% · Top 25%
Net margin (12 months)33.2% · Above median
Operating margin (12 months)18.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)3.8% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.22× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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). "Zona Franca de Iquique S.A Fair Value". https://www.fairvalue-calculator.com/stock/ZOFRI
Frequently asked questions
Is Zona Franca de Iquique S.A (ZOFRI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 819.47 CLP versus a price of 1,030 CLP, about 20% lower (overvalued).
What is the fair value of ZOFRI?
Our model-based fair value for Zona Franca de Iquique S.A is 819.47 CLP (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,030 CLP.
What is the quality score of ZOFRI?
Zona Franca de Iquique S.A has a Quality Score of 82/100. 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 Zona Franca de Iquique S.A (ZOFRI)?
Our model-based price target is the fair value of 819.47 CLP (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 530.16 CLP, optimistic scenario 1,078 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Zona Franca de Iquique S.A stock forecast for 2026?
Our models put fair value at 819.47 CLP, about 20% lower versus a price of 1,030 CLP (overvalued). Cautious scenario 530.16 CLP, optimistic scenario 1,078 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Zona Franca de Iquique S.A (ZOFRI)?
Zona Franca de Iquique S.A reported trailing-twelve-month revenue of about 55.3B CLP (latest available figure, as of Nov 8, 2026).
Does Zona Franca de Iquique S.A pay a dividend?
Zona Franca de Iquique S.A currently shows a dividend yield of 3.51% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Zona Franca de Iquique S.A (ZOFRI) and when is the ex-dividend date?
Zona Franca de Iquique S.A pays a dividend of 36.19 CLP per share a year, a dividend yield of 3.5%. The next ex-dividend date is Nov 23, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 43.5% of earnings. Free cash flow covers the dividend 1.20 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 Zona Franca de Iquique S.A (ZOFRI)?
For today's price to be fair in a discounted-cash-flow model, Zona Franca de Iquique S.A would have to grow free cash flow by +17.0 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ZOFRI use?
Our models discount Zona Franca de Iquique S.A at 12.1 %: a base by market capitalisation (micro), damped by beta 0.24, 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 Zona Franca de Iquique S.A that is +17.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Zona Franca de Iquique S.A (ZOFRI) delivered so far?
Over the past 5 years revenue at Zona Franca de Iquique S.A grew +14.7 % a year. The price currently implies free-cash-flow growth of +17.0 % 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 Zona Franca de Iquique S.A (ZOFRI) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Zona Franca de Iquique S.A (+17.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zona Franca de Iquique S.A (ZOFRI)?
The free-cash-flow yield on the price is 4.20 %: that much free cash flow Zona Franca de Iquique S.A produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zona Franca de Iquique S.A (ZOFRI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zona Franca de Iquique S.A it is 819.47 CLP per share (as of Nov 8, 2026), against a price of 1,030 CLP. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Zona Franca de Iquique S.A stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ZOFRI trades above its calculated fair value: price 1,030 CLP, fair value 819.47 CLP, a gap of about −20% (overvalued). 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 ZOFRI?
No. The price is what the market pays today (1,030 CLP); the fair value is what the company's own numbers justify (819.47 CLP). For Zona Franca de Iquique S.A the two are 210.63 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Zona Franca de Iquique S.A worth?
The market values Zona Franca de Iquique S.A at about 227B CLP (market capitalisation, as of Nov 8, 2026). Per share that is 1,030 CLP; our models calculate a fair value of 819.47 CLP per share.
What do the bullish and bearish scenarios say about ZOFRI?
Our models span a range for Zona Franca de Iquique S.A: cautious scenario 530.16 CLP, base 819.47 CLP, optimistic 1,078 CLP per share (as of Nov 8, 2026, price 1,030 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZOFRI?
Zona Franca de Iquique S.A trades at a price-to-earnings ratio of 12.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 819.47 CLP is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 10.4. Other multiples: P/B 3.9, P/S 4.1, EV/EBITDA 10.2.
How solid is the balance sheet of Zona Franca de Iquique S.A (ZOFRI)?
Balance-sheet figures for Zona Franca de Iquique S.A (as of Nov 8, 2026): return on equity 28.0%, debt of 0.22 per unit of equity. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is ZOFRI from its 52-week high?
Zona Franca de Iquique S.A trades at 1,030 CLP, about 5% below its 52-week high of 1,088 CLP and 8% above the low of 958.03 CLP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 819.47 CLP is for.
Which stocks are comparable to Zona Franca de Iquique S.A?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Zona Franca de Iquique S.A stock attractive at the current price?
The data as of Nov 8, 2026: price 1,030 CLP, calculated fair value 819.47 CLP (−20%), Quality Score 82/100, from 16 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 ZOFRI calculated?
We run Zona Franca de Iquique S.A through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 819.47 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. Zona Franca de Iquique S.A itself currently trades above fair value. 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 Zona Franca de Iquique S.A (ZOFRI)?
The closing price on Nov 6, 2026 was 1,030 CLP. Our model-based fair value is 819.47 CLP, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zona Franca de Iquique S.A right now?
A high-quality business (quality 82/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (530.16 CLP to 1,078 CLP) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Zona Franca de Iquique S.A
How large is the market capitalisation of Zona Franca de Iquique S.A (ZOFRI)?
The market capitalisation of Zona Franca de Iquique S.A is 227B CLP (≈ $233M). 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 Zona Franca de Iquique S.A (ZOFRI)?
The price-to-sales ratio of Zona Franca de Iquique S.A is 4.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zona Franca de Iquique S.A (ZOFRI)?
Earnings per share at Zona Franca de Iquique S.A are 83.23 CLP (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zona Franca de Iquique S.A (ZOFRI)?
The dividend yield of Zona Franca de Iquique S.A is 3.5% (payout 43.5%). 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 Zona Franca de Iquique S.A (ZOFRI)?
The net margin of Zona Franca de Iquique S.A is 33.2% (last twelve months). 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 Zona Franca de Iquique S.A (ZOFRI)?
The return on equity (ROE) of Zona Franca de Iquique S.A is 28.0% (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 Zona Franca de Iquique S.A (ZOFRI)?
On an EBIT basis the return on assets of Zona Franca de Iquique S.A is 11.2% (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 Zona Franca de Iquique S.A (ZOFRI)?
The operating margin of Zona Franca de Iquique S.A is 18.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zona Franca de Iquique S.A (ZOFRI)?
Revenue at Zona Franca de Iquique S.A is growing +3.8% versus a year earlier (3y avg +9.8%). 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 Zona Franca de Iquique S.A (ZOFRI)?
Earnings per share at Zona Franca de Iquique S.A are growing −17.4% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Zona Franca de Iquique S.A in the live analysis
One click puts Zona Franca de Iquique S.A on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026