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Aguas Andinas S.A (AGUAS-A) Fair Value & Analysis

Utilities · CL · Market cap 2.0T CLP (≈ $2.2B) · ISIN CL0000000035

What is Aguas Andinas S.A really worth?

AA Aguas Andinas S.A AGUAS-A · SN
Price332.00 CLP
Fair Value320.89 CLP
Upside−3.4%
Quality52/100

A solid business, currently priced close to our fair value of 320.89 CLP.

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Strengths

Highly profitable · 20.8% net margin
Moderate debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 74/100

Risks

!Expensive Growth (revenue 5y +8.3 %/yr)
!Evidence only low, so the estimate is less certain
!Weak on valuation: 29 out of 100

For context

·5.16% dividend yield
Evidence: Low Range 207.02 CLP – 477.80 CLP

Fair value as of: Sep 5, 2026

From 23 valuation models · updated today

Share price −2.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (207.02 CLP to 477.80 CLP) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

385.48 CLP 100.32 CLP Fair Value 320.89 CLP May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 100.32 CLP – 385.48 CLP · fair‑value band 207.02 CLP – 477.80 CLP · the 332.00 CLP price screens above the 320.89 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Aguas Andinas S.A (AGUAS-A) currently trades at 332.00 CLP, while our model-based Fair Value estimate is 320.89 CLP, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of 408.11 CLP per share, and 11 of the 23 models we run sit above the 332.00 CLP price. Bear case: the Earnings-Based group reads lowest at 130.16 CLP, and 12 of the 23 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Aguas Andinas S.A generated revenue of 726B CLP at a net margin of 20.8%. Revenue grew 6.6% year over year. It earns a return on equity of 11.1%. Net debt stands at 1.1T CLP. Fundamentals as of Sep 5, 2026

Our scenario range runs from 207.02 CLP (bear case) to 477.80 CLP (bull case); at 332.00 CLP, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at 12% fair-value upside, at −3%, AGUAS-A screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 5.26 CLP per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF 176.90 CLP 370.44 CLP 671.79 CLP 76
Growth DCF 186.37 CLP 362.67 CLP 623.01 CLP 75
EPV 240.78 CLP 315.00 CLP 380.97 CLP 74
All 23 models by family
DCF Models
FCF DCF 176.90 CLP 370.44 CLP 671.79 CLP 76
5Y Revenue Exit 75.89 CLP 200.14 CLP 353.85 CLP 69
5Y EBITDA Exit 198.91 CLP 425.37 CLP 684.12 CLP 73
5Y P/E Exit 131.19 CLP 301.38 CLP 475.02 CLP 68
10Y Revenue Exit 101.75 CLP 223.59 CLP 377.81 CLP 64
10Y EBITDA Exit 187.96 CLP 381.75 CLP 630.67 CLP 66
10Y P/E Exit 144.17 CLP 294.68 CLP 470.58 CLP 62
Earnings-Based
Graham-Dodd 163.60 CLP 454.49 CLP 597.21 CLP 65
Lynch FV 91.11 CLP 130.16 CLP 169.21 CLP 61
PEG = 1.0 91.11 CLP 130.16 CLP 169.21 CLP 57
EPV 240.78 CLP 315.00 CLP 380.97 CLP 74
Multiples
P/E Multiple 324.80 CLP 433.06 CLP 541.33 CLP 63
P/S Multiple 229.99 CLP 306.65 CLP 383.31 CLP 58
P/B Multiple 306.75 CLP 409.00 CLP 511.25 CLP 55
EV/EBIT 345.92 CLP 521.16 CLP 696.39 CLP 65
EV/EBITDA 261.14 CLP 408.11 CLP 555.08 CLP 66
EV/Revenue 34.88 CLP 126.87 CLP 218.87 CLP 49
Asset-Based
NCAV (Graham) 113.83 CLP 152.53 CLP 227.66 CLP 54
Growth DCF
Growth DCF 186.37 CLP 362.67 CLP 623.01 CLP 75
Rev-Margin DCF 75.89 CLP 203.69 CLP 347.44 CLP 69
Economic Profit
Residual Income 206.36 CLP 236.11 CLP 431.67 CLP 73
ROIC Compounder 243.99 CLP 357.15 CLP 501.50 CLP 71
Growth Earnings
Growth-Adj P/E 262.49 CLP 374.99 CLP 487.49 CLP 67

Widest divergence: Multiples (408.11 CLP) versus Earnings-Based (130.16 CLP). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 13.4 as of Jun 18, 2026
P/S ratio 2.63 P/E × margin
EPS (TTM) 24.88 CLP price ÷ EPS = P/E 13.4
Dividend yield 5.2% payout 68.9%
Net margin 19.6% FY2025
Return on equity 11.1% TTM
More key figures
Profitability
Return on assets (EBIT) 9.3% avg 5y
Operating margin 47.5% TTM
Growth
Revenue (TTM) 726B CLP TTM
Revenue growth (YoY) +6.6% 3y avg +7.4%
EPS growth (YoY) +29.0%
Balance sheet & cash flow
Free cash flow 178B CLP FY2025
Net debt 1.1T CLP FY2025 · ≈ 6.1 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 55

Profitability 41
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Aguas Andinas S.A., together with its subsidiaries, constructs and operates as a water utility company in Chile. It engages in the catchment of raw water; production, transportation, and distribution of water; and the collection, treatment, and disposal of sewage.

Full company description

Aguas Andinas S.A., together with its subsidiaries, constructs and operates as a water utility company in Chile. It engages in the catchment of raw water; production, transportation, and distribution of water; and the collection, treatment, and disposal of sewage. The company provides integral advisory and management services in sewage and liquid waste; sells equipment and nonconventional renewable energies; develops energy projects relating to sanitation companies; and offers laboratory sampling and environmental analysis services. It delivers potable water, sewerage, and wastewater treatment services to approximately two million residential, commercial, and industrial clients. The company was formerly known as Empresa Metropolitana de Obras Sanitarias and changed its name to Aguas Andinas S.A. in 2001. Aguas Andinas S.A. was founded in 1861 and is based in Santiago, Chile. The company operates as a subsidiary of Inversiones Aguas Metropolitanas S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aguas Andinas S.A reported revenue of 713B CLP in FY2025 versus 506B CLP in FY2021, a compound +8.9%/yr. Reported net income was 140B CLP in FY2025, compounding +8.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
713B CLP
Latest YoY
+7.5%
Avg. revenue growth/yr (3Y) 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.
+7.4%
Avg. revenue growth/yr (5Y) 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.
+8.3%
Avg. revenue growth/yr (11Y) 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.
+4.5%
Value creation/yr (5Y, in CLP) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+12.0% · in CLP
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.8%
Dividend yield5.2%
Operating margin (EBIT) 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.35.1% (2020) → 38.1% (2025) · rising
Worst earnings drop30% (2020) · in CLP
Revenue +8.9%/yr
FY21 506B CLP
FY22 575B CLP
FY23 641B CLP
FY24 663B CLP
FY25 713B CLP
Net income +8.6%/yr
FY21 101B CLP
FY22 85.2B CLP
FY23 133B CLP
FY24 124B CLP
FY25 140B CLP

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Cite: Fair Value Calculator (2026). "Aguas Andinas S.A Fair Value". https://www.fairvalue-calculator.com/stock/AGUAS-A

Peer Group

Utilities - Regulated Water · 64 stocks

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.

Quality Score 52 · Above median
Fair Value upside −3% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 21% · Above median
Operating margin (TTM) 47% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.92× · Higher than median

Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper

P/E (TTM) 13.4× · Cheaper than median
P/B 1.54× · Pricier than median
P/S (TTM) 2.82× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 8.8× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE29 · sector 0
FUTURE33 · sector 28
PAST44 · sector 31
HEALTH54 · sector 65
DIVIDEND100 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
American Water Works Company AWK $138.30 $65.80 −52%
SBS SBS $4.82 $8.13 +69%
Essential Utilities, Inc WTRG $41.10 $21.81 −47%
Guangdong Investment Limited 0270 HK$8.15 HK$12.82 +57%
Grandblue Environment Co 600323 ¥29.61 ¥33.29 +12%
American States Water Company AWR $89.88 $47.94 −47%
Chengdu Xingrong Environment Co 000598 ¥7.35 ¥9.09 +24%
California Water Service Group CWT $50.48 $33.56 −34%
Chongqing Water Group 601158 ¥4.14 ¥2.77 −33%
Beijing Enterprises Water Group 0371 HK$1.74 HK$3.00 +73%

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Frequently asked questions

Is Aguas Andinas S.A (AGUAS-A) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 320.89 CLP versus a price of 332.00 CLP, about −3% upside (fairly valued).
What is the fair value of AGUAS-A?
Our model-based fair value for Aguas Andinas S.A is 320.89 CLP (as of Sep 5, 2026), built from audited fundamentals. The current price: 332.00 CLP.
What is the quality score of AGUAS-A?
Aguas Andinas S.A has a Quality Score of 52/100. 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 revenue of Aguas Andinas S.A (AGUAS-A)?
Aguas Andinas S.A reported trailing-twelve-month revenue of about 726B CLP (latest available figure, as of Sep 5, 2026).
What is the net profit margin of AGUAS-A?
The net profit margin of Aguas Andinas S.A is about 20.8%, meaning it keeps roughly 20.8% of revenue as net income. Based on the latest reported figures.
Does Aguas Andinas S.A pay a dividend?
Aguas Andinas S.A currently shows a dividend yield of about 5.16% relative to its recent price (as of Sep 5, 2026).
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