Cencosud Shopping SA (CENCOMALLS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Cencosud Shopping SA CLP 3,617, price CLP 2,296, upside +57.6%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 611.26 CLP – 2,800 CLP · fair‑value band 2,022 CLP – 8,011 CLP · the 2,296 CLP price screens below the 3,617 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Cencosud Shopping S.A. operates shopping centers in Chile, Peru, and Colombia. The company operates spaces for hotels, parking, and corporates, as well as retail use. The company was formerly known as Costanera Center SA and changed its name to Cencosud Shopping S.A. in October 2018. The company was incorporated in 2005 and is based in Santiago, Chile.
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Cencosud Shopping S.A. operates shopping centers in Chile, Peru, and Colombia. The company operates spaces for hotels, parking, and corporates, as well as retail use. The company was formerly known as Costanera Center SA and changed its name to Cencosud Shopping S.A. in October 2018. The company was incorporated in 2005 and is based in Santiago, Chile. Cencosud Shopping S.A. operates as a subsidiary of Cencosud S.A.
Stock analysis
Cencosud Shopping SA (CENCOMALLS) currently trades at 2,296 CLP, while our model-based Fair Value estimate is 3,617 CLP, implying the stock looks roughly 36.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 4,118 CLP per share, and 8 of the 13 models we run sit above the 2,296 CLP price.
Bear case: the Asset-Based group reads lowest at 1,174 CLP, and 5 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: 2,022 CLP (bear) to 8,011 CLP (bull), the price of 2,296 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 73/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cencosud Shopping SA reported revenue of 378B CLP in FY2025 versus 215B CLP in FY2021, a compound +15.1%/yr. Reported net income was 304B CLP in FY2025, compounding +39.2%/yr from FY2021.
Key figures
Market cap 3.9T CLP (≈ $3.9B) · P/E ratio 11.6 · P/S ratio 9.35 · EPS (TTM) 197.56 CLP · Dividend yield 3.3% · Net margin 80.4% · Return on equity 11.3% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 58%, CENCOMALLS screens cheaper than that median.
Fair Value models
Bear 2,022 CLPFair Value 3,617 CLPBull 8,011 CLP
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (89.65 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.Evidence ⓘEvidence = 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.0%
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.
+9.6%
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.
+21.6%
Start year 2020 (pandemic)
Revenue growth 8 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.
+26.5%
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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. Basis: EBIT basis. 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.
≈ +24.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.9%
Dividend (yield on the price)3.3%
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.86% → 90%
⚠ Rate on operating basis: 2025 sits 62% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Chile: IMF forecast 3.0% a year to 2030, 4.5% from 2016 to 2025) that is about +2.5% a year for the price and +3.6% for the forecasts.
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.Real Estate Services · 546 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+85% · Top 25%
Profitability
Return on equity (TTM)11% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)88% · Top 25%
Operating margin (TTM)89% · Top 25%
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)3.3% · Above median
Balance sheet
Debt / equity0.25× · 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). "Cencosud Shopping SA Fair Value". https://www.fairvalue-calculator.com/stock/CENCOMALLS
Frequently asked questions
Is Cencosud Shopping SA (CENCOMALLS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,617 CLP versus a price of 2,296 CLP, about +58% upside (undervalued).
What is the fair value of CENCOMALLS?
Our model-based fair value for Cencosud Shopping SA is 3,617 CLP (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,296 CLP.
What is the quality score of CENCOMALLS?
Cencosud Shopping SA has a Quality Score of 73/100. 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 Cencosud Shopping SA (CENCOMALLS)?
Our model-based price target is the fair value of 3,617 CLP (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 2,022 CLP, optimistic scenario 8,011 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Cencosud Shopping SA stock forecast for 2026?
Our models put fair value at 3,617 CLP, about +58% upside versus a price of 2,296 CLP (undervalued). Cautious scenario 2,022 CLP, optimistic scenario 8,011 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Cencosud Shopping SA (CENCOMALLS)?
Cencosud Shopping SA reported trailing-twelve-month revenue of about 382B CLP (latest available figure, as of Sep 24, 2026).
Does Cencosud Shopping SA pay a dividend?
Cencosud Shopping SA currently shows a dividend yield of about 3.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Cencosud Shopping SA (CENCOMALLS)?
For today's price to be fair in a discounted-cash-flow model, Cencosud Shopping SA would have to grow free cash flow by +5.6 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CENCOMALLS use?
Our models discount Cencosud Shopping SA at 9.3 %: a base by market capitalisation (mid), damped by beta 0.51, 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 Cencosud Shopping SA that is +5.6 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Cencosud Shopping SA (CENCOMALLS) delivered so far?
Over the past 5 years revenue at Cencosud Shopping SA grew +21.6 % a year. The price currently implies +5.6 % per year free-cash-flow growth a 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 Cencosud Shopping SA (CENCOMALLS) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Cencosud Shopping SA (+5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cencosud Shopping SA (CENCOMALLS)?
The free-cash-flow yield on the price is 6.91 %: that much free cash flow Cencosud Shopping SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cencosud Shopping SA (CENCOMALLS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cencosud Shopping SA it is 3,617 CLP per share (as of Sep 24, 2026), against a price of 2,296 CLP. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Cencosud Shopping SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CENCOMALLS trades below its calculated fair value: price 2,296 CLP, fair value 3,617 CLP, a gap of about +58% (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 CENCOMALLS?
No. The price is what the market pays today (2,296 CLP); the fair value is what the company's own numbers justify (3,617 CLP). For Cencosud Shopping SA the two are 1,321 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Cencosud Shopping SA worth?
The market values Cencosud Shopping SA at about 3.9T CLP (market capitalisation, as of Sep 24, 2026). Per share that is 2,296 CLP; our models calculate a fair value of 3,617 CLP per share.
What do the bullish and bearish scenarios say about CENCOMALLS?
Our models span a range for Cencosud Shopping SA: cautious scenario 2,022 CLP, base 3,617 CLP, optimistic 8,011 CLP per share (as of Sep 24, 2026, price 2,296 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CENCOMALLS?
Cencosud Shopping SA trades at a price-to-earnings ratio of 11.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,617 CLP is built from several models across several years. Other multiples: P/B 1.3, P/S 10.2, EV/EBITDA 13.6.
How solid is the balance sheet of Cencosud Shopping SA (CENCOMALLS)?
Balance-sheet figures for Cencosud Shopping SA (as of Sep 24, 2026): return on equity 11.3%, debt of 0.25 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is CENCOMALLS from its 52-week high?
Cencosud Shopping SA trades at 2,296 CLP, about 18% below its 52-week high of 2,800 CLP and 16% above the low of 1,985 CLP (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,617 CLP is for.
Which stocks are comparable to Cencosud Shopping SA?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Cencosud Shopping SA stock attractive at the current price?
The data as of Sep 24, 2026: price 2,296 CLP, calculated fair value 3,617 CLP (+58%), Quality Score 73/100, 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 CENCOMALLS calculated?
We run Cencosud Shopping SA through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,617 CLP, 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 14.1 % above its aggregate fair value. Cencosud Shopping SA currently trades 58 % 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 Cencosud Shopping SA (CENCOMALLS)?
The closing price on Sep 23, 2026 was 2,296 CLP. Our model-based fair value is 3,617 CLP, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cencosud Shopping SA right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (2,022 CLP to 8,011 CLP). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Cencosud Shopping SA
How large is the market capitalisation of Cencosud Shopping SA (CENCOMALLS)?
The market capitalisation of Cencosud Shopping SA is 3.9T CLP (≈ $3.9B). 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 Cencosud Shopping SA (CENCOMALLS)?
The price-to-sales ratio of Cencosud Shopping SA is 9.35 (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 Cencosud Shopping SA (CENCOMALLS)?
Earnings per share at Cencosud Shopping SA are 197.56 CLP (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cencosud Shopping SA (CENCOMALLS)?
The dividend yield of Cencosud Shopping SA is 3.3% (payout 38.0%). 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 Cencosud Shopping SA (CENCOMALLS)?
The net margin of Cencosud Shopping SA is 80.4% (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 Cencosud Shopping SA (CENCOMALLS)?
The return on equity (ROE) of Cencosud Shopping SA is 11.3% (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 Cencosud Shopping SA (CENCOMALLS)?
On an EBIT basis the return on assets of Cencosud Shopping SA is 6.6% (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 Cencosud Shopping SA (CENCOMALLS)?
The operating margin of Cencosud Shopping SA is 89.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cencosud Shopping SA (CENCOMALLS)?
Revenue at Cencosud Shopping SA is growing +4.8% versus a year earlier (3y avg +9.6%). 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 Cencosud Shopping SA (CENCOMALLS)?
Earnings per share at Cencosud Shopping SA are growing +54.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cencosud Shopping SA (CENCOMALLS) carry?
The net debt of Cencosud Shopping SA is 718B CLP (fiscal year 2025, ≈ 2.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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