Empresas Copec S.A. (COPEC) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Empresas Copec S.A. stock CLP 11,533, price CLP 6,384, upside +80.7%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 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 4,457 CLP – 7,660 CLP · fair‑value band 8,527 CLP – 15,329 CLP · the 6,384 CLP price screens below the 11,533 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Empresas Copec S.A., together with its subsidiaries, operates in the natural resources and energy sectors in Chile and internationally.
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The company operates through Celulosa Arauco y Constitución S.A., Copec S.A., Abastible S.A., Sociedad Nacional de Oleoductos S.A., and Pesquera Iquique-Guanaye S.A. segments.
It offers electric charging services, renewable energy, and energy storage and efficiency solutions; and operates service stations and convenience stores.
The company also distributes liquid fuels, lubricants, liquefied gas, and natural gas; produces and sells kraft pulps, panels, and sawn timbers for the paper, construction, packaging, and furniture industries; transports gasoline, kerosene and diesel, and liquefied petroleum gas; and produces fishmeal, fish oil, and canned and frozen mussels.
In addition, it engages in the forestry, fishing, and mining businesses; sale of beans, rice, chickpeas, and lentils under the San José brand; distribution of general mills' products and processed avocado pears; investment in electromobility and start-ups involving energy, mobility, convenience, and other projects; and electricity generation and distribution from renewable energies.
It exports its products to Asia and America. The company was incorporated in 1934 and is based in Santiago, Chile. Empresas Copec S.A. is a subsidiary of AntarChile S.A.
Stock analysis
Empresas Copec S.A. (COPEC) currently trades at 6,384 CLP, while our model-based Fair Value estimate is 11,533 CLP, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 12,296 CLP per share, and 7 of the 7 models we run sit above the 6,384 CLP price.
Bear case: the Asset-Based group reads lowest at 6,646 CLP, and 0 of the 7 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8,527 CLP (bear) to 15,329 CLP (bull), the price of 6,384 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 47/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Empresas Copec S.A. reported revenue of $29.6B in FY2025 versus $24.8B in FY2021, a compound +4.6%/yr. Reported net income was $877M in FY2025, compounding −16.2%/yr from FY2021.
Key figures
Market cap 8.3T CLP (≈ $8.6B) Mid · P/E ratio 10.3 · P/S ratio 0.31 · EPS (TTM) 617.07 CLP · Dividend yield 0.0% · Net margin 3.0% · Return on equity 9.0% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at 81%, COPEC screens cheaper than that median.
Fair Value models
Bear8,527 CLPFair Value 11,533 CLPBull15,329 CLP
Price 6,384 CLP · Upside +80.7%
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 (530.74 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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.1%
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.
−1.2%
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.
+10.4%
Start year 2020 (pandemic). Over 10 years: +5.0% a year
Revenue growth 19 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.
+7.0%
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What shareholders gained per year (last 5 years) ⓘ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.
≈ +35.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +35.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 35.7% / 4.7%
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.4% → 4%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.15 per share, median 0.46 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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.Conglomerates · 304 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+80.7% · Top 25%
Profitability
Return on equity (12 months)9.0% · Above median
Return on assets2.6% · Below median
Net margin (12 months)3.7% · Below median
Operating margin (12 months)4.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)25.2% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Is Empresas Copec S.A. (COPEC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 11,533 CLP versus a price of 6,384 CLP, about +81% upside (undervalued).
What is the fair value of COPEC?
Our model-based fair value for Empresas Copec S.A. is 11,533 CLP (as of Nov 8, 2026), built from audited fundamentals. The current price: 6,384 CLP.
What is the quality score of COPEC?
Empresas Copec S.A. has a Quality Score of 47/100. 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 Empresas Copec S.A. (COPEC)?
Our model-based price target is the fair value of 11,533 CLP (as of Nov 8, 2026) from 7 valuation models. Cautious scenario 8,527 CLP, optimistic scenario 15,329 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Empresas Copec S.A. stock forecast for 2026?
Our models put fair value at 11,533 CLP, about +81% upside versus a price of 6,384 CLP (undervalued). Cautious scenario 8,527 CLP, optimistic scenario 15,329 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Empresas Copec S.A. (COPEC)?
Empresas Copec S.A. reported trailing-twelve-month revenue of about $34.0B (latest available figure, as of Nov 8, 2026).
Does Empresas Copec S.A. pay a dividend?
Empresas Copec S.A. currently shows a dividend yield of 0.00% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Empresas Copec S.A. (COPEC) and when is the ex-dividend date?
Empresas Copec S.A. pays a dividend of 0.127 CLP per share a year, a dividend yield of 0.0%. The last ex-dividend date was May 8, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 0.0% of earnings. Our assessment: Token dividend. At a yield of 0.0% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.0% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Empresas Copec S.A. (COPEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Empresas Copec S.A. it is 11,533 CLP per share (as of Nov 8, 2026), against a price of 6,384 CLP. It is the blended result of 7 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Empresas Copec S.A. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, COPEC trades below its calculated fair value: price 6,384 CLP, fair value 11,533 CLP, a gap of about +81% (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 COPEC?
No. The price is what the market pays today (6,384 CLP); the fair value is what the company's own numbers justify (11,533 CLP). For Empresas Copec S.A. the two are 5,149 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Empresas Copec S.A. worth?
The market values Empresas Copec S.A. at about 8.3T CLP (market capitalisation, as of Nov 8, 2026). Per share that is 6,384 CLP; our models calculate a fair value of 11,533 CLP per share.
What do the bullish and bearish scenarios say about COPEC?
Our models span a range for Empresas Copec S.A.: cautious scenario 8,527 CLP, base 11,533 CLP, optimistic 15,329 CLP per share (as of Nov 8, 2026, price 6,384 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of COPEC?
Empresas Copec S.A. trades at a price-to-earnings ratio of 10.3 (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 11,533 CLP is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 18.4. Other multiples: PEG 3.2, P/B 0.6, P/S 0.3, EV/EBITDA 5.6.
What is the PEG ratio of COPEC?
The PEG ratio of Empresas Copec S.A. is 3.22 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Empresas Copec S.A. (COPEC)?
Balance-sheet figures for Empresas Copec S.A. (as of Nov 8, 2026): return on equity 9.0%, debt of 0.65 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is COPEC from its 52-week high?
Empresas Copec S.A. trades at 6,384 CLP, about 17% below its 52-week high of 7,660 CLP and 11% above the low of 5,751 CLP (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 11,533 CLP is for.
Which stocks are comparable to Empresas Copec S.A.?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Empresas Copec S.A. stock attractive at the current price?
The data as of Nov 8, 2026: price 6,384 CLP, calculated fair value 11,533 CLP (+81%), Quality Score 47/100, from 7 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 COPEC calculated?
We run Empresas Copec S.A. through 7 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 11,533 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 13.7% above its aggregate fair value. Empresas Copec S.A. currently trades 45% 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 Empresas Copec S.A. (COPEC)?
The closing price on Nov 9, 2026 was 6,384 CLP. Our model-based fair value is 11,533 CLP, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Empresas Copec S.A. right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8,527 CLP). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Empresas Copec S.A. (COPEC) come from?
Earnings per share at Empresas Copec S.A. grew +5.5 % a year from 2011 to 2022. Broken into its drivers: revenue per share +0.8 %, EBIT margin +2.3 %, tax rate +0.4 %, residual (interest, one-offs) +1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Empresas Copec S.A.
How large is the market capitalisation of Empresas Copec S.A. (COPEC)?
The market capitalisation of Empresas Copec S.A. is 8.3T CLP (≈ $8.6B). 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 Empresas Copec S.A. (COPEC)?
The price-to-sales ratio of Empresas Copec S.A. is 0.31 (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 Empresas Copec S.A. (COPEC)?
Earnings per share at Empresas Copec S.A. are 617.07 CLP (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Empresas Copec S.A. (COPEC)?
The dividend yield of Empresas Copec S.A. is 0.0% (payout 0.0%). 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 Empresas Copec S.A. (COPEC)?
The net margin of Empresas Copec S.A. is 3.0% (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 Empresas Copec S.A. (COPEC)?
The return on equity (ROE) of Empresas Copec S.A. is 9.0% (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 Empresas Copec S.A. (COPEC)?
On an EBIT basis the return on assets of Empresas Copec S.A. is 5.8% (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 Empresas Copec S.A. (COPEC)?
The operating margin of Empresas Copec S.A. is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Empresas Copec S.A. (COPEC)?
Revenue at Empresas Copec S.A. is growing +25.2% versus a year earlier (3y avg −1.2%). 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 Empresas Copec S.A. (COPEC)?
Earnings per share at Empresas Copec S.A. are growing +45.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Empresas Copec S.A. (COPEC) generate?
The free cash flow of Empresas Copec S.A. is −$194M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Empresas Copec S.A. (COPEC) carry?
The net debt of Empresas Copec S.A. is $8.3B (fiscal year 2025). 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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Some data
Nov 8, 2026