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Empresas Copec S.A (COPEC) Fair Value & Analysis

Industrials · CL · Market cap 7.8T CLP

EC Empresas Copec S.A COPEC · SN
Price6,115 CLP
Fair Value10,879 CLP
Upside+77.9%
Quality47/100
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Expensive Growth
Thin margins · 3.1% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: High Range 8,157 CLP – 13,591 CLP Share as image

Fair value as of: Jul 26, 2026

From 7 valuation models · updated 16 days ago

Fair value updated Jul 26, 2026, revised from 10,535 CLP to 10,879 CLP (+3.3%) since Jun 26, 2026. Share price +1.4% over the past month.

Below-average quality, screening 78% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (8,157 CLP). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

7,660 CLP 4,457 CLP Fair Value 10,879 CLP Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range 4,457 CLP – 7,660 CLP · fair‑value band 8,157 CLP – 13,591 CLP · the 6,115 CLP price screens below the 10,879 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Empresas Copec S.A (COPEC) currently trades at 6,115 CLP, while our model-based Fair Value estimate is 10,879 CLP, implying the stock looks roughly 77.9% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Empresas Copec S.A generated revenue of 30.1B CLP at a net margin of 3.1%. Revenue grew 6.0% year over year. It earns a return on equity of 7.1%. Net debt stands at 8.3B CLP. Fundamentals as of Jul 26, 2026

Our scenario range runs from 8,157 CLP (bear case) to 13,591 CLP (bull case); at 6,115 CLP, the current price sits below 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 22% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at 78%, COPEC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income 8,228 CLP 8,633 CLP 9,001 CLP 76
Gordon GGM 4,952 CLP 10,188 CLP 18,196 CLP 70
P/E Multiple 9,774 CLP 13,042 CLP 16,300 CLP 63
All 7 models by family
Earnings-Based
Graham-Dodd 4,224 CLP 10,879 CLP 14,164 CLP 54
Dividend Discount
Gordon GGM 4,952 CLP 10,188 CLP 18,196 CLP 70
DDM Multi-Stage 4,952 CLP 7,722 CLP 10,851 CLP 61
Multiples
P/E Multiple 9,774 CLP 13,042 CLP 16,300 CLP 63
P/B Multiple 7,915 CLP 10,557 CLP 13,189 CLP 55
Asset-Based
NCAV (Graham) 5,071 CLP 6,792 CLP 10,142 CLP 50
Economic Profit
Residual Income 8,228 CLP 8,633 CLP 9,001 CLP 76

Widest divergence: Earnings-Based (10,879 CLP) versus Asset-Based (6,792 CLP). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 30.1B CLP
Revenue growth (YoY) +6.0%
Net margin 3.1%
Return on equity 7.1%
Free cash flow −194M CLP FY2025
P/E ratio 9.8
More key figures
Operating margin 6.4%
EPS (TTM) 613.22 CLP
EPS growth (YoY) +30.5%
Net debt 8.3B CLP FY2025

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 46

Profitability 35
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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.

About the company

Empresas Copec S.A., together with its subsidiaries, operates in the natural resources and energy sectors in Chile and internationally. 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.

Full company description

Empresas Copec S.A., together with its subsidiaries, operates in the natural resources and energy sectors in Chile and internationally. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Empresas Copec S.A reported revenue of 29.6B CLP in FY2025 versus 24.8B CLP in FY2021, a compound +4.6%/yr. Reported net income was 877M CLP in FY2025, compounding −16.2%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
29.6B CLP
Latest YoY
+3.1%
Avg. 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.
−1.2%
Avg. 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.
+10.4%
Avg. growth/yr (19Y) 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.
+7.0%
Revenue +4.6%/yr
FY21 24.8B CLP
FY22 30.8B CLP
FY23 28.5B CLP
FY24 28.7B CLP
FY25 29.6B CLP
Net income −16.2%/yr
FY21 1.8B CLP
FY22 1.5B CLP
FY23 349M CLP
FY24 1.1B CLP
FY25 877M CLP
Character of growth · EPS growth decomposed (2011-2022) +5.5 % p.a.
Revenue per share +0.8 pp

of which total revenue +0.8 pp · buybacks/dilution +0.0 pp

EBIT margin +2.3 pp
Tax rate +0.4 pp
Residual (interest, one-offs) +1.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Empresas Copec S.A Fair Value". https://www.fairvalue-calculator.com/stock/COPEC

Peer Group

Conglomerates · 369 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 47 · Below median
Fair Value upside +78% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.65× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than median
P/B 0.60× · Cheaper than median
P/S (TTM) 0.29× · Cheaper than median
EV/EBITDA 8.6× · Pricier than median
PEG 3.22× · Pricier than 75% of peers

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.

VALUE 100 · sector 20
FUTURE 30 · sector 16
PAST 28 · sector 20
HEALTH 68 · sector 88
DIVIDEND 0 · sector 39

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Empresas Copec S.A (COPEC) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of 10,879 CLP versus a price of 6,115 CLP, about +78% (undervalued).
What is the fair value of COPEC?
Our model-based fair value for Empresas Copec S.A is 10,879 CLP (as of Jul 26, 2026), built from audited fundamentals. The current price is 6,115 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 revenue of Empresas Copec S.A (COPEC)?
Empresas Copec S.A reported trailing-twelve-month revenue of about 30.1B CLP (latest available figure, as of Jul 26, 2026).
What is the net profit margin of COPEC?
The net profit margin of Empresas Copec S.A is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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