Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Administradora de Fondos de Pensiones Cuprum S.A CLP 112, price CLP 90, upside +24.2%, quality 79 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 12.34 CLP – 191.35 CLP · fair‑value band 79.23 CLP – 152.44 CLP · the 90.00 CLP price screens below the 111.82 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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Administradora de Fondos de Pensiones Cuprum S.A. is a publicly owned investment manager. The firm manages mutual funds and equity for its clients. It invests in domestic and foreign stock and bonds. It was founded in 1981 and is based in Santiago, Chile. Administradora de Fondos de Pensiones Cuprum S.A. operates as a subsidiary of Principal Chile Ltda.
Stock analysis
Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) currently trades at 90.00 CLP, while our model-based Fair Value estimate is 111.82 CLP, implying the stock looks roughly 19.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 119.53 CLP per share, and 6 of the 11 models we run sit above the 90.00 CLP price.
Bear case: the Asset-Based group reads lowest at 34.22 CLP, and 5 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 79.23 CLP (bear) to 152.44 CLP (bull), the price of 90.00 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 79/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Administradora de Fondos de Pensiones Cuprum S.A reported revenue of 227B CLP in FY2025 versus 149B CLP in FY2021, a compound +11.0%/yr. Reported net income was 105B CLP in FY2025, compounding +17.7%/yr from FY2021.
Key figures
Market cap 1.3T CLP (≈ $1.3B) · P/S ratio 5.88 · Net margin 46.1% · Return on equity 16.4% · Return on assets (EBIT) 10.5% · Operating margin 51.4% · Revenue (TTM) 227B CLP · Revenue growth (YoY) +34.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 24%, CUPRUM screens cheaper than that median.
Fair Value models
Bear 79.23 CLPFair Value 111.82 CLPBull 152.44 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.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.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.2%
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.
+12.7%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +5.4% 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.
+4.8%
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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. 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.
+13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)0.0%
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.39% → 58%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+0.8%
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 −2.2% a year for the price.
Compare Administradora de Fondos de Pensiones Cuprum S.A with another stock
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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.Asset Management · 659 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+24% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)46% · Above median
Operating margin (TTM)51% · Above median
Growth and dividend
Revenue growth34% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Administradora de Fondos de Pensiones Cuprum S.A Fair Value". https://www.fairvalue-calculator.com/stock/CUPRUM
Frequently asked questions
Is Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 111.82 CLP versus a price of 90.00 CLP, about +24% upside (undervalued).
What is the fair value of CUPRUM?
Our model-based fair value for Administradora de Fondos de Pensiones Cuprum S.A is 111.82 CLP (as of Sep 24, 2026), built from audited fundamentals. The current price: 90.00 CLP.
What is the quality score of CUPRUM?
Administradora de Fondos de Pensiones Cuprum S.A has a Quality Score of 79/100. 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Our model-based price target is the fair value of 111.82 CLP (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 79.23 CLP, optimistic scenario 152.44 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Administradora de Fondos de Pensiones Cuprum S.A stock forecast for 2026?
Our models put fair value at 111.82 CLP, about +24% upside versus a price of 90.00 CLP (undervalued). Cautious scenario 79.23 CLP, optimistic scenario 152.44 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Administradora de Fondos de Pensiones Cuprum S.A reported trailing-twelve-month revenue of about 227B CLP (latest available figure, as of Sep 24, 2026).
What growth is priced into Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
For today's price to be fair in a discounted-cash-flow model, Administradora de Fondos de Pensiones Cuprum S.A would have to grow free cash flow by +0.8 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CUPRUM use?
Our models discount Administradora de Fondos de Pensiones Cuprum S.A at 10.6 %: a base by market capitalisation (small), damped by beta 0.26, 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 Administradora de Fondos de Pensiones Cuprum S.A that is +0.8 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) delivered so far?
Over the past 5 years revenue at Administradora de Fondos de Pensiones Cuprum S.A grew +10.5 % a year. The price currently implies +0.8 % 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Administradora de Fondos de Pensiones Cuprum S.A (+0.8 % 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The free-cash-flow yield on the price is 8.27 %: that much free cash flow Administradora de Fondos de Pensiones Cuprum S.A produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Administradora de Fondos de Pensiones Cuprum S.A it is 111.82 CLP per share (as of Sep 24, 2026), against a price of 90.00 CLP. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Administradora de Fondos de Pensiones Cuprum S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CUPRUM trades below its calculated fair value: price 90.00 CLP, fair value 111.82 CLP, a gap of about +24% (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 CUPRUM?
No. The price is what the market pays today (90.00 CLP); the fair value is what the company's own numbers justify (111.82 CLP). For Administradora de Fondos de Pensiones Cuprum S.A the two are 21.82 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Administradora de Fondos de Pensiones Cuprum S.A worth?
The market values Administradora de Fondos de Pensiones Cuprum S.A at about 1.3T CLP (market capitalisation, as of Sep 24, 2026). Per share that is 90.00 CLP; our models calculate a fair value of 111.82 CLP per share.
What do the bullish and bearish scenarios say about CUPRUM?
Our models span a range for Administradora de Fondos de Pensiones Cuprum S.A: cautious scenario 79.23 CLP, base 111.82 CLP, optimistic 152.44 CLP per share (as of Sep 24, 2026, price 90.00 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Balance-sheet figures for Administradora de Fondos de Pensiones Cuprum S.A (as of Sep 24, 2026): return on equity 16.4%. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is CUPRUM from its 52-week high?
Administradora de Fondos de Pensiones Cuprum S.A trades at 90.00 CLP, about 53% below its 52-week high of 191.35 CLP and 10% above the low of 81.78 CLP (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 111.82 CLP is for.
Which stocks are comparable to Administradora de Fondos de Pensiones Cuprum S.A?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Administradora de Fondos de Pensiones Cuprum S.A stock attractive at the current price?
The data as of Sep 24, 2026: price 90.00 CLP, calculated fair value 111.82 CLP (+24%), Quality Score 79/100, from 11 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 CUPRUM calculated?
We run Administradora de Fondos de Pensiones Cuprum S.A through 11 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 111.82 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. Administradora de Fondos de Pensiones Cuprum S.A currently trades 24 % 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The closing price on Sep 23, 2026 was 90.00 CLP. Our model-based fair value is 111.82 CLP, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Administradora de Fondos de Pensiones Cuprum S.A right now?
A fairly wide model range (79.23 CLP to 152.44 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Administradora de Fondos de Pensiones Cuprum S.A
How large is the market capitalisation of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The market capitalisation of Administradora de Fondos de Pensiones Cuprum S.A is 1.3T CLP (≈ $1.3B). 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The price-to-sales ratio of Administradora de Fondos de Pensiones Cuprum S.A is 5.88 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The net margin of Administradora de Fondos de Pensiones Cuprum S.A is 46.1% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The return on equity (ROE) of Administradora de Fondos de Pensiones Cuprum S.A is 16.4% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
On an EBIT basis the return on assets of Administradora de Fondos de Pensiones Cuprum S.A is 10.5% (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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
The operating margin of Administradora de Fondos de Pensiones Cuprum S.A is 51.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Revenue at Administradora de Fondos de Pensiones Cuprum S.A is growing +34.2% versus a year earlier (3y avg +12.7%). 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 Administradora de Fondos de Pensiones Cuprum S.A (CUPRUM)?
Earnings per share at Administradora de Fondos de Pensiones Cuprum S.A are growing +88.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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