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Plaza S.A (MALLPLAZA) Fair Value & Analysis

Real Estate · CL · Market cap 8.2T CLP

PS Plaza S.A MALLPLAZA · SN
Price4,073 CLP
Fair Value5,571 CLP
Upside+36.8%
Quality66/100
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Mixed Growth
Low debt · generates free cash flow
1.82% dividend yield
Ranks above peers (10/12)
Wide moat 77/100
Evidence: High Range 2,761 CLP – 10,730 CLP Share as image

Fair value as of: Jul 27, 2026

From 15 valuation models · updated 14 days ago

Share price +4.6% over the past month.

A solid business, screening 37% undervalued on our models.

What matters now

  • The model range is unusually wide (2,761 CLP to 10,730 CLP). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

4,650 CLP 603.66 CLP Fair Value 5,571 CLP Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range 603.66 CLP – 4,650 CLP · fair‑value band 2,761 CLP – 10,730 CLP · the 4,073 CLP price screens below the 5,571 CLP fair value. Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Plaza S.A (MALLPLAZA) currently trades at 4,073 CLP, while our model-based Fair Value estimate is 5,571 CLP, implying the stock looks roughly 36.8% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Real Estate 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.

Trailing-twelve-month revenue stands at 663B CLP. Revenue grew 6.0% year over year. It earns a return on equity of 37.2%. Net debt stands at 1.3T CLP. Fundamentals as of Jul 27, 2026

Our scenario range runs from 2,761 CLP (bear case) to 10,730 CLP (bull case); at 4,073 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 13% below its 52-week high and 108% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -9% fair-value upside, at 37%, MALLPLAZA 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 BearBaseBull Evidence
Highest evidence
Growth DCF 2,518 CLP 5,933 CLP 12,526 CLP 80
Residual Income 5,488 CLP 8,618 CLP 115,083 CLP 76
Gordon GGM 476.56 CLP 1,040 CLP 1,751 CLP 70
All 15 models by family
DCF Models
FCF DCF 2,630 CLP 5,184 CLP 12,293 CLP 38
5Y Revenue Exit 1,439 CLP 3,004 CLP 5,514 CLP 39
5Y EBITDA Exit 2,699 CLP 5,804 CLP 10,547 CLP 41
10Y Revenue Exit 1,720 CLP 3,578 CLP 6,174 CLP 36
10Y EBITDA Exit 2,676 CLP 5,900 CLP 11,574 CLP 37
Dividend Discount
Gordon GGM 476.56 CLP 1,040 CLP 1,751 CLP 70
DDM Multi-Stage 476.56 CLP 852.26 CLP 1,084 CLP 61
Multiples
P/S Multiple 1,456 CLP 1,941 CLP 2,426 CLP 58
P/B Multiple 3,070 CLP 4,094 CLP 5,117 CLP 55
EV/EBIT 3,393 CLP 4,704 CLP 6,015 CLP 53
EV/EBITDA 2,819 CLP 3,939 CLP 5,059 CLP 54
EV/Revenue 922.52 CLP 1,550 CLP 2,177 CLP 43
Asset-Based
NCAV (Graham) 1,023 CLP 1,371 CLP 2,047 CLP 50
Growth DCF
Growth DCF 2,518 CLP 5,933 CLP 12,526 CLP 80
Economic Profit
Residual Income 5,488 CLP 8,618 CLP 115,083 CLP 76

Widest divergence: Economic Profit (8,618 CLP) versus Dividend Discount (852.26 CLP). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 663B CLP
Revenue growth (YoY) +6.0%
Net margin 218%
Return on equity 37.2%
Free cash flow 435B CLP FY2025
P/E ratio 5.6
More key figures
Operating margin 78.3%
EPS (TTM) 665.86 CLP
Dividend yield 1.8%
EPS growth (YoY) +20.5%
Net debt 1.3T CLP FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 71

Profitability 63
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 62
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

Plaza S.A. develops, builds, administers, manages, exploits, leases, and sublets premises and spaces in shopping centers in Chile, Colombia, and Peru. The company operates shopping centers. It also operates its shopping centers under the Mall Plaza, Autoplaza, and Motorplaza brands. The company was founded in 1990 and is headquartered in Santiago, Chile.

Full company description

Plaza S.A. develops, builds, administers, manages, exploits, leases, and sublets premises and spaces in shopping centers in Chile, Colombia, and Peru. The company operates shopping centers. It also operates its shopping centers under the Mall Plaza, Autoplaza, and Motorplaza brands. The company was founded in 1990 and is headquartered in Santiago, Chile. Plaza SA operates as a subsidiary of Desarrollos Inmobiliarios S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Plaza S.A reported revenue of 654B CLP in FY2025 versus 277B CLP in FY2021, a compound +24.0%/yr. Reported net income was 1.4T CLP in FY2025, compounding +135.5%/yr from FY2021.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
654B CLP
Latest YoY
+32.2%
Avg. growth/yr (3Y)
+19.4%
Avg. growth/yr (5Y)
+28.4%
Avg. growth/yr (8Y)
+11.2%
Revenue +24.0%/yr
FY21 277B CLP
FY22 384B CLP
FY23 420B CLP
FY24 495B CLP
FY25 654B CLP
Net income +135.5%/yr
FY21 46.6B CLP
FY22 66.4B CLP
FY23 350B CLP
FY24 336B CLP
FY25 1.4T CLP

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

Peer Group

Real Estate Services · 521 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 65 · Top 25%
Fair Value upside +37% · Above median
Return on equity (TTM) 37% · Top 25%
Return on assets 5% · Top 25%
Operating margin (TTM) 78% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 5.6× · Cheaper than 75% of peers
P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.3× · Cheaper 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 82 · sector 37
FUTURE 30 · sector 10
PAST 100 · sector 16
HEALTH 84 · sector 85
DIVIDEND 36 · sector 49

Insider activity: 45/100

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.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Plaza S.A (MALLPLAZA) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of 5,571 CLP versus a price of 4,073 CLP, about +37% (undervalued).
What is the fair value of MALLPLAZA?
Our model-based fair value for Plaza S.A is 5,571 CLP (as of Jul 27, 2026), built from audited fundamentals. The current price is 4,073 CLP.
What is the quality score of MALLPLAZA?
Plaza S.A has a Quality Score of 66/100. 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 Plaza S.A (MALLPLAZA)?
Plaza S.A reported trailing-twelve-month revenue of about 663B CLP (latest available figure, as of Jul 27, 2026).
Does Plaza S.A pay a dividend?
Plaza S.A currently shows a dividend yield of about 1.82% relative to its recent price (as of Jul 27, 2026).

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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