Plaza S.A (MALLPLAZA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Plaza S.A stock CLP 4,854, price CLP 3,202, upside +51.6%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 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 7, 2026.
How to read this chart
60‑month range 599.12 CLP – 4,615 CLP · fair‑value band 2,454 CLP – 9,140 CLP · the 3,202 CLP price screens below the 4,854 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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.
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The company was founded in 1990 and is headquartered in Santiago, Chile. Plaza SA operates as a subsidiary of Desarrollos Inmobiliarios S.A.
Stock analysis
Plaza S.A (MALLPLAZA) currently trades at 3,202 CLP, while our model-based Fair Value estimate is 4,854 CLP, implying the stock looks roughly 34% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 6,100 CLP per share, and 9 of the 15 models we run sit above the 3,202 CLP price.
Bear case: the Dividend Discount group reads lowest at 732.49 CLP, and 6 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2,454 CLP (bear) to 9,140 CLP (bull), the price of 3,202 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 65/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 7.0T CLP (≈ $7.2B) Mid · P/E ratio 5.4 · P/S ratio 11.8 · EPS (TTM) 591.90 CLP · Dividend yield 2.2% · Return on equity 29.5% · Return on assets (EBIT) 6.1% (5-year average) · Operating margin 81.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 52%, MALLPLAZA screens cheaper than that median.
Fair Value models
Bear2,454 CLPFair Value 4,854 CLPBull9,140 CLP
Price 3,202 CLP · Upside +51.6%
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 (447.55 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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+32.2%
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.
+19.4%
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.
+28.4%
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.
+11.2%
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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.
≈ +96.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +94.0%
Dividend (yield on the price)2.2%
Profit margin 2017 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.63% → 80%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 23.8 per share, median 57.0 in 2017 to 2018). It measures the recovery from the trough, not lasting growth.
⚠ Approximate: the rate leans on 2025, which sits 326% 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).
+10.0%
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.
+8.5%
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 +6.7% a year for the price and +5.3% for the forecasts.
AI conclusion: Regional expansion strengthens the real estate portfolio through added leasable space and growth, while one-off accounting items and absent innovation data weaken the quality assessment.
Main risk: Execution risks across three different markets could disrupt the regional expansion and affect revenue and EBITDA growth.
Mallplaza just completed the acquisition of eight Gran Plaza centers in Colombia, adding 180,000 square meters of leasable space and lifting the country's share of total GLA to 18 percent. Third-quarter results showed solid revenue and EBITDA growth alongside record margins, even after an earthquake hit one site. Our models see the shares as undervalued. Does the faster pace of regional expansion outweigh the execution risks across three different markets?
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 · 472 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+51.6% · Above median
Profitability
Return on equity (12 months)29.5% · Top 25%
Return on assets18.9% · Top 25%
Net margin (12 months)185.7% · Top 25%
Operating margin (12 months)81.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.5% · Above median
Dividend yield (12 months)2.2% · Below median
Balance sheet
Debt / equity0.32× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B1.56× · Priciest 25%
P/S (12 months)10.19× · Priciest 25%
Price / free cash flow (fiscal year)16.1× · Pricier than median
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). "Plaza S.A Fair Value". https://www.fairvalue-calculator.com/stock/MALLPLAZA
Frequently asked questions
Is Plaza S.A (MALLPLAZA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 4,854 CLP versus a price of 3,202 CLP, about +52% upside (undervalued).
What is the fair value of MALLPLAZA?
Our model-based fair value for Plaza S.A is 4,854 CLP (as of Nov 7, 2026), built from audited fundamentals. The current price: 3,202 CLP.
What is the quality score of MALLPLAZA?
Plaza S.A has a Quality Score of 65/100. 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 Plaza S.A (MALLPLAZA)?
Our model-based price target is the fair value of 4,854 CLP (as of Nov 7, 2026) from 15 valuation models. Cautious scenario 2,454 CLP, optimistic scenario 9,140 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Plaza S.A stock forecast for 2026?
Our models put fair value at 4,854 CLP, about +52% upside versus a price of 3,202 CLP (undervalued). Cautious scenario 2,454 CLP, optimistic scenario 9,140 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Plaza S.A (MALLPLAZA)?
Plaza S.A reported trailing-twelve-month revenue of about 688B CLP (latest available figure, as of Nov 7, 2026).
Does Plaza S.A pay a dividend?
Plaza S.A currently shows a dividend yield of 2.19% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Plaza S.A (MALLPLAZA) and when is the ex-dividend date?
Plaza S.A pays a dividend of 70.00 CLP per share a year, a dividend yield of 2.2%. The last ex-dividend date was Sep 10, 2026. The payout ratio is 53.7% of earnings (on adjusted earnings, reported 11.8%). Free cash flow covers the dividend 2.84 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Plaza S.A (MALLPLAZA)?
For today's price to be fair in a discounted-cash-flow model, Plaza S.A would have to grow free cash flow by +10.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of MALLPLAZA use?
Our models discount Plaza S.A at 10.2 %: a base by market capitalisation (mid), damped by beta 0.85, 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 Plaza S.A that is +10.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Plaza S.A (MALLPLAZA) delivered so far?
Over the past 5 years revenue at Plaza S.A grew +28.4 % a year. The price currently implies free-cash-flow growth of +10.0 % per 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 Plaza S.A (MALLPLAZA) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Plaza S.A (+10.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Plaza S.A (MALLPLAZA)?
The free-cash-flow yield on the price is 6.21 %: that much free cash flow Plaza S.A produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Plaza S.A (MALLPLAZA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Plaza S.A it is 4,854 CLP per share (as of Nov 7, 2026), against a price of 3,202 CLP. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Plaza S.A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MALLPLAZA trades below its calculated fair value: price 3,202 CLP, fair value 4,854 CLP, a gap of about +52% (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 MALLPLAZA?
No. The price is what the market pays today (3,202 CLP); the fair value is what the company's own numbers justify (4,854 CLP). For Plaza S.A the two are 1,651 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Plaza S.A worth?
The market values Plaza S.A at about 7.0T CLP (market capitalisation, as of Nov 7, 2026). Per share that is 3,202 CLP; our models calculate a fair value of 4,854 CLP per share.
What do the bullish and bearish scenarios say about MALLPLAZA?
Our models span a range for Plaza S.A: cautious scenario 2,454 CLP, base 4,854 CLP, optimistic 9,140 CLP per share (as of Nov 7, 2026, price 3,202 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MALLPLAZA?
Plaza S.A trades at a price-to-earnings ratio of 5.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,854 CLP is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 22.2 (reported for FY2025: 4.9). Other multiples: P/B 1.6, P/S 10.2, EV/EBITDA 14.9.
How solid is the balance sheet of Plaza S.A (MALLPLAZA)?
Balance-sheet figures for Plaza S.A (as of Nov 7, 2026): return on equity 29.5%, debt of 0.32 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is MALLPLAZA from its 52-week high?
Plaza S.A trades at 3,202 CLP, about 31% below its 52-week high of 4,615 CLP and 14% above the low of 2,819 CLP (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4,854 CLP is for.
Which stocks are comparable to Plaza S.A?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Plaza S.A stock attractive at the current price?
The data as of Nov 7, 2026: price 3,202 CLP, calculated fair value 4,854 CLP (+52%), Quality Score 65/100, from 15 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 MALLPLAZA calculated?
We run Plaza S.A through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 4,854 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 13.3% above its aggregate fair value. Plaza S.A currently trades 34% 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 Plaza S.A (MALLPLAZA)?
The closing price on Nov 6, 2026 was 3,202 CLP. Our model-based fair value is 4,854 CLP, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Plaza S.A right now?
The model range is unusually wide (2,454 CLP to 9,140 CLP). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (65/100) 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.
Key figures of Plaza S.A
How large is the market capitalisation of Plaza S.A (MALLPLAZA)?
The market capitalisation of Plaza S.A is 7.0T CLP (≈ $7.2B). 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 Plaza S.A (MALLPLAZA)?
The price-to-sales ratio of Plaza S.A is 11.8 (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 Plaza S.A (MALLPLAZA)?
Earnings per share at Plaza S.A are 591.90 CLP (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Plaza S.A (MALLPLAZA)?
The dividend yield of Plaza S.A is 2.2% (payout 53.7%, on adjusted earnings, reported 11.8%). 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 return on equity of Plaza S.A (MALLPLAZA)?
The return on equity (ROE) of Plaza S.A is 29.5% (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 Plaza S.A (MALLPLAZA)?
On an EBIT basis the return on assets of Plaza S.A is 6.1% (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 Plaza S.A (MALLPLAZA)?
The operating margin of Plaza S.A is 81.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Plaza S.A (MALLPLAZA)?
Revenue at Plaza S.A is growing +6.5% versus a year earlier (3y avg +19.4%). 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 Plaza S.A (MALLPLAZA)?
Earnings per share at Plaza S.A are growing +24.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Plaza S.A (MALLPLAZA) carry?
The net debt of Plaza S.A is 1.3T CLP (fiscal year 2025, ≈ 3.0 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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Broad data
Nov 7, 2026