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Maritima de Inversiones SA (MARINSA) Fair Value & Analysis

Industrials · CL · Market cap 274B CLP

MD Maritima de Inversiones SA MARINSA · SN
Price94.00 CLP
Fair Value150.40 CLP
Upside+60.0%
Quality68/100
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Healthy Growth
Low debt · generates free cash flow
4.70% dividend yield
Ranks above peers (10/11)
Moderate moat 60/100
Evidence: High Range 112.80 CLP – 188.00 CLP Share as image

Fair value as of: Jul 17, 2026

From 19 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 163.66 CLP to 150.40 CLP (−8.1%) since Jun 24, 2026. Share price −1.1% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (112.80 CLP). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) 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)

98.73 CLP 6.83 CLP Fair Value 150.40 CLP Jun 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 6.83 CLP – 98.73 CLP · fair‑value band 112.80 CLP – 188.00 CLP · the 94.00 CLP price screens below the 150.40 CLP fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Maritima de Inversiones SA (MARINSA) currently trades at 94.00 CLP, while our model-based Fair Value estimate is 150.40 CLP, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 68/100 (solid 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.

Trailing-twelve-month revenue stands at 4.0B CLP. Revenue grew 60.5% year over year. It earns a return on equity of 11.1%. Net debt stands at 15.1B CLP. Fundamentals as of Jul 17, 2026

Our scenario range runs from 112.80 CLP (bear case) to 188.00 CLP (bull case); at 94.00 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 6% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 60%, MARINSA 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
Growth DCF 237.64 CLP 487.01 CLP 905.81 CLP 80
Residual Income 92.07 CLP 97.40 CLP 106.10 CLP 76
ROIC Compounder 14.69 CLP 15.94 CLP 17.05 CLP 72
All 19 models by family
DCF Models
FCF DCF 251.67 CLP 401.13 CLP 889.80 CLP 38
5Y Revenue Exit 72.75 CLP 85.51 CLP 109.30 CLP 39
5Y P/E Exit 166.27 CLP 338.74 CLP 569.79 CLP 38
10Y Revenue Exit 123.62 CLP 181.05 CLP 191.81 CLP 36
10Y P/E Exit 193.50 CLP 387.19 CLP 696.34 CLP 35
Earnings-Based
Graham-Dodd 52.99 CLP 369.58 CLP 518.65 CLP 54
Lynch FV 190.94 CLP 272.77 CLP 354.60 CLP 50
PEG = 1.0 190.94 CLP 272.77 CLP 354.60 CLP 46
EPV 14.69 CLP 15.94 CLP 17.05 CLP 59
Multiples
P/E Multiple 122.75 CLP 163.66 CLP 204.58 CLP 63
P/S Multiple 1.88 CLP 2.50 CLP 3.13 CLP 58
P/B Multiple 99.37 CLP 132.49 CLP 165.61 CLP 55
EV/EBIT 19.03 CLP 22.82 CLP 26.62 CLP 53
EV/Revenue 9.21 CLP 9.89 CLP 10.57 CLP 43
Asset-Based
NCAV (Graham) 55.96 CLP 74.98 CLP 111.92 CLP 50
Growth DCF
Growth DCF 237.64 CLP 487.01 CLP 905.81 CLP 80
Economic Profit
Residual Income 92.07 CLP 97.40 CLP 106.10 CLP 76
ROIC Compounder 14.69 CLP 15.94 CLP 17.05 CLP 72
Growth Earnings
Growth-Adj P/E 249.75 CLP 356.78 CLP 463.82 CLP 68

Widest divergence: Growth DCF (487.01 CLP) versus Economic Profit (15.94 CLP). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.0B CLP
Revenue growth (YoY) +60.5%
Net margin 868%
Return on equity 11.1%
Free cash flow 38.5B CLP FY2025
P/E ratio 7.8
More key figures
Operating margin 74.2%
EPS (TTM) 12.44 CLP
Dividend yield 4.7%
EPS growth (YoY) -49.1%
Net debt 15.1B CLP FY2021

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 66

Profitability 37
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 58
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

Maritima de Inversiones SA is a publicly owned investment manager. The firm manages equity and mutual funds. It invests in term deposits, mutual Funds and stocks. The company was founded on March 19, 1982 and is based in Santiago, Chile.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Maritima de Inversiones SA reported revenue of 3.5B CLP in FY2025 versus 73.0M CLP in FY2021, a compound +163.6%/yr. Reported net income was 21.9B CLP in FY2025, compounding −36.9%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.5B CLP
Latest YoY
+3.7%
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.
+89.5%
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.
+309.3%
Avg. growth/yr (8Y) 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.
+63.2%
Revenue +163.6%/yr
FY21 73.0M CLP
FY22 518M CLP
FY23 2.8B CLP
FY24 3.4B CLP
FY25 3.5B CLP
Net income −36.9%/yr
FY21 138B CLP
FY22 49.6B CLP
FY23 52.7B CLP
FY24 73.1B CLP
FY25 21.9B CLP

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Cite: Fair Value Calculator (2026). "Maritima de Inversiones SA Fair Value". https://www.fairvalue-calculator.com/stock/MARINSA

Peer Group

Integrated Freight & Logistics · 218 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 68 · Top 25%
Fair Value upside +60% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 1% · Bottom 25%
Operating margin (TTM) 74% · Top 25%
Revenue growth 61% · Top 25%
Dividend yield (TTM) 4.7% · Top 25%

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 0.0× · 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 100 · sector 46
FUTURE 100 · sector 8
PAST 45 · sector 26
HEALTH 100 · sector 94
DIVIDEND 94 · sector 56

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Maritima de Inversiones SA (MARINSA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 150.40 CLP versus a price of 94.00 CLP, about +60% (undervalued).
What is the fair value of MARINSA?
Our model-based fair value for Maritima de Inversiones SA is 150.40 CLP (as of Jul 17, 2026), built from audited fundamentals. The current price is 94.00 CLP.
What is the quality score of MARINSA?
Maritima de Inversiones SA has a Quality Score of 68/100. 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 Maritima de Inversiones SA (MARINSA)?
Maritima de Inversiones SA reported trailing-twelve-month revenue of about 4.0B CLP (latest available figure, as of Jul 17, 2026).
Does Maritima de Inversiones SA pay a dividend?
Maritima de Inversiones SA currently shows a dividend yield of about 4.70% relative to its recent price (as of Jul 17, 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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