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Masisa S.A (MASISA) Fair Value & Analysis

Basic Materials · CL · Market cap 82.0B CLP (≈ $90.2M) · ISIN CL0000000183

What is Masisa S.A really worth?

MS Masisa S.A MASISA · SN
Price8.02 CLP
Fair Value9.14 CLP
Upside+14.0%
Quality55/100

A solid business, trading 12% below our fair value of 9.14 CLP.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −13.9 %/yr)
!Loss-making · -13.2% net margin
!Trails peers (4/12)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: Low Range 9.14 CLP – 9.14 CLP

Fair value as of: Aug 13, 2026

From 11 valuation models · updated 21 days ago

Fair value updated Aug 13, 2026, revised from 9.31 CLP to 9.14 CLP (−1.8%) since Jul 19, 2026. Share price −2.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (9.14 CLP). The market is more pessimistic than our downside scenario.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

32.12 CLP 6.65 CLP Fair Value 9.14 CLP May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 6.65 CLP – 32.12 CLP · the 8.02 CLP price screens below the 9.14 CLP fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Masisa S.A (MASISA) currently trades at 8.02 CLP, while our model-based Fair Value estimate is 9.14 CLP, implying the stock looks roughly 12.3% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector. Bull case: the Dividend Discount group reads highest at a median of 36.56 CLP per share, and 10 of the 10 models we run sit above the 8.02 CLP price. Bear case: the DCF Models group reads lowest at 9.14 CLP, and 0 of the 10 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Masisa S.A generated revenue of 266M CLP at a net margin of −13.2%. Revenue declined 7.9% year over year. It earns a return on equity of −11.1%. Net debt stands at 107M CLP. Fundamentals as of Aug 13, 2026

The share trades about 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 14%, MASISA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 9.14 CLP 9.14 CLP 18.28 CLP 79
Growth DCF 9.14 CLP 9.14 CLP 18.28 CLP 77
5Y EBITDA Exit 9.14 CLP 72
All 11 models by family
DCF Models
FCF DCF best evidence 9.14 CLP 9.14 CLP 18.28 CLP 79
5Y Revenue Exit 9.14 CLP 9.14 CLP 18.28 CLP 71
5Y EBITDA Exit 9.14 CLP 72
10Y Revenue Exit 9.14 CLP 9.14 CLP 9.14 CLP 68
10Y EBITDA Exit 9.14 CLP 9.14 CLP 67
Dividend Discount
Gordon GGM 27.42 CLP 36.56 CLP 36.56 CLP 69
DDM Multi-Stage 27.42 CLP 36.56 CLP 54.84 CLP 66
Multiples
EV/Revenue 9.14 CLP 9.14 CLP 18.28 CLP 51
Asset-Based
NCAV (Graham) 18.28 CLP 27.42 CLP 36.56 CLP 54
Growth DCF
Growth DCF 9.14 CLP 9.14 CLP 18.28 CLP 77
Rev-Margin DCF 9.14 CLP 9.14 CLP 18.28 CLP 71

Widest divergence: Dividend Discount (36.56 CLP) versus DCF Models (9.14 CLP). Highest evidence: FCF DCF (79).

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Key figures & financial health

EPS (TTM) −130,003 CLP
Dividend yield 0.0%
Net margin −10.6% FY2025
Return on equity −11.1% TTM
Return on assets (EBIT) 3.2% avg 5y
Operating margin −11.6% TTM
More key figures
Growth
Revenue (TTM) 266M CLP TTM
Revenue growth (YoY) −7.9% 3y avg −18.5%
EPS growth (YoY) −90.9%
Balance sheet & cash flow
Free cash flow 10.6M CLP FY2025
Net debt 107M CLP FY2025 · ≈ 10.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 21

Profitability 9
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Masisa S.A. manufactures and sells wooden boards for furniture solutions and interior spaces in Chile, the United States, Peru, Colombia, Ecuador, Canada, China, Asia, Mexico, and internationally.

Full company description

Masisa S.A. manufactures and sells wooden boards for furniture solutions and interior spaces in Chile, the United States, Peru, Colombia, Ecuador, Canada, China, Asia, Mexico, and internationally. It offers panels; medium density fiberboards (MDF); medium density particleboards; particle boards; one-layer boards; melamine boards; MDF moldings; sawn timber; finger joint moldings; edge banding; melamine, ripped, veneered and painted interior and exterior coverings; hardware complementary for the development and construction of furniture; and other value-added products. The company also exports its products. It serves the construction industry. The company was formerly known as Terranova SA and changed its name to Masisa S.A. in 2005. Masisa S.A. was founded in 1960 and is based in Santiago, Chile. Masisa S.A. operates as a subsidiary of GN Holding S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Masisa S.A reported revenue of $271M in FY2025 versus $448M in FY2021, a compound −11.8%/yr. Reported net income was −$28.8M in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
271M CLP
Latest YoY
−7.8%
Avg. revenue 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.
−18.5%
Avg. revenue 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.
−13.9%
Avg. revenue growth/yr (11Y) 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.
−14.6%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −11.8%/yr
FY21 $448M
FY22 $501M
FY23 $298M
FY24 $295M
FY25 $271M
Net income
FY21 $23.2M
FY22 −$167M
FY23 −$52.4M
FY24 −$23.3M
FY25 −$28.8M

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

Peer Group

Lumber & Wood Production · 80 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 55 · Above median
Fair Value upside +14% · Above median
Return on assets −3% · Below median
Net margin (TTM) −13% · Bottom 25%
Operating margin (TTM) −12% · Below median
Revenue growth −8% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.30× · Cheaper than median
P/S (TTM) 0.34× · Cheaper than median
P/FCF 8.5× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE52 · sector 7
FUTURE0 · sector 0
PAST0 · sector 4
HEALTH89 · sector 91
DIVIDEND1 · sector 45

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

Similar stocks

10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $182.07 $145.26 −20%
West Fraser Timber Co WFG C$92.39 C$33.38 −64%
UFP Industries, Inc UFPI $88.29 $107.07 +21%
Stella-Jones Inc SJ C$75.22 C$92.56 +23%
Boise Cascade Company BCC $84.25 $51.39 −39%
Century Plyboards (India) Limited CENTURYPLY ₹751.05 ₹201.01 −73%
DeHua TB New Decoration Material Co 002043 ¥12.58 ¥14.78 +17%
Canfor Corporation CFP C$14.77 C$4.54 −69%
Interfor Corporation IFP C$13.69 C$6.43 −53%
Kangxin New Materials Co 600076 ¥3.11 ¥0.6700 −78%

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Frequently asked questions

Is Masisa S.A (MASISA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 9.14 CLP versus a price of 8.02 CLP, about +14% upside (undervalued).
What is the fair value of MASISA?
Our model-based fair value for Masisa S.A is 9.14 CLP (as of Aug 13, 2026), built from audited fundamentals. The current price: 8.02 CLP.
What is the quality score of MASISA?
Masisa S.A has a Quality Score of 55/100. 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 Masisa S.A (MASISA)?
Masisa S.A reported trailing-twelve-month revenue of about 266M CLP (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MASISA?
The net profit margin of Masisa S.A is about −13.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Masisa S.A pay a dividend?
Masisa S.A currently shows a dividend yield of about 0.03% relative to its recent price (as of Aug 13, 2026).
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