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SMU S.A (SMU) Fair Value & Analysis

Consumer Cyclical · CL · Market cap 756B CLP

SS SMU S.A SMU · SN
Price128.90 CLP
Fair Value241.40 CLP
Upside+87.3%
Quality56/100
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Mixed Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
5.81% dividend yield
Ranks above peers (12/14)
Narrow moat 27/100
Evidence: High Range 164.90 CLP – 301.75 CLP Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price −2.9% over the past month.

A solid business, screening 87% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (164.90 CLP). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (164.90 CLP to 301.75 CLP) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

178.58 CLP 46.57 CLP Fair Value 241.40 CLP Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 46.57 CLP – 178.58 CLP · fair‑value band 164.90 CLP – 301.75 CLP · the 128.90 CLP price screens below the 241.40 CLP fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

SMU S.A (SMU) currently trades at 128.90 CLP, while our model-based Fair Value estimate is 241.40 CLP, implying the stock looks roughly 87.3% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical 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.

Over the trailing twelve months, SMU S.A generated revenue of 2.8T CLP at a net margin of 2.1%. Revenue grew 2.1% year over year. It earns a return on equity of 7.2%. Net debt stands at 377B CLP. Fundamentals as of Jul 21, 2026

Our scenario range runs from 164.90 CLP (bear case) to 301.75 CLP (bull case); at 128.90 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 22% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at 87%, SMU 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 312.95 CLP 425.69 CLP 614.23 CLP 80
Residual Income 120.26 CLP 128.91 CLP 148.66 CLP 76
Rev-Margin DCF 209.88 CLP 288.21 CLP 381.98 CLP 74
All 22 models by family
DCF Models
FCF DCF 301.04 CLP 416.86 CLP 623.60 CLP 38
Owner Earnings 85.95 CLP 114.77 CLP 166.22 CLP 31
5Y Revenue Exit 209.88 CLP 283.14 CLP 382.82 CLP 39
5Y EBITDA Exit 279.19 CLP 402.30 CLP 555.12 CLP 41
5Y P/E Exit 217.99 CLP 297.08 CLP 385.32 CLP 38
10Y Revenue Exit 236.51 CLP 307.21 CLP 387.35 CLP 36
10Y EBITDA Exit 284.73 CLP 388.18 CLP 506.91 CLP 37
10Y P/E Exit 246.12 CLP 316.68 CLP 389.08 CLP 35
Earnings-Based
Graham-Dodd 74.62 CLP 137.33 CLP 170.07 CLP 54
EPV 168.35 CLP 195.46 CLP 219.56 CLP 59
Multiples
P/E Multiple 181.05 CLP 241.40 CLP 301.75 CLP 63
P/S Multiple 139.90 CLP 186.54 CLP 233.17 CLP 58
P/B Multiple 139.90 CLP 186.54 CLP 233.17 CLP 55
EV/EBIT 245.17 CLP 322.00 CLP 398.83 CLP 53
EV/EBITDA 305.86 CLP 402.92 CLP 499.97 CLP 54
EV/Revenue 170.05 CLP 236.64 CLP 303.22 CLP 43
Asset-Based
NCAV (Graham) 71.74 CLP 96.13 CLP 143.48 CLP 50
Growth DCF
Growth DCF 312.95 CLP 425.69 CLP 614.23 CLP 80
Rev-Margin DCF 209.88 CLP 288.21 CLP 381.98 CLP 74
Economic Profit
Residual Income 120.26 CLP 128.91 CLP 148.66 CLP 76
ROIC Compounder 170.44 CLP 204.09 CLP 240.13 CLP 72
Growth Earnings
Growth-Adj P/E 128.33 CLP 183.33 CLP 238.32 CLP 68

Widest divergence: DCF Models (307.21 CLP) versus Asset-Based (96.13 CLP). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.8T CLP
Revenue growth (YoY) +2.1%
Net margin 2.1%
Return on equity 7.2%
Free cash flow 153B CLP FY2025
P/E ratio 12.8
More key figures
Operating margin 3.8%
EPS (TTM) 10.30 CLP
Dividend yield 5.8%
EPS growth (YoY) -90.4%
Net debt 377B CLP FY2022

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 42

Profitability 47
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

SMU S.A. operates as a food retailer in Chile and Peru. The company operates through Supermarket and Financial Services segments. It provides groceries, fruits and vegetables, and non-food and other products; and e-grocery solutions. The company also issues credit cards that grants credit to Unimarc supermarkets customers.

Full company description

SMU S.A. operates as a food retailer in Chile and Peru. The company operates through Supermarket and Financial Services segments. It provides groceries, fruits and vegetables, and non-food and other products; and e-grocery solutions. The company also issues credit cards that grants credit to Unimarc supermarkets customers. It operates supermarkets under the Unimarc, Mayorista 10, Super 10, Alvi, Mayorsa, and Maxi Savings brands. SMU S.A. was founded in 2007 and is headquartered in Santiago, Chile.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SMU S.A reported revenue of 2.8T CLP in FY2025 versus 2.5T CLP in FY2021, a compound +3.3%/yr. Reported net income was 63.1B CLP in FY2025, compounding −4.4%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8T CLP
Latest YoY
−2.4%
Avg. growth/yr (3Y)
−0.1%
Avg. growth/yr (5Y)
+4.1%
Avg. growth/yr (8Y)
+2.8%
Revenue +3.3%/yr
FY21 2.5T CLP
FY22 2.8T CLP
FY23 2.9T CLP
FY24 2.9T CLP
FY25 2.8T CLP
Net income −4.4%/yr
FY21 75.7B CLP
FY22 132B CLP
FY23 88.8B CLP
FY24 48.7B CLP
FY25 63.1B CLP

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

Peer Group

Department Stores · 127 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 56 · Above median
Fair Value upside +87% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 2% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 2% · Above median
Dividend yield (TTM) 5.8% · Top 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than median
P/B 0.92× · Cheaper than median
P/S (TTM) 0.27× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.3× · Cheaper than median

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 26
FUTURE 11 · sector 2
PAST 29 · sector 16
HEALTH 100 · sector 96
DIVIDEND 100 · sector 37

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is SMU S.A (SMU) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 241.40 CLP versus a price of 128.90 CLP, about +87% (undervalued).
What is the fair value of SMU?
Our model-based fair value for SMU S.A is 241.40 CLP (as of Jul 21, 2026), built from audited fundamentals. The current price is 128.90 CLP.
What is the quality score of SMU?
SMU S.A has a Quality Score of 56/100. 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 SMU S.A (SMU)?
SMU S.A reported trailing-twelve-month revenue of about 2.8T CLP (latest available figure, as of Jul 21, 2026).
What is the net profit margin of SMU?
The net profit margin of SMU S.A is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does SMU S.A pay a dividend?
SMU S.A currently shows a dividend yield of about 5.81% relative to its recent price (as of Jul 21, 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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