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Watt's S.A (WATTS) Fair Value & Analysis

Consumer Defensive · CL · Market cap 241B CLP

WS Watt's S.A WATTS · SN
Price669.46 CLP
Fair Value1,277 CLP
Upside+90.7%
Quality58/100
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Healthy Growth
Thin margins · 4.2% net margin
Moderate debt · generates free cash flow
5.23% dividend yield
Ranks above peers (13/14)
Narrow moat 38/100
Evidence: High Range 791.17 CLP – 1,740 CLP Share as image

Fair value as of: Jul 19, 2026

From 23 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 1,333 CLP to 1,277 CLP (−4.2%) since Jun 24, 2026. Share price −12.0% over the past month.

A solid business, screening 91% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (791.17 CLP). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (791.17 CLP to 1,740 CLP) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,047 CLP 394.60 CLP Fair Value 1,277 CLP Jun 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 394.60 CLP – 1,047 CLP · fair‑value band 791.17 CLP – 1,740 CLP · the 669.46 CLP price screens below the 1,277 CLP fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Watt's S.A (WATTS) currently trades at 669.46 CLP, while our model-based Fair Value estimate is 1,277 CLP, implying the stock looks roughly 90.7% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive 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, Watt's S.A generated revenue of 643B CLP at a net margin of 4.2%. Revenue grew 6.2% year over year. It earns a return on equity of 9.4%. Net debt stands at 182B CLP. Fundamentals as of Jul 19, 2026

Our scenario range runs from 791.17 CLP (bear case) to 1,740 CLP (bull case); at 669.46 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 16% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 91%, WATTS 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 924.86 CLP 1,561 CLP 2,492 CLP 80
Residual Income 762.41 CLP 815.28 CLP 917.56 CLP 76
Rev-Margin DCF 626.35 CLP 1,184 CLP 1,800 CLP 74
All 23 models by family
DCF Models
FCF DCF 886.12 CLP 1,578 CLP 2,640 CLP 38
Owner Earnings 483.12 CLP 965.72 CLP 1,707 CLP 31
5Y Revenue Exit 626.35 CLP 1,171 CLP 1,846 CLP 39
5Y EBITDA Exit 886.24 CLP 1,642 CLP 2,497 CLP 41
5Y P/E Exit 636.69 CLP 1,190 CLP 1,748 CLP 38
10Y Revenue Exit 676.46 CLP 1,194 CLP 1,846 CLP 36
10Y EBITDA Exit 874.29 CLP 1,523 CLP 2,340 CLP 37
10Y P/E Exit 713.59 CLP 1,207 CLP 1,772 CLP 35
Earnings-Based
Graham-Dodd 466.84 CLP 1,224 CLP 1,598 CLP 54
PEG = 1.0 234.04 CLP 334.34 CLP 434.64 CLP 46
EPV 534.52 CLP 707.75 CLP 861.73 CLP 59
Multiples
P/E Multiple 1,081 CLP 1,442 CLP 1,802 CLP 63
P/S Multiple 875.32 CLP 1,167 CLP 1,459 CLP 58
P/B Multiple 875.32 CLP 1,167 CLP 1,459 CLP 55
EV/EBIT 943.53 CLP 1,407 CLP 1,871 CLP 53
EV/EBITDA 1,065 CLP 1,570 CLP 2,074 CLP 54
EV/Revenue 545.43 CLP 970.79 CLP 1,396 CLP 43
Asset-Based
NCAV (Graham) 456.35 CLP 611.51 CLP 912.70 CLP 50
Growth DCF
Growth DCF 924.86 CLP 1,561 CLP 2,492 CLP 80
Rev-Margin DCF 626.35 CLP 1,184 CLP 1,800 CLP 74
Economic Profit
Residual Income 762.41 CLP 815.28 CLP 917.56 CLP 76
ROIC Compounder 534.52 CLP 707.75 CLP 861.73 CLP 72
Growth Earnings
Growth-Adj P/E 845.45 CLP 1,208 CLP 1,570 CLP 68

Widest divergence: Growth Earnings (1,208 CLP) versus Asset-Based (611.51 CLP). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 643B CLP
Revenue growth (YoY) +6.2%
Net margin 4.2%
Return on equity 9.4%
Free cash flow 36.5B CLP FY2025
P/E ratio 8.9
More key figures
Operating margin 6.4%
EPS (TTM) 86.23 CLP
Dividend yield 5.2%
EPS growth (YoY) +322%
Net debt 182B CLP FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 54

Profitability 43
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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

Watt's S.A. manufactures and sells food products in Chile, Argentina, Peru, and internationally. It operates in Food Business and Wine Business segments.

Full company description

Watt's S.A. manufactures and sells food products in Chile, Argentina, Peru, and internationally. It operates in Food Business and Wine Business segments. The company offers liquid and powdered milk, cheese, yogurt, manjar, butter, milk drinks and creams, lactose free and soymilk, oils, margarine and butter, frozen fruits and vegetables, liquid juices, nectars, marmalade, jams, fruit and dairy-based beverages, desserts, and canned and packaged tomato products. It also owns and operates wine-producing valleys. The company was formerly known as Empresas Santa Carolina S.A. and changed its name to Watt's S.A. in June 2004. The company was founded in 1930 and is based in San Bernardo, Chile. Watt's S.A. operates as a subsidiary of Chacabuco S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Watt's S.A reported revenue of 633B CLP in FY2025 versus 499B CLP in FY2021, a compound +6.1%/yr. Reported net income was 21.6B CLP in FY2025, compounding +2.2%/yr from FY2021.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
633B CLP
Latest YoY
+3.8%
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.
+1.6%
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.
+6.1%
Avg. 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.
+5.7%
Revenue +6.1%/yr
FY21 499B CLP
FY22 604B CLP
FY23 597B CLP
FY24 610B CLP
FY25 633B CLP
Net income +2.2%/yr
FY21 19.8B CLP
FY22 10.4B CLP
FY23 21.5B CLP
FY24 25.2B CLP
FY25 21.6B CLP

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

Peer Group

Packaged Foods · 649 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 58 · Above median
Fair Value upside +91% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 8.9× · Cheaper than 75% of peers
P/B 0.84× · Cheaper than median
P/S (TTM) 0.38× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.4× · 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 28
FUTURE 31 · sector 20
PAST 38 · sector 27
HEALTH 73 · sector 96
DIVIDEND 100 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Watt's S.A (WATTS) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1,277 CLP versus a price of 669.46 CLP, about +91% (undervalued).
What is the fair value of WATTS?
Our model-based fair value for Watt's S.A is 1,277 CLP (as of Jul 19, 2026), built from audited fundamentals. The current price is 669.46 CLP.
What is the quality score of WATTS?
Watt's S.A has a Quality Score of 58/100. 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 Watt's S.A (WATTS)?
Watt's S.A reported trailing-twelve-month revenue of about 643B CLP (latest available figure, as of Jul 19, 2026).
What is the net profit margin of WATTS?
The net profit margin of Watt's S.A is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Watt's S.A pay a dividend?
Watt's S.A currently shows a dividend yield of about 5.23% relative to its recent price (as of Jul 19, 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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