Loading...

We've got a brand new version of Simply Wall St! Try it out

Grupo Security

SNSE:SECURITY
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SECURITY
SNSE
CLP764B
Market Cap
  1. Home
  2. CL
  3. Banks
Company description

Grupo Security S.A., a diversified financial company, provides banking, insurance, asset management, and other services to large and medium-sized companies, and high-income individuals in Chile. The last earnings update was 92 days ago. More info.


Add to Portfolio Compare Print
  • Grupo Security has significant price volatility in the past 3 months.
SECURITY Share Price and Events
7 Day Returns
8.8%
SNSE:SECURITY
6.3%
CL Banks
4.4%
CL Market
1 Year Returns
-29.3%
SNSE:SECURITY
-7.8%
CL Banks
-10%
CL Market
SECURITY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupo Security (SECURITY) 8.8% -19.6% -19.6% -29.3% -12.8% -13.9%
CL Banks 6.3% -7.8% -6.9% -7.8% 29.5% 48.3%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • SECURITY underperformed the Banks industry which returned -7.8% over the past year.
  • SECURITY underperformed the Market in Chile which returned -10% over the past year.
Price Volatility
SECURITY
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Grupo Security's competitors could be found in our database.

Value

 Is Grupo Security undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grupo Security to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grupo Security.

SNSE:SECURITY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CLP191.39 * 10.2%
CLP19.57
Book Value of Equity per Share Median Book Value from the past 5 years. CLP191.39
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:SECURITY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 26%) (448.64%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for SNSE:SECURITY using Excess Returns Model Model

The calculations below outline how an intrinsic value for Grupo Security is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SNSE:SECURITY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.2% – 10.28%) * CLP191.39)
CLP-0.09
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CLP-0.09 / (10.28% - 2.73%)
CLP-1.24
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CLP191.39 + CLP-1.24
CLP190.15
SNSE:SECURITY Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP190.15
Current discount Discount to share price of CLP206.67
= -1 x (CLP206.67 - CLP190.15) / CLP190.15
-8.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Grupo Security is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grupo Security's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupo Security's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:SECURITY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CLP CLP23.35
SNSE:SECURITY Share Price ** SNSE (2019-11-18) in CLP CLP206.67
Chile Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 15.55x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grupo Security.

SNSE:SECURITY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:SECURITY Share Price ÷ EPS (both in CLP)

= 206.67 ÷ 23.35

8.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Security is good value based on earnings compared to the CL Banks industry average.
  • Grupo Security is good value based on earnings compared to the Chile market.
Price based on expected Growth
Does Grupo Security's expected growth come at a high price?
Raw Data
SNSE:SECURITY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
South America Banks Industry PEG Ratio Median Figure of 23 Publicly-Listed Banks Companies 0.95x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Grupo Security, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Grupo Security's assets?
Raw Data
SNSE:SECURITY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CLP CLP204.74
SNSE:SECURITY Share Price * SNSE (2019-11-18) in CLP CLP206.67
Chile Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.71x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:SECURITY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:SECURITY Share Price ÷ Book Value per Share (both in CLP)

= 206.67 ÷ 204.74

1.01x

* Primary Listing of Grupo Security.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Security is good value based on assets compared to the CL Banks industry average.
X
Value checks
We assess Grupo Security's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Grupo Security has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Grupo Security expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Grupo Security has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupo Security expected to grow at an attractive rate?
  • Unable to compare Grupo Security's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Grupo Security's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Grupo Security's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:SECURITY Future Growth Rates Data Sources
Data Point Source Value (per year)
Chile Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South America Banks Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:SECURITY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:SECURITY Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2019-12-31
2019-11-19
SNSE:SECURITY Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-06-30 390,706 -55,392 86,272
2019-03-31 366,746 -121,217 78,139
2018-12-31 356,453 -167,043 80,548
2018-09-30 344,937 14,419 78,870
2018-06-30 338,032 243,261 75,845
2018-03-31 344,284 364,646 80,966
2017-12-31 340,864 305,916 74,708
2017-09-30 336,353 159,735 68,811
2017-06-30 342,079 138,122 65,064
2017-03-31 332,491 -82,068 60,944
2016-12-31 331,268 -81,111 74,522
2016-09-30 317,000 -1,489 73,142

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Grupo Security is high growth as no earnings estimate data is available.
  • Unable to determine if Grupo Security is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:SECURITY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Grupo Security Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:SECURITY Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2019-11-19
SNSE:SECURITY Past Financials Data
Date (Data in CLP Millions) EPS *
2019-06-30 23.35
2019-03-31 21.15
2018-12-31 21.81
2018-09-30 22.91
2018-06-30 20.77
2018-03-31 22.86
2017-12-31 21.75
2017-09-30 19.24
2017-06-30 19.97
2017-03-31 18.70
2016-12-31 22.87
2016-09-30 22.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Grupo Security will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Grupo Security is trading at Grupo Security'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Grupo Security's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Grupo Security's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Chile market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grupo Security has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Grupo Security performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grupo Security's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grupo Security's year on year earnings growth rate has been positive over the past 5 years.
  • Grupo Security's 1-year earnings growth exceeds its 5-year average (13.7% vs 5.8%)
  • Grupo Security's earnings growth has not exceeded the CL Banks industry average in the past year (13.7% vs 14.8%).
Earnings and Revenue History
Grupo Security's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grupo Security Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:SECURITY Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 390,705.97 86,272.13 223,631.07
2019-03-31 366,745.62 78,138.60 209,374.67
2018-12-31 356,452.73 80,548.35 207,249.52
2018-09-30 344,937.04 78,870.16 213,541.60
2018-06-30 338,032.28 75,845.45 214,811.12
2018-03-31 344,284.48 80,965.57 207,436.52
2017-12-31 340,863.51 74,707.92 205,174.87
2017-09-30 336,352.89 68,810.51 215,975.42
2017-06-30 342,078.56 65,064.23 219,553.87
2017-03-31 332,490.52 60,943.77 216,067.43
2016-12-31 331,268.06 74,522.49 210,927.43
2016-09-30 316,999.97 73,142.17 195,288.04
2016-06-30 275,781.18 65,912.89 184,193.87
2016-03-31 277,989.89 77,595.30 176,076.02
2015-12-31 266,419.88 65,021.95 170,653.35
2015-09-30 257,235.06 62,445.52 155,197.17
2015-06-30 267,369.08 68,414.16 153,081.61
2015-03-31 261,392.24 62,523.21 150,023.16
2014-12-31 253,020.02 61,010.46 145,616.67
2014-09-30 243,078.91 63,219.49 151,161.43
2014-06-30 238,904.17 61,475.01 151,627.17
2014-03-31 210,645.10 52,057.04 152,582.90
2013-12-31 203,776.96 49,843.43 146,531.81
2013-09-30 225,479.77 51,441.49 143,843.94
2013-06-30 220,590.35 52,267.71 135,200.46
2013-03-31 212,942.97 52,619.10 124,270.59
2012-12-31 201,666.23 46,560.54 120,449.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Grupo Security has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grupo Security used its assets more efficiently than the CL Banks industry average last year based on Return on Assets.
  • Unable to establish if Grupo Security improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Grupo Security's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grupo Security has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Grupo Security's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Grupo Security's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grupo Security Company Filings, last reported 4 months ago.

SNSE:SECURITY Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 779,532.23 3,416,103.73 809,366.36
2019-03-31 774,502.75 3,305,028.41 662,609.10
2018-12-31 749,040.34 2,941,496.80 681,941.12
2018-09-30 731,787.22 3,148,850.81 703,477.60
2018-06-30 723,642.38 3,007,793.54 811,835.10
2018-03-31 730,269.79 2,786,512.16 705,560.77
2017-12-31 722,526.16 2,725,338.84 794,595.09
2017-09-30 724,328.56 2,653,570.52 754,786.70
2017-06-30 620,528.93 2,548,952.57 695,853.88
2017-03-31 616,727.07 2,433,837.35 602,669.48
2016-12-31 605,715.20 2,408,086.97 631,669.57
2016-09-30 609,758.25 2,370,791.84 698,615.81
2016-06-30 599,078.71 2,215,728.58 655,039.33
2016-03-31 596,317.67 2,235,424.44 705,550.55
2015-12-31 571,277.25 2,306,320.07 795,289.61
2015-09-30 560,292.51 2,186,764.90 683,984.65
2015-06-30 552,073.26 1,965,660.21 564,595.76
2015-03-31 543,181.13 1,896,431.00 571,346.45
2014-12-31 531,034.73 1,884,729.15 496,555.88
2014-09-30 527,330.16 1,709,449.15 434,519.82
2014-06-30 518,335.15 1,740,147.20 452,019.59
2014-03-31 494,199.39 1,735,825.82 528,837.07
2013-12-31 473,234.49 1,628,582.03 451,862.22
2013-09-30 466,247.72 1,504,435.25 426,637.22
2013-06-30 450,894.88 1,411,186.60 388,940.92
2013-03-31 413,649.09 1,276,472.70 288,981.46
2012-12-31 401,923.76 1,286,291.49 373,783.90
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Grupo Security has an acceptable proportion of non-loan assets held.
  • Grupo Security's liabilities are made up of primarily higher risk sources of funding.
  • Grupo Security has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Grupo Security's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Grupo Security has a low allowance for bad loans.
  • Grupo Security has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Grupo Security's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grupo Security has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Grupo Security's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.78%
Current annual income from Grupo Security dividends.
If you bought CLP2,000 of Grupo Security shares you are expected to receive CLP116 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Grupo Security's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Grupo Security's dividend is above the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:SECURITY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Chile Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.9%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:SECURITY Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-11-19
SNSE:SECURITY Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-08-19 11.950 5.083
2019-05-30 11.950 4.412
2019-03-01 11.950 4.333
2018-08-24 11.750 4.026
2018-05-28 11.600 3.748
2018-03-01 11.600 3.687
2017-11-13 12.100 4.222
2017-10-16 12.100 4.241
2017-09-01 12.100 4.672
2017-05-02 12.000 4.991
2017-03-31 12.000 5.017
2016-11-17 11.500 5.013
2016-11-16 11.500 4.807
2016-05-27 11.250 5.103
2016-03-11 11.250 5.687
2015-11-13 10.750 5.656
2015-05-14 10.250 5.215
2015-03-13 10.250 5.191
2014-11-14 8.500 4.058
2014-05-23 7.500 3.881
2014-03-07 7.500 3.846
2013-10-30 9.500 5.272
2013-05-17 10.250 5.571
2013-03-18 10.250 5.197
2012-08-14 10.000 5.454
2012-05-22 10.000 5.767
2012-02-22 10.000 5.383
2011-03-03 9.500 5.334
2010-05-28 7.500 3.531
2010-02-26 7.500 4.801
2009-03-16 4.750 3.291
2009-03-09 6.250 5.590

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Grupo Security's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Grupo Security's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grupo Security afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupo Security has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Grupo Security's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Renato Arturo Peñafiel Muñoz
AGE 67
TENURE AS CEO 23.8 years
CEO Bio

Mr. Renato Arturo Peñafiel Muñoz has been the Chief Executive Officer and General Manager at Grupo Security S.A. since January 02, 1996 and served as its President. Mr. Peñafiel Muñoz serves as Director at Factoring Security SA. Mr. Peñafiel Muñoz serves as Commercial Engineer at Pontificia Universidad Cat lica de Chile. Mr. Muñoz serves as Vice Chairman and Director of Seguros Vida Security Prevision S.A. He serves as a Director of Securitizadora Security S.A and Banco Security SA. He serves as a Director of Combanc SA. Mr. Peñafiel Muñoz joined Banco Security Pacific in 1987 as its CEO. Since then, he has been actively involved in the development and diversification of Grupo Security. During his career, he has held senior level positions such as Director of Financial Policy of the Chilean Central Bank, International Manager of Banco Sudamericano and other roles at financial companies. Mr. Peñafiel Muñoz also serves as a Director of Merchant Security S.A. and General Manager and Director of Factoring Security S.A. He serves as Director of Banco Security, Administradora General de Fondos Security, Vida Security and other subsidiaries of Grupo Security. Mr. Peñafiel Muñoz is also an active Board Member of the Chilean Association of Banks and Financial Institutions (Asociación de Bancos e Instituciones Financieras) and COMBANC, an entity owned by local banks for the purpose of conducting high value transactions operating as a clearinghouse for local financial entities. He holds a Commercial Engineer from Catholic University of Chile and Master of Arts in Economics, University of Chicago.

CEO Compensation
  • Insufficient data for Renato Arturo to compare compensation growth.
  • Insufficient data for Renato Arturo to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Grupo Security management team in years:

14
Average Tenure
50
Average Age
  • The average tenure for the Grupo Security management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Renato Arturo Peñafiel Muñoz

TITLE
CEO & GM
AGE
67
TENURE
23.8 yrs

Rodrigo Antonio Carvacho Contreras

TITLE
Corporate Chief Accounting Manager
AGE
41
TENURE
5.4 yrs

Marcela Villafaña

TITLE
Head of Investor Relations

Alejandra Zegers Correa

TITLE
Corporate Marketing and Quality Manager
AGE
50
TENURE
14.4 yrs

Fernando Salinas Pinto

TITLE
Senior Vice President of Planning & Control
AGE
49

Karin Becker Schmidt

TITLE
Executive Vice President of Corporate Culture
AGE
69
TENURE
28.8 yrs

Felipe Hernán Jaque Serrano

TITLE
Chief Economist
AGE
46
TENURE
2.7 yrs

Alfonso Verdugo Ramírez de Arellano

TITLE
Controller & Corporate Business Risk Manager
AGE
58
TENURE
13.5 yrs
Board of Directors Tenure

Average tenure and age of the Grupo Security board of directors in years:

14
Average Tenure
75
Average Age
  • The average tenure for the Grupo Security board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Francisco Armando Silva Silva

TITLE
Chairman of the Board
COMPENSATION
CLP11K
AGE
78

Hernán de las Heras Marín

TITLE
Independent Director
COMPENSATION
CLP1K
AGE
65
TENURE
6.6 yrs

Naoshi Matsumoto Takahashi

TITLE
Independent Director
COMPENSATION
CLP1K
AGE
83
TENURE
28.8 yrs

Horacio Pavez García

TITLE
Independent Director
COMPENSATION
CLP1K
AGE
81
TENURE
28.8 yrs

Juan Cristóbal Pavez Recart

TITLE
Director
COMPENSATION
CLP1K
AGE
49
TENURE
17.8 yrs

Bruno Philippi Irarrázabal

TITLE
Independent Director
COMPENSATION
CLP1K
AGE
75
TENURE
6.6 yrs

Ana Inés Saínz de Vicuña Bemberg

TITLE
Independent Director
COMPENSATION
CLP1K
AGE
57
TENURE
10.3 yrs

Jorge Eduardo Marín Correa

TITLE
Director
COMPENSATION
CLP540
AGE
59
TENURE
25.8 yrs

Mario Weiffenbach Oyarzún

TITLE
Independent Director
COMPENSATION
CLP490
AGE
75
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CLP) Value (CLP)
X
Management checks
We assess Grupo Security's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grupo Security has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Grupo Security S.A., a diversified financial company, provides banking, insurance, asset management, and other services to large and medium-sized companies, and high-income individuals in Chile. It operates through four segments: Lending, Asset Management, Insurance, and Services. The Lending segment provides commercial and retail banking, and factoring services. The Asset Management segment offers general fund management; stock brokerage and securities intermediation; investment and third-party asset management; advisory; and asset management and securitized equities. The Insurance segment offers life and general insurance, travel assistance, and insurance brokerage services. The Services segment engages in real estate development; and travel and tourism activities, including the provision of travel agency services. Grupo Security S.A. was founded in 1981 and is headquartered in Santiago, Chile.

Details
Name: Grupo Security S.A.
SECURITY
Exchange: SNSE
Founded: 1981
CLP763,645,650,000
3,695,000,000
Website: http://www.security.cl
Address: Grupo Security S.A.
Avda. Apoquindo 3150,
Piso 15,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE SECURITY Ordinary Shares Santiago Stock Exchange CL CLP 18. Sep 1995
Number of employees
Current staff
Staff numbers
3,904
Grupo Security employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:04
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/09/03
Last earnings filing: 2019/08/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.