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Empresas Copec

SNSE:COPEC
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COPEC
SNSE
CLP9,346B
Market Cap
  1. Home
  2. CL
  3. Energy
Company description

Empresas Copec S.A., a financial holding company, operates in the natural resources and energy sectors in Chile and internationally. The last earnings update was 86 days ago. More info.


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COPEC Share Price and Events
7 Day Returns
6.6%
SNSE:COPEC
-1.1%
South America Oil and Gas
3%
CL Market
1 Year Returns
-27%
SNSE:COPEC
4.9%
South America Oil and Gas
-10.3%
CL Market
COPEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Empresas Copec (COPEC) 6.6% -2.3% 14.8% -27% 12.6% -0.5%
South America Oil and Gas -1.1% 4.9% 18.8% 4.9% 84.2% 55.2%
CL Market 3% -7.1% -2.1% -10.3% 6.4% 0.9%
1 Year Return vs Industry and Market
  • COPEC underperformed the Oil and Gas industry which returned 4.9% over the past year.
  • COPEC underperformed the Market in Chile which returned -10.3% over the past year.
Price Volatility
COPEC
Industry
5yr Volatility vs Market

Value

 Is Empresas Copec 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 Empresas Copec 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 Empresas Copec.

SNSE:COPEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in USD $ 0.22226333333333
Payout Ratio Company Filings (2019-06-30) 4531.1%
Discount Rate (Cost of Equity) See below 9.8%
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:COPEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.905 (1 + (1- 26%) (75.93%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.186 * 5.96%)
9.8%

Discounted Cash Flow Calculation for SNSE:COPEC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Empresas Copec is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SNSE:COPEC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.22 / (9.8% - 2.73%)
$2444.12
SNSE:COPEC Discount to Share Price
Calculation Result
Exchange Rate USD/CLP
(Reporting currency to currency of SNSE:COPEC)
777.24
Value per Share
(CLP)
= Value per Share in USD x Exchange Rate (USD/CLP)
= $3.14 x 777.24
CLP2444.12
Value per share (CLP) From above. CLP2,444.12
Current discount Discount to share price of CLP7,189.90
= -1 x (CLP7,189.90 - CLP2,444.12) / CLP2,444.12
-194.2%

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

  • The current share price of Empresas Copec 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 Empresas Copec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Empresas Copec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:COPEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.62
SNSE:COPEC Share Price ** SNSE (2019-11-15) in CLP CLP7189.9
SNSE:COPEC Share Price converted to USD reporting currency Exchange rate (CLP/ USD) 0.001 $9.25
South America Oil and Gas Industry PE Ratio Median Figure of 14 Publicly-Listed Oil and Gas Companies 11.1x
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 Empresas Copec.

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

= SNSE:COPEC Share Price ÷ EPS (both in USD)

= 9.25 ÷ 0.62

14.81x

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

  • Empresas Copec is overvalued based on earnings compared to the South America Oil and Gas industry average.
  • Empresas Copec is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Empresas Copec's expected growth come at a high price?
Raw Data
SNSE:COPEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
17.3%per year
South America Oil and Gas Industry PEG Ratio Median Figure of 8 Publicly-Listed Oil and Gas Companies 0.45x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

SNSE:COPEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.81x ÷ 17.3%

0.85x

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

  • Empresas Copec is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Empresas Copec's assets?
Raw Data
SNSE:COPEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $8.43
SNSE:COPEC Share Price * SNSE (2019-11-15) in CLP CLP7189.9
SNSE:COPEC Share Price converted to USD reporting currency Exchange rate (CLP/ USD) 0.001 $9.25
South America Oil and Gas Industry PB Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 1.13x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:COPEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:COPEC Share Price ÷ Book Value per Share (both in USD)

= 9.25 ÷ 8.43

1.1x

* Primary Listing of Empresas Copec.

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

  • Empresas Copec is good value based on assets compared to the South America Oil and Gas industry average.
X
Value checks
We assess Empresas Copec'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Empresas Copec has a total score of 2/6, 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 Empresas Copec expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

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
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Empresas Copec expected to grow at an attractive rate?
  • Empresas Copec's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Empresas Copec's earnings growth is expected to exceed the Chile market average.
  • Empresas Copec's revenue growth is positive but not above the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:COPEC Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:COPEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 17.3%
SNSE:COPEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 4.6%
South America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
South America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:COPEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:COPEC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 27,065 1,236 1
2021-12-31 25,981 1,751 876 11
2020-12-31 24,374 1,574 659 12
2019-12-31 23,540 1,537 584 11
2019-11-17
SNSE:COPEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 23,939 1,651 812
2019-03-31 24,145 1,831 1,012
2018-12-31 23,970 1,710 1,071
2018-09-30 23,237 1,651 1,029
2018-06-30 22,396 1,594 1,032
2018-03-31 21,227 1,591 871
2017-12-31 20,353 1,594 639
2017-09-30 19,579 1,603 666
2017-06-30 18,638 1,391 472
2017-03-31 17,776 1,279 471
2016-12-31 16,699 1,512 554
2016-09-30 16,190 1,356 465

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Empresas Copec's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Empresas Copec's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
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:COPEC 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 12 Analyst Estimates (S&P Global) See Below

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

SNSE:COPEC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.72 1.11 0.48 6.00
2020-12-31 0.56 0.94 0.36 7.00
2019-12-31 0.47 0.61 0.40 7.00
2019-11-17
SNSE:COPEC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.62
2019-03-31 0.78
2018-12-31 0.82
2018-09-30 0.79
2018-06-30 0.79
2018-03-31 0.67
2017-12-31 0.49
2017-09-30 0.51
2017-06-30 0.36
2017-03-31 0.36
2016-12-31 0.43
2016-09-30 0.36

*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.
  • Empresas Copec is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Empresas Copec'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 South America 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.
Empresas Copec has a total score of 2/6, 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 Empresas Copec 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 Empresas Copec's growth in the last year to its industry (Oil and Gas).
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.
  • Empresas Copec's year on year earnings growth rate has been positive over the past 5 years.
  • Empresas Copec's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Empresas Copec's 1-year earnings growth is negative, it can't be compared to the South America Oil and Gas industry average.
Earnings and Revenue History
Empresas Copec'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 Empresas Copec Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:COPEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 23,938.70 812.00 2,305.01
2019-03-31 24,144.85 1,011.56 2,347.52
2018-12-31 23,970.07 1,070.70 2,289.47
2018-09-30 23,236.72 1,028.68 2,267.16
2018-06-30 22,395.70 1,031.87 2,226.55
2018-03-31 21,227.25 870.65 2,149.12
2017-12-31 20,353.32 639.32 2,123.11
2017-09-30 19,578.66 665.51 2,097.81
2017-06-30 18,637.70 471.67 2,041.59
2017-03-31 17,776.20 470.72 1,967.67
2016-12-31 16,699.31 554.19 1,882.06
2016-09-30 16,190.05 464.69 1,822.37
2016-06-30 16,397.25 490.22 1,832.04
2016-03-31 17,263.57 510.52 1,855.89
2015-12-31 18,160.14 539.31 1,890.73
2015-09-30 19,906.81 621.58 1,993.99
2015-06-30 21,501.81 632.31 2,023.94
2015-03-31 22,534.41 655.50 2,096.34
2014-12-31 23,854.70 855.56 2,121.32
2014-09-30 23,940.20 817.19 2,102.04
2014-06-30 24,156.90 880.93 2,090.85
2014-03-31 24,375.07 886.24 2,082.42
2013-12-31 24,339.28 760.08 2,089.20
2013-09-30 24,468.49 837.95 2,067.06
2013-06-30 23,623.93 626.65 2,044.94
2013-03-31 23,082.80 493.98 1,953.28
2012-12-31 22,779.54 410.67 1,903.37

*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.
  • Empresas Copec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Empresas Copec used its assets less efficiently than the South America Oil and Gas industry average last year based on Return on Assets.
  • Empresas Copec has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Empresas Copec'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 Oil and Gas 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.
Empresas Copec has a total score of 2/6, 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 Empresas Copec's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Empresas Copec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Empresas Copec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Empresas Copec's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Empresas Copec'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
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 Empresas Copec Company Filings, last reported 4 months ago.

SNSE:COPEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 11,455.59 8,252.22 2,145.72
2019-03-31 11,358.61 7,315.23 1,605.65
2018-12-31 11,193.90 7,308.96 1,922.76
2018-09-30 11,214.61 7,214.39 1,918.75
2018-06-30 11,085.76 7,197.22 1,687.30
2018-03-31 11,130.59 7,327.04 1,640.57
2017-12-31 10,913.45 6,458.91 1,525.93
2017-09-30 10,899.97 6,268.99 1,355.92
2017-06-30 10,590.32 6,324.06 1,318.62
2017-03-31 10,553.48 6,391.33 1,381.63
2016-12-31 10,485.50 6,510.58 1,467.36
2016-09-30 10,415.04 6,094.71 1,572.88
2016-06-30 10,323.06 6,129.80 1,593.20
2016-03-31 10,092.68 5,885.56 1,978.71
2015-12-31 9,855.87 5,750.45 1,751.20
2015-09-30 9,878.54 5,934.96 1,783.64
2015-06-30 10,259.25 6,240.21 1,635.29
2015-03-31 10,120.27 6,747.98 2,302.95
2014-12-31 10,336.13 6,906.08 2,163.79
2014-09-30 10,555.00 6,971.18 2,102.82
2014-06-30 11,155.40 6,950.45 1,875.58
2014-03-31 10,987.56 6,801.49 1,404.87
2013-12-31 10,819.83 6,960.48 1,660.99
2013-09-30 10,935.97 6,248.07 1,467.20
2013-06-30 10,814.38 6,677.15 1,772.52
2013-03-31 10,937.04 6,748.90 1,374.93
2012-12-31 10,762.39 7,291.14 1,401.67
  • Empresas Copec's level of debt (72%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (62.3% vs 72% today).
  • Debt is well covered by operating cash flow (20%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Empresas Copec'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. Empresas Copec 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 Empresas Copec'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
4.44%
Current annual income from Empresas Copec dividends. Estimated to be 2.4% next year.
If you bought CLP2,000 of Empresas Copec shares you are expected to receive CLP89 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?
  • Empresas Copec's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Empresas Copec's dividend is below 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:COPEC 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 12 Analyst Estimates (S&P Global) See Below
South America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.9%
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:COPEC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.22 8.00
2020-12-31 0.18 7.00
2019-12-31 0.26 9.00
2019-11-17
SNSE:COPEC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.411 4.275
2019-03-08 0.411 3.270
2018-05-25 0.247 1.713
2018-03-20 0.247 1.545
2018-03-19 0.247 1.570
2017-05-23 0.173 1.262
2017-03-17 0.173 1.560
2016-05-18 0.165 1.733
2016-03-11 0.165 1.735
2016-01-15 0.165 1.971
2015-05-20 0.253 2.656
2015-03-09 0.253 2.190
2014-09-01 0.252 2.161
2014-03-20 0.252 1.938
2013-08-27 0.133 0.990
2013-03-15 0.133 0.987
2012-05-30 0.291 1.989
2012-03-12 0.291 1.875
2011-08-29 0.305 2.140
2011-03-30 0.305 1.705
2011-01-17 0.305 1.795
2010-09-09 0.147 0.779
2010-03-01 0.147 0.922
2009-03-04 0.181 1.458
2009-01-15 0.181 2.136

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 Empresas Copec's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Empresas Copec'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 Empresas Copec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Empresas Copec 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 Empresas Copec'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
Eduardo Navarro Beltrán
AGE 54
TENURE AS CEO 16.8 years
CEO Bio

Mr. Eduardo Navarro Beltrán has been the Chief Executive Officer at Empresas Copec S.A. since 2003 and serves as its General Manager. Mr. Navarro Beltrán serves as General Manager of Pesquera Iquique-Guanaye S.A and served as its Chief Executive Officer. He served as a Manager of Corporate Studies at Empresas Copec S.A. He serves as Vice Chairman of Orizon S.A. He has been a Director of Celulosa Arauco Y Constitución S.A. since September 25, 2007. He serves as a Director of Compañía Transmisora del Norte Chico S.A. He served as a Director at Colbun S.A. since 2007 until November 30, 2016. He has been a Director of Corpesca S.A. since April 4, 2013. He serves as a Director at Anexo Guacolda Energía S.A. and Inversiones Alxar S.A. and Inversiones Laguna Blanca S.A. and Inversiones del Nordeste.He served as a Director of Gasmar S.A. until July 7, 2016. He served as a Director of Metrogas S.A. He served as a Director of Pesquera Iquique Guanaye S.A., Fondo de Inversión Privado Copec - Universidad Católica, COPEC, Abastecedora de Combustibles S.A., Orizon S.A, South Pacific Korp S.A., Compañia Minera Can-Can S.A. He is a Commercial Engineer. Mr. Navarro Beltrán holds Degrees in Commercial Engineering and Economics and a Master’s degree in Economics, all from the Catholic University of Chile.

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

Average tenure of the Empresas Copec management team in years:

7.6
Average Tenure
  • The average tenure for the Empresas Copec management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eduardo Navarro Beltrán

TITLE
CEO & GM
AGE
54
TENURE
16.8 yrs

Rodrigo Huidobro Alvarado

TITLE
Chief Financial Officer

Cristián Palacios González

TITLE
Director of Finance & IR
TENURE
2.2 yrs

José Tomás Guzmán Rencoret

TITLE
Legal Advisor
TENURE
11.5 yrs

Lorenzo Gazmuri Schleyer

TITLE
Manager of Sales and Chief Executive Officer of Copec S.A

Matías Domeyko Cassel

TITLE
Vice-Chairman Executive of Celulosa Arauco Y Constitución S.A
AGE
57

Jorge Valdivieso Scott

TITLE
Head of Corporate Research
TENURE
3.7 yrs

Arturo Natho Gamboa

TITLE
Chief Executive Officer of Corpesca S.A

Joaquín Cruz Sanfiel

TITLE
Chief Executive Officer of Abastible S.A

Roberto Hetz Vorpahl

TITLE
Chief Executive Officer of Sonacol S.A
Board of Directors Tenure

Average tenure and age of the Empresas Copec board of directors in years:

3.6
Average Tenure
70
Average Age
  • The tenure for the Empresas Copec board of directors is about average.
Board of Directors

Roberto Angelini Rossi

TITLE
Independent Chairman of the Board
COMPENSATION
$457K
AGE
70
TENURE
3.6 yrs

Jorge Andueza Fouque

TITLE
Independent Vice-Chairman
COMPENSATION
$304K
TENURE
3.6 yrs

Gabriel Amos Bitrán Dicowsky

TITLE
Independent Director
COMPENSATION
$203K
TENURE
3.6 yrs

Juan Edgardo Goldenberg Peñafiel

TITLE
Independent Director
COMPENSATION
$203K
TENURE
3.6 yrs

Arnaldo Gorziglia Balbi

TITLE
Independent Director
COMPENSATION
$152K

Andrés Bianchi Larre

TITLE
Independent Director
COMPENSATION
$203K
TENURE
3.6 yrs

Manuel Enrique Bezanilla Urrutia

TITLE
Independent Director
COMPENSATION
$152K
AGE
74
TENURE
3.5 yrs

Andrés Lehuedé Bromley

TITLE
Director
COMPENSATION
$99K
AGE
51
TENURE
1.8 yrs

Francisco León Délano

TITLE
Director
COMPENSATION
$99K
TENURE
1.8 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 Empresas Copec'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. Empresas Copec 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

Empresas Copec S.A., a financial holding company, operates in the natural resources and energy sectors in Chile and internationally. The company produces and markets kraft pulp, panels, and sawn timber; distributes liquefied fuels, lubricants, liquefied petroleum gas, and natural gas; and produces fishmeal, fish oil, and canned and frozen products. It also engages in the electricity generation business; and operation of a network of 653 service stations, including 91 Pronto convenience stores and 287 Punto stores. Empresas Copec S.A. was founded in 1934 and is based in Las Condes, Chile. Empresas Copec S.A. is a subsidiary of AntarChile S.A.

Details
Name: Empresas Copec S.A.
COPEC
Exchange: SNSE
Founded: 1934
CLP9,345,819,181,735
1,299,853,848
Website: http://www.empresascopec.cl
Address: Empresas Copec S.A.
Avenida El Golf 150,
17th Floor,
Las Condes,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE COPEC Ordinary Shares Santiago Stock Exchange CL CLP 28. Oct 1992
Number of employees
Current staff
Staff numbers
0
Empresas Copec employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 18:02
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/08/23
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.