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Ipal

SNSE:IPAL
Snowflake Description

Mediocre balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPAL
SNSE
CLP13B
Market Cap
  1. Home
  2. CL
  3. Food, Beverage & Tobacco
Company description

Ipal S.A., through its subsidiaries, produces and sells food products in Chile. The last earnings update was 126 days ago. More info.


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IPAL Share Price and Events
7 Day Returns
0%
SNSE:IPAL
1.1%
CL Food
8.4%
CL Market
1 Year Returns
0.9%
SNSE:IPAL
-24.3%
CL Food
-34.1%
CL Market
IPAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ipal (IPAL) 0% 0% 0% 0.9% 0.9% 23.5%
CL Food 1.1% -10.3% -14.7% -24.3% 5% 47.2%
CL Market 8.4% -16.6% -24.9% -34.1% -30.5% -26.8%
1 Year Return vs Industry and Market
  • IPAL outperformed the Food industry which returned -24.3% over the past year.
  • IPAL outperformed the Market in Chile which returned -34.1% over the past year.
Price Volatility
IPAL
Industry
5yr Volatility vs Market

Value

 Is Ipal 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 Ipal 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 Ipal.

SNSE:IPAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in CLP CLP 75.533280
Payout Ratio Company Filings (2019-09-30) 5562.1%
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year CL Government Bond Rate 7.5%

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:IPAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 7.5%
Equity Risk Premium S&P Global 6.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 26%) (87.63%))
0.737
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.47% + (0.8 * 6.33%)
12.53%

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

The calculations below outline how an intrinsic value for Ipal 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:IPAL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CLP75.53 / (12.53% - 7.47%)
CLP1085.14
SNSE:IPAL Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP1,085.14
Current discount Discount to share price of CLP1,210.50
= -1 x (CLP1,210.50 - CLP1,085.14) / CLP1,085.14
-11.6%

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

  • The current share price of Ipal 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 Ipal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ipal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:IPAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP-79.06
SNSE:IPAL Share Price ** SNSE (2020-04-01) in CLP CLP1210.5
Chile Food Industry PE Ratio Median Figure of 14 Publicly-Listed Food Companies 10.24x
Chile Market PE Ratio Median Figure of 130 Publicly-Listed Companies 10.71x

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

** Primary Listing of Ipal.

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

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

= 1210.5 ÷ -79.06

-15.31x

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

  • Ipal is loss making, we can't compare its value to the CL Food industry average.
  • Ipal is loss making, we can't compare the value of its earnings to the Chile market.
Price based on expected Growth
Does Ipal's expected growth come at a high price?
Raw Data
SNSE:IPAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.28x
Chile Market PEG Ratio Median Figure of 30 Publicly-Listed Companies 0.83x

*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 Ipal, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ipal's assets?
Raw Data
SNSE:IPAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP3,330.78
SNSE:IPAL Share Price * SNSE (2020-04-01) in CLP CLP1210.5
Chile Food Industry PB Ratio Median Figure of 22 Publicly-Listed Food Companies 0.77x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 0.81x
SNSE:IPAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1210.5 ÷ 3,330.78

0.36x

* Primary Listing of Ipal.

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

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

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 Ipal 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
8.4%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ipal expected to grow at an attractive rate?
  • Unable to compare Ipal's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ipal's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Ipal's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:IPAL Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Food Industry Earnings Growth Rate Market Cap Weighted Average 8.4%
South America Food Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Chile Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Chile Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*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:IPAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:IPAL Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 48,247 -594 -869
2019-06-30 57,504 1,102 830
2019-03-31 69,435 -284 3,201
2018-12-31 71,362 7,205 2,768
2018-09-30 69,084 5,786 909
2018-06-30 69,695 7,317 2,947
2018-03-31 72,253 4,341 5,447
2017-12-31 72,616 1,704 6,459
2017-09-30 77,018 677 8,758
2017-06-30 81,144 14,152 6,848
2017-03-31 83,607 15,869 4,530
2016-12-31 84,433 12,334 3,916

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ipal is high growth as no earnings estimate data is available.
  • Unable to determine if Ipal 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:IPAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ipal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:IPAL Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 -79.06
2019-06-30 75.46
2019-03-31 291.16
2018-12-31 251.78
2018-09-30 82.67
2018-06-30 268.10
2018-03-31 495.47
2017-12-31 587.52
2017-09-30 796.72
2017-06-30 622.96
2017-03-31 412.10
2016-12-31 356.21

*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 Ipal will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Ipal'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 Food, Beverage & Tobacco companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ipal'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.
Ipal 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 Ipal 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 Ipal's growth in the last year to its industry (Food).
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.
  • Ipal does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ipal's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ipal's 1-year growth to the CL Food industry average as it is not currently profitable.
Earnings and Revenue History
Ipal'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 Ipal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:IPAL Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 48,246.89 -869.12 13,163.33
2019-06-30 57,503.93 829.52 13,589.86
2019-03-31 69,435.44 3,200.78 14,406.70
2018-12-31 71,362.14 2,767.85 14,457.42
2018-09-30 69,084.11 908.82 13,897.27
2018-06-30 69,694.81 2,947.26 14,063.86
2018-03-31 72,253.32 5,446.81 13,800.46
2017-12-31 72,615.63 6,458.79 13,956.98
2017-09-30 77,017.93 8,758.48 14,120.07
2017-06-30 81,144.48 6,848.40 14,555.72
2017-03-31 83,607.02 4,530.30 15,352.38
2016-12-31 84,433.37 3,915.89 14,967.43
2016-09-30 77,417.93 13,647.18 14,978.38
2016-06-30 68,418.84 13,793.72 14,273.66
2016-03-31 56,621.99 12,273.78 12,651.72
2015-12-31 52,845.72 12,938.08 11,822.97
2015-09-30 49,939.67 2,392.24 10,452.37
2015-06-30 48,318.15 2,228.79 9,708.73
2015-03-31 46,708.49 2,362.87 9,027.65
2014-12-31 45,050.00 2,542.17 8,356.96
2014-09-30 43,523.78 1,940.44 7,264.02
2014-06-30 43,184.05 2,351.66 6,786.22
2014-03-31 44,012.23 2,516.31 7,174.48
2013-12-31 43,247.60 2,084.89 6,950.33
2013-09-30 45,818.83 2,403.01 7,426.52
2013-06-30 47,878.64 1,906.73 7,667.73

*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.
  • It is difficult to establish if Ipal has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ipal has efficiently used its assets last year compared to the CL Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ipal improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ipal'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 Food 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.
Ipal has a total score of 0/6, 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 Ipal'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 Ipal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ipal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ipal's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ipal'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 covered by short term assets, assets are 1.8x 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 Ipal Company Filings, last reported 6 months ago.

SNSE:IPAL Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 37,980.44 11,660.83 7,767.92
2019-06-30 39,690.60 10,793.60 8,017.15
2019-03-31 40,283.83 10,365.50 5,092.44
2018-12-31 40,403.14 10,229.23 15,443.51
2018-09-30 39,532.04 10,193.40 10,596.83
2018-06-30 39,510.65 10,188.85 9,234.81
2018-03-31 37,538.73 10,172.53 8,133.20
2017-12-31 38,209.97 10,124.84 12,613.94
2017-09-30 40,414.65 11,003.49 9,840.86
2017-06-30 38,344.00 15,807.70 6,300.72
2017-03-31 34,651.37 14,472.54 9,293.23
2016-12-31 34,343.63 10,191.70 14,068.50
2016-09-30 33,456.14 9,218.09 15,870.09
2016-06-30 33,286.18 9,065.41 7,089.60
2016-03-31 31,136.92 4,795.35 7,436.23
2015-12-31 31,393.27 1,795.20 13,284.19
2015-09-30 23,453.51 530.00 13,475.27
2015-06-30 23,128.51 723.20 7,622.81
2015-03-31 22,526.84 616.62 11,814.55
2014-12-31 22,163.28 611.06 17,683.15
2014-09-30 21,711.48 3,662.16 15,914.61
2014-06-30 21,567.22 3,603.86 15,414.94
2014-03-31 20,776.28 4,639.96 15,927.12
2013-12-31 20,279.20 2,438.84 15,628.68
2013-09-30 20,358.04 5,048.85 14,359.90
2013-06-30 19,781.91 5,138.06 12,053.88
  • Ipal's level of debt (30.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.7% vs 30.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Ipal is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Ipal'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. Ipal 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 Ipal'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
6.24%
Current annual income from Ipal dividends.
If you bought CLP2,000 of Ipal shares you are expected to receive CLP125 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?
  • Ipal's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (3.13%).
  • Ipal's dividend is below the markets top 25% of dividend payers in Chile (6.96%).
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:IPAL 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 0 Analyst Estimates (S&P Global) See Below
Chile Food Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 5.4%
Chile Market Average Dividend Yield Market Cap Weighted Average of 131 Stocks 5.1%
Chile Minimum Threshold Dividend Yield 10th Percentile 1.1%
Chile Bottom 25% Dividend Yield 25th Percentile 3.1%
Chile Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

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

SNSE:IPAL Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-05-30 75.533 6.240
2019-03-22 75.533 6.277
2018-05-31 176.257 14.688
2017-05-29 178.104 14.842
2017-03-30 178.104 14.842
2016-11-25 353.074 29.423
2016-05-27 353.100 29.425
2016-04-01 353.074 29.423
2015-06-01 69.375 6.132
2015-04-01 69.375 7.079
2014-11-24 56.896 5.806
2014-09-12 56.896 5.806
2014-05-30 56.896 5.806
2014-03-24 56.896 5.806
2013-11-28 69.939 7.137
2013-09-09 69.939 7.137
2013-05-30 69.939 7.137
2013-03-07 69.939 7.137
2012-05-31 120.000 12.245
2012-04-09 120.000 12.245
2011-09-01 111.763 12.257
2011-05-26 111.763 13.305
2011-03-31 111.763 13.821
2010-06-04 111.736 14.830
2010-03-08 111.736 16.763
2009-11-10 10.000 1.668

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 Ipal's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Ipal's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Ipal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ipal has a total score of 2/6, 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 Ipal'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
Max Von Velásquez
CEO Bio

Mr. Max Von Bischhoffshausen Velásquez is General Manager and Director at Empresas IPAL at Ipal S.A. Mr. Von Bischhoffshausen was General Manager of Empresas IPAL at Ipal S.A. since 2019. Mr. Von Bischhoffshausen holds Commercial Engineer Degree from the Adolfo Ibañez University.

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

Average tenure of the Ipal management team in years:

1.3
Average Tenure
  • The average tenure for the Ipal management team is less than 2 years, this suggests a new team.
Management Team

Max Von Velásquez

TITLE
GM & Director

Carolina Letelier

TITLE
Manager of Administration and Finance Services
TENURE
1.3 yrs

Francisca Gutiérrez

TITLE
Deputy Manager of People Management

José Andrés Calderón Avilés

TITLE
Comptroller

Alberto Carvajal

TITLE
General Manager of Hendaya
TENURE
1.3 yrs

Rodrigo Meunier

TITLE
General Manager of Vértice

Juan Cerda

TITLE
General Manager of Innovalim
TENURE
1.3 yrs
Board of Directors

Cristian Johnston

TITLE
Vice Chairman of the Board of Directors
COMPENSATION
CLP13M

Max Von Velásquez

TITLE
GM & Director

Gerardo Marti Casadevall

TITLE
Director
COMPENSATION
CLP13M

Heinrich Obermoller Canales

TITLE
Director
COMPENSATION
CLP12M

Amaia de Aretxabala Herazo

TITLE
Director

María de Aretxabala Herazo

TITLE
Director

José Luis Muñoz

TITLE
Director
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 Ipal'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. Ipal 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

Ipal S.A., through its subsidiaries, produces and sells food products in Chile. The company produces breakfasts, lunches, and snacks for school feeding programs under the Hendaya brand; and cereals, cereal bars, snacks, dehydrated products, dairy blends, and functional foods under the Proalsa brand. It also provides prepared meals and tailored gastronomic solutions for its clients, including casinos, restaurants, concessionaires, airlines, hospitals, etc., as well as frozen products under the Innovalim brand. In addition, the company engages in the development of real estate projects; tourism and agricultural businesses; and development of products for third parties, as well as food for the institutional market and concessionaires. Ipal S.A. was founded in 1952 and is based in Santiago, Chile.

Details
Name: Ipal S.A.
IPAL
Exchange: SNSE
Founded: 1952
CLP13,307,307,336
10,993,232
Website: http://www.ipal.cl
Address: Ipal S.A.
Orinoco 90,
22nd Floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE IPAL Ordinary Shares Santiago Stock Exchange CL CLP 09. Jan 1995
Number of employees
Current staff
Staff numbers
970
Ipal employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 18:01
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
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.