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Plaza

SNSE:MALLPLAZA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MALLPLAZA
SNSE
CLP3,171B
Market Cap
  1. Home
  2. CL
  3. Real Estate
Company description

Plaza S.A. develops, builds, administers, manages, exploits, leases, and subleeses premises and spaces in shopping centers in Latin America. The last earnings update was 7 days ago. More info.


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MALLPLAZA Share Price and Events
7 Day Returns
13.9%
SNSE:MALLPLAZA
8.1%
CL Real Estate
4.4%
CL Market
1 Year Returns
12.2%
SNSE:MALLPLAZA
13%
CL Real Estate
-10%
CL Market
MALLPLAZA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plaza (MALLPLAZA) 13.9% -12.7% -3.1% 12.2% - -
CL Real Estate 8.1% -12.4% -2% 13% 22% 51.2%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • MALLPLAZA matched the Real Estate industry (13%) over the past year.
  • MALLPLAZA outperformed the Market in Chile which returned -10% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

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

MALLPLAZA Value

 Is Plaza 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 Plaza 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 Plaza.

SNSE:MALLPLAZA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
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:MALLPLAZA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 26%) (29.69%))
1.188
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% + (1.188 * 5.96%)
9.81%

Discounted Cash Flow Calculation for SNSE:MALLPLAZA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Plaza is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SNSE:MALLPLAZA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CLP, Millions) Source Present Value
Discounted (@ 9.81%)
2020 243,438.50 Est @ 7.3% 221,693.41
2021 257,866.50 Est @ 5.93% 213,856.24
2022 270,676.60 Est @ 4.97% 204,428.40
2023 282,305.97 Est @ 4.3% 194,166.40
2024 293,108.37 Est @ 3.83% 183,588.61
2025 303,359.95 Est @ 3.5% 173,037.12
2026 313,271.57 Est @ 3.27% 162,729.21
2027 323,002.08 Est @ 3.11% 152,796.48
2028 332,670.39 Est @ 2.99% 143,313.03
2029 342,365.36 Est @ 2.91% 134,315.11
Present value of next 10 years cash flows CLP1,783,924.00
SNSE:MALLPLAZA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CLP342,365.36 × (1 + 2.73%) ÷ (9.81% – 2.73%)
CLP4,968,640.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CLP4,968,640.19 ÷ (1 + 9.81%)10
CLP1,949,272.69
SNSE:MALLPLAZA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CLP1,783,924.00 + CLP1,949,272.69
CLP3,733,196.69
Equity Value per Share
(CLP)
= Total value / Shares Outstanding
= CLP3,733,196.69 / 1,960.00
CLP1904.69
SNSE:MALLPLAZA Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP1,904.69
Current discount Discount to share price of CLP1,617.70
= -1 x (CLP1,617.70 - CLP1,904.69) / CLP1,904.69
15.1%

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

Current Discount
Amount off the current price Plaza is available for.
Intrinsic value
15%
Share price is CLP1617.7 vs Future cash flow value of CLP1904.69
Current Discount Checks
For Plaza to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Plaza's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Plaza's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Plaza's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plaza's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:MALLPLAZA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP58.80
SNSE:MALLPLAZA Share Price ** SNSE (2019-11-18) in CLP CLP1617.7
Chile Real Estate Industry PE Ratio Median Figure of 5 Publicly-Listed Real Estate Companies 16.36x
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 Plaza.

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

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

= 1617.7 ÷ 58.80

27.51x

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

  • Plaza is overvalued based on earnings compared to the CL Real Estate industry average.
  • Plaza is overvalued based on earnings compared to the Chile market.
Price based on expected Growth
Does Plaza's expected growth come at a high price?
Raw Data
SNSE:MALLPLAZA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.5%per year
South America Real Estate Industry PEG Ratio Median Figure of 9 Publicly-Listed Real Estate Companies 1.69x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.51x ÷ 16.5%

1.67x

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

  • Plaza is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Plaza's assets?
Raw Data
SNSE:MALLPLAZA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP902.79
SNSE:MALLPLAZA Share Price * SNSE (2019-11-18) in CLP CLP1617.7
Chile Real Estate Industry PB Ratio Median Figure of 7 Publicly-Listed Real Estate Companies 0.98x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:MALLPLAZA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1617.7 ÷ 902.79

1.79x

* Primary Listing of Plaza.

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

  • Plaza is overvalued based on assets compared to the CL Real Estate industry average.
X
Value checks
We assess Plaza'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Plaza has a total score of 0/6, 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.

MALLPLAZA Future Performance

 How is Plaza expected to perform in the next 1 to 3 years based on estimates from 5 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
16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plaza expected to grow at an attractive rate?
  • Plaza's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Plaza's earnings growth is expected to exceed the Chile market average.
  • Plaza's revenue growth is expected to exceed the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:MALLPLAZA Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:MALLPLAZA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.5%
SNSE:MALLPLAZA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.4%
Chile Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
South America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9%
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:MALLPLAZA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CLP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:MALLPLAZA Future Estimates Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 389,008 170,767 5
2020-12-31 360,958 158,355 5
2019-12-31 329,385 131,368 4
2019-11-19
SNSE:MALLPLAZA Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 325,038 228,167 115,225
2019-06-30 322,306 215,525 112,548
2019-03-31 317,614 208,919 120,744
2018-12-31 312,133 206,880 117,359
2018-09-30 304,976 204,368 115,731
2018-06-30 296,489 202,989 116,111
2018-03-31 288,931 208,690 104,956
2017-12-31 283,144 196,108 105,978
2017-09-30 271,855 189,808 102,111
2017-06-30 267,683 195,137 144,250
2017-03-31 263,708 188,581 139,816
2016-12-31 261,498 190,369 136,583

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plaza's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
  • Plaza's revenue is expected to grow by 8.4% 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:MALLPLAZA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Plaza Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:MALLPLAZA Future Estimates Data
Date (Data in CLP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 87.13 87.13 87.13 1.00
2020-12-31 80.79 80.79 80.79 1.00
2019-12-31 67.02 67.02 67.02 1.00
2019-11-19
SNSE:MALLPLAZA Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 58.80
2019-06-30 57.42
2019-03-31 61.61
2018-12-31 59.88
2018-09-30 59.04
2018-06-30 59.24
2018-03-31 53.55
2017-12-31 54.07
2017-09-30 52.10
2017-06-30 73.60
2017-03-31 71.34
2016-12-31 69.69

*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.
  • Plaza is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Plaza'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.
Plaza has a total score of 3/6, 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.

MALLPLAZA Past Performance

  How has Plaza 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 Plaza's growth in the last year to its industry (Real Estate).
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.
  • Plaza's year on year earnings growth rate has been positive over the past 5 years.
  • Plaza's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Plaza's 1-year earnings growth is negative, it can't be compared to the CL Real Estate industry average.
Earnings and Revenue History
Plaza'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 Plaza Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:MALLPLAZA Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 325,038.20 115,224.78 35,865.73
2019-06-30 322,306.26 112,547.64 36,690.11
2019-03-31 317,614.49 120,743.80 36,507.05
2018-12-31 312,133.33 117,358.62 35,344.10
2018-09-30 304,976.28 115,731.02 34,448.28
2018-06-30 296,488.72 116,110.80 35,221.19
2018-03-31 288,930.86 104,955.80 36,517.27
2017-12-31 283,143.75 105,978.14 35,582.37
2017-09-30 271,855.22 102,111.50 33,819.32
2017-06-30 267,682.74 144,250.25 31,455.65
2017-03-31 263,707.90 139,816.12 28,335.20
2016-12-31 261,498.25 136,582.96 28,672.38
2016-09-30 263,725.56 142,280.23 26,627.26
2016-06-30 261,042.55 94,938.79 24,801.01
2016-03-31 256,840.30 93,778.48 24,775.58
2015-12-31 250,485.88 88,073.44 26,809.15
2015-09-30 246,764.03 85,846.83 25,437.26
2015-06-30 240,065.55 86,049.08 27,177.49
2015-03-31 235,592.83 84,138.96 26,982.61
2014-12-31 229,269.12 83,294.31 24,549.94
2014-09-30 216,472.89 83,554.88 26,682.44
2014-06-30 208,908.46 80,950.78 24,904.41
2014-03-31 201,491.02 87,180.86 24,099.00
2013-12-31 193,772.13 89,561.60 23,210.96
2013-09-30 188,396.40 86,942.71 21,372.65
2013-06-30 182,281.63 56,669.57 19,993.41
2013-03-31 173,461.41 53,311.60 18,214.60
2012-12-31 166,333.30 48,057.79 17,185.65

*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.
  • Plaza has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Plaza used its assets more efficiently than the CL Real Estate industry average last year based on Return on Assets.
  • Plaza's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Plaza'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 Real Estate 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.
Plaza 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.

MALLPLAZA Health

 How is Plaza'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 Plaza's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plaza is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plaza's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Plaza'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 0.2x 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 Plaza Company Filings, last reported 1 month ago.

SNSE:MALLPLAZA Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,902,568.66 925,113.23 33,379.16
2019-06-30 1,870,743.31 925,341.35 28,004.97
2019-03-31 1,853,900.33 925,534.75 57,648.53
2018-12-31 1,828,422.69 942,468.09 51,555.59
2018-09-30 1,837,155.04 944,520.63 33,046.38
2018-06-30 1,808,828.16 943,408.37 29,015.21
2018-03-31 1,775,460.36 945,813.93 47,580.19
2017-12-31 1,743,619.80 936,596.47 28,040.37
2017-09-30 1,756,578.40 920,326.04 21,849.25
2017-06-30 1,730,898.79 906,184.68 17,800.21
2017-03-31 1,716,200.35 887,142.02 32,301.80
2016-12-31 1,681,896.07 870,259.92 21,736.41
2016-09-30 1,359,972.65 856,196.33 26,814.37
2016-06-30 1,295,085.99 856,957.03 17,461.50
2016-03-31 1,279,271.29 864,409.13 61,108.97
2015-12-31 1,590,202.29 867,181.14 32,176.05
2015-09-30 1,250,597.46 881,653.02 42,239.20
2015-06-30 1,223,878.48 848,192.54 15,249.42
2015-03-31 1,211,479.12 822,092.95 24,946.20
2014-12-31 1,195,607.39 834,976.44 15,775.98
2014-09-30 1,197,961.90 827,168.47 17,849.31
2014-06-30 1,244,453.18 823,916.60 39,791.28
2014-03-31 1,227,721.66 816,089.91 90,061.01
2013-12-31 1,207,368.30 827,234.57 101,928.07
2013-09-30 1,208,044.55 712,619.81 17,312.93
2013-06-30 1,181,773.92 691,483.09 23,904.66
2013-03-31 1,172,797.57 692,790.09 75,729.29
2012-12-31 1,148,180.76 631,306.87 44,151.97
  • Plaza's level of debt (48.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.1% vs 48.6% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Plaza'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. Plaza has a total score of 4/6, 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.

MALLPLAZA Dividends

 What is Plaza'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
1.48%
Current annual income from Plaza dividends. Estimated to be 1.9% next year.
If you bought CLP2,000 of Plaza shares you are expected to receive CLP30 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?
  • Plaza's pays a lower dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Plaza'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:MALLPLAZA 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 5 Analyst Estimates (S&P Global) See Below
Chile Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.9%
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:MALLPLAZA Future Dividends Estimate Data
Date (Data in CLP) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 38.20 5.00
2020-12-31 28.05 5.00
2019-12-31 25.81 5.00
2019-11-19
SNSE:MALLPLAZA Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-05-14 24.000 1.448
2019-02-26 24.000 1.494
2018-11-14 12.000 0.804
2018-08-29 12.000 0.831

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

  • It is too early to tell whether Plaza has stable dividend payments.
  • Plaza only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Plaza's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Plaza'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 Plaza afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plaza 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.

MALLPLAZA Management

 What is the CEO of Plaza'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
Fernando de Peña Iver
CEO Bio

Mr. Fernando de Peña Iver serves as General Manager of Plaza S.A. and has been its Executive Vice President since 2008. Mr. de Peña Iver has been Chief Executive Officer of Mall Plaza at S.A.C.I. Falabella since January 01, 1990 and served as its Executive Vice President and its Executive Vice Chairman. Mr. de Peña Iver serves as Executive Vice Chairman at S.A.C.I. Falabella. He is a Civil Engineer. He is 28 years employed by Falabella Group. He has a degree in Industrial Civil Engineering from the Pontificia Universidad Católica de Chile.

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

Average tenure of the Plaza management team in years:

8.3
Average Tenure
  • The average tenure for the Plaza management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fernando de Peña Iver

TITLE
GM & Executive VP

Pablo Cortés De Solminihac

TITLE
Corporate Manager of Administration & Finance
TENURE
11.8 yrs

Cristián Somarriva Labra

TITLE
Corporate Manager of Development
TENURE
7.8 yrs

Vicente Núñez Pinochet

TITLE
Regional Manager of Personnel
TENURE
5.8 yrs

Julio Allel Facusse

TITLE
Comptroller
TENURE
8.8 yrs
Board of Directors

Sergio Cardone Solari

TITLE
Chairman of the Board

Carlo Solari Donaggio

TITLE
Director

José Pablo Arellano Marín

TITLE
Director
AGE
67

Paul Fürst Gwinner

TITLE
Director

Tomás Müller Benoit

TITLE
Director

Juan Pablo Montero Schepeler

TITLE
Director

Alejandro Puentes Bruno

TITLE
Director

Pablo Eyzaguirre Court

TITLE
Director

Claudia Manuela Sánchez 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 Plaza'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. Plaza 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.

MALLPLAZA News

Simply Wall St News

MALLPLAZA Company Info

Description

Plaza S.A. develops, builds, administers, manages, exploits, leases, and subleeses premises and spaces in shopping centers in Latin America. The company operates 22 shopping centers. The company operates its shopping centers under the Mall Plaza, Autoplaza, and Motorplaza brands in Chile and Peru. The company was founded in 1990 and is based in Santiago, Chile. Plaza SA is a subsidiary of Desarrollos Inmobiliarios S.A.

Details
Name: Plaza S.A.
MALLPLAZA
Exchange: SNSE
Founded: 1990
CLP3,170,692,000,000
1,960,000,000
Website: http://www.mallplaza.cl
Address: Plaza S.A.
Avenida Américo Vespucio No. 1737,
9th floor,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE MALLPLAZA Ordinary Shares Santiago Stock Exchange CL CLP 20. Jul 2018
Number of employees
Current staff
Staff numbers
638
Plaza employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:14
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/12
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.