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Zona Franca de Iquique

SNSE:ZOFRI
Snowflake Description

Outstanding track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZOFRI
SNSE
CLP143B
Market Cap
  1. Home
  2. CL
  3. Real Estate
Company description

Zona Franca de Iquique S.A. operates premises for wholesale and retail business centers in the duty free zones of South America. The last earnings update was 75 days ago. More info.


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ZOFRI Share Price and Events
7 Day Returns
8.7%
SNSE:ZOFRI
8.1%
CL Real Estate
4.4%
CL Market
1 Year Returns
-9.1%
SNSE:ZOFRI
13%
CL Real Estate
-10%
CL Market
ZOFRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zona Franca de Iquique (ZOFRI) 8.7% -13.3% -13.5% -9.1% 17.1% 6.6%
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
  • ZOFRI underperformed the Real Estate industry which returned 13% over the past year.
  • ZOFRI matched the Chile Market (-10%) over the past year.
Price Volatility
ZOFRI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Zona Franca de Iquique's competitors could be found in our database.

ZOFRI Value

 Is Zona Franca de Iquique 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 Zona Franca de Iquique 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 Zona Franca de Iquique.

SNSE:ZOFRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
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:ZOFRI
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%) (0%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.033 * 5.96%)
8.89%

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

The calculations below outline how an intrinsic value for Zona Franca de Iquique 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:ZOFRI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CLP, Millions) Source Present Value
Discounted (@ 8.89%)
2020 20,503.09 Est @ -0.64% 18,829.55
2021 20,578.75 Est @ 0.37% 17,356.42
2022 20,800.45 Est @ 1.08% 16,111.45
2023 21,127.66 Est @ 1.57% 15,029.13
2024 21,533.35 Est @ 1.92% 14,067.43
2025 21,999.15 Est @ 2.16% 13,198.65
2026 22,512.43 Est @ 2.33% 12,404.14
2027 23,064.49 Est @ 2.45% 11,671.02
2028 23,649.30 Est @ 2.54% 10,990.16
2029 24,262.74 Est @ 2.59% 10,354.90
Present value of next 10 years cash flows CLP140,012.00
SNSE:ZOFRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CLP24,262.74 × (1 + 2.73%) ÷ (8.89% – 2.73%)
CLP404,770.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CLP404,770.44 ÷ (1 + 8.89%)10
CLP172,748.78
SNSE:ZOFRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CLP140,012.00 + CLP172,748.78
CLP312,760.78
Equity Value per Share
(CLP)
= Total value / Shares Outstanding
= CLP312,760.78 / 220.57
CLP1417.97
SNSE:ZOFRI Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP1,417.97
Current discount Discount to share price of CLP650.00
= -1 x (CLP650.00 - CLP1,417.97) / CLP1,417.97
54.2%

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

Current Discount
Amount off the current price Zona Franca de Iquique is available for.
Intrinsic value
>50%
Share price is CLP650 vs Future cash flow value of CLP1417.97
Current Discount Checks
For Zona Franca de Iquique to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zona Franca de Iquique's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zona Franca de Iquique's share price is below the future cash flow value, and 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 Zona Franca de Iquique's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zona Franca de Iquique's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:ZOFRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CLP CLP69.62
SNSE:ZOFRI Share Price ** SNSE (2019-11-18) in CLP CLP650
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 Zona Franca de Iquique.

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

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

= 650 ÷ 69.62

9.34x

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

  • Zona Franca de Iquique is good value based on earnings compared to the CL Real Estate industry average.
  • Zona Franca de Iquique is good value based on earnings compared to the Chile market.
Price based on expected Growth
Does Zona Franca de Iquique's expected growth come at a high price?
Raw Data
SNSE:ZOFRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Zona Franca de Iquique, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zona Franca de Iquique's assets?
Raw Data
SNSE:ZOFRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CLP CLP216.82
SNSE:ZOFRI Share Price * SNSE (2019-11-18) in CLP CLP650
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:ZOFRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 650 ÷ 216.82

3x

* Primary Listing of Zona Franca de Iquique.

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

  • Zona Franca de Iquique is overvalued based on assets compared to the CL Real Estate industry average.
X
Value checks
We assess Zona Franca de Iquique'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. Zona Franca de Iquique has a total score of 4/6, 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.

ZOFRI Future Performance

 How is Zona Franca de Iquique 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 Zona Franca de Iquique 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
11.7%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zona Franca de Iquique expected to grow at an attractive rate?
  • Unable to compare Zona Franca de Iquique's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zona Franca de Iquique's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Zona Franca de Iquique's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:ZOFRI Future Growth Rates Data Sources
Data Point Source Value (per year)
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:ZOFRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:ZOFRI Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-06-30 39,928 20,636 15,357
2019-03-31 39,435 21,482 15,295
2018-12-31 39,471 21,591 15,563
2018-09-30 37,917 18,263 13,454
2018-06-30 37,396 18,837 12,879
2018-03-31 37,025 19,456 12,374
2017-12-31 36,783 21,679 12,004
2017-09-30 36,068 29,603 11,458
2017-06-30 35,718 21,484 11,733
2017-03-31 35,239 25,408 11,328
2016-12-31 34,039 23,510 10,347
2016-09-30 32,598 12,734 9,963

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zona Franca de Iquique is high growth as no earnings estimate data is available.
  • Unable to determine if Zona Franca de Iquique 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:ZOFRI 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 0 Analyst Estimates (S&P Global) See Below

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

SNSE:ZOFRI Past Financials Data
Date (Data in CLP Millions) EPS *
2019-06-30 69.62
2019-03-31 69.34
2018-12-31 70.56
2018-09-30 60.99
2018-06-30 58.39
2018-03-31 56.10
2017-12-31 54.42
2017-09-30 51.95
2017-06-30 53.19
2017-03-31 51.36
2016-12-31 46.91
2016-09-30 45.17

*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 Zona Franca de Iquique will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Zona Franca de Iquique is trading at Zona Franca de Iquique'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Zona Franca de Iquique'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 Real Estate companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zona Franca de Iquique'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.
Zona Franca de Iquique 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.

ZOFRI Past Performance

  How has Zona Franca de Iquique 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 Zona Franca de Iquique'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.
  • Zona Franca de Iquique's year on year earnings growth rate has been positive over the past 5 years.
  • Zona Franca de Iquique's 1-year earnings growth exceeds its 5-year average (19.2% vs 13.2%)
  • Zona Franca de Iquique's earnings growth has exceeded the CL Real Estate industry average in the past year (19.2% vs -7.1%).
Earnings and Revenue History
Zona Franca de Iquique'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 Zona Franca de Iquique Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:ZOFRI Past Revenue, Cash Flow and Net Income Data
Date (Data in CLP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 39,928.18 15,356.71 6,683.64
2019-03-31 39,434.87 15,295.32 6,890.26
2018-12-31 39,471.29 15,562.62 6,639.73
2018-09-30 37,917.48 13,453.77 7,205.71
2018-06-30 37,395.90 12,878.84 6,935.30
2018-03-31 37,025.38 12,374.21 6,695.28
2017-12-31 36,782.97 12,003.60 6,517.52
2017-09-30 36,068.24 11,457.70 6,241.79
2017-06-30 35,718.16 11,732.78 6,242.58
2017-03-31 35,239.43 11,327.92 5,968.43
2016-12-31 34,038.53 10,346.58 6,108.16
2016-09-30 32,597.59 9,963.04 6,153.08
2016-06-30 31,969.55 9,172.63 7,150.17
2016-03-31 31,215.75 9,391.61 7,572.75
2015-12-31 31,124.41 9,797.54 7,565.99
2015-09-30 30,970.11 10,917.77 8,057.72
2015-06-30 30,042.70 9,975.01 7,652.22
2015-03-31 29,329.50 8,596.37 7,771.73
2014-12-31 28,068.85 7,881.61 7,855.52
2014-09-30 27,399.96 7,579.10 6,895.22
2014-06-30 26,459.90 8,314.35 6,273.40
2014-03-31 25,895.86 9,524.81 5,895.54
2013-12-31 25,339.21 9,694.63 5,689.30
2013-09-30 25,078.58 8,991.71 5,545.00
2013-06-30 24,851.88 8,994.62 5,551.01
2013-03-31 24,461.82 8,573.82 5,588.12
2012-12-31 24,330.54 8,832.49 5,465.77

*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.
  • Zona Franca de Iquique has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Zona Franca de Iquique used its assets more efficiently than the CL Real Estate industry average last year based on Return on Assets.
  • Zona Franca de Iquique has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zona Franca de Iquique'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.
Zona Franca de Iquique has a total score of 6/6, 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.

ZOFRI Health

 How is Zona Franca de Iquique'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 Zona Franca de Iquique's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zona Franca de Iquique's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zona Franca de Iquique's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zona Franca de Iquique'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.
  • Zona Franca de Iquique has no debt, it does not need to be covered by short term assets.
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 Zona Franca de Iquique Company Filings, last reported 4 months ago.

SNSE:ZOFRI Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 47,824.02 0.00 10,222.31
2019-03-31 52,055.22 0.00 11,957.91
2018-12-31 48,604.96 0.00 12,008.46
2018-09-30 48,405.24 0.00 7,120.15
2018-06-30 44,833.31 0.00 7,717.19
2018-03-31 47,309.56 0.00 7,920.40
2017-12-31 43,592.00 0.00 7,555.37
2017-09-30 44,508.28 0.00 3,244.42
2017-06-30 41,574.59 4,013.38 4,197.60
2017-03-31 43,801.07 4,014.99 3,891.91
2016-12-31 40,469.03 13,059.66 3,123.85
2016-09-30 41,442.55 13,057.92 3,959.79
2016-06-30 38,225.64 13,059.80 4,015.50
2016-03-31 39,802.71 13,061.54 971.39
2015-12-31 38,146.79 13,059.37 1,807.91
2015-09-30 36,581.09 13,059.37 3,250.96
2015-06-30 34,567.87 17,040.93 2,717.13
2015-03-31 37,657.49 17,135.64 3,602.87
2014-12-31 34,885.96 17,089.66 3,450.78
2014-09-30 34,384.10 17,100.69 4,360.83
2014-06-30 32,845.18 17,108.87 2,648.28
2014-03-31 36,272.86 17,087.59 4,719.30
2013-12-31 34,216.09 17,093.93 5,308.89
2013-09-30 34,560.64 3,008.23 1,725.82
2013-06-30 32,286.47 3,013.80 2,598.92
2013-03-31 35,839.17 0.00 1,511.80
2012-12-31 33,612.59 0.00 4,109.90
  • Zona Franca de Iquique has no debt.
  • Zona Franca de Iquique has no debt compared to 5 years ago when it was 52.1%.
  • Zona Franca de Iquique has no debt, it does not need to be covered by operating cash flow.
  • Zona Franca de Iquique has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zona Franca de Iquique'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. Zona Franca de Iquique 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.

ZOFRI Dividends

 What is Zona Franca de Iquique'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
8.68%
Current annual income from Zona Franca de Iquique dividends.
If you bought CLP2,000 of Zona Franca de Iquique shares you are expected to receive CLP174 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?
  • Zona Franca de Iquique's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Zona Franca de Iquique's dividend is above the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:ZOFRI 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 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:ZOFRI Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-05-30 56.445 7.614
2019-03-25 56.445 7.489
2018-05-23 43.537 5.947
2018-03-16 43.537 5.848
2017-05-31 37.527 5.718
2017-02-28 37.527 6.543
2016-08-29 35.535 6.594
2016-05-30 35.535 7.007
2016-03-03 35.535 6.498
2015-06-01 28.586 5.390
2015-04-01 28.586 4.926
2014-11-28 35.162 6.080
2014-05-23 35.162 5.946
2014-03-04 35.162 5.241
2013-10-30 43.044 6.670
2013-08-29 40.044 6.062
2013-04-30 43.044 6.922
2013-03-04 43.044 7.259
2012-08-24 42.082 8.040
2012-05-28 42.082 9.510
2012-04-09 42.082 9.930
2011-08-29 37.025 9.205
2011-05-26 37.025 8.220
2011-03-18 37.025 7.541
2010-05-28 41.726 8.509
2010-02-26 41.726 8.656
2009-04-23 57.740 13.423
2009-03-02 57.740 18.087

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Zona Franca de Iquique's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zona Franca de Iquique'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 Zona Franca de Iquique afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zona Franca de Iquique has a total score of 3/6, see the detailed checks below.


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

ZOFRI Management

 What is the CEO of Zona Franca de Iquique'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
Claudio Pommiez Ilufi
TENURE AS CEO 0.6 years
CEO Bio

Mr. Claudio Pommiez Ilufi is General Manager at Zona Franca de Iquique S.A. since April 2019.

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

Average tenure of the Zona Franca de Iquique management team in years:

0.8
Average Tenure
  • The average tenure for the Zona Franca de Iquique management team is less than 2 years, this suggests a new team.
Management Team

Claudio Pommiez Ilufi

TITLE
General Manager
TENURE
0.6 yrs

Mario Pingel

TITLE
Manager for Administration & Finance
TENURE
0.8 yrs

Bernardo Bolados

TITLE
Operations Manager
TENURE
0.8 yrs

Jorge Meza Vega

TITLE
Assistant Manager for Accounting

Johanna Valeska Díaz Riquelme

TITLE
Legal Affairs Manager
TENURE
0.6 yrs

Rubén Rosas Matamala

TITLE
Assistant Manager for Corporate Affairs & Communication

Patricia Espinosa Gómez

TITLE
Assistant Manager for Marketing

Jaime Enrique Soto Zura

TITLE
Planning & Development Manager
TENURE
0.8 yrs

José Pedro Holzapfel

TITLE
Commercial Manager
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Zona Franca de Iquique board of directors in years:

0.8
Average Tenure
  • The average tenure for the Zona Franca de Iquique board of directors is less than 3 years, this suggests a new board.
Board of Directors

Vladimir Sciaraffia Valenzuela

TITLE
Chairman of the Board

Paola Bruzzone Goldsmith

TITLE
Vice Chairman of the Board

Gonzalo De Urruticoechea Sartorius

TITLE
Director
COMPENSATION
CLP12M
TENURE
7.6 yrs

Adriana Tapia Cifuentes

TITLE
Director

Raúl Aronsohn Falickmann

TITLE
Director

Matías Acevedo Ferrer

TITLE
Director
TENURE
0.8 yrs

Marie Paule Ithurbisquy Laporte

TITLE
Director
TENURE
0.8 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 Zona Franca de Iquique'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. Zona Franca de Iquique 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.

ZOFRI News

Simply Wall St News

ZOFRI Company Info

Description

Zona Franca de Iquique S.A. operates premises for wholesale and retail business centers in the duty free zones of South America. It offers required infrastructure for companies to store, commercialize, and distribute their products in the markets. The company’s services include food gardens, toilets, cleaning, security, street lighting, paved avenues and streets, sewage and drinking water systems, telephone networks, and online services, as well as high, medium, and low voltage lines. It also operates logistics centers. Zona Franca de Iquique S.A. is based in Iquique, Chile.

Details
Name: Zona Franca de Iquique S.A.
ZOFRI
Exchange: SNSE
Founded:
CLP143,370,015,750
220,569,255
Website: http://www.zofri.cl
Address: Zona Franca de Iquique S.A.
Edificio Convenciones S/N,
Recinto Amurallado Zofri,
Iquique,
Tarapaca, Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE ZOFRI Common Shares Santiago Stock Exchange CL CLP 07. Dec 1992
Number of employees
Current staff
Staff numbers
273
Zona Franca de Iquique employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:03
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/09/05
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.