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Compañía General de Electricidad

SNSE:CGE
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CGE
SNSE
CLP1,272B
Market Cap
  1. Home
  2. CL
  3. Utilities
Company description

Compañía General de Electricidad S.A., together with its subsidiaries, generates, distributes, and supplies electricity in Chile and Argentina. The last earnings update was 23 days ago. More info.


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CGE Share Price and Events
7 Day Returns
0%
SNSE:CGE
5%
CL Electric Utilities
6%
CL Market
1 Year Returns
10.4%
SNSE:CGE
14.4%
CL Electric Utilities
-10.6%
CL Market
CGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Compañía General de Electricidad (CGE) 0% 0% 3.1% 10.4% - -
CL Electric Utilities 5% 4.7% 18.6% 14.4% 13.3% -22.6%
CL Market 6% -5.1% -1.2% -10.6% 4.8% -0.2%
1 Year Return vs Industry and Market
  • CGE underperformed the Electric Utilities industry which returned 14.4% over the past year.
  • CGE outperformed the Market in Chile which returned -10.6% over the past year.
Price Volatility
CGE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Compañía General de Electricidad 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 Compañía General de Electricidad 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 Compañía General de Electricidad.

SNSE:CGE 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 12.000000
Payout Ratio Company Filings (2019-09-30) 2684%
Discount Rate (Cost of Equity) See below 7.5%
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:CGE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.325 (1 + (1- 26%) (95.89%))
0.327
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)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Compañía General de Electricidad 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:CGE Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CLP12 / (7.5% - 2.73%)
CLP251.68
SNSE:CGE Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP251.68
Current discount Discount to share price of CLP629.00
= -1 x (CLP629.00 - CLP251.68) / CLP251.68
-149.9%

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

  • The current share price of Compañía General de Electricidad 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 Compañía General de Electricidad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Compañía General de Electricidad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:CGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP-2.86
SNSE:CGE Share Price ** SNSE (2019-11-21) in CLP CLP629
Chile Electric Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies 11.71x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 12.99x

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

** Primary Listing of Compañía General de Electricidad.

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

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

= 629 ÷ -2.86

-219.74x

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

  • Compañía General de Electricidad is loss making, we can't compare its value to the CL Electric Utilities industry average.
  • Compañía General de Electricidad is loss making, we can't compare the value of its earnings to the Chile market.
Price based on expected Growth
Does Compañía General de Electricidad's expected growth come at a high price?
Raw Data
SNSE:CGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -219.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Electric Utilities Industry PEG Ratio Median Figure of 18 Publicly-Listed Electric Utilities Companies 0.62x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.1x

*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 Compañía General de Electricidad, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Compañía General de Electricidad's assets?
Raw Data
SNSE:CGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP919.38
SNSE:CGE Share Price * SNSE (2019-11-21) in CLP CLP629
Chile Electric Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Electric Utilities Companies 1.41x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.02x
SNSE:CGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 629 ÷ 919.38

0.68x

* Primary Listing of Compañía General de Electricidad.

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

  • Compañía General de Electricidad is good value based on assets compared to the CL Electric Utilities industry average.
X
Value checks
We assess Compañía General de Electricidad'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Compañía General de Electricidad 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 Compañía General de Electricidad 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 Compañía General de Electricidad 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
5.7%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Compañía General de Electricidad expected to grow at an attractive rate?
  • Unable to compare Compañía General de Electricidad's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Compañía General de Electricidad's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Compañía General de Electricidad's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:CGE Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
South America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Chile Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SNSE:CGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:CGE Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 1,777,606 132,468 -5,786
2019-06-30 1,746,444 99,514 -2,512
2019-03-31 1,711,538 97,742 41,169
2018-12-31 1,680,422 118,663 33,890
2018-09-30 1,665,071 70,241 182,315
2018-06-30 1,664,629 93,292 191,377
2018-03-31 1,691,931 14,020 162,351
2017-12-31 1,715,059 9,533 179,105
2017-09-30 1,706,557 159,119 173,974
2017-06-30 1,691,431 233,350 173,867
2017-03-31 1,667,793 304,376 111,724
2016-12-31 1,667,631 317,654 92,247

*GAAP earnings excluding extraordinary items.

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

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

SNSE:CGE Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 -2.86
2019-06-30 -1.24
2019-03-31 20.35
2018-12-31 16.74
2018-09-30 90.36
2018-06-30 94.98
2018-03-31 80.88
2017-12-31 89.56
2017-09-30 86.88
2017-06-30 75.35
2017-03-31 51.93
2016-12-31 46.23

*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 Compañía General de Electricidad will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Compañía General de Electricidad'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 Utilities 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 Compañía General de Electricidad'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.
Compañía General de Electricidad 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 Compañía General de Electricidad 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 Compañía General de Electricidad's growth in the last year to its industry (Electric Utilities).
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.
  • Compañía General de Electricidad does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Compañía General de Electricidad's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Compañía General de Electricidad's 1-year growth to the CL Electric Utilities industry average as it is not currently profitable.
Earnings and Revenue History
Compañía General de Electricidad'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 Compañía General de Electricidad Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:CGE 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 1,777,605.79 -5,786.17 123,129.81
2019-06-30 1,746,444.18 -2,511.77 120,864.33
2019-03-31 1,711,537.75 41,168.58 124,054.37
2018-12-31 1,680,422.14 33,889.64 131,942.96
2018-09-30 1,665,071.08 182,314.54 142,008.96
2018-06-30 1,664,629.41 191,376.84 160,239.82
2018-03-31 1,691,930.94 162,351.00 165,507.55
2017-12-31 1,715,058.59 179,105.26 166,794.96
2017-09-30 1,706,557.07 173,974.10 148,433.41
2017-06-30 1,691,430.97 173,867.39 138,828.87
2017-03-31 1,667,793.44 111,723.61 137,978.74
2016-12-31 1,667,630.92 92,246.67 131,949.16
2016-09-30 1,669,824.57 -38,856.42 119,389.83
2016-06-30 1,658,018.26 -64,811.38 105,200.84
2016-03-31 1,535,062.65 -43,817.53 87,681.54
2015-12-31 1,604,880.57 -39,159.40 96,741.94
2014-12-31 616,188.73 -37,452.94 71,267.06

*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 Compañía General de Electricidad has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Compañía General de Electricidad used its assets less efficiently than the CL Electric Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if Compañía General de Electricidad 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 Compañía General de Electricidad'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 Electric Utilities 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.
Compañía General de Electricidad 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 Compañía General de Electricidad'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 Compañía General de Electricidad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Compañía General de Electricidad is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Compañía General de Electricidad's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Compañía General de Electricidad'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 0.5x 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 Compañía General de Electricidad Company Filings, last reported 1 month ago.

SNSE:CGE Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,900,930.91 1,211,390.43 17,193.37
2019-06-30 1,904,804.34 1,217,997.82 39,483.87
2019-03-31 1,860,535.86 1,277,209.77 16,147.33
2018-12-31 1,844,064.51 1,281,932.79 10,410.80
2018-09-30 1,900,296.94 1,158,303.94 8,566.00
2018-06-30 1,782,507.20 1,136,857.52 4,662.27
2018-03-31 1,717,327.53 1,189,361.75 5,534.37
2017-12-31 1,719,323.62 1,136,334.13 7,218.17
2017-09-30 1,649,295.93 1,094,825.39 5,407.23
2017-06-30 1,644,558.39 1,046,445.59 14,218.84
2017-03-31 1,625,419.99 1,053,564.98 91,012.69
2016-12-31 1,607,666.24 1,058,617.17 108,950.03
2016-09-30 1,544,709.12 1,056,490.61 67,201.60
2016-06-30 2,847,815.10 1,492,747.30 148,437.31
2016-03-31 2,274,564.33 2,125,267.00 60,142.20
2015-12-31 2,274,564.33 2,125,267.00 60,142.20
2014-12-31 2,054,315.41 1,913,239.85 166,052.45
  • Compañía General de Electricidad's level of debt (63.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Compañía General de Electricidad's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Compañía General de Electricidad is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Compañía General de Electricidad'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. Compañía General de Electricidad has a total score of 1/6, 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 Compañía General de Electricidad'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
1.91%
Current annual income from Compañía General de Electricidad dividends.
If you bought CLP2,000 of Compañía General de Electricidad shares you are expected to receive CLP38 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?
  • Compañía General de Electricidad's pays a lower dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Compañía General de Electricidad's dividend is below the markets top 25% of dividend payers in Chile (5.51%).
Upcoming dividend payment

Purchase Compañía General de Electricidad before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:CGE 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 Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4.1%
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 5.5%

Industry and Market average data is calculated daily.

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

SNSE:CGE Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-04-30 12.000 2.012
2019-01-28 12.000 1.997
2018-04-26 28.000 4.380
2018-02-02 28.000 3.939
2017-11-08 16.000 2.212
2017-07-28 16.000 2.333
2017-05-08 0.000 0.000
2017-01-27 0.000 0.000
2017-01-03 0.000 0.000

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

  • Compañía General de Electricidad has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Compañía General de Electricidad has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Compañía General de Electricidad'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 Compañía General de Electricidad'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 Compañía General de Electricidad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Compañía General de Electricidad has a total score of 0/6, 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 Compañía General de Electricidad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eduardo Apablaza Dau
TENURE AS CEO 2.9 years
CEO Bio

Mr. Eduardo Apablaza Dau has been Chief Executive Officer of Empresa Electrica Atacama S.A. since January 28, 2015. Mr. Apablaza Dau has been General Manager of Empresa Electrica De Antofagasta S.A. since January 28, 2015. Mr. Apablaza Dau serves as Chief Executive Officer of Empresa de Transmision Electrica Transemel Sa and Transnet S.A. He serves as General Manager of Compañía Nacional de Fuerza Eléctrica S.A., Empresa Eléctrica de Arica S.A., CGE Distribución S.A. and Empresa Electrica de Iquique S.A. He serves as Engineering and Operations Manager of Empresa Eléctrica de Melipilla, Colchagua y Maule S.A. He serves as Vice Chairman of Empresa Eléctrica de Magallanes S.A. Mr. Apablaza Dau holds Degree in Electrical Civil Engineering.

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

Eduardo Apablaza Dau

TITLE
Chief Executive Officer
TENURE
2.9 yrs

Edmundo Laborde Correa

TITLE
Chief Accounting Officer
Board of Directors Tenure

Average tenure and age of the Compañía General de Electricidad board of directors in years:

2.9
Average Tenure
57.5
Average Age
  • The average tenure for the Compañía General de Electricidad board of directors is less than 3 years, this suggests a new board.
Board of Directors

Antonio Gallart Gabás

TITLE
Chairman of the Board
AGE
59
TENURE
2.9 yrs

Carlos Javier Álvarez Fernández

TITLE
Vice-Chairman
AGE
56
TENURE
2.9 yrs

Manuel García Cobaleda

TITLE
Director
AGE
51

José Enrique Auffray García

TITLE
Director

Eduardo Rafael Morande Montt

TITLE
Director
AGE
61
TENURE
2.9 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 Compañía General de Electricidad'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. Compañía General de Electricidad 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

Compañía General de Electricidad S.A., together with its subsidiaries, generates, distributes, and supplies electricity in Chile and Argentina. The company was founded in 1905 and is based in Santiago, Chile.

Details
Name: Compañía General de Electricidad S.A.
CGE
Exchange: SNSE
Founded: 1905
CLP1,271,868,155,518
2,022,047,942
Website: http://www.cge.cl
Address: Compañía General de Electricidad S.A.
Av. Presidente Riesco 5561,
17th Floor,
Santiago,
Region Metropolitana (Santiago), 8340434,
Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE CGE Common Shares Santiago Stock Exchange CL CLP 16. Dec 2016
Number of employees
Current staff
Staff numbers
1,978
Compañía General de Electricidad employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 18:13
End of day share price update: 2019/11/21 00:00
Last earnings filing: 2019/10/30
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.