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Empresa Eléctrica de Magallanes

SNSE:EDELMAG
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EDELMAG
SNSE
CLP71B
Market Cap
  1. Home
  2. CL
  3. Utilities
Company description

Empresa Eléctrica de Magallanes S.A. engages in the generation, transmission, distribution, and supply of electricity in Chile. The last earnings update was 23 days ago. More info.


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EDELMAG Share Price and Events
7 Day Returns
0%
SNSE:EDELMAG
4.2%
CL Electric Utilities
7.6%
CL Market
1 Year Returns
1.9%
SNSE:EDELMAG
10.9%
CL Electric Utilities
-10.8%
CL Market
EDELMAG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Empresa Eléctrica de Magallanes (EDELMAG) 0% 0% 0% 1.9% -3.6% 30.8%
CL Electric Utilities 4.2% 3.3% 15.7% 10.9% 9.9% -23.9%
CL Market 7.6% -4.7% -2.4% -10.8% 4.1% 0.2%
1 Year Return vs Industry and Market
  • EDELMAG underperformed the Electric Utilities industry which returned 10.9% over the past year.
  • EDELMAG outperformed the Market in Chile which returned -10.8% over the past year.
Price Volatility
EDELMAG
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Empresa Eléctrica de Magallanes's competitors could be found in our database.

EDELMAG Value

 Is Empresa Eléctrica de Magallanes 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 Empresa Eléctrica de Magallanes 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 Empresa Eléctrica de Magallanes.

SNSE:EDELMAG 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 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:EDELMAG
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%) (11.89%))
0.567
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:EDELMAG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Empresa Eléctrica de Magallanes 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:EDELMAG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CLP, Millions) Source Present Value
Discounted (@ 7.5%)
2020 7,512.78 Est @ 7.84% 6,988.76
2021 7,986.85 Est @ 6.31% 6,911.54
2022 8,405.05 Est @ 5.24% 6,766.11
2023 8,781.95 Est @ 4.48% 6,576.42
2024 9,129.54 Est @ 3.96% 6,359.85
2025 9,457.25 Est @ 3.59% 6,128.62
2026 9,772.34 Est @ 3.33% 5,891.09
2027 10,080.29 Est @ 3.15% 5,652.88
2028 10,385.20 Est @ 3.02% 5,417.66
2029 10,690.15 Est @ 2.94% 5,187.76
Present value of next 10 years cash flows CLP61,880.00
SNSE:EDELMAG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CLP10,690.15 × (1 + 2.73%) ÷ (7.5% – 2.73%)
CLP230,327.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CLP230,327.00 ÷ (1 + 7.5%)10
CLP111,774.05
SNSE:EDELMAG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CLP61,880.00 + CLP111,774.05
CLP173,654.05
Equity Value per Share
(CLP)
= Total value / Shares Outstanding
= CLP173,654.05 / 13.08
CLP13275
SNSE:EDELMAG Discount to Share Price
Calculation Result
Value per share (CLP) From above. CLP13,275.00
Current discount Discount to share price of CLP5,400.00
= -1 x (CLP5,400.00 - CLP13,275.00) / CLP13,275.00
59.3%

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

Current Discount
Amount off the current price Empresa Eléctrica de Magallanes is available for.
Intrinsic value
>50%
Share price is CLP5400 vs Future cash flow value of CLP13275
Current Discount Checks
For Empresa Eléctrica de Magallanes to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Empresa Eléctrica de Magallanes's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Empresa Eléctrica de Magallanes'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 Empresa Eléctrica de Magallanes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Empresa Eléctrica de Magallanes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:EDELMAG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CLP CLP413.54
SNSE:EDELMAG Share Price ** SNSE (2019-11-20) in CLP CLP5400
Chile Electric Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Electric Utilities Companies 11.58x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.14x

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

** Primary Listing of Empresa Eléctrica de Magallanes.

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

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

= 5400 ÷ 413.54

13.06x

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

  • Empresa Eléctrica de Magallanes is overvalued based on earnings compared to the CL Electric Utilities industry average.
  • Empresa Eléctrica de Magallanes is good value based on earnings compared to the Chile market.
Price based on expected Growth
Does Empresa Eléctrica de Magallanes's expected growth come at a high price?
Raw Data
SNSE:EDELMAG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.06x
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 0.63x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.08x

*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 Empresa Eléctrica de Magallanes, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Empresa Eléctrica de Magallanes's assets?
Raw Data
SNSE:EDELMAG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CLP CLP3,826.93
SNSE:EDELMAG Share Price * SNSE (2019-11-20) in CLP CLP5400
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 1.01x
SNSE:EDELMAG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5400 ÷ 3,826.93

1.41x

* Primary Listing of Empresa Eléctrica de Magallanes.

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

  • Empresa Eléctrica de Magallanes is good value based on assets compared to the CL Electric Utilities industry average.
X
Value checks
We assess Empresa Eléctrica de Magallanes'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. Empresa Eléctrica de Magallanes 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.

EDELMAG Future Performance

 How is Empresa Eléctrica de Magallanes 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 Empresa Eléctrica de Magallanes 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
6.1%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Empresa Eléctrica de Magallanes expected to grow at an attractive rate?
  • Unable to compare Empresa Eléctrica de Magallanes's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Empresa Eléctrica de Magallanes's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Empresa Eléctrica de Magallanes's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:EDELMAG Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
South America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Chile Market Earnings Growth Rate Market Cap Weighted Average 14.5%
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:EDELMAG 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:EDELMAG Past Financials Data
Date (Data in CLP Millions) Revenue Cash Flow Net Income *
2019-09-30 40,540 12,623 5,410
2019-06-30 39,408 10,457 5,058
2019-03-31 37,969 11,013 4,103
2018-12-31 37,140 9,146 3,785
2018-09-30 36,396 11,324 3,239
2018-06-30 35,849 11,722 3,516
2018-03-31 36,667 10,774 4,136
2017-12-31 36,270 13,367 4,598
2017-09-30 36,331 9,383 5,238
2017-06-30 36,093 10,264 5,397
2017-03-31 34,727 10,205 5,253
2016-12-31 34,790 9,454 5,501

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Empresa Eléctrica de Magallanes is high growth as no earnings estimate data is available.
  • Unable to determine if Empresa Eléctrica de Magallanes 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:EDELMAG 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 Empresa Eléctrica de Magallanes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:EDELMAG Past Financials Data
Date (Data in CLP Millions) EPS *
2019-09-30 413.54
2019-06-30 386.62
2019-03-31 313.63
2018-12-31 289.34
2018-09-30 247.60
2018-06-30 268.82
2018-03-31 316.18
2017-12-31 351.49
2017-09-30 400.43
2017-06-30 412.57
2017-03-31 401.55
2016-12-31 420.49

*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 Empresa Eléctrica de Magallanes will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Empresa Eléctrica de Magallanes is trading at Empresa Eléctrica de Magallanes'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. Empresa Eléctrica de Magallanes'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
  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 Empresa Eléctrica de Magallanes'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.
Empresa Eléctrica de Magallanes 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.

EDELMAG Past Performance

  How has Empresa Eléctrica de Magallanes 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 Empresa Eléctrica de Magallanes'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.
  • Empresa Eléctrica de Magallanes's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Empresa Eléctrica de Magallanes's 1-year earnings growth exceeds its 5-year average (67% vs -3.7%)
  • Empresa Eléctrica de Magallanes's earnings growth has exceeded the CL Electric Utilities industry average in the past year (67% vs 33.2%).
Earnings and Revenue History
Empresa Eléctrica de Magallanes'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 Empresa Eléctrica de Magallanes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:EDELMAG 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 40,539.89 5,409.59 5,336.29
2019-06-30 39,407.59 5,057.55 5,281.29
2019-03-31 37,968.70 4,102.67 5,401.34
2018-12-31 37,139.66 3,784.88 5,337.55
2018-09-30 36,395.97 3,238.98 5,455.62
2018-06-30 35,849.47 3,516.50 5,580.76
2018-03-31 36,666.52 4,136.04 5,477.20
2017-12-31 36,270.15 4,598.00 5,493.14
2017-09-30 36,331.02 5,238.17 5,876.10
2017-06-30 36,092.64 5,396.98 5,646.53
2017-03-31 34,727.43 5,252.80 5,299.60
2016-12-31 34,789.72 5,500.56 4,994.53
2016-09-30 33,885.36 5,947.09 4,350.99
2016-06-30 33,836.87 6,305.92 4,051.33
2016-03-31 34,712.34 6,287.29 4,104.79
2015-12-31 33,857.56 6,039.93 4,027.82
2015-09-30 33,211.17 5,319.94 3,740.97
2015-06-30 32,157.87 4,929.26 3,757.55
2015-03-31 29,789.64 4,391.49 3,689.19
2014-12-31 29,507.40 4,422.19 3,764.46
2014-09-30 29,259.59 4,447.14 4,008.00
2014-06-30 28,872.58 4,515.53 4,112.73
2014-03-31 28,639.47 4,837.09 4,080.51
2013-12-31 28,255.05 4,880.36 4,012.55
2013-09-30 27,971.79 5,154.12 3,783.00
2013-06-30 27,762.41 4,860.22 3,701.93
2013-03-31 27,630.45 4,943.71 3,653.90
2012-12-31 27,425.93 4,669.28 3,688.50

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

EDELMAG Health

 How is Empresa Eléctrica de Magallanes'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 Empresa Eléctrica de Magallanes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Empresa Eléctrica de Magallanes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Empresa Eléctrica de Magallanes's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Empresa Eléctrica de Magallanes's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 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 Empresa Eléctrica de Magallanes Company Filings, last reported 1 month ago.

SNSE:EDELMAG Past Debt and Equity Data
Date (Data in CLP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 50,318.17 8,396.27 924.03
2019-06-30 50,968.04 8,416.70 679.88
2019-03-31 51,166.73 8,401.63 578.72
2018-12-31 50,115.00 8,408.07 389.48
2018-09-30 50,330.62 8,397.91 500.86
2018-06-30 50,350.13 8,408.32 536.77
2018-03-31 50,544.54 8,391.96 462.42
2017-12-31 49,735.34 8,429.21 1,149.95
2017-09-30 49,983.25 8,550.92 497.32
2017-06-30 50,123.56 8,571.17 1,222.98
2017-03-31 50,430.02 8,892.52 1,539.65
2016-12-31 49,262.15 8,969.88 870.44
2016-09-30 42,998.74 8,989.38 3,553.72
2016-06-30 42,930.18 9,007.07 1,760.74
2016-03-31 43,926.98 8,908.41 4,262.61
2015-12-31 42,434.97 8,960.25 4,161.02
2015-09-30 42,069.24 8,970.97 3,551.04
2015-06-30 41,623.86 10,404.67 4,279.32
2015-03-31 42,003.88 11,282.67 4,040.47
2014-12-31 40,768.34 11,227.11 3,435.43
2014-09-30 35,505.72 11,413.76 3,095.10
2014-06-30 37,850.05 11,342.35 2,018.50
2014-03-31 38,589.11 11,142.99 2,219.17
2013-12-31 37,314.23 11,778.88 1,799.96
2013-09-30 35,216.73 11,909.83 1,303.76
2013-06-30 35,029.41 14,139.45 1,967.79
2013-03-31 36,074.94 14,103.94 1,508.83
2012-12-31 34,762.91 14,467.18 695.37
  • Empresa Eléctrica de Magallanes's level of debt (16.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.1% vs 16.7% today).
  • Debt is well covered by operating cash flow (150.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 66.8x coverage).
X
Financial health checks
We assess Empresa Eléctrica de Magallanes'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. Empresa Eléctrica de Magallanes has a total score of 5/6, 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.

EDELMAG Dividends

 What is Empresa Eléctrica de Magallanes'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
5.31%
Current annual income from Empresa Eléctrica de Magallanes dividends.
If you bought CLP2,000 of Empresa Eléctrica de Magallanes shares you are expected to receive CLP106 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?
  • Empresa Eléctrica de Magallanes's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Empresa Eléctrica de Magallanes's dividend is below the markets top 25% of dividend payers in Chile (5.36%).
Upcoming dividend payment

Purchase Empresa Eléctrica de Magallanes 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:EDELMAG 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 4.4%
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 5.4%

Industry and Market average data is calculated daily.

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

SNSE:EDELMAG Past Annualized Dividends Data
Date (Data in CLP) Dividend per share (annual) Avg. Yield (%)
2019-04-23 287.000 5.218
2019-01-21 287.000 5.035
2018-04-26 281.000 4.857
2018-01-26 281.000 4.153
2017-04-26 337.000 5.402
2017-01-31 337.000 5.709
2016-05-06 408.000 7.603
2016-01-22 408.000 8.796
2015-04-20 280.000 6.697
2015-01-26 280.000 6.808
2014-07-22 300.000 7.326
2014-01-20 300.000 6.886
2013-05-27 356.940 8.127
2013-03-04 356.940 9.480
2012-05-23 292.880 8.646
2012-03-01 292.880 7.441
2011-05-18 277.370 5.900
2011-02-28 277.370 5.414
2010-03-08 368.720 7.152
2009-07-30 142.000 2.485
2009-05-12 0.000 0.000
2009-03-09 404.680 7.355

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 Empresa Eléctrica de Magallanes's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x 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 Empresa Eléctrica de Magallanes'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 Empresa Eléctrica de Magallanes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Empresa Eléctrica de Magallanes 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.

EDELMAG Management

 What is the CEO of Empresa Eléctrica de Magallanes'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
Carlos Yañez Antonucci
CEO Bio

Mr. Carlos Yañez Antonucci Serves as General Manager of Empresa Electrica De Magallanes S.A.

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

Carlos Yañez Antonucci

TITLE
General Manager

Claudia Muñoz Martínez

TITLE
Administrative and Human Resources Manager

Juan Pereira Derch

TITLE
Head of the Energy Regulation & Research Division

Juan Carlos Würth Ojeda

TITLE
Head of the Energy Generation Division
Board of Directors

Jorge Jordan Franulic

TITLE
Chairman
COMPENSATION
CLP35M

Eduardo Apablaza Dau

TITLE
Vice-Chairman of the Board

Edilia Mancilla Caro

TITLE
Director
COMPENSATION
CLP22M

Rafael Pablo Salas Cox

TITLE
Director

Iván Quesada Escobar

TITLE
Director

Francisco Sánchez Hormazábal

TITLE
Director

Gonzalo Soto Serdio

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 Empresa Eléctrica de Magallanes'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. Empresa Eléctrica de Magallanes 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.

EDELMAG News

Simply Wall St News

EDELMAG Company Info

Description

Empresa Eléctrica de Magallanes S.A. engages in the generation, transmission, distribution, and supply of electricity in Chile. The company also offers online payment and meter rental services. It serves approximately 57,000 customers. The company was founded in 1897 and is based in Punta Arenas, Chile. Empresa Eléctrica de Magallanes S.A. is a subsidiary of CGE Magallanes S.A.

Details
Name: Empresa Eléctrica de Magallanes S.A.
EDELMAG
Exchange: SNSE
Founded: 1897
CLP70,638,933,600
13,081,284
Website: http://www.edelmag.cl
Address: Empresa Eléctrica de Magallanes S.A.
Croatia No. 444,
Punta Arenas,
Magallanes y de la Antartica Chilean, 621-2667,
Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE EDELMAG Ordinary Shares Santiago Stock Exchange CL CLP 08. Dec 1992
Number of employees
Current staff
Staff numbers
142
Empresa Eléctrica de Magallanes employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 18:03
End of day share price update: 2019/11/20 00:00
Last earnings filing: 2019/10/29
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.