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Cencosud Shopping S.A (CENCOMALLS) Fair Value & Analysis

Real Estate · CL · Market cap 4.1T CLP

CS Cencosud Shopping S.A CENCOMALLS · SN
Price2,430 CLP
Fair Value2,976 CLP
Upside+22.5%
Quality73/100
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Healthy Growth
Highly profitable · 88.1% net margin
Low debt · generates free cash flow
3.04% dividend yield
Ranks above peers (10/14)
Wide moat 70/100
Evidence: High Range 2,127 CLP – 3,782 CLP Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated today

Share price +7.5% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from 2,127 CLP (bear) to 3,782 CLP (bull), base 2,976 CLP. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2,800 CLP 611.26 CLP Fair Value 2,976 CLP Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 611.26 CLP – 2,800 CLP · fair‑value band 2,127 CLP – 3,782 CLP · the 2,430 CLP price screens below the 2,976 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cencosud Shopping S.A (CENCOMALLS) currently trades at 2,430 CLP, while our model-based Fair Value estimate is 2,976 CLP, implying the stock looks roughly 22.5% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Cencosud Shopping S.A generated revenue of 382B CLP at a net margin of 88.1%. Revenue grew 4.8% year over year. It earns a return on equity of 11.3%. Net debt stands at 718B CLP. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2,127 CLP (bear case) to 3,782 CLP (bull case); at 2,430 CLP, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 22%, CENCOMALLS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 2,250 CLP 5,143 CLP 10,003 CLP 80
Residual Income 1,572 CLP 1,773 CLP 3,334 CLP 76
P/S Multiple 1,080 CLP 1,440 CLP 1,800 CLP 58
All 13 models by family
DCF Models
FCF DCF 2,412 CLP 4,147 CLP 9,817 CLP 38
5Y Revenue Exit 1,220 CLP 2,271 CLP 4,460 CLP 39
5Y EBITDA Exit 2,289 CLP 4,435 CLP 8,645 CLP 41
10Y Revenue Exit 1,535 CLP 3,540 CLP 4,709 CLP 36
10Y EBITDA Exit 2,385 CLP 5,898 CLP 12,043 CLP 37
Multiples
P/S Multiple 1,080 CLP 1,440 CLP 1,800 CLP 58
P/B Multiple 2,272 CLP 3,029 CLP 3,787 CLP 55
EV/EBIT 2,870 CLP 3,966 CLP 5,062 CLP 53
EV/EBITDA 2,128 CLP 2,978 CLP 3,827 CLP 54
EV/Revenue 666.38 CLP 1,132 CLP 1,597 CLP 43
Asset-Based
NCAV (Graham) 876.16 CLP 1,174 CLP 1,752 CLP 50
Growth DCF
Growth DCF 2,250 CLP 5,143 CLP 10,003 CLP 80
Economic Profit
Residual Income 1,572 CLP 1,773 CLP 3,334 CLP 76

Widest divergence: Growth DCF (5,143 CLP) versus Asset-Based (1,174 CLP). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 382B CLP
Revenue growth (YoY) +4.8%
Net margin 88.1%
Return on equity 11.3%
Free cash flow 270B CLP FY2025
P/E ratio 12.3
More key figures
Operating margin 89.0%
EPS (TTM) 197.56 CLP
Dividend yield 3.0%
EPS growth (YoY) +54.7%
Net debt 718B CLP FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 69 · Market factors (momentum, volatility) 59

Profitability 42
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cencosud Shopping S.A. operates shopping centers in Chile, Peru, and Colombia. The company operates spaces for hotels, parking, and corporates, as well as retail use. The company was formerly known as Costanera Center SA and changed its name to Cencosud Shopping S.A. in October 2018. The company was incorporated in 2005 and is based in Santiago, Chile.

Full company description

Cencosud Shopping S.A. operates shopping centers in Chile, Peru, and Colombia. The company operates spaces for hotels, parking, and corporates, as well as retail use. The company was formerly known as Costanera Center SA and changed its name to Cencosud Shopping S.A. in October 2018. The company was incorporated in 2005 and is based in Santiago, Chile. Cencosud Shopping S.A. operates as a subsidiary of Cencosud S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cencosud Shopping S.A reported revenue of 378B CLP in FY2025 versus 215B CLP in FY2021, a compound +15.1%/yr. Reported net income was 304B CLP in FY2025, compounding +39.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
378B CLP
Latest YoY
+7.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.6%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.5%
Revenue +15.1%/yr
FY21 215B CLP
FY22 287B CLP
FY23 315B CLP
FY24 353B CLP
FY25 378B CLP
Net income +39.2%/yr
FY21 81.1B CLP
FY22 182B CLP
FY23 187B CLP
FY24 267B CLP
FY25 304B CLP

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Cite: Fair Value Calculator (2026). "Cencosud Shopping S.A Fair Value". https://www.fairvalue-calculator.com/stock/CENCOMALLS

Peer Group

Real Estate Services · 529 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 73 · Top 25%
Fair Value upside +23% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 88% · Top 25%
Operating margin (TTM) 89% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.25× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 12.3× · Pricier than median
P/B 1.38× · Pricier than median
P/S (TTM) 10.82× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 14.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 63 · sector 35
FUTURE 24 · sector 10
PAST 45 · sector 16
HEALTH 87 · sector 85
DIVIDEND 61 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%
PT Roda Vivatex Tbk, through its subsidiaries, RDTX 13,600 IDR 22,155 IDR +63%

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Frequently asked questions

Is Cencosud Shopping S.A (CENCOMALLS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2,976 CLP versus a price of 2,430 CLP, about +22% (undervalued).
What is the fair value of CENCOMALLS?
Our model-based fair value for Cencosud Shopping S.A is 2,976 CLP (as of Aug 13, 2026), built from audited fundamentals. The current price is 2,430 CLP.
What is the quality score of CENCOMALLS?
Cencosud Shopping S.A has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Cencosud Shopping S.A (CENCOMALLS)?
Cencosud Shopping S.A reported trailing-twelve-month revenue of about 382B CLP (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CENCOMALLS?
The net profit margin of Cencosud Shopping S.A is about 88.1%, meaning it keeps roughly 88.1% of revenue as net income. Based on the latest reported figures.
Does Cencosud Shopping S.A pay a dividend?
Cencosud Shopping S.A currently shows a dividend yield of about 3.04% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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