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Banco de Chile, (CHILE) Fair Value & Analysis

Financial Services · CL · Market cap 18.2T CLP

BD Banco de Chile, CHILE · SN
Price186.00 CLP
Fair Value121.18 CLP
Upside-34.9%
Quality58/100
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Mixed Growth
Highly profitable · 43.7% net margin
High debt · generates free cash flow
5.43% dividend yield
Mixed vs. peers (7/14)
Wide moat 75/100
Evidence: High Range 90.88 CLP – 151.48 CLP Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 152.55 CLP to 121.18 CLP (−20.6%) since Jul 26, 2026. Share price −1.8% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (151.48 CLP). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

196.80 CLP 45.26 CLP Fair Value 121.18 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 45.26 CLP – 196.80 CLP · fair‑value band 90.88 CLP – 151.48 CLP · the 186.00 CLP price screens above the 121.18 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.

Full chart & analysis →

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Analysis

Banco de Chile, (CHILE) currently trades at 186.00 CLP, while our model-based Fair Value estimate is 121.18 CLP, implying the stock looks roughly 34.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Banco de Chile, generated revenue of 2.6T CLP at a net margin of 43.7%. Revenue declined 7.9% year over year. It earns a return on equity of 20.9%. Net debt stands at 10.2T CLP. Fundamentals as of Aug 13, 2026

Our scenario range runs from 90.88 CLP (bear case) to 151.48 CLP (bull case); at 186.00 CLP, the current price sits above 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 2% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at -35%, CHILE screens richer 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
Residual Income 79.92 CLP 105.09 CLP 373.23 CLP 76
P/E Multiple 114.41 CLP 152.55 CLP 190.69 CLP 63
P/B Multiple 69.52 CLP 92.69 CLP 115.86 CLP 55
All 4 models by family
Multiples
P/E Multiple 114.41 CLP 152.55 CLP 190.69 CLP 63
P/B Multiple 69.52 CLP 92.69 CLP 115.86 CLP 55
Asset-Based
NCAV (Graham) 33.10 CLP 44.36 CLP 66.21 CLP 50
Economic Profit
Residual Income 79.92 CLP 105.09 CLP 373.23 CLP 76

Widest divergence: Economic Profit (105.09 CLP) versus Asset-Based (44.36 CLP). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.6T CLP
Revenue growth (YoY) -7.9%
Net margin 43.7%
Return on equity 20.9%
Free cash flow 749B CLP FY2025
P/E ratio 16.8
More key figures
Operating margin 54.7%
EPS (TTM) 11.05 CLP
Dividend yield 5.4%
EPS growth (YoY) -18.3%
Net debt 10.2T CLP FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 54 · Market factors (momentum, volatility) 79

Profitability 40
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 90
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

Banco de Chile, together with its subsidiaries, provides commercial banking services in Chile. It operates through four segments: Retail Banking, Wholesale Banking, Treasury, and Subsidiaries.

Full company description

Banco de Chile, together with its subsidiaries, provides commercial banking services in Chile. It operates through four segments: Retail Banking, Wholesale Banking, Treasury, and Subsidiaries. The company offers current account and digital student plans; digital and checking accounts; mortgage loans; credit and debit cards; consumer credit; applications; deposits and savings; financing; autoleasing; online payments; cell phone top-ups; foreign currency; and income accreditation. It also provides insurance products, including journey, health, protection, home, life, and automotive; and investments, such as mutual, investment, and APV funds, stocks, fixed income, and derivative products. In addition, the company offers cash management comprising mass and easy payments, collection, and fund transfers; foreign trade, which includes imports, exports, international network products, Banchile international transport insurance, and customs guarantee insurance; and other services, such as bank connection, financial portability, digital VAT and signature, financial advice, and SME program. It serves individuals, private entities, companies, and small and medium-sized enterprises. The company was founded in 1893 and is headquartered in Santiago, Chile.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banco de Chile, reported revenue of 3.0T CLP in FY2025 versus 2.2T CLP in FY2021, a compound +7.9%/yr. Reported net income was 1.2T CLP in FY2025, compounding +10.6%/yr from FY2021.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.0T CLP
Latest YoY
−1.6%
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.
−1.1%
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.
+9.1%
Avg. growth/yr (10Y) 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.
+8.3%
Revenue +7.9%/yr
FY21 2.2T CLP
FY22 3.1T CLP
FY23 3.0T CLP
FY24 3.0T CLP
FY25 3.0T CLP
Net income +10.6%/yr
FY21 793B CLP
FY22 1.4T CLP
FY23 1.4T CLP
FY24 1.2T CLP
FY25 1.2T CLP

CHILE screens 35% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "Banco de Chile, Fair Value". https://www.fairvalue-calculator.com/stock/CHILE

Peer Group

Banks - Regional · 1086 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 60 · Top 25%
Fair Value upside −35% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 44% · Top 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 5.4% · Top 25%
Debt / equity 1.97× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 16.8× · Pricier than 75% of peers
P/B 2.73× · Pricier than 75% of peers
P/S (TTM) 7.04× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
PEG 2.78× · Pricier than 75% of peers

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 0 · sector 33
FUTURE 0 · sector 44
PAST 83 · sector 41
HEALTH 1 · sector 85
DIVIDEND 100 · sector 49

VALUE 0: the price sits above our fair-value range.

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is Banco de Chile, (CHILE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 121.18 CLP versus a price of 186.00 CLP, about −35% (overvalued).
What is the fair value of CHILE?
Our model-based fair value for Banco de Chile, is 121.18 CLP (as of Aug 13, 2026), built from audited fundamentals. The current price is 186.00 CLP.
What is the quality score of CHILE?
Banco de Chile, has a Quality Score of 58/100. 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 Banco de Chile, (CHILE)?
Banco de Chile, reported trailing-twelve-month revenue of about 2.6T CLP (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CHILE?
The net profit margin of Banco de Chile, is about 43.7%, meaning it keeps roughly 43.7% of revenue as net income. Based on the latest reported figures.
Does Banco de Chile, pay a dividend?
Banco de Chile, currently shows a dividend yield of about 5.43% 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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