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Empresas Copec S.A. (COPEC) Fair Value & Analysis

Industrials · CL · Market cap 7.8T CLP (≈ $8.6B) · ISIN CLP7847L1080

What is Empresas Copec S.A. really worth?

EC Empresas Copec S.A. COPEC · SN
Price6,782 CLP
Fair Value10,959 CLP
Upside+61.6%
Quality47/100

Below-average quality, trading 38% below our fair value of 10,959 CLP.

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Risks

!Expensive Growth (revenue 5y +10.4 %/yr)
!Thin margins · 3.1% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (8/14)
!Narrow moat 38/100
!Weak on past: 28 out of 100
Evidence: High Range 8,317 CLP – 16,417 CLP

Fair value as of: Aug 20, 2026

From 7 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from 10,809 CLP to 10,959 CLP (+1.4%) since Aug 13, 2026. Share price +8.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (8,317 CLP). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (8,317 CLP to 16,417 CLP) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

7,660 CLP 4,457 CLP Fair Value 10,959 CLP May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 4,457 CLP – 7,660 CLP · fair‑value band 8,317 CLP – 16,417 CLP · the 6,782 CLP price screens below the 10,959 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Empresas Copec S.A. (COPEC) currently trades at 6,782 CLP, while our model-based Fair Value estimate is 10,959 CLP, implying the stock looks roughly 38.1% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the Earnings-Based group reads highest at a median of 10,959 CLP per share, and 7 of the 7 models we run sit above the 6,782 CLP price. Bear case: the Asset-Based group reads lowest at 6,842 CLP, and 0 of the 7 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Empresas Copec S.A. generated revenue of 30.1B CLP at a net margin of 3.1%. Revenue grew 6.0% year over year. It earns a return on equity of 7.1%. Net debt stands at 8.3B CLP. Fundamentals as of Aug 20, 2026

Our scenario range runs from 8,317 CLP (bear case) to 16,417 CLP (bull case); at 6,782 CLP, the current price sits below 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 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 62%, COPEC screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 416.52 CLP per share, which is 3.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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 best evidence 8,288 CLP 8,696 CLP 9,067 CLP 76
DDM Multi-Stage 4,988 CLP 7,779 CLP 10,931 CLP 66
Graham-Dodd 4,255 CLP 10,959 CLP 14,268 CLP 65
All 7 models by family
Earnings-Based
Graham-Dodd 4,255 CLP 10,959 CLP 14,268 CLP 65
Dividend Discount
Gordon GGM 4,988 CLP 10,263 CLP 18,329 CLP 65
DDM Multi-Stage 4,988 CLP 7,779 CLP 10,931 CLP 66
Multiples
P/E Multiple 9,846 CLP 13,137 CLP 16,419 CLP 63
P/B Multiple 7,973 CLP 10,634 CLP 13,286 CLP 55
Asset-Based
NCAV (Graham) 5,108 CLP 6,842 CLP 10,217 CLP 54
Economic Profit
Residual Income best evidence 8,288 CLP 8,696 CLP 9,067 CLP 76

Widest divergence: Earnings-Based (10,959 CLP) versus Asset-Based (6,842 CLP). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 11.1
P/S ratio 0.33 P/E × margin
EPS (TTM) 613.22 CLP price ÷ EPS = P/E 11.1
Dividend yield 0.0% payout 0.0%
Net margin 3.0% FY2025
Return on equity 7.1% TTM
More key figures
Profitability
Return on assets (EBIT) 5.8% avg 5y
Operating margin 6.4% TTM
Growth
Revenue (TTM) 30.1B CLP TTM
Revenue growth (YoY) +6.0% 3y avg −1.2%
EPS growth (YoY) +30.5%
Balance sheet & cash flow
Free cash flow −194M CLP FY2025
Net debt 8.3B CLP FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 55

Profitability 35
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Empresas Copec S.A., together with its subsidiaries, operates in the natural resources and energy sectors in Chile and internationally. The company operates through Celulosa Arauco y Constitución S.A., Copec S.A., Abastible S.A., Sociedad Nacional de Oleoductos S.A., and Pesquera Iquique-Guanaye S.A. segments.

Full company description

Empresas Copec S.A., together with its subsidiaries, operates in the natural resources and energy sectors in Chile and internationally. The company operates through Celulosa Arauco y Constitución S.A., Copec S.A., Abastible S.A., Sociedad Nacional de Oleoductos S.A., and Pesquera Iquique-Guanaye S.A. segments. It offers electric charging services, renewable energy, and energy storage and efficiency solutions; and operates service stations and convenience stores. The company also distributes liquid fuels, lubricants, liquefied gas, and natural gas; produces and sells kraft pulps, panels, and sawn timbers for the paper, construction, packaging, and furniture industries; transports gasoline, kerosene and diesel, and liquefied petroleum gas; and produces fishmeal, fish oil, and canned and frozen mussels. In addition, it engages in the forestry, fishing, and mining businesses; sale of beans, rice, chickpeas, and lentils under the San José brand; distribution of general mills' products and processed avocado pears; investment in electromobility and start-ups involving energy, mobility, convenience, and other projects; and electricity generation and distribution from renewable energies. It exports its products to Asia and America. The company was incorporated in 1934 and is based in Santiago, Chile. Empresas Copec S.A. is a subsidiary of AntarChile S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Empresas Copec S.A. reported revenue of $29.6B in FY2025 versus $24.8B in FY2021, a compound +4.6%/yr. Reported net income was $877M in FY2025, compounding −16.2%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
29.6B CLP
Latest YoY
+3.1%
Avg. revenue 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.
−1.2%
Avg. revenue 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.
+10.4%
Avg. revenue growth/yr (19Y) 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.
+7.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+35.7% (35.7 + 0.0)
Revenue +4.6%/yr
FY21 $24.8B
FY22 $30.8B
FY23 $28.5B
FY24 $28.7B
FY25 $29.6B
Net income −16.2%/yr
FY21 $1.8B
FY22 $1.5B
FY23 $349M
FY24 $1.1B
FY25 $877M
Character of growth · EPS growth decomposed (2011-2022) +5.5 % p.a.
Revenue per share +0.8 %

of which total revenue +0.8 % · buybacks/dilution +0.0 %

EBIT margin +2.3 %
Tax rate +0.4 %
Residual (interest, one-offs) +1.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Empresas Copec S.A. Fair Value". https://www.fairvalue-calculator.com/stock/COPEC

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Conglomerates · 375 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 47 · Below median
Fair Value upside +62% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.65× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than median
P/B 0.60× · Cheaper than median
P/S (TTM) 0.29× · Cheaper than median
EV/EBITDA 8.6× · Pricier than median
PEG 3.22× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE30 · sector 17
PAST28 · sector 17
HEALTH68 · sector 89
DIVIDEND0 · sector 42

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

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Frequently asked questions

Is Empresas Copec S.A. (COPEC) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 10,959 CLP versus a price of 6,782 CLP, about +62% upside (undervalued).
What is the fair value of COPEC?
Our model-based fair value for Empresas Copec S.A. is 10,959 CLP (as of Aug 20, 2026), built from audited fundamentals. The current price: 6,782 CLP.
What is the quality score of COPEC?
Empresas Copec S.A. has a Quality Score of 47/100. 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 Empresas Copec S.A. (COPEC)?
Empresas Copec S.A. reported trailing-twelve-month revenue of about 30.1B CLP (latest available figure, as of Aug 20, 2026).
What is the net profit margin of COPEC?
The net profit margin of Empresas Copec S.A. is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Empresas Copec S.A. pay a dividend?
Empresas Copec S.A. currently shows a dividend yield of about 0.00% relative to its recent price (as of Aug 20, 2026).
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