Thursday, August 20, 2015

The 9 Non-Utility Chilean Companies Filing With the US SEC With Market Caps Above US$1 Bil Were a Mixed Bag ..... 2 Financials Had Very Strong 2014 Earnings ..... 7 Non-Financials Had Very Weak 2014 Earnings ..... TPP Should Help These Non-Financials Earnings Improve

From a review of the superb Google Finance Website and the US SEC Website, I found 9 Non-Utility Companies headquartered in Chile with Stock Market Capitalizations of more than US$1 bil or the equivalent.

Of the 9 reporting their audited financial statements in the SEC Website, 6 of them reported in Chilean Pesos.  Below here are the earnings of these 6:
 


2014 2013 2012 2011 2010 2009 2008 2007

Most Audited Audited Audited Audited Audited Audited Audited Audited

Recent Net Net Net Net Net Net Net Net
Chilean Companies 2014 Income Income Income Income Income Income Income Income
Reporting in Chilean Pesos FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


bil Ch Pesos bil Ch Pesos bil Ch Pesos bil Ch Pesos bil Ch Pesos bil Ch Pesos bil Ch Pesos bil Ch Pesos
Financials








Banco Santander Chile Dec14              576              444              361              407              507              437              421              248
CorpBanca Dec14              274              175              119              117              122                86                89                59










Total both
             850              619              480              524              629              523              510              307










Earnings % Increase:








….. 2014 Over 2013
37%






….. 2014 Over 2012
77%






….. 2014 Over 2009
63%






….. 2014 Over 2008
67%






….. 2014 Over 2007
177%
















Non-Financials








Cencosud SA Dec14              151              241              220              252              254              248  NA   NA 
United Breweries SA Dec14              121              133              124              135              120              141                95                85
Andina Bottling Co Inc Dec14                52                90                88                97              104                98              100                91
Concha y Toro Winery Dec14                38                34                30                50                42                45                33                38










Total all 4
             362              498              462              534              520              532              228              214










Earnings % Declines:








….. 2014 Below 2013
-27%






….. 2014 Below 2009
-32%







And below here are the reported Audited Earnings (Losses) for each of  the 3 Chilean Non-Financial Companies reporting in US$s for all years reported from 2007 through 2014:



2014 2013 2012 2011 2010 2009 2008 2007

Most Audited Audited Audited Audited Audited Audited Audited Audited

Recent Net Net Net Net Net Net Net Net
Chilean Companies 2014 Income Income Income Income Income Income Income Income
Reporting in US Dollars FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


 mil US$s   mil US$s   mil US$s   mil US$s   mil US$s   mil US$s   mil US$s   mil US$s 
Non-Financials








Chemical & Mining Co. Chile Dec14          244         475         657         554          387         340         507         200
Arauco & Constitution Pulp Dec14          144         419         144         621          701         305         405         698
LATAM Airlines Group SA Dec14        (227)        (264)           (6)         321          421         233         338         322










Total all 3
         161         630         795       1,496       1,509         878       1,250       1,220










Earnings % Declines:








….. 2014 Below 2013
-74%






….. 2014 Below 2009
-82%






….. 2014 Below 2008
-87%






….. 2014 Below 2007
-87%