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4-Traders Homepage  >  Equities  >  SANTIAGO STOCK EXCHANGE  >  Cencosud SA    CEN   CL0000000100

CENCOSUD SA (CEN)
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Cencosud Plans IPO Of Up To $718 Million Of ADS

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05/25/2012 | 11:57pm CEST

Cencosud S.A. has filed plans to offer up to $718 million in American depositary shares as the South American retailer looks to raise funds to pay down debt.

Cencosud operates 906 supermarkets, home improvement stores, shopping centers and department stores in Chile, Argentina, Brazil, Colombia and Peru. The company, headquartered in Chile, also is involved in the commercial real estate business and offers some financial services to its retail customers.

Cencosud also plans to use proceeds to acquire the remaining shares of Jumbo Retail Argentina S.A., which operates the company's supermarkets in Argentina, currently held by UBS AG's (UBS, UBSN.VX) London branch as well as for capital expenditures, working capital and general corporate purposes.

For the three months ended March 31, Cencosud reported a profit of CLP54.4 billion ($111.6 million), down from a year-earlier profit of CLP65.8 billion, as input costs and other expenses increased. Revenue rose 25% to CLP2.17 trillion ($4.45 billion).

The company has applied to list its ADS on the New York Stock Exchange under the symbol CNCO.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

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Financials ( CLP)
Sales 2017 11 037 016 M
EBIT 2017 601 693 M
Net income 2017 297 339 M
Debt 2017 2 689 072 M
Yield 2017 2,08%
P/E ratio 2017 17,36
P/E ratio 2018 15,67
EV / Sales 2017 0,73x
EV / Sales 2018 0,71x
Capitalization 5 330 072 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 1 939  CLP
Spread / Average Target 4,2%
EPS Revisions
Managers
NameTitle
Jaime Soler Bottinelli Chief Executive Officer
Horst Paulmann Kemna Chairman
Rodrigo Larraín Kaplán Chief Financial Officer
Andrés Artigas Chief Information Officer
Heike Paulmann Koepfer Director
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