Recent News
On July 21, 2025 Banco de Chile announced placement of Serie GB bonds totaling 150,000 Chilean UF, maturing September 1, 2034, at an average placement rate of 3.13%.
On August 27, 2025 the bank reported placement of Serie HN bonds totaling 550,000 Chilean UF, maturing December 1, 2039, at an average rate of 3.06%.
On September 20, 2025 an analyst publication revised its coverage to a Hold (upgrade from Sell), citing recent corporate actions and valuation; the note included a $32.00 price target.
Technical Analysis
ADX / DI+ / DI-: ADX at 20.45 indicates an emerging trend strength; DI+ at 24.88 completed a dip-and-reversal, producing a bullish directional signal while DI- at 18.54 also completed a dip-and-reversal but remains below DI+, leaving the near-term directional bias mildly positive relative to the current WMDST valuation of under-valued.
MACD: MACD at 0.24 sits below the signal line (signal 0.27) and the MACD trend shows a peak-and-reversal, signaling bearish momentum that counters the DI+ directional edge and pressures upside continuation over the next weeks.
MRO and RSI: MRO at 29.82 sits positive, indicating the price sits above the internal target and implies downward pressure toward that target; the MRO peak-and-reversal amplifies that pressure. RSI at 51.73 with a peak-and-reversal profile also points to weakening upward momentum from a neutral level.
Price, Moving Averages, Ichimoku, Bollinger: Last close $30.01 near the 20-day average $30.11 and below the 12-day EMA $30.17 (EMA showing a peak-and-reversal). Price trades above the 50-day average $29.31 and 200-day average $27.31, supporting medium-term support while short-term indicators favor consolidation inside the $29.6–$30.6 Bollinger band boundaries.
Fundamental Analysis
Earnings: Reported EPS $0.62 versus an estimate $0.65, a shortfall of $0.03 or a -4.62% EPS surprise. Forward EPS sits at $0.63 with forward P/E 46.18x, reflecting elevated multiples versus typical regional bank levels.
Valuation Multiples: Trailing P/E 46.53x sits above the industry peer mean of 40.50x and above the industry peer median of 39.91x. Price-to-book 0.52 sits below the industry peer mean 0.90 and below the industry peer median 0.99, with a P/B QoQ change of +7.57% and YoY change of +18.51%—evidence of book-value recovery relative to recent quarters.
Cash Flow & Capital: Free cash flow $449,203,000,000 yields 15.47%, materially above the industry peer mean free-cash-flow yield of ~0.96%; free cash flow yield shows QoQ and YoY declines in the provided metrics but remains a strong absolute yield. Enterprise value $15,723,114,627,991 versus market cap $2,904,394,627,991 and net debt $9,575,016,000,000 reflect significant leverage in enterprise valuation.
Profitability & Growth: Net income $304,867,000,000 and total revenue $756,177,000,000. Return on assets 0.57% and return on equity 5.48% both slipped on QoQ and YoY comparisons. Reported revenue growth year-over-year 59.99% contrasts with headline-level revenue growth of -2.59% (different reported measures), while reported earnings growth indicators show declines (earnings growth -10.15%; earnings growth QoQ -177.35%; earnings growth YoY -207.98%).
Leverage & Efficiency: Debt-to-assets 24.04% compares with an industry peer mean 13.27%, median 16.13% and industry peer high 22.30%; debt-to-equity 2.302 indicates a leveraged equity base consistent with a large deposit-funded bank. Asset turnover 0.01412 sits slightly above the industry peer mean 0.01129, reflecting bank business model characteristics rather than high asset turnover.
WMDST Valuation Summary: The current valuation as determined by WMDST labels the stock under-valued. That view rests on a low price-to-book multiple and a high free-cash-flow yield versus peers, offset by elevated P/E multiples and pressure in short-term earnings metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-31 |
| CASH FLOW | Begin Period Cash Flow | $ 4.9 T |
| Operating Cash Flow | $ 463.9 B | |
| Capital Expenditures | $ -14.65 B | |
| Change In Working Capital | $ -260.20 B | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 587.0 B | |
| End Period Cash Flow | $ 5.5 T | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 756.2 B | |
| Forward Revenue | $ 39.5 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 13.6 B | |
| Depreciation and Amortization | $ 23.7 B | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 681.0 B | |
| Interest Expense | $ 250.2 B | |
| Net Interest Income | $ 430.8 B | |
| Income Before Tax | $ 385.3 B | |
| Tax Provision | $ 80.4 B | |
| Tax Rate | 20.878 % | |
| Net Income | $ 304.9 B | |
| Net Income From Continuing Operations | $ 304.9 B | |
| EARNINGS | ||
| EPS Estimate | $ 0.65 | |
| EPS Actual | $ 0.62 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -4.615 % | |
| Forward EPS | $ 0.63 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 53.3 T | |
| Intangible Assets | $ 164.8 B | |
| Net Tangible Assets | $ 5.4 T | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 3.2 T | |
| Net Receivables | $ 180.3 B | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 401.4 B | |
| Short-Term Debt | $ 657.0 M | |
| Total Current Liabilities | — | |
| Net Debt | $ 9.6 T | |
| Total Debt | $ 12.8 T | |
| Total Liabilities | $ 47.8 T | |
| EQUITY | ||
| Total Equity | $ 5.6 T | |
| Retained Earnings | $ 2.7 T | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 55.11 | |
| Shares Outstanding | 101.017 B | |
| Revenue Per-Share | $ 7.49 | |
| VALUATION | Market Capitalization | $ 2.9 T |
| Enterprise Value | $ 15.7 T | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 20.793 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.577 | |
| Asset To Liability | 1.117 | |
| Debt To Capital | 0.697 | |
| Debt To Assets | 0.24 | |
| Debt To Assets QoQ | 3.616 % | |
| Debt To Assets YoY | 207.272 % | |
| Debt To Assets IPRWA | BCH: 0.24 high: 0.223 median: 0.161 mean: 0.133 low: 0.006 |
|
| Debt To Equity | 2.302 | |
| Debt To Equity QoQ | -0.426 % | |
| Debt To Equity YoY | 193.29 % | |
| Debt To Equity IPRWA | high: 4.097 median: 2.365 BCH: 2.302 mean: 1.913 low: 0.079 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.522 | |
| Price To Book QoQ | 7.567 % | |
| Price To Book YoY | 18.507 % | |
| Price To Book IPRWA | high: 3.278 median: 0.995 mean: 0.895 BCH: 0.522 low: 0.0 |
|
| Price To Earnings (P/E) | 46.533 | |
| Price To Earnings QoQ | 23.953 % | |
| Price To Earnings YoY | 36.006 % | |
| Price To Earnings IPRWA | high: 80.502 BCH: 46.533 mean: 40.496 median: 39.912 low: 0.013 |
|
| PE/G Ratio | -4.587 | |
| Price To Sales (P/S) | 3.841 | |
| Price To Sales QoQ | 13.946 % | |
| Price To Sales YoY | 25.307 % | |
| Price To Sales IPRWA | high: 28.205 mean: 5.705 median: 5.436 BCH: 3.841 low: 0.005 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 46.175 | |
| Forward PE/G | -4.552 | |
| Forward P/S | 73.598 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.014 | |
| Asset Turnover Ratio QoQ | -3.749 % | |
| Asset Turnover Ratio YoY | 1.583 % | |
| Asset Turnover Ratio IPRWA | high: 0.024 BCH: 0.014 median: 0.012 mean: 0.011 low: 0.003 |
|
| Receivables Turnover | 3.285 | |
| Receivables Turnover Ratio QoQ | 0.591 % | |
| Receivables Turnover Ratio YoY | -25.061 % | |
| Receivables Turnover Ratio IPRWA | high: 3.454 BCH: 3.285 mean: 0.344 median: 0.304 low: 0.17 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 27.78 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.019 | |
| CapEx To Depreciation | -1.078 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 18.3 T | |
| Net Invested Capital | $ 18.3 T | |
| Invested Capital | $ 18.3 T | |
| Net Tangible Assets | $ 5.4 T | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.566 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.835 % | |
| Revenue Growth | -2.587 % | |
| Revenue Growth QoQ | -732.518 % | |
| Revenue Growth YoY | 59.988 % | |
| Revenue Growth IPRWA | high: 29.43 % median: 29.43 % mean: 17.635 % BCH: -2.587 % low: -19.894 % |
|
| Earnings Growth | -10.145 % | |
| Earnings Growth QoQ | -177.354 % | |
| Earnings Growth YoY | -207.983 % | |
| Earnings Growth IPRWA | high: 56.85 % mean: -0.612 % median: -3.226 % BCH: -10.145 % low: -38.235 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 449.2 B | |
| Free Cash Flow Yield | 15.466 % | |
| Free Cash Flow Yield QoQ | -68.486 % | |
| Free Cash Flow Yield YoY | -184.265 % | |
| Free Cash Flow Yield IPRWA | BCH: 15.466 % high: 7.03 % mean: 0.956 % median: -2.618 % low: -3.9 % |
|
| Free Cash Growth | -65.02 % | |
| Free Cash Growth QoQ | -9.464 % | |
| Free Cash Growth YoY | -121.389 % | |
| Free Cash Growth IPRWA | high: 353.711 % mean: 23.103 % median: -50.085 % BCH: -65.02 % low: -812.632 % |
|
| Free Cash To Net Income | 1.473 | |
| Cash Flow Margin | 43.552 % | |
| Cash Flow To Earnings | 1.08 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.569 % | |
| Return On Assets QoQ | -8.521 % | |
| Return On Assets YoY | -2.901 % | |
| Return On Assets IPRWA | high: 0.613 % BCH: 0.569 % median: 0.409 % mean: 0.336 % low: 0.049 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.055 | |
| Return On Equity QoQ | -10.185 % | |
| Return On Equity YoY | -9.652 % | |
| Return On Equity IPRWA | BCH: 0.055 high: 0.053 mean: 0.03 median: 0.028 low: 0.004 |
|
| DuPont ROE | 5.561 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |