1. Chile Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Enaex S.A.

Enaex S.A.

BBCS:ENAEX
25,671.00
CLP
0.00
(0.00%)
1,742.87EPS
15.46P/E
3.06TMarket Cap
Enaex S.A.
BCS:ENAEX
(Santiago Stock Exchange)

Recent

price

25,671.00

P/E

ratio

15.46

div

yld

3.75%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
3.3
4.68
5.21
5.28
5.24
6.2
5.65
5.79
6.41
6.26
6.76
10.94
16.77
16.32
16.91
19.07
20.99
Revenue per Share
0.62
0.64
0.74
0.76
0.81
0.85
0.7
0.66
0.64
0.67
0.66
0.79
1.37
1.36
1.42
1.64
1.73
Basic EPS, GAAP
0.07
0.56
0.73
- -
- -
- -
- -
- -
- -
- -
1.01
0.18
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.35
0.37
0.45
0.43
0.48
0.5
0.44
0.41
0.38
0.4
0.39
0.52
0.68
0.82
0.87
0.99
1.04
Dividend per Share
3.27
3.55
3.9
4.15
4.32
4.44
4.87
5.14
5.21
5.36
5.53
5.42
6.19
6.76
6.84
7.96
8.29
Book Value per Share
3.25
3.51
3.84
4.1
4.25
2.94
3.25
3.43
3.58
3.77
3.96
3.91
4.68
4.5
4.85
5.8
6.12
Tangible Book Value per Share
124
123
123
123
123
123
123
122
122
122
122
118
116
113
113
113
116
Basic Weighted Avg Shares
409
575
641
648
646
762
692
705
783
767
825
1,285
1,950
1,848
1,916
2,163
2,431
Sales/Revenue/Turnover
22.56
20.83
19.49
18.74
20.17
19.52
18.61
17.69
15.93
16.4
15.83
11.84
12.9
14.19
14.1
13.84
13.09
Operating Margin (%)
19
26
26
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
77
79
91
94
99
105
85
80
79
82
81
93
159
154
160
187
201
Net Income, GAAP
17.32
20.86
22.67
18.64
21.35
24.05
25.83
27.41
29.46
28.68
29.42
27.91
28.04
28.36
28.28
26.83
26.63
Effective Tax Rate (%)
18.85
13.74
14.17
14.48
15.35
13.73
12.33
11.37
10.05
10.65
9.83
7.26
8.16
8.31
8.37
8.62
8.26
Profit Margin (%)
73
120
56
141
159
200
173
196
185
174
246
261
324
325
288
487
512
Working Capital
- -
79
50
84
74
271
221
217
206
207
269
304
313
345
267
399
400
LT Debt
402
436
479
511
533
554
606
640
646
658
717
705
805
882
901
1,057
1,100
Total Equity
16.45
16.17
14.6
14.72
14.7
13.79
10.32
9.66
9.44
9.35
8.8
9.63
14.17
12.8
12.89
13.71
10.4
Return on Invested Capital (%)
17.65
15.85
14.37
14.38
14.67
13.67
10.34
9.52
9.19
9.4
8.67
8.77
12.85
11.22
11.42
12.29
12.6
Return on Capital (%)
20.42
18.86
19.86
18.96
19.01
19.39
14.9
13.03
12.37
12.56
12.1
13.85
22.3
19.3
19.18
20.49
20.78
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
240
194
253
LT Borrowings
387
377
385
LT Finance Leases
13
12
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
123
123
123
Market Capitalization
3,200
3,189
3,296

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,141
1,174
1,227
Cash, Cash Equivalents & STI
294
288
285
Accounts Receivable, Net
438
438
510
Inventories
324
356
352
Total Current Liabilities
654
658
716
Payables & Accruals
- -
- -
- -
ST Debt
240
194
253
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.83%
8.31%
17.38%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
7.96%
20.58%
16.26%
Sales/Revenue/Turnover
12.81%
23.77%
12.87%
Total Cash Common Dividend
7.07%
18.79%
14.1%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
445
466
502
503
1,916
2025
490
519
556
598
2,163
2026
612
666
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
0.33
0.37
0.35
1.42
2025
0.39
0.38
0.46
0.38
1.64
2026
0.44
0.45
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.42
0.16
0.23
0.87
2025
0.01
0.45
0.2
0.28
0.99
2026
0.05
0.5
- -
- -
- -
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Business
Enaex S.A. is a Chile-based multinational chemical and mining services company primarily engaged in the production and supply of industrial ammonium nitrate, commercial explosives, and comprehensive rock fragmentation services for the global open-pit and underground mining, quarrying, and civil engineering industries. Founded in 1920 and headquartered in Las Condes, Santiago, Chile, the company operates as a key subsidiary of the industrial conglomerate Sigdo Koppers S.A. and trades publicly on the Santiago Stock Exchange under the ticker BCS:ENAEX. Enaex provides end-to-end blasting solutions through a comprehensive portfolio of products and specialized services, including: technical-grade and low-density industrial ammonium nitrate; nitric acid and chemical inputs; bulk emulsion explosives, heavy ANFO blends, packaged dynamites, watergels, and booster charges; initiation systems, including Davey Bickford electronic detonators, non-electric shock-tube systems, conventional electric detonators, and detonating cords; drilling and blasting consumables, including specialized blast bags, borehole liners, and fragmentation shields; computerized blast design, profiling, and rock fragmentation modeling using the proprietary O-Pitblast software suite; on-site mobile manufacturing units (MMUs) and automated borehole loading services; and advanced remote-handling technologies, such as the RoboMiner teleoperated robotic platform and the Mine-iTruck autonomous mobile mixing unit. The company maintains operational facilities and distribution channels across Latin America, North America, Europe, Africa, Australia, and Asia through subsidiaries and joint ventures such as Davey Bickford, Enaex Africa, Enaex Australia, Britanite, and MTi Group. In recent strategic developments, Enaex completed the 100% acquisition of Australia-based MTi Group for approximately 125 million Australian dollars, expanding its global footprint in blast consumables across Australia, the United States, China, and South Africa. Enaex also acquired a 45% equity interest in blasting software provider O-Pitblast to expand its digital optimization capabilities. In late 2024, Enaex entered into a strategic collaboration with mining equipment manufacturer Normet to introduce automated and teleoperated explosives-charging systems in underground mining, leading into live operational trials in 2025. In addition, the company continues the development of its HyEx green ammonia project in collaboration with ENGIE in Chile's Atacama Desert, an initiative designed to substitute fossil-fuel-based ammonia imports with green ammonia generated via solar power to decarbonize ammonium nitrate manufacturing.