Embotelladora Andina S.A.

AI-generated fair value estimate for this company.

Method: Two-stage unlevered free cash flow DCF in USD. Base FY2025 FCF (operating cash flow less capex) of CLP174.3 billion, converted at roughly CLP850/USD to about USD205 million, for the combined Series A + Series B company. FCF grown 6% per year for years 1-5 and 4% per year for years 6-10, discounted at 9.5% (reflecting Chile/Brazil/Argentina emerging-market risk), terminal growth 3%. Net financial debt of USD845 million (per the company's Q3 2025 SEC Form 6-K: USD1,235 million total financial obligations less USD390 million financial assets) was subtracted from an enterprise value of about USD3.81 billion to get equity value of about USD2.97 billion, divided by 157.76 million ADR-equivalent shares (946.57 million total local shares, comprising 473.29 million Series A and 473.28 million Series B, divided by the stated ADR ratio of 6 local shares per ADR).

Reasoning: Embotelladora Andina is a stable, cash-generative Coca-Cola bottler with real positive free cash flow, so a multi-stage FCF DCF is the right framework rather than a bank-style residual income model; every input here is grounded in the company's own SEC 6-K filings and recent cash flow statements rather than a scraped price target.