Eche Izquierdo

What it is

The company was founded in 1978 and has since grown into one of Chile’s most diversified builders, working across mining, housing, and heavy industrial assembly. Its four main arms cover mining civil works and industrial assembly (EIMISA), residential and commercial buildings, deep foundations, and industrial maintenance (Nexxo).

EIMISA, the industrial assembly subsidiary, has delivered more than 400 projects with a workforce of over 8,000, supporting key mining and industrial developments across Chile and Peru. That mining exposure is the engine; housing in Chile and Peru provides ballast when commodity cycles slow.

Who owns it

The chairman is Fernando Echeverría, who led the company’s annual shareholder meeting. Insiders — the founding family and related parties — control approximately 71.4% of shares, while institutions hold a further 26.6%, leaving a free float of roughly 2%, according to EODHD data.

The stock is tightly held by design.

In October 2025, credit-rating agency Feller Rate upgraded Echeverría Izquierdo’s credit rating to “BBB+” with stable prospects — a signal that even outside observers have grown more confident in the balance sheet.

Who runs it

Pablo Andrés Ivelic Zulueta serves as CEO (Gerente General) of Echeverría Izquierdo S.A., with Cristian Andrés Saitua Doren as Corporate Finance Manager (CFO equivalent). Both titles come directly from the company’s own administration page.

CEO Ivelic has flagged new contracts at Minera Centinela and the growth of the Nexxo maintenance subsidiary as the firm’s sharpest near-term challenges.

The money, in plain words

Sales rose from CLP 538.8bn (US$595 mn) (~$594.5m) in FY2024 to CLP 622.5bn (US$687 mn) (~$686.9m) in FY2025, a gain of 15.5% (our calculation) — the fastest annual growth in the three-year series. Net income came in at CLP 25.4bn (US$28 mn) (~$28.0m), up from CLP 25.1bn (US$28 mn) the year before, though revenue growing faster than profit compressed the net margin slightly to about 4.1% (our calculation), consistent with EODHD’s trailing-twelve-month net profit margin of 3.82%.

For every peso shareholders have put in, the company earns back about 14.8 cents a year — a return on equity of 14.79%, respectable for a contractor in a capital-intensive industry. The balance sheet carries CLP 47.8bn (US$53 mn) (~$52.7m) in cash and no reported financial debt (our calculation from the latest filing), giving management real room to bid on large contracts without straining the books.

At 13.6 times earnings (price-to-earnings ratio of 13.6×) with a 2.2% dividend yield, the stock is priced modestly relative to the growth it has delivered.

What it is doing now

In May 2026, EIMISA signed an agreement with Bechtel, the global engineering and construction giant, to jointly deliver select large-scale mining and infrastructure projects in Chile and across South America. Under the deal, Bechtel brings its engineering and procurement expertise while EIMISA contributes its proven direct-hire construction capability on the ground in Chile.

In the same month, Echeverría Izquierdo reported near-doubling of first-quarter 2025 profits to CLP 5.4bn (US$6 mn). The company also participated in Exponor 2026, Latin America’s largest mining exhibition, showcasing its full suite of mining-facing subsidiaries.

What to watch

• Mining pipeline execution. Chile’s copper and lithium investment wave is the primary growth driver; any slowdown in large project approvals would hit revenue directly.
• Bechtel partnership scope. As mining investment accelerates across the region, clients are placing greater emphasis on how complex projects are delivered. How much joint work the two firms actually win together will be the real measure of this deal’s value.
• Housing recovery. The company has focused on mining services and residential solutions; management expects improving interest-rate and inflation conditions to revive the housing sector.
• Free float and liquidity. With only about 2% of shares trading freely, the stock can move sharply on modest volumes — a fact any investor should price in before entering.

This is news, not investment advice.