CMPC stock extends 2026 decline as Q2 profit drops sharply

CMPC stock remains under pressure in Santiago as of August 31, 2026, after an 89 percent year-on-year profit slump in Q2 2026 and a double-digit year-to-date decline, putting the pulp and paper group’s recovery story to the test for investors.

CMPC stock (ISIN CLC300301019) is trading around 1,005.00 Chilean pesos on the Santiago Stock Exchange as of August 31, 2026, according to market data for Empresas CMPC that also show a 52-week range between 988.00 and 1,560.10 pesos. In Q2 2026, the Chilean pulp and paper group reported earnings per share of 0.0047 dollars and net profit of 9 million dollars, down 89 percent year on year on revenue that remained stable at 1.9 billion dollars, highlighting how currency effects are weighing on the bottom line.

Recent earnings hit by currency effects

According to a results overview for Q2 2026, CMPC generated revenue of about 1.9 billion dollars while earnings per share came in at 0.0047 dollars for the quarter, missing analyst expectations by 28 percent as net profit fell to 9 million dollars. The same overview notes that the 89 percent year-on-year drop in quarterly net profit was driven mainly by foreign-exchange losses, while operating activity in core businesses such as pulp and tissue was more resilient.

The Q2 2026 figures follow a mixed sequence of recent quarters in which maintenance shutdowns pressured results in Q1 2026 but margins started to recover, and earlier in Q3 2025 the Softys tissue business stood out positively against weaker profitability in other segments. For investors, this pattern underlines that CMPC’s earnings are currently more sensitive to external factors like exchange rates and energy costs than to revenue growth alone.

Stock performance and analyst expectations

Market data compiled on August 31, 2026 show Empresas CMPC shares at 1,005.00 pesos with a prior close at 1,060.00 pesos, implying a short-term setback after a recent slide within a 52-week corridor running from 988.00 to 1,560.10 pesos. This means the current price is trading close to the lower end of its yearly range, a level that suggests the market has already priced in a large part of the earnings weakness seen in the latest quarters.

The same compilation shows that analyst twelve-month price targets for CMPC average 1,501.53 pesos, with the highest estimate at about 2,838.92 pesos and the lowest at about 1,013.97 pesos, indicating that the consensus still assumes upside from the current share price despite the recent profit slump. In addition to the headline numbers, the overview also highlights that Empresas CMPC is classified in the basic materials sector with a focus on paper and forest products, which tends to trade in line with global pulp price cycles and Latin American equity sentiment.

Pipeline expansion in Brazil as growth option

Alongside the financial figures, CMPC is working on expanding its industrial base, with local media in Brazil reporting in early September 2026 that a new pulp mill project for the group’s operations in the state of Rio Grande do Sul has already secured its preliminary license. The report adds that the contract for this project is expected to be signed at an event scheduled for September 9, 2026 at CMPC’s existing plant site in Guaiba, underscoring that the company is preparing further capacity growth in South America.

For equity investors, such an expansion project can be a double-edged sword: on the one hand, new capacity can support volume growth and economies of scale in future pulp cycles; on the other, large-scale investments can temporarily weigh on free cash flow and increase the company’s exposure to volatile commodity pricing. In this context, the combination of weak Q2 2026 earnings and the prospect of additional capital expenditure helps explain why the stock is trading near the lower end of its 52-week range despite analyst price targets that sit well above the current market price.

Representative product and market position

CMPC is best known for its pulp production and for tissue and hygiene products sold under various brands in Latin America, with the Softys business being a key pillar of its downstream strategy. In recent quarters, presentations on the company’s results have highlighted that Softys generated comparatively resilient margins even as group profit declined, illustrating how a diversified product mix from raw pulp to finished tissue goods can help cushion earnings volatility.

CMPC stock on the Santiago exchange

Based on the August 31, 2026 closing data, CMPC stock trades on the Santiago Stock Exchange under the ticker CMPC at 1,005.00 pesos, with the price sitting just above the 52-week low of 988.00 pesos and well below the 52-week high of 1,560.10 pesos. For shareholders, the key question over the coming quarters will be whether improving margins and a stabilization of currency effects in 2026 and 2027 can close part of the gap between the current price level and the average analyst target of 1,501.53 pesos.

CMPC stock facts

• Company: Empresas CMPC S.A.
• ISIN: CLC300301019
• Ticker: CMPC
• Trading venue: Santiago Stock Exchange
• Price (as of August 31, 2026): 1,005.00 CLP
• Sector / Industry: Basic materials / Paper and forest products
• Index membership: IPSA
• Next earnings date: November 6, 2026