Loading...
CEPU logo

Central Puerto S.A.NYSE:CEPU Rapporto sulle azioni

Cap. di mercato US$2.3b
Prezzo delle azioni
US$13.91
US$19.42
28.4% sottovalutato sconto intrinseco
1Y2.5%
7D1.2%
1D
Valore del portafoglio
​
Vista

Central Puerto S.A.

Report azionario NYSE:CEPU

Capitalizzazione di mercato: US$2.3b

Central Puerto (CEPU) Panoramica del titolo

Central Puerto S.A. è impegnata nelle attività di generazione di energia elettrica in Argentina. Maggiori dettagli

CEPU analisi fondamentale
Punteggio fiocco di neve
Valutazione5/6
Crescita futura2/6
Prestazioni passate4/6
Salute finanziaria6/6
Dividendi0/6

Premi

Negoziato a 46.1% al di sotto della nostra stima del suo valore equo

Si prevede che gli utili cresceranno del 5.18% all'anno

Gli utili sono cresciuti del 430.8% nell'ultimo anno

Negoziato a un buon valore rispetto ai pari e al settore

Analisi del rischio

Grandi elementi una tantum che incidono sui risultati finanziari


CEPU Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Concorrenti di Central Puerto S.A.

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per Central Puerto
Prezzi storici delle azioni
Prezzo attuale dell'azioneAR$13.91
Massimo di 52 settimaneAR$18.50
Minimo di 52 settimaneAR$7.43
Beta-0.20
Variazione di 1 mese-6.20%
Variazione a 3 mesi-15.08%
Variazione di 1 anno2.51%
Variazione a 3 anni116.33%
Variazione a 5 anni550.00%
Variazione dall'IPO-21.41%

Notizie e aggiornamenti recenti

Seeking Alpha • May 05

Central Puerto: Expanding Beyond Power Generation

Summary Central Puerto remains a long-term buy, offering exposure to Argentina's expanding energy sector at attractive valuations. CEPU's strategic entry into oil, gas (Vaca Muerta), and mining diversifies its revenue streams and positions it as a comprehensive energy company. 2025 results showed 17% revenue growth to $782M, record net income, and strong cash generation, with leverage at a conservative 0.3x. Moody's upgraded the company's credit rating, projecting EBITDA of $450–$500M and margins of 55–60% over the next 12–18 months. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 05

Central Puerto: Expanding Beyond Power Generation

Summary Central Puerto remains a long-term buy, offering exposure to Argentina's expanding energy sector at attractive valuations. CEPU's strategic entry into oil, gas (Vaca Muerta), and mining diversifies its revenue streams and positions it as a comprehensive energy company. 2025 results showed 17% revenue growth to $782M, record net income, and strong cash generation, with leverage at a conservative 0.3x. Moody's upgraded the company's credit rating, projecting EBITDA of $450–$500M and margins of 55–60% over the next 12–18 months. Read the full article on Seeking Alpha
Seeking Alpha • Mar 14

Central Puerto: Energy In Evolution, Looking To The Future

Summary Central Puerto holds over 20% of Argentina's private energy market, with long-term, dollar-denominated contracts ensuring stability, even in volatile macroeconomic conditions. In 2024, achieved a 4% YoY increase in annual EBITDA to $288 million and a 25% growth in sales revenue, reaching $671 million, reflecting solid cash flow and low debt exposure. Under President Milei’s pro-market policies, CEPU benefits from favorable regulations, driving opportunities in energy and sectors like lithium, positioning it for long-term success. The company’s stock shows a growth potential, though macroeconomic risks in Argentina persist, balanced by the stability of dollar-denominated government contracts. Read the full article on Seeking Alpha
Seeking Alpha • Aug 20

Central Puerto: Powering Argentina Sustainably

Summary Central Puerto is a leading energy producer in Argentina, poised for growth with increasing demand for power and a focus on renewable energy sources. The company is betting big on renewables to meet Argentina's energy goals and enhance long-term sustainability, reputation, and business resilience. Milei's free-market policies may lead to fair market pricing for electricity, boosting Central Puerto's profits. Shares are a buy with a price target of $13. Read the full article on Seeking Alpha
Seeking Alpha • Mar 27

Central Puerto Is No Longer An Opportunity Until There Is More Regulatory Clarity

Summary Central Puerto (CEPU) is the largest private energy generator in Argentina with 7 GW of capacity. CEPU has made accretive capacity expansions through acquisitions of assets from companies divesting Argentina exposure. The company faces macroeconomic challenges due to inflationary delays and a slow regulatory framework, making it less attractive at current prices. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09

I'm Getting Off The Central Puerto Train

Summary CEPU is one of the largest electricity generators in Argentina. It now controls 16% of the country's generation capacity. The company has volatile earnings because of the regulatory framework in Argentina, coupled with the country's inflation and currency depreciation. The company is financially sound, and has used excess cash to do some very accretive acquisitions. However, I believe the future is uncertain, and the current stock price already discounts most of the positive developments ahead. Read the full article on Seeking Alpha
Seeking Alpha • Oct 26

Central Puerto: More Risk Than Reward

Summary Central Puerto S.A. is a poor investment choice due to unappealing valuation, deteriorating macroeconomic landscape, and unconvincing acquisitions. The company's vulnerability to the fluctuating Argentine peso and the shaky national economy poses significant risks. Central Puerto's financial performance has shown extreme volatility and lacks clear growth, further impacting its investment potential. Read the full article on Seeking Alpha
Seeking Alpha • Jan 17

Central Puerto Is Still Cheap And A Buy For Me

Summary CEPU is one of the main electricity generators in Argentina. The company's stock climbed 200% since I recommended it in April 2021. However, given my long-term income projections, the company is still trading at cheap valuations. Main risk ahead is a change in the regulatory framework, but I believe this risk to be small. Central Puerto (CEPU) is an Argentinian electricity generation utility. In April 2021 I recommended the company, based on an analysis of its regulatory situation and perspectives. Since then, the stock has returned 215%. In this revision of CEPU's condition, I find that the company's situation has developed as expected: its regulatory environment is neither friendly nor hostile, the company has not invested heavily, it has reduced leverage, and maintained profitability. Despite the company's stock price increasing so much, the company is still cheap compared to my long-term projections of profit from operational sources. These projections do not incorporate any new investment in capacity, nor an additional price increase above inflation or above the rate of currency depreciation. Note: Unless otherwise stated, all information was obtained from CEPU's filings with the SEC. Summary of previous article As always, I recommend readers to revisit my previous article for a detailed description of the company's operations and history. A big player in Argentinian energy: CEPU generates almost 10% of Argentinian electricity. The company has a diversified asset base composed of thermal, hydro and renewables. Regulation is the main profit driver: Argentina has changed its regulatory framework 3 times in the last 10 years. The country has not respected established contracts in the past, and some governments have reduced the utilities' profitability to its minimum. Current regulation is neutral: Although the current regulatory framework is provisional (as the country solves its inflation and debt problems), it has consistently (albeit discretely) updated energy prices so that profits are not eaten away by inflation. Currently, CEPU derives revenues from two sources. Some assets sell to the wholesale market, whose price is fixed by the regulatory agency (updated with some regularity to cover inflation). Other assets sell in long term PPA contracts, at much higher margins. PPA contracts eventually end and the assets start selling in the fixed price market. Hedged against fuel prices: In all of Argentina's regulatory framework, the state company at the center of the wholesale electricity market provides fuel to electricity generators, at its own expense. This reduces CEPU's earnings volatility. Downside scenario limited: The possibility of the current or a future government returning to an anti-profitability framework is low. The reason is that the strategy is now widely criticized as being the reason behind Argentina's lack of electricity supply in the middle of the previous decade. Only a leftist portion of the current government advocates for stricter regulation against utilities. The rest of the political spectrum thinks otherwise. Financially strong: As of 3Q22, CEPU's leverage (assets over equity) stands at 1.44, not extremely high. The company has about $353 million in debts, mostly dollar denominated, $100 million of which mature in the next year, and the rest maturing after 2026. Against these debts, the company holds the equivalent to $326 million in cash and securities (at the official rate), $120 million of which are dollar denominated. On top of that it has a $300 million (dollar denominated) receivable account (the FONINVEMEM account) from which it receives $50 million yearly. Although the company has an exchange rate mismatch (more dollar liabilities than assets), it is currently able to purchase dollars to the Central Bank at the official exchange rate to pay debts. Difficult to understand financials: Argentina sustains an inflation rate close to 100%, and its currency depreciates at a similar step. This generates a lot of accounting noise in CEPU's peso-based financial statements. The exchange rate movements generate profits because the company has a net asset exposure to the dollar. Inflation generates losses because the company also has a net asset exposure to the Argentinian peso. To better understand CEPU's long-term profitability, I translate its operating statements to dollars using the official rate (the one used to pay debts and imports). I then subtract interest expenses in dollars, and then apply a 35% income tax rate to the remaining figure. Recent developments Operating profitability is maintained: The Argentinian government has increased the wholesale electricity market prices more or less in line with inflation. This means CEPU's profitability at the operating level has been sustained, for the most part. The updates are applied bi yearly or yearly, so the company does suffer some inflationary effects. The previous price adjustment was enacted in April 2022, and the next one occurs in January 2023 (120%). A note on operating profits: CEPU considers that the exchange rate effect on its FONINVEMEM receivables is an operating profit. Obviously I do not think the same, and therefore remove that effect from operating income in order to facilitate operational comparisons. The company is not investing: CEPU has invested $5 million for the 9M22 period, compared with depreciation charges of almost $70 million. This is understandable given the lack of a long-term regulatory framework and the lack of regulatory stability in Argentina. However, no investment means no growth at the operational level. Nowhere to put the pesos: Because the FX market is restricted or more expensive for treasury purposes, CEPU is accumulating pesos. With investments strategically out of the table, CEPU has found other uses for those pesos: paying debts when possible (anticipated repayments are restricted), paying a dividend for the first time since going public ($0.16 per ADR), purchasing government bonds and treasuries ($170 million) and purchasing a forestry company for ESG purposes ($70 million) . No framework, no investments, no growth: Without a stable regulatory framework in which CEPU's management trusts, the company will not invest in new generation capacity. The trust part is almost as important as the existence of a long-term framework. The latest LT framework was established in 2017, only to be amended by the same government two years later. This made CEPU's management wary. Without investment in new assets, no new generation capacity is put online, which then means no new operationally-based profitability. I am not a growth by growth itself advocate, and I prefer to look at incremental ROIC rather than growing EPS. However, knowing that the company is not investing, I cannot incorporate growth into my long-term assumptions. Profitability going forward By removing the FX and inflationary effects on financial assets, I concentrate on CEPU's operational profitability by line of business. Conventional business: Currently generating about $440 million in revenues. The addition of a new turbine (Brigadier Lopez steam) and the removal of another one from PPA (Brigadier Lopez gas) should generate a net loss of $23 million in revenue, against $15 million from increased capacity at the T6 terminal. Finally, if the hydro plant Piedra del Aguila's concession is removed by the end of 2023, the company could lose another $40 million. In the optimistic scenario (no PdA removal), with all capacity online, the company should generate about $430 million from conventionals. The operating result of the segment should be around $200 million then. Wind and solar: These assets are much less volatile because they all operate tied to 20 year PPA dollar-denominated contracts. I anticipate $80 million in operating profits from these assets yearly. Interest expenses: CEPU's debt is expensive and tied to LIBOR. I assume a 10% rate to be conservative. Considering the repayment of $100 million in 2023/4, the company should generate $20 million (from a base of $200 million) in interest charges.
Seeking Alpha • Nov 11

Central Puerto reports nine months results

Central Puerto press release (NYSE:CEPU): shows nine months Total income ARS 14.25B

Rendimenti per gli azionisti

CEPUUS Renewable EnergyUS Mercato
7D1.2%6.5%1.0%
1Y2.5%17.5%28.7%

Ritorno vs Industria: CEPU ha avuto una performance inferiore rispetto al US Renewable Energy che ha registrato un rendimento 17.5 % nell'ultimo anno.

Rendimento vs Mercato: CEPU ha avuto una performance inferiore al mercato US che ha registrato un rendimento 28.7 % nell'ultimo anno.

Volatilità dei prezzi

Is CEPU's price volatile compared to industry and market?
CEPU volatility
CEPU Average Weekly Movement6.7%
Renewable Energy Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Prezzo delle azioni stabile: CEPU non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 7% ) di CEPU è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

FondatoI dipendentiAMMINISTRATORE DELEGATOSito web
1992n/aFernando Roberto Bonnetwww.centralpuerto.com

Central Puerto S.A. è impegnata nelle attività di generazione di energia elettrica in Argentina. Opera in tre segmenti: Generazione di energia elettrica da fonti convenzionali, Generazione di energia elettrica da fonti rinnovabili e attività forestali e Gestione e operazioni di impianti termici. Le attività di produzione di energia elettrica dell'azienda includono cicli combinati, turbine a gas e a vapore, cogenerazione, idroelettrico, turbine eoliche e pannelli solari.

Central Puerto S.A. Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di Central Puerto con la sua capitalizzazione di mercato?
CEPU statistiche fondamentali
Capitalizzazione di mercatoUS$2.29b
Utili (TTM)US$247.40m
Ricavi(TTM)US$783.87m
9.0x
Rapporto P/E
2.8x
Rapporto P/S

CEPU è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
CEPU Conto economico (TTM)
RicaviAR$1.10t
Costo del fatturatoAR$703.65b
Profitto lordoAR$393.77b
Altre speseAR$47.41b
UtiliAR$346.35b

Ultimi utili riportati

Dec 31, 2025

Prossima data di guadagno

n/a

Utile per azione (EPS)230.92
Margine lordo35.88%
Margine di profitto netto31.56%
Rapporto debito/patrimonio netto18.8%

Come si è comportato CEPU nel lungo periodo?

Vedi performance storica e confronto

Dividendi

0.3%
Rendimento attuale del dividendo
3%
Rapporto di remunerazione

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/22 15:19
Prezzo dell'azione a fine giornata2026/05/22 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Central Puerto S.A. è coperta da 6 analisti. 4 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Matias CattaruzziAdCap Securities Argentina S.A.
Gustavo FariaBofA Global Research
Andres Cardona GómezCitigroup Inc