Narrative Update • May 16
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Argentinian (MERVAL) Utilities Sector Analysis
UpdatedMay 21, 2026
DataAggregated Company Financials
Companies12
- 7D1.0%
- 3M-5.5%
- 1Y11.8%
- YTD-15.4%
The Utilities is pretty flat in the last 7 days, but MetroGAS has stood out, gaining 8.9%. The past year has been better, since the industry has gained 7.8% in that time. As for the next few years, earnings are expected to grow by 16% per annum.
Sector Valuation and Performance
Has the Argentinian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | AR$17.0t | AR$12.4t | AR$2.1t | 8.4x | 8.2x | 1.4x |
| Sat, 18 Apr 2026 | AR$17.7t | AR$12.0t | AR$1.9t | 8.8x | 9.4x | 1.5x |
| Mon, 16 Mar 2026 | AR$17.5t | AR$11.9t | AR$1.9t | 9.1x | 9.3x | 1.5x |
| Wed, 11 Feb 2026 | AR$18.7t | AR$9.9t | AR$1.5t | 13.2x | 12.5x | 1.9x |
| Fri, 09 Jan 2026 | AR$18.7t | AR$10.0t | AR$1.5t | 13x | 12.4x | 1.9x |
| Sun, 07 Dec 2025 | AR$20.6t | AR$10.0t | AR$1.5t | 13.6x | 13.3x | 2.1x |
| Tue, 04 Nov 2025 | AR$18.9t | AR$9.9t | AR$1.7t | 11.1x | 11.2x | 1.9x |
| Thu, 02 Oct 2025 | AR$11.4t | AR$9.7t | AR$1.7t | 6.3x | 6.9x | 1.2x |
| Sat, 30 Aug 2025 | AR$12.4t | AR$9.6t | AR$1.6t | 6.4x | 7.7x | 1.3x |
| Mon, 28 Jul 2025 | AR$14.1t | AR$9.2t | AR$1.6t | 8x | 9.1x | 1.5x |
| Wed, 25 Jun 2025 | AR$13.2t | AR$9.2t | AR$1.6t | 7.9x | 8.5x | 1.4x |
| Fri, 23 May 2025 | AR$15.2t | AR$8.9t | AR$1.5t | 9.4x | 10.1x | 1.7x |
| Sun, 20 Apr 2025 | AR$13.1t | AR$8.3t | AR$1.6t | 11.7x | 8.3x | 1.6x |
| Tue, 18 Mar 2025 | AR$15.2t | AR$7.7t | AR$1.4t | 14.2x | 10.6x | 2x |
| Thu, 13 Feb 2025 | AR$14.8t | AR$5.6t | AR$1.2t | 16.9x | 12x | 2.6x |
| Sat, 11 Jan 2025 | AR$17.1t | AR$5.4t | AR$1.2t | 17.4x | 14.1x | 3.2x |
| Mon, 09 Dec 2024 | AR$15.2t | AR$5.4t | AR$1.2t | 18.2x | 12.6x | 2.8x |
| Wed, 06 Nov 2024 | AR$11.9t | AR$4.4t | AR$941.3b | 30.5x | 12.7x | 2.7x |
| Fri, 04 Oct 2024 | AR$10.2t | AR$4.4t | AR$941.3b | 20.3x | 10.8x | 2.3x |
| Sun, 01 Sep 2024 | AR$9.9t | AR$4.4t | AR$941.3b | 21.1x | 10.5x | 2.2x |
| Tue, 30 Jul 2024 | AR$8.9t | AR$3.7t | AR$836.7b | 26.8x | 10.6x | 2.4x |
| Thu, 27 Jun 2024 | AR$8.8t | AR$3.6t | AR$832.3b | 10.5x | 10.6x | 2.4x |
| Sat, 25 May 2024 | AR$8.5t | AR$3.5t | AR$744.1b | 10.4x | 11.5x | 2.4x |
| Mon, 22 Apr 2024 | AR$7.1t | AR$2.4t | AR$283.8b | 21.9x | 25x | 2.9x |
| Wed, 20 Mar 2024 | AR$7.2t | AR$2.4t | AR$330.9b | 22.9x | 21.9x | 3x |
| Fri, 16 Feb 2024 | AR$8.0t | AR$1.5t | AR$342.0b | 14.8x | 23.3x | 5.2x |
| Sun, 14 Jan 2024 | AR$8.4t | AR$1.5t | AR$342.0b | 19.3x | 24.6x | 5.5x |
| Tue, 12 Dec 2023 | AR$6.9t | AR$1.5t | AR$351.7b | 11.6x | 19.5x | 4.5x |
| Thu, 09 Nov 2023 | AR$3.9t | AR$1.2t | AR$206.9b | 47x | 18.7x | 3.3x |
| Sat, 07 Oct 2023 | AR$4.1t | AR$1.2t | AR$206.9b | 48x | 19.6x | 3.5x |
| Mon, 04 Sep 2023 | AR$4.2t | AR$1.2t | AR$179.7b | 34.9x | 23.4x | 3.5x |
| Wed, 02 Aug 2023 | AR$2.9t | AR$1.0t | AR$121.9b | 27.4x | 24.1x | 2.8x |
| Fri, 30 Jun 2023 | AR$2.8t | AR$1.0t | AR$121.9b | 29.8x | 22.7x | 2.7x |
| Sun, 28 May 2023 | AR$2.3t | AR$1.0t | AR$124.3b | 22x | 18.5x | 2.2x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are pessimistic on the Argentinean Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 8.2x which is lower than its 3-year average PE of 14.3x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 156% per year over the last three years.
- Revenues for these companies have grown 128% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Argentinian Utilities sector?
| AR Market | 2.27% | |
| Utilities | 1.00% | |
| Gas Utilities | 2.07% | |
| Electric Utilities | 1.61% | |
| Renewable Energy | -1.83% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 5.2%, which is lower than the prior year's growth of 244.3% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 18.0x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 109% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 5.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| METR MetroGAS | AR$1.89k | 8.9% +AR$88.2b | -18.1% | PE8.8x | |
| EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | AR$1.81k | 4.9% +AR$74.4b | -13.6% | PE5.1x | |
| TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener | AR$3.87k | 3.4% +AR$56.7b | 49.2% | PE7.9x | |
| PAMP Pampa Energía | AR$4.75k | 0.4% +AR$26.9b | 24.9% | PE10.4x | |
| ECOG Ecogas Inversiones | AR$3.06k | 1.6% +AR$10.9b | 4.0% | PE9.4x |
