Argentinian (MERVAL) Utilities Sector Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies10
- 7D2.2%
- 3M-24.6%
- 1Y257.2%
- YTD3.3%
In the last week, the Utilities industry is up 5.4%, with Central Puerto up 7.2%. During this same period, the Naturgy BAN underperformed, falling 9.0%. This takes the industry's 12 month performance to a gain of 269%. As for the next few years, earnings are expected to grow by 53% 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, 25 Apr 2024 | AR$7.4t | AR$2.4t | AR$283.8b | 21.5x | 26x | 3.1x |
| Sat, 23 Mar 2024 | AR$7.7t | AR$2.4t | AR$330.9b | 23.8x | 23.2x | 3.2x |
| Mon, 19 Feb 2024 | AR$7.5t | AR$1.5t | AR$342.0b | 13.8x | 22x | 4.9x |
| Wed, 17 Jan 2024 | AR$8.8t | AR$1.5t | AR$342.0b | 18.3x | 25.6x | 5.7x |
| Fri, 15 Dec 2023 | AR$7.4t | AR$1.5t | AR$351.7b | 11.7x | 21x | 4.9x |
| Sun, 12 Nov 2023 | AR$4.0t | AR$1.4t | AR$314.9b | 40.3x | 12.7x | 2.8x |
| Tue, 10 Oct 2023 | AR$4.1t | AR$1.2t | AR$206.9b | 48x | 19.6x | 3.5x |
| Thu, 07 Sep 2023 | AR$3.9t | AR$1.2t | AR$179.7b | 33.8x | 21.7x | 3.2x |
| Sat, 05 Aug 2023 | AR$2.9t | AR$1.0t | AR$121.9b | 28x | 24x | 2.8x |
| Mon, 03 Jul 2023 | AR$2.8t | AR$1.0t | AR$121.9b | 30x | 23.2x | 2.7x |
| Wed, 31 May 2023 | AR$2.3t | AR$1.0t | AR$121.7b | 26.9x | 19.1x | 2.2x |
| Fri, 28 Apr 2023 | AR$2.0t | AR$1.0t | AR$123.4b | 21.5x | 15.9x | 1.9x |
| Sun, 26 Mar 2023 | AR$1.4t | AR$959.5b | AR$115.5b | 14.6x | 12.4x | 1.5x |
| Tue, 21 Feb 2023 | AR$1.6t | AR$594.6b | AR$79.4b | 22x | 20.8x | 2.8x |
| Thu, 19 Jan 2023 | AR$1.5t | AR$594.6b | AR$79.4b | 20.4x | 19.2x | 2.6x |
| Sat, 17 Dec 2022 | AR$1.2t | AR$611.0b | AR$80.2b | 14.5x | 14.6x | 1.9x |
| Mon, 14 Nov 2022 | AR$991.4b | AR$607.1b | AR$77.1b | 8.7x | 12.9x | 1.6x |
| Wed, 12 Oct 2022 | AR$1.0t | AR$610.9b | AR$69.2b | 8.6x | 14.8x | 1.7x |
| Fri, 09 Sep 2022 | AR$1.0t | AR$619.3b | AR$62.1b | 11.5x | 16.7x | 1.7x |
| Sun, 07 Aug 2022 | AR$925.7b | AR$558.4b | AR$23.2b | 18.5x | 40x | 1.7x |
| Tue, 05 Jul 2022 | AR$655.4b | AR$534.1b | AR$18.4b | 11.1x | 35.7x | 1.2x |
| Thu, 02 Jun 2022 | AR$641.9b | AR$537.3b | AR$16.8b | 12.9x | 38.1x | 1.2x |
| Sat, 30 Apr 2022 | AR$606.0b | AR$529.3b | AR$8.7b | 12.3x | 70x | 1.1x |
| Mon, 28 Mar 2022 | AR$595.1b | AR$516.6b | -AR$11,730,361,706.00 | 11.4x | -50.7x | 1.2x |
| Wed, 23 Feb 2022 | AR$591.7b | AR$407.2b | -AR$15,079,317,460.00 | 9.7x | -39.2x | 1.5x |
| Fri, 21 Jan 2022 | AR$507.9b | AR$407.2b | -AR$15,079,317,460.00 | 7.1x | -33.7x | 1.2x |
| Sun, 19 Dec 2021 | AR$489.3b | AR$401.9b | -AR$17,031,275,460.00 | 18.6x | -28.7x | 1.2x |
| Tue, 16 Nov 2021 | AR$545.5b | AR$436.1b | -AR$8,120,874,146.00 | 27.7x | -67.2x | 1.3x |
| Thu, 14 Oct 2021 | AR$489.7b | AR$419.2b | -AR$12,227,008,146.00 | 26.9x | -40.1x | 1.2x |
| Sat, 11 Sep 2021 | AR$395.2b | AR$423.0b | -AR$13,557,372,086.00 | 20.6x | -29.2x | 0.9x |
| Mon, 09 Aug 2021 | AR$337.2b | AR$423.0b | -AR$13,557,372,086.00 | 16x | -24.9x | 0.8x |
| Sun, 02 May 2021 | AR$251.3b | AR$410.9b | -AR$6,357,803,741.00 | 4.9x | -39.5x | 0.6x |
Price to Earnings Ratio
-39.5x
Current Industry PE
- Investors are optimistic on the Argentinean Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.0x which is higher than its 3-year average PE of 3.5x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 81% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Argentinian Utilities sector?
| AR Market | 2.15% | |
| Utilities | 2.17% | |
| Renewable Energy | 6.56% | |
| Electric Utilities | 2.52% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Gas Utilities | -3.41% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 19.7x.
- Analysts are expecting annual earnings growth of 52.6%, which is higher than its past year's earnings decline of 11.6% per year.
- Investors are most pessimistic about the Gas Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.6x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 53% 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 | |
|---|---|---|---|---|---|
| CEPU Central Puerto | AR$1.04k | 7.2% +AR$106.6b | 267.0% | PE10.7x | |
| PAMP Pampa Energía | AR$1.84k | 2.8% +AR$67.0b | 183.1% | PE72.5x | |
| TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener | AR$1.17k | 2.8% +AR$14.2b | 375.3% | PE79.2x | |
| EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | AR$876.75 | 1.6% +AR$12.0b | 334.0% | PE15.9x | |
| CECO2 Central Costanera | AR$365.50 | 2.5% +AR$6.3b | 142.5% | PS5.5x |