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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies12
  • 7D-2.3%
  • 3M76.2%
  • 1Y15.0%
  • YTD13.3%

Over the last 7 days, the Utilities industry has dropped 2.3%, driven by Central Puerto declining 4.2%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 2.6% per annum.

Sector Valuation and Performance

Has the Argentinian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025AR$20.0tAR$10.0tAR$1.5t13.5x13.2x2x
Thu, 13 Nov 2025AR$19.1tAR$10.0tAR$1.4t12.4x13.6x1.9x
Sat, 11 Oct 2025AR$12.4tAR$9.7tAR$1.7t7.5x7.5x1.3x
Mon, 08 Sep 2025AR$12.5tAR$9.6tAR$1.6t7.2x7.7x1.3x
Wed, 06 Aug 2025AR$15.0tAR$9.2tAR$1.6t8.9x9.6x1.6x
Fri, 04 Jul 2025AR$13.0tAR$9.2tAR$1.6t7.9x8.4x1.4x
Sun, 01 Jun 2025AR$14.8tAR$8.9tAR$1.5t9.1x9.7x1.7x
Tue, 29 Apr 2025AR$13.4tAR$8.4tAR$1.6t12.6x8.4x1.6x
Thu, 27 Mar 2025AR$15.8tAR$7.9tAR$1.4t13.7x11x2x
Sat, 22 Feb 2025AR$15.8tAR$5.9tAR$1.3t15.5x12.3x2.7x
Mon, 20 Jan 2025AR$15.0tAR$5.4tAR$1.2t14.7x12.4x2.8x
Wed, 18 Dec 2024AR$16.9tAR$5.4tAR$1.2t19.5x13.9x3.1x
Fri, 15 Nov 2024AR$12.9tAR$4.7tAR$816.7b14.1x15.8x2.7x
Sun, 13 Oct 2024AR$10.5tAR$4.4tAR$941.3b23.3x11.2x2.4x
Tue, 10 Sep 2024AR$10.2tAR$4.4tAR$941.3b22.6x10.8x2.3x
Thu, 08 Aug 2024AR$8.6tAR$3.7tAR$836.7b29.2x10.3x2.3x
Sat, 06 Jul 2024AR$9.1tAR$3.6tAR$832.3b11x10.9x2.5x
Mon, 03 Jun 2024AR$9.3tAR$3.5tAR$751.6b10.9x12.4x2.6x
Wed, 01 May 2024AR$7.6tAR$2.5tAR$290.0b27.7x26.2x3x
Fri, 29 Mar 2024AR$7.6tAR$2.4tAR$330.9b24.1x23x3.2x
Sun, 25 Feb 2024AR$7.6tAR$1.5tAR$342.0b12.5x22.3x5x
Tue, 23 Jan 2024AR$9.6tAR$1.5tAR$342.0b18.2x28x6.2x
Thu, 21 Dec 2023AR$7.0tAR$1.6tAR$359.3b11.5x19.4x4.4x
Sat, 18 Nov 2023AR$3.8tAR$1.3tAR$322.2b22.8x11.8x2.9x
Mon, 16 Oct 2023AR$4.8tAR$1.2tAR$206.9b54.2x23x4x
Wed, 13 Sep 2023AR$3.4tAR$1.2tAR$211.3b31.5x16.1x2.8x
Fri, 11 Aug 2023AR$3.1tAR$1.1tAR$180.5b27.5x17.1x2.7x
Sun, 09 Jul 2023AR$2.8tAR$1.0tAR$121.9b28.9x22.9x2.7x
Tue, 06 Jun 2023AR$2.5tAR$1.0tAR$121.9b28.1x20.2x2.4x
Thu, 04 May 2023AR$1.9tAR$1.0tAR$124.8b20.6x15.5x1.9x
Sat, 01 Apr 2023AR$1.6tAR$965.6bAR$117.0b15.9x13.9x1.7x
Mon, 27 Feb 2023AR$1.6tAR$594.6bAR$79.4b21.5x20.2x2.7x
Wed, 25 Jan 2023AR$1.6tAR$594.6bAR$79.4b21.8x20.7x2.8x
Fri, 23 Dec 2022AR$1.3tAR$611.0bAR$80.2b16.3x15.8x2.1x
Price to Earnings Ratio

15.8x


Total Market Cap: AR$1.3tTotal Earnings: AR$80.2bTotal Revenue: AR$611.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 15.2x202320242025
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 13.2x which is lower than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 166% per year over the last three years.
  • Revenues for these companies have grown 154% 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-1.76%
Utilities-2.26%
Electric Utilities-0.67%
Gas Utilities-3.93%
Renewable Energy-4.45%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 3.0%, which is higher than its past year's earnings decline of 53.4% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 19.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 3.0% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$4.06k2.7%
+AR$46.7b		32.1%PE13.1x
DGCU2 Distribuidora de Gas CuyanaAR$2.11k2.9%
+AR$12.1b		-6.7%PE8.9x
PAMP Pampa EnergíaAR$5.46k0.09%
+AR$6.7b		32.8%PE15.8x

Latest News

EDN
AR$2,357.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-5.9%
1Y
-14.8%

EDN: Higher Profit Margins Will Drive Stronger Future Earnings Profile

Narrative Update on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Analysts have modestly raised their price target for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima to reflect a significantly higher projected profit margin, even as overall fair value estimates in ARS terms remain broadly unchanged. What's in the News Board meeting scheduled for November 6, 2025 at 14:00 UTC to review and approve the condensed interim financial statements for the nine month period ended September 30, 2025 (Key Developments) Directors will acknowledge and consider the reports accompanying the approved interim financial statements, indicating attention to regulatory and disclosure requirements (Key Developments) The company plans to authorize its Chairman to sign the financial statements for the period ended September 30, 2025, formalizing the approval process (Key Developments) Management may address additional corporate matters at the same meeting, which could include operational or strategic updates not yet specified in the agenda (Key Developments) Valuation Changes The fair value estimate in ARS has remained unchanged at approximately ARS 2,600 per share, indicating no revision to the overall intrinsic value assessment.
CEPU
AR$2,507.50
Central Puerto
7D
-4.2%
1Y
44.1%

CEPU: Share Buyback Plan Will Drive Future Upside Potential

Analysts have modestly reaffirmed their view on Central Puerto, keeping the price target steady at $29.00 per share, as slightly stronger long term revenue growth expectations offset a marginally lower projected profit margin and discount rate. What's in the News Board of Directors authorizes a new share buyback plan for Central Puerto S.A. on September 25, 2025, signaling confidence in the company and its valuation (company filing) Central Puerto S.A. launches a share repurchase program of up to $20 million, capped at 10% of corporate capital, funded from free reserves (company filing) Initial maximum repurchase prices set at $11 per ADR on the NYSE and ARS 650 per common share on Bolsas y Mercados Argentinos (company filing) On October 24, 2025, Central Puerto raises the maximum local repurchase price to ARS 1,750 per common share, while maintaining the $11 ADR cap on the NYSE (company filing) Valuation Changes Fair Value: Unchanged at $29.00 per share, indicating no revision to the intrinsic value estimate.
PAMP
AR$5,460.00
Pampa Energía
7D
0.09%
1Y
32.8%

PAMP: Future Returns Will Reflect Power Reforms And Gas Integration Benefits

Analysts have raised their price target on Pampa Energía from $92 to $113 per share, citing expectations for significant benefits from changes in the power generation business and improved monetization and integration of the company's gas upstream operations. Analyst Commentary Recent research updates highlight a more constructive stance on Pampa Energía, with higher price targets reflecting improved visibility on earnings growth and cash flow generation from both power and gas operations.
CGPA2
AR$2,885.00
Camuzzi Gas Pampeana
7D
-6.5%
1Y
-19.6%
TRAN
AR$4,062.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
2.7%
1Y
32.1%
GBAN
AR$2,445.00
Naturgy BAN
7D
-5.2%
1Y
5.4%
DGCU2
AR$2,105.00
Distribuidora de Gas Cuyana
7D
2.9%
1Y
-6.7%
DGCE
AR$2,460.00
Distribuidora de Gas del Centro
7D
-1.0%
1Y
-11.4%
CECO2
AR$485.00
Central Costanera
7D
-7.1%
1Y
-1.7%
ECOG
AR$3,500.00
Ecogas Inversiones
7D
-1.8%
1Y
n/a
METR
AR$2,575.00
MetroGAS
7D
-5.2%
1Y
-14.0%