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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies12
  • 7D-3.7%
  • 3M73.7%
  • 1Y24.0%
  • YTD14.2%

Over the last 7 days, the Utilities industry has dropped 3.7%, driven by declines in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima and Central Puerto of 11% and 5.8%, respectively. On the other hand Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener is actually up 7.6%. Over the past 12 months, the industry was up 24%. Looking forward, earnings are forecast to grow by 2.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025AR$20.3tAR$10.1tAR$1.5t13.4x13.1x2x
Sun, 09 Nov 2025AR$18.4tAR$9.7tAR$1.7t10.9x11.1x1.9x
Tue, 07 Oct 2025AR$11.6tAR$9.8tAR$1.7t7x7x1.2x
Thu, 04 Sep 2025AR$12.5tAR$9.6tAR$1.6t7x7.7x1.3x
Sat, 02 Aug 2025AR$15.1tAR$9.2tAR$1.6t8.7x9.7x1.6x
Mon, 30 Jun 2025AR$13.0tAR$9.2tAR$1.6t7.7x8.3x1.4x
Wed, 28 May 2025AR$15.3tAR$8.9tAR$1.5t9.5x10x1.7x
Fri, 25 Apr 2025AR$13.6tAR$8.4tAR$1.6t12.9x8.5x1.6x
Sun, 23 Mar 2025AR$15.6tAR$7.9tAR$1.4t13.9x10.8x2x
Tue, 18 Feb 2025AR$16.3tAR$5.9tAR$1.3t15.3x12.7x2.8x
Thu, 16 Jan 2025AR$16.4tAR$5.4tAR$1.2t16.6x13.5x3.1x
Sat, 14 Dec 2024AR$15.7tAR$5.4tAR$1.2t19.7x12.9x2.9x
Mon, 11 Nov 2024AR$12.1tAR$4.4tAR$888.8b14.2x13.6x2.8x
Wed, 09 Oct 2024AR$10.2tAR$4.4tAR$941.3b21.7x10.9x2.3x
Fri, 06 Sep 2024AR$10.2tAR$4.4tAR$941.3b22x10.8x2.3x
Sun, 04 Aug 2024AR$8.4tAR$3.7tAR$836.7b28.4x10.1x2.3x
Tue, 02 Jul 2024AR$9.1tAR$3.6tAR$832.3b10.7x10.9x2.5x
Thu, 30 May 2024AR$9.1tAR$3.5tAR$750.8b10.8x12.2x2.6x
Sat, 27 Apr 2024AR$7.4tAR$2.4tAR$283.8b22.1x26.2x3.1x
Mon, 25 Mar 2024AR$7.7tAR$2.4tAR$330.9b23.8x23.2x3.2x
Wed, 21 Feb 2024AR$7.4tAR$1.5tAR$342.0b13x21.7x4.8x
Fri, 19 Jan 2024AR$9.0tAR$1.5tAR$342.0b17.6x26.3x5.8x
Sun, 17 Dec 2023AR$7.3tAR$1.5tAR$351.7b11.2x20.9x4.9x
Tue, 14 Nov 2023AR$3.9tAR$1.3tAR$329.9b39.1x11.8x3x
Thu, 12 Oct 2023AR$4.5tAR$1.2tAR$206.9b51.7x21.9x3.9x
Sat, 09 Sep 2023AR$3.6tAR$1.2tAR$177.1b29.9x20.5x3.1x
Mon, 07 Aug 2023AR$2.9tAR$1.0tAR$121.9b28x24x2.8x
Wed, 05 Jul 2023AR$2.9tAR$1.0tAR$121.9b31x23.7x2.8x
Fri, 02 Jun 2023AR$2.4tAR$1.0tAR$121.7b26.9x19.9x2.3x
Sun, 30 Apr 2023AR$2.0tAR$1.0tAR$123.7b21.8x16.1x1.9x
Tue, 28 Mar 2023AR$1.5tAR$962.7bAR$116.3b14.5x13.3x1.6x
Thu, 23 Feb 2023AR$1.6tAR$594.6bAR$79.4b21.2x20.1x2.7x
Sat, 21 Jan 2023AR$1.6tAR$594.6bAR$79.4b20.9x20.1x2.7x
Mon, 19 Dec 2022AR$1.2tAR$611.0bAR$80.2b15x14.8x1.9x
Price to Earnings Ratio

14.8x


Total Market Cap: AR$1.2tTotal 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 13.1x 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 168% 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-3.29%
Utilities-3.74%
Electric Utilities-2.92%
Gas Utilities-3.97%
Renewable Energy-5.57%
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 2.3%, 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 19.4x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 2.3% 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$3.95k7.6%
+AR$124.5b		65.3%PE12.7x
DGCU2 Distribuidora de Gas CuyanaAR$2.08k1.2%
+AR$5.1b		-5.7%PE8.8x

Latest News

CEPU
AR$2,542.50
Central Puerto
7D
-5.8%
1Y
59.4%
TRAN
AR$3,950.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
7.6%
1Y
65.3%
GBAN
AR$2,505.00
Naturgy BAN
7D
-0.8%
1Y
8.7%
EDN
AR$2,406.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-11.5%
1Y
-4.0%
CGPA2
AR$2,980.00
Camuzzi Gas Pampeana
7D
-12.2%
1Y
-22.0%
PAMP
AR$5,475.00
Pampa Energía
7D
-2.4%
1Y
41.5%

PAMP: Future Performance Will Reflect Gains From Power-Gas Business Integration

Analysts have raised their price target for Pampa Energía from $92 to $113, citing anticipated gains from improvements in its power generation and gas upstream integration businesses. Analyst Commentary Recent analyst upgrades reflect a shift in sentiment around Pampa Energía, with expectations that operational improvements and business integration will support ongoing growth and value creation.
DGCU2
AR$2,075.00
Distribuidora de Gas Cuyana
7D
1.2%
1Y
-5.7%
CECO2
AR$509.00
Central Costanera
7D
-2.7%
1Y
7.8%
ECOG
AR$3,555.00
Ecogas Inversiones
7D
-1.0%
1Y
n/a
METR
AR$2,652.50
MetroGAS
7D
-3.5%
1Y
-8.1%