Narrative Update • Aug 14
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Argentinian (MERVAL) Utilities Sector Analysis
UpdatedAug 28, 2026
DataAggregated Company Financials
Companies12
- 7D5.1%
- 3M-2.2%
- 1Y37.9%
- YTD-10.2%
In the last week, the Utilities industry is up 5.6%, with all of the companies up. In the last 12 months, the industry was up 40%. As for the next few years, earnings are forecast to decline by 1.7% 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 |
|---|---|---|---|---|---|---|
| Fri, 28 Aug 2026 | AR$18.3t | AR$14.6t | AR$2.5t | 7.2x | 7.4x | 1.3x |
| Sun, 26 Jul 2026 | AR$19.2t | AR$13.3t | AR$2.3t | 8.1x | 8.4x | 1.4x |
| Tue, 23 Jun 2026 | AR$18.2t | AR$12.8t | AR$2.2t | 7.9x | 8.2x | 1.4x |
| 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 |
Price to Earnings Ratio
23.4x
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 7.2x which is lower than its 3-year average PE of 13.0x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 140% per year over the last three years.
- Revenues for these companies have grown 130% 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 | 3.23% | |
| Utilities | 5.14% | |
| Renewable Energy | 6.05% | |
| Electric Utilities | 5.71% | |
| Gas Utilities | 3.09% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 15.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Electric Utilities industry since they expect its earnings to decline by only 0.3% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 41% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 5.9% 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 | |
|---|---|---|---|---|---|
| PAMP Pampa Energía | AR$5.22k | 3.7% +AR$248.6b | 41.9% | PE8.1x | |
| CEPU Central Puerto | AR$2.17k | 6.6% +AR$202.5b | 48.4% | PE6.6x | |
| TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener | AR$3.75k | 13.5% +AR$197.9b | 58.4% | PE7x | |
| EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | AR$1.89k | 7.3% +AR$113.0b | 25.7% | PE7.5x | |
| METR MetroGAS | AR$2.35k | 3.8% +AR$49.5b | 42.4% | PE10.3x |