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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedNov 21, 2025
DataAggregated Company Financials
Companies12
  • 7D0.9%
  • 3M39.8%
  • 1Y31.7%
  • YTD5.5%

Over the last 7 days, the Utilities industry has dropped 1.5%, driven by a pullback from Central Puerto of 2.4%. This takes the industry's 12 month performance to a gain of 33%. Looking forward, earnings are forecast to grow by 1.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025AR$19.0tAR$10.4tAR$1.5t11.5x12.4x1.8x
Sun, 19 Oct 2025AR$12.8tAR$9.8tAR$1.7t7.7x7.7x1.3x
Tue, 16 Sep 2025AR$11.4tAR$9.8tAR$1.7t6.1x6.8x1.2x
Thu, 14 Aug 2025AR$14.9tAR$9.9tAR$2.0t8.3x7.3x1.5x
Sat, 12 Jul 2025AR$13.8tAR$9.2tAR$1.6t7.9x8.9x1.5x
Mon, 09 Jun 2025AR$14.1tAR$8.9tAR$1.5t8.6x9.2x1.6x
Wed, 07 May 2025AR$12.4tAR$8.4tAR$1.6t12.4x7.7x1.5x
Fri, 04 Apr 2025AR$14.8tAR$7.9tAR$1.4t12.5x10.3x1.9x
Sun, 02 Mar 2025AR$14.4tAR$5.9tAR$1.3t14x11.2x2.4x
Tue, 28 Jan 2025AR$15.7tAR$5.4tAR$1.2t15.5x12.9x2.9x
Thu, 26 Dec 2024AR$16.8tAR$5.4tAR$1.2t19.7x13.8x3.1x
Sat, 23 Nov 2024AR$13.7tAR$5.5tAR$1.2t14.9x11.3x2.5x
Mon, 21 Oct 2024AR$10.7tAR$4.4tAR$941.3b22.8x11.3x2.4x
Wed, 18 Sep 2024AR$10.6tAR$4.4tAR$941.3b23x11.2x2.4x
Fri, 16 Aug 2024AR$9.4tAR$4.4tAR$1.0t14.9x9.4x2.1x
Sun, 14 Jul 2024AR$10.0tAR$3.6tAR$832.3b11.6x12x2.7x
Tue, 11 Jun 2024AR$9.0tAR$3.7tAR$818.0b10.6x11x2.4x
Thu, 09 May 2024AR$8.6tAR$2.5tAR$402.1b19.8x21.3x3.4x
Sat, 06 Apr 2024AR$7.9tAR$2.4tAR$330.9b26.8x23.7x3.3x
Mon, 04 Mar 2024AR$7.1tAR$1.5tAR$342.0b11.6x20.8x4.6x
Wed, 31 Jan 2024AR$9.2tAR$1.5tAR$342.0b16.5x26.9x6x
Fri, 29 Dec 2023AR$6.6tAR$1.5tAR$341.7b11.1x19.3x4.3x
Sun, 26 Nov 2023AR$6.2tAR$1.5tAR$362.3b26.3x17.1x4.1x
Tue, 24 Oct 2023AR$4.6tAR$1.2tAR$206.9b53.8x22.1x3.9x
Thu, 21 Sep 2023AR$3.6tAR$1.2tAR$208.8b32.4x17.3x3x
Sat, 19 Aug 2023AR$3.9tAR$1.2tAR$183.4b33.6x21.4x3.3x
Mon, 17 Jul 2023AR$2.9tAR$1.0tAR$121.9b28.4x23.9x2.8x
Wed, 14 Jun 2023AR$2.5tAR$1.0tAR$121.9b26.1x20.3x2.4x
Fri, 12 May 2023AR$2.1tAR$1.0tAR$136.2b22.5x15.6x2.1x
Sun, 09 Apr 2023AR$1.7tAR$969.6bAR$118.0b17.8x14.2x1.7x
Tue, 07 Mar 2023AR$1.6tAR$594.6bAR$79.4b21.7x20x2.7x
Thu, 02 Feb 2023AR$1.7tAR$594.6bAR$79.4b21.3x20.9x2.8x
Sat, 31 Dec 2022AR$1.4tAR$595.6bAR$79.1b19.2x17.7x2.3x
Mon, 28 Nov 2022AR$1.1tAR$607.1bAR$80.0b12.2x14.3x1.9x
Price to Earnings Ratio

14.3x


Total Market Cap: AR$1.1tTotal Earnings: AR$80.0bTotal Revenue: AR$607.1bTotal 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 1.9x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 163% per year over the last three years.
  • Revenues for these companies have grown 157% 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-0.50%
Utilities0.88%
Electric Utilities3.16%
Renewable Energy-0.77%
Gas Utilities-2.82%
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 2.2%, 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 2.2% 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
PAMP Pampa EnergíaAR$5.28k2.5%
+AR$174.7b		44.5%PE15.5x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.49k8.6%
+AR$123.4b		64.0%PE10.7x
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$2.37k1.4%
+AR$28.9b		18.3%PE20.8x
DGCE Distribuidora de Gas del CentroAR$2.40k1.1%
+AR$4.0b		5.7%PE9.8x
CECO2 Central CostaneraAR$508.001.0%
+AR$3.5b		18.4%PE23.2x

Latest News

CGPA2
AR$2,635.00
Camuzzi Gas Pampeana
7D
-6.7%
1Y
-7.7%
EDN
AR$2,371.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
1.4%
1Y
18.3%
DGCE
AR$2,395.00
Distribuidora de Gas del Centro
7D
1.1%
1Y
5.7%
CEPU
AR$2,169.00
Central Puerto
7D
-1.0%
1Y
41.3%

CEPU: Share Buyback Authorization Will Drive Upside Potential This Year

Narrative Update on Central Puerto: Analyst Price Target Adjustment Analysts have revised their price target for Central Puerto and are maintaining the fair value at $2,900. Updated forecasts reflect shifts in key assumptions for revenue growth, profit margins, and valuation multiples.
CECO2
AR$508.00
Central Costanera
7D
1.0%
1Y
18.4%
PAMP
AR$5,275.00
Pampa Energía
7D
2.5%
1Y
44.5%

PAMP: Future Earnings Will Depend On Power-Gas Integration Execution Success

Analysts have raised their price target for Pampa Energía from $92 to $113. They cite expected benefits from improvements in the company’s power generation and gas monetization businesses.
TRAN
AR$3,492.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
8.6%
1Y
64.0%
ECOG
AR$3,360.00
Ecogas Inversiones
7D
-0.6%
1Y
n/a
METR
AR$2,313.00
MetroGAS
7D
-4.1%
1Y
12.8%
GBAN
AR$2,270.00
Naturgy BAN
7D
-1.3%
1Y
21.4%