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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.1%
  • 3M-14.4%
  • 1Y15.8%
  • YTD-10.9%

The Utilities is pretty flat in the last 7 days, but Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has stood out, gaining 7.7%. The past year has been better, since the industry has gained 16% in that time. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026AR$17.8tAR$12.0tAR$1.9t8.7x9.4x1.5x
Fri, 20 Feb 2026AR$17.4tAR$9.9tAR$1.5t12.7x11.6x1.8x
Sun, 18 Jan 2026AR$17.9tAR$10.0tAR$1.5t11.7x11.9x1.8x
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
Price to Earnings Ratio

13.9x


Total Market Cap: AR$1.6tTotal Earnings: AR$117.0bTotal Revenue: AR$965.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 14.6x202420252026
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 9.4x which is lower than its 3-year average PE of 14.6x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 153% per year over the last three years.
  • Revenues for these companies have grown 132% 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 Market2.94%
Utilities-0.13%
Electric Utilities0.069%
Gas Utilities-0.28%
Renewable Energy-0.50%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 6.9%, which is lower than the prior year's growth of 223.4% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 18.6x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 6.9% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$2.16k7.7%
+AR$134.9b		0.09%PE7.9x
CGPA2 Camuzzi Gas PampeanaAR$2.29k3.9%
+AR$28.3b		-15.0%PE29.3x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.77k1.6%
+AR$26.7b		73.9%PE8.6x
CECO2 Central CostaneraAR$412.003.0%
+AR$8.4b		-20.0%PE29.5x
METR MetroGASAR$2.01k0.7%
+AR$7.4b		-5.5%PE8.7x

Latest News

CGPA2
AR$2,290.00
Camuzzi Gas Pampeana
7D
3.9%
1Y
-15.0%
CEPU
AR$2,279.00
Central Puerto
7D
-0.8%
1Y
44.7%

CEPU: Lower Discount Rate And Richer P/E Multiple Will Support Upside

Analysts have maintained their ARS 2,900 price target for Central Puerto, citing updated assumptions that now incorporate a lower discount rate, more moderate revenue growth and profit margins, as well as a higher future P/E multiple. Valuation Changes Fair Value: The ARS 2,900 price estimate has been kept unchanged at ARS 2,900.
PAMP
AR$4,895.00
Pampa Energía
7D
-2.3%
1Y
15.2%

PAMP: Future Returns Will Be Driven By Crude Projects And Buybacks

Analysts have lifted their fair value estimate for Pampa Energía from ARS 6,149.67 to ARS 6,183.00, pointing to stronger perceived asset quality, disciplined investment, and potential upside from crude-focused projects such as Rincon de Aranda. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target of US$97 from US$88 as a reflection of confidence in how Pampa Energía is managing its asset base and capital allocation.
TRAN
AR$3,765.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
1.6%
1Y
73.9%
EDN
AR$2,157.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
7.7%
1Y
0.09%
DGCE
AR$1,990.00
Distribuidora de Gas del Centro
7D
-0.5%
1Y
-7.9%
DGCU2
AR$1,690.00
Distribuidora de Gas Cuyana
7D
-1.7%
1Y
0.3%
CECO2
AR$412.00
Central Costanera
7D
3.0%
1Y
-20.0%
METR
AR$2,008.00
MetroGAS
7D
0.7%
1Y
-5.5%
ECOG
AR$3,000.00
Ecogas Inversiones
7D
-5.4%
1Y
10.5%