| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | 6.4x | 17.8x | Top tier | |
Growth | 84 | 108.8% | 7.1% | Top tier | |
Quality | 54 | 9.0% | 4.5% | Around median | |
Safety | 73 | 1.3x | 2.6x | Top tier | |
Capital Return | — | — | 2.12% | N/A | |
Momentum | 49 | 25.4% | 2.9% | Around median | |
Sentiment | 47 | 2 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Central Puerto S.A. is one of Argentina's largest electricity producers, having generated 5.25 thousand GWh during the second quarter of fiscal year 2026, equivalent to approximately 15% of total generation on the Argentine grid, or 15.9% including the FONINVEMEM plants based on its economic interest. The company combines thermal, hydroelectric, and renewable assets and generates revenue from spot sales, power purchase agreements, and the MAT and MATER forward contract markets; contracted sales represented 55% of sales volumes and 48% of revenue in the second quarter of fiscal year 2026, serving more than 120 large industrial customers and 16 distribution and sub-distribution companies.
Revenue for the second quarter of fiscal year 2026 reached approximately $453.3 million, up 165.8% from $170.5 million in the second quarter of fiscal year 2025 and 82.3% from $248.6 million in the first quarter of fiscal year 2026. Adjusted earnings before interest, taxes, depreciation, and amortization reached $145 million, up 136.2% year over year and 20.1% quarter over quarter, representing a calculated margin of approximately 32.0%. Revenue included $176.4 million related to spot generation using fuel purchased directly by the company, while profitability benefited from the liquid fuel margin, seasonal spot prices, and newly contracted thermal power.
EDGAR statements for fiscal year 2024 show revenue of $738.2 billion and gross profit of $291.6 billion, representing a calculated gross margin of approximately 39.5%, as well as net income of $61.3 billion and earnings per share of 33.01. Revenue increased from $682.8 billion in fiscal year 2023, but net income declined from $317.8 billion and earnings per share from 214.55, illustrating that annual revenue growth did not translate into comparable growth in net income.
Automated analysis for informational purposes only — not investment advice.
Analyst consensus rates CEPU as Neutral, with an average target of $12 and both the highest and lowest targets identical at $12, so the target range provides no meaningful variation in analyst estimates. This target lies within the 52-week range of $7.43 to $18.503, approximately 61% above the low and approximately 35% below the high. No price-to-earnings ratio is available for use as an additional valuation anchor, while operating earnings growth supports the valuation on one hand and the seasonality of fuel margins and capital expenditure intensity constrain it on the other.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Revenue increased to $453.3 million, up 165.8% from the second quarter of fiscal year 2025, while adjusted earnings before interest, taxes, depreciation, and amortization reached $145 million. Revenue included $176.4 million related to spot generation using fuel procured directly by Central Puerto. Results also benefited from a full quarter of the Brigadier Lopez plant under a power purchase agreement and from additional contracts for the Central Costanera, Piedra del Águila, and Luján de Cuyo plants.
Management stated during the August 12, 2026 call that July 2026 levels were similar to June 2026 levels, but it expected a lower contribution during August 2026. The company does not expect significant volumes of liquid fuel during August 2026 and also anticipates lower self-procured fuel purchases in the fourth quarter of fiscal year 2026. Throughout 2027, management expects purchases of liquid fuel and liquefied natural gas to continue, while increasing direct purchases of domestic natural gas to approximately 4 or 5 million cubic meters per day under the scenario it presented.
Construction progress as of August 12, 2026 was approximately 69% at Nuevo Puerto and 54% at Central Costanera, with the main equipment either delivered or in transit. The two projects had used 81% of their capital budget, with $106 million spent on them in the first half of fiscal year 2026. The company is targeting commercial operation in the fourth quarter of fiscal year 2026 and expects a contribution of $25 million to $27 million to adjusted earnings before interest, taxes, depreciation, and amortization during 2027.
Total financial debt stood at $671.9 million as of June 30, 2026, compared with $178.4 million in cash and current financial assets, resulting in net debt of $493.4 million. Relative to $403.8 million in trailing twelve-month adjusted earnings before interest, taxes, depreciation, and amortization, net leverage was 1.2 times. The company issued $130.1 million of Class D notes bearing 6% interest in April 2026, followed by $94.3 million of Class E notes bearing 5.5% interest in July 2026, primarily to finance working capital and fuel procurement needs.
Power purchase agreements, the MAT and MATER markets, and hydroelectric sales under concession terms represented 55% of sales volume and 48% of revenue in the second quarter of fiscal year 2026. The company's share of the Resolution 400 forward market exceeded 35%, with more than 120 large industrial customers and 16 distribution and sub-distribution companies. Management explained on August 12, 2026 that it does not necessarily aim to contract 100% of its power, but instead retains some exposure to winter spot prices while securing stable prices for the remainder of the fiscal year.
Total generation declined 3.1% compared with the first quarter of fiscal year 2026, despite increasing 20.1% from the second quarter of fiscal year 2025. Output from older steam turbines and renewable energy each declined 17% quarter over quarter, while the gas turbine unit at Luján de Cuyo remained out of service following a generator failure in the first quarter of fiscal year 2025. Capital expenditures of $421.9 million in the first half of fiscal year 2026 also make adherence to schedules and budgets essential to achieving the expected returns.
