Financials Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Equities

EDN

ARENOR010020

Electric Utilities

End-of-day quote Buenos Aires S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
904.4 ARS +1.87% Intraday chart for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima +3.94% -3.99%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 21,046 25,027 49,937 119,457 824,818 791,895 -
Enterprise Value (EV) 1 30,493 28,991 56,784 132,548 824,818 842,490 863,879
P/E ratio 1.74 x -1.41 x -2.34 x -6.84 x - - -
Yield - - - - - - -
Capitalization / Revenue 0.23 x 0.27 x 0.44 x 0.58 x 1.18 x 0.69 x 0.62 x
EV / Revenue 0.34 x 0.32 x 0.5 x 0.64 x 1.18 x 0.73 x 0.68 x
EV / EBITDA 3.16 x 6.73 x 11 x 21.7 x 5.04 x 8.88 x 5.97 x
EV / FCF 38,686,292 x 4,628,951 x - - - - -
FCF Yield 0% 0% - - - - -
Price to Book - - - - - - -
Nbr of stocks (in thousands) 875,074 875,074 875,321 875,461 875,603 875,603 -
Reference price 2 24.05 28.60 57.05 136.4 942.0 904.4 904.4
Announcement Date 3/6/20 3/11/21 3/10/22 3/10/23 3/11/24 - -
1ARS in Million2ARS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 89,944 91,316 113,500 205,835 701,098 1,154,655 1,270,070
EBITDA 1 9,650 4,306 5,162 6,114 163,527 94,927 144,767
EBIT 1 6,503 -19,917 -4,397 -31,243 -119,786 88,225 -
Operating Margin 7.23% -21.81% -3.87% -15.18% -17.09% 7.64% -
Earnings before Tax (EBT) 22,808 -21,261 - - - - -
Net income 12,134 -17,698 -21,344 -17,468 - - -
Net margin 13.49% -19.38% -18.81% -8.49% - - -
EPS 13.84 -20.23 -24.39 -19.96 - - -
Free Cash Flow 788.2 6,263 - - - - -
FCF margin 0.88% 6.86% - - - - -
FCF Conversion (EBITDA) 8.17% 145.45% - - - - -
FCF Conversion (Net income) 6.5% - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 3/6/20 3/11/21 3/10/22 3/10/23 3/11/24 - -
1ARS in Million2ARS
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 - 24,480 - 36,729 63,371 46,554 - 138,357 120,423 242,333 255,971
EBITDA 1 - -1,596 - -5,231 - - - 20,581 - 8,668 -35,656
EBIT 1 - -3,833 - -8,872 - - - 617 -56,737 -17,099 -71,059
Operating Margin - -15.66% - -24.16% - - - 0.45% -47.11% -7.06% -27.76%
Earnings before Tax (EBT) - - - - - - - - - - -
Net income -618 -6,650 -2,818 -6,549 -8,254 - -17,152 76,039 - - -
Net margin - -27.17% - -17.83% -13.02% - - 54.96% - - -
EPS -0.7100 -9.140 -3.220 -7.480 - - -19.60 86.90 - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 11/12/21 3/10/22 5/12/22 8/8/22 11/9/22 3/10/23 8/9/23 11/9/23 3/11/24 - -
1ARS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 9,447 3,964 6,847 13,091 - 50,595 71,984
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 0.979 x 0.9206 x 1.326 x 2.141 x - 0.533 x 0.4972 x
Free Cash Flow 788 6,263 - - - - -
ROE (net income / shareholders' equity) 22.7% -24.7% -25.3% -13% - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 9,370 11,073 - - - - -
Capex / Sales 10.42% 12.13% - - - - -
Announcement Date 3/6/20 3/11/21 3/10/22 3/10/23 3/11/24 - -
1ARS in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
904.4 ARS
Average target price
3,380 ARS
Spread / Average Target
+273.73%
Consensus
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