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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 13.2x - 14.6x | 13.9x |
Selected Fwd P/E Multiple | 5.2x - 5.8x | 5.5x |
Fair Value | ARS 35,760 - ARS 39,524 | ARS 37,642 |
Upside | -12.4% - -3.2% | -7.8% |
Benchmarks | - | Full Ticker |
Vista Energy, S.A.B. de C.V. | - | BASE:VIST |
Transportadora de Gas del Norte S.A. | - | BASE:TGNO4 |
China Petroleum & Chemical Corporation | - | OTCPK:SNPM.F |
Equinor ASA | - | BASE:EQNR |
TotalEnergies SE | - | BASE:TTE |
YPF Sociedad Anónima | - | BASE:YPFD |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
VIST | TGNO4 | SNPM.F | EQNR | TTE | YPFD | |||
BASE:VIST | BASE:TGNO4 | OTCPK:SNPM.F | BASE:EQNR | BASE:TTE | BASE:YPFD | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 44.8% | -3.2% | 36.7% | 6.9% | NM- | ||
3Y CAGR | 111.3% | NM- | -12.1% | 0.9% | -0.6% | 1906.9% | ||
Latest Twelve Months | 32.9% | 267.5% | -39.9% | -14.7% | -39.8% | 261.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 13.3% | 4.3% | 2.5% | 8.2% | 6.4% | 0.0% | ||
Prior Fiscal Year | 34.0% | 61.6% | 1.8% | 11.1% | 9.8% | -28.5% | ||
Latest Fiscal Year | 29.0% | 9.7% | 1.6% | 8.6% | 8.1% | 11.6% | ||
Latest Twelve Months | 29.1% | 33.8% | 1.2% | 7.7% | 6.8% | 5.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 5.1x | 3.5x | 6.2x | 1.7x | 3.7x | 5.7x | ||
Price / LTM Sales | 1.9x | 2.4x | 0.2x | 0.6x | 0.7x | 0.8x | ||
LTM P/E Ratio | 6.6x | 7.2x | 17.6x | 7.6x | 10.4x | 14.3x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 6.6x | 7.6x | 17.6x | |||||
Historical LTM P/E Ratio | -2.2x | 15.6x | 45.5x | |||||
Selected P/E Multiple | 13.2x | 13.9x | 14.6x | |||||
(x) LTM Net Income | 1,127,195 | 1,127,195 | 1,127,195 | |||||
(=) Equity Value | 14,847,563 | 15,629,014 | 16,410,464 | |||||
(/) Shares Outstanding | 393.3 | 393.3 | 393.3 | |||||
Implied Value Range | 37,750.01 | 39,736.86 | 41,723.70 | |||||
FX Rate: ARS/ARS | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 37,750.01 | 39,736.86 | 41,723.70 | 40,840.00 | ||||
Upside / (Downside) | -7.6% | -2.7% | 2.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | VIST | TGNO4 | SNPM.F | EQNR | TTE | YPFD | |
Value of Common Equity | 3,154 | 1,121,502 | 646,904 | 51,223 | 110,276 | 16,062,894 | |
(/) Shares Outstanding | 254.6 | 439.4 | 168,602.4 | 12,314.4 | 5,310.9 | 393.3 | |
Implied Stock Price | 12.39 | 2,552.50 | 3.84 | 4.16 | 20.76 | 40,840.00 | |
FX Conversion Rate to Trading Currency | 0.00 | 1.00 | 7.11 | 0.00 | 0.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 18,260.00 | 2,552.50 | 0.54 | 6,130.00 | 30,600.00 | 40,840.00 | |
Trading Currency | ARS | ARS | USD | ARS | ARS | ARS | |
FX Rate to Reporting Currency | 0.00 | 1.00 | 7.11 | 0.00 | 0.00 | 1.00 |