Empresa Distribuidora y Comercializadora Norte SA
BCBA:EDN
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (11.1), the stock would be worth ARS2 007 (6% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 10.4 | ARS1 890 |
0%
|
| 3-Year Average | 11.1 | ARS2 007 |
+6%
|
| 5-Year Average | 10 | ARS1 816.65 |
-4%
|
| Industry Average | 51.7 | ARS9 387.09 |
+397%
|
| Country Average | 18.1 | ARS3 277.09 |
+73%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| AR |
E
|
Empresa Distribuidora y Comercializadora Norte SA
BCBA:EDN
|
1.7T ARS | 10.4 | 7.7 | |
| US |
|
Nextera Energy Inc
NYSE:NEE
|
204.1B USD | 15.1 | 24.9 | |
| ES |
|
Iberdrola SA
MAD:IBE
|
128.3B EUR | 41.7 | 20.6 | |
| IT |
|
Enel SpA
MIL:ENEL
|
99.6B EUR | 38.6 | 23.7 | |
| US |
|
Constellation Energy Corp
NASDAQ:CEG
|
113.4B USD | 52.5 | 42.2 | |
| US |
|
Southern Co
NYSE:SO
|
106.3B USD | 65.9 | 24.5 | |
| US |
|
Duke Energy Corp
NYSE:DUK
|
100.8B USD | 420.8 | 20.5 | |
| US |
|
American Electric Power Company Inc
NASDAQ:AEP
|
74.2B USD | 956.5 | 20.7 | |
| FR |
|
Electricite de France SA
PAR:EDF
|
46.6B EUR | 22.3 | -2.5 | |
| US |
|
Entergy Corp
NYSE:ETR
|
53.3B USD | -30 | 30.3 | |
| US |
|
Xcel Energy Inc
NASDAQ:XEL
|
51.7B USD | -15.4 | 25.6 |
Market Distribution
| Min | 4.8 |
| 30th Percentile | 13.2 |
| Median | 18.1 |
| 70th Percentile | 71.8 |
| Max | 1 479.4 |
Other Multiples
Empresa Distribuidora y Comercializadora Norte SA
Glance View
Empresa Distribuidora y Comercializadora Norte S.A., often referred to as Edenor, operates as a vital conduit in Argentina's energy sector. Serving as the largest electricity distributor in the country, Edenor is responsible for bringing reliable and accessible electricity to a densely populated area that covers the northern region of Buenos Aires and all its surrounding localities. This vast network is its lifeline, comprising power lines, substations, and increasingly sophisticated metering systems, all of which work in concert to ensure a continuous flicker of lights across urban homes, industrial complexes, and critical infrastructure facilities. Substantially, Edenor's operations hinge on the regulatory framework set by the Argentine government, which dictates how it procures electricity and manages tariffs. The company endeavors to balance regulatory constraints, operational costs, and technological upgrades, continuously enhancing the resilience and efficiency of its supply chain. Edenor’s business model primarily revolves around the distribution and commercialization of electricity, where the company derives its revenue from the tariffs applied on the distributed energy to its consumers. Beyond the fundamental act of distribution, Edenor invests in technology upgrades and maintenance of urban electrical systems to prevent outages and reduce energy loss. Their focus on grid reliability and efficiency is central to their mission, aiming to meet the growing energy demands of a sprawling urban population. Additionally, Edenor is also involved in initiatives to integrate renewable energy and smart grid solutions as part of a broader strategy to innovate within the energy sector. Through strategized investments and infrastructural modernizations, Edenor seeks not just to meet the present demand, but to lay down a sustainable roadmap for future energy distribution, navigating the challenges posed by an ever-evolving energy landscape.