Capex S.A (CAPX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Capex S.A stock ARS 2,525, price ARS 2,760, that is 8.5% below the price, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 57.46 ARS – 9,440 ARS · fair‑value band 2,029 ARS – 5,426 ARS · the 2,760 ARS price screens above the 2,525 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Capex S.A., an integrated energy company, engages in the exploration and exploitation of hydrocarbons in Argentina.
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The company is involved in the exploration and exploitation of oil and gas; construction and development of a combined-cycle thermal power plant with an installed capacity of 672 MW and an LPG plant; production of hydrogen and oxygen; and production and sale of propane, butane, and gasoline, as well as generation of energy from wind farms and hydrogen/oxygen.
It also processes and separates liquid gases derived from gas. The company was incorporated in 1988 and is based in Vicente López, Argentina. Capex S.A. is a subsidiary of Companias Asociadas Petroleras S.A.
Stock analysis
Capex S.A (CAPX) currently trades at 2,760 ARS, while our model-based Fair Value estimate is 2,525 ARS, so the stock looks roughly fairly valued today (gap 9.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 11,690 ARS per share, and 13 of the 21 models we run sit above the 2,760 ARS price.
Bear case: the Growth DCF group reads lowest at 1,901 ARS, and 8 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2,029 ARS (bear) to 5,426 ARS (bull), the price of 2,760 ARS sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Capex S.A reported revenue of 601B ARS in FY2026 versus 83.1B ARS in FY2022, a compound +64.0%/yr. Reported net income was 45.9B ARS in FY2026, compounding +46.9%/yr from FY2022.
Key figures
Market cap 520B ARS (≈ $336M) Small · P/E ratio 5.4 · P/S ratio 0.75 · EPS (TTM) 508.92 ARS · Net margin 13.5% · Return on equity 14.1% · Return on assets (EBIT) 6.6% (5-year average) · Operating margin 15.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).
What moves the price
The share trades about 59% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −8%, CAPX screens richer than that median.
Fair Value models
Bear2,029 ARSFair Value 2,525 ARSBull5,426 ARS
Price 2,760 ARS · Downside -8.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (267.71 ARS per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+47.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+101.8%
Start year 2021 (pandemic). Over 10 years: +78.4% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+78.4%
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What shareholders gained per year (last 5 years), in ARS ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ARS: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+53.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+53.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.53.5% vs 55.3%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 12%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+78.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Argentina: IMF forecast 13.8% a year to 2030) that is about +57.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 239 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−8.5% · Above median
Profitability
Return on equity (12 months)14.1% · Above median
Return on assets2.7% · Above median
Net margin (12 months)13.5% · Below median
Operating margin (12 months)15.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)61.7% · Top 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Capex S.A Fair Value". https://www.fairvalue-calculator.com/stock/CAPX
Frequently asked questions
Is Capex S.A (CAPX) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 2,525 ARS versus a price of 2,760 ARS, about 8% lower (fairly valued).
What is the fair value of CAPX?
Our model-based fair value for Capex S.A is 2,525 ARS (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,760 ARS.
What is the quality score of CAPX?
Capex S.A has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Capex S.A (CAPX)?
Our model-based price target is the fair value of 2,525 ARS (as of Nov 7, 2026) from 21 valuation models. Cautious scenario 2,029 ARS, optimistic scenario 5,426 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Capex S.A stock forecast for 2026?
Our models put fair value at 2,525 ARS, about 8% lower versus a price of 2,760 ARS (fairly valued). Cautious scenario 2,029 ARS, optimistic scenario 5,426 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Capex S.A (CAPX)?
Capex S.A reported trailing-twelve-month revenue of about 693B ARS (latest available figure, as of Nov 7, 2026).
What growth is priced into Capex S.A (CAPX)?
For today's price to be fair in a discounted-cash-flow model, Capex S.A would have to grow free cash flow by +78.7 % per year for five years (discount rate 20.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +101.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CAPX use?
Our models discount Capex S.A at 20.7 %: a base by market capitalisation (small), country premium for Argentina. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Capex S.A that is +78.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (20.7 %) and the same formula as our fair value.
How much growth has Capex S.A (CAPX) delivered so far?
Over the past 5 years revenue at Capex S.A grew +101.8 % a year. The price currently implies free-cash-flow growth of +78.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Capex S.A (CAPX) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Capex S.A (+78.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Capex S.A (CAPX)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Capex S.A produces per unit of market value. When it exceeds the discount rate of our models (20.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Capex S.A (CAPX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Capex S.A it is 2,525 ARS per share (as of Nov 7, 2026), against a price of 2,760 ARS. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Capex S.A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CAPX trades above its calculated fair value: price 2,760 ARS, fair value 2,525 ARS, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CAPX?
No. The price is what the market pays today (2,760 ARS); the fair value is what the company's own numbers justify (2,525 ARS). For Capex S.A the two are 234.57 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Capex S.A worth?
The market values Capex S.A at about 520B ARS (market capitalisation, as of Nov 7, 2026). Per share that is 2,760 ARS; our models calculate a fair value of 2,525 ARS per share.
What do the bullish and bearish scenarios say about CAPX?
Our models span a range for Capex S.A: cautious scenario 2,029 ARS, base 2,525 ARS, optimistic 5,426 ARS per share (as of Nov 7, 2026, price 2,760 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CAPX?
Capex S.A trades at a price-to-earnings ratio of 5.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,525 ARS is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings: 14.8. Other multiples: P/B 0.7, P/S 0.8, EV/EBITDA 4.4.
How solid is the balance sheet of Capex S.A (CAPX)?
Balance-sheet figures for Capex S.A (as of Nov 7, 2026): return on equity 14.1%, debt of 0.75 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is CAPX from its 52-week high?
Capex S.A trades at 2,760 ARS, about 59% below its 52-week high of 6,660 ARS and 3% above the low of 2,690 ARS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,525 ARS is for.
Which stocks are comparable to Capex S.A?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Capex S.A stock attractive at the current price?
The data as of Nov 7, 2026: price 2,760 ARS, calculated fair value 2,525 ARS (−8%), Quality Score 42/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CAPX calculated?
We run Capex S.A through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,525 ARS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Capex S.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Capex S.A (CAPX)?
The closing price on Nov 6, 2026 was 2,760 ARS. Our model-based fair value is 2,525 ARS, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Capex S.A right now?
The model range is unusually wide (2,029 ARS to 5,426 ARS). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Capex S.A
How large is the market capitalisation of Capex S.A (CAPX)?
The market capitalisation of Capex S.A is 520B ARS (≈ $336M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Capex S.A (CAPX)?
The price-to-sales ratio of Capex S.A is 0.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Capex S.A (CAPX)?
Earnings per share at Capex S.A are 508.92 ARS (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Capex S.A (CAPX)?
The net margin of Capex S.A is 13.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Capex S.A (CAPX)?
The return on equity (ROE) of Capex S.A is 14.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Capex S.A (CAPX)?
On an EBIT basis the return on assets of Capex S.A is 6.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Capex S.A (CAPX)?
The operating margin of Capex S.A is 15.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Capex S.A (CAPX)?
Revenue at Capex S.A is growing +61.7% versus a year earlier (3y avg +19.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Capex S.A (CAPX)?
Earnings per share at Capex S.A are growing +742% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Capex S.A (CAPX) carry?
The net debt of Capex S.A is 589B ARS (fiscal year 2026, ≈ 73.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026