Empresa Distribuidora y Comercializadora Norte S.A. (EDN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Empresa Distribuidora y Comercializadora Norte S.A. stock ARS 2,364, price ARS 1,187, upside +99.2%, quality 31 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range 36.60 ARS – 2,765 ARS · fair‑value band 1,553 ARS – 3,175 ARS · the 1,187 ARS price screens below the 2,364 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Empresa Distribuidora y Comercializadora Norte engages in the distribution and sale of electricity in Argentina.
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The company operates an electrical power distribution system that consists of 85 transformation substations and interconnections with high voltage customers with 20,295 MVA of installed power and 1,594 km of high voltage networks; and MV/LV and MV/MV distribution system comprises 19,845 transformers with 10,137 MVA of installed power, 12,732 km of medium voltage networks, and 28,590 km of low voltage networks.
It serves approximately 3.39 million customers. The company was formerly known as Empresa Distribuidora Norte Sociedad Anónima and changed its name to Empresa Distribuidora y Comercializadora Norte in January 1997. The company was founded in 1992 and is based in Buenos Aires, Argentina.
Empresa Distribuidora y Comercializadora Norte operates as a subsidiary of Empresa de Energía del Cono Sur S.A.
Stock analysis
Empresa Distribuidora y Comercializadora Norte S.A. (EDN) currently trades at 1,187 ARS, while our model-based Fair Value estimate is 2,364 ARS, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3,137 ARS per share, and 10 of the 14 models we run sit above the 1,187 ARS price.
Bear case: the Economic Profit group reads lowest at 768.35 ARS, and 4 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,553 ARS (bear) to 3,175 ARS (bull), the price of 1,187 ARS sits below 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 31/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Empresa Distribuidora y Comercializadora Norte S.A. reported revenue of 3.0T ARS in FY2025 versus 114B ARS in FY2021, a compound +126.6%/yr. Reported net income was 239B ARS in FY2025.
Key figures
Market cap 1.3T ARS (≈ $854M) Small · P/E ratio 4.0 · P/S ratio 0.43 · EPS (TTM) 294.33 ARS · Net margin 7.2% · Return on equity 9.6% · Return on assets (EBIT) −2.9% (5-year average) · Operating margin 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 56% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at 99%, EDN screens cheaper than that median.
Fair Value models
Bear1,553 ARSFair Value 2,364 ARSBull3,175 ARS
Price 1,187 ARS · Upside +99.2%
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 2025 figures (about 10 months old). Earnings retained since then (251.59 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.3%
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.
+144.0%
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.
+100.9%
Start year 2020 (pandemic). Over 10 years: +94.8% 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.
+94.8%
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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.
+81.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+81.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−3% → 5%
Compare Empresa Distribuidora y Comercializadora Norte S.A. with another stock
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.Utilities - Regulated Electric · 156 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside+99.2% · Top 25%
Profitability
Return on equity (12 months)9.6% · Below median
Return on assets4.2% · Above median
Net margin (12 months)7.2% · Below median
Operating margin (12 months)5.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)10.4% · Above median
Balance sheet
Debt / equity0.32× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Empresa Distribuidora y Comercializadora Norte S.A. Fair Value". https://www.fairvalue-calculator.com/stock/EDN
Frequently asked questions
Is Empresa Distribuidora y Comercializadora Norte S.A. (EDN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 2,364 ARS versus a price of 1,187 ARS, about +99% upside (undervalued).
What is the fair value of EDN?
Our model-based fair value for Empresa Distribuidora y Comercializadora Norte S.A. is 2,364 ARS (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,187 ARS.
What is the quality score of EDN?
Empresa Distribuidora y Comercializadora Norte S.A. has a Quality Score of 31/100. 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Our model-based price target is the fair value of 2,364 ARS (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 1,553 ARS, optimistic scenario 3,175 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Empresa Distribuidora y Comercializadora Norte S.A. stock forecast for 2026?
Our models put fair value at 2,364 ARS, about +99% upside versus a price of 1,187 ARS (undervalued). Cautious scenario 1,553 ARS, optimistic scenario 3,175 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Empresa Distribuidora y Comercializadora Norte S.A. reported trailing-twelve-month revenue of about 3.1T ARS (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Empresa Distribuidora y Comercializadora Norte S.A. it is 2,364 ARS per share (as of Nov 8, 2026), against a price of 1,187 ARS. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Empresa Distribuidora y Comercializadora Norte S.A. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, EDN trades below its calculated fair value: price 1,187 ARS, fair value 2,364 ARS, a gap of about +99% (undervalued). 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 EDN?
No. The price is what the market pays today (1,187 ARS); the fair value is what the company's own numbers justify (2,364 ARS). For Empresa Distribuidora y Comercializadora Norte S.A. the two are 1,177 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Empresa Distribuidora y Comercializadora Norte S.A. worth?
The market values Empresa Distribuidora y Comercializadora Norte S.A. at about 1.3T ARS (market capitalisation, as of Nov 8, 2026). Per share that is 1,187 ARS; our models calculate a fair value of 2,364 ARS per share.
What do the bullish and bearish scenarios say about EDN?
Our models span a range for Empresa Distribuidora y Comercializadora Norte S.A.: cautious scenario 1,553 ARS, base 2,364 ARS, optimistic 3,175 ARS per share (as of Nov 8, 2026, price 1,187 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EDN?
Empresa Distribuidora y Comercializadora Norte S.A. trades at a price-to-earnings ratio of 4.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,364 ARS is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 17.3 (reported for FY2025: 4.3). Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 8.3. Other multiples: PEG 8.7, P/B 0.6, P/S 0.4, EV/EBITDA 3.6.
What is the PEG ratio of EDN?
The PEG ratio of Empresa Distribuidora y Comercializadora Norte S.A. is 8.71 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Balance-sheet figures for Empresa Distribuidora y Comercializadora Norte S.A. (as of Nov 8, 2026): return on equity 9.6%, debt of 0.32 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is EDN from its 52-week high?
Empresa Distribuidora y Comercializadora Norte S.A. trades at 1,187 ARS, about 56% below its 52-week high of 2,718 ARS and at the low of 1,184 ARS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,364 ARS is for.
Which stocks are comparable to Empresa Distribuidora y Comercializadora Norte S.A.?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, 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 Empresa Distribuidora y Comercializadora Norte S.A. stock attractive at the current price?
The data as of Nov 8, 2026: price 1,187 ARS, calculated fair value 2,364 ARS (+99%), Quality Score 31/100, from 14 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 EDN calculated?
We run Empresa Distribuidora y Comercializadora Norte S.A. through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,364 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. Empresa Distribuidora y Comercializadora Norte S.A. currently trades 50% below its own fair value, and the market average says nothing about that. 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The closing price on Nov 6, 2026 was 1,187 ARS. Our model-based fair value is 2,364 ARS, about +99% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Empresa Distribuidora y Comercializadora Norte S.A. right now?
The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1,553 ARS). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1,553 ARS to 3,175 ARS) leaves room in how you read the outcome.
Key figures of Empresa Distribuidora y Comercializadora Norte S.A.
How large is the market capitalisation of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The market capitalisation of Empresa Distribuidora y Comercializadora Norte S.A. is 1.3T ARS (≈ $854M). 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The price-to-sales ratio of Empresa Distribuidora y Comercializadora Norte S.A. is 0.43 (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Earnings per share at Empresa Distribuidora y Comercializadora Norte S.A. are 294.33 ARS (price ÷ EPS = P/E 4.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The net margin of Empresa Distribuidora y Comercializadora Norte S.A. is 7.2% (last twelve months), excl. one-off gain FY2025 2.0%. 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The return on equity (ROE) of Empresa Distribuidora y Comercializadora Norte S.A. is 9.6% (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
On an EBIT basis the return on assets of Empresa Distribuidora y Comercializadora Norte S.A. is −2.9% (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The operating margin of Empresa Distribuidora y Comercializadora Norte S.A. is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Revenue at Empresa Distribuidora y Comercializadora Norte S.A. is growing +10.4% versus a year earlier (3y avg +144%). 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Earnings per share at Empresa Distribuidora y Comercializadora Norte S.A. are growing −74.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Empresa Distribuidora y Comercializadora Norte S.A. (EDN) generate?
The free cash flow of Empresa Distribuidora y Comercializadora Norte S.A. is −176B ARS (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Empresa Distribuidora y Comercializadora Norte S.A. (EDN) carry?
The net debt of Empresa Distribuidora y Comercializadora Norte S.A. is 977B ARS (fiscal year 2025). 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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Nov 8, 2026