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STOCK COMPARISON

Camuzzi Gas Pampeana vs Naturgy Energy Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Camuzzi Gas Pampeana (CGPA2) and Naturgy Energy Group (NTGY) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Camuzzi Gas Pampeana trades at ARS 1,700 versus a fair value of ARS 1,405 (-17%), while Naturgy Energy Group trades at €29.22 versus €32.79 (+12%).
Camuzzi Gas Pampeana
CGPA2.BA · ARS · Utilities
-17%
upside to fair value
overvalued
PriceARS 1,700
Fair ValueARS 1,405
Quality42/100
Naturgy Energy Group
NTGY.MC · EUR · Utilities
+12%
upside to fair value
undervalued
Price€29.22
Fair Value€32.79
Quality55/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Camuzzi Gas PampeanaNaturgy Energy Group
Valuation
24.2×P/E (TTM)13.2×
0.92×P/S (TTM)1.69×
3.29×P/B3.45×
7.9×EV/EBITDA8.1×
n/aPEG6.40×
−17.3%Fair value upside+12.2%
n/aDividend yield6.3%
Profitability
-3%Operating margin18%
n/aEBIT margin trend (5Y)1.42×
12%Return on equity22%
7%Return on assets6%
Growth
-4%Revenue growth (YoY)-7%
132.4%Avg. growth/yr (3Y)n/a
80.1%Avg. growth/yr (5Y)n/a
+85.2%Value creation/yr+15.4%
Balance & size
2.3×Interest coverage (EBIT/interest)7.1×
0.49×Debt / equity1.38×
$477MMarket cap$32B
healthyGrowth qualitymixed

Camuzzi Gas Pampeana leads: 7 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Camuzzi Gas Pampeanaof which business quality 44 · market factors 21 Naturgy Energy Groupof which business quality 52 · market factors 70
ProfitabilityMargins and returns on capital today
36
45
Quality GrowthAre margins and returns improving?
26
37
CashflowEarnings quality: real cash, not paper profit
44
67
Fin. StrengthBalance sheet, leverage, solvency risk
52
30
InvestmentDisciplined investing over empire-building
19
71
Low VolatilityCalm price path (market factor)
50
94
MomentumPrice trend over the last 3–12 months (market factor)
7
55
52W MomentumDistance to the 52-week high (market factor)
10
68
Net IssuanceShare count: buybacks or dilution?
82
76

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCamuzzi Gas PampeanaPrice ARS 1,700Naturgy Energy GroupPrice €29.22
DCF Models+78%above the priceARS 3,026+18%above the price€34.42
Earnings-Based+61%above the priceARS 2,733-9%close to the price€26.55
Dividend Discountn/a-20%below the price€23.41
Multiples+15%above the priceARS 1,960+38%above the price€40.20
Asset-Based-76%below the priceARS 416-77%below the price€6.76
Growth DCF+96%above the priceARS 3,333+26%above the price€36.74
Economic Profit-2%close to the priceARS 1,671-28%below the price€20.95
Growth Earnings+101%above the priceARS 3,415+5%close to the price€30.66
Minimum-76%below the priceARS 416-77%below the price€6.76
Maximum+101%above the priceARS 3,415+38%above the price€40.20
Median+61%above the priceARS 2,733-2%close to the price€28.60
Geometric mean+18%above the priceARS 2,001-16%below the price€24.67

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Camuzzi Gas Pampeana: 6 of 24 models see the stock below the current price.

Naturgy Energy Group: 8 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Camuzzi Gas Pampeana
Price ARS 1,700
Fair Value ARS 1,405
Bear ARS 710Bull ARS 1,757
Naturgy Energy Group
Price €29.22
Fair Value €32.79
Bear €20.92Bull €48.33

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Camuzzi Gas Pampeana · Utilities

Quality score42 · below median
Fair value upside-17% · below median

Naturgy Energy Group · Utilities

Quality score55 · Top 25%
Fair value upside+12% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Camuzzi Gas Pampeana trades at ARS 1,700 versus a fair value of ARS 1,405 (-17%), while Naturgy Energy Group trades at €29.22 versus €32.79 (+12%).

Naturgy Energy Group has the higher quality score (55/100).

Open Naturgy Energy Group live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.