Capex S.A (CAPX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Capex S.A ARS 3,020, price ARS 3,370, upside -10.4%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 55.85 ARS – 9,440 ARS · fair‑value band 1,785 ARS – 3,056 ARS · the 3,370 ARS price screens above the 3,020 ARS fair value. Dashed = 300-day average. As of Sep 24, 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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Capex S.A., an integrated energy company, engages in the exploration and exploitation of hydrocarbons in Argentina. 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 3,370 ARS, while our model-based Fair Value estimate is 3,020 ARS, implying the stock looks roughly 11.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 7,332 ARS per share, and 6 of the 12 models we run sit above the 3,370 ARS price.
Bear case: the Asset-Based group reads lowest at 1,927 ARS, and 6 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,785 ARS (bear) to 3,056 ARS (bull), the price of 3,370 ARS sits above 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 34/100 (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 407B ARS in FY2025 versus 18.0B ARS in FY2021, a compound +118.2%/yr. Reported net income was 25.9B ARS in FY2025.
Key figures
Market cap 799B ARS (≈ $559M) · P/S ratio 1.91 · EPS (TTM) −338.65 ARS · Net margin 6.4% · Return on equity −11.1% · Return on assets (EBIT) 7.1% · Operating margin −8.4% · Revenue (TTM) 418B ARS.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 11% 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 −10%, CAPX screens richer than that median.
Fair Value models
Bear 1,785 ARSFair Value 3,020 ARSBull 3,056 ARS
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−16.6%
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.
+69.8%
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.
+87.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+82.1%
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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. Basis: EBIT basis. 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.
+36.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.9%
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.28% → 6%
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 · 306 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Below median
Fair Value upside−10% · Below median
Profitability
Return on assets0% · Below median
Net margin (TTM)−15% · Bottom 25%
Operating margin (TTM)−8% · Bottom 25%
Growth and dividend
Revenue growth12% · Above median
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Sep 24, 2026, our model estimates a fair value of 3,020 ARS versus a price of 3,370 ARS, about −10% upside (overvalued).
What is the fair value of CAPX?
Our model-based fair value for Capex S.A is 3,020 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,370 ARS.
What is the quality score of CAPX?
Capex S.A has a Quality Score of 34/100. 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 3,020 ARS (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 1,785 ARS, optimistic scenario 3,056 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 3,020 ARS, about −10% upside versus a price of 3,370 ARS (overvalued). Cautious scenario 1,785 ARS, optimistic scenario 3,056 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 418B ARS (latest available figure, as of Sep 24, 2026).
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 3,020 ARS per share (as of Sep 24, 2026), against a price of 3,370 ARS. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Capex S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CAPX trades above its calculated fair value: price 3,370 ARS, fair value 3,020 ARS, a gap of about −10% (overvalued). 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 (3,370 ARS); the fair value is what the company's own numbers justify (3,020 ARS). For Capex S.A the two are 350.06 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 799B ARS (market capitalisation, as of Sep 24, 2026). Per share that is 3,370 ARS; our models calculate a fair value of 3,020 ARS per share.
What do the bullish and bearish scenarios say about CAPX?
Our models span a range for Capex S.A: cautious scenario 1,785 ARS, base 3,020 ARS, optimistic 3,056 ARS per share (as of Sep 24, 2026, price 3,370 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Capex S.A (CAPX)?
Balance-sheet figures for Capex S.A (as of Sep 24, 2026): return on equity −11.1%, debt of 0.70 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is CAPX from its 52-week high?
Capex S.A trades at 3,370 ARS, about 49% below its 52-week high of 6,660 ARS and 11% above the low of 3,035 ARS (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,020 ARS is for.
Which stocks are comparable to Capex S.A?
From the same area (Energy) we also value CNOOC Limited, ConocoPhillips explores for,, 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 Sep 24, 2026: price 3,370 ARS, calculated fair value 3,020 ARS (−10%), Quality Score 34/100, from 13 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 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,020 ARS, 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 14.1 % 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 Sep 23, 2026 was 3,370 ARS. Our model-based fair value is 3,020 ARS, about −10% upside (overvalued). 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 price sits above even our optimistic bull case (3,056 ARS). The favourable scenario is already priced in. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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 799B ARS (≈ $559M). 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 1.91 (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 −338.65 ARS. 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 6.4% (fiscal year 2025). 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 −11.1% (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 7.1% (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 −8.4% (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 +12.2% versus a year earlier (3y avg +69.8%). 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 free cash flow does Capex S.A (CAPX) generate?
The free cash flow of Capex S.A is −3.7B 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 Capex S.A (CAPX) carry?
The net debt of Capex S.A is 489B 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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