Enel Generacion Costanera SA (CECO2) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Enel Generacion Costanera SA ARS 120, price ARS 486, upside -75.2%, quality 53 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 13.20 ARS – 628.00 ARS · fair‑value band 111.08 ARS – 194.60 ARS · the 486.00 ARS price screens above the 120.48 ARS fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Central Costanera S.A. generates, transports, trades, and distributes electrical energy in Argentina. It owns and operates four conventional turbo steam units with an installed capacity of 661 MW; two cycles energy plant with an installed capacity of 851 MW; a gas turbine; and a BTH steam turbine with an installed capacity of 277 MW.
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Central Costanera S.A. generates, transports, trades, and distributes electrical energy in Argentina. It owns and operates four conventional turbo steam units with an installed capacity of 661 MW; two cycles energy plant with an installed capacity of 851 MW; a gas turbine; and a BTH steam turbine with an installed capacity of 277 MW. The company provides engineering, consultancy, and management services for operation of electrical power plants. The company was formerly known as Enel Generación Costanera S.A. and changed its name to Central Costanera S.A. in March 2023. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. The company operates as a subsidiary of Enel Argentina S.A.
Stock analysis
Enel Generacion Costanera SA (CECO2) currently trades at 486.00 ARS, while our model-based Fair Value estimate is 120.48 ARS, 75.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 400.55 ARS per share, and 4 of the 24 models we run sit above the 486.00 ARS price.
Bear case: the Economic Profit group reads lowest at 38.28 ARS, and 20 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 111.08 ARS (bear) to 194.60 ARS (bull), the price of 486.00 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 53/100 (solid quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Enel Generacion Costanera SA reported revenue of 110B ARS in FY2024 versus 9.3B ARS in FY2020, a compound +85.8%/yr. Reported net income was 6.4B ARS in FY2024, compounding +43.6%/yr from FY2020.
Key figures
Market cap 341B ARS (≈ $224M) · P/E ratio 21.3 · P/S ratio 1.24 · EPS (TTM) 22.79 ARS · Dividend yield 2.6% · Net margin 5.8% · Return on equity 14.8% · Return on assets (EBIT) −1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at −75%, CECO2 screens richer than that median.
Fair Value models
Bear 111.08 ARSFair Value 120.48 ARSBull 194.60 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. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (22.79 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.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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.7%
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.
+118.9%
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.
+53.9%
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.
+62.3%
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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.
+19.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.3%
Dividend (yield on the price)2.6%
Profit margin 2019 to 2024 ⓘ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% → 7%
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Enel Generacion Costanera SA 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 · 152 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−75.2% · Bottom 25%
Profitability
Return on equity (TTM)14.8% · Above median
Return on assets7.3% · Top 25%
Net margin (TTM)13.9% · Above median
Operating margin (TTM)48.0% · Top 25%
Growth and dividend
Revenue growth84.0% · Top 25%
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity0.24× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (TTM)21.3× · Pricier than median
P/B2.53× · Priciest 25%
P/S (TTM)1.76× · Pricier than median
P/FCF160.9× · Priciest 25%
EV/EBITDA5.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 13
FUTURE (revenue growth)100· sector 29
PAST (return on equity)59· sector 39
HEALTH (low debt)88· sector 51
DIVIDEND (yield)53· sector 68
VALUE 0: the price sits above our fair-value range.
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). "Enel Generacion Costanera SA Fair Value". https://www.fairvalue-calculator.com/stock/CECO2
Frequently asked questions
Is Enel Generacion Costanera SA (CECO2) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 120.48 ARS versus a price of 486.00 ARS, about −75% upside (overvalued).
What is the fair value of CECO2?
Our model-based fair value for Enel Generacion Costanera SA is 120.48 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 486.00 ARS.
What is the quality score of CECO2?
Enel Generacion Costanera SA has a Quality Score of 53/100. 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 Enel Generacion Costanera SA (CECO2)?
Our model-based price target is the fair value of 120.48 ARS (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 111.08 ARS, optimistic scenario 194.60 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Enel Generacion Costanera SA stock forecast for 2026?
Our models put fair value at 120.48 ARS, about −75% upside versus a price of 486.00 ARS (overvalued). Cautious scenario 111.08 ARS, optimistic scenario 194.60 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Enel Generacion Costanera SA (CECO2)?
Enel Generacion Costanera SA reported trailing-twelve-month revenue of about 194B ARS (latest available figure, as of Sep 24, 2026).
Does Enel Generacion Costanera SA pay a dividend?
Enel Generacion Costanera SA currently shows a dividend yield of about 2.65% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Enel Generacion Costanera SA (CECO2)?
For today's price to be fair in a discounted-cash-flow model, Enel Generacion Costanera SA would have to grow free cash flow by more than 80 % per year for five years (discount rate 22.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +53.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CECO2 use?
Our models discount Enel Generacion Costanera SA at 22.2 %: a base by market capitalisation (micro), 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 Enel Generacion Costanera SA that is more than 80 % per year a year over ten years, using the same discount rate (22.2 %) and the same formula as our fair value.
How much growth has Enel Generacion Costanera SA (CECO2) delivered so far?
Over the past 5 years revenue at Enel Generacion Costanera SA grew +53.9 % a year. The price currently implies more than 80 % per year free-cash-flow growth a 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 Enel Generacion Costanera SA (CECO2) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Enel Generacion Costanera SA (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Enel Generacion Costanera SA (CECO2)?
The free-cash-flow yield on the price is 0.62 %: that much free cash flow Enel Generacion Costanera SA produces per unit of market value. When it exceeds the discount rate of our models (22.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Enel Generacion Costanera SA (CECO2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enel Generacion Costanera SA it is 120.48 ARS per share (as of Sep 24, 2026), against a price of 486.00 ARS. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Enel Generacion Costanera SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CECO2 trades above its calculated fair value: price 486.00 ARS, fair value 120.48 ARS, a gap of about −75% (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 CECO2?
No. The price is what the market pays today (486.00 ARS); the fair value is what the company's own numbers justify (120.48 ARS). For Enel Generacion Costanera SA the two are 365.52 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Enel Generacion Costanera SA worth?
The market values Enel Generacion Costanera SA at about 341B ARS (market capitalisation, as of Sep 24, 2026). Per share that is 486.00 ARS; our models calculate a fair value of 120.48 ARS per share.
What do the bullish and bearish scenarios say about CECO2?
Our models span a range for Enel Generacion Costanera SA: cautious scenario 111.08 ARS, base 120.48 ARS, optimistic 194.60 ARS per share (as of Sep 24, 2026, price 486.00 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CECO2?
Enel Generacion Costanera SA trades at a price-to-earnings ratio of 21.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 120.48 ARS is built from several models across several years. Other multiples: P/B 2.5, P/S 1.8, EV/EBITDA 5.0.
How solid is the balance sheet of Enel Generacion Costanera SA (CECO2)?
Balance-sheet figures for Enel Generacion Costanera SA (as of Sep 24, 2026): return on equity 14.8%, debt of 0.24 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is CECO2 from its 52-week high?
Enel Generacion Costanera SA trades at 486.00 ARS, about 13% below its 52-week high of 560.00 ARS and 39% above the low of 349.50 ARS (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of 120.48 ARS is for.
Which stocks are comparable to Enel Generacion Costanera SA?
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 Enel Generacion Costanera SA stock attractive at the current price?
The data as of Sep 24, 2026: price 486.00 ARS, calculated fair value 120.48 ARS (−75%), Quality Score 53/100, from 24 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 CECO2 calculated?
We run Enel Generacion Costanera SA through 24 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 120.48 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 14.9 % above its aggregate fair value. Enel Generacion Costanera SA 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 Enel Generacion Costanera SA (CECO2)?
The closing price on Sep 28, 2026 was 486.00 ARS. Our model-based fair value is 120.48 ARS, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enel Generacion Costanera SA right now?
The price sits above even our optimistic bull case (194.60 ARS). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Enel Generacion Costanera SA
How large is the market capitalisation of Enel Generacion Costanera SA (CECO2)?
The market capitalisation of Enel Generacion Costanera SA is 341B ARS (≈ $224M). 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 Enel Generacion Costanera SA (CECO2)?
The price-to-sales ratio of Enel Generacion Costanera SA is 1.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Enel Generacion Costanera SA (CECO2)?
Earnings per share at Enel Generacion Costanera SA are 22.79 ARS (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Enel Generacion Costanera SA (CECO2)?
The dividend yield of Enel Generacion Costanera SA is 2.6% (payout 56.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Enel Generacion Costanera SA (CECO2)?
The net margin of Enel Generacion Costanera SA is 5.8% (fiscal year 2024). 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 Enel Generacion Costanera SA (CECO2)?
The return on equity (ROE) of Enel Generacion Costanera SA is 14.8% (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 Enel Generacion Costanera SA (CECO2)?
On an EBIT basis the return on assets of Enel Generacion Costanera SA is −1.3% (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 Enel Generacion Costanera SA (CECO2)?
The operating margin of Enel Generacion Costanera SA is 48.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enel Generacion Costanera SA (CECO2)?
Revenue at Enel Generacion Costanera SA is growing +84.0% versus a year earlier (3y avg +119%). 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 Enel Generacion Costanera SA (CECO2)?
Earnings per share at Enel Generacion Costanera SA are growing +78.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Enel Generacion Costanera SA (CECO2) carry?
The net debt of Enel Generacion Costanera SA is 35.0B ARS (fiscal year 2024, ≈ 16.5 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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Thin data
Sep 24, 2026