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Camuzzi Gas Pampeana S.A (CGPA2) Fair Value & Analysis

Utilities · AR · Market cap 682B ARS

CG Camuzzi Gas Pampeana S.A CGPA2 · BA
Price2,045 ARS
Fair Value1,405 ARS
Upside-31.3%
Quality42/100
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Healthy Growth
Thin margins · 3.8% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 38/100
Evidence: High Range 1,054 ARS – 2,514 ARS Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Share price −0.5% over the past month.

Below-average quality, and screening another 31% overvalued on our models.

What matters now

  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (1,054 ARS to 2,514 ARS) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4,135 ARS 16.50 ARS Fair Value 1,405 ARS Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 16.50 ARS – 4,135 ARS · fair‑value band 1,054 ARS – 2,514 ARS · the 2,045 ARS price screens above the 1,405 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Camuzzi Gas Pampeana S.A (CGPA2) currently trades at 2,045 ARS, while our model-based Fair Value estimate is 1,405 ARS, implying the stock looks roughly 31.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Camuzzi Gas Pampeana S.A generated revenue of 742B ARS at a net margin of 3.8%. Revenue declined 4.3% year over year. It earns a return on equity of 11.8%. Net debt stands at 152B ARS. Fundamentals as of Jul 15, 2026

Our scenario range runs from 1,054 ARS (bear case) to 2,514 ARS (bull case); at 2,045 ARS, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 63% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at -31%, CGPA2 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 655.38 ARS 1,637 ARS 3,285 ARS 80
Residual Income 593.13 ARS 738.58 ARS 1,862 ARS 76
Rev-Margin DCF 1,816 ARS 3,789 ARS 7,894 ARS 74
All 24 models by family
DCF Models
FCF DCF 710.61 ARS 1,299 ARS 3,222 ARS 38
Owner Earnings 84.44 ARS 533.61 ARS 1,519 ARS 31
5Y Revenue Exit 1,603 ARS 3,286 ARS 6,837 ARS 39
5Y EBITDA Exit 1,837 ARS 3,760 ARS 7,544 ARS 41
5Y P/E Exit 815.47 ARS 2,187 ARS 4,066 ARS 38
10Y Revenue Exit 1,307 ARS 3,952 ARS 5,880 ARS 36
10Y EBITDA Exit 1,574 ARS 4,468 ARS 9,727 ARS 37
10Y P/E Exit 810.82 ARS 2,216 ARS 4,551 ARS 35
Earnings-Based
Graham-Dodd 530.92 ARS 3,703 ARS 5,196 ARS 54
Lynch FV 1,913 ARS 2,733 ARS 3,552 ARS 50
PEG = 1.0 1,913 ARS 2,733 ARS 3,552 ARS 46
EPV 1,664 ARS 2,002 ARS 2,302 ARS 59
Multiples
P/E Multiple 1,054 ARS 1,405 ARS 1,757 ARS 63
P/S Multiple 995.47 ARS 1,327 ARS 1,659 ARS 58
P/B Multiple 838.42 ARS 1,118 ARS 1,397 ARS 55
EV/EBIT 2,142 ARS 2,940 ARS 3,737 ARS 53
EV/EBITDA 2,127 ARS 2,919 ARS 3,711 ARS 54
EV/Revenue 1,685 ARS 2,515 ARS 3,344 ARS 43
Asset-Based
NCAV (Graham) 310.53 ARS 416.10 ARS 621.05 ARS 50
Growth DCF
Growth DCF 655.38 ARS 1,637 ARS 3,285 ARS 80
Rev-Margin DCF 1,816 ARS 3,789 ARS 7,894 ARS 74
Economic Profit
Residual Income 593.13 ARS 738.58 ARS 1,862 ARS 76
ROIC Compounder 2,455 ARS 4,349 ARS 5,544 ARS 72
Growth Earnings
Growth-Adj P/E 2,391 ARS 3,415 ARS 4,440 ARS 68

Widest divergence: Growth Earnings (3,415 ARS) versus Asset-Based (416.10 ARS). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 742B ARS
Revenue growth (YoY) -4.3%
Net margin 3.8%
Return on equity 11.8%
Free cash flow 17.9B ARS FY2025
P/E ratio 24.2
More key figures
Operating margin -2.6%
EPS (TTM) 84.67 ARS
EPS growth (YoY) +57.5%
Net debt 152B ARS FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 32

Profitability 36
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Camuzzi Gas Pampeana S.A. distributes natural gas in Argentina. It serves families, businesses, and industries through approximately 56,000 kilometers of gas transport pipelines and distribution network systems in the provinces of Buenos Aires, La Pampa, Neuquén, Chubut, Río Negro, Santa Cruz, and Tierra del Fuego.

Full company description

Camuzzi Gas Pampeana S.A. distributes natural gas in Argentina. It serves families, businesses, and industries through approximately 56,000 kilometers of gas transport pipelines and distribution network systems in the provinces of Buenos Aires, La Pampa, Neuquén, Chubut, Río Negro, Santa Cruz, and Tierra del Fuego. The company is based in Buenos Aires, Argentina. Camuzzi Gas Pampeana S.A. operates as a subsidiary of Sodigas Pampeana S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Camuzzi Gas Pampeana S.A reported revenue of 568B ARS in FY2025 versus 29.7B ARS in FY2021, a compound +109.0%/yr. Reported net income was 26.0B ARS in FY2025.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
568B ARS
Latest YoY
+8.2%
Avg. growth/yr (3Y)
+132.4%
Avg. growth/yr (5Y)
+80.1%
Avg. growth/yr (10Y)
+79.7%
Revenue +109.0%/yr
FY21 29.7B ARS
FY22 45.3B ARS
FY23 285B ARS
FY24 525B ARS
FY25 568B ARS
Net income
FY21 −285M ARS
FY22 4.1B ARS
FY23 −5.4B ARS
FY24 234B ARS
FY25 26.0B ARS

CGPA2 screens 31% overvalued. Compare with Naturgy Energy Group →

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Cite: Fair Value Calculator (2026). "Camuzzi Gas Pampeana S.A Fair Value". https://www.fairvalue-calculator.com/stock/CGPA2

Peer Group

Utilities - Regulated Gas · 104 stocks

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.

Quality Score 42 · Bottom 25%
Fair Value upside −31% · Bottom 25%
Return on equity (TTM) 12% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper

P/E (TTM) 24.2× · Pricier than 75% of peers
P/B 3.29× · Pricier than 75% of peers
P/S (TTM) 0.92× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 0 · sector 0
PAST 47 · sector 34
HEALTH 76 · sector 85
DIVIDEND 0 · sector 67

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group NTGY €28.84 €35.80 +24%
Atmos Energy Corporation ATO $177.68 $85.67 -52%
NiSource Inc NI $47.07 $28.59 -39%
Uniper SE UN0 €42.80 €49.13 +15%
The Hong Kong and China Gas Company 0003 HK$7.03 HK$5.08 -28%
Italgas S.p.A IG €9.98 €8.11 -19%
GAIL (India) Limited GAIL ₹171.71 ₹147.74 -14%
Adani Total Gas Limited ATGL ₹723.90 ₹101.36 -86%
ENN Natural Gas Co 600803 ¥17.30 ¥25.71 +49%
UGI Corporation UGI $35.84 $27.13 -24%

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Frequently asked questions

Is Camuzzi Gas Pampeana S.A (CGPA2) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1,405 ARS versus a price of 2,045 ARS, about −31% (overvalued).
What is the fair value of CGPA2?
Our model-based fair value for Camuzzi Gas Pampeana S.A is 1,405 ARS (as of Jul 15, 2026), built from audited fundamentals. The current price is 2,045 ARS.
What is the quality score of CGPA2?
Camuzzi Gas Pampeana 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 revenue of Camuzzi Gas Pampeana S.A (CGPA2)?
Camuzzi Gas Pampeana S.A reported trailing-twelve-month revenue of about 742B ARS (latest available figure, as of Jul 15, 2026).
What is the net profit margin of CGPA2?
The net profit margin of Camuzzi Gas Pampeana S.A is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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