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EDN Fair Value & Analysis

Utilities · AR · Market cap 1.8T ARS

E EDN EDN · BA
Price2,061 ARS
Fair Value4,569 ARS
Upside+121.7%
Quality36/100
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Expensive Growth
Solidly profitable · 10.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/13)
Moderate moat 51/100
Evidence: Medium Range 3,427 ARS – 7,317 ARS Share as image

Fair value as of: Jul 5, 2026

From 15 valuation models · updated 36 days ago

Fair value updated Jul 5, 2026, revised from 9,717 ARS to 4,569 ARS (−53.0%) since Jun 24, 2026. Share price +16.3% over the past month.

Below-average quality, screening 122% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (3,427 ARS). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (3,427 ARS to 7,317 ARS) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2,765 ARS 25.15 ARS Fair Value 4,569 ARS Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 5, 2026.

How to read this chart

60‑month range 25.15 ARS – 2,765 ARS · fair‑value band 3,427 ARS – 7,317 ARS · the 2,061 ARS price screens below the 4,569 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 5, 2026.

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Analysis

EDN (EDN) currently trades at 2,061 ARS, while our model-based Fair Value estimate is 4,569 ARS, implying the stock looks roughly 121.7% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, EDN generated revenue of 3.0T ARS at a net margin of 10.4%. It earns a return on equity of 14.7%. Net debt stands at 977B ARS. The stock trades on a trailing P/E of 5.8. Fundamentals as of Jul 5, 2026

Our scenario range runs from 3,427 ARS (bear case) to 7,317 ARS (bull case); at 2,061 ARS, the current price sits below 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 26% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 122%, EDN screens cheaper 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
Residual Income 2,313 ARS 2,675 ARS 5,447 ARS 76
ROIC Compounder 969.90 ARS 1,241 ARS 1,483 ARS 72
Growth-Adj P/E 8,365 ARS 11,950 ARS 15,535 ARS 68
All 15 models by family
DCF Models
Owner Earnings 980.37 ARS 3,060 ARS 7,621 ARS 31
Earnings-Based
Graham-Dodd 1,858 ARS 12,956 ARS 18,181 ARS 54
Lynch FV 6,693 ARS 9,562 ARS 12,431 ARS 50
PEG = 1.0 6,693 ARS 9,562 ARS 12,431 ARS 46
EPV 969.90 ARS 1,241 ARS 1,483 ARS 59
Multiples
P/E Multiple 3,688 ARS 4,918 ARS 6,147 ARS 63
P/S Multiple 3,483 ARS 4,644 ARS 5,805 ARS 58
P/B Multiple 3,427 ARS 4,569 ARS 5,712 ARS 55
EV/EBIT 1,354 ARS 1,995 ARS 2,636 ARS 53
EV/EBITDA 2,518 ARS 3,547 ARS 4,576 ARS 54
EV/Revenue 986.99 ARS 1,653 ARS 2,320 ARS 43
Asset-Based
NCAV (Graham) 1,269 ARS 1,701 ARS 2,538 ARS 50
Economic Profit
Residual Income 2,313 ARS 2,675 ARS 5,447 ARS 76
ROIC Compounder 969.90 ARS 1,241 ARS 1,483 ARS 72
Growth Earnings
Growth-Adj P/E 8,365 ARS 11,950 ARS 15,535 ARS 68

Widest divergence: Growth Earnings (11,950 ARS) versus Economic Profit (1,241 ARS). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.0T ARS
Net margin 10.4%
Return on equity 14.7%
Free cash flow −176B ARS FY2025
P/E ratio 5.8
Operating margin 16.0%
More key figures
EPS (TTM) 353.69 ARS
EPS growth (YoY) +148%
Net debt 977B ARS FY2025

Figures from reported company fundamentals · as of Jul 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 34 · Market factors (momentum, volatility) 47

Profitability 36
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 57
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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima engages in the distribution and sale of electricity in Argentina.

Full company description

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima engages in the distribution and sale of electricity in Argentina. 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 Sociedad Anónima in January 1997. The company was founded in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EDN 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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.0T ARS
Latest YoY
+11.3%
Avg. growth/yr (3Y)
+144.0%
Avg. growth/yr (5Y)
+100.9%
Avg. growth/yr (10Y)
+94.8%
Revenue +126.6%/yr
FY21 114B ARS
FY22 206B ARS
FY23 2.0T ARS
FY24 2.7T ARS
FY25 3.0T ARS
Net income
FY21 −21.3B ARS
FY22 −17.5B ARS
FY23 252B ARS
FY24 358B ARS
FY25 239B ARS

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Cite: Fair Value Calculator (2026). "EDN Fair Value". https://www.fairvalue-calculator.com/stock/EDN

Peer Group

Utilities - Regulated Electric · 154 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 36 · Bottom 25%
Fair Value upside +122% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 3% · Below median
Net margin (TTM) 10% · Below median
Operating margin (TTM) 16% · Below median
Revenue growth 0% · Below median
Debt / equity 0.32× · Lower than median

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

P/E (TTM) 5.8× · Cheaper than 75% of peers
P/B 0.81× · Cheaper than 75% of peers
P/S (TTM) 0.60× · Cheaper than 75% of peers
EV/EBITDA 5.0× · Cheaper than 75% of peers
PEG 8.71× · Pricier than 75% of peers

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 100 · sector 7
FUTURE 0 · sector 32
PAST 59 · sector 39
HEALTH 84 · sector 54
DIVIDEND 0 · sector 56

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 Electric stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is EDN overvalued or undervalued?
As of Jul 5, 2026, our model estimates a fair value of 4,569 ARS versus a price of 2,061 ARS, about +122% (undervalued).
What is the fair value of EDN?
Our model-based fair value for EDN is 4,569 ARS (as of Jul 5, 2026), built from audited fundamentals. The current price is 2,061 ARS.
What is the quality score of EDN?
EDN has a Quality Score of 36/100. 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 EDN?
EDN reported trailing-twelve-month revenue of about 3.0T ARS (latest available figure, as of Jul 5, 2026).
What is the net profit margin of EDN?
The net profit margin of EDN is about 10.4%, meaning it keeps roughly 10.4% 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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