Empresa Distribuidora y Comercializadora Norte S.A. (EDN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Empresa Distribuidora y Comercializadora Norte S.A. ARS 4,569, price ARS 1,836, upside +148.9%, quality 35 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 27.65 ARS – 2,765 ARS · fair‑value band 3,427 ARS – 5,712 ARS · the 1,836 ARS price screens below the 4,569 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Empresa Distribuidora y Comercializadora Norte engages in the distribution and sale of electricity in Argentina.
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Empresa Distribuidora y Comercializadora Norte 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 in January 1997. The company was founded in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte operates as a subsidiary of Empresa de Energía del Cono Sur S.A.
Stock analysis
Empresa Distribuidora y Comercializadora Norte S.A. (EDN) currently trades at 1,836 ARS, while our model-based Fair Value estimate is 4,569 ARS, implying the stock looks roughly 59.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 11,950 ARS per share, and 11 of the 15 models we run sit above the 1,836 ARS price.
Bear case: the Economic Profit group reads lowest at 830.08 ARS, and 4 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,427 ARS (bear) to 5,712 ARS (bull), the price of 1,836 ARS sits below 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 35/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Empresa Distribuidora y Comercializadora Norte S.A. 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.
Key figures
Market cap 1.6T ARS (≈ $1.1B) · P/E ratio 7.7 · P/S ratio 0.62 · EPS (TTM) 253.09 ARS · Net margin 8.0% · Return on equity 9.6% · Return on assets (EBIT) −2.9% · Operating margin 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 57% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at 149%, EDN screens cheaper than that median.
Fair Value models
Bear 3,427 ARSFair Value 4,569 ARSBull 5,712 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 2025 figures (about 9 months old). Earnings retained since then (185.14 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.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.3%
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.
+144.0%
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.
+100.9%
Start year 2020 (pandemic). Over 10 years: +94.8% a year
Revenue growth 10 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.
+94.8%
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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.
+81.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+81.5%
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.−3% → 5%
Compare Empresa Distribuidora y Comercializadora Norte S.A. 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 · 159 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+149% · Top 25%
Profitability
Return on equity (TTM)10% · Below median
Return on assets3% · Below median
Net margin (TTM)7% · Below median
Operating margin (TTM)5% · Bottom 25%
Growth and dividend
Revenue growth10% · Above median
Balance sheet
Debt / equity0.32× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Empresa Distribuidora y Comercializadora Norte S.A. Fair Value". https://www.fairvalue-calculator.com/stock/EDN
Frequently asked questions
Is Empresa Distribuidora y Comercializadora Norte S.A. (EDN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,569 ARS versus a price of 1,836 ARS, about +149% upside (undervalued).
What is the fair value of EDN?
Our model-based fair value for Empresa Distribuidora y Comercializadora Norte S.A. is 4,569 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,836 ARS.
What is the quality score of EDN?
Empresa Distribuidora y Comercializadora Norte S.A. has a Quality Score of 35/100. 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Our model-based price target is the fair value of 4,569 ARS (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 3,427 ARS, optimistic scenario 5,712 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Empresa Distribuidora y Comercializadora Norte S.A. stock forecast for 2026?
Our models put fair value at 4,569 ARS, about +149% upside versus a price of 1,836 ARS (undervalued). Cautious scenario 3,427 ARS, optimistic scenario 5,712 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Empresa Distribuidora y Comercializadora Norte S.A. reported trailing-twelve-month revenue of about 3.1T ARS (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Empresa Distribuidora y Comercializadora Norte S.A. it is 4,569 ARS per share (as of Sep 24, 2026), against a price of 1,836 ARS. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Empresa Distribuidora y Comercializadora Norte S.A. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EDN trades below its calculated fair value: price 1,836 ARS, fair value 4,569 ARS, a gap of about +149% (undervalued). 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 EDN?
No. The price is what the market pays today (1,836 ARS); the fair value is what the company's own numbers justify (4,569 ARS). For Empresa Distribuidora y Comercializadora Norte S.A. the two are 2,733 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Empresa Distribuidora y Comercializadora Norte S.A. worth?
The market values Empresa Distribuidora y Comercializadora Norte S.A. at about 1.6T ARS (market capitalisation, as of Sep 24, 2026). Per share that is 1,836 ARS; our models calculate a fair value of 4,569 ARS per share.
What do the bullish and bearish scenarios say about EDN?
Our models span a range for Empresa Distribuidora y Comercializadora Norte S.A.: cautious scenario 3,427 ARS, base 4,569 ARS, optimistic 5,712 ARS per share (as of Sep 24, 2026, price 1,836 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EDN?
Empresa Distribuidora y Comercializadora Norte S.A. trades at a price-to-earnings ratio of 7.7 (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 4,569 ARS is built from several models across several years. Other multiples: PEG 8.7, P/B 0.7, P/S 0.5, EV/EBITDA 4.2.
What is the PEG ratio of EDN?
The PEG ratio of Empresa Distribuidora y Comercializadora Norte S.A. is 8.71 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Balance-sheet figures for Empresa Distribuidora y Comercializadora Norte S.A. (as of Sep 24, 2026): return on equity 9.6%, debt of 0.32 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is EDN from its 52-week high?
Empresa Distribuidora y Comercializadora Norte S.A. trades at 1,836 ARS, about 32% below its 52-week high of 2,718 ARS and 57% above the low of 1,172 ARS (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,569 ARS is for.
Which stocks are comparable to Empresa Distribuidora y Comercializadora Norte S.A.?
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 Empresa Distribuidora y Comercializadora Norte S.A. stock attractive at the current price?
The data as of Sep 24, 2026: price 1,836 ARS, calculated fair value 4,569 ARS (+149%), Quality Score 35/100, from 15 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 EDN calculated?
We run Empresa Distribuidora y Comercializadora Norte S.A. through 15 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 4,569 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. Empresa Distribuidora y Comercializadora Norte S.A. currently trades 149 % below its own fair value, and the market average says nothing about that. 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The closing price on Sep 23, 2026 was 1,836 ARS. Our model-based fair value is 4,569 ARS, about +149% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Empresa Distribuidora y Comercializadora Norte S.A. right now?
The large discount to fair value meets weak quality (35/100). 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.
Key figures of Empresa Distribuidora y Comercializadora Norte S.A.
How large is the market capitalisation of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The market capitalisation of Empresa Distribuidora y Comercializadora Norte S.A. is 1.6T ARS (≈ $1.1B). 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The price-to-sales ratio of Empresa Distribuidora y Comercializadora Norte S.A. is 0.62 (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Earnings per share at Empresa Distribuidora y Comercializadora Norte S.A. are 253.09 ARS (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The net margin of Empresa Distribuidora y Comercializadora Norte S.A. is 8.0% (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The return on equity (ROE) of Empresa Distribuidora y Comercializadora Norte S.A. is 9.6% (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
On an EBIT basis the return on assets of Empresa Distribuidora y Comercializadora Norte S.A. is −2.9% (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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
The operating margin of Empresa Distribuidora y Comercializadora Norte S.A. is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Revenue at Empresa Distribuidora y Comercializadora Norte S.A. is growing +10.4% versus a year earlier (3y avg +144%). 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN)?
Earnings per share at Empresa Distribuidora y Comercializadora Norte S.A. are growing −74.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Empresa Distribuidora y Comercializadora Norte S.A. (EDN) generate?
The free cash flow of Empresa Distribuidora y Comercializadora Norte S.A. is −176B 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 Empresa Distribuidora y Comercializadora Norte S.A. (EDN) carry?
The net debt of Empresa Distribuidora y Comercializadora Norte S.A. is 977B 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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Sep 24, 2026