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Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A (TRAN) Fair Value & Analysis

Utilities · AR · Market cap 1.7T ARS

CD Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A TRAN · BA
Price3,893 ARS
Fair Value7,311 ARS
Upside+87.8%
Quality69/100
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Expensive Growth
Highly profitable · 35.1% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 86/100
Evidence: High Range 5,483 ARS – 13,768 ARS Share as image

Fair value as of: Jul 5, 2026

From 26 valuation models · updated 36 days ago

Fair value updated Jul 5, 2026, revised from 14,921 ARS to 7,311 ARS (−51.0%) since Jun 24, 2026. Share price +2.2% over the past month.

A solid business, screening 88% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,483 ARS). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (5,483 ARS to 13,768 ARS) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4,345 ARS 21.50 ARS Fair Value 7,311 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 21.50 ARS – 4,345 ARS · fair‑value band 5,483 ARS – 13,768 ARS · the 3,893 ARS price screens below the 7,311 ARS fair value. Dashed = 300-day average. As of Jul 5, 2026.

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Analysis

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A (TRAN) currently trades at 3,893 ARS, while our model-based Fair Value estimate is 7,311 ARS, implying the stock looks roughly 87.8% undervalued today. The Quality Score stands at 69/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A generated revenue of 620B ARS at a net margin of 35.1%. Revenue grew 35.0% year over year. It earns a return on equity of 25.4%. Net debt stands at 828M ARS. Fundamentals as of Jul 5, 2026

Our scenario range runs from 5,483 ARS (bear case) to 13,768 ARS (bull case); at 3,893 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 12% below its 52-week high and 170% 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 88%, TRAN 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 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
Highest evidence
Growth DCF 4,956 ARS 10,149 ARS 18,869 ARS 80
Residual Income 2,853 ARS 3,434 ARS 10,644 ARS 76
Rev-Margin DCF 3,685 ARS 6,283 ARS 11,737 ARS 74
All 26 models by family
DCF Models
FCF DCF 5,249 ARS 8,360 ARS 18,535 ARS 38
Owner Earnings 4,807 ARS 11,038 ARS 24,704 ARS 31
5Y Revenue Exit 3,363 ARS 5,511 ARS 9,989 ARS 39
5Y EBITDA Exit 5,733 ARS 10,305 ARS 19,283 ARS 41
5Y P/E Exit 6,056 ARS 13,709 ARS 24,205 ARS 38
10Y Revenue Exit 3,850 ARS 7,833 ARS 10,231 ARS 36
10Y EBITDA Exit 5,727 ARS 13,058 ARS 26,002 ARS 37
10Y P/E Exit 5,968 ARS 13,770 ARS 26,760 ARS 35
Earnings-Based
Graham-Dodd 2,973 ARS 20,735 ARS 29,099 ARS 54
Lynch FV 10,712 ARS 15,304 ARS 19,895 ARS 50
PEG = 1.0 10,712 ARS 15,304 ARS 19,895 ARS 46
EPV 5,795 ARS 6,788 ARS 7,671 ARS 59
Dividend Discount
Gordon GGM 3,131 ARS 6,836 ARS 11,501 ARS 70
DDM Multi-Stage 3,131 ARS 5,599 ARS 7,124 ARS 61
Multiples
P/E Multiple 5,903 ARS 7,870 ARS 9,838 ARS 63
P/S Multiple 2,417 ARS 3,222 ARS 4,028 ARS 58
P/B Multiple 2,625 ARS 3,500 ARS 4,374 ARS 55
EV/EBIT 7,202 ARS 9,546 ARS 11,891 ARS 53
EV/EBITDA 5,652 ARS 7,481 ARS 9,309 ARS 54
EV/Revenue 2,423 ARS 3,390 ARS 4,356 ARS 43
Asset-Based
NCAV (Graham) 972.09 ARS 1,303 ARS 1,944 ARS 50
Growth DCF
Growth DCF 4,956 ARS 10,149 ARS 18,869 ARS 80
Rev-Margin DCF 3,685 ARS 6,283 ARS 11,737 ARS 74
Economic Profit
Residual Income 2,853 ARS 3,434 ARS 10,644 ARS 76
ROIC Compounder 7,821 ARS 12,565 ARS 18,714 ARS 72
Growth Earnings
Growth-Adj P/E 13,388 ARS 19,125 ARS 24,863 ARS 68

Widest divergence: Growth Earnings (19,125 ARS) versus Asset-Based (1,303 ARS). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 620B ARS
Revenue growth (YoY) +35.0%
Net margin 35.1%
Return on equity 25.4%
Free cash flow 127B ARS FY2025
P/E ratio 7.9
More key figures
Operating margin 57.6%
EPS (TTM) 489.92 ARS
EPS growth (YoY) +57.5%
Net debt 828M ARS FY2021

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 64

Profitability 69
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 91
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

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. provides high-voltage electricity transmission services in Argentina.

Full company description

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. provides high-voltage electricity transmission services in Argentina. It provides line maintenance, including high-voltage transmission lines, predictive and preventive, and corrective maintenance; operates and maintains Line and transformer substation; and supervises the transmission works. The company also offers engineering and consulting services, such as line and station engineering, preparation of tender documents, special studies, resource optimization for transmission companies, implementation of remote control and monitoring, network operation and maintenance costs analysis, access and expansion requests, energy transport regulation, and study of electricity transmission service tariffs; expansion to the transportation systems; and testing and commissioning services. It operates a network of 12,400 kilometers of transmission lines and 6,228 kilometers of lines. The company was founded in 1993 and is based in Buenos Aires, Argentina. Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. is a subsidiary of Compañía Inversora en Transmisión Eléctrica Citelec S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A reported revenue of 573B ARS in FY2025 versus 17.3B ARS in FY2021, a compound +139.8%/yr. Reported net income was 194B 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)
573B ARS
Latest YoY
+28.1%
Avg. growth/yr (3Y) 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.
+162.9%
Avg. growth/yr (5Y) 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.
+103.8%
Avg. growth/yr (10Y) 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.
+76.6%
Revenue +139.8%/yr
FY21 17.3B ARS
FY22 31.5B ARS
FY23 284B ARS
FY24 447B ARS
FY25 573B ARS
Net income
FY21 −1.3B ARS
FY22 1.7B ARS
FY23 14.3B ARS
FY24 92.4B ARS
FY25 194B ARS

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Cite: Fair Value Calculator (2026). "Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A Fair Value". https://www.fairvalue-calculator.com/stock/TRAN

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 69 · Top 25%
Fair Value upside +88% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 35% · Top 25%
Operating margin (TTM) 58% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

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

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 2.00× · Pricier than median
P/S (TTM) 2.79× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 4.4× · Cheaper 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 100 · sector 32
PAST 100 · sector 39
HEALTH 100 · sector 54
DIVIDEND 0 · sector 56

Insider activity: 45/100

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 Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A (TRAN) overvalued or undervalued?
As of Jul 5, 2026, our model estimates a fair value of 7,311 ARS versus a price of 3,893 ARS, about +88% (undervalued).
What is the fair value of TRAN?
Our model-based fair value for Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A is 7,311 ARS (as of Jul 5, 2026), built from audited fundamentals. The current price is 3,893 ARS.
What is the quality score of TRAN?
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A has a Quality Score of 69/100. 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 Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A (TRAN)?
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A reported trailing-twelve-month revenue of about 620B ARS (latest available figure, as of Jul 5, 2026).
What is the net profit margin of TRAN?
The net profit margin of Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A is about 35.1%, meaning it keeps roughly 35.1% 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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