Edenor SA (EDN) AI Stock Analysis

• Market Cap: $1.32B
• Dividend Yield: N/A
• Average Volume (3M): 230.89K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.78
• Revenue Growth: 2.98%
• EPS Growth: N/A
• Country: US
• Employees: 4,642
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 0.70
• Shares Outstanding: 22,128,317
• 10 Day Avg. Volume: 287,991
• 30 Day Avg. Volume: 230,886
• PEG Ratio: 0.12
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.95
• P/FCF Ratio: -16.97
• Enterprise Value/Market Cap: 1.92K
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 4.62
• Enterprise Value/Ebitda: 4.24
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $34.00 ▲(19.76% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Edenor SA's stock is rated positively due to strong financial performance, particularly in revenue and profit growth, and a stable balance sheet. The technical analysis supports a bullish outlook, with the stock trading above key moving averages. The valuation is attractive with a low P/E ratio. However, cash flow challenges need to be addressed to ensure sustainable growth.

Positive Factors

Conservative Leverage & Strong ROE

Low leverage with debt/equity ~0.29 provides financial resilience in a capital-intensive utility, lowering refinancing risk. Coupled with an ROE of 18.33%, this indicates the company effectively converts regulatory returns into shareholder value, supporting durable capacity to invest and withstand shocks.

Healthy Margins and Revenue Momentum

Near-double-digit revenue growth and double-digit net margins reflect structural improvements in tariff realization and operational efficiency. Sustained margins across EBIT/EBITDA suggest the business model generates stable cash profits, underpinning long-term serviceability and reinvestment capacity.

Tariff Reset & Debt Regularization

A multi-year tariff review that materially raised nominal allowed revenues, plus resolution of legacy CAMMESA debt, structurally improves regulatory cash flows and credit metrics. That strengthens funding capacity for capex, reduces rollover risk, and supports sustainable network investments.

Negative Factors

Severe Free Cash Flow Decline

A very large negative FCF swing undermines internal funding for capex and working capital despite healthy accounting profits. Persistent FCF weakness raises dependence on external financing or tariffs to fund investments, increasing liquidity and execution risk over the medium term.

Regulatory and Subsidy Dependence

Revenue and returns hinge on government-set tariffs and subsidies. While regulation grants stable allowed returns, it also exposes the company to political timing and policy shifts; subsidy uncertainty can quickly alter cash flows and investment economics in Argentina's volatile regulatory backdrop.

Low Volume Growth & Seasonal Losses

Near-flat volumetric growth and increased technical/seasonal losses limit the ability to expand revenue without tariff hikes. Persistent low demand growth plus loss reduction needs force higher capex per unit sold, weighing on long-run network efficiency and pressuring cash conversion ratios.

Edenor SA Business Overview & Revenue Model

Company Description

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

How the Company Makes Money

Edenor generates revenue primarily through the sale of electricity to its customers. The company operates under a regulated tariff structure, where prices for electricity distribution are set by the government, allowing it to earn a stable income based on customer consumption. Key revenue streams include residential, commercial, and industrial electricity sales, as well as connections and service fees. Additionally, Edenor benefits from government subsidies and financial incentives aimed at improving infrastructure and expanding access to electricity. The company may also engage in partnerships with local and international firms for technological upgrades and renewable energy projects, contributing to its earnings and efficiency improvements.

Edenor SA Financial Statement Overview

Summary

Edenor SA shows strong revenue and profit growth, with a healthy balance sheet characterized by low leverage and strong equity returns. However, cash flow management is a concern due to negative free cash flow growth, indicating potential liquidity challenges.

Income Statement

Edenor SA shows a strong revenue growth rate of 9.93% in the TTM period, indicating a positive trajectory. The gross profit margin is healthy at 18.45%, and the net profit margin is solid at 11.36%. However, the EBIT margin of 23.88% and EBITDA margin of 27.92% suggest strong operational efficiency. The company has improved from previous years, showing a turnaround from negative EBIT and EBITDA margins in earlier periods.

Balance Sheet

The debt-to-equity ratio of 0.29 in the TTM period indicates a conservative leverage position, which is favorable for stability. Return on equity is robust at 18.33%, reflecting effective use of equity to generate profits. The equity ratio stands at 40.00%, suggesting a strong equity base relative to total assets. Overall, the balance sheet reflects a stable financial position with manageable debt levels.

Cash Flow

The operating cash flow to net income ratio of 0.25 indicates moderate cash generation relative to net income. However, the free cash flow growth rate is significantly negative at -546.63%, which is concerning. The free cash flow to net income ratio of 0.39 suggests some cash flow challenges, although it has improved from previous periods. The company needs to focus on improving its free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.63T	2.04T	701.10B	1.40T	688.50B	268.39B
Gross Profit	549.44B	394.60B	27.73B	50.82B	88.49B	39.74B
EBITDA	598.45B	199.76B	586.64B	706.74B	187.58B	-15.21B
Net Income	206.54B	272.13B	48.37B	-44.01B	-129.47B	-52.02B
Balance Sheet
Total Assets	5.07T	3.98T	3.29T	3.26T	463.27B	224.51B
Cash, Cash Equivalents and Short-Term Investments	484.81B	397.47B	199.81B	205.69B	36.75B	10.05B
Total Debt	811.60B	476.36B	213.23B	101.38B	20.66B	12.99B
Total Liabilities	3.06T	2.47T	2.05T	2.21T	319.72B	129.61B
Stockholders Equity	2.02T	1.51T	1.23T	1.04T	143.55B	94.90B
Cash Flow
Free Cash Flow	185.66B	-114.05B	-48.31B	3.70B	6.62B	7.55B
Operating Cash Flow	249.57B	245.92B	71.47B	35.43B	21.35B	17.40B
Investing Cash Flow	-468.94B	-567.25B	-79.06B	-37.36B	-25.54B	-7.22B
Financing Cash Flow	259.51B	265.18B	7.34B	-4.76B	-1.44B	-6.15B

Edenor SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 28.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EDN, the sentiment is Negative. The current price of 28.39 is below the 20-day moving average (MA) of 28.92, below the 50-day MA of 29.43, and above the 200-day MA of 27.35, indicating a neutral trend. The MACD of -0.57 indicates Positive momentum. The RSI at 45.66 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EDN.

Edenor SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CEPU	76 Outperform	$2.59B	10.24	13.09%	2.00%	-4.16%	-40.47%
EDN	73 Outperform	$1.32B	6.65	13.91%	―	2.98%	―
POR	69 Neutral	$6.18B	19.42	7.72%	4.38%	7.53%	-17.59%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ENIC	56 Neutral	$5.99B	84.58	1.30%	5.63%	-25.78%	-91.93%
GNE	54 Neutral	$378.34M	72.40	3.60%	2.16%	13.12%	29.97%

Edenor SA Corporate Events

Edenor Calls Remote Ordinary General Shareholders’ Meeting for March 5, 2026

On January 30, 2026, Edenor’s board of directors resolved to convene an Ordinary General Shareholders’ Meeting, to be held remotely via Microsoft Teams from the company’s Buenos Aires headquarters on March 5, 2026, with a first call at 10:00 a.m. and a second call at 11:00 a.m. This upcoming meeting is a routine but important governance event for the Argentine power distributor, giving shareholders a formal forum to review the company’s situation and decisions, and signaling continued adherence to local market regulations and remote-meeting practices that have become standard for listed companies in Argentina.

The most recent analyst rating on (EDN) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.

Edenor SA Releases Q3 2025 Financial Results

Edenor SA has released its condensed interim consolidated financial statements for the nine and three-month periods ending on September 30, 2025. These statements, presented in millions of constant pesos, provide a comparative analysis with the previous year. This financial disclosure is crucial for stakeholders as it offers insights into the company’s current financial health and operational performance, impacting its market positioning and investor confidence.

The most recent analyst rating on (EDN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.

Edenor SA Reports Strong Financial Results for Q3 2025

On November 6, 2025, Edenor SA’s Board of Directors approved the company’s financial statements for the period ending September 30, 2025. The company reported a profit of 179,461 million ARS, with total equity amounting to 2,017,570 million ARS. This financial performance reflects Edenor’s stable position in the energy distribution market, with significant equity and retained earnings, indicating a solid foundation for future operations.

The most recent analyst rating on (EDN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.

Edenor Reports Strong Financial Performance with Increased Investments

On November 6, 2025, Edenor SA announced its financial results for the period ending September 30, 2025, reporting a profit of ARS 179,461 million. The company experienced a 14% increase in revenue and an 8% rise in distribution margin compared to the previous year, attributed to electricity rate adjustments. Edenor’s EBITDA reached ARS 439,928 million, reflecting operational improvements and cost optimization, while investments totaled ARS 283,079 million, underscoring its dedication to service enhancement. Despite a slight increase in energy losses due to seasonality, electricity sales rose by 0.1%, and customer numbers grew by 1.6%.

The most recent analyst rating on (EDN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.

Edenor SA Approves Interim Financial Statements for September 2025

On November 6, 2025, Edenor SA’s Board of Directors convened remotely to approve the interim financial statements for the nine-month period ending September 30, 2025. The meeting, conducted via Microsoft Teams, confirmed the financial health of the company and authorized the Chairman to sign the statements. This approval signifies Edenor’s continued compliance with regulatory requirements and its commitment to transparency in financial reporting, which is crucial for maintaining stakeholder trust and industry credibility.

The most recent analyst rating on (EDN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.

Edenor SA Reports Strong Third Quarter 2025 Financial Results

Edenor SA announced its financial results for the third quarter of 2025, highlighting a significant improvement in EBITDA, which reached ARS 133.3 billion, up from ARS 60.2 billion in the same period last year. This increase was largely driven by tariff adjustments and operational efficiencies. The company also completed a five-year tariff review, resulting in a 319.2% nominal increase since February 2024, and successfully regularized its debt with CAMMESA, positively impacting its financial standing. Despite a slight decrease in energy sales volume, Edenor’s investments and operational improvements have strengthened its market position, as evidenced by an upgrade in its credit rating.

The most recent analyst rating on (EDN) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Edenor SA stock, see the EDN Stock Forecast page.