CEPUNYSEElectric ServicesFiscal year ends December 31
CENTRAL PUERTO S.A.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 22, 2026
$12.54−0.39 (-3.02%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
39.5%−7.8 pts over 5 years
Operating margin
26.7%−51.3 pts over 5 years
Net margin
6.7%−17.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.1% | +28.7% | +58.5% | – | |
| Gross profit | +29.5% | +20.4% | +52.9% | – | |
| Operating income | -73.2% | +8.1% | +27.9% | – | |
| Net income | -84.6% | – | +22.3% | – | |
| EPS, diluted | -84.6% | – | +32.9% | – | |
| Free cash flow | -54.1% | -2.6% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 28.0% | 2.7% | |
| Return on assets | – | 14.5% | 1.7% | |
| Current ratio | – | 1.47 | 1.48 | |
| Debt to equity | – | 0.00 | – | |
| Interest coverage | 11.3× | -1.8× | 1.1× | |
| Inventory turnover | – | 63.1× | 21.6× | |
| Capex to revenue | 25.0% | 48.7% | 19.3% | |
| Diluted shares | 1.51B | 1.51B | 1.50B |
Where the cash went
Fiscal 2020 to 2024, five years combined
Central Puerto generated 1.12T ARS from operations and spent 344.03B ARS on capital expenditure, dividends and share buybacks. 74% of that went back into the business.
Generated
1.12T ARS
Used
344.03B ARS
Capital expenditure254.42B ARS74%Dividends89.60B ARS26%Share buybacks0 ARS0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.7%
×Asset turnover0.26×
×Equity multiplier1.58×
=Return on equity, FY20242.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 6.7% | 0.26× | 1.58× | 2.7% |
| FY2023 | 47.2% | 0.32× | 1.61× | 24.5% |
| FY2022 | 18.8% | 0.87× | 1.49× | 24.4% |
| FY2021 | -1.3% | 1.10× | 1.69× | -2.4% |
| FY2020 | 18.1% | 0.56× | 1.94× | 19.6% |
| FY2019 | 24.5% | 0.59× | 1.93× | 28.0% |
| FY2018 | 122.8% | 0.49× | 1.84× | 110.4% |
| FY2017 | 54.9% | 0.63× | 2.17× | 75.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
5of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero49.60B ARS
- Cash generatingOperating cash flow above zero258.22B ARS
- Return on assets improvedROA up on the prior year27.1% → 1.6%
- Earnings backed by cashOperating cash flow above net income258.22B ARS vs 49.60B ARS
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.98 → 1.48
- No dilutionShare count did not rise1.50B → 1.50B
- Gross margin improvedGross margin up on the prior year32.98% → 39.51%
- More efficientAsset turnover rose0.57 → 0.24