3 models fit Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) and they partly agree: 2 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Silver60
Valued as a utility: Dividend discount, P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionCentral Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU)
Fair value (3 models)
$30.77
ACCE price target
$13.50
Rating
Undervalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $15.57 since 28 Sept 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $12.10 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison, EV/EBITDA comparison, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
60.7% below
+154.3% to fair value
ACCE score
78
out of 100
Analysts
100% buy
5 covering
P/E
5.3x
forward 0.0x
1-year return
+26.4%
Dividend yield
8.89%
Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) in four questions
Plain answers, details below
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Overview
ACCE thesis
Central Puerto operates Argentina's largest privately owned power generation fleet, selling electricity under long-term contracts and in the spot market, alongside a renewables platform and a gas upstream business in Vaca Muerta. Its scale and the mix of thermal and renewable assets give it a cost position that few local peers can match, and the company has been a consistent cash generator through Argentina's regulatory swings. Revenue growth of 224.7% reflects Argentina's tariff normalization and inflation-driven pricing rather than organic volume, so the top line needs careful reading. The stock trades at a trailing P/E of 5.8 with a 19.0% ROE and a 24.8% operating margin, which says more about the cost of capital and country risk than about the operating business. The question for a deeper look is whether tariff adjustments and the gas expansion keep margins intact as the macro picture stabilizes.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Score down 12 points
ACCE score fell from 86 to 74 over 90 days, with Momentum at 46 and Value at 68 pulling it down. Worth checking what changed in the underlying inputs.
moderate
Revenue growth looks anomalous
Revenue is up 224.7% year on year and 96.3% quarter on quarter, with a 5-year CAGR of 57.8%. Growth this uneven often reflects one-off or accounting effects, so treat the headline rate with caution.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached ARS 115.8B, a strong cash return on the business.
Analysts rating the stock Buy or Strong Buy, 5 of 5, and their mean price target sits well above today's price.
The company beat its latest earnings estimate by a wide margin, with earnings per share of 1.40 against 0.28 expected.
Why it could disappoint
The Argentine peso and tariff regulation pose high-rated risks that could hit earnings and cash flow sharply.
Revenue growth of 224.7% year over year is inflation-distorted, so it overstates the underlying pace of the business.
The price already implies only 5.5% yearly cash flow growth over five years, so the market expects modest gains, and the ACCE price target sits 10.4% above the current price.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where CEPU's valuation models land
Price
$12.10
Model fair value
$30.77
Model range
$26.86 to $36.44
Fair value $30.77
Price $12.10
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
+Quarter-over-quarter institutional position changes
+Every insider and Congress trade, with how late it was disclosed
+Active 13D activist filings and top holders
Compare
Where it sits vs peers
News and Record
Press releases mentioning this company
Recent performance
1 week
-6.4%
1 month
-9.9%
3 months
-18.1%
6 months
-16.4%
YTD
-30.9%
1 year
+26.4%
SEC filings
Recommendation history, last 12 months
Date
Type
New
Previous
Price
24 Oct 2026, 16:06 CEST
Fair value
$30.77
$15.57
$12.10
24 Oct 2026, 16:06 CEST
Rating
Undervalued
first publication
$12.10
11 Oct 2026, 00:00 CEST
ACCE price target
$13.50
first publication
$12.64
28 Sept 2026, 00:00 CEST
Fair value
$15.57
$20.07
$13.18
25 Sept 2026, 00:00 CEST
Fair value
$20.07
$16.51
$13.43
13 Aug 2026, 00:00 CEST
Fair value
$16.51
$16.73
$13.39
8 Jul 2026, 00:00 CEST
Fair value
$16.73
$16.95
$14.90
1 Jul 2026, 00:00 CEST
Fair value
$16.95
first publication
$15.13
Price
-8.1% · 1Y
Ask anything about CEPU
Answered from Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) fundamentals + recent valuations. Every number shows its source and date.
This stock Peer Peer median weaker → stronger
P/Ebetter than 83% of peers
low 4.3x5.3xhigh 23.4x
ROEbetter than 80% of peers
low 4%19%high 24%
Div yieldbetter than 83% of peers
low 0.0%8.9%high 23.6%
Peers
Prices Oct 23, 2026
Company
Price
Fair value
vs fair value
P/E
ROE
Quality
Score
CEPUCentral Puerto S.A. American Depositary Shares (each represents ten Common Shares)