Metrogas is Argentina's largest regulated natural gas distributor, running the pipe network that delivers gas to homes, businesses and power plants in and around Buenos Aires, and its earnings sit on a tariff framework set by the national regulator, ENARGAS. That regulated base is the core of the case: a monopoly network with a cost-plus return should compound more predictably than most Argentine equities. Revenue grew 10.7% and the business earns a 21.9% operating margin and a 13.4% ROE, which together justify a 9.2 trailing P/E at a 1.33 trillion ARS market cap. The thesis rests on whether tariff normalisation keeps pace with inflation and the peso, so the next step is to check recent rate resolutions and the regulator's cost pass-through before going further. The name is not in any index we track, so liquidity and sizing need separate review.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 20 Oct 2026, 02:20 CEST | ACCE price target | ARS 2549 | first publication | ARS 2345 |
Answered from Metrogas SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| METR.BA Metrogas SA | ARS 2429.00 | - | - | 9.2x | 13.4% | 72 | 79 |
| SPB.TO Superior Plus Corp. | C$6.83 | C$12 | 44% below | - | 1.3% | 32 | 38 |
| SPH Suburban Propane Partners L.P. Common Stock | $17.73 | $24 | 27% below | 9.2x | 19.2% | 50 | 49 |
| CTRI Centuri Holdings Inc. Common Stock | $19.34 | $15 | 28% above | 60.4x | 4.0% | 25 | 41 |
| NWN Northwest Natural Holding Company Common Stock | $49.87 | - | - | 16.6x | 8.3% | 53 | 52 |
| GBAN.BA Naturgy BAN SA | ARS 1640.00 | - | - | 4.7x | 42.6% | 76 | 55 |
| PROMIGAS.CL Promigas | COP 6200.00 | - | - | 7.5x | 16.1% | 61 | 43 |
Where METR.BA ranks against its sector peers on each metric.