Central Puerto S.A. Sponsored ADR
CEPU Utilities Utilities Regulated Electric
Central Puerto S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $877.9 million, up 8.12% from fiscal 2024. In the quarter to June 2026, revenue grew 148.8%, EPS grew 27.3%, free cash flow was flat and total debt rose 82.5%, each against the same quarter a year earlier.
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Central Puerto S.A. Sponsored ADR (CEPU) Altman Z-score
Central Puerto S.A. Sponsored ADR's Altman Z-score for fiscal 2025 is 2.73, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.73 | 0.62 |
| FY2024 | 2.12 | 0.43 |
| FY2023 | 1.69 | 0.04 |
| FY2022 | 1.64 | 0.40 |
| FY2021 | 1.24 | 0.08 |
| FY2020 | 1.16 | (0.47) |
| FY2019 | 1.64 | (1.74) |
| FY2018 | 3.38 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.10 | |
| Retained earnings / total assets | 0.09 | — | 0.13 | |
| EBIT / total assets | 0.10 | — | 0.33 | |
| Market value of equity / total liabilities | 3.12 | — | 1.87 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Grey zone | 2.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.14 | ||
Z and Z″ put Central Puerto S.A. Sponsored ADR in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CEPU Central Puerto S.A. Sponsored ADR | 2.7× |
| CIG Comp En De Mn Cemig ADS compare | 1.8× |
| MGEE MGE Energy Inc. compare | 1.7× |
| ENIC Enel Chile S.A. compare | 1.4× |
| IDA IDACORP, Inc. compare | 1.2× |
| POR Portland General Electric Company compare | 1.0× |
| NWE NorthWestern Corporation compare | 0.9× |
| TXNM TXNM Energy, Inc. compare | 0.8× |
| HE Hawaiian Electric Industries, Inc. compare | 0.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets