Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

EDN Utilities Utilities Regulated Electric

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 6.46% from fiscal 2024. In the quarter to June 2026, revenue grew 14.7%, EPS fell 72.9%, free cash flow grew 105.3% and total debt rose 142.0%, each against the same quarter a year earlier.

20.41 0.31 −1.50%
Market cap
$458.5M
P/E
5.0×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
0.96
Beneish M
−1.30
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 49.51%

Capital & Financial Ratios $m

Market Cap 458.53
Revenue 2,493.02
Net Income 183.48
Free Cash Flow (99.54)
Net Debt 299.57
Current Ratio 1.46
Debt/Equity 0.62
P/E ratio 5.04
Fwd P/E —
P/S ratio 0.36
P/B ratio 0.46
Past 5Y EPS Growth —
This Y EPS Growth (87.68%) (below 0%: weak)
Next Y EPS Growth 1,036.00% (at or above 15%: strong)
Next Y revenue growth —
Next 5Y EPS Growth 0.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 42.08%
10-year low 10-year high
P/S against its own 10 years 47.14%
10-year low 10-year high
P/B against its own 10 years 36.69%
10-year low 10-year high
EV/Sales against its own 10 years 50.79%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 349 437 637 889
Receivables 382 461 425 426
Inventory 151 165 187 186
Other — — — —
882 1,063 1,248 1,501
2023 2024 2025 Q'26
Payables 916 835 422 489
ST’ Debt 193 124 384 252
Other 13 10 21 17
1,352 1,199 1,166 1,031

Compound Annual Growth %

10y 5y 3y
Sales 19.19% 13.03% 14.72%
Cash Flow (7.90%) (9.00%) (17.42%)
Earnings 4.41% 0.00% 0.00%
Book Value 26.77% 14.77% 22.49%

Revenue $m

Mar Jun Sep Dec Year
’26 593 643 — — —
’25 575 561 593 665 2,393
’24 331 480 611 824 2,247
’23 363 395 457 1,449 2,664
’22 286 312 351 636 1,585
’21 238 253 126 576 1,192
’20 335 266 316 380 1,297
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 43 67 — — —
’25 67 30 12 45 154
’24 34 46 66 125 271
’23 8 54 80 129 272
’22 50 76 41 106 273
’21 46 70 62 46 224
’20 34 74 128 11 246
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 9 2 — — —
’25 10 (41) (60) (50) (141)
’24 (18) (42) (51) (15) (125)
’23 (38) (12) (4) (130) (184)
’22 28 32 (11) (21) 28
’21 25 32 20 (8) 70
’20 17 39 91 (41) 106
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.90 0.50 — — —
’25 0.78 1.85 0.70 0.95 4.47
’24 1.39 1.22 2.78 1.38 6.83
’23 (1.19) (0.48) 5.68 0.12 4.22
’22 (0.60) (1.27) (1.03) (0.17) (3.07)
’21 (0.17) (2.67) (0.15) (1.82) (5.13)
’20 0.27 (0.85) 0.03 (4.54) (5.73)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 13.25 27.55 19.05 4.16 2.54 3.27 3.88 6.52 13.78 14.38

Analyst estimates 2026–2028

Powerpack
High 28.39 52.25 63.29 30.03 6.44 7.90 8.08 21.80 51.69 48.44
People
People Employees 4,692 4,789 4,922 4,777 5,977 5,877 5,756 6,647 4,642 4,576
Revenue/emp, $m 0.19 0.31 0.40 0.39 0.22 0.20 0.28 0.40 0.48 0.52
Income, $m
Income, $m Revenue 885 1,470 1,986 1,862 1,297 1,192 1,585 2,664 2,247 2,393
Gross margin, % 6.67 27.47 23.53 18.63 14.81 12.85 3.74 3.95 19.31 22.76
EBT (131) 68 219 472 (302) (60) (20) 692 213 233
EBT margin, % (14.77) 4.62 11.04 25.36 (23.28) (5.03) (1.28) 25.98 9.46 9.74
Net income (80) 41 153 251 (251) (224) (135) 184 299 191
Depreciation 24 26 91 99 97 100 148 325 182 169
Per share, $
Per share, $ Revenue 19.74 32.73 44.61 42.47 29.64 27.24 36.23 60.90 51.37 54.69
Earnings (1.80) 0.92 3.43 4.67 (5.73) (5.13) (3.07) 4.22 6.83 4.47
Cash flow 4.42 4.42 7.67 4.80 5.63 5.12 6.24 6.21 6.18 3.51
Capex (3.74) (4.88) (6.59) (4.42) (3.20) (3.53) (5.58) (10.40) (9.05) (6.74)
Free cash flow 0.69 (0.47) 1.08 0.37 2.43 1.59 0.65 (4.20) (2.87) (3.23)
Book value 0.55 1.43 24.69 27.93 20.41 17.69 22.12 38.11 37.89 40.65
Shares, m 45 45 45 44 44 44 44 44 44 44
Valuation, ×
Valuation, × P/E 0.00 53.42 7.96 1.11 0.00 0.00 0.00 4.73 6.34 7.00
P/S 1.45 1.53 0.61 0.15 0.14 0.19 0.24 0.32 0.84 0.55
P/B 52.42 35.08 1.10 0.22 0.21 0.30 0.39 0.51 1.13 0.74
EV/Sales 1.65 1.70 0.73 0.22 0.19 0.34 0.16 0.33 0.87 0.68
EV/FCF 47.14 (118.63) 30.31 25.26 2.27 5.80 9.08 (4.73) (15.58) (11.49)
Cash, $m
Cash, $m Operating cash flow 198 198 342 210 246 224 273 272 271 154
Capex (168) (219) (294) (194) (140) (155) (244) (455) (396) (295)
Free cash flow 31 (21) 48 16 106 70 28 (184) (125) (141)
Balance, $m
Balance, $m Working capital (199) (198) (258) (139) (268) (583) (888) (469) (136) 82
Total debt 191 257 294 204 119 108 113 361 514 947
Net debt 174 252 250 138 56 72 (120) 12 77 310
Shareholders’ equity 24 64 1,099 1,224 893 774 968 1,667 1,658 1,778
Returns, %
Returns, % ROA (5.97) 2.93 7.16 9.65 (10.96) (9.72) (4.34) 3.90 5.92 4.26
ROIC (14.02) 29.81 6.48 3.42 (18.62) (3.41) (17.75) (16.94) 1.67 3.43
ROE (84.52) 93.04 26.22 21.62 (23.74) (26.89) (15.45) 13.95 18.00 11.14
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NWE NorthWestern Corporation $4.5B 26.9× 19.2× +14.56% (above 0%: growing) +17.14% (above 0%: growing) −62.61% (below 0%: shrinking) 77.12% 16.36% Compare
CIG Comp En De Mn Cemig ADS $4.4B 5.6× 9.8× +15.97% (above 0%: growing) 0.00% +411.73% (above 0%: growing) 17.50% 15.58% Compare
MGEE MGE Energy Inc. $2.7B 17.8× 19.4× +1.09% (above 0%: growing) +21.92% (above 0%: growing) −419.80% (below 0%: shrinking) 82.63% 20.25% Compare
CEPU Central Puerto S.A. Sponsored ADR $2.0B 4.8× — +148.79% (above 0%: growing) +27.30% (above 0%: growing) 0.00% 28.98% 25.61% Compare
HE Hawaiian Electric Industries, Inc. $1.5B 6.6× 12.8× +25.90% (above 0%: growing) +373.33% (above 0%: growing) −1,019.72% (below 0%: shrinking) 23.56% 21.73% Compare
EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $458.5M 5.0× — +14.68% (above 0%: growing) −72.92% (below 0%: shrinking) +105.29% (above 0%: growing) 19.78% 5.14%
GNE Genie Energy Ltd. $439.5M 17.1× 21.8× −4.61% (below 0%: shrinking) +300.00% (above 0%: growing) −306.94% (below 0%: shrinking) 33.54% 6.50% Compare
IMSR Terrestrial Energy Inc. $341.1M — (loss-making) — — n/m −29.74% (below 0%: shrinking) — 0.00% Compare
NKLR Terra Innovatum Global N.V. $285.1M 0.3× — — n/m −324.23% (below 0%: shrinking) — 0.00% Compare
Median of peers $1.7B 6.6× 19.2× +15.27% +24.61% −184.77% 31.26% 15.97%

All 40 Utilities Regulated Electric stocks →

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) key facts

  • Strength: Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 6.46% from fiscal 2024.
  • Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) is an Utilities Regulated Electric company in the Utilities sector, traded in the US as an ADR.
  • As of October 16, 2026, EDN traded at $20.41, a market capitalization of $458.5 million.
  • Return on equity was 11.1% and debt-to-equity 0.62.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.96 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Latest News

10 Mar

Impact 4 ·
stockrow.com/EDN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com