(PAM) Pampa Energia - Ratings and Ratios

Exchange: NYSE • Country: Argentina • Currency: USD • Type: Common Stock • ISIN: US6976602077

Electricity, Oil, Gas, Petrochemicals, Transmission

Electric Utilities
Market Cap in USD: 4,656m

IPO / Inception: 2009-10-09
12m vs SPY: -24.0%

EPS (Earnings per Share)

EPS CAGR: -11.59%
EPS Trend: -32.0%

Last SUE: -0.82
Qual. Beats: 0

Revenue

Rev. CAGR: 10.91%
Rev. Trend: 9.2%

Last SUE: -1.15
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	42.0%
Value at Risk 5%th	64.4%
Relative Tail Risk	-6.85%

Reward TTM
Sharpe Ratio	0.07
Alpha	-38.35
CAGR/Max DD	0.89

Character TTM
Hurst Exponent	0.530
Beta	1.241
Beta Downside	1.256

Drawdowns 3y
Max DD	40.40%
Mean DD	11.44%
Median DD	8.87%

Description: PAM Pampa Energia January 10, 2026

Pampa Energía S.A. (NYSE:PAM) is Argentina’s largest integrated power and energy group, operating across four segments: Oil & Gas, Power Generation, Petrochemicals, and a Holding/Transportation unit. Its generation portfolio-thermal, hydro, and wind-totals 5,472 MW, while it also runs a 22,396 km high-voltage transmission grid and a 9,248 km natural-gas pipeline network. The firm explores for oil and gas in Neuquén and Río Negro and produces petrochemicals such as styrene, synthetic rubber, and polystyrene. Founded in 1945 (formerly Pampa Holding), the company is headquartered in Buenos Aires.

Key recent metrics: 2023 EBITDA reached roughly $1.2 bn, driven by a 12 % rise in electricity sales volume despite Argentine inflation pressures; the generation mix is now ~55 % thermal, 30 % hydro, and 15 % wind, reflecting a strategic shift toward renewables. A primary economic driver is Argentina’s regulated electricity tariff framework, which ties revenue growth to periodic tariff adjustments approved by the national regulator, while exchange-rate volatility remains a material risk to earnings.

For a deeper quantitative assessment, the ValueRay platform provides a granular view of PAM’s valuation metrics and scenario analyses.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (373.5m TTM) > 0 and > 6% of Revenue (6% = 122.0m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA 257.6pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 60.44% (prev 0.72%; Δ 59.72pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 654.7m > Net Income 373.5m (YES >=105%, WARN >=100%)

Net Debt (1.39b) to EBITDA (1.18b) ratio: 1.18 <= 3.0 (WARN <= 3.5)

Current Ratio 2.68 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (54.4m) change vs 12m ago -0.03% (target <= -2.0% for YES)

Gross Margin 31.39% (prev 34.88%; Δ -3.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 33.44% (prev 2854 %; Δ -2820 pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.90 (EBITDA TTM 1.18b / Interest Expense TTM 156.9m) >= 6 (WARN >= 3)

Altman Z'' 3.52

(A) 0.20 = (Total Current Assets 1.96b - Total Current Liabilities 732.8m) / Total Assets 6.27b

(B) 0.03 = Retained Earnings (Balance) 182.6m / Total Assets 6.27b

(D) 1.23 = Book Value of Equity 3.45b / Total Liabilities 2.81b

Total Rating: 3.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.80

1. Piotroski 5.0pt

2. FCF Yield -3.10%

3. FCF Margin -8.49%

4. Debt/Equity 0.52

5. Debt/Ebitda 1.18

6. ROIC - WACC (= 3.73)%

7. RoE 10.91%

8. Rev. Trend 9.17%

9. EPS Trend -32.04%

What is the price of PAM shares?

As of January 14, 2026, the stock is trading at USD 82.19 with a total of 201,046 shares traded.
Over the past week, the price has changed by -2.40%, over one month by -8.08%, over three months by +21.08% and over the past year by -8.25%.

Is PAM a buy, sell or hold?

Pampa Energia has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy PAM.

Strong Buy: 3
Buy: 1
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PAM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	107.1	30.3%
Analysts Target Price	107.1	30.3%
ValueRay Target Price	105	27.7%

PAM Fundamental Data Overview January 09, 2026

P/E Trailing = 14.3175
P/E Forward = 8.8968
P/S = 2.4173
P/B = 1.3514
P/EG = 0.84
Beta = 0.086
Revenue TTM = 2.03b USD
EBIT TTM = 769.0m USD
EBITDA TTM = 1.18b USD
Long Term Debt = 1.47b USD (from longTermDebt, last quarter)
Short Term Debt = 306.8m USD (from shortTermDebt, last quarter)
Debt = 1.81b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.39b USD (from netDebt column, last quarter)
Enterprise Value = 5.58b USD (4.66b + Debt 1.81b - CCE 886.0m)
Interest Coverage Ratio = 4.90 (Ebit TTM 769.0m / Interest Expense TTM 156.9m)
EV/FCF = -32.28x (Enterprise Value 5.58b / FCF TTM -172.7m)
FCF Yield = -3.10% (FCF TTM -172.7m / Enterprise Value 5.58b)
FCF Margin = -8.49% (FCF TTM -172.7m / Revenue TTM 2.03b)
Net Margin = 18.36% (Net Income TTM 373.5m / Revenue TTM 2.03b)
Gross Margin = 31.39% ((Revenue TTM 2.03b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 41.05% (prev 30.04%)
Tobins Q-Ratio = 0.89 (Enterprise Value 5.58b / Total Assets 6.27b)
Interest Expense / Debt = 1.80% (Interest Expense 32.6m / Debt 1.81b)
Taxrate = 21.0% (US default 21%)
NOPAT = 607.5m (EBIT 769.0m * (1 - 21.00%))
Current Ratio = 2.68 (Total Current Assets 1.96b / Total Current Liabilities 732.8m)
Debt / Equity = 0.52 (Debt 1.81b / totalStockholderEquity, last quarter 3.45b)
Debt / EBITDA = 1.18 (Net Debt 1.39b / EBITDA 1.18b)
Debt / FCF = -8.06 (negative FCF - burning cash) (Net Debt 1.39b / FCF TTM -172.7m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.14% (Net Income 373.5m / Total Assets 6.27b)
RoE = 10.91% (Net Income TTM 373.5m / Total Stockholder Equity 3.42b)
RoCE = 15.70% (EBIT 769.0m / Capital Employed (Equity 3.42b + L.T.Debt 1.47b))
RoIC = 11.69% (NOPAT 607.5m / Invested Capital 5.20b)
WACC = 7.96% (E(4.66b)/V(6.46b) * Re(10.49%) + D(1.81b)/V(6.46b) * Rd(1.80%) * (1-Tc(0.21)))
Discount Rate = 10.49% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -80.00%
Fair Price DCF = unknown (Cash Flow -172.7m)
EPS Correlation: -32.04 | EPS CAGR: -11.59% | SUE: -0.82 | # QB: 0
Revenue Correlation: 9.17 | Revenue CAGR: 10.91% | SUE: -1.15 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.16 | Chg30d=-0.080 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=9.76 | Chg30d=-0.802 | Revisions Net=+0 | Growth EPS=+67.5% | Growth Revenue=+22.5%

Additional Sources for PAM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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