(PAM) Pampa Energia - Overview
Stock: Electricity, Oil, Gas, Petrochemicals, Transmission
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 39.5% |
| Relative Tail Risk | -6.97% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.14 |
| Alpha | -18.36 |
| Character TTM | |
|---|---|
| Beta | 1.251 |
| Beta Downside | 1.191 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.40% |
| CAGR/Max DD | 0.91 |
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) 6.0
| Net Income: 373.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 257.6 > 1.0 |
| NWC/Revenue: 60.44% < 20% (prev 0.72%; Δ 59.72% < -1%) |
| CFO/TA 0.10 > 3% & CFO 654.7m > Net Income 373.5m |
| Net Debt (1.39b) to EBITDA (1.18b): 1.18 < 3 |
| Current Ratio: 2.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.4m) vs 12m ago -0.03% < -2% |
| Gross Margin: 31.39% > 18% (prev 0.35%; Δ 3104 % > 0.5%) |
| Asset Turnover: 33.44% > 50% (prev 2854 %; Δ -2820 % > 0%) |
| Interest Coverage Ratio: 4.90 > 6 (EBITDA TTM 1.18b / Interest Expense TTM 156.9m) |
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 182.6m / Total Assets 6.27b) |
| C: 0.13 (EBIT TTM 769.0m / Avg Total Assets 6.08b) |
| D: 1.23 (Book Value of Equity 3.45b / Total Liabilities 2.81b) |
| Altman-Z'' Score: 3.52 = A |
Beneish M 1.00
| DSRI: 96.34 (Receivables 604.0m/518.4m, Revenue 2.03b/168.20b) |
| GMI: 1.11 (GM 31.39% / 34.88%) |
| AQI: 0.92 (AQ_t 0.19 / AQ_t-1 0.21) |
| SGI: 0.01 (Revenue 2.03b / 168.20b) |
| TATA: -0.04 (NI 373.5m - CFO 654.7m) / TA 6.27b) |
| Beneish M-Score: 74.73 (Cap -4..+1) = D |
What is the price of PAM shares?
Over the past week, the price has changed by -2.58%, over one month by -0.08%, over three months by -4.66% and over the past year by +3.09%.
Is PAM a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PAM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 108.9 | 31% |
| Analysts Target Price | 108.9 | 31% |
| ValueRay Target Price | 103.2 | 24.1% |
PAM Fundamental Data Overview February 05, 2026
P/E Forward = 8.8968
P/S = 2.5007
P/B = 1.3835
P/EG = 0.84
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 = -371.09b USD (4.82b + Debt 1.81b - CCE 377.72b)
Interest Coverage Ratio = 4.90 (Ebit TTM 769.0m / Interest Expense TTM 156.9m)
EV/FCF = 1000.0x (Enterprise Value -371.09b / FCF TTM -172.7m)
FCF Yield = 0.05% (FCF TTM -172.7m / Enterprise Value -371.09b)
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 = -59.17 (set to none) (Enterprise Value -371.09b / 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 = 8.05% (E(4.82b)/V(6.62b) * Re(10.53%) + D(1.81b)/V(6.62b) * Rd(1.80%) * (1-Tc(0.21)))
Discount Rate = 10.53% (= 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: -0.80 | # 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=-0.661 | Revisions Net=+0 | Growth EPS=+67.5% | Growth Revenue=+23.6%