PAM Stock Analysis: Pampa Energia | NYSE
Conglomerates | NYSE, USA | Market Cap: 3.407m USD | 12M Return: -25% | US6976602077 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.7M
EPS Trend: 81.9%
Qual. Beats: 0
Rev. Trend: -79.9%
Qual. Beats: -2
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Pampa Energía S.A. is an integrated power company headquartered in Buenos Aires, Argentina, operating across electricity generation, oil and gas, petrochemicals, and transmission. The company generates power through thermal, hydroelectric, and wind facilities with a combined installed capacity of 5,472 MW, and operates a 22,445 km high-voltage transmission network. Its vertically integrated model also spans upstream oil and gas exploration in the Neuquén and Río Negro basins, natural gas transportation via 9,248 km of pipelines, and petrochemical production of styrene, synthetic rubber, and polystyrene.
As a domestically oriented utility, Pampas operations sit within an Argentine energy market shaped by regulated tariffs, peso-denominated revenues, and periodic government price controls, which makes currency and regulatory dynamics key swing factors for the business. The company was incorporated in 1945, rebranded from Pampa Holding S.A. in September 2008, and has traded on the NYSE under the ticker PAM since its 2009 listing.
- Argentine peso devaluation pressures dollar-denominated debt and margins
- Electricity demand recovery boosts generation segment capacity utilization
- Vaca Muerta shale development expands oil and gas production volumes
| Net Income: 676.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA -8.10 > 1.0 |
| NWC/Revenue: 58.68% < 20% (prev 60.67%; Δ -1.99% < -1%) |
| CFO/TA 0.05 > 3% & CFO 407.6m > Net Income 676.0m |
| Net Debt (1.77b) to EBITDA (1.18b): 1.50 < 3 |
| Current Ratio: 2.79 > 1.5 & < 3 |
| Outstanding Shares: last quarter (53.6m) vs 12m ago -1.44% < -2% |
| Gross Margin: 32.26% > 18% (prev 30.04%; Δ 2.22% > 0.5%) |
| Asset Turnover: 36.35% > 50% (prev 32.31%; Δ 4.04% > 0%) |
| Interest Coverage Ratio: 4.25 > 6 (EBIT TTM 768.9m / Interest Expense TTM 181.0m) |
| A: 0.19 (Total Current Assets 2.39b - Total Current Liabilities 859.0m) / Total Assets 8.12b |
| B: 0.07 (Retained Earnings 605.0m / Total Assets 8.12b) |
| C: 0.11 (EBIT TTM 768.9m / Avg Total Assets 7.20b) |
| D: 1.03 (Book Value of Equity 4.12b / Total Liabilities 3.99b) |
| Altman-Z'' = 3.28 = A |
| DSRI: 1.02 (Receivables 793.0m/604.0m, Revenue 2.62b/2.03b) |
| GMI: 0.93 (GM 30.04% / 32.26%) |
| AQI: 1.19 (AQ_t 0.23 / AQ_t-1 0.19) |
| SGI: 1.29 (Revenue 2.62b / 2.03b) |
| TATA: 0.03 (NI 676.0m - CFO 407.6m) / TA 8.12b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of November 14, 2026, the stock is trading at USD 65.21 with a total of 255,679 shares traded. Over the past week, the price has changed by +2.56%, over one month by -19.83%, over three months by -17.57% and over the past year by -25.01%.
Current recommended Stop Loss: 61.70 (which is 5.4% or 1.3 ATR below the current price).
Pampa Energia has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy PAM.
- StrongBuy: 7
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 120.6 | 85% |
P/E Trailing = 5.0848
P/E Forward = 6.68
P/S = 1.3024
P/B = 0.83
P/EG = 0.84
Revenue TTM = 2.62b USD
EBIT TTM = 768.9m USD
EBITDA TTM = 1.18b USD
Long Term Debt = 2.69b USD (from longTermDebt, last quarter)
Short Term Debt = 86.0m USD (from shortTermDebt, last quarter)
Debt = 2.81b USD (from shortLongTermDebtTotal, last quarter) + Leases 22.0m
Net Debt = 1.77b USD (calculated: Debt 2.81b - CCE 1.03b)
Enterprise Value = 5.18b USD (3.41b + Debt 2.81b - CCE 1.03b)
Interest Coverage Ratio = 4.25 (Ebit TTM 768.9m / Interest Expense TTM 181.0m)
EV/FCF = -5.88x (Enterprise Value 5.18b / FCF TTM -881.7m)
FCF Yield = -17.01% (FCF TTM -881.7m / Enterprise Value 5.18b)
FCF Margin = -33.70% (FCF TTM -881.7m / Revenue TTM 2.62b)
Net Margin = 25.84% (Net Income TTM 676.0m / Revenue TTM 2.62b)
Gross Margin = 32.26% ((Revenue TTM 2.62b - Cost of Revenue TTM 1.77b) / Revenue TTM)
Gross Margin QoQ = 32.91% (prev 35.39%)
Tobins Q-Ratio = 0.64 (Enterprise Value 5.18b / Total Assets 8.12b)
Interest Expense / Debt = 6.44% (Interest Expense 181.0m / Debt 2.81b)
Taxrate = 1.59% (11.0m / 692.0m)
NOPAT = 756.7m (EBIT 768.9m * (1 - 1.59%))
Current Ratio = 2.79 (Total Current Assets 2.39b / Total Current Liabilities 859.0m)
Debt / Equity = 0.68 (Debt 2.81b / totalStockholderEquity, last quarter 4.12b)
Debt / EBITDA = 1.50 (Net Debt 1.77b / EBITDA 1.18b)
Debt / FCF = -2.01 (negative FCF - burning cash) (Net Debt 1.77b / FCF TTM -881.7m)
Total Stockholder Equity = 3.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.39% (Net Income 676.0m / Total Assets 8.12b)
RoE = 17.42% (Net Income TTM 676.0m / Total Stockholder Equity 3.88b)
RoCE = 11.70% (EBIT 768.9m / Capital Employed (Equity 3.88b + L.T.Debt 2.69b))
RoIC = 10.48% (NOPAT 756.7m / Invested Capital 7.22b)
WACC = 6.81% (E(3.41b)/V(6.22b) * Re(7.20%) + D(2.81b)/V(6.22b) * Rd(6.44%) * (1-Tc(0.02)))
Discount Rate = 7.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.90 | Cagr: -0.66%
[DCF] Fair Price = unknown (Cash Flow -881.7m)
EPS Correlation: 81.93 | EPS CAGR: 61.11% | SUE: 0.11 | # QB: 0
Revenue Correlation: -79.94 | Revenue CAGR: -85.19% | SUE: -1.41 | # QB: -2
EPS current Quarter (2027-03-31): EPS=1.74 | Chg30d=+5.45% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=11.17 | Chg30d=+5.20% | Revisions=+29% | GrowthEPS=+61.9% | GrowthRev=+53.7%
EPS next Year (2027-12-31): EPS=11.98 | Chg30d=+2.05% | Revisions=+0% | GrowthEPS=+7.2% | GrowthRev=+11.2%
[Analyst] Revisions Ratio: +8% (up=5, down=4)