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Pampa Energía S.A. (PPENF) Fair Value & Analysis

Industrials · US · Market cap $3.6B

What is Pampa Energía S.A. really worth?

PE Pampa Energía S.A. logo Pampa Energía S.A. PPENF · US
Price from Aug 28, 2026$1.75
Fair Value$3.50
Upside+100.0%
Quality47/100

Below-average quality, trading 50% below our fair value of $3.50.

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Strengths

Highly profitable · 20.3% net margin
Ranks above peers (8/13)

Risks

!Expensive Growth (revenue 5y +13.2 %/yr)
!Moderate debt · negative free cash flow
!Moderate moat 59/100
!Weak on dividend: 1 out of 100
Evidence: High Range $2.63 – $4.38

Fair value as of: Aug 15, 2026

From 6 valuation models · updated 21 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case ($2.63). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (4 years)

$3.19 $1.05 Fair Value $3.50 Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

44‑month range $1.05 – $3.19 · fair‑value band $2.63 – $4.38 · the $1.75 price screens below the $3.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Pampa Energía S.A. (PPENF) currently trades at $1.75, while our model-based Fair Value estimate is $3.50, implying the stock looks roughly 50.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of $4.77 per share, and 6 of the 6 models we run sit above the $1.75 price. Bear case: the Asset-Based group reads lowest at $1.79, and 0 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Pampa Energía S.A. generated revenue of $2.2B at a net margin of 20.3%. Revenue grew 38.4% year over year. It earns a return on equity of 12.1%. Net debt stands at $1.2B. Fundamentals as of Aug 15, 2026

Our scenario range runs from $2.63 (bear case) to $4.38 (bull case); at $1.75, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 100%, PPENF screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.2233 per share, which is 6.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $2.35 $2.62 $4.10 75
Graham-Dodd $1.91 $6.66 $8.96 64
P/E Multiple $3.79 $5.05 $6.31 63
All 6 models by family
Earnings-Based
Graham-Dodd $1.91 $6.66 $8.96 64
Lynch FV $1.55 $2.21 $2.88 61
Multiples
P/E Multiple $3.79 $5.05 $6.31 63
P/B Multiple $3.58 $4.77 $5.96 55
Asset-Based
NCAV (Graham) $1.34 $1.79 $2.68 54
Economic Profit
Residual Income best evidence $2.35 $2.62 $4.10 75

Widest divergence: Multiples ($4.77) versus Asset-Based ($1.79). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 5.3
P/S ratio 1.00 P/E × margin
EPS (TTM) $0.3300 price ÷ EPS = P/E 5.3
Dividend yield 0.0% payout 0.1%
Net margin 18.9% FY2025
Return on equity 12.1% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 19.4% TTM
Growth
Revenue (TTM) $2.2B TTM
Revenue growth (YoY) +38.4% 3y avg +3.0%
EPS growth (YoY) +39.9%
Balance sheet & cash flow
Free cash flow −$215M FY2025
Net debt $1.2B FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 24

Profitability 40
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Pampa Energía S.A. operates as an integrated power company in Argentina. The company operates through Oil and Gas; Generation; Petrochemicals; and Holding, Transportation and Others segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,472 megawatt (MW) installed capacity.

Full company description

Pampa Energía S.A. operates as an integrated power company in Argentina. The company operates through Oil and Gas; Generation; Petrochemicals; and Holding, Transportation and Others segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,472 megawatt (MW) installed capacity. The company also explores for and produces oil and gas in the provinces of Neuquén and Río Negro. In addition, it produces petrochemicals, such as styrene, synthetic rubber, and polystyrene. Further, the company operates and maintains a 22,445 km high-voltage electricity transmission network in Argentina. Additionally, it holds a concession for the transportation of natural gas with 9,248 km of gas pipelines in the center, west, and south of Argentina; and processes and sells natural gas liquids in Bahía Blanca in the Province of Buenos Aires, as well as offers related advisory services. Pampa Energía S.A. was formerly known as Pampa Holding S.A. and changed its name to Pampa Energía S.A. in September 2008. The company was incorporated in 1945 and is based in Buenos Aires, Argentina.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pampa Energía S.A. reported revenue of $2.0B in FY2025 versus $1.5B in FY2021, a compound +7.3%/yr. Reported net income was $377M in FY2025, compounding +8.4%/yr from FY2021.

Growth Quality 60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$2.0B
Latest YoY
+6.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.0% (7.0 + 0.0)
Revenue +7.3%/yr
FY21 $1.5B
FY22 $1.8B
FY23 $1.7B
FY24 $1.9B
FY25 $2.0B
Net income +8.4%/yr
FY21 $273M
FY22 $456M
FY23 $302M
FY24 $619M
FY25 $377M

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Cite: Fair Value Calculator (2026). "Pampa Energía S.A. Fair Value". https://www.fairvalue-calculator.com/stock/PPENF

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Conglomerates · 375 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 38% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.51× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 5.3× · Cheaper than 75% of peers
P/B 0.99× · Pricier than median
P/S (TTM) 1.65× · Pricier than median
EV/EBITDA 6.0× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE100 · sector 17
PAST48 · sector 17
HEALTH74 · sector 89
DIVIDEND1 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is Pampa Energía S.A. (PPENF) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of $3.50 versus the last price from Aug 28, 2026 of $1.75, about +100% upside (undervalued).
What is the fair value of PPENF?
Our model-based fair value for Pampa Energía S.A. is $3.50 (as of Aug 15, 2026), built from audited fundamentals. Last price (from Aug 28, 2026): $1.75.
What is the quality score of PPENF?
Pampa Energía S.A. has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pampa Energía S.A. (PPENF)?
Pampa Energía S.A. reported trailing-twelve-month revenue of about $2.2B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of PPENF?
The net profit margin of Pampa Energía S.A. is about 20.3%, meaning it keeps roughly 20.3% of revenue as net income. Based on the latest reported figures.
Does Pampa Energía S.A. pay a dividend?
Pampa Energía S.A. currently shows a dividend yield of about 0.03% relative to its recent price (as of Aug 15, 2026).
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