Central Puerto S.A. (CEPU) intrinsic value & 10-year financials
Central Puerto S.A. (CEPU) has a Graham intrinsic value of $1,096.45 per share. At $11.73 on Oct 27, 2026, the stock trades 99% below that value. Over the last 10 fiscal years revenue grew 86.9% a year to $738.2B, with an average return on invested capital of 32.3%.
- Graham intrinsic value
- $1,096.45
- Share price (Oct 27, 2026)
- $11.73
- Price vs Graham value
- 99% below
- Market cap
- $17.6B
- Revenue (FY2024)
- $738.2B
- Revenue growth (10-yr CAGR)
- 86.9%
- ROIC (10-yr avg)
- 32.3%
- Free cash flow (FY2024)
- $115.7B
CEPU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $738.2B | $61.3B | $33.01 | $115.7B | 26.7% | 6.7% |
| FY2023 | $313.6B | $146.0B | $214.55 | $115.8B | 107.9% | 47.9% |
| FY2022 | $101.4B | $19.1B | $85.79 | $52.3B | 61.0% | 27.6% |
| FY2021 | $57.1B | -$647.9M | — | $20.7B | 45.0% | 9.2% |
| FY2020 | $38.1B | $7.0B | — | $7.3B | 73.3% | 27.9% |
| FY2019 | $36.0B | $8.7B | — | -$5.5B | 78.0% | 36.2% |
| FY2018 | $14.3B | $17.2B | — | -$3.3B | 213.8% | 96.6% |
| FY2017 | $6.0B | $3.5B | — | -$1.1B | 52.2% | 27.3% |
| FY2016 | $3.6B | $1.8B | — | $1.0B | 59.0% | 20.0% |
| FY2015 | $2.7B | $1.3B | — | $608.8M | 59.1% | 23.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CENTRAL PUERTO S.A. is a consistent compounder, expanding top-line revenue at 86.9% annually over the past decade.
CENTRAL PUERTO S.A. has earned high returns on invested capital, averaging 33.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
CENTRAL PUERTO S.A. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CENTRAL PUERTO S.A. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1096.45 per share.