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CENTRAL PUERTO S.A. (CEPU) financial health, profit and balance sheet · Scorvest

CEPU · NYSE · United States · Electric Services

CENTRAL PUERTO S.A.

Buenos Aires · Fiscal year ends in December · Figures in ARS

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In shortCENTRAL PUERTO S.A. is profitable, generates cash and carries moderate debt, with revenue growing (+8.1% last year).

Financial health

Solid

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability54

Operating marginShare of each sale left after running the business, before interest and tax.	26.7%	100/100
Net marginShare of each sale left as profit after every cost, interest and tax.	6.7%	47/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	2.7%	14/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	8.0%	53/100

Weight in the score: 25%

Balance sheet62

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.48×	57/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.08×	100/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	0.75×	93/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	1.15×	0/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	3.37	58/100

Weight in the score: 25%

Cash generation94

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	15.7%	83/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	2.33×	100/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability37
Profitable years (last 5) 4 of 5 80/100
Years of revenue decline (last 5) 1 of 5 67/100
Revenue growth volatility 85.5% 0/100
Operating margin volatility 30.7% 0/100
Weight in the score: 20%
Growth100
Revenue growth, 3-year average 28.7% 100/100
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	4 of 5	80/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	85.5%	0/100
Operating margin volatility	30.7%	0/100

Revenue growth, 3-year average	28.7%	100/100
EPS growth, 3-year average	–	n/a

Fiscal year 2024 · change vs prior year

Revenue: ARS 738.2B; ▲ 8.1%
Net income: ARS 49.6B; ▼ 84.6%
Free cash flow: ARS 115.7B; ▼ 54.1%
Operating margin: 26.7%; −81.1 pts
Cash & investments: ARS 3.8B; –
Total debt: ARS 150.8B; ▲ 41.9%
Diluted EPS: ARS33.01; ▼ 84.6%
Return on equity: 2.7%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

ARS millions; negative values in parentheses.

Fiscal year	FY20	FY21	FY22	FY23	FY24
Revenue	112,047	346,244	687,577	682,837	738,170
Cost of revenue	49,441	179,327	361,600	457,666	446,528
Gross profit	62,606	166,917	325,977	225,171	291,642
Selling, general & admin	8,740	25,184	50,637	69,148	76,842
Operating income	82,166	155,966	419,699	736,520	197,203
Interest expense	65,559	108,067	294,670	776,925	171,610
Pre-tax income	35,506	46,226	174,946	356,912	142,712
Income tax	(15,048)	50,156	45,572	39,063	81,458
Net income	20,264	(4,501)	129,120	322,386	49,598
Diluted EPS	ARS4.58	–	ARS85.79	ARS214.55	ARS33.01
Diluted shares (millions)	(1,505)	1,505	1,505	1,503	1,503

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Risk checks

Altman Z'' score

3.37 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

7/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: passed
Gross margin improved: passed
Asset turnover improved: passed

Sources

20-FPeriod ending Dec 31, 2025Filed Apr 22, 2026Open the report ↗
20-FPeriod ending Dec 31, 2024Filed Apr 25, 2025Open the report ↗
20-FPeriod ending Dec 31, 2023Filed Apr 29, 2024Open the report ↗
20-FPeriod ending Dec 31, 2022Filed Apr 26, 2023Open the report ↗
20-FPeriod ending Dec 31, 2021Filed Apr 28, 2022Open the report ↗
20-FPeriod ending Dec 31, 2020Filed Apr 26, 2021Open the report ↗
20-FPeriod ending Dec 31, 2019Filed Apr 28, 2020Open the report ↗
20-FPeriod ending Dec 31, 2018Filed Apr 30, 2019Open the report ↗