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Largest electricity distributor in Argentina, serving northern Buenos Aires and northwest Greater Buenos Aires.
Largest electricity distributor in Argentina, serving northern Buenos Aires and northwest Greater Buenos Aires.
Buys electricity wholesale and resells it to customers, keeping only a regulated distribution margin, so earnings hinge on how closely government-set tariffs track costs and inflation. Tariffs lagged costs for years in Argentina and are now being brought closer to cost recovery. Controlled since 2021 by the local investor group Edelcos, which bought the stake from Pampa Energia.
Moat: wide (regulatory licence). Exclusive government concession to distribute electricity in its Buenos Aires territory.
Headquarters: Buenos Aires, Argentina · Founded: 1992 · Employees: 4,576
Size Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR (EDN) is a United States Utilities company (Electric Utilities) with a market value of $738M, the 2445th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.08 on 6 Nov 2026.
Performance Over six months the shares fell 39.8%, against -24.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +3.6%); the operating margin is 5.9% (peer median 6.4%).
Valuation It trades at 6.9× forward earnings against a peer median of 10.9× (2nd cheapest of 6).
Capital Return on invested capital runs 2.8 points below its cost of capital (8.1% WACC).
Short interest Short interest is 1.7% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.41B | $2.41B | $2.23B | $2.38B | $1.57B |
| Revenue growth | — | +8% | -6% | +51% | — |
| Gross profit | $553M | $511M | $384M | $25.5M | $22.0M |
| EBITDA | $318M | $164M | $227M | -$114M | -$112M |
| Net income | $178M | $192M | $297M | $164M | -$134M |
| Free cash flow | -$209M | -$216M | -$158M | -$170M | $21.4M |
| Capital expenditure | $269M | $296M | $393M | $407M | $243M |
| Total debt | $1.13B | $808M | $455M | $58.5M | $84.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | $738M | -40% | +2% | 6% | 6.9× | n/a |
| Pampa Energia SA Sponsored ADR PAM | $3.78B | -19% | +29% | 21% | 7.4× | n/a |
| Central Puerto SA Sponsored ADR CEPU | $1.64B | -29% | +51% | 29% | 5.0× | -5.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EDN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.1% | -9.4% | 2nd lowest of 21 |
| 6-month return | -39.8% | -24.9% | 3rd lowest of 21 |
| Distance from 52-week high | -61.6% | -43.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +1.9% | +3.6% | 9th lowest of 21 |
| Operating margin | 5.9% | 6.4% | 9th lowest of 21 |
| Forward P/E | 6.9× | 10.9× | 2nd cheapest of 6 |
| ROIC minus cost of capital | -2.8 pp | -1.2 pp | 9th lowest of 21 |
| EV / EBITDA | 3.2× | 9.4× | cheapest of 9 |
| Net debt / EBITDA | 0.9× | 4.6× | 2nd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 6% | 6.9× | n/a | n/a |
| Ningbo Energy Group Co., Ltd 600982.SS | China | $748M | -24% | +9% | 9% | n/a | 5.0% | -6.9% |
| Guangdong Meiyan Jixiang Hydropower 600868.SS | China | $752M | -23% | +60% | -32% | n/a | 18.3% | +15.3% |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 9% | n/a | -10.7% | +2.9% |
| Leshan Electric Power 600644.SS | China | $779M | -27% | 0% | -1% | n/a | 15.8% | +8.3% |
| Zheneng Jinjiang Environment BWM.SI | Singapore | $786M | +13% | +5% | 33% | n/a | -3.0% | +2.2% |
| Swan SWANCORP.NS | India | $799M | -32% | -17% | -9% | n/a | n/a | n/a |
| Reliance Power RPOWER.NS | India | $806M | -37% | +3% | 20% | n/a | -4.9% | -0.5% |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -5% | n/a | n/a | n/a |
| Guangzhou Hengyun Enterprises 000531.SZ | China | $817M | -26% | 0% | -2% | n/a | n/a | n/a |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | 0% | 19.3× | -1.4% | +1.7% |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 19% | n/a | 15.7% | +14.1% |
| Fujian Mindong Electric Power 000993.SZ | China | $846M | +1% | -18% | 5% | n/a | 14.7% | +10.1% |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | n/a | n/a | n/a |
| 2G Energy 2GB.DE | Germany | $885M | -25% | -12% | 6% | 25.1× | 18.5% | +10.1% |
| Guangdong Shaoneng 000601.SZ | China | $887M | -15% | +6% | 7% | n/a | -0.4% | -0.7% |
| China Datang Corp. Renewable Power 1798.HK | Hong Kong | $904M | -42% | -6% | 21% | 8.8× | n/a | n/a |
| Shandong Xinneng Taishan Power Generation 000720.SZ | China | $602M | -28% | +8% | -39% | n/a | n/a | n/a |
| Voltalia VLTSA.PA | France | $602M | -42% | +19% | 12% | n/a | n/a | n/a |
| KDHC 071320.KS | South Korea | $601M | -8% | +1% | 15% | 2.5× | -11.2% | +13.8% |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 6% | 10.9× | -8.6% | +17.6% |