Discounted Cash Flow

Central Puerto S.A. ADR

CEPU · Based on 10 years of SEC filings · Converted from ARS to USD (10 ordinary shares per ADR)

⚠ Cash flow predictability 42/100 (moderate) — FCF YoY std dev 77%, net income 81% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.1m $1.2m $-818.3k 37.6%
2017 $4.4m (40.3%) $2.3m (98.3%) $-1.4m (-67.4%) 53.2% (41.3%)
2018 $18.2m (316.7%) $11.6m (399.4%) $-2.2m (-57.0%) 63.7% (19.9%)
2019 $35.9m (97.6%) $5.8m (-49.7%) $-3.7m (-70.0%) 16.2% (-74.6%)
2020 $34.5m (-3.9%) $4.6m (-21.8%) $4.8m (232.4%) 13.2% (-18.6%)
2021 $37.7m (9.3%) $-490.5k (-110.8%) $-490.5k (-110.1%) -1.3% (-109.8%)
2022 $67.0m (77.6%) $12.6m (2665.8%) $34.6m (7146.1%) 18.8% (1544.4%) $85.79
2023 $207.3m (209.3%) $97.9m (677.5%) $76.5m (121.4%) 47.2% (151.4%) $214.55 (150.1%)
2024 $487.9m (135.4%) $32.8m (-66.5%) $76.5m (-0.1%) 6.7% (-85.8%) $33.01 (-84.6%)
2025 $725.4m (48.7%) $233.2m (611.4%) $76.5m (0.1%) 32.2% (378.5%) $230.61 (598.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in ARS. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model