Discounted Cash Flow

Edenor ADR

EDN · Based on 10 years of SEC filings · Converted from ARS to USD

⚠ Cash flow predictability 46/100 (moderate) — FCF YoY std dev 70%, net income 70% (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 $8.6m $-781.2k $3.3m -9.0%
2017 $16.1m (86.1%) $456.2k (158.4%) $456.2k (-86.1%) 2.8% (131.4%)
2018 $36.9m (129.9%) $2.8m (521.1%) $6.3m (1291.8%) 7.7% (170.2%) $10.11
2019 $59.4m (60.7%) $8.0m (182.5%) $6.7m (5.6%) 13.5% (75.7%) $18.88 (86.7%)
2020 $60.3m (1.5%) $-11.6m (-245.3%) $11.4m (70.7%) -19.3% (-243.1%) $-20.23 (-207.2%)
2021 $74.9m (24.3%) $-14.0m (-20.4%) $14.1m (23.1%) -18.7% (3.2%) $-47.52 (-134.9%)
2022 $135.9m (81.4%) $-11.8m (15.7%) $-11.8m (-183.8%) -8.7% (53.5%) $-19.96 (58.0%)
2023 $462.7m (240.6%) $31.3m (365.1%) $-179.3m (-1418.2%) 6.8% (177.8%) $55.28 (377.0%)
2024 $1.3b (191.4%) $181.1m (478.5%) $-150.2m (16.2%) 13.4% (98.5%) $311.00 (462.6%)
2025 $2.0b (46.4%) $158.7m (-12.4%) $-116.4m (22.5%) 8.0% (-40.2%) $273.41 (-12.1%)

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