Empresa Distribuidora y Comercializadora Norte SA ADR logo

Empresa Distribuidora y Comercializadora Norte SA ADR(EDN)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$17.34
10/27/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for EDN

10/27/2026: EDN (1-star) is currently NOT-A-BUY. Pass it for now.

Edenor is a major electricity distribution company operating in the northern part of Buenos Aires, Argentina. The stock is best suited for investors who understand the complexities of the Argentine energy sector and the high level of regulatory and macroeconomic risk. While the company provides an essential service with a stable customer base, its financial performance is highly dependent on government-regulated tariff adjustments, which have historically been inconsistent. The primary investment story rests on the potential for regulatory normalization and economic stability. Investors should monitor political developments and inflation trends closely, as these factors significantly influence the company's ability to maintain profitability and cash flow.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company's growth is heavily constrained by government regulation rather than market-driven expansion.
Momentum investorMixed fitMomentum is highly conditional on news regarding Argentine macroeconomic policy or tariff adjustments.
Value investorMixed fitWhile the stock may appear inexpensive due to market sentiment, valuation risks are high due to political and regulatory uncertainty.
Dividend investorWeak fitThe company does not provide a consistent or reliable dividend income stream.
Low-risk investorWeak fitThe company faces high volatility due to macroeconomic and political risks in Argentina.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe ADR is highly sensitive to the political and economic climate in Argentina.
Valuation riskHighDetermining intrinsic value is difficult given the regulatory control over revenues.
Competition risk (Regulatory)MediumWhile direct competition is limited, regulatory shifts can drastically change the company's profitability.
Business qualityMediumThe company provides an essential service, but its financial performance is often hampered by government-mandated constraints.
Dividend incomeLowDividends are not a reliable component of the investment thesis.
Execution riskMedium / highManaging infrastructure in a high-inflation environment requires precise operational execution.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 56.07%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/27/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
EDN receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
EDN has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and soft ownership. In FY2025 versus FY2024, solid revenue growth (+11.3%) is partially offset by negative earnings growth (-33.2%), weak cash generation (FCF margin -5.9%), soft profitability (net margin 8.0%).

Financial Health Rating

★★★★★
EDN's financial health is supported by solid cash strength, including free-cash-flow generation of $-176.4B (-5.9% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is EDN's strongest growth driver at +11.3% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-33.2%, negative) and free-cash-flow growth (-17.6%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 9.0% (soft) and 41.0% of outstanding shares are publicly tradable (moderate). Insider ownership is only 0.60%, which materially reduces the ownership score.

Top 5 Institutional Investors

Helikon Investments Ltd 1.39%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.31%
Ping Capital Management, Inc. 0.54%
Morgan Stanley - Brokerage Accounts 0.28%
Marshall Wace Asset Management Ltd 0.21%

Unit Economics (Per $1K Revenue)

★★★★★
EDN generates approximately $228 of gross profit, $50 of operating income, and $-59 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Negative free cash flow explains the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 17.88%

Quantitative Style Profile

★★★★★
EDN has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 899.63M USD
Price to earnings Ratio 4.24
1Y Target Price 38.5
Price to earnings Ratio 4.24
1Y Target Price 38.5
Volume (30-day avg) 146.1K shares
Beta -0.1
52 Weeks Range 16.89 - 36.70
Updated Date 10/27/2026
52 Weeks Range 16.89 - 36.70
Updated Date 10/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 4.21

How Company Makes Money

Business areaWhat it includesRetail investor read
Electricity DistributionDistribution and commercialization of energy to residential and commercial users in northern Buenos Aires.The company earns money by charging for the delivery and management of electricity, with rates set by the government.
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Valuation

Trailing PE 4.24
Forward PE 8.75
Enterprise Value 1.15B
Price to Sales(TTM) -
Enterprise Value 1.15B
Price to Sales(TTM) -
Enterprise Value to Revenue 0.57
Enterprise Value to EBITDA 2.26
Shares Outstanding 20.59M
Shares Floating 8.43M
Shares Outstanding 20.59M
Shares Floating 8.43M
Percent Insiders 0.6
Percent Institutions 9.01

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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