Empresa Distribuidora y Comercializadora Norte SA ADR logo

Empresa Distribuidora y Comercializadora Norte SA ADR(EDN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$20.23
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for EDN

09/28/2026: EDN (1-star) is currently NOT-A-BUY. Pass it for now.

Edenor is the largest electricity distribution company in Argentina, providing essential utility services to a massive customer base in the northern metropolitan region of Buenos Aires. Its business benefits from a regulated monopoly position, which provides a steady foundation for operations. The primary investment story is linked to the potential normalization of energy tariffs and broader Argentine economic stability, which could drive significant value recovery. However, investors face notable risks from hyperinflation, political interference in utility pricing, and currency volatility. The stock is best suited for experienced investors with a high risk tolerance who are specifically monitoring for positive policy shifts in the Argentine energy sector.

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 fitRegulated utility growth is historically slow and tied to macroeconomic stability rather than organic expansion.
Momentum investorMixed fitMomentum is conditional on positive upturn signals regarding Argentine economic policy shifts.
Value investorMixed fitThe stock can appear undervalued based on assets, but valuation risk is high due to economic volatility.
Dividend investorWeak fitUnpredictable cash flows and regulatory constraints limit the reliability of dividend income.
Low-risk investorWeak fitSignificant currency and political risk make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is highly sensitive to news regarding Argentine economic reforms and currency valuation.
Valuation riskMedium / highDetermining intrinsic value is difficult due to hyperinflation and fluctuating regulatory environments.
Competition risk (regulatory focus)MediumWhile direct competition is low, the company faces significant risk from government regulation of the energy sector.
Business qualityMediumThe business is an essential utility, but its operational health is heavily dependent on political decisions.
Dividend incomeLowDividends are not a reliable source of income for investors given the company's payout history.
Execution riskMediumMaintaining large-scale distribution infrastructure during periods of economic instability is operationally challenging.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

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 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
EDN receives a 3-star rating, supported by solid analyst coverage. 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 0.16%, which materially reduces the ownership score.

Top 5 Institutional Investors

Helikon Investments Ltd 1.39%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 1.13%
Ping Capital Management, Inc. 0.54%
Morgan Stanley - Brokerage Accounts 0.36%
Wexford Capital LP 0.19%

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 1.01B USD
Price to earnings Ratio 6.4
1Y Target Price 38.5
Price to earnings Ratio 6.4
1Y Target Price 38.5
Volume (30-day avg) 70.5K shares
Beta -0.1
52 Weeks Range 14.38 - 36.70
Updated Date 09/27/2026
52 Weeks Range 14.38 - 36.70
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.33

How Company Makes Money

Business areaWhat it includesRetail investor read
Electricity DistributionCharging regulated tariffs for the distribution and supply of electricity to homes and businesses.The company collects money from monthly electric bills within its defined region.
Argentina GeographyOperations concentrated in the northern Buenos Aires metropolitan region.Performance is tied directly to the economic health and regulatory environment of Argentina.
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Valuation

Trailing PE 6.4
Forward PE 8.75
Enterprise Value 1.37B
Price to Sales(TTM) 0.51
Enterprise Value 1.37B
Price to Sales(TTM) 0.51
Enterprise Value to Revenue 0.67
Enterprise Value to EBITDA 2.68
Shares Outstanding 20.59M
Shares Floating 8.43M
Shares Outstanding 20.59M
Shares Floating 8.43M
Percent Insiders 0.16
Percent Institutions 9.04

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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.

About Empresa Distribuidora y Comercializadora Norte SA ADR

Exchange NYSE
Headquarters -
IPO Launch date 2007-04-26
Chairman & CEO Mr. Daniel Marx
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 4576
Full time employees 4576

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima engages in the distribution and sale of electricity in Argentina. The company operates an electrical power distribution system that consists of 85 transformation substations and interconnections with high voltage customers with 20,295 MVA of installed power and 1,594 km of high voltage networks; and MV/LV and MV/MV distribution system comprises 19,845 transformers with 10,137 MVA of installed power, 12,732 km of medium voltage networks, and 28,590 km of low voltage networks. It serves approximately 3.39 million customers. The company was formerly known as Empresa Distribuidora Norte Sociedad Anónima and changed its name to Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in January 1997. The company was founded in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur S.A.