Company Overview
YPF Sociedad Anónima operates as a prominent entity within the energy sector, specifically focusing on oil and gas integrated activities. The company's core business involves upstream operations that encompass the exploration, exploitation, and production of crude oil and natural gas, alongside downstream activities that include petrochemical production. This operational scope positions YPF as a significant player in the Argentine market, managing the entire value chain from resource extraction to refined product distribution. The company currently holds a market capitalization of $16.91B and reports a trailing twelve-month revenue of $23.24T, though the provided data lists employee count as N/A. These valuation and revenue metrics indicate that YPF maintains a substantial market presence, reflecting its role as a major integrated energy firm with significant scale in the Latin American region.
Financial Health
The financial profile of YPF Sociedad Anónima reveals a complex cost structure where revenue of $23.24T contrasts sharply with a net income of $-1,087,720,980,480. This substantial gap between the massive revenue figure and the negative net income suggests that operating expenses, including cost of goods sold and administrative costs, significantly erode profitability on a per-share or total basis. Despite the negative net income, the company reports an EBITDA of $6.07T, which serves as a critical indicator of operational cash generation before interest, taxes, depreciation, and amortization. However, the free cash flow stands at $-3,300,128,980,992, indicating that capital expenditures and working capital requirements currently exceed the operating cash generated. In terms of profitability margins, the gross margin is 27.8%, while the operating margin is 10.1%, yet the profit margin is negative at -4.7%. These figures collectively demonstrate that while the company retains value from sales before specific allocations, the final bottom line is impacted by significant non-operating charges or tax effects. The balance sheet shows a cash position of $1.73T against total debt of $16.18T, resulting in a debt-to-equity ratio of 100.98. This configuration indicates a highly leveraged balance sheet where debt obligations far exceed liquid cash reserves and equity. Furthermore, the current ratio is 0.87, which suggests that the company's current assets are insufficient to cover its current liabilities without accessing external financing or selling long-term assets. Return metrics further highlight operational challenges, with a return on equity of -7.4% and a return on assets of 4.2%, revealing that equity holders are facing dilution while the asset base generates a modest positive return.
Valuation Assessment
Valuation metrics for YPF Sociedad Anónima present a mix of traditional and alternative measures that investors must analyze carefully. The forward P/E ratio is 7.81, whereas the P/E ratio (TTM) is listed as N/A, implying that analysts are pricing the stock based on projected future earnings rather than trailing historical performance. The price-to-book ratio stands at 1.45, indicating that the market values the company at 45% above its book value, which may reflect expectations of future growth or intangible asset value despite current earnings losses. Alternative valuation multiples provide further context, with a price-to-sales ratio of 0.00 and an EV/EBITDA of 2.44. The zero price-to-sales ratio combined with negative net income suggests that revenue-based valuation is not currently applicable due to the company's lack of profitability, while the low EV/EBITDA of 2.44 suggests the stock is priced at a discount relative to earnings before interest, taxes, depreciation, and amortization. The stock's recent trading range is defined by a 52-week high of $42.59 and a 52-week low of $22.82. Without a specific current share price provided in the facts, the valuation relative to this range cannot be calculated, but the wide spread indicates significant price volatility over the last year. The beta value is 0.29, which indicates that the stock's price volatility is significantly lower than that of the broader market, suggesting it may move less than the overall index during periods of market turbulence.
Growth & Income
The growth and income profile of YPF Sociedad Anónima is characterized by strong top-line expansion coupled with an absence of dividend distributions. The company reports a revenue growth rate of 36.6% year-over-year, while earnings growth is listed as N/A due to the negative net income. This divergence implies that revenue is expanding rapidly, but the bottom line has not yet realized proportional growth, likely due to the high cost structure or one-time charges mentioned in the financial health section. As a non-dividend payer, the company does not distribute a dividend yield or maintains a payout ratio of 0.0%, meaning it retains all earnings for reinvestment or debt servicing rather than paying shareholders. Consequently, the company reinvests its earnings into growth initiatives, capital projects, or working capital to support future expansion rather than providing immediate income to investors. The overall growth and income profile reflects a capital-intensive growth strategy where the focus is on scaling revenue and managing a high debt load, rather than generating current cash returns or distributing income to shareholders.