Présentation de l'entreprise
YPF Sociedad Anónima operates as an integrated energy company engaged in upstream and downstream activities within South America and Argentina, utilizing specific segments such as Upstream, Midstream and Downstream, LNG and Integrated Gas, and New Energies. The corporation functions within the Energy sector and the Oil & Gas Integrated industry, positioning it as a key player in the global hydrocarbon value chain and renewable transition. The company's market capitalization stands at $17.90B, while its annual revenue recorded over the trailing twelve months is $23.24T, with an employee count listed as N/A. These valuation and revenue figures indicate a massive operational scale relative to typical mid-cap energy firms, suggesting a dominant market position despite the unusual magnitude of the reported revenue figure which may reflect specific accounting consolidations or data anomalies within the provided dataset.
Santé financière
Over the trailing twelve months, YPF reported a revenue of $23.24T, a net income of $-1,087,720,980,480, and an EBITDA of $6.07T, highlighting a significant divergence between top-line activity and bottom-line profitability. The substantial gap between the reported revenue of $23.24T and the net loss of $-1,087,720,980,480 reveals an extreme cost structure where operating expenses, taxes, or non-operating charges drastically outweigh gross earnings before interest and taxes. The company generated free cash flow of $-3,300,128,980,992, indicating a current lack of financial flexibility to fund capital expenditures or debt service without external financing or asset sales. Profitability analysis shows a gross margin of 27.8%, an operating margin of 10.1%, and a profit margin of -4.7%, illustrating that while the company retains nearly a third of revenue as gross profit, significant downstream costs and tax burdens erode these gains into a negative net profit. Liquidity assessment reveals cash holdings of $1.73T against total debt of $16.18T, resulting in a debt-to-equity ratio of 100.98, which characterizes the balance sheet as highly leveraged rather than conservative. Short-term liquidity is constrained by a current ratio of 0.87, suggesting current liabilities exceed current assets and potentially challenging the company's ability to meet immediate obligations without liquidating assets. Return metrics further complicate the financial picture with a return on equity of -7.4% and a return on assets of 4.2%, indicating that management effectiveness varies significantly between equity generation and asset utilization, with equity holders currently facing value destruction while the asset base generates a nominal positive return.
Évaluation de la valorisation
Valuation multiples for YPF include a trailing twelve-month P/E ratio of N/A and a forward P/E of 8.17, implying that the market prices the stock based on future earnings expectations rather than current profitability, a common scenario during periods of significant earnings volatility or loss. The price-to-book ratio stands at 1.51, suggesting that the market values the company at a premium of 51% over its net tangible assets, which could reflect intangible value or strategic asset positioning despite current earnings deficits. Alternative valuation metrics such as a price-to-sales ratio of 0.00 and an EV/EBITDA of 2.44 offer different perspectives, with the zero price-to-sales ratio reflecting the negative or negligible net income relative to sales, while the low EV/EBITDA suggests the market is pricing in substantial downside risk or expects a reversion to normalized earnings. Price action over the last year shows a 52-week high of $48.96 and a 52-week low of $22.82; assuming a trading price near the lower end of the range given the negative earnings, the stock would be trading at approximately 100% below the 52-week high or near the bottom of the consolidation range, depending on the specific current price not explicitly defined beyond the high and low bounds. The beta value of 0.03 indicates extremely low price volatility relative to the broader market, suggesting the stock price is decoupled from general market movements, possibly due to its heavy exposure to local currency risks, geopolitical factors, or specific regional supply dynamics rather than global equity trends.
Growth & Income
Revenue growth over the year-on-year period stands at 36.6%, whereas earnings growth is listed as N/A due to the reported net loss, meaning that top-line expansion is not currently translating into bottom-line improvements. For dividend payers, the company reports a dividend yield of N/A and a payout ratio of 0.0%, indicating that it does not distribute cash to shareholders at this time. As a non-dividend payer, the company effectively reinvests all available earnings, or in this case, retains cash to cover losses and fund operations, rather than distributing income to equity holders. The overall growth and income profile is characterized by strong top-line expansion in revenue that fails to cover the massive operational and tax costs, resulting in a current strategy focused on operational survival and asset retention rather than shareholder returns through dividends or earnings growth.