Financials YPF Sociedad Anónima Nyse

Equities

YPF

US9842451000

Oil & Gas Refining and Marketing

Market Closed - Nyse Other stock markets 01:30:02 17/05/2024 am IST			5-day change	1st Jan Change
23.64 ^USD	-1.13%		-3.04%	+37.52%

10/05	Argentina oil firm YPF sees negative 2024 cash flow amid investment push	RE
10/05	Transcript : YPF Sociedad Anónima, Q1 2024 Earnings Call, May 10, 2024

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,37,148	2,72,900	3,06,174	12,37,893	65,63,683	1,03,36,555	-	-
Enterprise Value (EV) ¹	8,51,218	9,13,924	10,70,651	24,41,470	1,23,17,320	1,75,28,322	1,77,32,342	1,61,37,404
P/E ratio	-9.87 x	-3.91 x	-120 x	2.76 x	-5.89 x	60.1 x	-	-
Yield	0.68%	-	-	-	-	-	-	-
Capitalization / Revenue	0.5 x	0.32 x	0.21 x	0.33 x	0.45 x	0.63 x	0.66 x	0.65 x
EV / Revenue	1.25 x	1.08 x	0.75 x	0.65 x	0.84 x	1.07 x	1.13 x	1.02 x
EV / EBITDA	5.01 x	6.96 x	2.58 x	2.46 x	3.59 x	3.88 x	3.41 x	2.94 x
EV / FCF	15.3 x	9.66 x	5.64 x	8.1 x	63.6 x	-50.2 x	85 x	21.6 x
FCF Yield	6.54%	10.4%	17.7%	12.3%	1.57%	-1.99%	1.18%	4.64%
Price to Book	0.62 x	0.4 x	-	-	-	-	-	-
Nbr of stocks (in thousands)	3,93,313	3,93,313	3,93,313	3,93,313	3,93,313	3,93,313	-	-
Reference price ²	857.2	693.8	778.4	3,147	16,688	26,281	26,281	26,281
Announcement Date	06/03/20	04/03/21	03/03/22	10/03/23	06/03/24	-	-	-

¹ARS in Million²ARS

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,78,595	8,46,606	14,30,207	37,74,415	1,46,47,287	1,63,07,105	1,56,37,589	1,58,13,308
EBITDA ¹	1,69,857	1,31,289	4,14,758	9,93,011	34,33,579	45,19,288	52,03,158	54,80,585
EBIT ¹	20,417	-1,17,925	66,984	5,22,902	7,36,976	19,10,555	22,63,229	25,21,838
Operating Margin	3.01%	-13.93%	4.68%	13.85%	5.03%	11.72%	14.47%	15.95%
Earnings before Tax (EBT) ¹	-7,010	-82,168	71,845	6,14,950	-2,17,454	19,78,775	22,67,687	27,28,064
Net income ¹	-34,071	-97,699	-2,485	4,48,334	-11,10,117	14,61,611	12,80,844	14,70,597
Net margin	-5.02%	-11.54%	-0.17%	11.88%	-7.58%	8.96%	8.19%	9.3%
EPS ²	-86.85	-177.4	-6.482	1,141	-2,833	437.1	-	-
Free Cash Flow ¹	55,682	94,600	1,89,823	3,01,296	1,93,677	-3,49,318	2,08,654	7,48,059
FCF margin	8.21%	11.17%	13.27%	7.98%	1.32%	-2.14%	1.33%	4.73%
FCF Conversion (EBITDA)	32.78%	72.05%	45.77%	30.34%	5.64%	-	4.01%	13.65%
FCF Conversion (Net income)	-	-	-	67.2%	-	-	16.29%	50.87%
Dividend per Share ²	5.850	-	-	-	-	-	-	-
Announcement Date	06/03/20	04/03/21	03/03/22	10/03/23	06/03/24	-	-	-

¹ARS in Million²ARS

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	3,62,473	3,91,098	4,25,651	6,50,788	8,30,618	9,32,391	9,70,574	12,52,103	15,76,400	35,48,652	38,04,071	39,84,802	40,68,553	37,72,690
EBITDA ¹	1,15,519	90,104	1,13,819	2,01,068	2,40,252	1,87,281	2,39,094	2,87,626	3,24,100	9,15,508	10,98,856	12,85,686	12,81,253	11,77,648
EBIT ¹	42,844	-21,175	44,497	1,13,938	1,29,108	93,741	76,721	63,249	41,650	4,51,831	5,87,822	5,43,881	5,41,737	4,94,909
Operating Margin	11.82%	-5.41%	10.45%	17.51%	15.54%	10.05%	7.9%	5.05%	2.64%	12.73%	15.45%	13.65%	13.32%	13.12%
Earnings before Tax (EBT) ¹	39,040	-2,269	52,811	1,31,230	-	1,24,453	97,561	1,30,219	-47,950	-8,46,972	4,73,082	8,07,139	18,83,323	14,81,945
Net income ¹	23,224	26,685	29,274	1,05,896	1,08,579	93,339	78,095	95,875	-44,800	-15,73,794	5,72,817	4,37,521	3,74,125	2,53,985
Net margin	6.41%	6.82%	6.88%	16.27%	13.07%	10.01%	8.05%	7.66%	-2.84%	-44.35%	15.06%	10.98%	9.2%	6.73%
EPS ²	-	-	-	-	-	239.5	-	-	-115.5	-4,017	1,465	193.4	218.6	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	09/11/21	03/03/22	11/05/22	10/08/22	10/11/22	10/03/23	11/05/23	10/08/23	09/11/23	06/03/24	10/05/24	-	-	-

¹ARS in Million²ARS

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,14,070	6,41,024	7,64,477	12,03,577	57,53,637	71,91,766	73,95,786	58,00,849
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.026 x	4.883 x	1.843 x	1.212 x	1.676 x	1.591 x	1.421 x	1.058 x
Free Cash Flow ¹	55,682	94,600	1,89,823	3,01,296	1,93,677	-3,49,318	2,08,654	7,48,059
ROE (net income / shareholders' equity)	-7.56%	-11.4%	-0.28%	23.7%	9.96%	12.1%	15.8%	20.1%
ROA (Net income/ Total Assets)	-2.65%	-3.98%	-0.1%	9.06%	-5.15%	38.7%	11.9%	9.9%
Assets ¹	12,83,664	24,52,344	24,94,853	49,50,409	2,15,53,583	37,77,261	1,07,94,238	1,48,48,519
Book Value Per Share	1,383	1,725	-	-	-	-	-	-
Cash Flow per Share ²	-	533.0	1,012	2,915	12,769	8,315	-	-
Capex ¹	1,61,455	1,14,616	2,64,909	8,41,460	48,07,243	44,56,540	38,83,003	37,01,729
Capex / Sales	23.79%	13.54%	18.52%	22.29%	32.82%	27.33%	24.83%	23.41%
Announcement Date	06/03/20	04/03/21	03/03/22	10/03/23	06/03/24	-	-	-

¹ARS in Million²ARS

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for YPF Sociedad Anónima

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

26,281 ARS

Average target price

7,140 ARS

Spread / Average Target

-72.83%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Oil & Gas Refining and Marketing