Cia de Transporte de Energia Electrica Class B

Cia de Transporte de Energia Electrica Class B

BBYMA:TRAN.CI
2,403.00
ARS
+24.00
(+1.01%)
568.24EPS
6.53P/E
1.65TMarket Cap
Nov 09Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.96
3.32
4.38
4.95
21.92
34.03
44.33
55.29
75.93
220.91
638.84
1,006.04
1,288.91
1,602.47
Basic EPS, GAAP
-0.01
0.33
0.12
-0.13
8.65
10.57
12.2
14.13
-5.73
11.97
32.21
207.8
437.24
568.24
Free Cash Flow per Basic Share
-1.01
-1.89
-2.91
-3.71
4.24
4.13
8.83
13.69
13.5
4.62
17.94
261.22
284.53
361.39
Dividend per Share
- -
- -
- -
- -
- -
5.15
13.9
- -
- -
- -
- -
- -
325.51
23.71
Book Value per Share
1.08
1.39
1.52
1.35
21.64
38.29
52.1
92.75
174.57
553.34
1,236.31
1,832.75
1,944.17
2,591.78
Tangible Book Value per Share
1.08
1.39
1.52
1.35
21.64
38.29
52.1
92.75
174.57
553.34
1,236.31
1,832.75
1,944.17
2,591.78
Basic Weighted Avg Shares
445
445
445
445
445
445
445
445
445
445
445
445
445
445
Sales/Revenue/Turnover
874
1,477
1,947
2,201
9,746
15,131
19,712
24,587
33,766
98,235
284,076
447,360
573,145
712,573
Operating Margin (%)
-4.24
14.01
17.88
5.66
50.52
54.9
54.5
41.92
15.21
5.56
10.52
30.45
48.51
54.5
Depreciation Expense
84
86
91
98
682
1,043
1,535
2,640
5,483
16,793
37,512
50,572
47,163
48,688
Net Income, GAAP
-6
145
52
-57
3,848
4,698
5,425
6,284
-2,548
5,325
14,324
92,402
194,431
252,682
Effective Tax Rate (%)
- -
40.12
36.87
- -
23.17
36.16
46.47
29.96
172.99
37
41.25
33.77
35.05
34.79
Profit Margin (%)
-0.64
9.83
2.68
-2.58
39.48
31.05
27.52
25.56
-7.55
5.42
5.04
20.65
33.92
35.46
Working Capital
144
225
428
490
3,756
6,868
6,508
1,606
2,706
13,538
24,443
86,931
59,186
174,608
LT Debt
812
956
1,235
1,513
2,638
5,593
7,396
- -
1,032
1,234
60
17
110
91
Total Equity
510
655
723
652
9,991
17,773
23,170
41,244
77,625
246,058
549,756
814,975
864,523
1,152,496
Return on Invested Capital (%)
- -
7.44
10.63
- -
44.35
27.12
20.23
16.52
-5.59
2.16
4.31
13.59
20.66
24.75
Return on Capital (%)
- -
13.02
5.9
- -
52.59
27.23
21.13
16.98
-5.74
4.05
3.85
13.54
23.15
26.14
Return on Common Equity (%)
-1.16
26.38
8.08
-8.93
75.29
35.26
26.99
19.51
-4.29
3.29
3.6
13.54
23.15
26.04

Capital Structure

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
92
85
80
LT Borrowings
- -
- -
- -
LT Finance Leases
110
96
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
445
445
445
Market Capitalization
1,596,379
1,863,183
1,649,740

Working Capital

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
257,832
313,687
353,883
Cash, Cash Equivalents & STI
121,540
172,521
199,459
Accounts Receivable, Net
118,821
125,465
139,272
Inventories
- -
- -
- -
Total Current Liabilities
198,646
205,017
179,275
Payables & Accruals
- -
- -
- -
ST Debt
92
85
80
Deferred Revenue
- -
- -
- -

Growth Rates

ARS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
209.16%
96.59%
6.08%
Free Cash Flow
156.54%
317.22%
8.92%
Net Income, GAAP
-665.37%
74.99%
110.42%
Sales/Revenue/Turnover
96.92%
100.61%
28.12%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
81,724
103,120
104,015
108,695
447,360
2025
134,410
155,631
138,613
197,445
573,145
2026
181,426
195,089
- -
- -
- -

Quarterly Earnings Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36.23
39.18
52.26
55.96
207.8
2025
91.27
122.48
112.11
150.84
437.24
2026
143.76
161.54
- -
- -
- -

Quarterly Dividends Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
23.71
325.51
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pablo F. Tarca
Full Time Employees
1,626
Sector
Utilities
Industry
Electric utilities
Address
Maipú 1 Buenos Aires BA Argentina C1084ABA
IPO Date
Jul 31, 2000
Business
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. (Transener) operates as Argentina's leading provider of extra high-voltage electricity transmission services, managing the national extra high-voltage network under a 95-year concession granted upon privatization in 1993 with headquarters in Buenos Aires. The company owns and maintains approximately 12,400 kilometers of high-voltage transmission lines at 500 kV and 220 kV along with 53 substations, plus an additional 6,228 kilometers of 220 kV, 132 kV, and 66 kV lines and 112 substations operated by its subsidiary Transba S.A., which handles trunk distribution in the Province of Buenos Aires serving around 39% of Argentina's population; Transener also supervises grid expansions by independent transmitters covering the remaining network, provides engineering and consulting services, testing and commissioning, operation and maintenance for third parties including construction-operation-maintenance contracts, technical assistance, equipment installation and training, and dark fiber leasing via communications facilities. Transener serves key wholesale electricity market participants such as generators, large users, distributors, and international interconnectors across Argentina with primary customers including Minera Alumbrera Ltd., AES Argentina Generación S.A., Nucleoeléctrica Argentina S.A., Silica Networks Argentina S.A., and Capex S.A., while its operations remain regulated by the Ente Nacional Regulador de la Electricidad (ENRE) as a subsidiary of Compañía Inversora en Transmisión Eléctrica Citelec S.A. In 2025, Transener underwent a comprehensive Five-Year Tariff Review process culminating in significant adjustments starting May 2025 with initial 42.89% increases phased monthly through December alongside index-linked mechanisms based on consumer and wholesale prices, including subsequent hikes such as 7.25% in June, 4.64% in July, 6.02% in August, 6.95% in September, 7.12% in October, and 7.61% in November; the ENRE granted partial reconsiderations in August modifying cost structures and investment plans for the May 2025-April 2030 period without altering total revenues, while Transener advanced capital expenditure commitments totaling AR$88,726 million as of September 30, 2025, supervising major projects like Olavarría and Ezeiza substation repowerings, new San Juan and Ramallo substations, and various Transba expansions such as Ayacucho and Cangrejales substations; additionally, the National Securities Commission authorized a USD300 million global bond issuance program in October 2024.