Stock fact sheet · data as of
Central Puerto S.A. (CEPU): fair value, margin of safety and Wheel Score
Ticker symbol CEPU · Utilities · Regulated Electric · Argentina · ADR · Blend Income
CEPU is an American depositary share (ADR): the US listing of Central Puerto S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is CEPU undervalued?
At 10.13 (close of 5 Nov 2026), CEPU trades 77% below the GLS average fair value of 44.04. That average comes from 9 models run on the latest filings, and 7 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Central Puerto S.A. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between Payback Time (6.08) and DCF (159.93). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for CEPU, so the nightly engine files it under Blend (value score 89, growth score 88, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for CEPU
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 159.93 | +1479% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.74 | +115% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 30.87 | +205% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.65 | -24% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 117.15 | +1056% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 16.09 | +59% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 6.08 | -40% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 15.61 | +54% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 21.26 | +110% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.43 | -114% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 12.00 | +18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Central Puerto S.A. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 7.6/10 puts CEPU among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are moderate - ROIC 11.4%, ROE 13.6%, ROA 9.4% - with debt at 0.19 times equity and a free-cash-flow yield of 1.4%.
The dividend yield is high at 10.47% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Sales Under Contract 90%, Steam Sales 10% (fiscal year FY2025).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 11.4% |
|---|---|---|---|
| GLS Moat | 7.6 / 10 | ROE | 13.6% |
| Debt / equity | 0.19 | ROA | 9.4% |
| Free-cash-flow yield | 1.4% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 46: Weak
With a Wheel Score of 46 Central Puerto S.A. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (4,103 open interest, 82 a day); and filter 6, no serious red flags - Red Flags score 50 (under 60); Red Flags (weak) is its weakest part.
Implied volatility is 54% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,103 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 312k shares a day on a market cap of $1.5B, with a beta of -0.18 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (4,103 open interest, 82 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 50 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 77% below fair value | |
| Premium | Strong | implied volatility 54% | |
| Moat | Good | moat 7.6/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 50/100 | |
| Option trading | Weak | 82 contracts a day, 4,103 open interest | |
| Stability | Fair | beta -0.18, $1.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Central Puerto S.A. reports earnings on 11 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Regulated Electric
The 12 companies below are the closest to Central Puerto S.A. by market cap within the Regulated Electric industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HE Hawaiian Electric Industries, Inc. | 8.50 | 12.01 | +29% | 41Weak | $1.5B |
| ELPC Companhia Paranaense de Energia | 10.67 | 18.32 | +42% | 34No options | $2.0B |
| WELPP Wisconsin Electric Power Company PFD 3.60% | 62.00 | 391.26 | +84% | 28No options | $2.1B |
| WELPM Wisconsin Electric Power Company | 103.90 | 616.45 | +83% | 32No options | $2.1B |
| EAI Entergy Arkansas, Inc. 1M BD 4.875%66 | 18.51 | 1,715.61 | +99% | 25No options | $870M |
| MGEE MGE Energy, Inc. | 77.59 | 45.16 | -72% | 34Weak | $2.9B |
| DTB DTE Energy Company 2020 Series | 15.16 | 32.27 | +53% | 34No options | $3.2B |
| DTG DTE Energy Company 2021 Series | 15.36 | 32.35 | +53% | 33No options | $3.2B |
| EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | 14.90 | 114.13 | +87% | 31No options | $720M |
| PAM Pampa Energía S.A. | 64.84 | 137.06 | +53% | 49Weak | $3.5B |
| SOJF Southern Company 6.5 % Notes 2025-15.03.85 | 23.02 | 34.97 | +34% | 26No options | $520M |
| NWE Northwestern Energy Group Inc | 82.00 | 33.17 | -147% | 33Weak | $5.0B |
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Start free See the Sunday ScanQuestions about CEPU
Is CEPU undervalued right now?
By the GLS models, yes: at 10.13 the stock is 77% below the average fair value of 44.04 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CEPU and what does it mean?
CEPU scores 46 out of 100 (Weak) - it fails Wheel Trade Filters 1, 6. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CEPU?
44.04 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Central Puerto S.A. report earnings next?
The next earnings report is due on 11 Nov 2026 (after the close), 6 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CEPU have listed options, and how liquid are they?
Yes. The nightly snapshot found 18 listed contracts with 4,103 open interest across all expiries and implied volatility of 54% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is CEPU an ADR?
Yes. CEPU is an American depositary share (ADR): the US listing of Central Puerto S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.