Fear isHere! Reminds one of Stock Panic few summers ago
Business Summary Empresa Distribuidora y Comercializadora Norte SA (EDENOR) is an Argentina-based company engaged, together with its fully consolidated subsidiaries Aeseba SA (AESEBA) and Empresa Distribuidora Electrica Regional SA (EMDERSA), in the distribution of electric power. ...................... The Company operates in a concession area, which comprises several municipalities of the Greater Buenos Aires metropolitan area. ................... On April 5, 2013 it has completed the sale of a 100% stake in AESEBA SA to Servicios Electricos Norte BA SL (Servicios). ........................ On October 30, 2013, the Company completed the sale of an indirect stake the Company had held in Empresa Distribuidora Electrica Regional SA (EMDERSA), a parent company of Empresa Distribuidora de Electricidad de La Rioja (EDELAR), to Energia Riojana SA. ........................... Share Performance Price (ARS): 6.35 52 Week High: 6.97 Currency: ARS Volume (millions): 1.0 52 Week Low: 0.75 ........................ Financial Summary BRIEF: For the three months ended 31 March 2014, EDENOR S.A. revenues increased 8% to P $900.6M. Net loss before extraordinary items increased 78% to P$738.6M. .................... Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. ........................ Higher net loss reflects Other Net Financial Income/Expense increase from P$61.5M to P$247.5M (expense), Other Transmission & Distribution Expens increase of 42% to P$539.3M (expense). ...................... Valuation Ratios Price/Earnings 6.27 Price/Sales 0.81 Price/Book 2.36 Price/Cashflow 2.57 ....................... Per Share Data Earnings 1.00 Sales 3.98 Book Value (MRI) 1.31 Cash Flow 1.25 Cash (MRI) 0.51 Profitability Ratios (%) Gross Margin -- .................. Operating Margin 38.21 Net Profit Margin 25.22 Management Effectiveness (%) ................................... Return on Equity (MRI) 108.73 .......................... Morningstar values EDN at Fair Value $10.61 Return on Assets (MRI) 12.28 Return on Investment (MRI) 20.06