Education
About Us
Working with TipRanks
Follow Us
YPF Sociedad Anonima (YPF)
NYSE:YPF
Top Page
YPF Sociedad Anonima
(NYSE:YPF)
63Neutral
Positive Factors
Earnings
The downstream segment delivered adjusted EBITDA of US$382mn, above the estimate of US$325mn.
Strategic Partnerships
YPF has just announced a project development agreement with Shell for the first phase of its Argentina LNG project, which is expected to enhance its growth prospects.
Negative Factors
Financial Performance
YPF's 4Q24 adjusted EBITDA came in at US$839mn, 6% below expectations and 10% below consensus.
YPF Sociedad Anonima (YPF) vs. S&P 500 (SPY)
Market Cap
$14.28B
Dividend YieldN/A
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth7.22%
EPS Growth-221.72%
CountryUS
Employees25,711
SectorEnergy
Sector Strength73
IndustryFossil Fuels
Share Statistics
EPS (TTM)-2.79
Shares Outstanding393,261,000
10 Day Avg. Volume1,825,908
30 Day Avg. Volume1,871,442
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.76
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$56.17Price Target Upside76.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
YPF Sociedad Anonima Business Overview & Revenue Model
Company DescriptionYPF Sociedad Anonima (YPF) is a leading Argentine energy company engaged primarily in the exploration, development, and production of oil and gas. Founded in 1922, YPF operates across the entire hydrocarbon value chain, including upstream, downstream, and midstream activities. The company is also involved in the production of petrochemicals and in the generation of renewable energy. YPF plays a crucial role in Argentina's energy sector, being a key provider of fuel and energy solutions for the nation.
How the Company Makes MoneyYPF makes money primarily through its upstream, downstream, and midstream operations. In the upstream segment, the company generates revenue by exploring and producing crude oil and natural gas, which it sells to various domestic and international markets. The downstream segment is a significant revenue stream, where YPF refines crude oil into a range of petroleum products, such as gasoline, diesel, and lubricants, which are distributed through an extensive network of service stations across Argentina. Additionally, YPF sells petrochemical products and chemicals derived from its refining and processing activities. The company's midstream operations include the transportation and storage of oil and gas, which support its upstream and downstream activities. YPF also benefits from its involvement in renewable energy generation, contributing to diversified income sources. Key partnerships with other energy companies and strategic investments in technology and infrastructure also enhance YPF's capacity to generate revenue and optimize operations.
YPF Sociedad Anonima Financial Statement Overview
Summary
YPF shows notable revenue growth and operational efficiency, but profitability is challenged by net losses. High leverage is a risk factor, though the equity position is strong. Cash flow generation remains solid, providing a cushion against profitability issues.Income Statement
YPF has shown a significant increase in revenue from the previous year, indicating strong growth. However, the net profit margin is negative due to the net loss, which reflects underlying profitability challenges. The gross profit margin remains positive, suggesting some operational efficiency.65
Positive
Balance Sheet
The company's debt-to-equity ratio is relatively high, indicating substantial leverage, which could pose financial risk. However, the equity ratio is strong, demonstrating a solid capital base. The negative net income impacts return on equity, making it an area of concern.58
Neutral
Cash Flow
YPF's operating cash flow is positive and robust compared to net income, suggesting strong cash generation capability. However, free cash flow growth has been modest, reflecting high capital expenditures. Overall, cash flow stability is maintained.72
Positive
| Breakdown | ||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 10.89T | 5.39T | 2.48T | 1.24T | 659.60B | Gross Profit |
| 3.54T | 1.88T | 602.50B | 214.89B | 33.39B | EBIT |
| 1.90T | 1.06T | 399.20B | 148.95B | -38.31B | EBITDA |
| 2.19T | 516.11B | 850.73B | 424.00B | 205.22B | Net Income Common Stockholders |
| -541.57B | -1.56T | 289.06B | -808.00M | -71.02B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.37T | 1.39B | 193.36B | 113.69B | 83.55B | Total Assets |
| 22.85T | 25.04B | 4.59T | 2.39T | 1.92T | Total Debt |
| 8.10T | 8.86B | 1.36T | 812.84B | 724.58B | Net Debt |
| 6.98T | 7.73B | 1.22T | 750.16B | 669.96B | Total Liabilities |
| 14.30T | 15.98B | 2.72T | 1.54T | 1.24T | Stockholders Equity |
| 8.46T | 7.22T | 1.85T | 839.89B | 677.23B |
| Cash Flow | Free Cash Flow | |||
| -168.51B | 240.00M | 204.53B | 165.21B | 94.60B | Operating Cash Flow |
| 2.01T | 5.91B | 736.66B | 400.01B | 209.22B | Investing Cash Flow |
| -2.19T | -5.33B | -523.02B | -243.99B | -109.16B | Financing Cash Flow |
| 491.25B | 278.00M | -157.10B | -150.66B | -121.11B |
YPF Sociedad Anonima Technical Analysis
Negative
31.89
Price Trends
39.35
Negative
36.67
Negative
29.05
Positive
Market Momentum
-1.86
Positive
29.43
Positive
19.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YPF, the sentiment is Negative. The current price of 31.89 is below the 20-day moving average (MA) of 35.28, below the 50-day MA of 39.35, and above the 200-day MA of 29.05, indicating a neutral trend. The MACD of -1.86 indicates Positive momentum. The RSI at 29.43 is Positive, neither overbought nor oversold. The STOCH value of 19.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YPF.
YPF Sociedad Anonima Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $118.20B | 11.61 | 16.16% | 3.36% | -2.57% | -14.01% | |
77 Outperform | $78.01B | 12.14 | 10.52% | 20.88% | -7.42% | -38.32% | |
77 Outperform | $19.70B | 5.46 | 18.70% | 16.13% | -2.35% | -20.54% | |
73 Outperform | $63.13B | 10.91 | 13.82% | 4.51% | 3.25% | -25.69% | |
67 Neutral | $32.88B | 10.91 | 10.88% | 3.97% | 3.97% | -22.22% | |
63 Neutral | $14.28B | ― | -9.39% | ― | 7.22% | -221.72% | |
57 Neutral | $8.36B | 5.49 | -6.03% | 7.47% | 0.03% | -68.64% |
* Energy Sector Average
Performance Comparison
YPF
YPF Sociedad Anonima
31.89
13.78
76.09%
COP
Conocophillips
95.41
-18.83
-16.48%
EC
Ecopetrol SA
9.62
0.28
3.00%
PBR
Petroleo Brasileiro SA- Petrobras
12.61
0.28
2.27%
TSE:CVE
Cenovus Energy
18.70
-5.28
-22.02%
TSE:SU
Suncor Energy
51.03
5.08
11.06%
YPF Sociedad Anonima Earnings Call Summary
Earnings Call Date: Mar 6, 2025 | % Change Since: -4.55% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Positive
The earnings call highlighted YPF's significant achievements in increasing shale oil production and improving financial metrics, alongside successful debt management. However, the company faced challenges with negative free cash flow and decreased fuel sales volumes, largely impacted by mature fields and external factors. Despite these issues, the overall progress and strategic initiatives suggest a positive outlook.Highlights
Significant Increase in Shale Oil Production
YPF achieved an impressive output of 122,000 barrels per day in 2024, marking a 26% increase compared to 2023. As of the call, net production is above 150,000 barrels per day.
Record High Refinery Processing Levels
YPF reached a record high in the processing level of its refinery, exceeding 300,000 barrels per day in 2024, with a refinery utilization of 92%.
Improved Financial Metrics
Net results improved substantially, posting a gain of $2.4 billion in 2024 compared to a loss of $1.3 billion in the previous year.
Successful Debt Management
YPF successfully issued a nine-year unsecured international bond for $1.1 billion at a yield of 8.5%, part of a strategy that reduced the net leverage ratio to 1.6 times.
Lowlights
Negative Free Cash Flow
YPF reported a negative free cash flow of $760 million in 2024, impacted by $433 million from mature fields and $85 million from Patagonia weather.
Challenges in Fuel Demand
Fuel sales volumes decreased by 7% in 2024, attributed to an exceptional high level of demand in 2023 driven by low prices.
Mature Fields Impact on Financial Performance
Approximately $300 million negative EBITDA was attributed to mature fields.
Company Guidance
In the YPF Fourth Quarter and Full Year 2024 Earnings Call, the company provided comprehensive guidance on their strategic and financial outlook. The 4X4 plan aims to significantly increase the value of the company by reshaping the oil production matrix, transitioning from conventional mature fields to enhancing the shale oil production share to at least 80%. YPF has made substantial progress, having signed agreements for 24 out of 49 mature blocks and nearing completion on others. The VMOS pipeline project is set to ramp up production to 180,000 barrels per day by late 2026 and over half a million barrels by late 2027. The company recorded a record high refinery utilization rate of 92% and achieved a record production level of 5,605 cubic meters per day of premium diesel. Financially, YPF marked a robust year with revenues reaching $19.3 billion, an 11% increase, and an adjusted EBITDA of $4.7 billion, a 15% rise. They also completed significant financing transactions, including a $1.1 billion bond issuance. Looking forward, YPF anticipates further growth in shale oil production, aiming for over 160,000 barrels per day in 2025, focusing investment on their core Vaca Muerta assets, and maintaining a strong competitive position within the Argentine energy market.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.