Capex S.A (CAPX) — Cash Flow Reinvestment Rate

Latest as of January 2026: 8.10x

Capex S.A (CAPX) has a Cash Flow Reinvestment Rate of 8.10x as of January 2026, reinvesting AR$56.98 Billion (capex AR$28.53 Billion plus investments AR$-28.45 Billion) from operating cash flow of AR$7.03 Billion. Check Capex S.A earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

8.10x
(Capex + Investments) / Operating CF

Total Reinvested

AR$56.98 Billion
Capex + Investments

Operating Cash Flow

AR$7.03 Billion
ARS

Capital Expenditures

AR$28.53 Billion
ARS

Capex S.A Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Capex S.A across 10 annual periods. Explore Capex S.A strategic investment ratio to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Capex S.A (2016–2025)

Year-by-year capital reinvestment analysis for Capex S.A. For live market cap and broader valuation context, see Capex S.A (CAPX) total market value.

Year Reinvestment Rate Total Reinvested (ARS) Operating CF Capex YoY Change
2025 1.06x AR$184.39 Billion AR$174.40 Billion AR$178.07 Billion ▼ -53.7%
2024 2.28x AR$179.31 Billion AR$78.50 Billion AR$175.65 Billion ▲ +21.7%
2023 1.88x AR$55.06 Billion AR$29.33 Billion AR$36.29 Billion ▲ +14.2%
2022 1.64x AR$60.83 Billion AR$37.01 Billion AR$32.86 Billion ▲ +40.6%
2021 1.17x AR$6.14 Billion AR$5.26 Billion AR$3.14 Billion ▼ -62.0%
2020 3.08x AR$12.13 Billion AR$3.94 Billion AR$4.32 Billion ▲ +166.6%
2019 1.15x AR$8.02 Billion AR$6.95 Billion AR$5.44 Billion ▲ +100.0%
2018 0.58x AR$1.96 Billion AR$3.40 Billion AR$1.75 Billion ▲ +10.2%
2017 0.52x AR$1.06 Billion AR$2.03 Billion AR$976.94 Million ▼ -66.0%
2016 1.54x AR$1.27 Billion AR$824.40 Million AR$633.36 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow