Capex S.A (CAPX) — Free Cash Flow Generation Index

Latest as of January 2026: -3.06x

Capex S.A (CAPX) has a Free Cash Flow Generation Index of -3.06x as of January 2026. Free cash flow of AR$-21.50 Billion represents -3% of operating cash flow (AR$7.03 Billion). Explore capital reinvestment ratio of Capex S.A to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

-3.06x
Free Cash Flow / Operating CF

Free Cash Flow

AR$-21.50 Billion
ARS

Operating Cash Flow

AR$7.03 Billion
ARS

Capital Expenditures

AR$28.53 Billion
ARS

Capex S.A Free Cash Flow Generation Index (2016–2025)

Historical FCF Generation Index trend for Capex S.A across 10 annual periods. For the full cash flow conversion analysis, see how efficiently does Capex S.A generate cash.

Annual Free Cash Flow Generation for Capex S.A (2016–2025)

Year-by-year Free Cash Flow Generation Index for Capex S.A. Check total reinvestment intensity of Capex S.A to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (ARS) Operating CF Capital Expenditures YoY Change
2025 -0.02x AR$-3.68 Billion AR$174.40 Billion AR$178.07 Billion ▲ +98.3%
2024 -1.24x AR$-97.14 Billion AR$78.50 Billion AR$175.65 Billion ▼ -420.7%
2023 -0.24x AR$-6.97 Billion AR$29.33 Billion AR$36.29 Billion ▼ -311.9%
2022 0.11x AR$4.15 Billion AR$37.01 Billion AR$32.86 Billion ▼ -72.1%
2021 0.40x AR$2.12 Billion AR$5.26 Billion AR$3.14 Billion ▲ +524.4%
2020 -0.09x AR$-373.79 Million AR$3.94 Billion AR$4.32 Billion ▼ -147.4%
2019 0.20x AR$1.39 Billion AR$6.95 Billion AR$5.44 Billion ▼ -59.1%
2018 0.49x AR$1.66 Billion AR$3.40 Billion AR$1.75 Billion ▼ -14.2%
2017 0.57x AR$1.16 Billion AR$2.03 Billion AR$976.94 Million ▼ -67.7%
2016 1.77x AR$1.46 Billion AR$824.40 Million AR$633.36 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).