Pampa Energía S.A (9PAA) - Net Assets
Based on the latest financial reports, Pampa Energía S.A (9PAA) has net assets worth €3.79 Billion EUR (≈ $4.43 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.02 Billion ≈ $8.20 Billion USD) and total liabilities (€3.23 Billion ≈ $3.77 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Pampa Energía S.A tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.79 Billion |
| % of Total Assets | 54.01% |
| Annual Growth Rate | -14.04% |
| 5-Year Change | 101.17% |
| 10-Year Change | N/A |
| Growth Volatility | 86.19 |
Pampa Energía S.A - Net Assets Trend (2016–2025)
This chart illustrates how Pampa Energía S.A's net assets have evolved over time, based on quarterly financial data. See 9PAA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pampa Energía S.A (2016–2025)
The table below shows the annual net assets of Pampa Energía S.A from 2016 to 2025. For live valuation and market cap data, see 9PAA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.60 Billion ≈ $4.21 Billion |
+9.41% |
| 2024-12-31 | €3.29 Billion ≈ $3.85 Billion |
+36.55% |
| 2023-12-31 | €2.41 Billion ≈ $2.82 Billion |
+5.65% |
| 2022-12-31 | €2.28 Billion ≈ $2.67 Billion |
+27.46% |
| 2021-12-31 | €1.79 Billion ≈ $2.10 Billion |
-98.80% |
| 2020-12-31 | €148.88 Billion ≈ $174.05 Billion |
+3.18% |
| 2019-12-31 | €144.29 Billion ≈ $168.69 Billion |
+113.18% |
| 2018-12-31 | €67.68 Billion ≈ $79.13 Billion |
+236.53% |
| 2017-12-31 | €20.11 Billion ≈ $23.51 Billion |
+42.90% |
| 2016-12-31 | €14.07 Billion ≈ $16.45 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Pampa Energía S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 91.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €351.00 Million | 9.76% |
| Other Components | €3.25 Billion | 90.24% |
| Total Equity | €3.60 Billion | 100.00% |
Pampa Energía S.A Competitors by Market Cap
The table below lists competitors of Pampa Energía S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Veeco Instruments Inc
NASDAQ:VECO
|
$3.74 Billion |
|
Kontoor Brands Inc
NYSE:KTB
|
$3.74 Billion |
|
Guangzhou Haozhi Industrial Co Ltd
SHE:300503
|
$3.74 Billion |
|
Quebecor Inc
TO:QBR-A
|
$3.75 Billion |
|
Ganfeng Lithium Co. Ltd
F:39EA
|
$3.73 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
$3.73 Billion |
|
USA Compression Partners LP
NYSE:USAC
|
$3.73 Billion |
|
China Galaxy Securities Co Ltd
F:CGL
|
$3.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pampa Energía S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,286,000,000 to 3,596,000,000, a change of 310,000,000 (9.4%).
- Net income of 377,000,000 contributed positively to equity growth.
- Dividend payments of 1,000,000 reduced retained earnings.
- Share repurchases of 47,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €377.00 Million | +10.48% |
| Dividends Paid | €1.00 Million | -0.03% |
| Share Repurchases | €47.00 Million | -1.31% |
| Other Changes | €-19.00 Million | -0.53% |
| Total Change | €- | 9.43% |
Book Value vs Market Value Analysis
This analysis compares Pampa Energía S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 27.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 8.04x to 27.98x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €9.21 | €74.00 | x |
| 2018-12-31 | €27.49 | €74.00 | x |
| 2019-12-31 | €68.46 | €74.00 | x |
| 2020-12-31 | €82.86 | €74.00 | x |
| 2021-12-31 | €1.29 | €74.00 | x |
| 2022-12-31 | €1.65 | €74.00 | x |
| 2023-12-31 | €1.77 | €74.00 | x |
| 2024-12-31 | €2.42 | €74.00 | x |
| 2025-12-31 | €2.64 | €74.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pampa Energía S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.87%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.83x
- Recent ROE (10.48%) is below the historical average (13.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.10% | -0.04% | 0.40x | 6.99x | €-1.12 Billion |
| 2017 | 27.24% | 9.15% | 0.48x | 6.18x | €2.92 Billion |
| 2018 | 16.37% | 7.66% | 0.51x | 4.15x | €3.28 Billion |
| 2019 | 36.10% | 24.40% | 0.50x | 2.97x | €29.97 Billion |
| 2020 | -26.15% | -41.03% | 0.19x | 3.42x | €-43.47 Billion |
| 2021 | 15.29% | 18.10% | 0.39x | 2.16x | €94.40 Million |
| 2022 | 20.03% | 24.93% | 0.39x | 2.08x | €228.30 Million |
| 2023 | 12.56% | 17.44% | 0.37x | 1.96x | €61.60 Million |
| 2024 | 18.84% | 33.00% | 0.30x | 1.93x | €290.40 Million |
| 2025 | 10.48% | 18.87% | 0.30x | 1.83x | €17.40 Million |
Industry Comparison
This section compares Pampa Energía S.A's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $396,529,424,889
- Average return on equity (ROE) among peers: 3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pampa Energía S.A (9PAA) | €3.79 Billion | -0.10% | 0.85x | $3.74 Billion |
| CK HUTCHISON HLDGS ADR 1 (2CKA) | $647.31 Billion | 5.67% | 0.77x | $26.54 Billion |
| NRW Holdings Limited (3NR) | $291.45 Million | 11.07% | 1.02x | $1.52 Billion |
| Orbia Advance Corporation S.A.B. de C.V (4FZ) | $3.27 Billion | 1.99% | 2.53x | $2.11 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $110.31 Billion | 7.93% | 2.42x | $505.15 Million |
| ASAHI KASEI CORP. ADR/2 (ASA) | $1.85 Trillion | 2.37% | 0.98x | $11.73 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.05 Billion | 5.85% | 4.38x | $38.60 Million |
| BayWa AG vNa (BYW6) | $1.71 Billion | -5.73% | 6.31x | $175.44 Million |
| HPI AG (CEW3) | $0.00 | 0.00% | 0.00x | $215.77K |
| CITIC LTD. ADR/5 HD-40 (CPF0) | $956.20 Billion | 6.00% | 8.14x | $39.45 Billion |
About Pampa Energía S.A
Pampa Energía S.A. operates as an integrated power company in Argentina. The company operates through Oil and Gas; Generation; Petrochemicals; and Holding, Transportation and Others segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,472 megawatt (MW) installed capacity. The company also explores for and produces oil and gas in the provinces of… Read more