Recent News
On March 26, 2026 YPF filed its annual Form 20-F for the fiscal year ended December 31, 2025, including audited financial statements. On March 27, 2026 a U.S. appeals court overturned a prior $16.1 billion judgment related to earlier nationalization disputes. Earlier, on February 12, 2026 the company announced a joint-development agreement tied to an LNG export initiative and project documentation reflecting early project structuring.
Technical Analysis
The ADX sits at 19.88, below 20, indicating no established trend; momentum appears setup-driven rather than trend-following. DI+ at 28.91 and increasing signals directional buying pressure; DI- peaked and reversed at 22.17, which aligns with reduced downside directional pressure.
MACD reads 0.65 with a signal line at 0.70 and shows a recent dip-and-reversal pattern; momentum moved from lower levels but MACD remains marginally below its signal line, so bullish momentum exists but lacks a confirmed MACD-line crossover.
The Momentum/Regression Oscillator stands at 29.0 (positive), which implies price sits above the short-term target and faces some mean-reversion risk; however the oscillator’s recent dip-and-reversal suggests that downward pressure has lessened and momentum may consolidate near current levels.
RSI at 57.48 and rising indicates constructive buying without overbought extremes. Price closed at $44.81, above the 20-day average ($42.66), 50-day average ($40.68) and 200-day average ($34.87); the 12-day EMA ($43.12) exceeds the 26-day EMA ($42.50) and the 12-day EMA trend increases, supporting a near-term upward bias versus longer-term averages.
Price trades near the upper Bollinger band (upper 1σ = $43.92; upper 2σ = $45.17), implying tighter trading range and elevated short-term volatility. SuperTrend lower support sits at $40.76. Short-term beta is negative over 42 days (-0.96) while 52-week beta at 0.51 shows modest positive sensitivity to the market over the year; daily volume (2,654,991) exceeds the 10-day average (1,962,170) and the 200-day average (2,210,720), indicating above-normal participation on recent moves.
Fundamental Analysis
Revenue totaled $4,544,000,000. YoY revenue growth reads -79.086% and overall revenue growth stands at -2.132% (reported metric), requiring careful interpretation given substantial reported YoY movement. Gross profit reached $1,312,000,000 and gross margin at 28.873%, above the industry peer mean of 21.432%, contributing positively to operating leverage despite lower top-line comparisons.
Operating income $449,000,000 produces an operating margin of 9.881%; this margin essentially matches the industry peer mean of 9.997% (operating margin mean), showing parity on core operations even as operating margin YoY moved -266.684% and QoQ declined by -17.638 percentage points. EBIT equals $606,000,000 and the EBIT margin at 13.336% sits above the industry peer mean of 11.398%; QoQ EBIT margin rose by 3.887% while the YoY EBIT margin change registers -324.966% in the supplied metrics.
Net income recorded a loss of $654,000,000; EPS actual stands at -$1.67 versus an estimate of $0.78, a shortfall of $2.45 or an EPS surprise of -314.103%. Free cash flow measured $318,000,000 with a free cash flow yield of 2.231%, above the industry peer mean of 1.480%, and free cash flow growth of 312.987% in the provided metric—factors that strengthen near-term liquidity despite reported accounting losses.
Leverage and coverage present mixed signals. Total debt $11,152,000,000 gives net debt $9,648,000,000 and debt-to-EBITDA of 8.08x; interest coverage equals 2.85x, below the industry peer mean of 6.16x, while debt-to-equity at 1.031 exceeds the industry peer mean of 0.674. Current ratio sits at 0.87, below the industry peer mean of 1.225, and quick ratio 0.676 below the industry peer mean of 0.902, indicating tighter short-term liquidity cushions versus typical peers despite positive operating cash flow of $1,738,000,000.
Returns remain negative: return on equity at -6.048% and return on assets at -2.217%, though both show recent QoQ improvements (ROE QoQ +234.884%, ROA QoQ +215.363% in the supplied metrics). Capital expenditure amounted to -$1,420,000,000 with capex-to-revenue at -31.25%, reflecting heavy investment into upstream and LNG-related capacity.
Valuation context: WMDST values the stock as under-valued. Market cap totals $14,251,552,348 while enterprise value equals $24,208,552,348; enterprise multiple reads 17.54 and EV-to-revenue (EVR) stands at 5.33. Price-to-book at 1.32 sits below the industry peer mean price-to-book of 1.86, while forward PE sits near 25.55 and forward EPS at $1.56—tension exists between negative trailing earnings and a positive forward earnings profile driven by projected recovery metrics embedded in forward estimates.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-27 |
| NEXT REPORT DATE: | 2026-05-29 |
| CASH FLOW | Begin Period Cash Flow | $ 799.0 M |
| Operating Cash Flow | $ 1.7 B | |
| Capital Expenditures | $ -1.42 B | |
| Change In Working Capital | $ -88.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 134.0 M | |
| End Period Cash Flow | $ 933.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.5 B | |
| Forward Revenue | $ -1.06 B | |
| COSTS | ||
| Cost Of Revenue | $ 3.2 B | |
| Depreciation | $ 757.0 M | |
| Depreciation and Amortization | $ 774.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 4.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.3 B | |
| EBITDA | $ 1.4 B | |
| EBIT | $ 606.0 M | |
| Operating Income | $ 449.0 M | |
| Interest Income | $ 25.0 M | |
| Interest Expense | $ 213.0 M | |
| Net Interest Income | $ -249.00 M | |
| Income Before Tax | $ 393.0 M | |
| Tax Provision | $ 1.0 B | |
| Tax Rate | 35.0 % | |
| Net Income | $ -654.00 M | |
| Net Income From Continuing Operations | $ -649.00 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.78 | |
| EPS Actual | $ -1.67 | |
| EPS Difference | $ -2.45 | |
| EPS Surprise | -314.103 % | |
| Forward EPS | $ 1.56 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 29.4 B | |
| Intangible Assets | $ 432.0 M | |
| Net Tangible Assets | $ 10.4 B | |
| Total Current Assets | $ 6.5 B | |
| Cash and Short-Term Investments | $ 1.2 B | |
| Cash | $ 933.0 M | |
| Net Receivables | $ 2.2 B | |
| Inventory | $ 1.4 B | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 2.2 B | |
| Short-Term Debt | $ 2.4 B | |
| Total Current Liabilities | $ 7.4 B | |
| Net Debt | $ 9.6 B | |
| Total Debt | $ 11.2 B | |
| Total Liabilities | $ 18.4 B | |
| EQUITY | ||
| Total Equity | $ 10.8 B | |
| Retained Earnings | $ -756.00 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 27.56 | |
| Shares Outstanding | 392.411 M | |
| Revenue Per-Share | $ 11.58 | |
| VALUATION | Market Capitalization | $ 14.3 B |
| Enterprise Value | $ 24.2 B | |
| Enterprise Multiple | 17.542 | |
| Enterprise Multiple QoQ | -52.498 % | |
| Enterprise Multiple YoY | -127.534 % | |
| Enterprise Multiple IPRWA | high: 50.173 median: 33.466 mean: 27.354 YPF: 17.542 low: -72.641 |
|
| EV/R | 5.328 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.722 | |
| Asset To Liability | 1.6 | |
| Debt To Capital | 0.508 | |
| Debt To Assets | 0.379 | |
| Debt To Assets QoQ | -0.308 % | |
| Debt To Assets YoY | 493.483 % | |
| Debt To Assets IPRWA | high: 0.65 YPF: 0.379 mean: 0.212 median: 0.204 low: 0.006 |
|
| Debt To Equity | 1.031 | |
| Debt To Equity QoQ | 4.668 % | |
| Debt To Equity YoY | 540.534 % | |
| Debt To Equity IPRWA | high: 2.421 YPF: 1.031 mean: 0.674 median: 0.434 low: 0.008 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.318 | |
| Price To Book QoQ | 27.471 % | |
| Price To Book YoY | 6.542 % | |
| Price To Book IPRWA | high: 4.744 median: 1.895 mean: 1.862 YPF: 1.318 low: -1.67 |
|
| Price To Earnings (P/E) | -21.747 | |
| Price To Earnings QoQ | -55.022 % | |
| Price To Earnings YoY | -56.091 % | |
| Price To Earnings IPRWA | high: 140.369 mean: 65.688 median: 62.75 YPF: -21.747 low: -120.105 |
|
| PE/G Ratio | -0.128 | |
| Price To Sales (P/S) | 3.136 | |
| Price To Sales QoQ | 23.509 % | |
| Price To Sales YoY | 3.514 % | |
| Price To Sales IPRWA | high: 39.166 mean: 7.496 median: 6.546 YPF: 3.136 low: -2.28 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 25.55 | |
| Forward PE/G | 0.151 | |
| Forward P/S | -15.634 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.787 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.154 | |
| Asset Turnover Ratio QoQ | -2.839 % | |
| Asset Turnover Ratio YoY | -5.868 % | |
| Asset Turnover Ratio IPRWA | high: 0.548 median: 0.17 mean: 0.167 YPF: 0.154 low: -0.206 |
|
| Receivables Turnover | 2.208 | |
| Receivables Turnover Ratio QoQ | -11.524 % | |
| Receivables Turnover Ratio YoY | -58.574 % | |
| Receivables Turnover Ratio IPRWA | high: 5.614 YPF: 2.208 mean: 2.157 median: 1.976 low: 0.195 |
|
| Inventory Turnover | 2.172 | |
| Inventory Turnover Ratio QoQ | -1.476 % | |
| Inventory Turnover Ratio YoY | -5.768 % | |
| Inventory Turnover Ratio IPRWA | high: 18.206 mean: 2.972 median: 2.518 YPF: 2.172 low: 0.238 |
|
| Days Sales Outstanding (DSO) | 41.328 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 19.677 | |
| Cash Conversion Cycle Days QoQ | 90.205 % | |
| Cash Conversion Cycle Days YoY | -243.824 % | |
| Cash Conversion Cycle Days IPRWA | high: 120.172 YPF: 19.677 median: 10.799 mean: 2.776 low: -122.473 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -4.704 | |
| CapEx To Revenue | -0.312 | |
| CapEx To Depreciation | -1.876 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 19.0 B | |
| Net Invested Capital | $ 21.4 B | |
| Invested Capital | $ 21.4 B | |
| Net Tangible Assets | $ 10.4 B | |
| Net Working Capital | $ -966.00 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.161 | |
| Current Ratio | 0.87 | |
| Current Ratio QoQ | 16.505 % | |
| Current Ratio YoY | 11.144 % | |
| Current Ratio IPRWA | high: 8.027 median: 1.263 mean: 1.225 YPF: 0.87 low: 0.33 |
|
| Quick Ratio | 0.676 | |
| Quick Ratio QoQ | 24.441 % | |
| Quick Ratio YoY | 11.745 % | |
| Quick Ratio IPRWA | high: 1.511 mean: 0.902 median: 0.892 YPF: 0.676 low: 0.398 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 8.081 | |
| Cost Of Debt | 1.533 % | |
| Interest Coverage Ratio | 2.845 | |
| Interest Coverage Ratio QoQ | 22.682 % | |
| Interest Coverage Ratio YoY | -329.018 % | |
| Interest Coverage Ratio IPRWA | high: 28.951 median: 6.462 mean: 6.16 YPF: 2.845 low: -29.945 |
|
| Operating Cash Flow Ratio | -0.027 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 62.561 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.44 % | |
| Revenue Growth | -2.132 % | |
| Revenue Growth QoQ | -5058.14 % | |
| Revenue Growth YoY | -79.086 % | |
| Revenue Growth IPRWA | high: 53.032 % mean: -1.876 % YPF: -2.132 % median: -3.951 % low: -63.186 % |
|
| Earnings Growth | 169.355 % | |
| Earnings Growth QoQ | -129.355 % | |
| Earnings Growth YoY | -241.444 % | |
| Earnings Growth IPRWA | high: 462.5 % YPF: 169.355 % mean: 0.91 % median: -19.048 % low: -194.231 % |
|
| MARGINS | ||
| Gross Margin | 28.873 % | |
| Gross Margin QoQ | 1.252 % | |
| Gross Margin YoY | 37.21 % | |
| Gross Margin IPRWA | high: 69.391 % YPF: 28.873 % mean: 21.432 % median: 19.958 % low: -22.31 % |
|
| EBIT Margin | 13.336 % | |
| EBIT Margin QoQ | 3.887 % | |
| EBIT Margin YoY | -324.966 % | |
| EBIT Margin IPRWA | high: 95.267 % YPF: 13.336 % mean: 11.398 % median: 10.815 % low: -130.344 % |
|
| Return On Sales (ROS) | 9.881 % | |
| Return On Sales QoQ | -17.638 % | |
| Return On Sales YoY | -266.684 % | |
| Return On Sales IPRWA | high: 95.267 % mean: 9.997 % YPF: 9.881 % median: 7.5 % low: -56.401 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 318.0 M | |
| Free Cash Flow Yield | 2.231 % | |
| Free Cash Flow Yield QoQ | -78.527 % | |
| Free Cash Flow Yield YoY | -100.194 % | |
| Free Cash Flow Yield IPRWA | high: 9.376 % YPF: 2.231 % mean: 1.48 % median: 1.02 % low: -9.877 % |
|
| Free Cash Growth | 312.987 % | |
| Free Cash Growth QoQ | -135.757 % | |
| Free Cash Growth YoY | -256.73 % | |
| Free Cash Growth IPRWA | YPF: 312.987 % high: 241.448 % mean: -9.635 % median: -10.314 % low: -255.102 % |
|
| Free Cash To Net Income | -0.486 | |
| Cash Flow Margin | -4.423 % | |
| Cash Flow To Earnings | 0.307 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -2.217 % | |
| Return On Assets QoQ | 215.363 % | |
| Return On Assets YoY | 122.367 % | |
| Return On Assets IPRWA | high: 9.669 % median: 1.105 % mean: 0.836 % YPF: -2.217 % low: -7.748 % |
|
| Return On Capital Employed (ROCE) | 2.755 % | |
| Return On Equity (ROE) | -0.06 | |
| Return On Equity QoQ | 234.884 % | |
| Return On Equity YoY | 142.989 % | |
| Return On Equity IPRWA | high: 0.14 median: 0.024 mean: 0.012 YPF: -0.06 low: -0.197 |
|
| DuPont ROE | -5.885 % | |
| Return On Invested Capital (ROIC) | 1.841 % | |
| Return On Invested Capital QoQ | -49.575 % | |
| Return On Invested Capital YoY | -103.696 % | |
| Return On Invested Capital IPRWA | high: 14.758 % median: 1.981 % mean: 1.923 % YPF: 1.841 % low: -11.925 % |
|