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YPF Sociedad Anónima

YPF
40
Oil & Gas Integrated · Energy
Price
$51.18
+0.26 (+0.51%)
Market Cap
$20.07B
Exchange
New York Stock Exchange
Winston Score
40
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Strong
Stability
Good
Valuation
Strong

Winston Score History

The full picture

YPF is Argentina's largest oil and gas company. It finds, drills, and produces crude oil and natural gas, then refines that oil into fuels like gasoline and diesel that it sells at its network of gas stations across Argentina. The Argentine government owns a majority stake in YPF, making it effectively a state-controlled energy company.

YPF makes money by selling fuel at retail stations, supplying refined products to industrial customers, and exporting oil and gas. It operates almost entirely within Argentina, generating roughly $19 billion in market value. Its biggest opportunity is the Vaca Muerta shale formation in Patagonia, one of the largest unconventional oil and gas reserves in the world, which could significantly boost production if YPF can attract enough foreign investment. The main risks are Argentina's history of currency controls, inflation, and government intervention in energy pricing, all of which can squeeze profits and make long-term planning difficult.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-97.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

32M ARS/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

6.8T ARS cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

YPF Sociedad Anónima grew revenue 211484% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.2% over 3y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 392.7M (2022) → 392.0M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
45.0%
Healthy — 45.0% gross margin
Profit after running costs
Operating Margin
0.0%
Thin — 0.0% operating margin
Return on the money invested
ROCE
7.9%
Weak — 7.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+202.6%
Fast-growing sales (+202.6% YoY)
Profit growth
EPS YoY
-156.6%
Earnings shrinking (-156.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
524%
Turns 524% of profit into real cash
Spare cash per sale
FCF Margin
6.7%
Modest free cash flow (6.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.79
Moderate — manageable debt (0.79)
Covers its interest
Interest Cover
2.63x
Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
26.0x
Growth-priced — P/E 26.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+26.0
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (26.0 → 0.0)

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Dividends

Not applicable for this business.
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