Screened 2026-09-11 · the tape above runs as of 15:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Pampa Energía S.A. holds its Accumulation at $86.53. The statistical read favours the sellers, held for 126 days.
As held on the ledger · 2026-09-11
Phase
Accumulation
Quantitative state
The statistical read favours the sellers, held for 126 days
Price at the screen
$86.53
Valuation
7.87 trailing · 7.32 forward price to earnings
Values screen
PASS· score 70.0
Beta
-0.24
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
29.24%
Below 33%
Interest-bearing debt is just 29.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
5.55%
Below 33%
Cash held in interest-bearing accounts and securities is 5.6% of assets, under the one-third limit.
Pass
Receivables
16.38%
Below 49%
Money owed to the company is 16.4% of assets, under the 49% limit.
Pass
Revenue purity
2.95%
Below 5%
Only 3.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 70.5% margin of safety to the base estimate.
Third-party analyst targets: 11 covering, consensus Buy. The average target sits +36% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Argentina power firm trades at bargain multiples
Every time the lights flicker on across Buenos Aires or a factory draws gas from the south, Pampa Energía sits right in the middle of it. Revenue is up 38 percent, margins sit at 20 percent and the forward multiple is just 6 times, with the shares well below our calculated fair value and an ethical screen that clears without issue.
We pass regardless. The opportunity rating sits at none because the business operates inside Argentina's constant volatility, where a low multiple often signals peak earnings rather than a genuine bargain. Unknown moat and modest 12 percent ROE add to the caution even though eleven analysts lean buy.
Currency swings, political interference and sudden regulatory shifts remain the real exposures here, capable of erasing apparent value quickly. The gap to consensus targets does not change that underlying fragility. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Argentina and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
PAM trades on the NYSE (the company is based in Argentina). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-09Accumulation$79.76-3.2%Entry 5
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 3.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 10%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (11 analysts) rates it buy, with a mean price target of $116. Insiders have been net buyers over the past quarter.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 6.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 10%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (11 analysts) rates it buy, with a mean price target of $116. Insiders have been net buyers over the past quarter.
2026-07-18Markup$88.48+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 6% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 10%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (11 analysts) rates it buy, with a mean price target of $116.
2026-07-03Markup$88.48+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$88.48Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
