CEPU vs. TGS
CEPU (Central Puerto S.A.) and TGS (Transportadora de Gas del Sur S.A.) are both stocks. CEPU operates in Utilities - Regulated Electric (Utilities), while TGS operates in Oil & Gas Midstream (Energy). Over the past 5 years, CEPU returned 48.25%/yr vs 43.49%/yr for TGS. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
CEPU vs. TGS - Performance Comparison
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Returns By Period
In the year-to-date period, CEPU achieves a -11.14% return, which is significantly lower than TGS's 1.35% return.
CEPU
- 1D
- -0.77%
- 1M
- 11.79%
- YTD
- -11.14%
- 6M
- -11.04%
- 1Y
- 32.91%
- 3Y*
- 36.44%
- 5Y*
- 48.25%
- 10Y*
- —
TGS
- 1D
- -0.28%
- 1M
- 8.39%
- YTD
- 1.35%
- 6M
- 1.48%
- 1Y
- 15.08%
- 3Y*
- 33.68%
- 5Y*
- 43.49%
- 10Y*
- 19.37%
CEPU vs. TGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEPU Central Puerto S.A. | -11.14% | 20.77% | 60.75% | 71.30% | 95.14% | 15.93% | -44.44% | -45.56% | -42.82% |
TGS Transportadora de Gas del Sur S.A. | 1.35% | 6.22% | 93.97% | 27.88% | 165.77% | -14.62% | -27.48% | -45.44% | -30.87% |
Correlation
The correlation between CEPU and TGS is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018 | 0.67 |
The correlation between CEPU and TGS shifts across timeframes, from 0.67 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CEPU:
$2.34B
TGS:
$4.74B
CEPU:
ARS 4.58K
TGS:
ARS 3.05K
CEPU:
4.96
TGS:
15.11
CEPU:
0.01
TGS:
0.04
CEPU:
1.70
TGS:
3.82
CEPU:
1.28
TGS:
1.94
CEPU:
ARS 2.01T
TGS:
ARS 1.82T
CEPU:
ARS 701.24B
TGS:
ARS 985.40B
CEPU:
ARS 855.91B
TGS:
ARS 1.03T
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Return for Risk
CEPU vs. TGS — Risk / Return Rank
CEPU
TGS
CEPU vs. TGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Puerto S.A. (CEPU) and Transportadora de Gas del Sur S.A. (TGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEPU | TGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.46 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.95 | 1.16 | +0.79 |
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Drawdowns
CEPU vs. TGS - Drawdown Comparison
The maximum CEPU drawdown since its inception was -88.97%, smaller than the maximum TGS drawdown of -95.49%. Use the drawdown chart below to compare losses from any high point for CEPU and TGS.
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Drawdown Indicators
| CEPU | TGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -95.49% | +6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -32.96% | -7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -51.70% | -39.49% | -12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -51.70% | -39.49% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.55% | — |
Current DrawdownCurrent decline from peak | -13.37% | -10.79% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -54.88% | -47.01% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.88% | 13.03% | +3.85% |
Volatility
CEPU vs. TGS - Volatility Comparison
Central Puerto S.A. (CEPU) and Transportadora de Gas del Sur S.A. (TGS) have volatilities of 13.00% and 12.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEPU | TGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.00% | 12.95% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.78% | 27.30% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.21% | 60.85% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.98% | 55.49% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.28% | 54.44% | +6.84% |
Dividends
CEPU vs. TGS - Dividend Comparison
Neither CEPU nor TGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CEPU Central Puerto S.A. | 0.00% | 0.00% | 0.64% | 8.91% | 2.78% | 0.00% | 0.00% | 2.44% | 3.70% | 0.00% | 0.00% |
TGS Transportadora de Gas del Sur S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.46% | 5.04% | 0.00% | 0.34% |
Financials
CEPU vs. TGS - Financials Comparison
This section allows you to compare key financial metrics between Central Puerto S.A. and Transportadora de Gas del Sur S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CEPU vs. TGS - Profitability Comparison
CEPU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.
TGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a gross profit of 282.03B and revenue of 484.20B. Therefore, the gross margin over that period was 58.3%.
CEPU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.
TGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported an operating income of 249.34B and revenue of 484.20B, resulting in an operating margin of 51.5%.
CEPU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.
TGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a net income of 159.98B and revenue of 484.20B, resulting in a net margin of 33.0%.
Frequently Asked Questions
CEPU and TGS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEPU has higher volatility (13.00%) compared to TGS (12.95%). In terms of maximum drawdown, CEPU dropped -88.97% vs TGS's -95.49%.
CEPU currently has the higher Sharpe Ratio (0.49 vs 0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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