YPFYPF Sociedad Anónima
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -90% · now 13% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can YPF take a bad year?
YPF Sociedad Anónima carries $694.5B of net debt at 2.13× EBITDA: a load its earnings can carry.
Net debt · as at FY2021 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.13×
Net debt / EBITDA · 5.52× a year ago · the load is coming down
- Interest cover
- 0.81×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 50%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2021
- $757.2B
- Cash and short-term investments
- $62.7B
- Net debt
- $694.5B
- EBITDA, trailing twelve months
- $325.9B
- Operating profit, trailing twelve months
- $58.2B
- Debt / equity
- 0.90×
- Total debt / EBITDA
- 2.32×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −90%
- Below its 52-week high
- 13%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Integrated
Ranks #11 of 12 by RyuScore