(BMA) Banco Macro - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 4.641m USD | Total Return: -13.2% in 12m
Avg Turnover: 19.6M
EPS Trend: 93.6%
Qual. Beats: 1
Rev. Trend: -26.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
Banco Macro S.A. (BMA) is a major Argentine financial institution headquartered in Buenos Aires, providing a comprehensive suite of retail and corporate banking services. Its operations include traditional deposit-taking, consumer financing, mortgage lending, and credit card services. For corporate clients, the bank manages cash flow, foreign trade financing, leasing, and payroll administration.
As a diversified bank in Argentina, the business model relies heavily on the interest rate spread between deposits and loans, as well as fee-based income from transactional services. The Argentine banking sector is characterized by high sensitivity to local inflation rates and central bank monetary policy, which directly influence asset quality and lending margins. To gain deeper insights into these valuation drivers, consider exploring the financial metrics available on ValueRay.
The company maintains a significant physical and digital presence, utilizing a network of automated teller machines alongside mobile and internet banking platforms to facilitate utility payments and money transfers. Incorporated in 1966, the bank functions as a financial agent for various provincial governments, providing a stable base for its public sector service operations.
- Argentine central bank monetary policy shifts impact net interest margin spreads
- High domestic inflation rates drive volatile deposit and lending volume growth
- Government fiscal reforms influence sovereign debt yields and bank balance sheets
- Expansion of consumer credit and digital banking increases transactional fee revenue
- Argentine peso devaluation volatility affects dollar-denominated ADR valuation performance
| Net Income: 231b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -3.19 > 1.0 |
| NWC/Revenue: 76.10% < 20% (prev -144.3%; Δ 220.4% < -1%) |
| CFO/TA -0.00 > 3% & CFO -280b > Net Income 231b |
| Current Ratio: 40.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.9m) vs 12m ago 0.0% < -2% |
| Gross Margin: 55.36% > 18% (prev 0.71%; Δ 5.46k% > 0.5%) |
| Asset Turnover: 0.04% > 50% (prev 28.33%; Δ -28.29% > 0%) |
| Interest Coverage Ratio: 0.14 > 6 (EBITDA TTM 322b / Interest Expense TTM 1592b) |
| A: 0.00 (Total Current Assets 3587b - Total Current Liabilities 89.5b) / Total Assets 23245903b |
| B: 0.01 (Retained Earnings 290439b / Total Assets 23245903b) |
| C: 0.00 (EBIT TTM 229b / Avg Total Assets 11631023b) |
| D: 0.29 (Book Value of Equity 5219786b / Total Liabilities 18010661b) |
| Altman-Z'' = 0.35 = B |
As of May 24, 2026, the stock is trading at USD 75.95 with a total of 146,521 shares traded.
Over the past week, the price has changed by +8.12%,
over one month by -1.41%,
over three months by -11.99% and
over the past year by -13.18%.
Banco Macro has received a consensus analysts rating of 3.86. Therefore, it is recommended to buy BMA.
- StrongBuy: 2
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 113.2 | 49.1% |
P/E Forward = 3.0979
P/S = 0.0011
P/B = 1.2463
P/EG = 0.4681
Revenue TTM = 4597b USD
EBIT TTM = 229b USD
EBITDA TTM = 322b USD
Long Term Debt = 1499b USD (from longTermDebt, last fiscal year)
Short Term Debt = 89.5b USD (from shortTermDebt, last quarter)
Debt = 1498879b USD (from shortLongTermDebtTotal, last quarter) + Leases 19.4b
Net Debt = 1495292b USD (calculated: Debt 1498879b - CCE 3587b)
Enterprise Value = 1495297b USD (4.64b + Debt 1498879b - CCE 3587b)
Interest Coverage Ratio = 0.14 (Ebit TTM 229b / Interest Expense TTM 1592b)
EV/FCF = -1000.0x (Enterprise Value 1495297b / FCF TTM -452b)
FCF Yield = -0.03% (FCF TTM -452b / Enterprise Value 1495297b)
FCF Margin = -9.83% (FCF TTM -452b / Revenue TTM 4597b)
Net Margin = 5.03% (Net Income TTM 231b / Revenue TTM 4597b)
Gross Margin = 55.36% ((Revenue TTM 4597b - Cost of Revenue TTM 2052b) / Revenue TTM)
Gross Margin QoQ = 50.12% (prev 51.25%)
Tobins Q-Ratio = 0.06 (Enterprise Value 1495297b / Total Assets 23245903b)
Interest Expense / Debt = 0.11% (Interest Expense 1592b / Debt 1498879b)
Taxrate = 43.11% (257b / 596b)
NOPAT = 130b (EBIT 229b * (1 - 43.11%))
Current Ratio = 40.09 (Total Current Assets 3587b / Total Current Liabilities 89.5b)
Debt / Equity = 0.29 (Debt 1498879b / totalStockholderEquity, last quarter 5232216b)
Debt / EBITDA = 4.65k (out of range, set to none) (Net Debt 1495292b / EBITDA 322b)
Debt / FCF = -3.31k (out of range, set to none) (Net Debt 1495292b / FCF TTM -452b)
Total Stockholder Equity = 1311274b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.00% (Net Income 231b / Total Assets 23245903b)
RoE = 0.02% (Net Income TTM 231b / Total Stockholder Equity 1311274b)
RoCE = 0.02% (EBIT 229b / Capital Employed (Equity 1311274b + L.T.Debt 1499b))
RoIC = 0.00% (NOPAT 130b / Invested Capital 23245903b)
WACC = 0.06% (E(4.64b)/V(1498884b) * Re(9.06%) + D(1498879b)/V(1498884b) * Rd(0.11%) * (1-Tc(0.43)))
Discount Rate = 9.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.99 | Cagr: 0.01%
[DCF] Fair Price = unknown (Cash Flow -452b)
EPS Correlation: 93.60 | EPS CAGR: 2.37k% | SUE: 2.17 | # QB: 1
Revenue Correlation: -26.94 | Revenue CAGR: -8.57% | SUE: 0.52 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1631.75 | Chg30d=+17.84% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=8628.14 | Chg30d=+4.45% | Revisions=+25% | GrowthEPS=+58.5% | GrowthRev=+38.6%
EPS next Year (2027-12-31): EPS=13656.36 | Chg30d=+0.09% | Revisions=+25% | GrowthEPS=+58.3% | GrowthRev=+17.6%
[Analyst] Revisions Ratio: +25%