BMA Stock Analysis: Banco Macro | NYSE
Banks - Regional | NYSE, USA | Market Cap: 4.909m USD | 12M Return: 53.4% | US05961W1053 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.3M
Qual. Beats: 0
Rev. Trend: -50.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Banco Macro S.A. is an Argentine commercial bank operating a universal banking model that spans retail and corporate clients. Founded in 1966 and headquartered in Buenos Aires, the company offers deposit products (savings, checking, and time deposits), consumer and mortgage loans, credit and debit cards, insurance distribution, ATMs, tax collection, utility payments, and money transfer services. For retail customers, the bank also extends personal loans, document discounts, residential mortgages, pledged loans, and overdraft facilities.
On the corporate side, Banco Macro provides deposits, lending, factoring, guaranteed loans, foreign trade credit lines, cash management, trust and payroll services, leasing, and working capital and investment project financing, along with transaction services such as collections, supplier payments, foreign exchange, and internet and mobile banking. As a GICS-classified Diversified Bank trading on the NYSE via an ADR (ticker BMA, listed since March 2006), it sits within the financials sector and is exposed to Argentine macroeconomic conditions, where high inflation and peso volatility have historically shaped bank net interest margins and loan demand.
- Argentina inflation surge drives deposit growth and fee income
- BCRA interest rate cuts compress net interest margins
- Peso depreciation pressures dollar-denominated ADR returns
| Net Income: 311b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 5.33 > 1.0 |
| NWC/Revenue: -268.4% < 20% (prev -151.6%; Δ -116.7% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1474b > Net Income 311b |
| Net Debt (-1573b) to EBITDA (589b): -2.67 < 3 |
| Current Ratio: 0.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.9m) vs 12m ago -0.06% < -2% |
| Gross Margin: 57.84% > 18% (prev 56.64%; Δ 1.20% > 0.5%) |
| Asset Turnover: 21.70% > 50% (prev 25.62%; Δ -3.93% > 0%) |
| Interest Coverage Ratio: 0.34 > 6 (EBIT TTM 496b / Interest Expense TTM 1471b) |
| A: -0.50 (Total Current Assets 3329b - Total Current Liabilities 16262b) / Total Assets 25965b |
| B: 0.01 (Retained Earnings 361b / Total Assets 25965b) |
| C: 0.02 (EBIT TTM 496b / Avg Total Assets 22211b) |
| D: 0.32 (Book Value of Equity 6342b / Total Liabilities 19619b) |
| Altman-Z'' = -2.73 = D |
As of September 27, 2026, the stock is trading at USD 68.86 with a total of 330,636 shares traded. Over the past week, the price has changed by -8.26%, over one month by -11.46%, over three months by -23.33% and over the past year by +53.37%.
Current recommended Stop Loss: 65.30 (which is 5.2% or 1.2 ATR below the current price).
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 | 112.6 | 63.5% |
P/E Trailing = 19.1925
P/E Forward = 3.0979
P/S = 0.0014
P/B = 1.1669
P/EG = 0.4681
Revenue TTM = 4819b USD
EBIT TTM = 496b USD
EBITDA TTM = 589b USD
Long Term Debt = 1621b USD (from longTermDebt, last quarter)
Short Term Debt = 348b USD (from shortTermDebt, last quarter)
Debt = 1756b USD (from shortLongTermDebtTotal, last quarter) + Leases 17.5b
Net Debt = -1573b USD (calculated: Debt 1756b - CCE 3329b)
Enterprise Value = 4.91b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.34 (Ebit TTM 496b / Interest Expense TTM 1471b)
EV/FCF = 3.14x (Enterprise Value 4.91b / FCF TTM 1.56b)
FCF Yield = 31.87% (FCF TTM 1.56b / Enterprise Value 4.91b)
FCF Margin = 0.03% (FCF TTM 1.56b / Revenue TTM 4819b)
Net Margin = 6.46% (Net Income TTM 311b / Revenue TTM 4819b)
Gross Margin = 57.84% ((Revenue TTM 4819b - Cost of Revenue TTM 2032b) / Revenue TTM)
Gross Margin QoQ = 58.93% (prev 61.12%)
Tobins Q-Ratio = 0.00 (Enterprise Value 4.91b / Total Assets 25965b)
Interest Expense / Debt = 83.79% (Interest Expense 1471b / Debt 1756b)
Taxrate = 11.87% (59.8b / 504b)
NOPAT = 437b (EBIT 496b * (1 - 11.87%))
Current Ratio = 0.20 (Total Current Assets 3329b / Total Current Liabilities 16262b)
Debt / Equity = 0.28 (Debt 1756b / totalStockholderEquity, last quarter 6342b)
Debt / EBITDA = -2.67 (Net Debt -1573b / EBITDA 589b)
Debt / FCF = -1.01k (out of range, set to none) (Net Debt -1573b / FCF TTM 1.56b)
Total Stockholder Equity = 5140b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.40% (Net Income 311b / Total Assets 25965b)
RoE = 6.06% (Net Income TTM 311b / Total Stockholder Equity 5140b)
RoCE = 7.34% (EBIT 496b / Capital Employed (Equity 5140b + L.T.Debt 1621b))
RoIC = 1.70% (NOPAT 437b / Invested Capital 25724b)
WACC = 0.02% (E(4.91b)/V(1761b) * Re(8.31%) + (debt cost/tax rate unavailable))
Discount Rate = 8.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.41 | Cagr: 0.00%
[DCF] Terminal Value 75.44% ; FCFF base≈1.56b ; Y1≈1.57b ; Y5≈1.66b
[DCF] Fair Price = 25.5k (EV 25.9b - Net Debt -1573b = Equity 1599b / Shares 62.8m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.00 | # QB: 0
Revenue Correlation: -50.74 | Revenue CAGR: -14.13% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3108.76 | Chg30d=+20.71% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=12535.77 | Chg30d=+30.23% | Revisions=+40% | GrowthEPS=+130.3% | GrowthRev=+51.3%
EPS next Year (2027-12-31): EPS=17082.11 | Chg30d=+16.71% | Revisions=+50% | GrowthEPS=+36.3% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +70% (up=7, down=0)