BMA Stock Analysis: Banco Macro | NYSE
Banks - Regional | NYSE, USA | Market Cap: 3.737m USD | 12M Return: -28.9% | US05961W1053 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.4M
Qual. Beats: 0
Rev. Trend: -50.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Banco Macro S.A. is an Argentine commercial bank that provides a full range of retail and corporate banking products and services. Its retail offerings include savings and checking accounts, time deposits, credit and debit cards, consumer loans, mortgage and automobile loans, overdrafts, insurance products, tax collection, utility payments, ATM services, and money transfers. On the corporate side, the bank provides deposits, lending, factoring, guaranteed loans, foreign trade financing lines, cash management, trust and payroll services, corporate credit cards, working capital facilities, investment project financing, leasing, and foreign trade transactions. The company also delivers transaction services such as collections, supplier payments, payroll, foreign exchange, information services, and internet and mobile banking platforms.
As a diversified bank under the GICS classification, Banco Macro operates a universal banking model serving both individual consumers and businesses, with a product mix spanning short-term transactional banking and medium-to-long-term lending. The company was incorporated in 1966, is headquartered in Buenos Aires, and trades on the NYSE as an American Depositary Receipt (ticker: BMA) following its 2006 listing.
- Argentine peso depreciation pressures dollar-denominated asset values
- BCRA rate cuts compress net interest margins
- Government bond holdings drive trading income volatility
| 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 (675b): -2.33 < 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 November 12, 2026, the stock is trading at USD 57.23 with a total of 196,687 shares traded. Over the past week, the price has changed by -4.43%, over one month by -11.94%, over three months by -28.82% and over the past year by -28.93%.
Current recommended Stop Loss: 53.70 (which is 6.2% or 1.2 ATR below the current price).
Banco Macro has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy BMA.
- StrongBuy: 5
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 104.2 | 82.1% |
Market Cap ARS = 5771b (3.74b USD * 1544.5 USD.ARS)
P/E Trailing = 11.9509
P/E Forward = 3.0979
P/S = 0.0009
P/B = 0.9083
P/EG = 0.4681
Revenue TTM = 4819b ARS
EBIT TTM = 496b ARS
EBITDA TTM = 675b ARS
Long Term Debt = 1621b ARS (from longTermDebt, last quarter)
Short Term Debt = 348b ARS (from shortTermDebt, last quarter)
Debt = 1756b ARS (from shortLongTermDebtTotal, last quarter) + Leases 17.5b
Net Debt = -1573b ARS (calculated: Debt 1756b - CCE 3329b)
Enterprise Value = 4198b ARS (5771b + Debt 1756b - CCE 3329b)
Interest Coverage Ratio = 0.34 (Ebit TTM 496b / Interest Expense TTM 1471b)
EV/FCF = 1000.0x (Enterprise Value 4198b / FCF TTM 1.56b)
FCF Yield = 0.04% (FCF TTM 1.56b / Enterprise Value 4198b)
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 = 0.16 (Enterprise Value 4198b / 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 = -2.33 (Net Debt -1573b / EBITDA 675b)
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 = 6.06% (E(5771b)/V(7527b) * Re(7.90%) + (debt cost/tax rate unavailable))
Discount Rate = 7.90% (= 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=3135.82 | Chg30d=+0.87% | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=12319.51 | Chg30d=-1.73% | Revisions=+0% | GrowthEPS=+126.3% | GrowthRev=+56.0%
EPS next Year (2027-12-31): EPS=17232.43 | Chg30d=+0.88% | Revisions=+25% | GrowthEPS=+39.9% | GrowthRev=+9.3%
[Analyst] Revisions Ratio: +40% (up=2, down=0)