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Banco Macro S.A.

BMA

(3.2)
Stock Price

80,04 USD

2.25% ROA

14.36% ROE

104.75x PER

Market Cap.

5.627.879.165.871,20 USD

14.49% DER

0.01% Yield

7.91% NPM

Banco Macro S.A. Stock Analysis

Banco Macro S.A. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Banco Macro S.A. Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.62x) suggests it's undervalued, making it an attractive opportunity for investors.

2 DER

The stock has a minimal amount of debt (14%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

3 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

4 ROE

ROE in an average range (12.32%) suggests satisfactory profitability and decent utilization of shareholders' equity.

5 ROA

The stock's ROA (2.26%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

6 Revenue Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

7 Net Profit Growth

This company's net profit has been consistently on the rise over the past three years, indicating a strong financial performance and making it an appealing investment opportunity.

8 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

9 Dividend Growth

With a history of consistent dividend increases over the last three years, the company has proven to be a reliable choice for investors seeking reliable income.

10 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (620.719), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

11 Dividend

Investors should note the absence of dividends from the company in the last three years, indicating potential financial challenges.

Banco Macro S.A. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Banco Macro S.A. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Banco Macro S.A. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Banco Macro S.A. Revenue
Year Revenue Growth
2001 123.993.000
2002 1.108.165.000 88.81%
2003 178.748.000 -519.96%
2004 563.028.827 68.25%
2005 967.895.580 41.83%
2006 1.352.221.520 28.42%
2007 1.931.856.214 30%
2008 2.407.000.000 19.74%
2009 3.362.900.000 28.42%
2010 978.536.590 -243.67%
2011 1.079.119.033 9.32%
2012 1.124.158.429 4.01%
2013 7.827.109.000 85.64%
2014 11.112.733.000 29.57%
2015 15.174.415.000 26.77%
2016 20.167.713.000 24.76%
2017 55.937.465.000 63.95%
2018 50.011.912.000 -11.85%
2019 103.589.027.000 51.72%
2020 398.666.569.000 74.02%
2021 372.501.994.000 -7.02%
2022 1.549.284.308.000 75.96%
2023 1.443.080.000.000 -7.36%
2023 2.844.146.618.000 49.26%
2024 5.343.630.065.776 46.78%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Banco Macro S.A. Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Banco Macro S.A. General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 133.935.718 100%
2005 254.710.798 47.42%
2006 395.809.660 35.65%
2007 589.279.243 32.83%
2008 1.211.400.000 51.36%
2009 1.749.000.000 30.74%
2010 330.220.488 -429.65%
2011 361.745.441 8.71%
2012 85.765.100 -321.79%
2013 555.420.000 84.56%
2014 790.301.000 29.72%
2015 1.016.588.000 22.26%
2016 1.397.645.000 27.26%
2017 4.741.403.000 70.52%
2018 4.371.326.000 -8.47%
2019 12.077.058.000 63.8%
2020 29.086.014.000 58.48%
2021 25.043.978.000 -16.14%
2022 74.597.528.000 66.43%
2023 233.436.000.000 68.04%
2023 106.079.961.000 -120.06%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Banco Macro S.A. EBITDA
Year EBITDA Growth
2001 113.233.000
2002 1.090.899.000 89.62%
2003 441.834.000 -146.9%
2004 329.378.537 -34.14%
2005 599.679.440 45.07%
2006 895.012.134 33%
2007 1.393.424.495 35.77%
2008 2.347.858.000 40.65%
2009 3.010.097.000 22%
2010 2.839.375.000 -6.01%
2011 3.641.852.000 22.03%
2012 -14.333.944 25507.19%
2013 -74.901.000 80.86%
2014 -138.957.000 46.1%
2015 -434.156.000 67.99%
2016 -235.208.000 -84.58%
2017 155.907.000 250.86%
2018 800.996.000 80.54%
2019 1.736.009.999 53.86%
2020 466.545.000 -272.1%
2021 -5.501.000 8581.09%
2022 -1.205.165.000 99.54%
2023 109.004.000.000 101.11%
2023 152.824.847.000 28.67%
2024 134.761.680.484 -13.4%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Banco Macro S.A. Gross Profit
Year Gross Profit Growth
2001 123.993.000
2002 1.108.165.000 88.81%
2003 178.748.000 -519.96%
2004 563.028.827 68.25%
2005 967.895.580 41.83%
2006 1.352.221.520 28.42%
2007 1.931.856.214 30%
2008 2.407.000.000 19.74%
2009 3.362.900.000 28.42%
2010 978.536.590 -243.67%
2011 1.079.119.033 9.32%
2012 1.124.158.429 4.01%
2013 7.827.109.000 85.64%
2014 11.112.733.000 29.57%
2015 15.174.415.000 26.77%
2016 20.167.713.000 24.76%
2017 55.937.465.000 63.95%
2018 50.005.783.000 -11.86%
2019 103.561.610.000 51.71%
2020 398.666.569.000 74.02%
2021 372.501.994.000 -7.02%
2022 1.343.663.448.000 72.28%
2023 1.443.080.000.000 6.89%
2023 2.844.146.618.000 49.26%
2024 5.343.630.065.776 46.78%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Banco Macro S.A. Net Profit
Year Net Profit Growth
2001 17.559.000
2002 572.114.000 96.93%
2003 199.849.000 -186.27%
2004 194.467.790 -2.77%
2005 262.604.346 25.95%
2006 423.732.551 38.03%
2007 495.417.553 14.47%
2008 660.000.000 24.94%
2009 751.900.000 12.22%
2010 254.557.409 -195.38%
2011 273.161.537 6.81%
2012 303.766.117 10.08%
2013 2.443.564.000 87.57%
2014 3.479.531.000 29.77%
2015 5.008.400.000 30.53%
2016 6.540.832.000 23.43%
2017 5.938.807.000 -10.14%
2018 15.729.200.000 62.24%
2019 26.475.968.000 40.59%
2020 76.900.028.000 65.57%
2021 44.554.136.000 -72.6%
2022 126.950.267.000 64.9%
2023 29.936.000.000 -324.07%
2023 587.324.400.000 94.9%
2024 -1.508.184.737.292 138.94%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Banco Macro S.A. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 4
2002 4 25%
2003 1 0%
2004 1 0%
2005 1 100%
2006 2 0%
2007 2 0%
2008 8 85.71%
2009 10 22.22%
2010 3 -200%
2011 4 0%
2012 1 0%
2013 4 100%
2014 6 20%
2015 9 37.5%
2016 11 27.27%
2017 9 -22.22%
2018 24 60.87%
2019 41 43.9%
2020 120 65.83%
2021 70 -73.91%
2022 199 65.15%
2023 468 57.69%
2023 919 49.02%
2024 -2.360 138.9%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Banco Macro S.A. Free Cashflow
Year Free Cashflow Growth
2004 478.757.173
2005 360.804.201 -32.69%
2006 932.299.839 61.3%
2007 -180.340.611 616.97%
2008 1.151.975.000 115.65%
2009 2.172.039.000 46.96%
2010 275.684.744 -687.87%
2011 243.698.524 -13.13%
2012 828.560.911 70.59%
2013 1.854.525.000 55.32%
2014 4.218.956.001 56.04%
2015 4.171.646.000 -1.13%
2016 12.229.217.000 65.89%
2017 -26.496.616.000 146.15%
2018 -26.542.691.000 0.17%
2019 154.400.416.000 117.19%
2020 -43.716.737.999 453.18%
2021 363.820.749.000 112.02%
2022 1.074.509.076.000 66.14%
2023 1.190.607.896.000 9.75%
2023 176.854.944.000 -573.21%
2024 -225.326.285.260 178.49%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Banco Macro S.A. Operating Cashflow
Year Operating Cashflow Growth
2004 478.757.173
2005 360.804.201 -32.69%
2006 932.299.839 61.3%
2007 -102.646.650 1008.26%
2008 1.224.794.000 108.38%
2009 2.206.368.000 44.49%
2010 290.154.080 -660.41%
2011 265.174.079 -9.42%
2012 856.352.043 69.03%
2013 2.029.485.000 57.8%
2014 4.480.137.000 54.7%
2015 4.553.860.000 1.62%
2016 12.629.637.000 63.94%
2017 -23.551.771.000 153.62%
2018 -24.570.745.000 4.15%
2019 160.036.211.000 115.35%
2020 -32.908.091.999 586.31%
2021 377.246.812.000 108.72%
2022 1.150.263.392.000 67.2%
2023 1.247.681.055.000 7.81%
2023 182.071.883.000 -585.27%
2024 -175.945.686.306 203.48%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Banco Macro S.A. Capital Expenditure
Year Capital Expenditure Growth
2004 0
2005 0 0%
2006 0 0%
2007 77.693.960 100%
2008 72.819.000 -6.69%
2009 34.329.000 -112.12%
2010 14.469.335 -137.25%
2011 21.475.555 32.62%
2012 27.791.132 22.73%
2013 174.960.000 84.12%
2014 261.180.999 33.01%
2015 382.214.000 31.67%
2016 400.420.000 4.55%
2017 2.944.845.000 86.4%
2018 1.971.946.000 -49.34%
2019 5.635.795.000 65.01%
2020 10.808.646.000 47.86%
2021 13.426.063.000 19.5%
2022 75.754.316.000 82.28%
2023 57.073.159.000 -32.73%
2023 5.216.939.000 -994%
2024 49.380.598.954 89.44%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Banco Macro S.A. Equity
Year Equity Growth
2001 252.375.000
2002 925.373.000 72.73%
2003 1.125.222.000 17.76%
2004 1.267.020.718 11.19%
2005 1.489.006.048 14.91%
2006 2.389.957.460 37.7%
2007 2.721.541.572 12.18%
2008 2.832.207.000 3.91%
2009 3.379.484.000 16.19%
2010 1.073.723.580 -214.74%
2011 1.133.752.157 5.29%
2012 1.271.191.782 10.81%
2013 8.696.933.000 85.38%
2014 11.584.818.000 24.93%
2015 16.005.855.000 27.62%
2016 22.288.697.000 28.19%
2017 71.751.594.000 68.94%
2018 54.636.616.000 -31.33%
2019 142.755.209.000 61.73%
2020 223.515.580.000 36.13%
2021 466.797.391.000 52.12%
2022 1.595.948.601.000 70.75%
2023 2.044.629.837.000 21.94%
2023 1.007.735.000.000 -102.89%
2024 5.003.778.017.288 79.86%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Banco Macro S.A. Assets
Year Assets Growth
2001 1.375.191.000
2002 3.818.074.000 63.98%
2003 5.025.027.000 24.02%
2004 8.865.747.293 43.32%
2005 9.483.710.139 6.52%
2006 14.485.657.571 34.53%
2007 19.789.937.640 26.8%
2008 22.440.607.000 11.81%
2009 26.879.884.000 16.52%
2010 7.779.661.061 -245.51%
2011 8.929.287.634 12.87%
2012 9.740.505.389 8.33%
2013 59.295.034.000 83.57%
2014 74.995.634.000 20.94%
2015 104.951.959.000 28.54%
2016 154.998.960.000 32.29%
2017 338.069.866.000 54.15%
2018 342.836.031.000 1.39%
2019 603.972.776.000 43.24%
2020 1.162.101.462.000 48.03%
2021 1.946.567.225.000 40.3%
2022 6.509.835.172.000 70.1%
2023 6.719.072.117.000 3.11%
2023 3.708.274.000.000 -81.19%
2024 18.329.134.600.826 79.77%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Banco Macro S.A. Liabilities
Year Liabilities Growth
2001 1.122.816.000
2002 2.892.701.000 61.18%
2003 3.899.805.000 25.82%
2004 7.598.726.574 48.68%
2005 7.994.704.090 4.95%
2006 12.095.700.110 33.9%
2007 17.068.396.067 29.13%
2008 19.608.400.000 12.95%
2009 23.500.400.000 16.56%
2010 6.705.937.481 -250.44%
2011 7.795.535.477 13.98%
2012 8.469.313.605 7.96%
2013 50.598.101.000 83.26%
2014 63.410.816.000 20.21%
2015 88.946.104.000 28.71%
2016 132.710.263.000 32.98%
2017 266.318.272.000 50.17%
2018 288.199.415.000 7.59%
2019 461.217.567.000 37.51%
2020 938.585.882.000 50.86%
2021 1.479.769.834.000 36.57%
2022 4.913.886.571.000 69.89%
2023 4.674.442.280.000 -5.12%
2023 175.174.000.000 -2568.46%
2024 13.305.035.373.550 98.68%

Banco Macro S.A. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
8111.08
Net Income per Share
641.48
Price to Earning Ratio
104.75x
Price To Sales Ratio
1.09x
POCF Ratio
28.23
PFCF Ratio
4
Price to Book Ratio
8.58
EV to Sales
0.91
EV Over EBITDA
8.18
EV to Operating CashFlow
3.1
EV to FreeCashFlow
3.36
Earnings Yield
0.01
FreeCashFlow Yield
0.25
Market Cap
5.627,88 Bil.
Enterprise Value
4.719,43 Bil.
Graham Number
10629.89
Graham NetNet
-22273.01

Income Statement Metrics

Net Income per Share
641.48
Income Quality
3.65
ROE
0.14
Return On Assets
0.02
Return On Capital Employed
0.07
Net Income per EBT
0.76
EBT Per Ebit
0.56
Ebit per Revenue
0.19
Effective Tax Rate
0.22

Margins

Sales, General, & Administrative to Revenue
0.08
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
0.19
Pretax Profit Margin
0.1
Net Profit Margin
0.08

Dividends

Dividend Yield
0
Dividend Yield %
0.01
Payout Ratio
1.04
Dividend Per Share
5.9

Operating Metrics

Operating Cashflow per Share
2380.44
Free CashFlow per Share
2201.16
Capex to Operating CashFlow
0.08
Capex to Revenue
0.02
Capex to Depreciation
1
Return on Invested Capital
0.13
Return on Tangible Assets
0.02
Days Sales Outstanding
3.56
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
102.58
Payables Turnover
0
Inventory Turnover
0
Capex per Share
179.29

Balance Sheet

Cash per Share
-2.942,25
Book Value per Share
7.862,44
Tangible Book Value per Share
7661.29
Shareholders Equity per Share
7828.73
Interest Debt per Share
3796.89
Debt to Equity
0.14
Debt to Assets
0.04
Net Debt to EBITDA
-1.57
Current Ratio
0.65
Tangible Asset Value
4.895,56 Bil.
Net Current Asset Value
-10.089,89 Bil.
Invested Capital
-597744013601
Working Capital
-1.739,14 Bil.
Intangibles to Total Assets
0.01
Average Receivables
25,78 Bil.
Average Payables
72,20 Bil.
Average Inventory
65431955641.5
Debt to Market Cap
0.13

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Banco Macro S.A. Dividends
Year Dividends Growth
2006 0
2007 0 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 2 100%
2014 1 -100%
2016 1 0%
2017 1 0%
2018 2 100%
2019 2 0%
2022 1 -100%
2023 2 50%
2024 6 60%

Banco Macro S.A. Profile

About Banco Macro S.A.

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

CEO
Mr. Gustavo Alejandro Manriqu
Employee
9.175
Address
Avenida Eduardo Madero 1182
Buenos Aires,

Banco Macro S.A. Executives & BODs

Banco Macro S.A. Executives & BODs
# Name Age
1 Mr. Eduardo Roque Covello
Banking Operations Manager
70
2 Mr. Marcelo Agustin Devoto
Investment Banking Manager
70
3 Mr. Ernesto Eduardo Medina
System &Technology Manager
70
4 Lic. Brian Anthony
Commercial banking manager
70
5 Mr. Gerardo Adrian Alvarez
Operations & Compliance Manager
70
6 Mr. Francisco Muro
Distribution & Sales Manager
70
7 Ms. Ana María Magdalena Marcet
Credit Risk Manager
70
8 Mr. Jorge Francisco Scarinci
Chief Financial Officer, Finance Manager & IR Manager
70
9 Mr. Ernesto Lopez
Legal Manager
70
10 Mr. Gustavo Alejandro Manriquez
GM & Chief Executive Officer
70

Banco Macro S.A. Competitors