Argentinian (MERVAL) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies65
- 7D9.1%
- 3M-4.0%
- 1Y335.7%
- YTD34.3%
The market is up 9.1% in the last 7 days, led by the Financials and all sectors gaining ground. The market is up 336% over the last 12 months. Earnings are forecast to grow by 41% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Argentinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AR$54.6t | AR$38.4t | AR$835.5b | 16.5x | 65.4x | 1.4x |
| Sat, 30 Mar 2024 | AR$51.2t | AR$36.2t | AR$582.6b | 28.8x | 87.9x | 1.4x |
| Mon, 26 Feb 2024 | AR$49.4t | AR$14.1t | AR$1.8t | 36.3x | 28x | 3.5x |
| Wed, 24 Jan 2024 | AR$54.8t | AR$13.9t | AR$1.7t | 39.8x | 32.1x | 3.9x |
| Fri, 22 Dec 2023 | AR$41.6t | AR$14.0t | AR$1.7t | 29x | 24.1x | 3x |
| Sun, 19 Nov 2023 | AR$26.2t | AR$13.6t | AR$1.4t | 20.3x | 18.5x | 1.9x |
| Tue, 17 Oct 2023 | AR$33.0t | AR$12.5t | AR$836.2b | 24.7x | 39.4x | 2.6x |
| Thu, 14 Sep 2023 | AR$23.9t | AR$12.0t | AR$797.1b | 18.5x | 30x | 2x |
| Sat, 12 Aug 2023 | AR$20.3t | AR$11.2t | AR$604.9b | 20.2x | 33.6x | 1.8x |
| Mon, 10 Jul 2023 | AR$18.3t | AR$10.4t | AR$530.9b | 20.6x | 34.5x | 1.8x |
| Wed, 07 Jun 2023 | AR$16.5t | AR$10.4t | AR$535.5b | 18x | 30.8x | 1.6x |
| Fri, 05 May 2023 | AR$12.4t | AR$9.7t | AR$429.5b | 16.3x | 28.8x | 1.3x |
| Sun, 02 Apr 2023 | AR$10.8t | AR$9.6t | AR$407.1b | 14.8x | 26.4x | 1.1x |
| Tue, 28 Feb 2023 | AR$10.9t | AR$6.3t | AR$234.6b | 18.4x | 46.7x | 1.7x |
| Thu, 26 Jan 2023 | AR$11.5t | AR$6.8t | AR$430.3b | 17x | 26.7x | 1.7x |
| Sat, 24 Dec 2022 | AR$8.2t | AR$6.8t | AR$436.7b | 13.9x | 18.9x | 1.2x |
| Mon, 21 Nov 2022 | AR$7.1t | AR$6.6t | AR$430.1b | 11.8x | 16.4x | 1.1x |
| Wed, 19 Oct 2022 | AR$6.2t | AR$6.2t | AR$616.7b | 10.7x | 10.1x | 1x |
| Fri, 16 Sep 2022 | AR$6.6t | AR$6.1t | AR$570.7b | 11.5x | 11.5x | 1.1x |
| Sun, 14 Aug 2022 | AR$5.6t | AR$5.8t | AR$512.7b | 12.3x | 10.9x | 1x |
| Tue, 12 Jul 2022 | AR$4.9t | AR$5.5t | AR$313.7b | 11.5x | 15.7x | 0.9x |
| Thu, 09 Jun 2022 | AR$4.5t | AR$5.5t | AR$316.1b | 12.4x | 14.1x | 0.8x |
| Sat, 07 May 2022 | AR$4.3t | AR$5.4t | AR$264.8b | 14.1x | 16.3x | 0.8x |
| Mon, 04 Apr 2022 | AR$4.6t | AR$5.2t | AR$228.7b | 14x | 20x | 0.9x |
| Wed, 02 Mar 2022 | AR$4.4t | AR$5.8t | AR$482.5b | 13.6x | 9.2x | 0.8x |
| Fri, 28 Jan 2022 | AR$5.0t | AR$4.1t | AR$86.1b | 16.5x | 57.7x | 1.2x |
| Sun, 26 Dec 2021 | AR$4.2t | AR$4.1t | AR$89.5b | 13.8x | 46.4x | 1x |
| Tue, 23 Nov 2021 | AR$4.2t | AR$3.9t | AR$118.7b | 14x | 35.3x | 1.1x |
| Thu, 21 Oct 2021 | AR$5.1t | AR$3.9t | AR$76.8b | 15.4x | 66.2x | 1.3x |
| Sat, 18 Sep 2021 | AR$4.6t | AR$3.8t | AR$112.6b | 14.4x | 41.1x | 1.2x |
| Mon, 16 Aug 2021 | AR$3.3t | AR$3.8t | AR$116.5b | 9.4x | 28.5x | 0.9x |
| Mon, 31 May 2021 | AR$2.9t | AR$3.6t | AR$100.8b | 7.8x | 29.1x | 0.8x |
Price to Earnings Ratio
24.6x
Current Market PE
- Investors are optimistic on the Argentinean market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 65.4x which is higher than its 3-year average PE of 31.3x.
Past Earnings Growth
- The earnings for Argentinean listed companies have grown 102% per year over the last three years.
- Revenues for these companies have grown 121% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Argentinian Market?
| AR Market | 9.08% | |
| Financials | 14.58% | |
| Energy | 12.23% | |
| Utilities | 6.27% | |
| Telecom | 5.32% | |
| Real Estate | 3.93% | |
| Tech | 3.68% | |
| Materials | 3.47% | |
| Consumer Discretionary | 2.13% | |
| Consumer Staples | 1.72% | |
| Industrials | 1.58% | |
| Healthcare | 1.41% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 4.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 66.3%, which is higher than its past year's earnings growth of 23.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 71% over the next 5 years.
- In contrast, the Financials sector is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| YPFD YPF Sociedad Anónima | AR$24.07k | 12.2% +AR$1.0t | 401.9% | PS0.6x | Energy | |
| GGAL Grupo Financiero Galicia | AR$3.55k | 15.5% +AR$704.5b | 602.1% | PB2.6x | Financials | |
| BMA Banco Macro | AR$5.94k | 14.8% +AR$489.9b | 669.2% | PB1.9x | Financials | |
| TGSU2 Transportadora de Gas del Sur | AR$3.86k | 15.6% +AR$391.9b | 293.2% | PE123.6x | Energy | |
| BBAR Banco BBVA Argentina | AR$3.51k | 12.1% +AR$232.8b | 481.9% | PB1.5x | Financials |
