Argentinian (MERVAL) Market Analysis & Valuation
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies66
- 7D10.6%
- 3M43.8%
- 1Y350.0%
- YTD62.1%
The market has climbed 11% in the last 7 days, lead by the Financials sector with a gain of 15%. In the last year, the market has climbed 350%. As for the next few years, earnings are expected to grow by 16% per annum.
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, 23 May 2024 | AR$64.6t | AR$39.4t | AR$1.8t | 16.8x | 36.5x | 1.6x |
| Sat, 20 Apr 2024 | AR$49.0t | AR$37.8t | AR$655.2b | 16.1x | 74.8x | 1.3x |
| Mon, 18 Mar 2024 | AR$45.7t | AR$35.2t | AR$780.0b | 26.3x | 58.6x | 1.3x |
| Wed, 14 Feb 2024 | AR$51.2t | AR$14.0t | AR$1.8t | 43.4x | 28.4x | 3.7x |
| Fri, 12 Jan 2024 | AR$47.8t | AR$13.9t | AR$1.7t | 35.3x | 28x | 3.4x |
| Sun, 10 Dec 2023 | AR$42.4t | AR$14.9t | AR$1.8t | 25.8x | 23.9x | 2.8x |
| Tue, 07 Nov 2023 | AR$27.8t | AR$12.5t | AR$855.0b | 23.5x | 32.5x | 2.2x |
| Thu, 05 Oct 2023 | AR$24.5t | AR$12.5t | AR$843.2b | 21.5x | 29x | 2x |
| Sat, 02 Sep 2023 | AR$27.2t | AR$11.8t | AR$724.6b | 28x | 37.5x | 2.3x |
| Mon, 31 Jul 2023 | AR$19.8t | AR$10.5t | AR$550.6b | 20.7x | 36x | 1.9x |
| Wed, 28 Jun 2023 | AR$17.8t | AR$10.4t | AR$530.1b | 22.1x | 33.7x | 1.7x |
| Fri, 26 May 2023 | AR$14.8t | AR$10.3t | AR$525.4b | 17.8x | 28.2x | 1.4x |
| Sun, 23 Apr 2023 | AR$12.7t | AR$9.8t | AR$428.5b | 15.3x | 29.6x | 1.3x |
| Tue, 21 Mar 2023 | AR$9.7t | AR$9.5t | AR$389.5b | 14x | 24.8x | 1x |
| Thu, 16 Feb 2023 | AR$11.2t | AR$6.8t | AR$394.5b | 17.5x | 28.4x | 1.7x |
| Sat, 14 Jan 2023 | AR$10.7t | AR$6.8t | AR$430.5b | 16.5x | 24.9x | 1.6x |
| Mon, 12 Dec 2022 | AR$7.8t | AR$6.9t | AR$436.0b | 14x | 17.9x | 1.1x |
| Wed, 09 Nov 2022 | AR$6.8t | AR$6.2t | AR$658.8b | 10.9x | 10.4x | 1.1x |
| Fri, 07 Oct 2022 | AR$6.6t | AR$6.2t | AR$616.7b | 11.1x | 10.7x | 1.1x |
| Sun, 04 Sep 2022 | AR$6.3t | AR$6.1t | AR$557.1b | 11.6x | 11.3x | 1x |
| Tue, 02 Aug 2022 | AR$5.4t | AR$5.6t | AR$320.9b | 12.7x | 17x | 1x |
| Thu, 30 Jun 2022 | AR$4.2t | AR$5.5t | AR$313.4b | 11.1x | 13.5x | 0.8x |
| Sat, 28 May 2022 | AR$4.6t | AR$5.5t | AR$317.1b | 12.1x | 14.5x | 0.8x |
| Mon, 25 Apr 2022 | AR$4.6t | AR$5.3t | AR$258.6b | 9.9x | 17.7x | 0.9x |
| Wed, 23 Mar 2022 | AR$5.5t | AR$5.2t | AR$229.7b | 16x | 23.9x | 1.1x |
| Fri, 18 Feb 2022 | AR$5.6t | AR$4.1t | AR$151.8b | 17.1x | 36.6x | 1.3x |
| Sun, 16 Jan 2022 | AR$4.2t | AR$4.1t | AR$88.4b | 14.7x | 47.3x | 1x |
| Tue, 14 Dec 2021 | AR$4.0t | AR$4.1t | AR$88.4b | 15.3x | 45.5x | 1x |
| Thu, 11 Nov 2021 | AR$5.5t | AR$3.7t | AR$43.4b | 14.9x | 126.1x | 1.5x |
| Sat, 09 Oct 2021 | AR$3.7t | AR$3.9t | AR$79.8b | 12.9x | 46.8x | 1x |
| Mon, 06 Sep 2021 | AR$3.7t | AR$3.8t | AR$113.4b | 12.9x | 32.4x | 1x |
| Wed, 04 Aug 2021 | AR$3.2t | AR$3.8t | AR$116.5b | 9.2x | 27.1x | 0.8x |
Price to Earnings Ratio
29.1x
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 36.5x which is higher than its 3-year average PE of 31.8x.
Past Earnings Growth
- The earnings for Argentinean listed companies have grown 160% per year over the last three years.
- Revenues for these companies have grown 123% 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 | 10.60% | |
| Materials | 15.09% | |
| Financials | 14.69% | |
| Consumer Staples | 9.98% | |
| Energy | 8.41% | |
| Utilities | 7.27% | |
| Telecom | 7.11% | |
| Real Estate | 6.39% | |
| Industrials | 4.62% | |
| Healthcare | 3.21% | |
| Consumer Discretionary | 2.86% | |
| Tech | -0.56% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.2x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 39% over the next 5 years.
- However this is lower than its past earnings growth rate of 209% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 67% 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 | |
|---|---|---|---|---|---|---|
| BPAT Banco Patagonia | AR$2.84k | 54.6% +AR$720.9b | 1,527.5% | PB3.6x | Financials | |
| TXAR Ternium Argentina | AR$1.03k | 13.6% +AR$555.6b | 159.4% | PE20.1x | Materials | |
| YPFD YPF Sociedad Anónima | AR$27.41k | 4.3% +AR$443.4b | 391.9% | PS0.7x | Energy | |
| ALUA Aluar Aluminio ArgentinoI.C | AR$1.05k | 16.5% +AR$415.8b | 189.1% | PE90.6x | Materials | |
| TGSU2 Transportadora de Gas del Sur | AR$4.55k | 6.0% +AR$193.9b | 261.1% | PE59.6x | Energy |
