View ValuationBanco Macro 将来の成長Future 基準チェック /36Banco Macro利益と収益がそれぞれ年間32.5%と18.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.8% 43.2%なると予測されています。主要情報32.5%収益成長率43.17%EPS成長率Banks 収益成長11.9%収益成長率18.8%将来の株主資本利益率17.80%アナリストカバレッジGood最終更新日22 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 12Banco Macro S.A. to Report Q1, 2026 Results on May 27, 2026Banco Macro S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 137% Payout ratio in 3 years: 108% Minor Risk Large one-off items impacting financial results.New Risk • Apr 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (137% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • Apr 08Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024)Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.お知らせ • Mar 23Banco Macro S.A., Annual General Meeting, Apr 08, 2026Banco Macro S.A., Annual General Meeting, Apr 08, 2026.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$7.67, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 4.8% over the past year.Reported Earnings • Feb 26Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024)Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Banks industry in Argentina.お知らせ • Feb 10Banco Macro S.A. to Report Q4, 2025 Results on Feb 25, 2026Banco Macro S.A. announced that they will report Q4, 2025 results at 5:00 PM, Argentina Standard Time on Feb 25, 2026Upcoming Dividend • Jan 21Upcoming dividend of AR$61.72 per shareEligible shareholders must have bought the stock before 28 January 2026. Payment date: 29 January 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Lower than top quartile of Argentinean dividend payers (8.6%). Lower than average of industry peers (6.3%).Reported Earnings • Dec 01Third quarter 2025 earnings released: AR$51.80 loss per share (vs AR$142 profit in 3Q 2024)Third quarter 2025 results: AR$51.80 loss per share (down from AR$142 profit in 3Q 2024). Revenue: AR$779.6b (down 5.9% from 3Q 2024). Net loss: AR$33.1b (down 136% from profit in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Banks industry in Argentina.お知らせ • Nov 21Banco Macro S.A. to Report Q3, 2025 Results on Nov 26, 2025Banco Macro S.A. announced that they will report Q3, 2025 results After-Market on Nov 26, 2025Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$7.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 9.1% over the past year.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 35% over the past year.お知らせ • Oct 09Banco Macro S.A. (BASE:BMA) announces an Equity Buyback for 30,000,000 shares, representing 10% for ARS 225,000 million.Banco Macro S.A. (BASE:BMA) announces a share repurchase program. Under the program, the company will repurchase 30,000,000 shares, representing 10% of its issued share capital, for a total of ARS 225,000 million. The shares will be purchased at a maximum price of ARS 7,500 per share. The plan will be valid till 60 calendar days, from the date following the publication date of the relevant information in the Bulletin of the Buenos Aires Stock Exchange, subject to any further renewal or extension, which shall be duly informed to the public in such Bulletin.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$4.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 27% over the past year.Upcoming Dividend • Sep 19Upcoming dividend of AR$56.06 per shareEligible shareholders must have bought the stock before 26 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Argentinean dividend payers (10%). Lower than average of industry peers (13%).Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$4.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$2.28 per share.New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: AR$233 (vs AR$348 loss in 2Q 2024)Second quarter 2025 results: EPS: AR$233 (up from AR$348 loss in 2Q 2024). Revenue: AR$956.2b (up 28% from 2Q 2024). Net income: AR$149.1b (up AR$371.6b from 2Q 2024). Profit margin: 16% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Banks industry in Argentina.お知らせ • Aug 21+ 1 more updateBanco Macro S.A. Appoints Mr. Lucas Matías Gregorio Alternate Director as Regular DirectorBanco Macro S.A. announced that Mr. Lucas Matías Gregorio, who was formerly acting as Alternate Director, has taken office as Regular Director until the next general shareholders’ meeting, pursuant to the provisions of section 14 of the Bank’s bylaws, in lieu of Mr. Guido Agustín Gallino whose resignation has been accepted.お知らせ • Aug 12Banco Macro S.A. to Report Q2, 2025 Results on Aug 27, 2025Banco Macro S.A. announced that they will report Q2, 2025 results After-Market on Aug 27, 2025Declared Dividend • Jul 21Dividend of AR$54.00 announcedShareholders will receive a dividend of AR$54.00. Ex-date: 29th July 2025 Payment date: 30th July 2025 Dividend yield will be 831%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time.お知らせ • Jul 18Banco Macro S.A. announces Annual dividend, payable on July 30, 2025Banco Macro S.A. announced Annual dividend of ARS 54.0012 per share payable on July 30, 2025, ex-date on July 29, 2025 and record date on July 29, 2025.Declared Dividend • Jun 23Dividend of AR$53.14 announcedShareholders will receive a dividend of AR$53.14. Ex-date: 27th June 2025 Payment date: 30th June 2025 Dividend yield will be 725%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • Jun 02First quarter 2025 earnings released: EPS: AR$70.19 (vs AR$511 in 1Q 2024)First quarter 2025 results: EPS: AR$70.19 (down from AR$511 in 1Q 2024). Revenue: AR$801.0b (down 58% from 1Q 2024). Net income: AR$44.9b (down 86% from 1Q 2024). Profit margin: 5.6% (down from 17% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 21Banco Macro S.A. to Report Q1, 2025 Results on May 28, 2025Banco Macro S.A. announced that they will report Q1, 2025 results on May 28, 2025Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$6.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 40% over the past year.お知らせ • Apr 01Banco Macro S.A. Announces the Appointment of Juan Parma as CEOBanco Macro S.A. announced that the Board of Directors appointed Mr. Juan Parma as its new CEO. This decision is a strategic step forward in the consolidation of Banco Macro's growth plan and reflects the Bank's commitment towards economic development in the country. During his vast experience, Mr. Parma has been a great disruptor, leading initiatives that have translated into greater operating efficiency and have transformed customer experience in the institutions he previously worked for. Mr. Parma's strategic focus has allowed banks in the past to seize market opportunities, thus making him the right fit for Banco Macro S.A. Mr. Parma holds a degree in Business Administration from Universidad Nacional de la Plata a Masters degree in Business Administration from Universidad del CEMA and has participated in multiple international leadership courses in Singapore, France and the United States of America.お知らせ • Mar 01Banco Macro S.A. Proposes DividendBanco Macro S.A. Board of Directors, at its meeting held on February 26 2025, resolved to submit for discussion by the Shareholders’ Meeting the following motions: The partial release of the Optional Reserve Fund for Future Distribution of Profits, in order to apply up to the amount of ARS 300,000,000,000 to the payment of a cash or a dividend in kind, in this case valued at market price, or in any combination of both alternatives, subject to prior authorization by Banco Central de la República Argentina. Please be advised that the dividend shall be subject to a 7% withholding established under section 97 of the Argentine Income Tax Law, as revised in 2019. Delegation to the Board of Directors of the powers to release the Reserve and establish the date, currency and other applicable payment terms and conditions in accordance with the delegation provided for by the Shareholders’ Meeting. Amount expressed in constant currency as of December 3t 2024. The proposed dividend amounts to ARS 469.1800269540 per share, which represents 46,918 % of the capital stock of the Bank of ARS 639,413,408.Reported Earnings • Feb 28Full year 2024 earnings released: EPS: AR$507 (vs AR$919 in FY 2023)Full year 2024 results: EPS: AR$507 (down from AR$919 in FY 2023). Revenue: AR$4.59t (up 62% from FY 2023). Net income: AR$324.1b (down 45% from FY 2023). Profit margin: 7.1% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Banks industry in South America are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 28Banco Macro S.A., Annual General Meeting, Apr 04, 2025Banco Macro S.A., Annual General Meeting, Apr 04, 2025. Location: 1172 eduardo madero avenue, buenos aires Argentinaお知らせ • Feb 21Banco Macro S.A. to Report Q4, 2024 Results on Feb 26, 2025Banco Macro S.A. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$6.56 per share.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$10.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.98 per share.Reported Earnings • Nov 28Third quarter 2024 earnings released: EPS: AR$142 (vs AR$11.71 in 3Q 2023)Third quarter 2024 results: EPS: AR$142 (up from AR$11.71 in 3Q 2023). Revenue: AR$829.2b (up 133% from 3Q 2023). Net income: AR$90.9b (up AR$83.4b from 3Q 2023). Profit margin: 11% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.お知らせ • Nov 20Banco Macro S.A. to Report Q3, 2024 Results on Nov 27, 2024Banco Macro S.A. announced that they will report Q3, 2024 results After-Market on Nov 27, 2024Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$8.22, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.51 per share.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$6.06, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 136% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$5.19 per share.Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: AR$256 (vs AR$69.02 in 2Q 2023)Second quarter 2024 results: EPS: AR$256 (up from AR$69.02 in 2Q 2023). Revenue: AR$981.3b (up 272% from 2Q 2023). Net income: AR$164.0b (up 272% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$5.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$5.64 per share.お知らせ • Aug 09Banco Macro S.A. to Report Q2, 2024 Results on Aug 22, 2024Banco Macro S.A. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.37 per share.Reported Earnings • May 24First quarter 2024 earnings released: EPS: AR$431 (vs AR$18.90 in 1Q 2023)First quarter 2024 results: EPS: AR$431 (up from AR$18.90 in 1Q 2023). Revenue: AR$1.62t (up AR$1.41t from 1Q 2023). Net income: AR$275.4b (up AR$263.3b from 1Q 2023). Profit margin: 17% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in South America.お知らせ • May 11Banco Macro S.A. to Report Q1, 2024 Results on May 22, 2024Banco Macro S.A. announced that they will report Q1, 2024 results at 5:00 PM, Argentina Standard Time on May 22, 2024Board Change • May 02Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 03Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Mar 11Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 09Banco Macro S.A., Annual General Meeting, Apr 12, 2024Banco Macro S.A., Annual General Meeting, Apr 12, 2024, at 11:00 Argentina Standard Time. Location: Avenida Eduardo Madero 1172 Autonomous City of Buenos Aires Buenos Aires Argentina Agenda: To consider appointment of three shareholders to sign the Minutes of the Shareholders' Meeting; to Evaluate the documentation provided for in section 234, subsection 1 of Law No. 19550, for the fiscal year ended December 31 2023; to Evaluate the management of the Board and the Supervisory Committee; to consider application of the retained earnings as of December 31 2023. Total Retained Earnings expressed in constant currency as of December 31 2023; to determine the auditing committee's budget; to appoint the independent auditor for the fiscal year ending December 31 2024; and to consider any other matters.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: AR$919 (vs AR$63.76 in FY 2022)Full year 2023 results: EPS: AR$919 (up from AR$63.76 in FY 2022). Revenue: AR$2.85t (up 475% from FY 2022). Net income: AR$587.3b (up AR$546.5b from FY 2022). Profit margin: 21% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Banks industry in South America.お知らせ • Mar 01Banco Macro S.A. Has Been Given Notice of a Class Action Filed Against ItBANCO MACRO S.A. has been given notice of a class action filed against it and entitled “Protegiendo al Consumidor P.A.C. vs. Banco Macro S.A. on restitution of amounts” (Court File. No. MP-33738/2023). Plaintiff argues that the Bank would be withholding and charging customers and consumers of its branches in the Province of Buenos Aires amounts as “Impuesto País”[1] on purchases of digital services abroad, allegedly in excess of the tax rate established under Sect. 17 of the Decree 99/2019. Therefore, plaintiff pursues the restitution of the amounts charged in excess as “Impuesto País” plus interest, and demands the Bank to stop applying a 30% tax rate to all customers of the branches in the Province of Buenos Aires since the correct rate to apply should be 8%. The claim is pending before Court No. 9 in Civil and Commercial Matters of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets.New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 107% Payout ratio in 3 years: 92% Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future.Board Change • Feb 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 09Banco Macro S.A. to Report Q4, 2023 Results on Feb 28, 2024Banco Macro S.A. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024お知らせ • Dec 08Banco Macro S.A. Announces Resignation of DirectorsBanco Macro S.A. advised that Messrs. Guillermo Merediz and Mariano Ignacio Elizondo have informed their resignations as Regular Director, further expressing that their decisions to leave the Board is strictly based on personal reasons.お知らせ • Nov 30Banco Macro S.A. Announces Update on Class ActionBANCO MACRO S.A. has been given notice of a class action filed against it and entitled Asociación de Defensa de Derechos de Usuarios y Consumidores (ADDUC) vs. Banco Macro S.A. on proceedings pending classification (Court File. No. MP-16648/2023). Plaintiff challenges the fee charged for stop payment on checks drawn by consumers and requests Banco Macro S.A. to stop collecting such fee and to reimburse each affected customer all the amounts received by Banco Macro S.A. as stop payment fee plus interest and punitive damages. The complaint is pending before the Court in Civil and Commercial Matters No. 9 of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets.お知らせ • Nov 15Banco Macro S.A. to Report Q3, 2023 Results on Nov 22, 2023Banco Macro S.A. announced that they will report Q3, 2023 results After-Market on Nov 22, 2023Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022)Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022)Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.お知らせ • Aug 25Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million.Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million on August 23, 2023. The price of the Agreement was set at $50 million, which will be paid on the closing date of the transaction, and an additional amount resulting from a potential adjustment that will be eventually set based on the results obtained by Banco Itaú Argentina S.A., Itaú Asset Management S.A. and Itaú Valores S.A. between April 1, 2023, and the Closing Date. The transaction is subject to the satisfaction of certain conditions (substantially the approval of the transaction by the Central Bank of Argentina).お知らせ • Aug 12Banco Macro S.A. to Report Q2, 2023 Results on Aug 23, 2023Banco Macro S.A. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023お知らせ • Jun 08Itau to Sell Argentine Business to Local Private BankBrazil-based banking firm Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) has announced plans to sell its Argentine business to a local private bank. The firm is said to have launched discussions with Banco Macro S. A (BASE:BMA) to sell its banking operations in Argentina. The talks are at the preliminary stage. Banco Macro is one of the main private banks in Argentina.お知らせ • May 04Banco Macro S.A. to Report Q1, 2023 Results on May 17, 2023Banco Macro S.A. announced that they will report Q1, 2023 results on May 17, 2023お知らせ • Feb 15Banco Macro S.A. to Report Q4, 2022 Results on Feb 23, 2023Banco Macro S.A. announced that they will report Q4, 2022 results at 5:00 PM, Argentina Standard Time on Feb 23, 2023お知らせ • Aug 13Banco Macro S.A. to Report Q2, 2022 Results on Aug 24, 2022Banco Macro S.A. announced that they will report Q2, 2022 results After-Market on Aug 24, 2022お知らせ • May 24Banco Macro S.A. Announces Payment of Cash DividendBoard of Directors at its meeting held on May 23rd 2022, as from June 7th 2022, Banco Macro S.A. shall made available and pay to the shareholders entered in the Bank's stock ledger as of June 6th 2022, a cash dividend in the amount of ARS 9,875,722,171.88 (i.e., ARS 15.44 per share and representing 1,544.5% of the capital stock of ARS 639,413,408), such payment corresponds to installments # 1 to 6.お知らせ • May 19Banco Macro S.A. to Report Q1, 2022 Results on May 23, 2022Banco Macro S.A. announced that they will report Q1, 2022 results After-Market on May 23, 2022お知らせ • Feb 19Banco Macro S.A. to Report Q4, 2021 Results on Feb 23, 2022Banco Macro S.A. announced that they will report Q4, 2021 results After-Market on Feb 23, 2022業績と収益の成長予測BASE:BMA.D - アナリストの将来予測と過去の財務データ ( )ARS Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20288,630,1221,372,710N/AN/A512/31/20276,262,310972,799N/AN/A912/31/20265,325,074588,862N/AN/A912/31/20254,063,621289,495-2,227,420-2,055,475N/A9/30/20252,663,023228,517-2,751,764-2,621,829N/A6/30/20252,976,323381,345-932,655-803,646N/A3/31/20252,752,375-87,589-408,566-278,174N/A12/31/20246,028,829428,1941,044,5951,208,395N/A9/30/20247,737,2181,281,0442,039,2362,205,725N/A6/30/20247,745,8861,184,4401,629,8391,779,348N/A3/31/20248,100,0921,681,7941,719,7021,854,175N/A12/31/20238,146,7101,667,3263,410,6793,574,174N/A9/30/20233,988,217346,0602,556,0802,654,703N/A6/30/20233,176,961344,0551,637,0681,742,630N/A3/31/20232,158,658163,7022,034,0272,126,889N/A12/31/20221,549,284134,0251,074,5091,150,263N/A9/30/2022759,71362,291646,221698,563N/A6/30/2022548,93254,629389,516412,290N/A3/31/2022467,25655,797370,777385,328N/A12/31/2021372,50244,554363,821377,247N/A9/30/2021301,49935,305392,321403,961N/A6/30/2021267,86829,215247,277255,837N/A3/31/2021221,13530,105144,789151,203N/A12/31/2020398,66776,900-43,717-32,908N/A9/30/2020179,03838,677-81,853-76,366N/A6/30/2020153,94540,419-14,061-8,421N/A3/31/2020127,10332,99392,76198,607N/A12/31/2019103,58926,476154,400160,036N/A9/30/201977,92722,069N/A128,996N/A6/30/201969,97216,785N/A87,902N/A3/31/201960,31916,326N/A29,989N/A12/31/201850,01215,729N/A-24,571N/A9/30/201865,1569,462N/A-18,125N/A6/30/201861,9928,368N/A-9,652N/A3/31/201838,00111,602N/A-22,307N/A12/31/201755,9375,939N/A-23,552N/A9/30/201730,0508,658N/A-41,343N/A6/30/201726,0557,557N/A-17,220N/A3/31/201723,1797,138N/A-23,353N/A12/31/201620,1686,541N/A12,630N/A9/30/201619,4466,812N/A23,742N/A6/30/201618,0936,284N/A15,373N/A3/31/201615,9595,303N/A19,852N/A12/31/201515,1745,010N/A4,554N/A9/30/201513,0623,618N/A1,425N/A6/30/201512,1823,499N/A2,469N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BMA.Dの予測収益成長率 (年間32.5% ) は 貯蓄率 ( 8.9% ) を上回っています。収益対市場: BMA.Dの収益 ( 32.5% ) AR市場 ( 34.2% ) よりも低い成長が予測されています。高成長収益: BMA.Dの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: BMA.Dの収益 ( 18.8% ) AR市場 ( 12.6% ) よりも速いペースで成長すると予測されています。高い収益成長: BMA.Dの収益 ( 18.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BMA.Dの 自己資本利益率 は、3年後には低くなると予測されています ( 17.8 %)。成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 19:38終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Banco Macro S.A. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Ernesto Gabilondo MárquezBofA Global ResearchRafael Berger FradeBradesco S.A. Corretora de Títulos e Valores MobiliáriosAlonso AramburúBTG Pactual11 その他のアナリストを表示
お知らせ • May 12Banco Macro S.A. to Report Q1, 2026 Results on May 27, 2026Banco Macro S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026
New Risk • May 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 137% Payout ratio in 3 years: 108% Minor Risk Large one-off items impacting financial results.
New Risk • Apr 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (137% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Apr 08Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024)Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.
お知らせ • Mar 23Banco Macro S.A., Annual General Meeting, Apr 08, 2026Banco Macro S.A., Annual General Meeting, Apr 08, 2026.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$7.67, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 4.8% over the past year.
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: AR$453 (vs AR$507 in FY 2024)Full year 2025 results: EPS: AR$453 (down from AR$507 in FY 2024). Revenue: AR$4.07t (down 11% from FY 2024). Net income: AR$289.5b (down 11% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Banks industry in Argentina.
お知らせ • Feb 10Banco Macro S.A. to Report Q4, 2025 Results on Feb 25, 2026Banco Macro S.A. announced that they will report Q4, 2025 results at 5:00 PM, Argentina Standard Time on Feb 25, 2026
Upcoming Dividend • Jan 21Upcoming dividend of AR$61.72 per shareEligible shareholders must have bought the stock before 28 January 2026. Payment date: 29 January 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.6%. Lower than top quartile of Argentinean dividend payers (8.6%). Lower than average of industry peers (6.3%).
Reported Earnings • Dec 01Third quarter 2025 earnings released: AR$51.80 loss per share (vs AR$142 profit in 3Q 2024)Third quarter 2025 results: AR$51.80 loss per share (down from AR$142 profit in 3Q 2024). Revenue: AR$779.6b (down 5.9% from 3Q 2024). Net loss: AR$33.1b (down 136% from profit in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Banks industry in Argentina.
お知らせ • Nov 21Banco Macro S.A. to Report Q3, 2025 Results on Nov 26, 2025Banco Macro S.A. announced that they will report Q3, 2025 results After-Market on Nov 26, 2025
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$7.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 9.1% over the past year.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 35% over the past year.
お知らせ • Oct 09Banco Macro S.A. (BASE:BMA) announces an Equity Buyback for 30,000,000 shares, representing 10% for ARS 225,000 million.Banco Macro S.A. (BASE:BMA) announces a share repurchase program. Under the program, the company will repurchase 30,000,000 shares, representing 10% of its issued share capital, for a total of ARS 225,000 million. The shares will be purchased at a maximum price of ARS 7,500 per share. The plan will be valid till 60 calendar days, from the date following the publication date of the relevant information in the Bulletin of the Buenos Aires Stock Exchange, subject to any further renewal or extension, which shall be duly informed to the public in such Bulletin.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$4.76, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in South America. Total loss to shareholders of 27% over the past year.
Upcoming Dividend • Sep 19Upcoming dividend of AR$56.06 per shareEligible shareholders must have bought the stock before 26 September 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Argentinean dividend payers (10%). Lower than average of industry peers (13%).
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to US$4.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$2.28 per share.
New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: AR$233 (vs AR$348 loss in 2Q 2024)Second quarter 2025 results: EPS: AR$233 (up from AR$348 loss in 2Q 2024). Revenue: AR$956.2b (up 28% from 2Q 2024). Net income: AR$149.1b (up AR$371.6b from 2Q 2024). Profit margin: 16% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Banks industry in Argentina.
お知らせ • Aug 21+ 1 more updateBanco Macro S.A. Appoints Mr. Lucas Matías Gregorio Alternate Director as Regular DirectorBanco Macro S.A. announced that Mr. Lucas Matías Gregorio, who was formerly acting as Alternate Director, has taken office as Regular Director until the next general shareholders’ meeting, pursuant to the provisions of section 14 of the Bank’s bylaws, in lieu of Mr. Guido Agustín Gallino whose resignation has been accepted.
お知らせ • Aug 12Banco Macro S.A. to Report Q2, 2025 Results on Aug 27, 2025Banco Macro S.A. announced that they will report Q2, 2025 results After-Market on Aug 27, 2025
Declared Dividend • Jul 21Dividend of AR$54.00 announcedShareholders will receive a dividend of AR$54.00. Ex-date: 29th July 2025 Payment date: 30th July 2025 Dividend yield will be 831%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time.
お知らせ • Jul 18Banco Macro S.A. announces Annual dividend, payable on July 30, 2025Banco Macro S.A. announced Annual dividend of ARS 54.0012 per share payable on July 30, 2025, ex-date on July 29, 2025 and record date on July 29, 2025.
Declared Dividend • Jun 23Dividend of AR$53.14 announcedShareholders will receive a dividend of AR$53.14. Ex-date: 27th June 2025 Payment date: 30th June 2025 Dividend yield will be 725%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 85% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • Jun 02First quarter 2025 earnings released: EPS: AR$70.19 (vs AR$511 in 1Q 2024)First quarter 2025 results: EPS: AR$70.19 (down from AR$511 in 1Q 2024). Revenue: AR$801.0b (down 58% from 1Q 2024). Net income: AR$44.9b (down 86% from 1Q 2024). Profit margin: 5.6% (down from 17% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Banks industry in Argentina. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 21Banco Macro S.A. to Report Q1, 2025 Results on May 28, 2025Banco Macro S.A. announced that they will report Q1, 2025 results on May 28, 2025
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$6.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 40% over the past year.
お知らせ • Apr 01Banco Macro S.A. Announces the Appointment of Juan Parma as CEOBanco Macro S.A. announced that the Board of Directors appointed Mr. Juan Parma as its new CEO. This decision is a strategic step forward in the consolidation of Banco Macro's growth plan and reflects the Bank's commitment towards economic development in the country. During his vast experience, Mr. Parma has been a great disruptor, leading initiatives that have translated into greater operating efficiency and have transformed customer experience in the institutions he previously worked for. Mr. Parma's strategic focus has allowed banks in the past to seize market opportunities, thus making him the right fit for Banco Macro S.A. Mr. Parma holds a degree in Business Administration from Universidad Nacional de la Plata a Masters degree in Business Administration from Universidad del CEMA and has participated in multiple international leadership courses in Singapore, France and the United States of America.
お知らせ • Mar 01Banco Macro S.A. Proposes DividendBanco Macro S.A. Board of Directors, at its meeting held on February 26 2025, resolved to submit for discussion by the Shareholders’ Meeting the following motions: The partial release of the Optional Reserve Fund for Future Distribution of Profits, in order to apply up to the amount of ARS 300,000,000,000 to the payment of a cash or a dividend in kind, in this case valued at market price, or in any combination of both alternatives, subject to prior authorization by Banco Central de la República Argentina. Please be advised that the dividend shall be subject to a 7% withholding established under section 97 of the Argentine Income Tax Law, as revised in 2019. Delegation to the Board of Directors of the powers to release the Reserve and establish the date, currency and other applicable payment terms and conditions in accordance with the delegation provided for by the Shareholders’ Meeting. Amount expressed in constant currency as of December 3t 2024. The proposed dividend amounts to ARS 469.1800269540 per share, which represents 46,918 % of the capital stock of the Bank of ARS 639,413,408.
Reported Earnings • Feb 28Full year 2024 earnings released: EPS: AR$507 (vs AR$919 in FY 2023)Full year 2024 results: EPS: AR$507 (down from AR$919 in FY 2023). Revenue: AR$4.59t (up 62% from FY 2023). Net income: AR$324.1b (down 45% from FY 2023). Profit margin: 7.1% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.2% p.a. on average during the next 2 years, while revenues in the Banks industry in South America are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 28Banco Macro S.A., Annual General Meeting, Apr 04, 2025Banco Macro S.A., Annual General Meeting, Apr 04, 2025. Location: 1172 eduardo madero avenue, buenos aires Argentina
お知らせ • Feb 21Banco Macro S.A. to Report Q4, 2024 Results on Feb 26, 2025Banco Macro S.A. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$11.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$6.56 per share.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$10.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.98 per share.
Reported Earnings • Nov 28Third quarter 2024 earnings released: EPS: AR$142 (vs AR$11.71 in 3Q 2023)Third quarter 2024 results: EPS: AR$142 (up from AR$11.71 in 3Q 2023). Revenue: AR$829.2b (up 133% from 3Q 2023). Net income: AR$90.9b (up AR$83.4b from 3Q 2023). Profit margin: 11% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.
お知らせ • Nov 20Banco Macro S.A. to Report Q3, 2024 Results on Nov 27, 2024Banco Macro S.A. announced that they will report Q3, 2024 results After-Market on Nov 27, 2024
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$8.22, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$4.51 per share.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$6.06, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 136% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$5.19 per share.
Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: AR$256 (vs AR$69.02 in 2Q 2023)Second quarter 2024 results: EPS: AR$256 (up from AR$69.02 in 2Q 2023). Revenue: AR$981.3b (up 272% from 2Q 2023). Net income: AR$164.0b (up 272% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$5.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in South America. Simply Wall St's valuation model estimates the intrinsic value at US$5.64 per share.
お知らせ • Aug 09Banco Macro S.A. to Report Q2, 2024 Results on Aug 22, 2024Banco Macro S.A. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$4.37 per share.
Reported Earnings • May 24First quarter 2024 earnings released: EPS: AR$431 (vs AR$18.90 in 1Q 2023)First quarter 2024 results: EPS: AR$431 (up from AR$18.90 in 1Q 2023). Revenue: AR$1.62t (up AR$1.41t from 1Q 2023). Net income: AR$275.4b (up AR$263.3b from 1Q 2023). Profit margin: 17% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in South America.
お知らせ • May 11Banco Macro S.A. to Report Q1, 2024 Results on May 22, 2024Banco Macro S.A. announced that they will report Q1, 2024 results at 5:00 PM, Argentina Standard Time on May 22, 2024
Board Change • May 02Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 03Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Mar 11Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 09Banco Macro S.A., Annual General Meeting, Apr 12, 2024Banco Macro S.A., Annual General Meeting, Apr 12, 2024, at 11:00 Argentina Standard Time. Location: Avenida Eduardo Madero 1172 Autonomous City of Buenos Aires Buenos Aires Argentina Agenda: To consider appointment of three shareholders to sign the Minutes of the Shareholders' Meeting; to Evaluate the documentation provided for in section 234, subsection 1 of Law No. 19550, for the fiscal year ended December 31 2023; to Evaluate the management of the Board and the Supervisory Committee; to consider application of the retained earnings as of December 31 2023. Total Retained Earnings expressed in constant currency as of December 31 2023; to determine the auditing committee's budget; to appoint the independent auditor for the fiscal year ending December 31 2024; and to consider any other matters.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: AR$919 (vs AR$63.76 in FY 2022)Full year 2023 results: EPS: AR$919 (up from AR$63.76 in FY 2022). Revenue: AR$2.85t (up 475% from FY 2022). Net income: AR$587.3b (up AR$546.5b from FY 2022). Profit margin: 21% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Banks industry in South America.
お知らせ • Mar 01Banco Macro S.A. Has Been Given Notice of a Class Action Filed Against ItBANCO MACRO S.A. has been given notice of a class action filed against it and entitled “Protegiendo al Consumidor P.A.C. vs. Banco Macro S.A. on restitution of amounts” (Court File. No. MP-33738/2023). Plaintiff argues that the Bank would be withholding and charging customers and consumers of its branches in the Province of Buenos Aires amounts as “Impuesto País”[1] on purchases of digital services abroad, allegedly in excess of the tax rate established under Sect. 17 of the Decree 99/2019. Therefore, plaintiff pursues the restitution of the amounts charged in excess as “Impuesto País” plus interest, and demands the Bank to stop applying a 30% tax rate to all customers of the branches in the Province of Buenos Aires since the correct rate to apply should be 8%. The claim is pending before Court No. 9 in Civil and Commercial Matters of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets.
New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 107% Payout ratio in 3 years: 92% Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future.
Board Change • Feb 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Hugo Raul Lazzarini was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 09Banco Macro S.A. to Report Q4, 2023 Results on Feb 28, 2024Banco Macro S.A. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024
お知らせ • Dec 08Banco Macro S.A. Announces Resignation of DirectorsBanco Macro S.A. advised that Messrs. Guillermo Merediz and Mariano Ignacio Elizondo have informed their resignations as Regular Director, further expressing that their decisions to leave the Board is strictly based on personal reasons.
お知らせ • Nov 30Banco Macro S.A. Announces Update on Class ActionBANCO MACRO S.A. has been given notice of a class action filed against it and entitled Asociación de Defensa de Derechos de Usuarios y Consumidores (ADDUC) vs. Banco Macro S.A. on proceedings pending classification (Court File. No. MP-16648/2023). Plaintiff challenges the fee charged for stop payment on checks drawn by consumers and requests Banco Macro S.A. to stop collecting such fee and to reimburse each affected customer all the amounts received by Banco Macro S.A. as stop payment fee plus interest and punitive damages. The complaint is pending before the Court in Civil and Commercial Matters No. 9 of Mar del Plata. Banco Macro S.A. deems there is low probability of getting an unfavorable court decision in this dispute, and even if that were the case, such unfavorable decision would not have a material impact on its assets.
お知らせ • Nov 15Banco Macro S.A. to Report Q3, 2023 Results on Nov 22, 2023Banco Macro S.A. announced that they will report Q3, 2023 results After-Market on Nov 22, 2023
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022)Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: AR$69.06 (vs AR$10.35 in 2Q 2022)Second quarter 2023 results: EPS: AR$69.06 (up from AR$10.35 in 2Q 2022). Revenue: AR$264.1b (up 128% from 2Q 2022). Net income: AR$44.1b (up AR$37.5b from 2Q 2022). Profit margin: 17% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
お知らせ • Aug 25Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million.Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million on August 23, 2023. The price of the Agreement was set at $50 million, which will be paid on the closing date of the transaction, and an additional amount resulting from a potential adjustment that will be eventually set based on the results obtained by Banco Itaú Argentina S.A., Itaú Asset Management S.A. and Itaú Valores S.A. between April 1, 2023, and the Closing Date. The transaction is subject to the satisfaction of certain conditions (substantially the approval of the transaction by the Central Bank of Argentina).
お知らせ • Aug 12Banco Macro S.A. to Report Q2, 2023 Results on Aug 23, 2023Banco Macro S.A. announced that they will report Q2, 2023 results After-Market on Aug 23, 2023
お知らせ • Jun 08Itau to Sell Argentine Business to Local Private BankBrazil-based banking firm Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) has announced plans to sell its Argentine business to a local private bank. The firm is said to have launched discussions with Banco Macro S. A (BASE:BMA) to sell its banking operations in Argentina. The talks are at the preliminary stage. Banco Macro is one of the main private banks in Argentina.
お知らせ • May 04Banco Macro S.A. to Report Q1, 2023 Results on May 17, 2023Banco Macro S.A. announced that they will report Q1, 2023 results on May 17, 2023
お知らせ • Feb 15Banco Macro S.A. to Report Q4, 2022 Results on Feb 23, 2023Banco Macro S.A. announced that they will report Q4, 2022 results at 5:00 PM, Argentina Standard Time on Feb 23, 2023
お知らせ • Aug 13Banco Macro S.A. to Report Q2, 2022 Results on Aug 24, 2022Banco Macro S.A. announced that they will report Q2, 2022 results After-Market on Aug 24, 2022
お知らせ • May 24Banco Macro S.A. Announces Payment of Cash DividendBoard of Directors at its meeting held on May 23rd 2022, as from June 7th 2022, Banco Macro S.A. shall made available and pay to the shareholders entered in the Bank's stock ledger as of June 6th 2022, a cash dividend in the amount of ARS 9,875,722,171.88 (i.e., ARS 15.44 per share and representing 1,544.5% of the capital stock of ARS 639,413,408), such payment corresponds to installments # 1 to 6.
お知らせ • May 19Banco Macro S.A. to Report Q1, 2022 Results on May 23, 2022Banco Macro S.A. announced that they will report Q1, 2022 results After-Market on May 23, 2022
お知らせ • Feb 19Banco Macro S.A. to Report Q4, 2021 Results on Feb 23, 2022Banco Macro S.A. announced that they will report Q4, 2021 results After-Market on Feb 23, 2022