A3 Mercados（A3）株式概要A3 Mercados S.A.はアルゼンチン国内および海外で先物・オプション取引を行っている。 詳細A3 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績4/6財務の健全性5/6配当金2/6報酬株価収益率（ 7.6 x） AR市場（ 13.7 x）を下回っています。過去1年間で収益は2462.6%増加しました リスク分析財務結果に影響を与える大きな一時的項目 7.1%の配当は利益で十分にカバーされていない すべてのリスクチェックを見るA3 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW497,212 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG497,212 investors already sharing narrativesYour Fair ValueAR$Current PriceAR$3.50k66.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02t2016201920222025202620282031Revenue AR$2.0tEarnings AR$925.1bAdvancedSet Fair ValueView all narrativesA3 Mercados S.A. 競合他社Bolsas y Mercados ArgentinosSymbol: BASE:BYMAMarket cap: AR$2.4tBanco de ValoresSymbol: BASE:VALOMarket cap: AR$752.5bSBI Global Asset ManagementSymbol: TSE:4765Market cap: JP¥77.9bEuronext Athens HoldingSymbol: ATSE:EXAEMarket cap: €424.6m価格と性能株価の高値、安値、推移の概要A3 Mercados過去の株価現在の株価AR$3,500.0052週高値AR$3,855.0052週安値AR$2,035.00ベータ-0.111ヶ月の変化6.38%3ヶ月変化17.25%1年変化33.08%3年間の変化474.79%5年間の変化1,458.33%IPOからの変化6,912.49%最新ニュースNew Risk • Jun 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Dividend is not well covered by earnings (dividend per share is over 8x earnings per share).お知らせ • Mar 16A3 Mercados S.A., Annual General Meeting, Apr 16, 2026A3 Mercados S.A., Annual General Meeting, Apr 16, 2026. Location: held remotely, ArgentinaReported Earnings • Mar 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: AR$61.4b (up 185% from 2Q 2025). Net income: AR$38.0b (up AR$33.7b from 2Q 2025). Profit margin: 62% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue.Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: AR$94.61 (vs AR$5.54 loss in 1Q 2025)First quarter 2026 results: EPS: AR$94.61 (up from AR$5.54 loss in 1Q 2025). Revenue: AR$52.9b (up 227% from 1Q 2025). Net income: AR$21.8b (up AR$22.5b from 1Q 2025). Profit margin: 41% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,610, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 1,028% over the past three years.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$3,100, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 804% over the past three years.最新情報をもっと見るRecent updatesNew Risk • Jun 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Dividend is not well covered by earnings (dividend per share is over 8x earnings per share).お知らせ • Mar 16A3 Mercados S.A., Annual General Meeting, Apr 16, 2026A3 Mercados S.A., Annual General Meeting, Apr 16, 2026. Location: held remotely, ArgentinaReported Earnings • Mar 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: AR$61.4b (up 185% from 2Q 2025). Net income: AR$38.0b (up AR$33.7b from 2Q 2025). Profit margin: 62% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue.Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: AR$94.61 (vs AR$5.54 loss in 1Q 2025)First quarter 2026 results: EPS: AR$94.61 (up from AR$5.54 loss in 1Q 2025). Revenue: AR$52.9b (up 227% from 1Q 2025). Net income: AR$21.8b (up AR$22.5b from 1Q 2025). Profit margin: 41% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,610, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 1,028% over the past three years.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$3,100, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 804% over the past three years.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$2,530, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 10x in the Capital Markets industry in South America. Total returns to shareholders of 784% over the past three years.Reported Earnings • Sep 11Full year 2025 earnings releasedFull year 2025 results: Revenue: AR$103.6b (up 52% from FY 2024). Net income: AR$21.4b (up 267% from FY 2024). Profit margin: 21% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue.お知らせ • Mar 18Matba Rofex S.A., Annual General Meeting, Apr 21, 2025Matba Rofex S.A., Annual General Meeting, Apr 21, 2025. Location: held remotely, Argentinaお知らせ • Mar 13Matba Rofex S.A. (BASE:A3) completed the acquisition of Mercado Abierto Electronico S.A.Matba Rofex S.A. (BASE:A3) signed preliminary merger agreement to acquire Mercado Abierto Electronico S.A. on July 8, 2024. This historic amalgamation will result in a stronger, more efficient, and diversified Continuing Company, with 50-50 percent shareholding. The combination project between MAE and Matba Rofex stems from a shared vision aimed at maximizing the strengths of both institutions and providing a competitive and efficient market. Matba Rofex, born out of the merger of two organizations with more than a century of experience, has been a pioneer in trading financial and agricultural futures and options in the region, offering advanced price hedging tools and developing cutting-edge technology for the full cycle of market interaction. The merger is still subject to the fulfillment of legal requirements and the corresponding corporate and regulatory approvals. Alejandro Dillon, Alejandro de Nevares, Julián Emiliozzi, and Nicolás Lucero of Columbus Investment Banking acted as the exclusive financial advisor to MAE and Matba Rofex. Hugo Bruzone and Lucila Winschel, Estanislao Olmos, Daniela Rey of Bruchou & Funes de Rioja acted as legal advisor to Mercado Abierto Electrónico, Marcelo Villegas and Maria Fraguas of Nicholson and Cano acted as legal advisor to Matba Rofex. Matba Rofex S.A. (BASE:A3) completed the acquisition of Mercado Abierto Electronico S.A. on March 13, 2025. Alejandro Dillon and Julian Emiliozzi of Oaklins acted as the exclusive financial advisor to Matba Rofex and MAE in the merger of their businesses to create A3 Mercados.Reported Earnings • Nov 08First quarter 2025 earnings released: AR$11.97 loss per share (vs AR$6.21 profit in 1Q 2024)First quarter 2025 results: AR$11.97 loss per share (down from AR$6.21 profit in 1Q 2024). Revenue: AR$15.0b (up 51% from 1Q 2024). Net loss: AR$633.0m (down 183% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to AR$2,100, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 974% over the past three years.Reported Earnings • Sep 06Full year 2024 earnings released: EPS: AR$49.87 (vs AR$36.62 in FY 2023)Full year 2024 results: EPS: AR$49.87 (up from AR$36.62 in FY 2023). Revenue: AR$68.1b (up 253% from FY 2023). Net income: AR$5.84b (up 30% from FY 2023). Profit margin: 8.6% (down from 23% in FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Jun 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.6% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AR$1,535, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 741% over the past three years.お知らせ • Apr 27Matba Rofex S.A. acquired a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A.Matba Rofex S.A. acquired a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A. on April 25, 2024. Matba Rofex S.A. completed the acquisition of a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A. on April 25, 2024.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AR$1,263, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 684% over the past three years.Reported Earnings • Feb 12Second quarter 2024 earnings released: EPS: AR$56.02 (vs AR$24.73 in 2Q 2023)Second quarter 2024 results: EPS: AR$56.02 (up from AR$24.73 in 2Q 2023). Revenue: AR$12.0b (up 4.4% from 2Q 2023). Net income: AR$6.89b (up 126% from 2Q 2023). Profit margin: 57% (up from 27% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to AR$1,341, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 8x in the Capital Markets industry in South America. Total returns to shareholders of 725% over the past three years.Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to AR$1,380, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 8x in the Capital Markets industry in South America. Total returns to shareholders of 869% over the past three years.Reported Earnings • Nov 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: AR$6.48b (up 187% from 1Q 2023). Net income: AR$497.8m (up 151% from 1Q 2023). Profit margin: 7.7% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 23%After last week's 23% share price gain to AR$805, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 7x in the Capital Markets industry in South America. Total returns to shareholders of 478% over the past three years.Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AR$39.85 (vs AR$10.11 in FY 2022)Full year 2023 results: EPS: AR$39.85 (up from AR$10.11 in FY 2022). Revenue: AR$19.3b (up 243% from FY 2022). Net income: AR$4.50b (up 262% from FY 2022). Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 18New major risk - Revenue and earnings growthRevenue has declined by 16% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Revenue has declined by 16% over the past year. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: AR$8.61 (vs AR$4.32 in 2Q 2022)Second quarter 2023 results: EPS: AR$8.61 (up from AR$4.32 in 2Q 2022). Revenue: AR$3.19b (up 141% from 2Q 2022). Net income: AR$976.0m (up 81% from 2Q 2022). Profit margin: 31% (down from 41% in 2Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$480, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 145% over the past year.Reported Earnings • Nov 18First quarter 2023 earnings released: EPS: AR$1.52 (vs AR$0.99 in 1Q 2022)First quarter 2023 results: EPS: AR$1.52 (up from AR$0.99 in 1Q 2022). Revenue: AR$1.92b (up 110% from 1Q 2022). Net income: AR$168.9m (up 42% from 1Q 2022). Profit margin: 8.8% (down from 13% in 1Q 2022).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 25% share price gain to AR$368, the stock trades at a trailing P/E ratio of 65.5x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 71% over the past year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Feb 16Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: AR$3.75 (down from AR$4.40 in 2Q 2021). Revenue: AR$1.02b (up 8.4% from 2Q 2021). Net income: AR$449.2m (down 17% from 2Q 2021). Profit margin: 44% (down from 58% in 2Q 2021). Revenue was in line with analyst estimates.Reported Earnings • Nov 14First quarter 2022 earnings released: EPS AR$0.89 (vs AR$3.32 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: AR$832.3m (up 35% from 1Q 2021). Net income: AR$108.3m (down 73% from 1Q 2021). Profit margin: 13% (down from 66% in 1Q 2021).Reported Earnings • Sep 15Full year 2021 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: AR$3.48b (up 106% from FY 2020). Net income: AR$1.41b (up 101% from FY 2020). Profit margin: 41% (in line with FY 2020).株主還元A3AR Capital MarketsAR 市場7D0.6%1.2%0.8%1Y33.1%29.1%46.4%株主還元を見る業界別リターン: A3過去 1 年間で29.1 % の収益を上げたAR Capital Markets業界を上回りました。リターン対市場: A3は、過去 1 年間で46.4 % のリターンを上げたAR市場を下回りました。価格変動Is A3's price volatile compared to industry and market?A3 volatilityA3 Average Weekly Movement3.1%Capital Markets Industry Average Movement4.0%Market Average Movement4.9%10% most volatile stocks in AR Market7.5%10% least volatile stocks in AR Market3.4%安定した株価: A3 、 AR市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: A3の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイトn/a574Robert Olsona3mercados.com.arA3 Mercados S.A.はアルゼンチン国内および国際的な先物・オプション取引を行っている。スポット、デリバティブ、OTC、外国為替を含む金融・農産物商品の取引、ポストトレード・サービスの提供、ベンチマーク・インデックスを通じた市場動向のモニタリングを行っている。テクノロジー事業への投資も行っている。旧社名はMatba Rofex S.A.で、2025年3月にA3 Mercados S.A.に社名変更した。A3 Mercados S.A.は1907年に設立され、アルゼンチンのロサリオに本拠を置く。もっと見るA3 Mercados S.A. 基礎のまとめA3 Mercados の収益と売上を時価総額と比較するとどうか。A3 基礎統計学時価総額AR$860.10b収益（TTM）AR$113.75b売上高(TTM)AR$245.40b7.6xPER（株価収益率3.5xP/SレシオA3 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計A3 損益計算書（TTM）収益AR$245.40b売上原価AR$81.78b売上総利益AR$163.62bその他の費用AR$49.87b収益AR$113.75b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）462.89グロス・マージン66.67%純利益率46.35%有利子負債／自己資本比率0.4%A3 の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.1%現在の配当利回り886%配当性向View Valuation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2026/07/06 13:14終値2026/07/03 00:00収益2026/03/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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A3 Mercados S.A. 0 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。0
New Risk • Jun 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Dividend is not well covered by earnings (dividend per share is over 8x earnings per share).
お知らせ • Mar 16A3 Mercados S.A., Annual General Meeting, Apr 16, 2026A3 Mercados S.A., Annual General Meeting, Apr 16, 2026. Location: held remotely, Argentina
Reported Earnings • Mar 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: AR$61.4b (up 185% from 2Q 2025). Net income: AR$38.0b (up AR$33.7b from 2Q 2025). Profit margin: 62% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: AR$94.61 (vs AR$5.54 loss in 1Q 2025)First quarter 2026 results: EPS: AR$94.61 (up from AR$5.54 loss in 1Q 2025). Revenue: AR$52.9b (up 227% from 1Q 2025). Net income: AR$21.8b (up AR$22.5b from 1Q 2025). Profit margin: 41% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,610, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 1,028% over the past three years.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$3,100, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 804% over the past three years.
New Risk • Jun 04New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Dividend is not well covered by earnings (dividend per share is over 8x earnings per share).
お知らせ • Mar 16A3 Mercados S.A., Annual General Meeting, Apr 16, 2026A3 Mercados S.A., Annual General Meeting, Apr 16, 2026. Location: held remotely, Argentina
Reported Earnings • Mar 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: AR$61.4b (up 185% from 2Q 2025). Net income: AR$38.0b (up AR$33.7b from 2Q 2025). Profit margin: 62% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: AR$94.61 (vs AR$5.54 loss in 1Q 2025)First quarter 2026 results: EPS: AR$94.61 (up from AR$5.54 loss in 1Q 2025). Revenue: AR$52.9b (up 227% from 1Q 2025). Net income: AR$21.8b (up AR$22.5b from 1Q 2025). Profit margin: 41% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,610, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 1,028% over the past three years.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$3,100, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 11x in the Capital Markets industry in South America. Total returns to shareholders of 804% over the past three years.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$2,530, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 10x in the Capital Markets industry in South America. Total returns to shareholders of 784% over the past three years.
Reported Earnings • Sep 11Full year 2025 earnings releasedFull year 2025 results: Revenue: AR$103.6b (up 52% from FY 2024). Net income: AR$21.4b (up 267% from FY 2024). Profit margin: 21% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue.
お知らせ • Mar 18Matba Rofex S.A., Annual General Meeting, Apr 21, 2025Matba Rofex S.A., Annual General Meeting, Apr 21, 2025. Location: held remotely, Argentina
お知らせ • Mar 13Matba Rofex S.A. (BASE:A3) completed the acquisition of Mercado Abierto Electronico S.A.Matba Rofex S.A. (BASE:A3) signed preliminary merger agreement to acquire Mercado Abierto Electronico S.A. on July 8, 2024. This historic amalgamation will result in a stronger, more efficient, and diversified Continuing Company, with 50-50 percent shareholding. The combination project between MAE and Matba Rofex stems from a shared vision aimed at maximizing the strengths of both institutions and providing a competitive and efficient market. Matba Rofex, born out of the merger of two organizations with more than a century of experience, has been a pioneer in trading financial and agricultural futures and options in the region, offering advanced price hedging tools and developing cutting-edge technology for the full cycle of market interaction. The merger is still subject to the fulfillment of legal requirements and the corresponding corporate and regulatory approvals. Alejandro Dillon, Alejandro de Nevares, Julián Emiliozzi, and Nicolás Lucero of Columbus Investment Banking acted as the exclusive financial advisor to MAE and Matba Rofex. Hugo Bruzone and Lucila Winschel, Estanislao Olmos, Daniela Rey of Bruchou & Funes de Rioja acted as legal advisor to Mercado Abierto Electrónico, Marcelo Villegas and Maria Fraguas of Nicholson and Cano acted as legal advisor to Matba Rofex. Matba Rofex S.A. (BASE:A3) completed the acquisition of Mercado Abierto Electronico S.A. on March 13, 2025. Alejandro Dillon and Julian Emiliozzi of Oaklins acted as the exclusive financial advisor to Matba Rofex and MAE in the merger of their businesses to create A3 Mercados.
Reported Earnings • Nov 08First quarter 2025 earnings released: AR$11.97 loss per share (vs AR$6.21 profit in 1Q 2024)First quarter 2025 results: AR$11.97 loss per share (down from AR$6.21 profit in 1Q 2024). Revenue: AR$15.0b (up 51% from 1Q 2024). Net loss: AR$633.0m (down 183% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to AR$2,100, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 974% over the past three years.
Reported Earnings • Sep 06Full year 2024 earnings released: EPS: AR$49.87 (vs AR$36.62 in FY 2023)Full year 2024 results: EPS: AR$49.87 (up from AR$36.62 in FY 2023). Revenue: AR$68.1b (up 253% from FY 2023). Net income: AR$5.84b (up 30% from FY 2023). Profit margin: 8.6% (down from 23% in FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Jun 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.6% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AR$1,535, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 741% over the past three years.
お知らせ • Apr 27Matba Rofex S.A. acquired a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A.Matba Rofex S.A. acquired a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A. on April 25, 2024. Matba Rofex S.A. completed the acquisition of a 42.50% stake in Rosario Administradora Sociedad Fiduciaria S.A. on April 25, 2024.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AR$1,263, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 684% over the past three years.
Reported Earnings • Feb 12Second quarter 2024 earnings released: EPS: AR$56.02 (vs AR$24.73 in 2Q 2023)Second quarter 2024 results: EPS: AR$56.02 (up from AR$24.73 in 2Q 2023). Revenue: AR$12.0b (up 4.4% from 2Q 2023). Net income: AR$6.89b (up 126% from 2Q 2023). Profit margin: 57% (up from 27% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to AR$1,341, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 8x in the Capital Markets industry in South America. Total returns to shareholders of 725% over the past three years.
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to AR$1,380, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 8x in the Capital Markets industry in South America. Total returns to shareholders of 869% over the past three years.
Reported Earnings • Nov 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: AR$6.48b (up 187% from 1Q 2023). Net income: AR$497.8m (up 151% from 1Q 2023). Profit margin: 7.7% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 23%After last week's 23% share price gain to AR$805, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 7x in the Capital Markets industry in South America. Total returns to shareholders of 478% over the past three years.
Reported Earnings • Sep 12Full year 2023 earnings released: EPS: AR$39.85 (vs AR$10.11 in FY 2022)Full year 2023 results: EPS: AR$39.85 (up from AR$10.11 in FY 2022). Revenue: AR$19.3b (up 243% from FY 2022). Net income: AR$4.50b (up 262% from FY 2022). Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 18New major risk - Revenue and earnings growthRevenue has declined by 16% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Revenue has declined by 16% over the past year. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: AR$8.61 (vs AR$4.32 in 2Q 2022)Second quarter 2023 results: EPS: AR$8.61 (up from AR$4.32 in 2Q 2022). Revenue: AR$3.19b (up 141% from 2Q 2022). Net income: AR$976.0m (up 81% from 2Q 2022). Profit margin: 31% (down from 41% in 2Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Dec 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$480, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 145% over the past year.
Reported Earnings • Nov 18First quarter 2023 earnings released: EPS: AR$1.52 (vs AR$0.99 in 1Q 2022)First quarter 2023 results: EPS: AR$1.52 (up from AR$0.99 in 1Q 2022). Revenue: AR$1.92b (up 110% from 1Q 2022). Net income: AR$168.9m (up 42% from 1Q 2022). Profit margin: 8.8% (down from 13% in 1Q 2022).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improved over the past weekAfter last week's 25% share price gain to AR$368, the stock trades at a trailing P/E ratio of 65.5x. Average trailing P/E is 9x in the Capital Markets industry in South America. Total returns to shareholders of 71% over the past year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (12 non-independent directors). President & President of the Board Andres Ponte was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 16Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: AR$3.75 (down from AR$4.40 in 2Q 2021). Revenue: AR$1.02b (up 8.4% from 2Q 2021). Net income: AR$449.2m (down 17% from 2Q 2021). Profit margin: 44% (down from 58% in 2Q 2021). Revenue was in line with analyst estimates.
Reported Earnings • Nov 14First quarter 2022 earnings released: EPS AR$0.89 (vs AR$3.32 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: AR$832.3m (up 35% from 1Q 2021). Net income: AR$108.3m (down 73% from 1Q 2021). Profit margin: 13% (down from 66% in 1Q 2021).
Reported Earnings • Sep 15Full year 2021 earnings releasedThe company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: AR$3.48b (up 106% from FY 2020). Net income: AR$1.41b (up 101% from FY 2020). Profit margin: 41% (in line with FY 2020).
