View ValuationA3 Mercados 将来の成長Future 基準チェック /06現在、 A3 Mercadosの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Capital Markets 収益成長13.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a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 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). このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、A3 Mercados は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測BASE:A3 - 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3/31/2026245,401113,753168,011168,945N/A12/31/2025228,488119,744158,640159,262N/A9/30/2025136,81544,10369,68970,244N/A6/30/2025118,42322,24948,42649,144N/A3/31/202588,7244,43926,20226,992N/A12/31/202484,331-6,44914,37015,261N/A9/30/202492,9935,65139,47540,613N/A6/30/202494,9178,14711,25212,393N/A3/31/202496,28213,44036,51537,744N/A12/31/202392,77429,2633,3524,498N/A9/30/202384,51417,771-82,081-81,236N/A6/30/202371,62316,725-36,560-35,952N/A3/31/202351,2409,895-62,651-62,226N/A12/31/202240,3356,8737,0617,467N/A9/30/202221,2353,06246,18746,587N/A6/30/202214,2992,67820,92121,293N/A3/31/20229,1642,34943,21943,520N/A12/31/20217,8492,3035,1655,358N/A9/30/20216,5531,985512649N/A6/30/20215,6992,3144,7794,904N/A3/31/20214,4562,140-3,378-3,301N/A12/31/20203,6481,688-1,418-1,361N/A9/30/20202,8221,453-2,391-2,606N/A6/30/20202,402884-1,114-1,066N/A1/31/2018454330N/A390N/A10/31/2017396288N/A376N/A7/31/2017338246N/A362N/A4/30/2017315260N/A-2N/A1/31/2017292285N/A-366N/A10/31/2016268317N/A57N/A7/31/2016244349N/A480N/A4/30/2016191272N/A810N/A1/31/2016139195N/A1,140N/A10/31/2015116133N/A679N/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: A3の予測収益成長が 貯蓄率 ( 9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: A3の収益がAR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: A3の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: A3の収益がAR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: A3の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。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: A3の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YDiversified-financials 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2026/08/09 06:35終値2026/08/07 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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.
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).