View Future GrowthB-Gaming 과거 순이익 실적과거 기준 점검 4/6B-Gaming은 연평균 1%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 10.4% 증가했습니다. 매출은 연평균 37.3%의 비율로 증가했습니다. B-Gaming의 자기자본이익률은 48%이고 순이익률은 14.9%입니다.핵심 정보1.02%순이익 성장률-6.38%주당순이익(EPS) 성장률IT 산업 성장률15.31%매출 성장률37.26%자기자본이익률48.00%순이익률14.87%최근 순이익 업데이트31 Jan 2026최근 과거 실적 업데이트Reported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesReported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to AR$239, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 216% over the past three years.Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.New Risk • Mar 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 38% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (AR$67.4b market cap, or US$63.0m).Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.New Risk • Jan 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AR$71.0b market cap, or US$67.9m).Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AR$67.1b market cap, or US$78.8m).Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to AR$188, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the IT industry globally. Total returns to shareholders of 11% over the past three years.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$207, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 39% over the past three years.Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AR$30.2b (US$86.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (AR$30.2b market cap, or US$86.2m).Reported Earnings • Jun 17Second quarter 2023 earnings released: EPS: AR$0.96 (vs AR$1.37 in 2Q 2022)Second quarter 2023 results: EPS: AR$0.96 (down from AR$1.37 in 2Q 2022). Revenue: AR$3.23b (up 41% from 2Q 2022). Net income: AR$326.9m (down 30% from 2Q 2022). Profit margin: 10% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 17First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: AR$2.80b (up 54% from 1Q 2022). Net income: AR$271.9m (down 22% from 1Q 2022). Profit margin: 9.7% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Reported Earnings • Jan 14Full year 2022 earnings released: EPS: AR$2.93 (vs AR$6.15 in FY 2021)Full year 2022 results: EPS: AR$2.93 (down from AR$6.15 in FY 2021). Revenue: AR$9.78b (down 4.4% from FY 2021). Net income: AR$995.3m (down 52% from FY 2021). Profit margin: 10% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$98.00, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 10x in the IT industry in South America. Total returns to shareholders of 40% over the past three years.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 (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Buying Opportunity • Jun 29Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$65.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.Buying Opportunity • May 30Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$64.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.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 (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be AR$62.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.Buying Opportunity • Mar 15Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be AR$63.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.Upcoming Dividend • Mar 03Upcoming dividend of AR$2.00 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 11 March 2022. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 6.9%. Within top quartile of Argentinean dividend payers (4.6%). Higher than average of industry peers (2.9%).Buying Opportunity • Feb 27Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be AR$65.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.Reported Earnings • Sep 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$1.10b (up 108% from 3Q 2020). Net income: AR$175.9m (up 145% from 3Q 2020). Profit margin: 16% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorated over the past weekAfter last week's 77% share price decline to AR$48.40, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 25x in the IT industry in South America. Total loss to shareholders of 43% over the past year.Is New 90 Day High Low • Mar 03New 90-day high: AR$220The company is up 3.0% from its price of AR$213 on 02 December 2020. The Argentinean market is down 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 26% over the same period.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 17% share price gain to AR$210, the stock is trading at a trailing P/E ratio of 32.9x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 32x in the IT industry in South America. Total returns to shareholders over the past year are 203%.Is New 90 Day High Low • Nov 17New 90-day high: AR$181The company is up 36% from its price of AR$133 on 19 August 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.Is New 90 Day High Low • Oct 31New 90-day high: AR$174The company is up 49% from its price of AR$117 on 31 July 2020. The Argentinean market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 11% over the same period.Is New 90 Day High Low • Oct 16New 90-day high: AR$153The company is up 38% from its price of AR$111 on 17 July 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.Is New 90 Day High Low • Sep 26New 90-day high: AR$136The company is up 22% from its price of AR$111 on 26 June 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.Reported Earnings • Sep 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$319.6m, down 70% from the prior year. Total revenue was AR$2.02b over the last 12 months, down 48% from the prior year.Reported Earnings • Sep 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$433.0m, down 54% from the prior year. Total revenue was AR$2.40b over the last 12 months, down 32% from the prior year.매출 및 비용 세부 내역B-Gaming가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BASE:GAMI 매출, 비용 및 순이익 (ARS Millions)날짜매출순이익일반관리비연구개발비31 Jan 2673,29410,9025,842031 Oct 2570,1588,1067,240031 Jul 2569,9083,41011,576030 Apr 2565,6701,94811,223031 Jan 2561,690-912,053031 Oct 2458,058-8,08911,731031 Jul 2459,407-8,26212,873030 Apr 2461,361-7,58413,194031 Jan 2465,514-5,56513,498031 Oct 2365,0312,76812,902031 Jul 2355,1763,02510,558030 Apr 2344,5983,6168,457031 Jan 2333,4993,0066,582031 Oct 2223,7272,4154,536031 Jul 2217,0833,1412,369030 Apr 2214,6652,9231,992031 Jan 2212,1322,4471,704031 Oct 2110,2262,0901,490031 Jul 218,0601,6721,111030 Apr 216,9811,4801,042031 Jan 215,3461,038776031 Oct 204,623937665031 Jul 204,055762399030 Apr 204,172951384031 Jan 204,2861,087377031 Oct 193,9791,042333031 Jul 193,8941,054532030 Apr 193,742945530031 Jan 193,689970521031 Oct 183,554962499031 Oct 171,615534198031 Oct 161,213347204031 Oct 159062021410양질의 수익: GAMI는 고품질 수익을 보유하고 있습니다.이익 마진 증가: GAMI는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: GAMI의 수익은 지난 5년 동안 연평균 1% 증가했습니다.성장 가속화: GAMI는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: GAMI는 지난해 흑자전환하여 지난 해 수익 성장률을 IT 업계(8.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: GAMI의 자본 수익률(48%)은 뛰어남으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 00:39종가2026/05/21 00:00수익2026/01/31연간 수익2025/10/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스B-Gaming S.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to AR$239, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 216% over the past three years.
Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
New Risk • Mar 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 38% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (AR$67.4b market cap, or US$63.0m).
Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.
New Risk • Jan 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AR$71.0b market cap, or US$67.9m).
Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.
New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AR$67.1b market cap, or US$78.8m).
Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to AR$188, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the IT industry globally. Total returns to shareholders of 11% over the past three years.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$207, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 39% over the past three years.
Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AR$30.2b (US$86.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (AR$30.2b market cap, or US$86.2m).
Reported Earnings • Jun 17Second quarter 2023 earnings released: EPS: AR$0.96 (vs AR$1.37 in 2Q 2022)Second quarter 2023 results: EPS: AR$0.96 (down from AR$1.37 in 2Q 2022). Revenue: AR$3.23b (up 41% from 2Q 2022). Net income: AR$326.9m (down 30% from 2Q 2022). Profit margin: 10% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 17First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: AR$2.80b (up 54% from 1Q 2022). Net income: AR$271.9m (down 22% from 1Q 2022). Profit margin: 9.7% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jan 14Full year 2022 earnings released: EPS: AR$2.93 (vs AR$6.15 in FY 2021)Full year 2022 results: EPS: AR$2.93 (down from AR$6.15 in FY 2021). Revenue: AR$9.78b (down 4.4% from FY 2021). Net income: AR$995.3m (down 52% from FY 2021). Profit margin: 10% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$98.00, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 10x in the IT industry in South America. Total returns to shareholders of 40% over the past three years.
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 (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Buying Opportunity • Jun 29Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$65.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
Buying Opportunity • May 30Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$64.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
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 (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be AR$62.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
Buying Opportunity • Mar 15Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be AR$63.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.
Upcoming Dividend • Mar 03Upcoming dividend of AR$2.00 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 11 March 2022. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 6.9%. Within top quartile of Argentinean dividend payers (4.6%). Higher than average of industry peers (2.9%).
Buying Opportunity • Feb 27Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be AR$65.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.
Reported Earnings • Sep 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$1.10b (up 108% from 3Q 2020). Net income: AR$175.9m (up 145% from 3Q 2020). Profit margin: 16% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorated over the past weekAfter last week's 77% share price decline to AR$48.40, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 25x in the IT industry in South America. Total loss to shareholders of 43% over the past year.
Is New 90 Day High Low • Mar 03New 90-day high: AR$220The company is up 3.0% from its price of AR$213 on 02 December 2020. The Argentinean market is down 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 26% over the same period.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 17% share price gain to AR$210, the stock is trading at a trailing P/E ratio of 32.9x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 32x in the IT industry in South America. Total returns to shareholders over the past year are 203%.
Is New 90 Day High Low • Nov 17New 90-day high: AR$181The company is up 36% from its price of AR$133 on 19 August 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.
Is New 90 Day High Low • Oct 31New 90-day high: AR$174The company is up 49% from its price of AR$117 on 31 July 2020. The Argentinean market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 11% over the same period.
Is New 90 Day High Low • Oct 16New 90-day high: AR$153The company is up 38% from its price of AR$111 on 17 July 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Sep 26New 90-day high: AR$136The company is up 22% from its price of AR$111 on 26 June 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.
Reported Earnings • Sep 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$319.6m, down 70% from the prior year. Total revenue was AR$2.02b over the last 12 months, down 48% from the prior year.
Reported Earnings • Sep 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$433.0m, down 54% from the prior year. Total revenue was AR$2.40b over the last 12 months, down 32% from the prior year.