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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedJun 02, 2023
DataAggregated Company Financials
Companies67
  • 7D3.8%
  • 3M43.8%
  • 1Y251.7%
  • YTD63.8%

The market is up 3.8% in the last 7 days, led by the Financials and all sectors gaining ground. In the last year, the market has climbed 252%. Looking forward, earnings are forecast to grow by 49% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Argentinian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jun 2023AR$15.4tAR$10.4tAR$522.6b18.3x29.4x1.5x
Sun, 30 Apr 2023AR$13.1tAR$9.8tAR$430.4b17x30.5x1.3x
Tue, 28 Mar 2023AR$10.2tAR$9.6tAR$406.3b13.9x25x1.1x
Thu, 23 Feb 2023AR$10.8tAR$6.3tAR$251.2b18.9x42.8x1.7x
Sat, 21 Jan 2023AR$10.9tAR$6.8tAR$430.3b16.8x25.3x1.6x
Mon, 19 Dec 2022AR$7.5tAR$6.8tAR$438.9b13.6x17.1x1.1x
Wed, 16 Nov 2022AR$6.8tAR$6.6tAR$422.7b11.4x16.2x1x
Fri, 14 Oct 2022AR$6.4tAR$6.2tAR$616.7b10.8x10.3x1x
Sun, 11 Sep 2022AR$6.6tAR$6.1tAR$565.2b11.6x11.6x1.1x
Tue, 09 Aug 2022AR$5.7tAR$5.6tAR$331.1b13x17.3x1x
Thu, 07 Jul 2022AR$4.4tAR$5.5tAR$313.4b11.1x14.1x0.8x
Sat, 04 Jun 2022AR$4.5tAR$5.5tAR$316.1b12.3x14.2x0.8x
Mon, 02 May 2022AR$4.4tAR$5.4tAR$265.4b11.7x16.7x0.8x
Wed, 30 Mar 2022AR$4.5tAR$5.0tAR$206.3b15.9x22x0.9x
Fri, 25 Feb 2022AR$4.4tAR$5.7tAR$472.0b13.6x9.4x0.8x
Sun, 23 Jan 2022AR$4.1tAR$4.1tAR$88.9b13.9x46.7x1x
Tue, 21 Dec 2021AR$4.9tAR$4.1tAR$87.6b16.2x56.1x1.2x
Thu, 18 Nov 2021AR$5.2tAR$3.9tAR$117.8b15.8x44.1x1.3x
Sat, 16 Oct 2021AR$4.8tAR$3.9tAR$76.5b15.1x62.9x1.2x
Mon, 13 Sep 2021AR$3.8tAR$3.8tAR$113.4b13.2x33.9x1x
Wed, 11 Aug 2021AR$3.3tAR$3.8tAR$116.5b9.6x28.6x0.9x
Sun, 06 Jun 2021AR$2.9tAR$3.6tAR$100.8b7.8x29.1x0.8x
Wed, 10 Mar 2021AR$2.5tAR$3.6tAR$186.3b7x13.4x0.7x
Tue, 01 Dec 2020AR$2.9tAR$4.0tAR$187.4b8.3x15.5x0.7x
Fri, 04 Sep 2020AR$2.5tAR$4.1tAR$113.6b8x21.6x0.6x
Mon, 08 Jun 2020AR$2.1tAR$4.1tAR$162.9b7.7x12.8x0.5x
Price to Earnings Ratio

12.8x


Total Market Cap: AR$2.1tTotal Earnings: AR$162.9bTotal Revenue: AR$4.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 25.2x202120222023
Current Market PE
  • Investors are optimistic on the Argentinean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 29.4x which is higher than its 3-year average PE of 25.2x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 47% per year over the last three years.
  • Revenues for these companies have grown 37% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Argentinian Market?

AR Market3.79%
Telecom8.04%
Healthcare5.56%
Financials5.39%
Tech5.33%
Utilities5.27%
Consumer Staples4.90%
Consumer Discretionary4.50%
Materials2.94%
Real Estate2.20%
Energy1.09%
Industrials1.03%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 76.4x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
TECO2 Telecom ArgentinaAR$506.657.2%
+AR$73.1b
126.9%PS1.5xTelecom
GGAL Grupo Financiero GaliciaAR$597.307.7%
+AR$62.7b
211.7%PB1.2xFinancials
ALUA Aluar Aluminio ArgentinoI.CAR$384.505.8%
+AR$58.8b
323.5%PE58.2xMaterials
PAMP Pampa EnergíaAR$761.955.2%
+AR$51.0b
291.2%PE9.3xUtilities
CEPU Central PuertoAR$344.705.5%
+AR$27.2b
314.3%PE55.2xUtilities
See more
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GGAL

AR$597.30

Grupo Financiero Galicia

7D

7.7%

1Y

211.7%

PAMP

AR$761.95

Pampa Energía

7D

5.2%

1Y

291.2%

BMA

AR$910.85

Banco Macro

7D

3.9%

1Y

172.0%

ALUA

AR$384.50

Aluar Aluminio ArgentinoI.C

7D

5.8%

1Y

323.5%

AGRO

AR$92.20

AgrometalI

7D

-4.1%

1Y

112.2%

CEPU

AR$344.70

Central Puerto

7D

5.5%

1Y

314.3%

CVH

AR$1,319.00

Cablevisión Holding

7D

12.7%

1Y

92.3%

AUSO

AR$601.00

Autopistas Del Sol

7D

-0.4%

1Y

341.9%

LEDE

AR$306.00

Ledesma Sociedad Anónima Agrícola Industrial

7D

-1.0%

1Y

313.5%

TECO2

AR$506.65

Telecom Argentina

7D

7.2%

1Y

126.9%

EDSH

AR$380.00

EDESA Holding

7D

-7.3%

1Y

n/a

MTR

AR$624.00

Matba Rofex

7D

-2.2%

1Y

149.6%