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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMay 22, 2022
DataAggregated Company Financials
Companies68
  • 7D-1.2%
  • 3M-2.5%
  • 1Y54.4%
  • YTD4.5%

Over the last 7 days, the market has dropped 1.2%, driven by pullbacks in the Communication Services and Materials sectors of 2.6% and 1.8%, respectively. In contrast to the last week, the market is actually up 54% over the past year. Earnings are forecast to grow by 25% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022AR$4.4tAR$5.5tAR$316.0b11.7x
Wed, 20 Apr 2022AR$5.6tAR$5.3tAR$256.7b13.7x
Fri, 18 Mar 2022AR$4.4tAR$5.1tAR$760.7b15.7x
Sun, 13 Feb 2022AR$4.4tAR$4.1tAR$86.2b16.1x
Tue, 11 Jan 2022AR$5.1tAR$4.1tAR$88.3b16.5x
Thu, 09 Dec 2021AR$4.3tAR$4.1tAR$89.4b15.4x
Sat, 06 Nov 2021AR$4.4tAR$3.7tAR$43.4b14.8x
Mon, 04 Oct 2021AR$3.7tAR$3.9tAR$79.8b12.1x
Wed, 01 Sep 2021AR$3.6tAR$3.8tAR$116.5b10.8x
Thu, 08 Jul 2021AR$3.1tAR$3.8tAR$116.5b9x
Wed, 31 Mar 2021AR$2.4tAR$3.5tAR$97.4b6.1x
Sat, 02 Jan 2021AR$2.7tAR$3.6tAR$189.5b7.9x
Tue, 06 Oct 2020AR$2.3tAR$4.0tAR$187.6b7.2x
Fri, 10 Jul 2020AR$2.1tAR$4.1tAR$111.6b6.7x
Thu, 02 Apr 2020AR$1.4tAR$4.1tAR$166.0b3.7x
Sun, 05 Jan 2020AR$2.2tAR$3.9tAR$148.2b5.2x
Wed, 09 Oct 2019AR$1.6tAR$3.7tAR$170.0b3.4x
Tue, 02 Jul 2019AR$2.2tAR$3.4tAR$262.1b5.1x
Median PE Ratio

5.1x


Total Market Cap: AR$1.8tTotal Earnings: AR$225.3bTotal Revenue: AR$3.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Median PE3Y Average 8.4x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 8.4x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Market-1.16%
Tech1.22%
Healthcare1.13%
Energy0.17%
Financials-0.27%
Utilities-0.91%
Industrials-1.23%
Real Estate-1.64%
Consumer Staples-1.71%
Materials-1.79%
Telecom-2.65%
Consumer Discretionary-4.84%
Sector PE
  • Investors are most optimistic about the Healthcare sector which is trading above its 3-year average PE ratio of 58.6x.
  • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Industrials sector, which is trading below its 3-year average of 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 41% over the next 5 years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
IRSA IRSA Inversiones y Representaciones Sociedad AnónimaAR$94.00-0.8%
AR$13.8b
52.1%PB0.6xReal Estate
ALUA Aluar Aluminio ArgentinoI.CAR$87.103.8%
+AR$9.0b
79.8%PS14.5xMaterials
MTR Matba RofexAR$250.006.4%
+AR$1.8b
25.0%PS38xFinancials
TGSU2 Transportadora de Gas del SurAR$262.000.9%
+AR$1.8b
74.7%PS8.6xEnergy
CEPU Central PuertoAR$76.001.2%
+AR$1.4b
134.9%PS37.3xUtilities
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Latest News

CAPXD

AR$320.00

Capex

7D

-8.0%

1Y

363.8%