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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies65
  • 7D17.4%
  • 3M17.5%
  • 1Y396.6%
  • YTD17.8%

The market is up 17% in the last 7 days, led by the Financials and all sectors gaining ground. In the last year, the market has climbed 397%. Earnings are forecast to grow by 65% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024AR$47.7tAR$35.3tAR$778.1b26.5x61.3x1.4x
Thu, 15 Feb 2024AR$51.2tAR$14.1tAR$1.7t41x29.5x3.6x
Sat, 13 Jan 2024AR$47.1tAR$13.9tAR$1.7t36.2x27.5x3.4x
Mon, 11 Dec 2023AR$42.4tAR$14.9tAR$1.8t25.8x23.9x2.8x
Wed, 08 Nov 2023AR$27.8tAR$12.5tAR$855.0b22.4x32.5x2.2x
Fri, 06 Oct 2023AR$26.9tAR$12.5tAR$843.2b22.7x31.9x2.2x
Sun, 03 Sep 2023AR$27.2tAR$11.8tAR$724.7b26.6x37.5x2.3x
Tue, 01 Aug 2023AR$19.8tAR$10.5tAR$550.6b21x35.9x1.9x
Thu, 29 Jun 2023AR$17.6tAR$10.4tAR$530.1b22.2x33.2x1.7x
Sat, 27 May 2023AR$14.8tAR$10.5tAR$530.1b17x27.9x1.4x
Mon, 24 Apr 2023AR$12.7tAR$9.8tAR$428.5b15.3x29.6x1.3x
Wed, 22 Mar 2023AR$10.0tAR$9.5tAR$390.7b14.4x25.5x1.1x
Fri, 17 Feb 2023AR$11.3tAR$6.8tAR$394.5b17.6x28.7x1.7x
Sun, 15 Jan 2023AR$10.7tAR$6.8tAR$430.5b17x24.9x1.6x
Tue, 13 Dec 2022AR$7.8tAR$6.9tAR$436.0b14x17.9x1.1x
Thu, 10 Nov 2022AR$6.5tAR$6.3tAR$648.3b10.9x10x1x
Sat, 08 Oct 2022AR$6.6tAR$6.2tAR$616.7b11.1x10.7x1.1x
Mon, 05 Sep 2022AR$6.3tAR$6.1tAR$557.1b11.6x11.3x1x
Wed, 03 Aug 2022AR$5.5tAR$5.6tAR$320.9b12.6x17.1x1x
Fri, 01 Jul 2022AR$4.2tAR$5.5tAR$313.4b10.9x13.5x0.8x
Sun, 29 May 2022AR$4.6tAR$5.5tAR$317.1b12.1x14.5x0.8x
Tue, 26 Apr 2022AR$5.6tAR$5.3tAR$258.8b13.7x21.5x1x
Thu, 24 Mar 2022AR$5.5tAR$5.2tAR$225.3b15.8x24.4x1.1x
Sat, 19 Feb 2022AR$5.5tAR$4.1tAR$151.4b17x36.5x1.3x
Mon, 17 Jan 2022AR$4.2tAR$4.1tAR$88.4b14.7x47.3x1x
Wed, 15 Dec 2021AR$4.0tAR$4.1tAR$87.6b16.4x46x1x
Fri, 12 Nov 2021AR$4.6tAR$3.9tAR$99.7b15.3x45.9x1.2x
Sun, 10 Oct 2021AR$3.7tAR$3.9tAR$79.8b12.9x46.8x1x
Tue, 07 Sep 2021AR$3.8tAR$3.8tAR$113.4b13x33.5x1x
Thu, 05 Aug 2021AR$3.2tAR$3.8tAR$116.5b9.3x27.5x0.8x
Sun, 09 May 2021AR$2.5tAR$3.5tAR$100.7b6.6x24.6x0.7x
Price to Earnings Ratio

25x


Total Market Cap: AR$2.4tTotal Earnings: AR$97.4bTotal Revenue: AR$3.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 29x202220232024
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 61.3x which is higher than its 3-year average PE of 29.0x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 100% per year over the last three years.
  • Revenues for these companies have grown 115% 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 Market17.37%
Industrials23.82%
Telecom21.77%
Financials21.34%
Utilities20.42%
Energy17.57%
Consumer Staples15.72%
Real Estate12.06%
Tech10.14%
Healthcare7.64%
Consumer Discretionary7.52%
Materials6.35%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 64.7x.
    • 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 Energy sector, expecting annual earnings growth of 102% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 35% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
YPFD YPF Sociedad AnónimaAR$20.79k17.3%
+AR$1.2t
461.5%PS0.6xEnergy
TECO2 Telecom ArgentinaAR$1.67k25.2%
+AR$725.3b
387.7%PS1.7xTelecom
GGAL Grupo Financiero GaliciaAR$2.67k20.1%
+AR$659.7b
541.7%PB2xFinancials
BMA Banco MacroAR$4.87k22.9%
+AR$579.7b
614.3%PB1.5xFinancials
TGSU2 Transportadora de Gas del SurAR$2.93k18.8%
+AR$348.4b
322.2%PE93.7xEnergy
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

CEPU

AR$956.70

Central Puerto

7D

21.3%

1Y

373.3%

BMA

AR$4,873.75

Banco Macro

7D

22.9%

1Y

614.3%

GGAL

AR$2,669.10

Grupo Financiero Galicia

7D

20.1%

1Y

541.7%

TECO2

AR$1,670.55

Telecom Argentina

7D

25.2%

1Y

387.7%

BBAR

AR$2,891.85

Banco BBVA Argentina

7D

21.3%

1Y

466.7%

GRIM

AR$869.00

Grimoldi

7D

-0.7%

1Y

213.2%

PAMP

AR$1,839.05

Pampa Energía

7D

14.6%

1Y

304.2%

YPFD

AR$20,786.70

YPF Sociedad Anónima

7D

17.3%

1Y

461.5%

TGSU2

AR$2,926.40

Transportadora de Gas del Sur

7D

18.8%

1Y

322.2%

ROSE

AR$85.00

Instituto Rosenbusch

7D

-3.4%

1Y

486.2%