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Argentinian (MERVAL) Financials Sector Analysis

UpdatedApr 22, 2024
DataAggregated Company Financials
Companies10
  • 7D-1.8%
  • 3M26.2%
  • 1Y415.0%
  • YTD83.7%

Over the last 7 days, the Financials industry has dropped 4.9%, driven by pullbacks in Grupo Financiero Galicia and Bolsas y Mercados Argentinos of 2.1% and 7.8%, respectively. This takes the industry's 12 month performance to a gain of 413%. As for the next few years, earnings are expected to grow by 34% per annum.

Sector Valuation and Performance

Has the Argentinian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Apr 2024AR$13.4tAR$10.1tAR$1.4t11x9.5x1.3x
Wed, 20 Mar 2024AR$11.9tAR$9.5tAR$1.4t11x8.7x1.2x
Fri, 16 Feb 2024AR$10.0tAR$3.2tAR$395.4b24.8x25.3x3.1x
Sun, 14 Jan 2024AR$8.1tAR$3.2tAR$376.1b23.4x21.5x2.5x
Tue, 12 Dec 2023AR$7.7tAR$3.7tAR$401.7b19.7x19.1x2.1x
Thu, 09 Nov 2023AR$4.4tAR$2.6tAR$304.0b13.7x14.4x1.7x
Sat, 07 Oct 2023AR$4.4tAR$2.6tAR$304.0b15.1x14.5x1.7x
Mon, 04 Sep 2023AR$5.3tAR$2.6tAR$301.4b18.2x17.6x2x
Wed, 02 Aug 2023AR$3.7tAR$2.2tAR$195.3b23.6x19.2x1.7x
Fri, 30 Jun 2023AR$3.6tAR$2.2tAR$195.3b21.9x18.2x1.6x
Sun, 28 May 2023AR$2.5tAR$2.1tAR$179.7b14.3x14.1x1.2x
Tue, 25 Apr 2023AR$2.4tAR$2.0tAR$177.0b13.9x13.6x1.2x
Thu, 23 Mar 2023AR$1.9tAR$1.9tAR$165.1b13.4x11.7x1x
Sat, 18 Feb 2023AR$2.2tAR$1.1tAR$82.2b21.8x26.4x2x
Mon, 16 Jan 2023AR$2.1tAR$1.1tAR$88.2b18.9x23.2x1.9x
Wed, 14 Dec 2022AR$1.3tAR$1.1tAR$88.2b11.1x14.6x1.2x
Fri, 11 Nov 2022AR$1.1tAR$920.0bAR$85.1b9.8x13.4x1.2x
Sun, 09 Oct 2022AR$1.2tAR$920.0bAR$85.1b11.1x14.5x1.3x
Tue, 06 Sep 2022AR$1.2tAR$925.3bAR$83.6b11.2x14.3x1.3x
Thu, 04 Aug 2022AR$1.1tAR$853.6bAR$88.3b9.6x12.4x1.3x
Sat, 02 Jul 2022AR$838.4bAR$853.6bAR$88.4b7.7x9.5x1x
Mon, 30 May 2022AR$1.1tAR$1.0tAR$95.6b8.9x11.1x1x
Wed, 27 Apr 2022AR$1.0tAR$1.0tAR$95.0b8.5x10.5x1x
Fri, 25 Mar 2022AR$1.1tAR$910.1bAR$83.3b23.5x13x1.2x
Sun, 20 Feb 2022AR$1.1tAR$622.5bAR$48.8b23.1x21.9x1.7x
Tue, 18 Jan 2022AR$1.0tAR$622.6bAR$49.0b22.6x20.8x1.6x
Thu, 16 Dec 2021AR$968.8bAR$616.4bAR$48.9b21.1x19.8x1.6x
Sat, 13 Nov 2021AR$1.1tAR$616.8bAR$62.3b16x18.2x1.8x
Mon, 11 Oct 2021AR$985.7bAR$616.8bAR$62.3b15.4x15.8x1.6x
Wed, 08 Sep 2021AR$1.0tAR$616.8bAR$62.3b15.4x16.1x1.6x
Fri, 06 Aug 2021AR$781.9bAR$631.6bAR$65.4b11x12x1.2x
Mon, 10 May 2021AR$644.4bAR$624.9bAR$80.0b9.1x8.1x1x
Price to Earnings Ratio

8.1x


Total Market Cap: AR$644.4bTotal Earnings: AR$80.0bTotal Revenue: AR$624.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Financials Sector Price to Earnings3Y Average 15.6x202220232024
Current Industry PE
  • Investors are pessimistic on the Argentinean Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 15.6x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 161% per year over the last three years.
  • Revenues for these companies have grown 153% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Argentinian Financials sector?

AR Market-4.45%
Financials-1.77%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial0%
Consumer Finance0%
Insurance0%
Banks-1.19%
Capital Markets-6.37%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 22.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 155% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 34% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BMA Banco MacroAR$5.30k4.8%
+AR$156.5b		534.1%PB1.7x
GGAL Grupo Financiero GaliciaAR$3.03k2.0%
+AR$89.6b		461.8%PB2.2x
BBAR Banco BBVA ArgentinaAR$3.04k4.0%
+AR$71.0b		343.9%PB1.3x
BHIP Banco HipotecarioAR$315.506.8%
+AR$30.7b		1,149.5%PB2.3x
BYMA Bolsas y Mercados ArgentinosAR$1.44k2.6%
+AR$27.5b		313.8%PE10.4x
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BMA

AR$5,303.65

Banco Macro

7D

4.8%

1Y

534.1%

BBAR

AR$3,038.20

Banco BBVA Argentina

7D

4.0%

1Y

343.9%

GGAL

AR$3,032.75

Grupo Financiero Galicia

7D

2.0%

1Y

461.8%

BHIP

AR$315.50

Banco Hipotecario

7D

6.8%

1Y

1,149.5%

BPAT

AR$1,268.50

Banco Patagonia

7D

0.5%

1Y

687.9%

BYMA

AR$1,436.00

Bolsas y Mercados Argentinos

7D

2.6%

1Y

313.8%

SUPV

AR$1,170.55

Grupo Supervielle

7D

1.8%

1Y

448.3%

MTR

AR$1,295.00

Matba Rofex

7D

1.8%

1Y

116.2%

VALO

AR$263.50

Banco de Valores

7D

-0.6%

1Y

207.5%