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Argentinian (MERVAL) Banks Industry Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies7
  • 7D3.6%
  • 3M56.4%
  • 1Y332.4%
  • YTD41.3%

The Banks industry is up 7.9% in the last week, with Banco Macro up 6.6%. This takes the industry's 12 month performance to a gain of 352%. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

Has the Argentinian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024AR$8.9tAR$3.4tAR$411.6b17.9x21.7x2.6x
Sun, 28 Jan 2024AR$9.6tAR$3.1tAR$349.8b28.6x27.4x3.1x
Tue, 26 Dec 2023AR$6.5tAR$3.1tAR$349.8b17x18.5x2.1x
Thu, 23 Nov 2023AR$4.6tAR$2.5tAR$282.8b15.5x16.1x1.8x
Sat, 21 Oct 2023AR$4.1tAR$2.5tAR$282.8b13.8x14.5x1.6x
Mon, 18 Sep 2023AR$4.0tAR$2.6tAR$283.1b13.4x14.2x1.6x
Wed, 16 Aug 2023AR$3.6tAR$2.1tAR$186.5b11x19.3x1.7x
Fri, 14 Jul 2023AR$3.4tAR$2.1tAR$186.5b10.4x18.1x1.6x
Sun, 11 Jun 2023AR$2.6tAR$2.1tAR$186.5b8.5x14.1x1.2x
Tue, 09 May 2023AR$1.9tAR$2.0tAR$171.2b6.7x11.3x1x
Thu, 06 Apr 2023AR$1.7tAR$1.9tAR$161.6b10.9x10.4x0.9x
Sat, 04 Mar 2023AR$1.8tAR$1.3tAR$100.0b12.8x17.9x1.4x
Mon, 30 Jan 2023AR$1.8tAR$1.1tAR$86.9b18.2x21.1x1.7x
Wed, 28 Dec 2022AR$1.2tAR$1.1tAR$86.9b12.2x14.4x1.2x
Fri, 25 Nov 2022AR$974.6bAR$902.5bAR$87.0b8x11.2x1.1x
Sun, 23 Oct 2022AR$973.6bAR$898.3bAR$86.0b8.2x11.3x1.1x
Tue, 20 Sep 2022AR$1.1tAR$905.0bAR$85.3b11.4x12.7x1.2x
Thu, 18 Aug 2022AR$891.5bAR$834.0bAR$89.2b9.1x10x1.1x
Sat, 16 Jul 2022AR$724.1bAR$834.0bAR$89.2b7.4x8.1x0.9x
Mon, 13 Jun 2022AR$822.3bAR$1.0tAR$97.3b7.6x8.5x0.8x
Wed, 11 May 2022AR$803.4bAR$993.7bAR$93.9b7.4x8.6x0.8x
Fri, 08 Apr 2022AR$875.8bAR$899.4bAR$84.8b8.8x10.3x1x
Sun, 06 Mar 2022AR$853.5bAR$890.0bAR$85.2b8.7x10x1x
Tue, 01 Feb 2022AR$930.6bAR$602.4bAR$50.7b18.3x18.4x1.5x
Thu, 30 Dec 2021AR$858.9bAR$602.4bAR$50.7b16.7x16.9x1.4x
Sat, 27 Nov 2021AR$840.1bAR$629.1bAR$58.7b11.6x14.3x1.3x
Mon, 25 Oct 2021AR$982.4bAR$603.0bAR$60.7b14.1x16.2x1.6x
Wed, 22 Sep 2021AR$836.7bAR$603.0bAR$60.7b13.2x13.8x1.4x
Fri, 20 Aug 2021AR$706.5bAR$618.9bAR$63.7b10.8x11.1x1.1x
Fri, 04 Jun 2021AR$679.8bAR$612.0bAR$74.9b8.8x9.1x1.1x
Mon, 08 Mar 2021AR$543.5bAR$620.4bAR$96.2b6.5x5.6x0.9x
Price to Earnings Ratio

5.6x


Total Market Cap: AR$543.5bTotal Earnings: AR$96.2bTotal Revenue: AR$620.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Banks Industry Price to Earnings3Y Average 13.6x202220232024
Current Industry PE
  • Investors are optimistic on the Argentinean Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.3x which is higher than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 56% per year over the last three years.
  • Revenues for these companies have grown 72% 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 industry?

AR Market-4.84%
Financials2.79%
Banks3.62%
Diversified Banks3.62%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 13.6x.
    • Analysts are expecting annual earnings growth of 33.2%, which is lower than the prior year's growth of 43.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 33% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 33% 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$4.24k7.0%
+AR$177.7b
484.6%PB2.7x
BBAR Banco BBVA ArgentinaAR$2.23k1.8%
+AR$23.6b
268.9%PB1.8x
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Latest News

BMA

AR$4,240.25

Banco Macro

7D

7.0%

1Y

484.6%

GGAL

AR$2,358.45

Grupo Financiero Galicia

7D

-3.2%

1Y

404.9%

BHIP

AR$204.75

Banco Hipotecario

7D

-1.4%

1Y

769.4%

SUPV

AR$943.45

Grupo Supervielle

7D

-0.5%

1Y

363.4%

BBAR

AR$2,231.90

Banco BBVA Argentina

7D

1.8%

1Y

268.9%

BPAT

AR$746.00

Banco Patagonia

7D

-2.9%

1Y

382.8%