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Argentinian (MERVAL) Banks Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies7
  • 7D4.0%
  • 3M19.0%
  • 1Y326.1%
  • YTD137.7%

Over the last 7 days, the Banks industry has risen 4.0%, driven by gains from Banco Patagonia of 29%. This takes the industry's 12 month performance to a gain of 326%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024AR$15.6tAR$12.6tAR$1.8t10.5x8.9x1.2x
Sun, 23 Jun 2024AR$17.9tAR$12.6tAR$1.8t12.5x10.2x1.4x
Tue, 21 May 2024AR$16.2tAR$10.0tAR$1.3t16.6x12.4x1.6x
Thu, 18 Apr 2024AR$11.5tAR$10.0tAR$1.3t10.3x8.8x1.2x
Sat, 16 Mar 2024AR$9.7tAR$9.4tAR$1.3t10.4x7.8x1x
Mon, 12 Feb 2024AR$8.7tAR$3.2tAR$365.1b22.1x24x2.8x
Wed, 10 Jan 2024AR$6.8tAR$3.1tAR$349.8b17.7x19.5x2.2x
Fri, 08 Dec 2023AR$6.1tAR$3.7tAR$375.6b16.2x16.2x1.7x
Sun, 05 Nov 2023AR$3.9tAR$2.5tAR$282.8b13.4x13.8x1.5x
Tue, 03 Oct 2023AR$3.6tAR$2.6tAR$284.5b11.2x12.6x1.4x
Thu, 31 Aug 2023AR$5.0tAR$2.6tAR$283.1b16.8x17.7x2x
Sat, 29 Jul 2023AR$3.3tAR$2.1tAR$186.5b10.7x17.9x1.6x
Mon, 26 Jun 2023AR$3.1tAR$2.1tAR$186.5b10.2x16.7x1.5x
Wed, 24 May 2023AR$2.1tAR$2.0tAR$168.7b7.5x12.2x1x
Fri, 21 Apr 2023AR$1.9tAR$2.0tAR$173.5b6.9x11.1x1x
Sun, 19 Mar 2023AR$1.6tAR$1.9tAR$161.6b10.3x9.8x0.8x
Tue, 14 Feb 2023AR$1.8tAR$1.0tAR$80.7b17.3x22.7x1.8x
Thu, 12 Jan 2023AR$1.6tAR$1.1tAR$86.9b15x18.2x1.5x
Sat, 10 Dec 2022AR$1.1tAR$1.1tAR$86.9b10.6x12.2x1x
Mon, 07 Nov 2022AR$994.3bAR$898.3bAR$86.0b8.1x11.6x1.1x
Wed, 05 Oct 2022AR$1.0tAR$898.3bAR$86.0b8.4x11.9x1.1x
Fri, 02 Sep 2022AR$940.8bAR$905.0bAR$85.3b9.3x11x1x
Sun, 31 Jul 2022AR$863.3bAR$834.0bAR$89.2b8.9x9.7x1x
Tue, 28 Jun 2022AR$650.0bAR$834.0bAR$89.2b6.7x7.3x0.8x
Thu, 26 May 2022AR$903.8bAR$1.0tAR$92.8b8.4x9.7x0.9x
Sat, 23 Apr 2022AR$866.6bAR$994.9bAR$94.8b7.7x9.1x0.9x
Mon, 21 Mar 2022AR$880.1bAR$890.0bAR$85.2b9x10.3x1x
Wed, 16 Feb 2022AR$872.5bAR$602.4bAR$50.7b16.7x17.2x1.4x
Fri, 14 Jan 2022AR$874.4bAR$602.4bAR$50.7b17x17.2x1.5x
Sun, 12 Dec 2021AR$867.4bAR$602.4bAR$50.7b16.9x17.1x1.4x
Tue, 09 Nov 2021AR$997.3bAR$603.0bAR$60.7b14.2x16.4x1.7x
Thu, 07 Oct 2021AR$887.3bAR$603.0bAR$60.7b13.4x14.6x1.5x
Sat, 04 Sep 2021AR$839.4bAR$618.9bAR$63.7b12.2x13.2x1.4x
Mon, 02 Aug 2021AR$664.1bAR$618.9bAR$63.7b10.5x10.4x1.1x
Price to Earnings Ratio

10.4x


Total Market Cap: AR$664.1bTotal Earnings: AR$63.7bTotal Revenue: AR$618.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Banks Industry Price to Earnings3Y Average 13.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Argentinean Banks 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 8.9x which is lower than its 3-year average PE of 13.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 202% per year over the last three years.
  • Revenues for these companies have grown 173% 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-0.11%
Financials3.31%
Banks4.04%
Diversified Banks4.04%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 22.4%, which is lower than the prior year's growth of 217.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 217% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 22% 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
BPAT Banco PatagoniaAR$2.50k28.9%
+AR$402.7b		760.6%PB2x
GGAL Grupo Financiero GaliciaAR$3.71k2.8%
+AR$147.5b		310.8%PB1.6x
BBAR Banco BBVA ArgentinaAR$3.56k3.0%
+AR$64.3b		251.7%PB1x
BHIP Banco HipotecarioAR$386.509.8%
+AR$52.9b		993.4%PB1.8x
SUPV Grupo SupervielleAR$1.62k2.9%
+AR$19.9b		371.7%PB1.3x
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Latest News

BPAT

AR$2,500.00

Banco Patagonia

7D

28.9%

1Y

760.6%

BBAR

AR$3,560.00

Banco BBVA Argentina

7D

3.0%

1Y

251.7%

BMA

AR$6,420.00

Banco Macro

7D

-4.2%

1Y

317.5%

GGAL

AR$3,705.00

Grupo Financiero Galicia

7D

2.8%

1Y

310.8%

SUPV

AR$1,615.00

Grupo Supervielle

7D

2.9%

1Y

371.7%

BHIP

AR$386.50

Banco Hipotecario

7D

9.8%

1Y

993.4%