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Argentinian (MERVAL) Banks Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies7
  • 7D7.2%
  • 3M26.6%
  • 1Y470.8%
  • YTD95.9%

Over the last 7 days, the Banks industry has risen 7.2%, driven by gains from every company within the industry. This means that the industry has gained 471% over the past year. 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 Apr 2024AR$12.4tAR$10.0tAR$1.3t10.7x9.5x1.2x
Sun, 24 Mar 2024AR$11.7tAR$9.4tAR$1.3t11.5x9.3x1.2x
Tue, 20 Feb 2024AR$8.5tAR$3.2tAR$365.1b22x23.3x2.7x
Thu, 18 Jan 2024AR$7.7tAR$3.1tAR$349.8b22x22x2.5x
Sat, 16 Dec 2023AR$6.5tAR$3.3tAR$359.0b15.3x18x1.9x
Mon, 13 Nov 2023AR$3.8tAR$2.5tAR$282.8b13.3x13.6x1.5x
Wed, 11 Oct 2023AR$3.9tAR$2.5tAR$282.8b12.8x13.9x1.6x
Fri, 08 Sep 2023AR$4.0tAR$2.6tAR$283.1b13.2x14.2x1.6x
Sun, 06 Aug 2023AR$3.3tAR$2.1tAR$186.5b10.2x17.9x1.6x
Tue, 04 Jul 2023AR$3.4tAR$2.1tAR$186.5b10.3x18.1x1.6x
Thu, 01 Jun 2023AR$2.1tAR$2.1tAR$182.7b7.3x11.6x1x
Sat, 29 Apr 2023AR$1.9tAR$2.0tAR$173.5b6.8x11.1x1x
Mon, 27 Mar 2023AR$1.5tAR$1.9tAR$161.6b9.9x9.6x0.8x
Wed, 22 Feb 2023AR$1.8tAR$1.0tAR$80.7b17.4x22.2x1.7x
Fri, 20 Jan 2023AR$1.7tAR$1.1tAR$86.9b17.4x20x1.6x
Sun, 18 Dec 2022AR$1.0tAR$1.1tAR$86.9b9.9x11.5x0.9x
Tue, 15 Nov 2022AR$948.4bAR$898.3bAR$86.0b8x11x1.1x
Thu, 13 Oct 2022AR$933.6bAR$898.3bAR$86.0b7.9x10.9x1x
Sat, 10 Sep 2022AR$1.0tAR$905.0bAR$85.3b10.5x12.2x1.1x
Mon, 08 Aug 2022AR$848.8bAR$834.0bAR$89.2b8.7x9.5x1x
Wed, 06 Jul 2022AR$691.5bAR$834.0bAR$89.2b7.1x7.8x0.8x
Fri, 03 Jun 2022AR$871.9bAR$1.0tAR$95.4b8.2x9.1x0.9x
Sun, 01 May 2022AR$834.8bAR$994.9bAR$94.8b7.6x8.8x0.8x
Tue, 29 Mar 2022AR$917.8bAR$899.8bAR$84.8b9.3x10.8x1x
Thu, 24 Feb 2022AR$910.4bAR$602.4bAR$50.7b17.8x18x1.5x
Sat, 22 Jan 2022AR$849.6bAR$602.4bAR$50.7b16.1x16.8x1.4x
Mon, 20 Dec 2021AR$866.5bAR$602.4bAR$50.7b16.7x17.1x1.4x
Wed, 17 Nov 2021AR$997.2bAR$603.0bAR$60.7b14.2x16.4x1.7x
Fri, 15 Oct 2021AR$876.8bAR$603.0bAR$60.7b13.4x14.4x1.5x
Sun, 12 Sep 2021AR$882.8bAR$603.0bAR$60.7b13.2x14.5x1.5x
Tue, 10 Aug 2021AR$701.9bAR$618.9bAR$63.7b10.9x11x1.1x
Mon, 03 May 2021AR$552.7bAR$612.0bAR$74.9b7.4x7.4x0.9x
Price to Earnings Ratio

7.4x


Total Market Cap: AR$552.7bTotal Earnings: AR$74.9bTotal Revenue: AR$612.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Banks Industry Price to Earnings3Y Average 13.6x202220232024
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 9.5x which is lower than its 3-year average PE of 13.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 159% per year over the last three years.
  • Revenues for these companies have grown 154% 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 Market5.03%
Financials6.31%
Banks7.16%
Diversified Banks7.16%
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 13.6x.
    • Analysts are expecting annual earnings growth of 22.3%, which is lower than the prior year's growth of 154.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.6x.
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 155% 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
GGAL Grupo Financiero GaliciaAR$3.19k6.7%
+AR$294.6b		504.8%PB2.3x
BBAR Banco BBVA ArgentinaAR$3.23k13.1%
+AR$229.3b		395.7%PB1.4x
BMA Banco MacroAR$5.30k2.2%
+AR$74.2b		556.5%PB1.7x
BHIP Banco HipotecarioAR$355.5014.5%
+AR$69.0b		1,322.0%PB2.6x
SUPV Grupo SupervielleAR$1.24k9.9%
+AR$49.0b		513.4%PB1.6x
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Latest News

GGAL

AR$3,193.70

Grupo Financiero Galicia

7D

6.7%

1Y

504.8%

BBAR

AR$3,234.10

Banco BBVA Argentina

7D

13.1%

1Y

395.7%

BMA

AR$5,303.85

Banco Macro

7D

2.2%

1Y

556.5%

BHIP

AR$355.50

Banco Hipotecario

7D

14.5%

1Y

1,322.0%

BPAT

AR$1,253.50

Banco Patagonia

7D

4.2%

1Y

688.4%

SUPV

AR$1,242.10

Grupo Supervielle

7D

9.9%

1Y

513.4%