Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Banco Macro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine BMA.5's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine BMA.5's volatility change over the past year.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how BMA.5 performed against the AR Banks industry.
Return vs Market: Insufficient data to determine how BMA.5 performed against the AR Market.
Long-Term Price Volatility Vs. Market
How volatile is Banco Macro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Banco Macro undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BMA.5 (ARS206) is trading above our estimate of fair value (ARS152.17)
Significantly Below Fair Value: BMA.5 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BMA.5 is good value based on its PE Ratio (5.1x) compared to the AR Banks industry average (7.1x).
PE vs Market: BMA.5 is good value based on its PE Ratio (5.1x) compared to the AR market (7.7x).
Price to Earnings Growth Ratio
PEG Ratio: BMA.5 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: BMA.5 is overvalued based on its PB Ratio (1x) compared to the AR Banks industry average (0.9x).
How is Banco Macro forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMA.5's forecast earnings growth (12.9% per year) is above the savings rate (7.6%).
Earnings vs Market: BMA.5's earnings (12.9% per year) are forecast to grow slower than the AR market (29.5% per year).
High Growth Earnings: BMA.5's earnings are forecast to grow, but not significantly.
Revenue vs Market: BMA.5's revenue (18% per year) is forecast to grow slower than the AR market (19.1% per year).
High Growth Revenue: BMA.5's revenue (18% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BMA.5's Return on Equity is forecast to be low in 3 years time (17%).
How has Banco Macro performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMA.5 has high quality earnings.
Growing Profit Margin: BMA.5's current net profit margins (32.4%) are higher than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: BMA.5's earnings have grown significantly by 45.6% per year over the past 5 years.
Accelerating Growth: BMA.5's earnings growth over the past year (13.5%) is below its 5-year average (45.6% per year).
Earnings vs Industry: BMA.5 earnings growth over the past year (13.5%) exceeded the Banks industry -10.9%.
Return on Equity
High ROE: BMA.5's Return on Equity (20.4%) is considered high.
How is Banco Macro's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BMA.5's Assets to Equity ratio (5.2x) is low.
Allowance for Bad Loans: BMA.5 has a sufficient allowance for bad loans (478%).
Low Risk Liabilities: 79% of BMA.5's liabilities are made up of primarily low risk sources of funding.
Loan Level: BMA.5 has an appropriate level of Loans to Assets ratio (33%).
Low Risk Deposits: BMA.5's Loans to Deposits ratio (53%) is appropriate.
Level of Bad Loans: BMA.5 has an appropriate level of bad loans (0.8%).
What is Banco Macro current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BMA.5's dividend (6.44%) is higher than the bottom 25% of dividend payers in the AR market (1.28%).
High Dividend: BMA.5's dividend (6.44%) is in the top 25% of dividend payers in the AR market (3.81%)
Stability and Growth of Payments
Stable Dividend: BMA.5's dividend payments have been volatile in the past 10 years.
Growing Dividend: BMA.5's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33%), BMA.5's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BMA.5's dividends in 3 years are forecast to be well covered by earnings (30.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gustavo Alejandro Manriquez (51 yo)
Mr. Gustavo Alejandro Manriquez has been CEO of Banco Macro S.A. since November 2017 and served as its General Manager from May 30, 2016 to November 8, 2017. Mr. Manriquez served as a Deputy General Manage...
Experienced Management: BMA.5's management team is considered experienced (3.5 years average tenure).
Experienced Board: BMA.5's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Banco Macro S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Banco Macro S.A.
- Ticker: BMA.5
- Exchange: BASE
- Founded: 1966
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: AR$154.899b
- Shares outstanding: 639.41m
- Website: https://www.macro.com.ar
Number of Employees
- Banco Macro S.A.
- Avenida Madero 1182
- Buenos Aires
- Capital Federal
Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/16 22:54|
|End of Day Share Price||2021/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.