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Earnings transcript
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BMA
BMA
Banco Macro S.A.
$88
4.09
(4.87%)
| Exchange: | NYSE |
| Market Cap: | 5.627B |
| Shares Outstanding: | 0 |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Juan Martin Parma | |||||
| Full Time Employees: | 9004 | |||||
| Address: |
| |||||
| Website: | https://www.macro.com.ar |
Banco Macro S.A. operates as a leading financial services institution in Argentina, providing a broad spectrum of banking products and solutions to both individual consumers and corporate entities nationwide. For its retail customers, the bank offers essential services such as current and savings accounts, along with term deposit options. It also supplies a range of credit and debit cards, various loan products including personal, consumer finance, mortgage, and auto loans, as well as overdraft facilities. Additional services encompass credit-related support, home and vehicle insurance policies, convenient tax and utility bill payment methods, and money transfer capabilities, all accessible through its extensive network of ATMs. Retail offerings further extend to document discounting and pledged loan options. Corporate clients benefit from a specialized suite of services, including diverse deposit accounts, lending facilities such as working capital and investment project financing, guaranteed loans, and credit lines for international trade. The company also provides check cashing advances, factoring, leasing solutions, and comprehensive cash management services. Other offerings include trust administration, payroll services, financial agency support, corporate credit cards, and other tailored products. Furthermore, the bank facilitates transactional needs through cash management, collection services, supplier payment processing, foreign exchange transactions, and foreign trade support, augmented by information services like Datanet and Interpymes. Short-term and medium-to-long-term corporate financing are also available. Both retail and corporate segments are supported by the bank’s digital channels, offering internet and mobile banking services. As of December 31, 2021, Banco Macro maintained a significant physical presence throughout Argentina, operating 466 branches, 1,779 automated teller machines, and 955 self-service terminals, alongside various other customer touchpoints. The institution was founded in 1966 and is headquartered in Buenos Aires, Argentina.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 9,693,680,653 | 6,464,238,403 | 5,815,025,966 |
| Gross Profit | 6,042,353,756 | 4,413,505,255 | 2,939,000,355 |
| EBITDA | 2,009,533,078 | 498,155,120 | 688,930,399 |
| Operating Income | 1,883,015,098 | 360,014,620 | 595,607,327 |
| Net Income | 1,267,458,712 | 325,502,107 | 337,274,114 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,718,211,111 | 14,492,424,831 | 16,020,608,415 |
| Total Liabilities | 4,674,186,061 | 10,441,712,229 | 12,412,584,858 |
| Total Stockholders Equity | 2,043,559,163 | 4,049,083,078 | 3,605,938 |
| Total Debt | 396,480,596 | 465,410,537 | 1,032,984,184 |
| Cash and Cash Equivalents | 1,203,105,095 | 2,776,111,551 | 895,407,336 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -85,229,087 | 918,590,561 | 0 |
| Capital Expenditure | -57,073,159 | -124,516,286 | 0 |
| Free Cash Flow | -142,302,246 | 794,074,275 | 0 |
| Net Income | 972,158.461 | 360,014,620 | 199,460.677 |
| Net Change in Cash | -950,854,104 | -151,367,850 | -1,972,966.144 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,099,124,810.293 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 12,675,896,033.961 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 10,704,869,389.036 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 967,875,354.237 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,514,816,434.061 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,279,271,463.851 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,288,879,019.275 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,017,217,518.110 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,703,552,159.373 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 0 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: BMA has demonstrated strong revenue figures in recent income statements, reflecting consistent top-line growth. This performance aligns with positive industry trends within its sector, as evidenced by sector performance metrics showing favorable growth over 1-year and 5-year periods.
- Solid Financial Health: Key metrics such as currentRatioTTM and quickRatioTTM indicate a strong liquidity position, providing BMA with the flexibility to manage short-term obligations effectively. Additionally, a healthy freeCashFlowYieldTTM underscores operational efficiency and the ability to generate cash for reinvestment or shareholder returns.
- Positive Earnings Call Insights: The latest earnings call transcript highlights that BMA exceeded revenue expectations for the recent quarter, with management emphasizing successful product launches and operational improvements, which bolster investor confidence in execution capabilities.
- Market Position: With a competitive market capitalization and a stable beta as per company profile data, BMA maintains a solid standing within its industry, suggesting resilience against market volatility compared to peers.
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Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about BMA valuation
Is Banco Macro S.A. (BMA) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Banco Macro S.A. (BMA) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BMA a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BMA trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BMA’s P/E ratio?
You can see BMA’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BMA?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BMA a good long-term investment?
Whether BMA fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BMA
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Daily snapshot
4.87
Trading Metrics:
| Open: | 84.45 | Previous Close: | 83.91 | |
| Day Low: | 84.45 | Day High: | 89.32 | |
| Year Low: | 38.3 | Year High: | 106.15 | |
| Price Avg 50: | 77.79 | Price Avg 200: | 75.56 | |
| Volume: | 378922 | Average Volume: | 334417 |
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Login — it's freeBMA full analysis
Welcome to MARKETSNAP’s SWOT analysis for Banco Macro! Hey everyone, I’m thrilled to dive into this deep dive with you today as we unpack the potential of Banco Macro, a key player in Argentina’s financial landscape. If you’re a long-term investor looking to build wealth, stick around because we’re going to break down the strengths, weaknesses, opportunities, and threats for this stock, while keeping an eye on what could drive its future growth. Let’s get started! First off, for those…
