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Earnings transcript
Read the complete earnings call transcript.
BMA
Banco Macro S.A.
$77.46
-0.45
(-0.58%)
| Exchange: | NYSE |
| Market Cap: | 4.953B |
| Shares Outstanding: | 0 |
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. 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, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. As of December 31, 2021, it operated through a network of 466 branches, 1,779 ATMs, 955 self-service terminals, and various service points. The company was incorporated 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 | 4,007,598.874 |
| Gross Profit | 6,042,353,756 | 4,413,505,255 | 2,025,499.900 |
| EBITDA | 2,009,533,078 | 498,155,120 | 474,796.967 |
| Operating Income | 1,883,015,098 | 360,014,620 | 410,480.584 |
| Net Income | 1,267,458,712 | 325,502,107 | 232,442.532 |
(* 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) | 7,034,801,600.778 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 11,310,405,669.785 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,476,678,098.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 840,684,796.322 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,351,635,287.877 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,132,498,064.497 | 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) | 1,119,504,687.389 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,799,916,029.216 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,508,100,178.818 | 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) | 1 | 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
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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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.58
Trading Metrics:
| Open: | 75.57 | Previous Close: | 77.91 | |
| Day Low: | 73.06 | Day High: | 78.46 | |
| Year Low: | 38.3 | Year High: | 106.15 | |
| Price Avg 50: | 82.71 | Price Avg 200: | 73.65 | |
| Volume: | 142929 | Average Volume: | 338003 |
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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…
