Macro Bank Inc. BMA
- Market cap
- $4.5B
- P/E
- 15.1×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52.88 | 66.34 | 32.00 | 21.41 | 11.45 | 12.24 | 9.72 | 15.66 | 24.41 | 38.30 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 83.18 | 136.10 | 117.99 | 77.31 | 37.73 | 21.20 | 18.05 | 31.68 | 109.36 | 118.42 |
High Price
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| 8,617 | 8,774 | 9,028 | 8,768 | 8,774 | 8,005 | 7,796 | 8,005 | 9,004 | 8,490 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 |
Revenue/Emp
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| 2,539 | 2,902 | 3,142 | 3,921 | 2,794 | 3,027 | 6,230 | 17,288 | 6,919 | 4,574 |
Revenue
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| 64.53% | 71.81% | 66.59% | 66.13% | 69.09% | 67.24% | 62.04% | 64.36% | 69.68% | 66.23% |
Gross Margin
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| 678 | 916 | 305 | 696 | 557 | 253 | 455 | 3,306 | 396 | 409 |
EBT
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| 26.71% | 31.58% | 9.71% | 17.75% | 19.92% | 8.35% | 7.31% | 19.12% | 5.72% | 8.94% |
EBT Margin
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| 0 | 0 | 305 | 696 | 557 | 253 | 455 | 3,306 | 396 | 409 |
Net Income
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| — | — | 52 | 62 | 63 | 75 | 117 | 221 | 152 | 143 |
Depreciation
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| 43.46 | 46.12 | 47.52 | 61.33 | 43.70 | 47.34 | 97.44 | 270.37 | 108.21 | 71.53 |
Revenue/Sh
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| 7.60 | 8.65 | (0.39) | 6.69 | 6.54 | 4.13 | 3.80 | 34.93 | 5.59 | 3.10 |
Earnings/Sh
|
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| 14.64 | (11.64) | 40.75 | 5.40 | 26.61 | 7.33 | 62.35 | (5.07) | 34.44 | 6.95 |
Cash Flow/Sh
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| (0.46) | (0.33) | (1.23) | (1.31) | (0.82) | (1.13) | (2.93) | (3.39) | (2.14) | (2.15) |
Capex/Sh
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| 14.17 | (11.97) | 39.52 | 4.08 | 25.79 | 6.20 | 59.42 | (8.46) | 32.30 | 4.80 |
Free CF/Sh
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| 25.62 | 41.40 | 32.71 | 34.33 | 33.66 | 39.35 | 61.68 | 121.48 | 69.69 | 65.49 |
Book Value/Sh
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| 58 | 63 | 66 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
Shares
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| 9.27 | 14.02 | 4.75 | 3.35 | 1.94 | 3.60 | 3.30 | 0.80 | 2.84 | 27.40 |
PE Ratio
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| 1.61 | 2.54 | 0.97 | 0.75 | 0.41 | 0.30 | 0.16 | 0.10 | 0.36 | 1.26 |
PS Ratio
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| 2.86 | 5.14 | 1.36 | 1.50 | 0.54 | 0.36 | 0.26 | 0.23 | 1.54 | 1.38 |
PB Ratio
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| 0.82 | 1.98 | 0.56 | 0.33 | (0.32) | (0.25) | (0.13) | (0.21) | 0.17 | 0.73 |
EV/Sales
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| 2.52 | (7.63) | 1.80 | 0.59 | (0.59) | (1.93) | (0.21) | 6.70 | (6.19) | 10.88 |
EV/FCF
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| 855 | (732) | 2,694 | 345 | 1,701 | 469 | 3,987 | (324) | 2,202 | 444 |
Op' Cash Flow
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| (27) | (21) | (81) | (84) | (52) | (72) | (187) | (217) | (137) | (138) |
Capex
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| 828 | (753) | 2,613 | 261 | 1,649 | 396 | 3,799 | (541) | 2,065 | 307 |
FCF
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| 1,292 | 2,277 | 697 | 1,282 | (744) | (159) | (2,810) | 724 | 328 | 1,275 |
Working Cap'
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| 434 | 458 | 876 | 664 | 570 | 477 | 595 | 1,546 | 524 | 1,199 |
Total Debt
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| (2,009) | (1,611) | (1,779) | (1,455) | (1,849) | (1,663) | (1,808) | (5,415) | (2,457) | (2,428) |
Net Debt
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| 1,497 | 2,605 | 2,162 | 2,195 | 2,152 | 2,516 | 3,944 | 7,767 | 4,456 | 4,188 |
Sh' Equity
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| 4.04% | 4.72% | (0.19%) | 3.94% | 3.67% | 2.24% | 2.36% | 10.72% | 1.73% | 1.34% |
ROA
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| 0.00% | 57.64% | 49.77% | 58.78% | 114.96% | 18.50% | 13.32% | 87.83% | 12.39% | 14.52% |
ROIC
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| 0.00% | 0.00% | (1.33%) | 19.62% | 17.09% | 10.29% | 9.72% | 38.11% | 5.86% | 5.36% |
ROE
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Macro Bank Inc. (BMA) key facts
- Macro Bank Inc. (BMA) is a Banks Regional company in the Financial sector, traded in the US as an ADR.
- Macro Bank Inc.’s revenue for fiscal 2025 (year ended December 2025) was ARS 4.6 billion, down 33.9% from fiscal 2024.
- As of September 25, 2026, BMA traded at $68.86, a market capitalization of $4.5 billion.
- Macro Bank Inc. pays an annual dividend of $2.28 per share, a yield of 4.02%, with a payout ratio of 26.1%.
- Return on equity was 5.36% and debt-to-equity 0.26.
Macro Bank Inc. (BMA) Latest News
21 Sep
Banco Macro (BASE:BMA) saw a split analyst view after a valuation update: JPMorgan raises confidence with a US$132 target, the high end of peers, while Itau BBA downgrades to Market Perform with a US$91 target. Fair value declined to ARS 17,588.77 from ARS 18,635.01. Revenue growth is trimmed from 46.00% to 39.37% and net profit margin from 20.44% to 18.27%, with the future P/E rising to 12.02x and the discount rate easing slightly to 22.14%. The piece emphasizes Banco Macro’s digital banking push, retail deposit growth, and underserved regions as key drivers, but flags risks including tighter net interest margins, rising credit pressure, funding strains if loan growth outpaces deposits, and Argentina’s macro volatility. Overall, sentiment is mixed as investors weigh upside potential against momentum and execution concerns. Valuation shifts and mixed analyst views imply a balanced, moderately uncertain outlook affecting sentiment but not core operations.
20 Aug
Banco Macro SA reported 39% net income growth in Q2 2026 driven by strong performance. 39% net income surge affects near-term sentiment and valuation but does not shift long-term company trajectory.
Macro Bank Inc. (BMA) released highlights from its Q2 earnings call covering financial results and operational updates. Q2 earnings highlights typically offer moderate insight into performance and outlook with short-term market effects.
19 Aug
Banco Macro reported financial results for the second quarter of 2026. Quarterly earnings results provide key metrics that influence near-term stock valuation and investor sentiment.
28 May
Macro Bank Inc. released Q1 earnings call highlights covering financial results, operational metrics and management commentary on performance. Q1 earnings highlights reveal updated financial metrics that may influence short-term investor views on BMA.
27 May
Banco Macro reported financial results for the first quarter of 2026. Quarterly earnings release supplies performance metrics that move investor views on valuation.
14 May
Estelatrade.com, linked to Macro Bank Inc. (BMA), announces expansion into Latin America and Europe to broaden its trading platform reach. Geographic expansion into high-growth regions like Latin America and Europe drives significant revenue potential and market positioning for BMA.
20 Mar
Banco Macro S.A. entered into a share purchase agreement to acquire Banco Sáenz S.A. Acquiring Banco Sáenz represents a major strategic expansion for Banco Macro, likely boosting its market share, assets, and competitive position in Argentina's banking sector.
3 Mar
Banco Macro SA (BMA) Q4 2025 earnings call highlights strategic measures to navigate operational and market challenges. Q4 2025 earnings highlights detail strategic responses to challenges, poised to significantly influence BMA's financial trajectory and investor sentiment.
27 Feb
Macro Bank Inc. (BMA) released highlights from its Q4 earnings call, covering financial performance, strategic updates, and outlook. Q4 earnings call highlights detail financial results and guidance, significantly impacting investor sentiment and stock trajectory.
26 Feb
Banco Macro Inc. (BMA) released its Q4 earnings snapshot, detailing quarterly financial results. Q4 earnings snapshots reveal key financial metrics that drive significant shifts in BMA's stock price and investor outlook.
Banco Macro Inc. (BMA) announced financial results for Q4 2025. Q4 earnings announcements drive significant shifts in stock performance and investor outlook.
10 Feb
Banco Macro S.A. has announced the expiration and final results of its cash tender offer for all outstanding 6.750% Subordinated Resettable Notes due 2026. The offer was aimed at repurchasing these notes, which are part of the bank's capital structure, to optimize its financial position. The results indicate the total amount of notes tendered and accepted for purchase, reflecting the bank's strategic financial management. The cash tender offer may moderately influence the bank's financial performance and capital structure.
Macro Bank Inc. (BMA) and Banco do Brasil S.A. (BSBR) are compared in terms of their value as investment options. The analysis focuses on financial metrics, market performance, and growth potential. BMA shows promising fundamentals, including strong earnings growth and a favorable valuation compared to BSBR. Investors are encouraged to consider these factors when evaluating which stock may offer better value in the current market environment. BMA's financial metrics indicate a moderately noticeable influence on its future performance and market positioning.
27 Jan
Banco Macro S.A. has announced the early results of its cash tender offer for all outstanding 6.750% Subordinated Resettable Notes due 2026. The bank has elected to exercise its Early Settlement Right and will extend the payment of the Early Tender Consideration through the expiration date. The cash tender offer may moderately influence the bank's financial performance and investor sentiment.
23 Jan
Banco Macro (BMA) is experiencing a shift in its narrative due to several catalysts, including improved economic conditions in Argentina, strategic initiatives aimed at enhancing customer experience, and a focus on digital transformation. These factors are expected to bolster the bank's competitive positioning and financial performance, attracting investor interest. Additionally, regulatory changes and market dynamics are contributing to a more favorable outlook for the bank's operations and growth potential. Significant strategic initiatives and favorable economic conditions are likely to alter the company's trajectory and investor sentiment.
12 Jan
Banco Macro S.A. has announced a cash tender offer for all of its outstanding 6.750% Subordinated Resettable Notes due 2026. This move aims to optimize its capital structure and manage its debt obligations more effectively. The offer is part of the bank's strategy to enhance financial flexibility and improve its balance sheet. The tender offer may moderately influence the bank's financial performance and capital management strategies.
15 Dec
Recent analyst upgrades for Banco Macro Inc. (BMA) indicate a positive shift in the bank's valuation outlook. Analysts have raised their price targets, reflecting improved confidence in the bank's financial performance and growth potential. This change is attributed to favorable economic conditions and strategic initiatives undertaken by the bank. Investors are encouraged to reassess their positions as these upgrades may signal a more robust future for BMA. Analyst upgrades suggest significant improvements in investor sentiment and potential financial performance for Banco Macro.
5 Dec
Banco Macro SA (BMA) reported its Q3 2025 earnings, highlighting strategic initiatives to navigate ongoing challenges in the financial landscape. The bank emphasized its focus on enhancing operational efficiency and adapting to market dynamics while maintaining a strong capital position. Key performance metrics showed resilience despite external pressures, and management outlined plans for future growth and innovation to strengthen its competitive edge. Significant strategic moves and operational adjustments are expected to influence the bank's future performance and market positioning.
4 Dec
BofA analyst expresses a bullish outlook on Banco Macro (BMA), highlighting the bank's strong fundamentals and growth potential in the Argentine market. The analyst emphasizes the bank's solid financial performance and strategic positioning, suggesting that it is well-equipped to navigate economic challenges. Positive sentiment around BMA is expected to attract investor interest and support its stock performance moving forward. Analyst optimism indicates significant potential for improved market performance and investor sentiment.
29 Nov
Banco Macro Inc. is experiencing renewed optimism following recent analyst updates, which highlight potential catalysts that could influence its future performance. Analysts are focusing on macroeconomic factors, regulatory changes, and strategic initiatives that may enhance the bank's competitive positioning. The article explores how these developments could shift investor sentiment and impact the bank's trajectory in the coming months. Analyst updates and potential catalysts are likely to significantly influence investor sentiment and the bank's strategic direction.
26 Nov
Banco Macro reported its Q3 earnings, highlighting a significant increase in net income compared to the previous year. The bank's performance was driven by growth in its loan portfolio and improved efficiency. Additionally, the bank's capital ratios remained strong, positioning it well for future growth. Analysts noted the positive trends in the bank's operations and expressed optimism about its prospects in the Argentine banking sector. The significant increase in net income and strong capital ratios indicate a positive trajectory for future performance.
Banco Macro Inc. reported its financial results for the third quarter of 2025, highlighting significant growth in net income and total assets. The bank's performance was driven by increased lending activity and improved operational efficiency. Key metrics showed a rise in return on equity and a reduction in non-performing loans, indicating a stronger financial position. Management expressed optimism about future growth prospects and ongoing investments in technology to enhance customer service. Strong financial results and strategic investments indicate a significant positive shift in the company's trajectory.
15 Nov
Analyst sentiment regarding Banco Macro Inc. (BMA) is shifting, with recent upgrades and positive outlooks influencing investor perceptions. Analysts are increasingly optimistic about the bank's growth potential, driven by macroeconomic factors and strategic initiatives. This change in sentiment is expected to enhance BMA's market position and attract more investment, reflecting a broader trend in the financial sector. As analysts reassess their forecasts, the bank's stock performance may benefit from renewed confidence among investors. Shifts in analyst sentiment are likely to significantly impact investor confidence and market performance for Banco Macro.
1 Nov
Analysts are reassessing Banco Macro's outlook following recent economic shifts and sector changes in Argentina. Factors such as inflation, currency fluctuations, and regulatory adjustments are influencing investor sentiment and expectations for the bank's performance. The evolving economic landscape is prompting analysts to adjust their forecasts and recommendations for Banco Macro, reflecting a more cautious approach amid uncertainties. Significant economic and regulatory changes in Argentina are likely to impact Banco Macro's future performance and investor sentiment.
28 Oct
Macro Bank Inc. (BMA) and MFG are compared as potential value stocks, focusing on their financial metrics, market positions, and growth prospects. Analysts evaluate key indicators such as price-to-earnings ratios, dividend yields, and recent performance trends to determine which stock offers better value for investors. The analysis highlights the strengths and weaknesses of both banks, considering factors like market conditions and economic outlook. The comparison of BMA with MFG may moderately influence investor sentiment and market positioning.
27 Oct
The Argentine peso and stocks experienced a significant surge following Javier Milei's election victory. Investors reacted positively to Milei's promises of economic reforms aimed at stabilizing the economy and addressing inflation. The election results indicate a shift towards more market-friendly policies, which has boosted investor confidence in Argentina's financial markets. Analysts predict that these changes could lead to a more favorable economic environment, impacting various sectors positively. Milei's election win is expected to lead to significant economic reforms that could alter the financial landscape in Argentina.
Following Javier Milei's election victory in Argentina, the Argentine peso and MercadoLibre stock experienced significant gains. Investors reacted positively to Milei's proposed economic reforms, which aim to stabilize the economy and address inflation. The surge in the peso's value reflects growing optimism about potential changes in fiscal policy and market conditions under the new administration. Milei's election could lead to major economic reforms that significantly impact the financial landscape in Argentina, affecting Macro Bank Inc.'s operations and market positioning.
Argentine stocks, including Macro Bank Inc. (BMA), experienced a surge in U.S. markets following Javier Milei's election victory. Investors reacted positively to Milei's pro-market policies and plans to address economic challenges in Argentina, leading to increased confidence in the stock market. The election results signal a potential shift in economic direction, which could benefit companies operating in the region. Milei's election win is expected to significantly alter economic policies, impacting investor sentiment and market dynamics for companies like BMA.
Macro Bank Inc. (BMA) is facing several key developments that investors should be aware of before the stock market opens. These include changes in interest rates, updates on regulatory compliance, and shifts in market sentiment that could influence trading. Additionally, the bank's recent performance metrics and strategic initiatives are highlighted, indicating potential areas for growth or concern. Investors are advised to monitor these factors closely as they may impact BMA's stock performance in the near term. Moderate influences from interest rate changes and regulatory updates could affect BMA's financial performance.