| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡ |
|
| 2026 | ‡‡‡‡‡ |
|
| 2025 | ‡‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | 0.35 |
—
—
—
|
| 2022 | 0.00 |
—
—
|
| 2021 | ‡‡‡‡ |
|
| 2020 | 0.26 |
—
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 25.59 | 9.41 | 25.13 | 20.20 |
| Receivables | 169.09 | 69.39 | 91.34 | 92.66 |
| Inventory | 290.65 | 221.94 | 235.35 | 241.52 |
| Other | — | — | — | — |
| 485.32 | 300.74 | 351.82 | 354.38 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 217.57 | 102.95 | 94.54 | 75.11 |
| ST’ Debt | 141.45 | 110.75 | 107.42 | 32.61 |
| Other | 37.39 | 8.15 | 12.58 | 9.25 |
| 445.97 | 294.60 | 244.88 | 157.37 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 153.12 | 166.64 | — | — |
—
|
| ’25 | 146.84 | 157.06 | 167.42 | 207.16 |
678.47
|
| ’24 | 137.82 | 149.71 | 198.75 | 282.81 |
769.10
|
| ’23 | 211.07 | 218.92 | 244.80 | 929.43 |
1,604.21
|
| ’22 | 181.51 | 214.78 | 251.17 | 470.06 |
1,117.52
|
| ’21 | 148.88 | 151.25 | 183.34 | 290.05 |
773.52
|
| ’20 | 126.57 | 110.30 | 147.36 | 206.82 |
591.05
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 13.80 | 13.60 | — | — |
—
|
| ’25 | (1.19) | (20.12) | 26.79 | 46.84 |
52.32
|
| ’24 | (9.28) | 16.79 | 70.84 | 58.84 |
137.19
|
| ’23 | 24.14 | 51.67 | 50.85 | 196.45 |
323.11
|
| ’22 | 21.69 | 18.06 | 87.13 | 114.61 |
241.49
|
| ’21 | 33.10 | 1.06 | 57.64 | 66.23 |
158.02
|
| ’20 | 4.81 | 46.13 | 39.92 | 82.74 |
173.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 6.00 | 6.26 | — | — |
—
|
| ’25 | (11.17) | (36.95) | 16.67 | 29.94 |
(1.52)
|
| ’24 | (19.46) | (2.03) | 48.13 | 31.34 |
57.99
|
| ’23 | 14.97 | 37.93 | 35.67 | 98.14 |
186.70
|
| ’22 | 15.75 | 8.36 | 74.60 | 88.78 |
187.50
|
| ’21 | 21.55 | (13.63) | 40.11 | 37.52 |
85.54
|
| ’20 | (61.04) | 33.99 | 19.72 | 43.39 |
36.06
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.25 | 0.05 | — | — |
—
|
| ’25 | 0.17 | 0.00 | (0.05) | 0.04 |
0.17
|
| ’24 | 0.52 | 0.29 | 0.19 | 0.19 |
1.45
|
| ’23 | 0.24 | 0.09 | 0.21 | (0.41) |
0.34
|
| ’22 | 0.25 | 0.18 | (0.77) | 0.40 |
0.13
|
| ’21 | 0.25 | (0.11) | 0.12 | 0.25 |
0.58
|
| ’20 | 0.12 | 0.01 | 0.74 | 0.32 |
1.35
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 4.45 | 5.64 | 5.70 | 7.04 | — | — | — |
Low Price
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | 7.12 | 7.95 | 13.79 | 14.17 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,886 | 2,885 | 2,821 | 2,689 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.39 | 0.56 | 0.27 | 0.25 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,117.52 | 1,604.21 | 769.10 | 678.47 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.00% | 25.09% | 26.74% | 21.81% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 84.72 | 66.19 | 274.51 | 29.89 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.58% | 4.13% | 35.69% | 4.41% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.91 | 36.79 | 168.99 | 18.26 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 102.24 | 122.33 | 68.89 | 68.42 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.55 | 13.75 | 6.59 | 5.81 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.13 | 0.34 | 1.45 | 0.17 | ‡‡‡‡ | ‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.06 | 2.77 | 1.18 | 0.45 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.46) | (1.17) | (0.68) | (0.46) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.60 | 1.60 | 0.50 | (0.01) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.63 | 9.58 | 7.48 | 7.31 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 117.06 | 116.71 | 116.70 | 116.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 110.00 | 53.85 | 10.03 | 80.94 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.69 | 0.51 | 1.81 | 2.23 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.87 | 0.73 | 1.60 | 1.77 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.81 | 0.85 | 2.05 | 2.54 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.83 | 7.29 | 27.90 | (900.09) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 241.49 | 323.11 | 137.19 | 52.32 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (53.99) | (136.41) | (79.20) | (53.83) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 187.50 | 186.70 | 57.99 | (1.52) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.23) | 39.36 | 6.13 | 106.94 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 165.96 | 570.54 | 189.97 | 239.39 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 128.15 | 544.95 | 180.56 | 214.26 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 892.79 | 1,118.04 | 872.43 | 852.93 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.12% | 1.96% | 8.51% | 1.23% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.17% | 9.73% | 7.73% | 4.47% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.80% | 3.89% | 17.00% | 2.19% | — | — | — |
ROE
|
Loma Negra, Argentina’s leading cement producer and a proxy for the nation’s volatile construction cycle, exemplifies the perils of investing in an economy plagued by hyperinflation, currency crashes, and political upheaval. Despite a sharp 52% revenue plunge to $769 million in 2024 amid Javier Milei’s aggressive devaluation and austerity measures, the company staged a dramatic profitability rebound: EBT surged 315% to $275 million with margins hitting 35.7%, EPS leaped 326% to $1.45, and net debt halved to a manageable $181 million against bolstered equity. This resilience, fueled by cost cuts and forex gains, has delevered the balance sheet and generated positive free cash flow, positioning shares at an enticing 10x PE and 1.6x PB amid historical undervaluation.
Yet, the ADR’s decade-long underperformance—lagging revenue growth amid crises like the 2018 peso rout and 2023’s 211% inflation—raises red flags. Analysts project robust nominal revenue growth and 31% upside to targets, betting on Milei’s reforms to ignite infrastructure and exports, but forecasts imply EPS dips and PE expansions to 76x, echoing past sell signals. With no insider buying and capex ramps threatening FCF, the setup screams value trap potential in a market historically punishing bulls.
As a contrarian play, Loma Negra tempts with recovery upside on policy wins, but demands small positions and hedges against Argentina’s boom-bust tango—where construction stalls, energy costs spike, and 2027 elections loom.
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