Banco Macro S.A. logo BMA - Banco Macro S.A.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 6
SELL 2
STRONG
SELL
0
| PRICE TARGET: $85.00 DETAILS
HIGH: $85.00
LOW: $85.00
MEDIAN: $85.00
CONSENSUS: $85.00
UPSIDE: 11.92%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue
Revenue 5,815,026.0 6,464,238.4 9,693,680.7 5,371,110.8 1,701,695.5 587,932.4 387,420.3 129,682.6 86,975.7 21,471.4 16,008.3 11,589.8 8,265.6 6,049.4 4,529.5 3,443.6 3,521.1 2,579.5 2,737.5 1,839.8 1,270.7 697.2 419.9 1,623.3 218.9
Cost of Revenue 2,876,025.6 2,050,733.1 3,651,326.9 2,137,770.3 589,909.1 201,981.3 140,770.5 0 0 0 0 0 0 0 0 0 0 0 900.4 454.1 373.1 171.0 276.2 633.0 116.9
Gross Profit 2,939,000.4 4,413,505.3 6,042,353.8 3,233,340.6 1,111,786.4 385,951.1 246,649.8 129,682.6 86,975.7 21,471.4 16,008.3 11,589.8 8,265.6 6,049.4 4,529.5 3,443.6 3,521.1 2,579.5 1,837.1 1,385.7 897.6 526.3 143.7 990.4 102.0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 1,579,769.1 1,016,800.2 923,473.9 351,041.0 350,721.4 111,189.5 69,874.5 42,045.1 27,123.8 7,351.0 5,266.6 3,928.0 2,872.6 2,248.7 1,810.1 1,383.6 1,109.5 935.4 639.6 427.6 277.4 145.7 0 0 0
Other Expenses 763,324.5 3,036,690.4 3,235,864.8 2,481,228.0 615,121.0 159,499.3 107,608.7 87,637.4 59,851.9 14,120.4 10,741.7 7,661.7 5,393.1 3,800.8 2,719.4 2,060.0 2,411.6 1,644.1 609.6 457.5 323.6 185.4 (56.9) 414.7 83.7
Operating Expenses 2,343,093.6 4,053,490.6 4,159,338.7 2,832,269.0 965,842.4 270,688.8 177,483.1 129,682.6 86,975.7 21,471.4 16,008.3 11,589.8 8,265.6 6,049.4 4,529.5 3,443.6 3,521.1 2,579.5 1,249.3 885.1 601.0 331.1 (56.9) 414.7 83.7
Operating Income
Operating Income 595,607.3 360,014.6 1,883,015.1 401,071.6 145,944.0 115,261.2 69,166.7 0 0 0 0 0 0 0 0 0 0 0 587.8 500.6 296.7 195.2 200.7 575.7 18.3
Interest Expense 2,249,086.3 1,942,626.0 3,551,223.7 2,090,994.0 574,163.5 178,866.3 131,837.9 63,205.1 26,142.9 13,300.8 8,842.7 6,582.6 4,021.5 2,827.6 1,718.7 1,330.2 1,511.6 1,342.1 805.6 394.4 302.8 134.2 241.2 515.2 94.9
Interest Income 5,831,578.8 3,551,436.3 5,350,326.5 4,169,461.6 1,374,260.3 461,853.5 311,458.6 164,213.3 86,629.7 28,161.7 19,396.9 13,776.0 8,909.6 6,493.9 4,409.6 3,520.7 3,860.5 3,029.9 1,891.3 1,153.7 749.3 431.2 419.9 1,623.3 218.9
Profitability
EBITDA 688,930.4 498,155.1 2,009,533.1 448,557.0 189,168.6 12,819.0 75,344.6 0 0 0 0 0 0 0 0 0 0 0 587.8 500.6 296.7 195.2 200.7 575.7 18.3
EBIT 595,906.8 360,014.6 1,883,015.1 401,071.6 145,944.0 (125.1) 69,166.7 (3,085.8) (2,165.0) (407.4) (325.0) (256.6) (190.7) (219.7) (153.2) (122.7) (123.2) (76.1) 587.8 500.6 296.7 195.2 200.7 575.7 18.3
Income Before Tax 595,906.8 360,014.6 1,883,015.1 401,071.6 145,944.0 115,262.3 69,166.7 18,335.4 22,069.1 10,018.2 7,495.6 5,441.7 3,776.5 2,347.1 1,834.0 1,376.2 1,416.3 921.3 587.8 500.6 296.7 195.2 200.7 575.7 18.3
Income Tax Expense 256,922.2 33,523.4 614,792.6 124,572.1 7,194.5 38,361.2 26,593.1 19,835.2 12,935.7 3,477.4 2,485.7 1,962.2 1,332.9 853.5 657.9 365.8 659.2 261.2 92.4 76.9 34.0 0.7 0.8 3.6 0.8
Net Income 337,274.1 325,502.1 1,267,458.7 276,451.5 138,745.0 76,900.0 42,573.2 (1,500.1) 9,132.9 6,540.8 5,009.9 3,479.5 2,443.6 1,493.6 1,176.1 1,010.4 751.9 660.0 495.4 423.8 262.6 194.5 199.8 572.1 17.6
Per Share Data
EPS (Basic) 5281.60 5090.60 9185.40 673.10 424.20 473.60 638.10 -23.10 134.80 110.40 85.70 58.80 41.30 25.10 19.90 16.80 12.50 11.50 7.20 6.40 4.30 3.20 3.30 9.20 0.27
EPS (Diluted) 5281.60 5090.60 9185.40 673.10 424.20 473.60 638.10 -23.10 134.80 110.40 85.70 58.80 41.30 25.10 19.90 16.80 12.50 11.50 7.20 6.20 4.30 3.20 3.30 9.20 0.27
Shares Outstanding 63.9 63.9 63.9 63.9 63.9 63.9 63.9 64.8 67.7 59.2 58.5 59.2 59.2 59.5 59.2 60.2 60.2 68.4 68.4 66.3 61.0 61.0 60.6 62.2 63.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001
Current Assets
Cash & Cash Equivalents 3,587,423.7 2,776,111.6 2,694,676.6 778,796.5 335,692.1 196,175.0 137,066.4 115,012.6 52,505.1 66,306.4 5,016.0 3,523.9 1,382.9 0 326.0 113.6
Short-Term Investments 0 438,703.7 635,193.3 429,468.5 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 1,035,235.5 862,281.0 1,862.1 123,403.0 57,158.8 28,729.5 3,963.9 2,635.7 1,731.3 638.0 1,705.9 1,949.8 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 350,624.7 0 0 0 (4,670.2) 0 0 (638.0) (1,705.9) 0 0 0 0
Total Current Assets 3,587,423.4 4,283,925.2 4,243,877.0 1,571,893.2 461,567.9 254,949.7 166,167.5 115,012.6 55,460.9 68,037.7 5,016.0 3,523.9 3,332.6 0 326.0 113.6
Non-Current Assets
Property, Plant & Equipment 1,043,087.6 788,293.0 776,953.2 317,211.5 102,991.5 51,877.9 35,052.9 23,911.7 15,205.8 13,953.7 433.6 430.8 195.4 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 20.6 55.0 63.5 0 0 0 0
Intangible Assets 182,854,005.8 147,475.9 163,694.3 54,308.8 16,371.0 7,704.2 4,822.2 3,262.1 1,626.3 643.5 155.5 135.1 0 0 0 0
Long-Term Investments 17,215,518.6 9,176,063.9 7,968,740.9 3,069,601.8 1,301,239.8 793,202.7 397,463.5 114,702.3 261,444.9 209,141.3 6,911 4,795.1 5,020.3 2,155.8 0 0
Other Non-Current Assets (181,652,009.0) 94,414.8 1,474,386.8 1,495,778.7 64,304.0 61,257.1 2,587.1 (141,876.2) 4,332.0 2,388.6 (7,555.2) (5,424.5) 235.3 (2,155.8) 0 0
Total Non-Current Assets 19,460,603.1 10,208,499.6 10,385,943.1 4,936,900.8 1,484,999.3 914,137.2 439,984.7 425,289.1 282,608.9 226,989.9 21,843.3 18,906.4 5,533.1 0 3,492.1 1,261.6
Total Assets 23,245,902.8 14,492,424.8 14,629,820.2 6,508,793.9 1,946,567.2 1,169,086.9 606,152.2 540,301.7 338,069.9 295,027.6 26,859.2 22,430.3 8,865.8 5,025.0 3,818.1 1,375.2
Current Liabilities
Account Payables 0 0 0 0 0 0 0 1,686.4 2,890.0 394.9 0.1 49.8 112.7 0 0 0
Short-Term Debt 89,477.4 18,956.7 51,395.1 0 0 933.7 1,364.8 0 0 0 0 0 760.0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 7,407,938.0 7,369,265.1 4,032,911.9 1,150,211.7 737,714.2 357,866.4 (30,784.0) 212,800.4 206,113.0 (492.3) (118.3) 5,360.1 0 0 0
Total Current Liabilities 89,477.4 8,481,839.8 7,458,583.8 4,035,597.4 1,150,211.7 738,647.9 359,231.3 0 215,821.8 206,603.9 0 0 6,232.8 0 0 0
Non-Current Liabilities
Long-Term Debt 1,436,894.5 432,465.2 842,945.2 233,074.3 87,588.7 59,210.2 40,619.9 33,328.3 18,127.9 14,853.1 1,173.5 1,230.0 16.5 0 0 0
Deferred Tax Liabilities 1,551.1 80,145.1 98,899.3 40,903.1 12,169.2 11,242.3 763.2 3,601.9 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 16,511,800.6 1,439,642.6 1,769,323.7 597,979.4 227,033.8 129,466.4 59,896.7 (36,930.2) 32,162.0 26,281.5 (1,173.5) (1,230.0) 1,349.4 0 0 0
Total Non-Current Liabilities 18,010,660.6 1,959,872.4 2,731,613.6 878,076.7 329,558.1 201,693.3 102,528.1 0 50,496.5 41,134.6 0 0 1,365.9 0 0 0
Total Liabilities 18,010,660.6 10,441,712.2 10,190,197.3 4,913,674.1 1,479,769.8 940,341.1 461,759.4 446,608.8 266,318.3 247,738.6 23,479.8 19,592.8 7,598.7 3,899.8 2,892.7 1,122.8
Stockholders' Equity
Common Stock 639.0 639.4 639.4 639.4 639.4 639.4 639.4 669.7 0 584.6 594.5 684.0 613.7 0 0 0
Retained Earnings 290,439.4 (521,635.0) 431,634.6 (249,980.9) (85,721.1) (97,571.0) (35,775.6) (17,475.0) 0 9,935.0 2,361.1 1,251.6 648.8 0 0 0
Accumulated Other Comprehensive Income 4,928,707.5 3,306,955.0 2,743,210.6 1,264,499.9 366,085.4 230,643.6 116,784.2 64,559.2 0 26,625.9 0 0 4.5 0 0 0
Total Stockholders' Equity 5,232,216.0 4,049,083.1 4,438,608.3 1,594,856.1 466,723.6 228,742.9 144,390.9 93,691.5 71,441.6 46,901.8 3,358.8 2,821.9 1,267.0 1,125.2 925.4 252.4
Total Liabilities & Equity 23,245,902.2 14,492,424.8 14,629,820.2 6,508,793.9 1,946,567.2 1,169,086.9 606,152.2 540,301.7 337,759.9 295,027.6 26,859.2 22,430.3 8,865.8 5,025.0 3,818.1 1,375.2
Debt Metrics
Total Debt 1,536,037.8 465,410.5 914,785.6 239,194.2 90,355.1 61,918.2 43,233.0 33,328.3 18,127.9 14,853.1 1,173.5 1,230.0 776.5 0 0 0
Net Debt (2,051,385.9) (2,310,701.0) (1,779,891.0) (539,602.3) (245,337.0) (134,256.8) (93,833.4) (81,684.2) (34,377.2) (51,453.2) (3,842.5) (2,293.9) (606.3) 0 (326.0) (113.6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004
Operating Activities
Net Income 289,417.4 129,163.1 972.2 24,043.2 145,944.0 70,314.6 0 18,335.4 22,069.1 0 262.6 194.5
Depreciation & Amortization 0 138,140.5 64.9 103,405.9 43,224.6 12,944.1 0 3,085.8 2,165.0 0 0 0
Stock-Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 0 (4,794,518.2) (1,937,466.5) 442,033.2 34,067.2 (72,266.2) 0 112,569.8 (69,427.3) 0 0 0
Other Non-Cash Items (289,417.4) 5,445,805.2 1,750,831.5 1,042,766.9 48,532.4 340,903.2 0 25,435.0 19,115.8 0 98.2 284.3
Operating Cash Flow 0 918,590.6 (85,229.1) 1,612,249.2 271,768.2 351,895.6 0 159,426.0 (26,077.4) 0 360.8 478.8
Investing Activities
Capital Expenditure 0 (124,516.3) (57,073.2) (75,754.3) (41,809.8) (10,808.6) 0 (5,270.2) 0 0 0 0
Acquisitions 0 (8,526.3) (24.5) 0 (216.3) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 (706.6) 0
Sales/Maturities of Investments 0 0 9,188.9 0 0 0 0 0 0 0 0 478.5
Other Investing Activities 0 (647.3) 225,000.3 (11.9) 0 0 0 0 0 400.4 (282.2) (1,782.4)
Investing Cash Flow 0 (133,689.8) 177,091.5 (75,766.2) (42,026.1) (10,808.6) 0 (5,270.2) 0 0 (988.8) (1,303.8)
Financing Activities
Net Debt Issuance 0 (116,742.6) 4,058.3 (15,093.1) (8,921.5) (6,885.9) (195.4) 5,394.3 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 (9.2) (10,426.3) 0 0 0 0
Dividends Paid 0 (466,940.8) (179.7) (59,462.6) 0 (1.2) (17,480.4) (9,448.2) 0 0 (30.4) (61.4)
Other Financing Activities 0 (8,343.7) (2,906,596.1) (3,230.3) (297,959.5) 371,639.8 17,684.9 (1,936.8) (30,699.3) 0 475.4 1,589.8
Financing Cash Flow 0 (592,027.2) (2,902,717.4) (77,786.0) (306,881.0) 364,752.7 0 (16,417.1) 0 0 445.0 1,528.4
Cash Position
Net Change in Cash (2,862,773.9) (151,367.9) (950,854.1) 1,731,605.7 (171,335.0) 574,402.6 0 101,389.0 0 0 (183.1) 703.3
Cash at Beginning 2,862,773.9 3,014,889.1 2,335,331.9 1,880,049.6 2,413,600.0 589,984.5 273,575.7 172,186.8 0 0 1,371.7 679.5
Cash at End 0 2,863,521.3 1,384,477.8 2,335,331.9 1,880,049.6 775,061.2 302,877.4 273,575.7 0 0 1,188.6 1,382.9
Free Cash Flow 0 794,074.3 (142,302.2) 1,536,494.9 229,958.4 341,087.0 0 154,155.8 0 0 360.8 478.8
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Income Statement
Revenue 5,815,026.0 6,464,238.4 9,693,680.7 5,371,110.8 1,701,695.5 587,932.4 387,420.3 129,682.6 86,975.7 21,471.4 16,008.3 11,589.8 8,265.6 6,049.4 4,529.5 3,443.6 3,521.1 2,579.5 2,737.5 1,839.8 1,270.7 697.2 419.9 1,623.3 218.9
Gross Profit 2,939,000.4 4,413,505.3 6,042,353.8 3,233,340.6 1,111,786.4 385,951.1 246,649.8 129,682.6 86,975.7 21,471.4 16,008.3 11,589.8 8,265.6 6,049.4 4,529.5 3,443.6 3,521.1 2,579.5 1,837.1 1,385.7 897.6 526.3 143.7 990.4 102.0
Operating Income 595,607.3 360,014.6 1,883,015.1 401,071.6 145,944.0 115,261.2 69,166.7 0 0 0 0 0 0 0 0 0 0 0 587.8 500.6 296.7 195.2 200.7 575.7 18.3
Net Income 337,274.1 325,502.1 1,267,458.7 276,451.5 138,745.0 76,900.0 42,573.2 (1,500.1) 9,132.9 6,540.8 5,009.9 3,479.5 2,443.6 1,493.6 1,176.1 1,010.4 751.9 660.0 495.4 423.8 262.6 194.5 199.8 572.1 17.6
EPS (Diluted) 5281.60 5090.60 9185.40 673.10 424.20 473.60 638.10 -23.10 134.80 110.40 85.70 58.80 41.30 25.10 19.90 16.80 12.50 11.50 7.20 6.20 4.30 3.20 3.30 9.20 0.27
Balance Sheet
Cash & Equivalents 3,587,423.7 2,776,111.6 2,694,676.6 778,796.5 335,692.1 196,175.0 137,066.4 115,012.6 52,505.1 66,306.4 5,016.0 3,523.9 1,382.9 0 326.0 113.6
Total Assets 23,245,902.8 14,492,424.8 14,629,820.2 6,508,793.9 1,946,567.2 1,169,086.9 606,152.2 540,301.7 338,069.9 295,027.6 26,859.2 22,430.3 8,865.8 5,025.0 3,818.1 1,375.2
Total Debt 1,536,037.8 465,410.5 914,785.6 239,194.2 90,355.1 61,918.2 43,233.0 33,328.3 18,127.9 14,853.1 1,173.5 1,230.0 776.5 0 0 0
Stockholders' Equity 5,232,216.0 4,049,083.1 4,438,608.3 1,594,856.1 466,723.6 228,742.9 144,390.9 93,691.5 71,441.6 46,901.8 3,358.8 2,821.9 1,267.0 1,125.2 925.4 252.4
Cash Flow
Operating Cash Flow 0 918,590.6 (85,229.1) 1,612,249.2 271,768.2 351,895.6 0 159,426.0 (26,077.4) 0 360.8 478.8
Capital Expenditure 0 (124,516.3) (57,073.2) (75,754.3) (41,809.8) (10,808.6) 0 (5,270.2) 0 0 0 0
Free Cash Flow 0 794,074.3 (142,302.2) 1,536,494.9 229,958.4 341,087.0 0 154,155.8 0 0 360.8 478.8