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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, 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 to corporate customers; and internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Banco Macro S.A. is a major Argentine bank offering retail, corporate and SME banking, deposits and lending via an extensive branch and digital network. Growth drivers include expansion of consumer and SME loans, digitalization and a high nominal interest rate environment that may support margins and leverage its large deposit base.
Principal risks are Argentina's macroeconomic and political volatility—notably high inflation, peso devaluation, capital controls and regulatory intervention—that could weaken asset quality, compress margins and restrict shareholder access to value.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 410.69M | 360014.62M | 1883015.10M | 59143.53M | 608.62M |
| Minority interest | - | -989.12M | -350.74M | -7.08M | -1.00M |
| Net income | 232.44M | 325502.11M | 1267458.71M | 43038.52M | 419.11M |
| Selling general administrative | 307.84M | 994643.44M | 903239.02M | 104115.82M | 1037.79M |
| Selling and marketing expenses | 780.90M | 22156.74M | 20234.83M | 2374.90M | 23.13M |
| Gross profit | 2025.50M | 4413505.25M | 6042353.76M | 278740.86M | 4909.69M |
| Reconciled depreciation | - | 138140.50M | 58098.77M | 15248.63M | 7126.00M |
| Ebit | 410.69M | 360014.62M | 1883015.10M | 499742.70M | 608.55M |
| Ebitda | 474.80M | 498155.12M | 2009533.08M | 514991.32M | 757.05M |
| Depreciation and amortization | 64.11M | 138140.50M | 126517.98M | 15248.63M | 148.49M |
| Operating income | 410.48M | 360014.62M | 1883015.10M | 499742.70M | 608.55M |
| Other operating expenses | 3596.91M | 6104223.78M | 7810665.55M | 11512.65M | -4301.13M |
| Interest expense | 1550.03M | 1942626.04M | 3551223.69M | 307140.28M | 2990.91M |
| Tax provision | 220524.11M | 33523.39M | 282321.07M | 19454.14M | 1662.57M |
| Interest income | - | 3551436.30M | 2446332.75M | 612465.37M | 225432.00M |
| Net interest income | - | 1608810.25M | 825033.59M | 305325.09M | 130779.59M |
| Income tax expense | 177.07M | 33523.39M | 614792.59M | 18369.87M | 189.44M |
| Total revenue | 4007.60M | 6464238.40M | 9693680.65M | 484361.72M | 4909.69M |
| Total operating expenses | 1088.75M | 4053490.63M | 4159338.66M | -194108.21M | -4301.13M |
| Cost of revenue | 1982.10M | 2050733.15M | 3651326.90M | 205620.86M | - |
| Total other income expense net | 0.21M | 360014.62M | -64.92M | -440599.16M | 0.07M |
| Net income from continuing ops | - | 326491.23M | 587675.14M | 40773.67M | 27123.00M |
| Net income applicable to common shares | 260717.01M | 303026.18M | 579262.37M | 43038.52M | 27122.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 16020.61M | 14492424.83M | 7507.12M | 2090455.00M | 997701.00M |
| Intangible assets | 126019.30M | 147475.91M | 84.00M | 17439.76M | 8404.28M |
| Earning assets | - | - | - | - | 391291.82M |
| Other current assets | - | 33874.43M | 2073369.10M | 152383.00M | 389932.00M |
| Total liab | 12412.58M | 10441712.23M | 5223.07M | 1577960.00M | 50657.00M |
| Total stockholder equity | 3605.94M | 4049083.08M | 2283.53M | 512410.00M | 238569.00M |
| Other current liab | - | 8292040.08M | 2227285.66M | 11375.00M | 351.00M |
| Common stock | 0.44M | 639.41M | 0.71M | 639.00M | 639.00M |
| Capital stock | - | 639.41M | 639.41M | 639.00M | 639.41M |
| Retained earnings | 200.16M | -521635.02M | 227.40M | 43176.00M | 18202.00M |
| Other liab | - | - | - | 193893.00M | 124487.00M |
| Good will | - | - | 75086.63M | 0.24M | -0.28M |
| Other assets | 117214.30M | 14492424.83M | -6357257.84M | 1709752.29M | 326088.45M |
| Cash | 2472.38M | 2776111.55M | 1344.38M | 250089.00M | 172333.00M |
| Total current liabilities | 61.67M | 8481839.84M | 2227612.84M | 10849.44M | 589205.00M |
| Current deferred revenue | - | - | -2300750.00M | - | - |
| Net debt | -1413.77M | -2310701.01M | -901.35M | -175243.00M | -127368.00M |
| Short term debt | 61.67M | 25325.87M | 144633.11M | - | - |
| Short long term debt total | 1058.61M | 465410.54M | 443.04M | 74846.00M | 44965.00M |
| Other stockholder equity | 8.57M | 1263123.72M | 647.77M | 185720.00M | 95031.00M |
| Property plant equipment | 1043087.19M | 788293.01M | - | 101863.74M | 52872.00M |
| Total current assets | 2472.38M | 4283925.20M | 2075481.23M | 363189.38M | 236176.55M |
| Long term investments | - | 4168923.79M | 2347823.17M | 1039106.00M | 374160.00M |
| Net tangible assets | - | - | - | 494970.00M | 230165.00M |
| Short term investments | 130.27M | 438703.74M | 325.94M | - | -0.42M |
| Net receivables | - | 1035235.48M | 441.80M | 113100.38M | 63843.55M |
| Long term debt | 1498859.90M | 432465.21M | 387091.81M | 77294.74M | 45402.70M |
| Inventory | - | - | -2468491.25M | - | - |
| Accounts payable | - | - | 34426.29M | 1295395.00M | 588851.00M |
| Accumulated other comprehensive income | 3396.77M | 3306954.96M | 1407.65M | 282875.00M | 124697.00M |
| Non currrent assets other | -125190.91M | 94414.84M | 4211090.89M | -1140970.24M | -435436.00M |
| Non current assets total | 13411.86M | 10208499.63M | 4289283.72M | 17513.33M | 435436.00M |
| Capital lease obligations | - | 13988.63M | 9388.79M | 1965.26M | 1420.17M |
| Long term debt total | 1498859.90M | 475937.90M | - | 77294.74M | 45402.70M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -133689.80M | 81322.81M | -24330.24M | -6928.12M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -171945.36M | -133689.80M | - | -24330.24M | -6928.12M |
| Net borrowings | - | -116742.62M | - | - | -7897.78M |
| Total cash from financing activities | 419208.67M | -592027.19M | -56.91M | -24978.83M | -52643.53M |
| Change to operating activities | - | - | - | - | 18064.49M |
| Net income | 199.46M | 129163.10M | 972.16M | 59143.53M | 145944.00M |
| Change in cash | -1972.97M | -151367.85M | -950854.10M | 146201.40M | -533550.38M |
| Begin period cash flow | 1972.97M | 3014889.10M | 2609.57M | 603726.21M | 2413599.95M |
| End period cash flow | - | 2863521.25M | 1547.05M | 749927.62M | 1880049.58M |
| Total cash from operating activities | -280034.75M | 918590.56M | -85229.09M | 517729.50M | 271768.21M |
| Depreciation | - | 138140.50M | 57512.20M | 15248.63M | 43224.59M |
| Other cashflows from investing activities | - | -647.26M | - | -3.82M | -35.65M |
| Dividends paid | 270410.66M | 466940.84M | 0.20M | 19094.76M | - |
| Sale purchase of stock | -180.98M | - | - | - | 0.00M |
| Other cashflows from financing activities | -15362.69M | -8343.74M | -61.25M | 3866.53M | -149468.22M |
| Change to netincome | - | - | - | - | 90336.65M |
| Capital expenditures | 171945.36M | 124516.29M | 63.78M | 24326.41M | 41809.80M |
| Change in working capital | -236416.09M | -4794518.21M | -2164.98M | 148888.70M | -456145.86M |
| Other non cash items | -199.46M | 5445805.17M | -141548.47M | 294448.64M | 694655.47M |
| Free cash flow | - | 794074.28M | -159.01M | 493403.09M | 229958.41M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| BMA Banco Macro SA B ADR |
-0.41 0.70% |
58.03 | 24.38 | 3.10 | 0.00 | 1.35 | 2.00 |
| DBSDY DBS Group Holdings Ltd ADR |
-0.25 0.11% |
220.00 | 20.00 | 17.57 | 7.54 | 3.17 | 13.19 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.69 | 7.70 | 7.10 | 0.55 | 0.83 | 3.51 |
| CIHKY China Merchants Bank Co Ltd |
-0.13 0.37% |
34.55 | 7.79 | 7.20 | 0.55 | 0.85 | 3.51 |
| UNCFF UniCredit SpA |
-0.36 0.39% |
90.94 | 11.53 | 10.27 | 5.72 | 1.83 | 8.22 |
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, 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 to corporate customers; and internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.
Avenida Eduardo Madero 1182, Buenos Aires, Argentina, C1106ACY
54 11 5222 6500
8490
| Name | Title | Year Born |
|---|---|---|
| Mr. Gustavo Alejandro Manriquez | GM & CEO | 1969 |
| Mr. Jorge Francisco Scarinci | CFO, Fin. Mang. & IR Mang. | 1970 |
| Mr. Ernesto Eduardo Medina | Operations & Technology Mang. | 1967 |
| Mr. Marcelo Agustin Devoto | Investment Banking Mang. | 1976 |
| Mr. Gerardo Adrian Alvarez | Admin. & HR Mang. | 1969 |
| Mr. Ernesto Lopez | Legal Mang. | 1972 |
| Mr. Gustavo Emilio Pessagno | Compliance Mang. | 1971 |
| Mr. Francisco Muro | Distribution & Sales Mang. | 1973 |
| Ms. Ana María Magdalena Marcet | Credit Risk Mang. | 1961 |
| Lic. Brian Anthony | Commercial banking manager | 1973 |
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