BMA

Banco Macro SA

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Advanced Chart

90.880

+0.42(0.464%)1D

Line

Candle

YTD

High

95.150

Open

94.340

VWAP

91.15

Vol

802.46K

Mkt Cap

58.11B

Low

87.560

Amount

73.14M

EV/EBITDA(TTM)

4.08

Total Shares

63.94M

7.80T

EV/OCF(TTM)

15.96

P/S(TTM)

2.06

Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank. Through other companies in the group, the Company also renders services as trustee agent and director and manager of mutual funds, as well as stock exchange services. The Company began the process of acquiring entities, assets and liabilities as part of the privatization of provincial banks and other banking institutions. The Company and Worldline Argentina SA entered into a joint venture agreement with Siemens Itron Business Servicies SA, to be jointly controlled by both companies, for the purpose of facilitating the development of a tax management data processing center, modernizing the existing tax collection systems and processes used by the Province of Salta, and managing and recovering municipal taxes and fees.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

794.31B

+15.63%

935.870

-36.39%

0.00

-100%

1585.665

-2.96%

0.00

-100%

1508.490

+99.5%

Estimates Revision

The market is revising Upward the revenue expectations for Banco Macro S.A. (BMA) for FY2025, with the revenue forecasts being adjusted by 6.31% over the past three months. During the same period, the stock price has changed by 30.95%.

Revenue Estimates for FY2025

Revise Upward

+6.31%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-18.06%

In Past 3 Month

Stock Price

Go Up

+30.95%

In Past 3 Month

4 Analyst Rating

1.97% Upside

Wall Street analysts forecast BMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMA is 92.67 USD with a low forecast of 78.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

0 Hold

0 Sell

Strong Buy

1.97% Upside

Current: 90.880

Low

78.00

Averages

92.67

High

120.00

1.97% Upside

Current: 90.880

Low

78.00

Averages

92.67

High

120.00

JPMorgan

NULL -> Overweight

upgrade

$79 -> $120

2025-10-28

Reason

JPMorgan

Price Target

$79 -> $120

2025-10-28

upgrade

NULL -> Overweight

Reason

JPMorgan raised the firm's price target on Banco Macro to $120 from $79 and keeps an Overweight rating on the shares. The firm upped price targets in the Argentina bank space following this weekend's elections.

Itau BBA

Market Perform -> Outperform

upgrade

$78

2025-10-27

Reason

Itau BBA

Price Target

$78

2025-10-27

upgrade

Market Perform -> Outperform

Reason

Itau BBA upgraded Banco Macro to Outperform from Market Perform with a $78 price target. The firm says the Argentina banks are "back on track" following this weekend's election.

JPMorgan

Neutral -> Overweight

upgrade

$89 -> $79

2025-10-22

Reason

JPMorgan

Price Target

$89 -> $79

2025-10-22

upgrade

Neutral -> Overweight

Reason

JPMorgan upgraded Banco Macro to Overweight from Neutral with a price target of $79, down from $89. The firm has moved to a "more defensive stance" on the Argentine banks ahead of this weekend's elections. JPMorgan likes Banco Macr's higher capital position, with a 30% CET1 ratio versus Galicia at 23% and Supervielle at 14%, and its reduced exposure to consumer loans.

HSBC

Hold

Buy

upgrade

$104 -> $80

2025-10-01

Reason

HSBC

Price Target

$104 -> $80

2025-10-01

upgrade

Hold

Buy

Reason

HSBC upgraded Banco Macro to Buy from Hold with a price target of $80, down from $104. The current volatility offers a good entry point for Argentine banks, at a lower exchange rate, the analyst tells investors in a research note. The firm believes the long-term investment case remains positive.

Citi

Brian Flores

Buy -> Neutral

downgrade

2025-09-10

Reason

Citi

Brian Flores

Price Target

2025-09-10

downgrade

Buy -> Neutral

Reason

Citi analyst Brian Flores downgraded Banco Macro to Neutral from Buy with a price target of ARS 7,700, down from ARS 14,000.

Itau BBA

initiated

$85

2025-05-20

Reason

Itau BBA

Price Target

$85

2025-05-20

initiated

Reason

Itau BBA initiated coverage of Banco Macro with a Market Perform rating and $85 price target.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Banco Macro SA (BMA.N) is 18.92, compared to its 5-year average forward P/E of 6.57. For a more detailed relative valuation and DCF analysis to assess Banco Macro SA 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Strongly Overvalued

5Y Average PE

6.57

Current PE

18.92

Overvalued PE

9.07

Undervalued PE

4.07

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

421.66

Current PS

130823.25

Overvalued PS

7570.15

Undervalued PS

-6726.83