Argentinian (MERVAL) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies65
- 7D0.5%
- 3M28.2%
- 1Y270.6%
- YTD57.5%
The Financials sector gained 3.8% while the market remained flat over the last week. More promisingly, the market is up 271% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Argentinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | AR$66.4t | AR$36.6t | AR$2.4t | 17.5x | 27.9x | 1.8x |
| Fri, 17 May 2024 | AR$61.7t | AR$40.1t | AR$1.3t | 16.8x | 48.2x | 1.5x |
| Sun, 14 Apr 2024 | AR$50.4t | AR$37.1t | AR$567.7b | 17.1x | 88.8x | 1.4x |
| Tue, 12 Mar 2024 | AR$40.8t | AR$31.7t | AR$1.3t | 22.6x | 31.3x | 1.3x |
| Thu, 08 Feb 2024 | AR$54.6t | AR$14.1t | AR$1.8t | 41.3x | 30.8x | 3.9x |
| Sat, 06 Jan 2024 | AR$44.7t | AR$13.9t | AR$1.7t | 35x | 26.1x | 3.2x |
| Mon, 04 Dec 2023 | AR$38.8t | AR$15.0t | AR$1.7t | 24x | 22.3x | 2.6x |
| Wed, 01 Nov 2023 | AR$25.4t | AR$12.5t | AR$854.9b | 20.5x | 29.7x | 2x |
| Fri, 29 Sep 2023 | AR$25.5t | AR$12.3t | AR$841.4b | 22.6x | 30.3x | 2.1x |
| Sun, 27 Aug 2023 | AR$26.9t | AR$11.8t | AR$725.1b | 24.8x | 37.1x | 2.3x |
| Tue, 25 Jul 2023 | AR$20.0t | AR$10.5t | AR$550.6b | 22x | 36.3x | 1.9x |
| Thu, 22 Jun 2023 | AR$18.4t | AR$10.4t | AR$524.4b | 21.9x | 35.1x | 1.8x |
| Sat, 20 May 2023 | AR$14.7t | AR$10.3t | AR$521.7b | 18.2x | 28.2x | 1.4x |
| Mon, 17 Apr 2023 | AR$12.1t | AR$9.8t | AR$429.3b | 14.9x | 28.1x | 1.2x |
| Wed, 15 Mar 2023 | AR$9.6t | AR$8.0t | AR$305.7b | 15.8x | 31.5x | 1.2x |
| Fri, 10 Feb 2023 | AR$11.0t | AR$6.7t | AR$424.1b | 16.7x | 25.9x | 1.6x |
| Sun, 08 Jan 2023 | AR$9.6t | AR$6.8t | AR$430.1b | 15.4x | 22.4x | 1.4x |
| Tue, 06 Dec 2022 | AR$7.7t | AR$6.9t | AR$440.7b | 12.5x | 17.4x | 1.1x |
| Thu, 03 Nov 2022 | AR$6.8t | AR$6.2t | AR$658.8b | 10.9x | 10.3x | 1.1x |
| Sat, 01 Oct 2022 | AR$6.3t | AR$6.2t | AR$616.7b | 10.6x | 10.3x | 1x |
| Mon, 29 Aug 2022 | AR$6.5t | AR$6.1t | AR$558.2b | 12.8x | 11.6x | 1.1x |
| Wed, 27 Jul 2022 | AR$5.6t | AR$5.6t | AR$320.4b | 13.3x | 17.4x | 1x |
| Fri, 24 Jun 2022 | AR$4.0t | AR$5.5t | AR$315.1b | 10.3x | 12.7x | 0.7x |
| Sun, 22 May 2022 | AR$4.4t | AR$5.5t | AR$317.1b | 11.7x | 13.7x | 0.8x |
| Tue, 19 Apr 2022 | AR$5.6t | AR$5.3t | AR$256.9b | 13.7x | 21.6x | 1x |
| Thu, 17 Mar 2022 | AR$5.4t | AR$5.1t | AR$760.7b | 15.6x | 7.1x | 1.1x |
| Sat, 12 Feb 2022 | AR$4.4t | AR$4.1t | AR$86.2b | 16.7x | 50.5x | 1.1x |
| Mon, 10 Jan 2022 | AR$4.1t | AR$4.1t | AR$88.3b | 12.9x | 46.6x | 1x |
| Wed, 08 Dec 2021 | AR$5.2t | AR$4.2t | AR$100.5b | 16.4x | 51.6x | 1.2x |
| Fri, 05 Nov 2021 | AR$5.3t | AR$3.7t | AR$43.4b | 14.6x | 122.5x | 1.4x |
| Sun, 03 Oct 2021 | AR$3.7t | AR$3.9t | AR$79.8b | 12.1x | 46.9x | 1x |
| Tue, 31 Aug 2021 | AR$3.7t | AR$3.8t | AR$116.5b | 10.9x | 31.6x | 1x |
| Wed, 07 Jul 2021 | AR$3.1t | AR$3.8t | AR$116.5b | 9x | 26.5x | 0.8x |
Price to Earnings Ratio
26.5x
Current Market PE
- Investors are pessimistic on the Argentinean market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 27.9x which is lower than its 3-year average PE of 31.8x.
Past Earnings Growth
- The earnings for Argentinean listed companies have grown 174% per year over the last three years.
- Revenues for these companies have grown 112% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Argentinian Market?
| AR Market | 0.55% | |
| Financials | 3.83% | |
| Consumer Discretionary | 3.58% | |
| Real Estate | 2.03% | |
| Energy | 0.56% | |
| Industrials | 0.48% | |
| Consumer Staples | 0.20% | |
| Telecom | -0.033% | |
| Utilities | -0.19% | |
| Tech | -0.65% | |
| Healthcare | -2.46% | |
| Materials | -6.74% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth even though it's trading below its 3-year average PE ratio of 27.0x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 40% over the next 5 years.
- However this is lower than its past earnings growth rate of 220% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 78% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| BMA Banco Macro | AR$8.06k | 7.0% +AR$335.8b | 545.4% | PB1.5x | Financials | |
| GGAL Grupo Financiero Galicia | AR$4.31k | 2.5% +AR$158.0b | 402.7% | PB1.9x | Financials | |
| BBAR Banco BBVA Argentina | AR$4.37k | 3.1% +AR$81.0b | 338.3% | PB1.3x | Financials | |
| TGNO4 Transportadora de Gas del Norte | AR$2.96k | 5.4% +AR$66.3b | 342.6% | PS14.8x | Energy | |
| BHIP Banco Hipotecario | AR$461.50 | 10.1% +AR$65.2b | 1,231.9% | PB2.1x | Financials |
