Added to YB: 2025-07-29
Pitch date: 2025-07-25
BMA [bullish]
Banco Macro S.A.
+46.85%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina.
Market Cap
ARS 7.9T
Pitch Price
ARS 9.0K
Price Target
100.00 (-99%)
Dividend
3.96%
EV/EBITDA
N/A
P/E
20.95
EV/Sales
N/A
Sector
Banks
Category
growth
$BMA: Hidden Value in Argentina’s Banking Sector
BMA: Quality Argentine bank at 1.2-1.4x TBV with robust 25%+ CET1 ratio. Growth drivers: 74% branch share in interior provinces, explosive brand value (+114% YoY to $622M), ranked #4 in Brand Finance. Each 100bp NIM increase adds $0.25 EPS/ADR. Target: $95-100/ADR, 40-60% 12mo upside as rate normalization occurs.
Read full article (4 min)