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Also traded in: Argentina, Germany, USA

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 5.63
BMA's Cash to Debt is ranked higher than
63% of the 1610 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.14 vs. BMA: 5.63 )
Ranked among companies with meaningful Cash to Debt only.
BMA' s Cash to Debt Range Over the Past 10 Years
Min: 1.03  Med: 6.42 Max: No Debt
Current: 5.63
Equity to Asset 0.14
BMA's Equity to Asset is ranked higher than
81% of the 1614 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.10 vs. BMA: 0.14 )
Ranked among companies with meaningful Equity to Asset only.
BMA' s Equity to Asset Range Over the Past 10 Years
Min: 0.11  Med: 0.14 Max: 0.24
Current: 0.14
0.11
0.24
Interest Coverage 0.78
BMA's Interest Coverage is ranked lower than
70% of the 1610 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.66 vs. BMA: 0.78 )
Ranked among companies with meaningful Interest Coverage only.
BMA' s Interest Coverage Range Over the Past 10 Years
Min: 0.63  Med: 0.84 Max: 1.07
Current: 0.78
0.63
1.07
F-Score: 4
M-Score: -2.66
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 47.99
BMA's Operating margin (%) is ranked higher than
82% of the 1627 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 31.10 vs. BMA: 47.99 )
Ranked among companies with meaningful Operating margin (%) only.
BMA' s Operating margin (%) Range Over the Past 10 Years
Min: 30.53  Med: 39.68 Max: 47.99
Current: 47.99
30.53
47.99
Net-margin (%) 32.30
BMA's Net-margin (%) is ranked higher than
75% of the 1625 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 22.46 vs. BMA: 32.30 )
Ranked among companies with meaningful Net-margin (%) only.
BMA' s Net-margin (%) Range Over the Past 10 Years
Min: 21.35  Med: 26.86 Max: 32.3
Current: 32.3
21.35
32.3
ROE (%) 34.49
BMA's ROE (%) is ranked higher than
97% of the 1623 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 8.50 vs. BMA: 34.49 )
Ranked among companies with meaningful ROE (%) only.
BMA' s ROE (%) Range Over the Past 10 Years
Min: 19.73  Med: 27.13 Max: 36.6
Current: 34.49
19.73
36.6
ROA (%) 5.21
BMA's ROA (%) is ranked higher than
97% of the 1632 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.90 vs. BMA: 5.21 )
Ranked among companies with meaningful ROA (%) only.
BMA' s ROA (%) Range Over the Past 10 Years
Min: 2.89  Med: 3.35 Max: 5.57
Current: 5.21
2.89
5.57
Revenue Growth (3Y)(%) 35.40
BMA's Revenue Growth (3Y)(%) is ranked higher than
97% of the 1366 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 4.20 vs. BMA: 35.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
BMA' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -35.6  Med: 33.9 Max: 92.8
Current: 35.4
-35.6
92.8
EBITDA Growth (3Y)(%) 37.80
BMA's EBITDA Growth (3Y)(%) is ranked higher than
92% of the 1264 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 5.20 vs. BMA: 37.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
BMA' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -51.7  Med: 40 Max: 51.9
Current: 37.8
-51.7
51.9
EPS Growth (3Y)(%) 38.90
BMA's EPS Growth (3Y)(%) is ranked higher than
91% of the 1244 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 7.50 vs. BMA: 38.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
BMA' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -37.7  Med: 31 Max: 49.6
Current: 38.9
-37.7
49.6
GuruFocus has detected 2 Warning Signs with Banco Macro SA $BMA.
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» BMA's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

BMA Guru Trades in Q1 2016

Caxton Associates 112,586 sh (New)
Ken Fisher 4,500 sh (unchged)
George Soros Sold Out
» More
Q2 2016

BMA Guru Trades in Q2 2016

Lee Ainslie 18,560 sh (New)
Jim Simons 2,700 sh (New)
Ken Fisher 4,500 sh (unchged)
Caxton Associates 101,587 sh (-9.77%)
» More
Q3 2016

BMA Guru Trades in Q3 2016

Jeremy Grantham 138,000 sh (New)
Jim Simons 21,785 sh (+706.85%)
Caxton Associates 112,987 sh (+11.22%)
Ken Fisher 4,500 sh (unchged)
Lee Ainslie Sold Out
» More
Q4 2016

BMA Guru Trades in Q4 2016

Jim Simons 82,500 sh (+278.70%)
Jeremy Grantham 142,700 sh (+3.41%)
Ken Fisher 4,500 sh (unchged)
Caxton Associates 28,235 sh (-75.01%)
» More
» Details

Insider Trades

Latest Guru Trades with BMA

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Banks - Regional - Latin America    NAICS: 522110 
Compare:NAS:GGAL, NYSE:ITCB, NYSE:BFR, OTCPK:CMPRF, NYSE:SUPV, NYSE:BLX, NYSE:AVAL, NYSE:CIB, OTCPK:GPFOF, NYSE:BSAC, NYSE:BCH, OTCPK:GBOOY, NYSE:BSMX, NYSE:BAP, OTCPK:BDORY, NYSE:BBDO, NYSE:BSBR, NYSE:ITUB » details
Traded in other countries:BMA.5.Argentina, B4W.Germany, BCVMF.USA,
Macro Bank Inc provides standard banking products and services. The Company has two categories of customers: retail customers and corporate customers.

Banco Macro SA is a financial institution incorporated on November 21, 1966. It provides standard banking products and services. The Company provides its customers with standard products and services that is designed to suit individual needs. It has two categories of customers: retail customers, which includes individuals and entrepreneurs; and corporate customers, which include small, medium and large companies and corporations. In addition, it provides services to four provincial governments. The Company provides retail customers traditional 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, automatic teller machines and money transfers. The Company provides its corporate customers with traditional banking products and services such as deposits, lending, check cashing advances and factoring, guaranteed loans and credit lines for financing foreign trade and cash management services. It also provides them trust, payroll and financial agency services, corporate credit cards and other specialty products. Its categories for corporate customers include: small companies; medium companies; and agro companies. Its competitors include: Banco Santander Rio S.A., Banco de Galicia y Buenos Aires S.A., BBVA Banco Frances S.A., HSBC Bank Argentina S.A. and Banco Patagonia S.A.

Ratios

vs
industry
vs
history
P/E(ttm) 11.52
BMA's P/E(ttm) is ranked higher than
66% of the 1585 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.23 vs. BMA: 11.52 )
Ranked among companies with meaningful P/E(ttm) only.
BMA' s P/E(ttm) Range Over the Past 10 Years
Min: 2.81  Med: 8.53 Max: 21.39
Current: 11.52
2.81
21.39
Forward P/E 161.29
BMA's Forward P/E is ranked lower than
99% of the 390 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 16.21 vs. BMA: 161.29 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 11.52
BMA's PE(NRI) is ranked higher than
67% of the 1517 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.53 vs. BMA: 11.52 )
Ranked among companies with meaningful PE(NRI) only.
BMA' s PE(NRI) Range Over the Past 10 Years
Min: 2.78  Med: 8.55 Max: 22.08
Current: 11.52
2.78
22.08
Price/Owner Earnings (ttm) 11.35
BMA's Price/Owner Earnings (ttm) is ranked higher than
64% of the 868 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.84 vs. BMA: 11.35 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
BMA' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 3.16  Med: 7.42 Max: 16
Current: 11.35
3.16
16
P/B 3.42
BMA's P/B is ranked lower than
95% of the 1683 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.19 vs. BMA: 3.42 )
Ranked among companies with meaningful P/B only.
BMA' s P/B Range Over the Past 10 Years
Min: 0.61  Med: 2.01 Max: 2850
Current: 3.42
0.61
2850
P/S 3.72
BMA's P/S is ranked lower than
54% of the 1674 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 3.44 vs. BMA: 3.72 )
Ranked among companies with meaningful P/S only.
BMA' s P/S Range Over the Past 10 Years
Min: 0.66  Med: 2.31 Max: 14.55
Current: 3.72
0.66
14.55
PFCF 5.96
BMA's PFCF is ranked higher than
70% of the 868 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 14.80 vs. BMA: 5.96 )
Ranked among companies with meaningful PFCF only.
BMA' s PFCF Range Over the Past 10 Years
Min: 1.17  Med: 5.79 Max: 34.31
Current: 5.96
1.17
34.31
POCF 5.84
BMA's POCF is ranked higher than
68% of the 933 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 12.53 vs. BMA: 5.84 )
Ranked among companies with meaningful POCF only.
BMA' s POCF Range Over the Past 10 Years
Min: 1.14  Med: 5.57 Max: 28.41
Current: 5.84
1.14
28.41
EV-to-EBIT 4.62
BMA's EV-to-EBIT is ranked higher than
82% of the 1281 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 12.38 vs. BMA: 4.62 )
Ranked among companies with meaningful EV-to-EBIT only.
BMA' s EV-to-EBIT Range Over the Past 10 Years
Min: -12.8  Med: 3.4 Max: 25.9
Current: 4.62
-12.8
25.9
EV-to-EBITDA 4.47
BMA's EV-to-EBITDA is ranked higher than
81% of the 1295 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 11.35 vs. BMA: 4.47 )
Ranked among companies with meaningful EV-to-EBITDA only.
BMA' s EV-to-EBITDA Range Over the Past 10 Years
Min: -15.1  Med: 3.25 Max: 25.9
Current: 4.47
-15.1
25.9
PEG 0.28
BMA's PEG is ranked higher than
94% of the 793 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.44 vs. BMA: 0.28 )
Ranked among companies with meaningful PEG only.
BMA' s PEG Range Over the Past 10 Years
Min: 0.12  Med: 0.18 Max: 0.31
Current: 0.28
0.12
0.31
Shiller P/E 31.97
BMA's Shiller P/E is ranked lower than
75% of the 489 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 21.50 vs. BMA: 31.97 )
Ranked among companies with meaningful Shiller P/E only.
BMA' s Shiller P/E Range Over the Past 10 Years
Min: 10.89  Med: 26.51 Max: 37.51
Current: 31.97
10.89
37.51

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.22
BMA's Dividend Yield is ranked lower than
82% of the 2302 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.67 vs. BMA: 1.22 )
Ranked among companies with meaningful Dividend Yield only.
BMA' s Dividend Yield Range Over the Past 10 Years
Min: 0.33  Med: 2 Max: 5.19
Current: 1.22
0.33
5.19
Dividend Payout 0.13
BMA's Dividend Payout is ranked higher than
95% of the 1292 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.33 vs. BMA: 0.13 )
Ranked among companies with meaningful Dividend Payout only.
BMA' s Dividend Payout Range Over the Past 10 Years
Min: 0.13  Med: 0.18 Max: 0.21
Current: 0.13
0.13
0.21
Forward Dividend Yield 1.81
BMA's Forward Dividend Yield is ranked lower than
72% of the 2243 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 2.84 vs. BMA: 1.81 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.22
BMA's Yield on cost (5-Year) is ranked lower than
85% of the 2646 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 3.34 vs. BMA: 1.22 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
BMA' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.33  Med: 2 Max: 5.19
Current: 1.22
0.33
5.19

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.41
BMA's Price/Tangible Book is ranked lower than
94% of the 1680 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.23 vs. BMA: 3.41 )
Ranked among companies with meaningful Price/Tangible Book only.
BMA' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.07  Med: 1.96 Max: 3.42
Current: 3.41
0.07
3.42
Price/Projected FCF 0.87
BMA's Price/Projected FCF is ranked lower than
51% of the 911 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.84 vs. BMA: 0.87 )
Ranked among companies with meaningful Price/Projected FCF only.
BMA' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.36  Med: 0.75 Max: 1.12
Current: 0.87
0.36
1.12
Price/DCF (Earnings Based) 0.40
BMA's Price/DCF (Earnings Based) is ranked higher than
83% of the 126 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.86 vs. BMA: 0.40 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.61
BMA's Price/Median PS Value is ranked lower than
81% of the 1545 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.16 vs. BMA: 1.61 )
Ranked among companies with meaningful Price/Median PS Value only.
BMA' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.44  Med: 1.08 Max: 2.2
Current: 1.61
0.44
2.2
Price/Peter Lynch Fair Value 0.46
BMA's Price/Peter Lynch Fair Value is ranked higher than
90% of the 438 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 1.15 vs. BMA: 0.46 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
BMA' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.19  Med: 0.33 Max: 0.47
Current: 0.46
0.19
0.47
Price/Graham Number 1.32
BMA's Price/Graham Number is ranked lower than
72% of the 1465 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 0.95 vs. BMA: 1.32 )
Ranked among companies with meaningful Price/Graham Number only.
BMA' s Price/Graham Number Range Over the Past 10 Years
Min: 0.05  Med: 0.93 Max: 1.35
Current: 1.32
0.05
1.35
Earnings Yield (Greenblatt) (%) 21.61
BMA's Earnings Yield (Greenblatt) (%) is ranked higher than
86% of the 1696 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 5.70 vs. BMA: 21.61 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
BMA' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3.9  Med: 23.7 Max: 7604.3
Current: 21.61
3.9
7604.3
Forward Rate of Return (Yacktman) (%) 48.41
BMA's Forward Rate of Return (Yacktman) (%) is ranked higher than
93% of the 893 Companies
in the Global Banks - Regional - Latin America industry.

( Industry Median: 11.05 vs. BMA: 48.41 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
BMA' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 6.1  Med: 50.35 Max: 75.3
Current: 48.41
6.1
75.3

More Statistics

Revenue (TTM) (Mil) $1,367
EPS (TTM) $ 7.56
Beta1.75
Short Percentage of Float0.51%
52-Week Range $56.87 - 87.00
Shares Outstanding (Mil)58.46

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,665 1,918 2,195
EPS ($) 0.51 0.51 0.54
EPS w/o NRI ($) 0.51 0.51 0.54
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 0.26 0.34 0.39

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