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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies65
  • 7D11.3%
  • 3M20.1%
  • 1Y357.0%
  • YTD49.1%

The market is up 11% over the last week, with the Financials sector leading the way, up 12%. As for the past 12 months, the market is up 357%. Looking forward, earnings are forecast to grow by 32% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Argentinian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 May 2024AR$60.7tAR$38.5tAR$828.0b17.1x73.3x1.6x
Fri, 05 Apr 2024AR$51.5tAR$36.9tAR$624.4b31.2x82.5x1.4x
Sun, 03 Mar 2024AR$46.6tAR$16.8tAR$2.3t33.5x20.5x2.8x
Tue, 30 Jan 2024AR$55.9tAR$13.9tAR$1.7t41.2x32.7x4x
Thu, 28 Dec 2023AR$39.1tAR$13.9tAR$1.7t28.4x22.9x2.8x
Sat, 25 Nov 2023AR$38.6tAR$14.9tAR$1.7t23.4x22.3x2.6x
Mon, 23 Oct 2023AR$34.7tAR$12.5tAR$853.3b26.4x40.7x2.8x
Wed, 20 Sep 2023AR$24.9tAR$12.1tAR$784.2b22.9x31.8x2.1x
Fri, 18 Aug 2023AR$24.0tAR$11.1tAR$650.8b25.5x36.8x2.2x
Sun, 16 Jul 2023AR$18.9tAR$10.5tAR$550.6b20.2x34.4x1.8x
Tue, 13 Jun 2023AR$16.5tAR$10.4tAR$526.6b18.5x31.3x1.6x
Thu, 11 May 2023AR$13.5tAR$9.7tAR$410.5b16.2x32.8x1.4x
Sat, 08 Apr 2023AR$11.1tAR$9.3tAR$386.5b14.9x28.7x1.2x
Mon, 06 Mar 2023AR$10.7tAR$6.6tAR$233.2b17.5x45.8x1.6x
Wed, 01 Feb 2023AR$11.3tAR$6.7tAR$424.1b17x26.6x1.7x
Fri, 30 Dec 2022AR$9.0tAR$6.8tAR$435.6b15.5x20.7x1.3x
Sun, 27 Nov 2022AR$7.3tAR$6.8tAR$443.8b12.2x16.5x1.1x
Tue, 25 Oct 2022AR$6.3tAR$6.2tAR$616.6b10.7x10.2x1x
Thu, 22 Sep 2022AR$6.6tAR$6.2tAR$597.3b11.3x11x1.1x
Sat, 20 Aug 2022AR$6.0tAR$5.9tAR$530.0b12.7x11.4x1x
Mon, 18 Jul 2022AR$4.9tAR$5.6tAR$320.0b12.2x15.3x0.9x
Wed, 15 Jun 2022AR$4.2tAR$5.4tAR$309.5b11.3x13.5x0.8x
Fri, 13 May 2022AR$5.3tAR$5.4tAR$267.3b14.1x19.7x1x
Sun, 10 Apr 2022AR$4.6tAR$5.2tAR$229.1b14.6x20.1x0.9x
Tue, 08 Mar 2022AR$4.5tAR$5.7tAR$475.3b16.2x9.4x0.8x
Thu, 03 Feb 2022AR$5.4tAR$4.1tAR$86.1b17.2x62.5x1.3x
Sat, 01 Jan 2022AR$4.1tAR$4.1tAR$87.4b14.2x46.8x1x
Mon, 29 Nov 2021AR$3.9tAR$4.0tAR$85.3b14x46.3x1x
Wed, 27 Oct 2021AR$5.2tAR$3.9tAR$77.4b14.9x67.5x1.3x
Fri, 24 Sep 2021AR$3.6tAR$3.8tAR$77.8b15.1x46.6x1x
Sun, 22 Aug 2021AR$3.3tAR$3.8tAR$116.5b9.4x28.1x0.9x
Fri, 09 Jul 2021AR$3.1tAR$3.8tAR$116.5b9x26.5x0.8x
Price to Earnings Ratio

29.1x


Total Market Cap: AR$2.9tTotal Earnings: AR$100.8bTotal Revenue: AR$3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 31.5x202220232024
Current Market PE
  • Investors are optimistic on the Argentinean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 73.3x which is higher than its 3-year average PE of 31.5x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 102% per year over the last three years.
  • Revenues for these companies have grown 121% 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 Market11.27%
Telecom19.60%
Utilities12.65%
Consumer Staples12.59%
Financials12.04%
Real Estate11.14%
Consumer Discretionary10.52%
Energy10.12%
Healthcare6.93%
Materials5.35%
Industrials3.17%
Tech-0.78%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 5.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 49.7%, which is higher than its past year's earnings growth of 23.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
YPFD YPF Sociedad AnónimaAR$26.46k10.0%
+AR$942.1b		395.5%PS0.7xEnergy
TECO2 Telecom ArgentinaAR$2.04k21.4%
+AR$774.0b		334.7%PS2.1xTelecom
BMA Banco MacroAR$6.99k17.7%
+AR$672.2b		737.1%PB2.2xFinancials
GGAL Grupo Financiero GaliciaAR$3.90k9.8%
+AR$513.7b		645.1%PB2.9xFinancials
PAMP Pampa EnergíaAR$2.18k12.2%
+AR$322.4b		248.7%PE86.1xUtilities
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GGAL

AR$3,901.90

Grupo Financiero Galicia

7D

9.8%

1Y

645.1%

TECO2

AR$2,042.30

Telecom Argentina

7D

21.4%

1Y

334.7%

TXAR

AR$899.00

Ternium Argentina

7D

6.7%

1Y

153.6%

BBAR

AR$4,008.05

Banco BBVA Argentina

7D

14.2%

1Y

516.3%

BMA

AR$6,988.10

Banco Macro

7D

17.7%

1Y

737.1%

CARC

AR$31.70

Carboclor

7D

-3.6%

1Y

678.9%

YPFD

AR$26,463.65

YPF Sociedad Anónima

7D

10.0%

1Y

395.5%

BHIP

AR$386.50

Banco Hipotecario

7D

-5.3%

1Y

1,487.3%

PAMP

AR$2,184.20

Pampa Energía

7D

12.2%

1Y

248.7%

RIGO

AR$918.50

Rigolleau

7D

-1.2%

1Y

121.3%

GAMI

AR$223.50

B-Gaming

7D

-0.8%

1Y

233.1%

BOLT

AR$49.35

Boldt

7D

-2.3%

1Y

631.1%

TGSU2

AR$4,271.35

Transportadora de Gas del Sur

7D

10.6%

1Y

284.2%