Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the bank's economics. Banco Macro is an Argentine retail and corporate bank, so its fortunes are tied to Argentina's economy and regulatory regime. The latest filed quarter, fiscal Q2 2026, showed revenue of $1.0T and net income of $206.2B, a 19.83% net margin. That is a real profit, but the provided figures also show revenue growth of -20.56% and profit growth of 3.53%, so the top line is contracting while profit is merely stable. FairStock's calculations at the 2026-10-13 close give a P/E of 13.44, P/B of 1.01, ROE of 7.07%, ROCE of 1.73%, and a 6.93% dividend yield. A bank earning 7% on equity is not a high-quality compounder; I want ROE comfortably above cost of equity. The Piotroski F-Score of 3/9 and FairStock Score of 37/100 reinforce that this is not a fortress balance sheet or an exceptional business. The low beta of 0.41 and 52-week range of $51.35 to $106.15 suggest the market has already repriced macro risk. Price-to-book of 1.01 means I am paying about book value. That is not demanding, but with weak returns and falling revenue it is not obviously cheap either. The dividend yield is attractive, yet without CET1, net interest margin, combined ratio, non-performing loan and coverage data, I cannot judge credit or capital safety. The Lynch category is none because only zero years of filed results are available. I see a fair-to-slightly-cheap bank that needs better profitability and macro stability before it deserves a premium.

In plain English: Banco Macro is an Argentine bank that serves individuals and businesses. Its latest reported quarter showed a large profit, but the bank's returns are modest and revenue has been shrinking. At the current price, the shares look roughly fairly valued rather than an obvious bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer