Banco Macro S.A. chart

Last update: 2022-12-30
Investment Backtesting

Systematic investment

-32.57 %

Momentum strategy

-33.45 %

Buy the dip strategy

0.0 %
Key statistics and financials
Revenue per share 7,796.93
Dividend & Yield1.20$ (5.82%)
Beta 1.89
Market capitalization 2.48B
Operating cash flow N/A
ESG Scores unknown

Company description

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail 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, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities
Total Cashflows From Investing Activities -5.64B -5.55B -6.93B
Net Borrowings -9.5B -9.54B -7.9B
Total Cash From Financing Activities -162.29B 187.19B -157.46B
Change To Operating Activities 60.49B -18.86B 18.06B
Issuance Of Stock
Net Income 26.48B 36.78B 27.12B 43.04B
Change In Cash -72.92B 95.01B -87.96B
Effect Of Exchange Rate 52.18B 44.04B 27.09B
Total Cash From Operating Activities 160.04B -16.84B 193.58B
Depreciation 4.09B 6.65B 7.13B
Change To Account Receivables
Other Cashflows From Financing Activities -140.8B 196.73B -149.56B
Change To Netincome 69.8B 83.21B 90.34B
Capital Expenditures -5.64B -5.55B -6.89B

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 43.48B 55.26B 28.79B 62.5B
Net Income 26.48B 36.78B 27.12B 43.04B
Selling General Administrative 45.99B 62.51B 60.45B 119.39B
Gross Profit 101.25B 194.71B 190.89B 491.99B
Ebit
Operating Income 41.75B 53.07B 28.54B 63.05B
Interest Expense
Income Tax Expense 17.01B 18.48B 1.66B 19.45B
Total Revenue 103.59B 198.13B 194.21B 498.22B
Cost Of Revenue 2.34B 3.43B 3.32B 6.24B
Total Other Income ExpenseNet 1.74B 2.19B 241.98M -549M
Net Income From Continuing Ops 26.48B 36.78B 27.12B 43.05B
Net Income Applicable To Common Shares 26.48B 36.78B 27.12B 43.04B

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 461.22B 938.59B 759.09B 1.58T
Total Stockholder Equity 142.75B 223.51B 238.57B 512.41B
Other Current Liabilities 41.03B 108.57B 98.24B 11.38B
Total Assets 603.97B 1.16T 997.7B 2.09T
Common Stock 639.41M 639.41M 639.41M 639M
Other Current Assets 77.53B 79.78B 110.32B 152.38B
Retained Earnings 79.19B 126.15B 140.03B 43.18B
Treasury Stock 50.49B 84.3B 85.47B 456.17B
Cash 125.57B 322.43B 203.29B 106.56B
Total Current Liabilities 414.93B 867.02B 704B 1.31T
Other Stockholder Equity 50.49B 84.3B 85.47B 456.17B
Property, Plant, and Equipment 7.12B 9.65B 9.76B 101.86B
Total Current Assets 222.43B 575.23B 413.42B 531.97B
Net Tangible Assets 137.93B 215.81B 230.16B 494.97B
Net Receivables 7.65B 27.3B 32.99B
Accounts Payable 359.17B 739.87B 590.75B 1.3T

Insider Transactions

Here are the insider transactions of stock shares related to Banco Macro S.A.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page

Investment strategy backtesting

These are the result of three automatic investment systems applied to Banco Macro S.A.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.

Systematic investment results on Banco Macro S.A.

Here is the result of two systematic investment strategies applied to Banco Macro S.A.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Banco Macro S.A.

The following chart shows the equity curve of the two systematic investment strategies applied to Banco Macro S.A.:

Banco Macro S.A. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -32.57% on the backtest period.

Performance at glance

Performance

-32.57 %

Latent gain

-714.55 $

Invested capital

2193.91 $

Annualized return

-7.87 %
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Momentum strategy results on Banco Macro S.A.

This is the result of two momentum investment strategies applied to Banco Macro S.A.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Banco Macro S.A.

The following chart shows all the entries opened by the momentum investment system on Banco Macro S.A.:

Banco Macro S.A. momentum entries
  • The first momentum investment strategy would give -33.45% of return on Banco Macro S.A.. That represents -1487.0$ of latent gain with 4445.72$ of employed capital.
  • The second momentum investment strategy would give -30.1% of return on Banco Macro S.A.. That represents -1142.55$ of latent gain with 3795.75$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-33.45 %

Latent gain

-1487.0 $

Invested capital

4445.72 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

-30.1 %

Latent gain

-1142.55 $

Invested capital

3795.75 $

Annualized return

-8.22 %

Momentum equity curve on Banco Macro S.A.

The following chart shows the equity curve of the two momentum strategies applied to Banco Macro S.A.:

Banco Macro S.A. momentum equity

Note: the dividends potentially given by Banco Macro S.A. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on Banco Macro S.A.

The following chart shows the employed capital evolution of the two momentum strategies on Banco Macro S.A. since the beginning:

Banco Macro S.A.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Buy the dip strategy result on Banco Macro S.A.

Buy the dip entry openings on Banco Macro S.A.

Banco Macro S.A.

The performance achieved by the robo-advisor on Banco Macro S.A. is 0.0%. That represents 0.0$ of latent gain with 257.28$ of employed capital. The following chart shows Banco Macro S.A. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Banco Macro S.A., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0.0 %

Latent gain

0.0 $

Invested capital

257.28 $

Annualized return

0.0 %

Equity curve of the strategy applied to Banco Macro S.A.

The following chart shows the result of the investment strategy applied to Banco Macro S.A.:

Banco Macro S.A.

Note: the dividends potentially given by Banco Macro S.A. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.

Employed capital on Banco Macro S.A.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Banco Macro S.A.:

Banco Macro S.A.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.

Investment strategies comparison on Banco Macro S.A.

In this section, I will compare the three previous investment strategies applied to Banco Macro S.A..

Equity curve comparison on Banco Macro S.A.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Banco Macro S.A. investment strategy comparison

Employed capital comparison on Banco Macro S.A.

Banco Macro S.A. investment comparison

Performance comparison on Banco Macro S.A.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -32.57% -714.55$ 2193.91$ -7.87%
Momentum 1 quarter -33.45% -1487.0$ 4445.72$ -8.58%
Momentum 2 quarters -30.1% -1142.55$ 3795.75$ -8.22%
Non-directional 0.0% 0.0$ 257.28$ 0.0%
Annualized return comparison

Automatic investment

-7.87 %

Momentum 1Q

-8.22 %

Momentum 2Q

-8.22 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Banco Macro S.A.:

Positive correlations

Most correlated stocks this year

  • Banco Macro S.A.
    •

    Most correlated stocks last 3 months

  • Telecom Argentina S.A.
  • TI FLUID SYSTEMS PLC ORD 1P
  • Banco Macro S.A.
  • EDVANCE INTL
  • Realnetworks Inc
  • Grupo Supervielle S.A.
  • WISDOMTREE EMERGING CURRENCY STRATEGY FUND N/A

    • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • iShares GNMA Bond ETF

    • Note: The algorithm computes the probability of correlation between Banco Macro S.A. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Banco Macro S.A. does not vary for 36 weeks, the correlation calculation result will be wrong.

    Company information
    Company name Banco Macro S.A.
    Country Argentina
    City Buenos Aires
    Address Avenida Eduardo Madero 1182
    Phone 54 11 5222 6500
    Website www.macro.com.ar
    FullTime employees 7781
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNYS
    Ticker BMA
    Market www.nyse.com

    Banco Macro S.A. ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown

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