Banco Z Score
BMA  Stock  USD 13.35 0.36 2.63% 
Banco  Z Score 
Banco Z Score Analysis
Banco Macro's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2019  2020  2021  2022 (projected)  
Operating Income  125.18 B  105.56 B  90.36 B  71.56 B 
Operating Expenses  121.47 B  99.65 B  100.9 B  108.87 B 
Z Score  =  Sum Of   5 Factors 
Current Banco Macro Z Score  1.0 
Most of Banco Macro's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Banco Macro SA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Banco Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Banco Macro is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Banco Macro's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Banco Macro's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Banco Macro's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
In accordance with the company's disclosures, Banco Macro SA has a Z Score of 1.0. This is 58.51% lower than that of the Financial Services sector and significantly higher than that of the Banksâ€”Regional industry. The z score for all United States stocks is 88.53% higher than that of the company.
Banco Macro Current Valuation Drivers
We derive many important indicators used in calculating different scores of Banco Macro from analyzing Banco Macro's financial statements. These drivers represent accounts that assess Banco Macro's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Banco Macro's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Average Assets  316.55 B  439.19 B  573.23 B  887.62 B  1,084.19 B  1,169.79 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  24.23 B  21.42 B  75.34 B  65.82 B  31.19 B  29.5 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  1.31 B  568.19 M  1.26 B  774.31 M  303.65 M  311.64 M  
Earnings before Tax  22.07 B  18.34 B  69.17 B  59.17 B  24.06 B  24.44 B  
Average Equity  59.17 B  82.57 B  119.04 B  186.57 B  234.17 B  252.66 B  
Enterprise Value  6.98 B  3.25 B  1.65 B  308.76 M  450.44 M  462.29 M  
Free Cash Flow  (30.61 B)  154.16 B  28.48 B  180.75 B  44.65 B  44.81 B  
Invested Capital  319.39 B  483.53 B  535.07 B  1,098.71 B  931.46 B  1,005 B  
Invested Capital Average  286.81 B  401.46 B  509.3 B  816.89 B  1,015.08 B  1,095.22 B  
Market Capitalization  6.77 B  2.96 B  2.43 B  995.57 M  896.46 M  920.05 M  
Tangible Asset Value  336.44 B  537.04 B  601.33 B  1,161.38 B  990.9 B  1,069.12 B 
Banco Fundamentals
Return On Equity  13.15 %  
Return On Asset  3.12 %  
Profit Margin  14.83 %  
Operating Margin  14.56 %  
Current Valuation  (261.27 B)  
Shares Outstanding  63.9 M  
Shares Owned by Institutions  6.28 %  
Number of Shares Shorted  449.66 K  
Price to Earning  5.38 X  
Revenue  200.66 B  
Gross Profit  190.89 B  
EBITDA  4.4 B  
Net Income  29.75 B  
Cash and Equivalents  326.6 B  
Total Debt  64.46 B  
Debt to Equity  5.66 %  
Cash Flow from Operations  116.75 B  
Short Ratio  1.70 X  
Earnings Per Share  2.48 X  
Price to Earnings To Growth  0.13 X  
Number of Employees  7.98 K  
Beta  2.17  
Market Capitalization  853.07 M  
Total Asset  167.28 B  
Retained Earnings  29.7 B  
Z Score  1.0  
Last Dividend Paid  0.97 
About Banco Macro Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Banco Macro SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Banco Macro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Banco Macro SA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. The company was incorporated in 1966 and is headquartered in Buenos Aires, Argentina. Banco Macro operates under Banks  Regional classification in the United States and is traded on New York Stock Exchange. It employs 7982 people.
Banco Macro Investors Sentiment
The influence of Banco Macro's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Banco. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Banco Macro Implied Volatility  49.65 
Banco Macro's implied volatility exposes the market's sentiment of Banco Macro SA stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Banco Macro's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Banco Macro stock will not fluctuate a lot when Banco Macro's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Banco Macro in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Banco Macro's short interest history, or implied volatility extrapolated from Banco Macro options trading.
Pair Trading with Banco Macro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Banco Macro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Banco Macro will appreciate offsetting losses from the drop in the long position's value.Moving together with Banco Macro
0.91  AEG  Aegon NV ADR  Downward Rally  PairCorr  
0.83  ALLY  Ally Financial  Trending  PairCorr 
The ability to find closely correlated positions to Banco Macro could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Banco Macro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Banco Macro  that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Banco Macro SA to buy it.
The correlation of Banco Macro is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between 1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Macro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Macro SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Banco Macro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Continue to Banco Macro Piotroski F Score and Banco Macro Valuation analysis. Note that the Banco Macro SA information on this page should be used as a complementary analysis to other Banco Macro's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Banco Stock analysis
When running Banco Macro SA price analysis, check to measure Banco Macro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Banco Macro is operating at the current time. Most of Banco Macro's value examination focuses on studying past and present price action to predict the probability of Banco Macro's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Banco Macro's price. Additionally, you may evaluate how the addition of Banco Macro to your portfolios can decrease your overall portfolio volatility.
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Is Banco Macro's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banco Macro. If investors know Banco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banco Macro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY 0.77  Market Capitalization 853.6 M  Quarterly Revenue Growth YOY 0.11  Return On Assets 0.0312  Return On Equity 0.13 
The market value of Banco Macro SA is measured differently than its book value, which is the value of Banco that is recorded on the company's balance sheet. Investors also form their own opinion of Banco Macro's value that differs from its market value or its book value, called intrinsic value, which is Banco Macro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banco Macro's market value can be influenced by many factors that don't directly affect Banco Macro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Banco Macro's value and its price as these two are different measures arrived at by different means. Investors typically determine Banco Macro value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Macro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.