Banco Macro SA B (BMA) - Net Assets

Latest as of September 2025: AR$4.76 Trillion ARS ≈ $3.44 Billion USD

Based on the latest financial reports, Banco Macro SA B (BMA) has net assets worth AR$4.76 Trillion ARS (≈ $3.44 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$20.56 Trillion ≈ $14.88 Billion USD) and total liabilities (AR$15.80 Trillion ≈ $11.44 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Banco Macro SA B's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AR$4.76 Trillion
% of Total Assets	23.15%
Annual Growth Rate	84.91%
5-Year Change	269.3%
10-Year Change	N/A
Growth Volatility	338.88

Banco Macro SA B - Net Assets Trend (2015–2024)

This chart illustrates how Banco Macro SA B's net assets have evolved over time, based on quarterly financial data. Also explore Banco Macro SA B assets under control for the complete picture of this company's asset base.

Annual Net Assets for Banco Macro SA B (2015–2024)

The table below shows the annual net assets of Banco Macro SA B from 2015 to 2024. For live valuation and market cap data, see Banco Macro SA B market capitalisation.

Year	Net Assets	Change
2024-12-31	AR$4.05 Trillion ≈ $2.93 Billion	+98.17%
2023-12-31	AR$2.04 Trillion ≈ $1.48 Billion	-67.18%
2022-12-31	AR$6.23 Trillion ≈ $4.51 Billion	+237.77%
2021-12-31	AR$1.84 Trillion ≈ $1.33 Billion	+68.12%
2020-12-31	AR$1.10 Trillion ≈ $793.69 Million	+1121.35%
2019-12-31	AR$89.81 Billion ≈ $64.99 Million	+47.44%
2018-12-31	AR$60.91 Billion ≈ $44.08 Million	+41.22%
2017-12-31	AR$43.13 Billion ≈ $31.21 Million	+95.11%
2016-12-31	AR$22.11 Billion ≈ $16.00 Million	+38.11%
2015-12-31	AR$16.01 Billion ≈ $11.58 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Banco Macro SA B's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 3603.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	AR$4.57 Trillion	112.88%
Total Equity	AR$4.05 Trillion	100.00%

Banco Macro SA B Competitors by Market Cap

The table below lists competitors of Banco Macro SA B ranked by their market capitalization.

Company	Market Cap
State Grid Yingda Co Ltd SHG:600517	$4.95 Billion
Ameris Bancorp NASDAQ:ABCB	$4.95 Billion
Crispr Therapeutics AG NASDAQ:CRSP	$4.96 Billion
United Plantations Bhd KLSE:2089	$4.96 Billion
Turkcell Iletisim Hizmetleri AS NYSE:TKC	$4.95 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd SHE:000629	$4.95 Billion
Main Street Capital Corporation NYSE:MAIN	$4.95 Billion
Hannon Armstrong Sustainable Infrastructure Capital Inc NYSE:HASI	$4.95 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Banco Macro SA B's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,043,559,163,000 to 4,049,083,078,000, a change of 2,005,523,915,000 (98.1%).
Net income of 325,502,107,000 contributed positively to equity growth.
Dividend payments of 466,940,836,000 reduced retained earnings.
Other comprehensive income decreased equity by 875,912,939,000.
Other factors increased equity by 3,022,875,583,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	AR$325.50 Billion	+8.04%
Dividends Paid	AR$466.94 Billion	-11.53%
Other Comprehensive Income	AR$-875.91 Billion	-21.63%
Other Changes	AR$3.02 Trillion	+74.66%
Total Change	AR$-	98.14%

Book Value vs Market Value Analysis

This analysis compares Banco Macro SA B's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.69x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 400.94x to 1.69x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	AR$27.16	AR$10890.00	x
2016-12-31	AR$37.82	AR$10890.00	x
2017-12-31	AR$64.41	AR$10890.00	x
2018-12-31	AR$95.06	AR$10890.00	x
2019-12-31	AR$140.45	AR$10890.00	x
2020-12-31	AR$357.97	AR$10890.00	x
2021-12-31	AR$729.93	AR$10890.00	x
2022-12-31	AR$2494.25	AR$10890.00	x
2023-12-31	AR$3195.99	AR$10890.00	x
2024-12-31	AR$6445.76	AR$10890.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Banco Macro SA B utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.04%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.20%
• Asset Turnover: 0.31x
• Equity Multiplier: 3.58x
Recent ROE (8.04%) is below the historical average (23.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	31.55%	33.02%	0.14x	6.61x	AR$3.42 Billion
2016	29.59%	30.46%	0.14x	7.01x	AR$4.33 Billion
2017	21.77%	30.13%	0.14x	5.20x	AR$5.08 Billion
2018	-1.15%	-1.14%	0.18x	5.77x	AR$-6.79 Billion
2019	45.43%	29.28%	0.33x	4.77x	AR$31.82 Billion
2020	33.62%	18.80%	0.35x	5.11x	AR$54.03 Billion
2021	29.73%	12.29%	0.58x	4.17x	AR$92.07 Billion
2022	7.96%	8.42%	0.23x	4.08x	AR$-32.54 Billion
2023	28.74%	18642.94%	0.00x	3.29x	AR$382.97 Billion
2024	8.04%	7.20%	0.31x	3.58x	AR$-79.41 Billion

Industry Comparison

This section compares Banco Macro SA B's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $241,913,669,375
Average return on equity (ROE) among peers: 15.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Banco Macro SA B (BMA)	AR$4.76 Trillion	31.55%	3.32x	$4.95 Billion
BBVA Banco Frances SA (BBAR)	$26.67 Billion	14.54%	7.46x	$3.18 Billion
Banco Bradesco DRC (BBD)	$117.69 Billion	14.52%	9.40x	$44.47 Billion
Banco Hipotecario SA (BHIP)	$11.68 Billion	15.25%	6.69x	$184.93 Million
Banco Patagonia (BPAT)	$1.66 Trillion	6.58%	4.29x	$992.69 Million
Banco Santander Río S.A (BRIO)	$2.00 Billion	18.92%	11.28x	$87.20 Million
Banco Santander Brasil SA (BSBR)	$97.21 Billion	16.88%	6.84x	$463.35 Million
Grupo Financiero Galicia S.A. (GGAL)	$7.55 Billion	24.16%	10.02x	$5.96 Billion
Grupo Supervielle S.A. B (SUPV)	$15.14 Billion	16.09%	5.20x	$669.31 Million

About Banco Macro SA B

BA:BMA Argentina Banks - Regional

Market Cap

$4.95 Billion

AR$6.84 Trillion ARS

Market Cap Rank

#3613 Global

#9 in Argentina

Share Price

AR$10890.00

Change (1 day)

-0.55%

52-Week Range

AR$6050.00 - AR$15700.00

All Time High

AR$15700.00