Banco Macro S.A (B4W) - Net Assets
Based on the latest financial reports, Banco Macro S.A (B4W) has net assets worth €4.76 Trillion EUR (≈ $5.56 Trillion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€20.56 Trillion ≈ $24.04 Trillion USD) and total liabilities (€15.80 Trillion ≈ $18.48 Trillion 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 Banco Macro S.A liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.76 Trillion |
| % of Total Assets | 23.15% |
| Annual Growth Rate | 91.33% |
| 5-Year Change | 2635.47% |
| 10-Year Change | N/A |
| Growth Volatility | 83.6 |
Banco Macro S.A - Net Assets Trend (2017–2024)
This chart illustrates how Banco Macro S.A's net assets have evolved over time, based on quarterly financial data. Also explore Banco Macro S.A total assets for the complete picture of this company's asset base.
Annual Net Assets for Banco Macro S.A (2017–2024)
The table below shows the annual net assets of Banco Macro S.A from 2017 to 2024. For live valuation and market cap data, see Banco Macro S.A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €4.05 Trillion ≈ $4.74 Trillion |
+98.17% |
| 2023-12-31 | €2.04 Trillion ≈ $2.39 Trillion |
+298.84% |
| 2022-12-31 | €512.49 Billion ≈ $599.16 Billion |
+114.79% |
| 2021-12-31 | €238.61 Billion ≈ $278.96 Billion |
+61.13% |
| 2020-12-31 | €148.08 Billion ≈ $173.12 Billion |
+39.62% |
| 2019-12-31 | €106.06 Billion ≈ $123.99 Billion |
+74.12% |
| 2018-12-31 | €60.91 Billion ≈ $71.21 Billion |
+41.22% |
| 2017-12-31 | €43.13 Billion ≈ $50.42 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Banco Macro S.A'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 1369.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €4.57 Trillion | 112.88% |
| Total Equity | €4.05 Trillion | 100.00% |
Banco Macro S.A Competitors by Market Cap
The table below lists competitors of Banco Macro S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Offshore Oil Engineering Co Ltd
SHG:600583
|
$4.38 Billion |
|
Tsingtao Brewery Company Limited
F:TSI
|
$4.38 Billion |
|
AURA MINERALS INC. O.N.
F:A531
|
$4.39 Billion |
|
Northland Power Inc.
TO:NPI
|
$4.39 Billion |
|
WHITE MTNS INS. GRP DL 1
F:WNI
|
$4.38 Billion |
|
Jiangsu Pacific Quartz Co Ltd
SHG:603688
|
$4.37 Billion |
|
Schibsted ASA B
OL:SCHB
|
$4.37 Billion |
|
BRITISH LAND ADR/1 LS-25
F:BLDA
|
$4.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco Macro S.A'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 factors increased equity by 2,146,962,644,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €325.50 Billion | +8.04% |
| Dividends Paid | €466.94 Billion | -11.53% |
| Other Changes | €2.15 Trillion | +53.02% |
| Total Change | €- | 98.14% |
Book Value vs Market Value Analysis
This analysis compares Banco Macro S.A'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: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.96x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €64.41 | €62.00 | x |
| 2018-12-31 | €95.06 | €62.00 | x |
| 2019-12-31 | €165.86 | €62.00 | x |
| 2020-12-31 | €231.59 | €62.00 | x |
| 2021-12-31 | €373.11 | €62.00 | x |
| 2022-12-31 | €477.04 | €62.00 | x |
| 2023-12-31 | €3195.99 | €62.00 | x |
| 2024-12-31 | €6445.76 | €62.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco Macro S.A 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 (18.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 21.77% | 30.13% | 0.14x | 5.20x | €5.08 Billion |
| 2018 | -1.15% | -1.14% | 0.18x | 5.77x | €-6.79 Billion |
| 2019 | 19.47% | 18.08% | 0.26x | 4.20x | €10.04 Billion |
| 2020 | 20.44% | 29.35% | 0.13x | 5.20x | €15.46 Billion |
| 2021 | 11.37% | 13.84% | 0.20x | 4.18x | €3.27 Billion |
| 2022 | 8.40% | 12.35% | 0.17x | 4.08x | €-8.20 Billion |
| 2023 | 62.02% | 20.63% | 0.91x | 3.29x | €1.06 Trillion |
| 2024 | 8.04% | 7.20% | 0.31x | 3.58x | €-79.41 Billion |
Industry Comparison
This section compares Banco Macro S.A's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,686,456,747,900
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco Macro S.A (B4W) | €4.76 Trillion | 21.77% | 3.32x | $4.38 Billion |
| Grupo Supervielle S.A (189A) | $53.42 Billion | -1.61% | 6.34x | $610.24 Million |
| Bank of Zhengzhou Co. Ltd (3BZ) | $39.89 Billion | 8.24% | 11.55x | $252.75 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $31.55 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $544.88 Billion | 11.18% | 17.75x | $12.54 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.03 Trillion | 8.38% | 15.56x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $34.73 Billion | 17.53% | 7.74x | $2.49 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $26.12 Billion | 7.27% | 10.72x | $1.47 Billion |
| Harbin Bank Co. Ltd (5H6) | $42.41 Billion | 12.38% | 12.31x | $137.86 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
| Grupo Aval Acciones y Valores S.A (6GAA) | $35.44 Trillion | 6.63% | 8.11x | $1.61 Billion |
About Banco Macro S.A
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 p… Read more