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STOCK COMPARISON

A3 Mercados S.A. vs S&P Global: Fair Value & Quality

Both stocks run through our valuation models. Here is how A3 Mercados S.A. (A3) and S&P Global (SPGI) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees A3 Mercados S.A. as the less overvalued of the two: A3 Mercados S.A. trades at ARS 2,860 versus a fair value of ARS 1,613 (-44%), while S&P Global trades at $407 versus $216 (-47%).
A3 Mercados S.A.
A3.BA · ARS · Financial Services
-44%
upside to fair value
overvalued
PriceARS 2,860
Fair ValueARS 1,613
Quality51/100
S&P Global
SPGI · USD · Financials
-47%
upside to fair value
overvalued
Price$407
Fair Value$216
Quality80/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

A3 Mercados S.A.S&P Global
Valuation
n/aP/E (TTM)25.0×
n/aP/S (TTM)8.61×
n/aP/B4.33× · book value is mostly goodwill
n/aEV/EBITDA18.6×
n/aPEG1.85×
−43.6%Fair value upside−47.0%
n/aDividend yield0.9%
n/aDividend per share$3.85
Profitability
32%Operating margin44%
0.43×EBIT margin trend (5Y)0.87×
11%Return on equity14%
6%Return on assets7%
Growth
60%Revenue growth (YoY)10%
99.0%Avg. growth/yr (3Y)11.1%
n/aAvg. growth/yr (5Y)15.6%
+3.5%Value creation/yr+8.4%
Balance & size
83.5×Interest coverage (EBIT/interest)22.6×
0.01×Debt / equity0.40×
$590MMarket cap$135B
healthyGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Even match: 4 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

A3 Mercados S.A.of which business quality 55 · market factors 71 S&P Globalof which business quality 74 · market factors 42
ProfitabilityMargins and returns on capital today
32
50
Quality GrowthAre margins and returns improving?
41
59
CashflowEarnings quality: real cash, not paper profit
93
88
Fin. StrengthBalance sheet, leverage, solvency risk
96
66
InvestmentDisciplined investing over empire-building
33
100
Low VolatilityCalm price path (market factor)
50
60
MomentumPrice trend over the last 3–12 months (market factor)
86
42
52W MomentumDistance to the 52-week high (market factor)
71
22
Net IssuanceShare count: buybacks or dilution?
0
99

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyA3 Mercados S.A.Price ARS 2,860S&P GlobalPrice $407
DCF Models+18%above the priceARS 3,389-45%below the price$222
Earnings-Based+26%above the priceARS 3,595-47%below the price$214
Dividend Discountn/a-83%below the price$68.00
Multiples-54%below the priceARS 1,308-58%below the price$172
Asset-Based-45%below the priceARS 1,571-83%below the price$70.70
Growth DCF+9%close to the priceARS 3,111-47%below the price$217
Economic Profit-45%below the priceARS 1,565-67%below the price$133
Minimum-54%below the priceARS 1,308-83%below the price$68.00
Maximum+26%above the priceARS 3,595-45%below the price$222
Median-18%below the priceARS 2,341-58%below the price$172
Geometric mean-22%below the priceARS 2,227-65%below the price$142

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

A3 Mercados S.A.: 5 of 11 models see the stock below the current price.

S&P Global: 13 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

A3 Mercados S.A.
Price ARS 2,860
Fair Value ARS 1,613
Bear ARS 1,323Bull ARS 2,041
S&P Global
Price $407
Fair Value $216
Bear $140Bull $306

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

A3 Mercados S.A. · Financial Services

Quality score51 · above median
Fair value upside-44% · below median

S&P Global · Financials

Quality score80 · Top 25%
Fair value upside-47% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees A3 Mercados S.A. as the less overvalued of the two: A3 Mercados S.A. trades at ARS 2,860 versus a fair value of ARS 1,613 (-44%), while S&P Global trades at $407 versus $216 (-47%).

S&P Global has the higher quality score (80/100).

Open A3 Mercados S.A. live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.