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Banco Santander Argentina S.A (BRIO) Fair Value & Analysis

Financial Services · AR · Market cap 122B ARS

BS Banco Santander Argentina S.A BRIO · BA
Price33.50 ARS
Fair Value67.00 ARS
Upside+100.0%
Quality56/100
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Mixed Growth
Solidly profitable · 12.4% net margin
Low debt · generates free cash flow
Ranks above peers (7/10)
Moderate moat 57/100
Evidence: High Range 50.25 ARS – 83.75 ARS Share as image

Fair value as of: Aug 15, 2026

From 4 valuation models · updated today

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (50.25 ARS). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

33.75 ARS 17.10 ARS Fair Value 67.00 ARS Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range 17.10 ARS – 33.75 ARS · fair‑value band 50.25 ARS – 83.75 ARS · the 33.50 ARS price screens below the 67.00 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.

Full chart & analysis →

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Analysis

Banco Santander Argentina S.A (BRIO) currently trades at 33.50 ARS, while our model-based Fair Value estimate is 67.00 ARS, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Banco Santander Argentina S.A generated revenue of 646B ARS at a net margin of 12.4%. Revenue grew 45.9% year over year. It earns a return on equity of 17.1%. The stock trades on a trailing P/E of 12.6. Fundamentals as of Aug 15, 2026

Our scenario range runs from 50.25 ARS (bear case) to 83.75 ARS (bull case); at 33.50 ARS, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at 100%, BRIO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
P/E Multiple 2,497 ARS 3,330 ARS 4,162 ARS 63
Residual Income 1,797 ARS 2,453 ARS 16,721 ARS 61
P/B Multiple 996.72 ARS 1,329 ARS 1,661 ARS 55
All 4 models by family
Multiples
P/E Multiple 2,497 ARS 3,330 ARS 4,162 ARS 63
P/B Multiple 996.72 ARS 1,329 ARS 1,661 ARS 55
Asset-Based
NCAV (Graham) 474.63 ARS 636.00 ARS 949.26 ARS 50
Economic Profit
Residual Income 1,797 ARS 2,453 ARS 16,721 ARS 61

Widest divergence: Economic Profit (2,453 ARS) versus Asset-Based (636.00 ARS). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 646B ARS
Revenue growth (YoY) +45.9%
Net margin 12.4%
Return on equity 17.1%
Free cash flow 3.2T ARS FY2024
P/E ratio 12.6
More key figures
Operating margin 19.2%
EPS (TTM) 2.64 ARS
EPS growth (YoY) -28.5%

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 67 · Market factors (momentum, volatility) 52

Profitability 44
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Banco Santander Argentina S.A. provides various banking products and services to individuals, corporates, companies, agro business, and small and medium-sized enterprises in Argentina.

Full company description

Banco Santander Argentina S.A. provides various banking products and services to individuals, corporates, companies, agro business, and small and medium-sized enterprises in Argentina. The company offers various accounts and cards; private banking services; and loans, as well as car, motorcycle, bike, life, personal accident, home, domestic personal ART, protected business, notebook, cell phone, tablet, video game, audio equipment, musical instrument, sporting goods, protected purchase, portfolio, withdrawal, protected expense, and agro insurance products. It also provides investment services, including fixed term, mutual funds, bonds and shares, and dollars and other foreign currencies; investment banking services, such as syndicated and structured loans, project financing, capital market, and fusion and acquisition services; and foreign trade, treasury, custody, collection, payment, electronic credit invoice, international business, financing services, telephone and online banking, and security box services. The company was formerly known as Banco Santander Rio S.A. and changed its name to Banco Santander Argentina S.A. in April 2022. The company is based in Buenos Aires, Argentina. Banco Santander Argentina S.A. is a subsidiary of Ablasa Participaciones, S.L.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Banco Santander Argentina S.A reported revenue of 5.1T ARS in FY2024 versus 143B ARS in FY2020, a compound +143.7%/yr. Reported net income was 921B ARS in FY2024, compounding +192.5%/yr from FY2020.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
5.1T ARS
Latest YoY
−7.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+188.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+120.5%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+40.0%
Revenue +143.7%/yr
FY20 143B ARS
FY21 211B ARS
FY22 522B ARS
FY23 5.5T ARS
FY24 5.1T ARS
Net income +192.5%/yr
FY20 12.6B ARS
FY21 11.6B ARS
FY22 77.1B ARS
FY23 668B ARS
FY24 921B ARS

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Cite: Fair Value Calculator (2026). "Banco Santander Argentina S.A Fair Value". https://www.fairvalue-calculator.com/stock/BRIO

Peer Group

Banks - Regional · 1088 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 3% · Top 25%
Net margin (TTM) 12% · Bottom 25%
Operating margin (TTM) 19% · Bottom 25%
Revenue growth 46% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.6× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 100 · sector 44
PAST 69 · sector 41
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is Banco Santander Argentina S.A (BRIO) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of 67.00 ARS versus a price of 33.50 ARS, about +100% (undervalued).
What is the fair value of BRIO?
Our model-based fair value for Banco Santander Argentina S.A is 67.00 ARS (as of Aug 15, 2026), built from audited fundamentals. The current price is 33.50 ARS.
What is the quality score of BRIO?
Banco Santander Argentina S.A has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Banco Santander Argentina S.A (BRIO)?
Banco Santander Argentina S.A reported trailing-twelve-month revenue of about 646B ARS (latest available figure, as of Aug 15, 2026).
What is the net profit margin of BRIO?
The net profit margin of Banco Santander Argentina S.A is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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