Bolsas y Mercados Argentinos SA (BYMA) fair value: what the stock is really worth
We calculate from audited financials what Bolsas y Mercados Argentinos SA is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Financial Services · AR · Market cap 2.3T ARS (≈ $1.6B) · ISIN ARBYMA300018
At a glance
BYBolsas y Mercados Argentinos SABYMA · BA
Price262.00 ARS
Fair Value294.30 ARS
Upside+12.3%
Quality63/100
A solid business, trading 11% below our fair value of 294.30 ARS.
As of Aug 13, 2026, the fair value of Bolsas y Mercados Argentinos SA is 294.30 ARS per share against a price of 262.00 ARS, so the fair value sits 12% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +121.9 %/yr)
✓Highly profitable · 63.0% net margin
✓generates free cash flow
✓Ranks above peers (10/13)
✓Wide moat 85/100
!Evidence only low, so the estimate is less certain
Evidence: LowRange 220.73 ARS to 367.88 ARS
Fair value as of: Aug 13, 2026
From 10 valuation models · updated 26 days ago
Fair value updated Aug 13, 2026, revised from 120.22 ARS to 294.30 ARS (+144.8%) since Jul 26, 2026.
This is the short version. In the app for Bolsas y Mercados Argentinos SA:
Watch Bolsas y Mercados Argentinos SA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
What matters now
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 60.06 ARS – 1,632 ARS · fair‑value band 220.73 ARS – 367.88 ARS · the 262.00 ARS price screens below the 294.30 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Bolsas y Mercados Argentinos SA (BYMA) currently trades at 262.00 ARS, while our model-based Fair Value estimate is 294.30 ARS, implying the stock looks roughly 11.0% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Financial Services sector. Bull case: the Growth DCF group reads highest at a median of 1,172 ARS per share, and 7 of the 10 models we run sit above the 262.00 ARS price. Bear case: the Asset-Based group reads lowest at 57.53 ARS, and 3 of the 10 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Bolsas y Mercados Argentinos SA generated revenue of 272B ARS at a net margin of 63.0%. Revenue grew 24.4% year over year. It earns a return on equity of 25.5%. The stock trades on a trailing P/E of 9.3. Fundamentals as of Aug 13, 2026
Scenario range: 220.73 ARS (bear) to 367.88 ARS (bull), the price of 262.00 ARS sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 26% below its 52-week high and 93% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 12%, BYMA screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (19.44 ARS per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Growth DCF best evidence609.84 ARS1,172 ARS2,117 ARS70
Owner Earnings467.84 ARS973.99 ARS2,084 ARS66
5Y P/E Exit405.44 ARS726.35 ARS1,152 ARS64
All 10 models by family
DCF Models
Owner Earnings467.84 ARS973.99 ARS2,084 ARS66
5Y P/E Exit405.44 ARS726.35 ARS1,152 ARS64
10Y P/E Exit477.88 ARS851.55 ARS1,439 ARS57
Earnings-Based
Graham-Dodd153.94 ARS1,074 ARS1,507 ARS61
Lynch FV554.65 ARS792.36 ARS1,030 ARS59
Multiples
P/E Multiple220.73 ARS294.30 ARS367.88 ARS63
P/B Multiple90.16 ARS120.22 ARS150.27 ARS55
Asset-Based
NCAV (Graham)42.93 ARS57.53 ARS85.87 ARS51
Growth DCF
Growth DCF best evidence609.84 ARS1,172 ARS2,117 ARS70
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio9.3
P/S ratio6.25P/E × margin
EPS (TTM)28.16 ARSprice ÷ EPS = P/E 9.3
Net margin67.1%FY2025
Return on equity25.5%TTM
Return on assets (EBIT)4.0%avg 5y
More key figures
Profitability
Operating margin66.9%TTM
Growth
Revenue (TTM)272B ARSTTM
Revenue growth (YoY)+24.4%3y avg +177%
EPS growth (YoY)−4.9%
Balance sheet & cash flow
Free cash flow235B ARSFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality63/100
Of which business quality 65
· Market factors (momentum, volatility) 53
Profitability51
Margins and returns on capital today
Quality Growth77
Are margins and returns improving?
Cashflow91
Earnings quality: real cash, not paper profit
Fin. Strength80
Balance sheet, leverage, solvency risk
Investment28
Disciplined investing over empire-building
Low Volatility60
Calm price path (market factor)
Momentum41
Price trend over the last 3–12 months (market factor)
52W Momentum65
Distance to the 52-week high (market factor)
Net Issuance41
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Bolsas y Mercados Argentinos S.A. operates as a stock exchange in Argentina. It offers investment access to organizations, companies, and the general public.
Full company description
Bolsas y Mercados Argentinos S.A. operates as a stock exchange in Argentina. It offers investment access to organizations, companies, and the general public. The company provides primary placement, secondary negotiation, settlement, and delivery and payment of the traded securities; and the register of shareholders, safekeeping, and debt payment and allocation activities. It also offers brokers ranking, trading, transaction, clearing and settlement, and safekeeping and related services, as well as services for broker-dealer members. The company was founded in 2013 and is based in Buenos Aires, Argentina.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bolsas y Mercados Argentinos SA reported revenue of 257B ARS in FY2025 versus 7.0B ARS in FY2021, a compound +146.4%/yr. Reported net income was 172B ARS in FY2025.
Growth Quality 100/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
257B ARS
Latest YoY
+34.8%
Avg. revenue 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.
+177.5%
Avg. revenue 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.
+121.9%
Avg. revenue growth/yr (8Y) ⓘ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.
+80.0%
Value creation/yr (5Y, in ARS) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in ARS: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−6.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−6.4%
Dividend yield0.0%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36.9% (2020) → 63.6% (2025) · rising
Worst earnings drop142% (2021) (loss year, drop beyond 100%) · in ARS
⚠ Revenue per share shrinking 3.8%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bolsas y Mercados Argentinos SA Fair Value". https://www.fairvalue-calculator.com/stock/BYMA
Peer Group
Capital Markets · 460 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.
Valuation
Quality Score65 · Top 25%
Fair Value upside+12% · Above median
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets5% · Above median
Net margin (TTM)63% · Top 25%
Operating margin (TTM)67% · Top 25%
Growth and dividend
Revenue growth24% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiples vs Capital Markets median · lower = cheaper
P/E (TTM)9.3× · Cheapest 25%
P/B3.56× · Priciest 25%
P/S (TTM)8.56× · Priciest 25%
P/FCF0.0× · Cheapest 25%
EV/EBITDA8.9× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Bolsas y Mercados Argentinos SA deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+0.8 % per year
Achieved revenue growth, 5 years+121.9 % p.a.
Sector median revenue growth+8.1 %
FCF yield on price11.77 %
Discount rate (WACC) in the models19.2 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE50· sector 9
FUTURE100· sector 88
PAST100· sector 30
HEALTH0· sector 94
DIVIDEND0· sector 38
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
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
Is Bolsas y Mercados Argentinos SA (BYMA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 294.30 ARS versus a price of 262.00 ARS, about +12% upside (undervalued).
What is the fair value of BYMA?
Our model-based fair value for Bolsas y Mercados Argentinos SA is 294.30 ARS (as of Aug 13, 2026), built from audited fundamentals. The current price: 262.00 ARS.
What is the quality score of BYMA?
Bolsas y Mercados Argentinos SA has a Quality Score of 63/100. 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 price target for Bolsas y Mercados Argentinos SA (BYMA)?
Our model-based price target is the fair value of 294.30 ARS (as of Aug 13, 2026) from 10 valuation models. Cautious scenario 220.73 ARS, optimistic scenario 367.88 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Bolsas y Mercados Argentinos SA stock forecast for 2026?
Our models put fair value at 294.30 ARS, about +12% upside versus a price of 262.00 ARS (undervalued). Cautious scenario 220.73 ARS, optimistic scenario 367.88 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Bolsas y Mercados Argentinos SA (BYMA)?
Bolsas y Mercados Argentinos SA reported trailing-twelve-month revenue of about 272B ARS (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BYMA?
The net profit margin of Bolsas y Mercados Argentinos SA is about 63.0%, meaning it keeps roughly 63.0% of revenue as net income. Based on the latest reported figures.
What growth is priced into Bolsas y Mercados Argentinos SA (BYMA)?
For today's price to be fair in a discounted-cash-flow model, Bolsas y Mercados Argentinos SA would have to grow free cash flow by +0.8 % per year for ten years (discount rate 19.2 %, then 2 % perpetual growth). Over the last 5 years revenue grew +121.9 % per year. As of Aug 13, 2026.
What discount rate (WACC) does the fair value of BYMA use?
Our models discount Bolsas y Mercados Argentinos SA at 19.2 %: a base by market capitalisation (small), damped by beta 0.06, country premium for Argentina. The same rate applies in all 26 models.
What is the intrinsic value of Bolsas y Mercados Argentinos SA (BYMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bolsas y Mercados Argentinos SA it is 294.30 ARS per share (as of Aug 13, 2026), against a price of 262.00 ARS. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Bolsas y Mercados Argentinos SA stock overvalued or undervalued in 2026?
As of Aug 13, 2026, BYMA trades below its calculated fair value: price 262.00 ARS, fair value 294.30 ARS, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BYMA?
No. The price is what the market pays today (262.00 ARS); the fair value is what the company's own numbers justify (294.30 ARS). For Bolsas y Mercados Argentinos SA the two are 32.30 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Bolsas y Mercados Argentinos SA worth?
The market values Bolsas y Mercados Argentinos SA at about 2.3T ARS (market capitalisation, as of Aug 13, 2026). Per share that is 262.00 ARS; our models calculate a fair value of 294.30 ARS per share.
What do the bullish and bearish scenarios say about BYMA?
Our models span a range for Bolsas y Mercados Argentinos SA: cautious scenario 220.73 ARS, base 294.30 ARS, optimistic 367.88 ARS per share (as of Aug 13, 2026, price 262.00 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BYMA?
Bolsas y Mercados Argentinos SA trades at a price-to-earnings ratio of 9.3 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 294.30 ARS is built from several models across several years. Other multiples: P/B 3.6, P/S 8.6, EV/EBITDA 8.9.
How solid is the balance sheet of Bolsas y Mercados Argentinos SA (BYMA)?
Balance-sheet figures for Bolsas y Mercados Argentinos SA (as of Aug 13, 2026): return on equity 25.5%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is BYMA from its 52-week high?
Bolsas y Mercados Argentinos SA trades at 262.00 ARS, about 26% below its 52-week high of 351.75 ARS and 93% above the low of 135.75 ARS (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of 294.30 ARS is for.
Which stocks are comparable to Bolsas y Mercados Argentinos SA?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Robinhood Markets, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bolsas y Mercados Argentinos SA stock attractive at the current price?
The data as of Aug 13, 2026: price 262.00 ARS, calculated fair value 294.30 ARS (+12%), Quality Score 63/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BYMA calculated?
We run Bolsas y Mercados Argentinos SA through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 294.30 ARS, with the spread shown as a cautious and an optimistic scenario.
Free · no account needed
Watch Bolsas y Mercados Argentinos SA in the live analysis
One click puts Bolsas y Mercados Argentinos SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
