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General information

Country: ARGENTINA

Sector: Banks — Regional

Grupo Financiero Galicia S.A. operates as a financial services holding company for Banco Galicia, a commercial bank in Argentina. The Bank attracts deposits and offers business and consumer loans, mortgages, investment banking, securities brokerage services, foreign exchange services, mutual funds, insurance, annuities, and credit cards.
Website: gfgsa.com



Growth: Bad revenue growth rate -65.8%, there is slowdown compared to average historical growth rates 11.3%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is positive, +19.3%. On average the margin is improving unsteadily. Gross margin is high, +100.0%. In the last quarter the company beat the estimated EPS, +28.4%. The company was ahead of estimated EPS in 20% of quarters (showing a gain of -$0.21 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 4.4%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 346.7% higher than minimum and -1.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 1.7x by P / Sales multiple , the company can be 76.6% undervalued

Key Financials (Download financials)

Ticker: GGAL
Share price, USD:  (+1.3%)26.49
year average price 15.96  


year start price 11.40 2023-03-30

min close price 10.93 2023-05-04

max close price 26.15 2024-03-25

current price 26.49 2024-03-28
Common stocks: 147 468 993

Dividend Yield:  4.4%
P / E LTM: 5.0x
P / E annualized: 1.7x
Last revenue growth (y/y):  -65.8%
Last growth of Net Income (y/y):  > 200.0%
Historical revenue growth:  11.3%
Historical growth of Net Income:  9.5%
P / Sales: 1.0x
Margin (Net Income LTM / Revenue): 19.3%
Fundamental value created in LTM:
Market Cap ($m): 3 784
Price to Book: 1.6x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-01-30Zacks Investment Research

Is Grupo Financiero Galicia (GGAL) Stock Outpacing Its Finance Peers This Year?
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2022 q4 2021 q4 2021 q3
date 2023-12-31 2023-09-30 2023-06-30 2022-12-31 2021-12-31 2021-09-30
symbol GGAL GGAL GGAL GGAL GGAL GGAL
reportedCurrency ARS ARS ARS USD ARS ARS
cik 1M 1M 1M 1M 1M 1M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-04-24 2022-04-25 2021-09-30
acceptedDate 2023-12-29 19:00:00 2023-09-29 20:00:00 2023-06-29 20:00:00 2023-04-24 11:36:15 2022-04-25 11:48:17 2021-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2022.000 2021.000 2021.000
period Q4 Q3 Q2 Q4 Q4 Q3
revenue 6 412 536M 568 891M 371 112M 262 977M 202 988M 71 259M
costOfRevenue 0 0 0 125 499M 0 0
grossProfit 6 412 536M 568 891M 371 112M 137 478M 202 988M 0
grossProfitRatio 1.000 1.000 1.000 0.523 1.000 0
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 97 070M 71 773M 19 059M 17 158M 19 986M
sellingAndMarketingExpenses 0 0 1 642M 1 629M 2 130M 0
sellingGeneralAndAdministrativeExpenses 0 97 070M 71 773M 69 378M 62 550M 19 986M
otherExpenses -570 558M -591 074M -359 780M 0 0 0
operatingExpenses 570 558M -494 004M -288 007M 226 204M 165 551M 0
costAndExpenses 4 158 868M -494 004M -288 007M 226 204M 165 551M 0
interestIncome 0 291 697M 198 940M 476 250M 80 932M 68 161M
interestExpense 180 186M 45 903M 46 756M -714 015M 45 628M 41 782M
depreciationAndAmortization 80 163M 14 391M 9 943M -5 858M 3 630M 3 352M
ebitda 87 428M 89 278M 93 048M 36 773M 37 437M 59 207M
ebitdaratio 0.014 0.157 0.251 0.140 0.184 0.831
operatingIncome 7 265M 74 887M 83 105M 90 837M 33 807M 0
operatingIncomeRatio 0.001 0.132 0.224 0.345 0.167 0
totalOtherIncomeExpensesNet 560 128M 97 551M 102 140M 36 773M 37 437M 0
incomeBeforeTax 560 128M 74 887M 83 105M 36 773M 37 437M 14 073M
incomeBeforeTaxRatio 0.087 0.132 0.224 0.140 0.184 0.197
incomeTaxExpense 247 054M 20 671M 25 133M 10 189M 13 048M 4 664M
netIncome 320 339M 54 216M 57 972M 26 584M 24 389M 9 409M
netIncomeRatio 0.050 0.095 0.156 0.101 0.120 0.132
eps 2.690 367.640 393.110 18.030 16.540 63.803
epsdiluted 2.690 367.640 393.110 18.030 16.540 63.803
weightedAverageShsOut 119 215M 147M 147M 1 475M 1 475M 147M
weightedAverageShsOutDil 119 215M 147M 147M 1 475M 1 475M 147M
link Link Link
finalLink Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2021 q4 2021 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-04-26 2022-11-18 2021-12-31 2021-09-30
symbol GGAL GGAL GGAL GGAL GGAL GGAL GGAL
reportedCurrency ARS ARS ARS USD USD ARS ARS
cik 1M 1M 1M 1M 1M 1M 1M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2023-04-27 2023-04-24 2022-04-25 2021-09-30
acceptedDate 2023-12-29 19:00:00 2023-09-29 20:00:00 2023-06-29 20:00:00 2023-04-27 12:37:28 2023-04-24 11:36:15 2022-04-25 11:48:17 2021-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2021.000 2021.000
period Q4 Q3 Q2 Q1 Q4 Q4 Q3
cashAndCashEquivalents -1 926 088M 740 243M 548 273M 0 0 237 427M 229 860M
shortTermInvestments 0 0 0 0 0 -157 000 0
cashAndShortTermInvestments -1 926 088M 740 243M 548 273M 0 0 237 427M 229 860M
netReceivables 0 0 0 0 0 21 231M 0
inventory 0 0 0 0 0 0 0
otherCurrentAssets 3 504 738M 1 529 553M 917 866M 0 0 0 0
totalCurrentAssets 3 504 738M 740 243M 548 273M 0 0 258 658M 0
propertyPlantEquipmentNet 355 220M 234 525M 174 851M 0 0 62 196M 57 239M
goodwill 0 0 525 000 0 0 -442 000 0
intangibleAssets 0 0 58 631M 0 0 21 231M 0
goodwillAndIntangibleAssets 5 487 261M 76 649M 58 632M 0 0 21 231M 19 398M
longTermInvestments 37 936M 2 875 812M 2 182 993M 0 0 591 816M 553 961M
taxAssets 183 806M 14 068M 12 439M 0 0 0 0
otherNonCurrentAssets 714 994M -14 068M -12 439M 0 0 -675 243M 0
totalNonCurrentAssets 6 779 218M 3 186 986M 2 416 476M 0 0 675 243M 0
otherAssets 0 2 339 050M 1 894 165M 0 0 747 796M 1 476 069M
totalAssets 10 283 956M 6 266 279M 4 858 914M 0 0 1 681 697M 1 476 069M
accountPayables 0 0 0 0 0 0 0
shortTermDebt 333 206M 238 228M 124 107M 0 0 0 0
taxPayables 0 0 0 0 0 30 250M 0
deferredRevenue 0 0 0 0 0 0 0
otherCurrentLiabilities 284 010M 37 200M 19 865M 0 0 0 0
totalCurrentLiabilities 617 216M 275 428M 143 972M 0 0 0 0
longTermDebt 135 036M 249 966M 191 724M 0 0 77 958M 73 280M
deferredRevenueNonCurrent 5 444 113M 211 742M 161 151M 0 0 0 0
deferredTaxLiabilitiesNonCurrent 11 833M 38 224M 30 573M 0 0 5 431M 0
otherNonCurrentLiabilities 2 058 027M -249 966M -191 724M 0 0 -83 389M 0
totalNonCurrentLiabilities 7 649 009M 249 966M 191 724M 0 0 1 379 131M 0
otherLiabilities 1.000 -275 428M -143 972M 0 0 1 373 574M 1 209 663M
capitalLeaseObligations 23 747M 16 742M 12 264M 0 0 4 382M 0
totalLiabilities 8 266 226M 249 966M 191 724M 0 0 1 379 131M 1 209 663M
preferredStock 0 0 0 0 0 0 0
commonStock 1 475M 1 713M 1 641M 0 0 1 475M 0
retainedEarnings 0 0 537 256M 0 0 -89 040M 0
accumulatedOtherComprehensiveIncomeLoss 1 282 457M 905 037M 598 568M 0 0 241 203M 0
othertotalStockholdersEquity 733 721M 352 210M -243 849M 0 0 148 929M 266 406M
totalStockholdersEquity 2 017 652M 1 258 960M 893 616M 0 0 302 566M 266 406M
totalEquity 2 017 730M 1 258 960M 893 616M 0 0 302 566M 266 406M
totalLiabilitiesAndStockholdersEquity 10 283 956M 6 266 279M 4 858 914M 0 0 1 681 697M 1 476 069M
minorityInterest 78M 95 231 52 307 0 0 5000.000 0
totalLiabilitiesAndTotalEquity 10 283 956M 6 266 279M 4 858 914M 0 0 1 681 697M 1 476 069M
totalInvestments 37 936M 2 875 812M 2 182 993M 0 0 591 816M 0
totalDebt 491 989M 249 966M 191 724M 0 0 77 958M 73 280M
netDebt 2 418 077M -490 277M -356 549M 0 0 -159 469M -156 580M
link Link Link Link
finalLink Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2020 q4 2020 q3
date 2023-12-31 2023-09-30 2023-06-30 2020-12-31 2020-09-30
symbol GGAL GGAL GGAL GGAL GGAL
reportedCurrency ARS ARS ARS ARS ARS
cik 1M 1M 1M 1M 1M
fillingDate 2023-12-31 2023-09-30 2023-06-30 2021-04-23 2020-09-30
acceptedDate 2023-12-29 19:00:00 2023-09-28 20:00:00 2023-06-29 20:00:00 2021-04-23 16:12:41 2020-09-29 20:00:00
calendarYear 2023.000 2023.000 2023.000 2020.000 2020.000
period Q4 Q3 Q2 Q4 Q3
netIncome 320 339M 70 282M 71 144M 3 625M 5 450M
depreciationAndAmortization 80 163M 18 434M 12 136M 2 340M 1 819M
deferredIncomeTax 0 0 0 0 0
stockBasedCompensation 0 0 0 0 0
changeInWorkingCapital 1 290 770M -268 684M -71 195M 0 0
accountsReceivables 0 0 0 0 0
inventory 0 0 0 0 0
accountsPayables 0 0 0 0 0
otherWorkingCapital 0 0 0 0 0
otherNonCashItems -178 045M 85 864M -308 874M -5 965M -7 269M
netCashProvidedByOperatingActivities 1 513 228M -94 104M -296 788M 0 0
investmentsInPropertyPlantAndEquipment -97 850M -23 187M -11 230M 0 0
acquisitionsNet 4 365M 528M 146M 0 0
purchasesOfInvestments -2 883 324M -154 345M -96M 0 0
salesMaturitiesOfInvestments 12 364M -85 453M -141 767M 0 0
otherInvestingActivites -2 920 318M -788 553M -481 043M 0 0
netCashUsedForInvestingActivites -5 884 762M -1 051 011M -633 990M 0 0
debtRepayment -31 437M -10 489M -14 520M 0 0
commonStockIssued 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0
dividendsPaid -95 883M -93 096M -62 543M 0 0
otherFinancingActivites 6 679 941M 1 903 204M 1 033 030M 0 0
netCashUsedProvidedByFinancingActivities 6 552 621M 1 799 619M 955 966M 0 0
effectOfForexChangesOnCash 0 0 125 393M 0 0
netChangeInCash 2 181 087M 654 504M 366 447M 0 0
cashAtEndOfPeriod 2 181 087M 654 504M 1 812 199M 0 0
cashAtBeginningOfPeriod 0 0 1 445 752M 0 0
operatingCashFlow 1 513 228M -94 104M -296 788M 0 0
capitalExpenditure -97 850M -23 187M -11 230M 0 0
freeCashFlow 1 415 377M -117 291M -308 019M 0 0
link Link
finalLink Link

Earning call transcript

SEC forms

Show financial reports only

SEC form 6
2024-03-11 10:39 ET
Grupo Financiero Galicia published news for 2023 q4
SEC form 6
2024-03-11 10:39 ET
Grupo Financiero Galicia published news for 2023 q4
SEC form 6
2023-11-22 10:13 ET
Grupo Financiero Galicia published news for 2023 q3
SEC form 6
2023-10-17 17:01 ET
Grupo Financiero Galicia published news for 2023 q3
SEC form 6
2023-08-23 17:20 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-08-15 15:26 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-08-02 17:01 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-08-02 16:48 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-07-05 11:23 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-07-05 11:01 ET
Grupo Financiero Galicia published news for 2023 q2
SEC form 6
2023-05-31 14:21 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-05-24 14:10 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-05-03 16:48 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-05-03 16:32 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-05-02 10:55 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-04-27 12:37 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-04-24 11:36 ET
Grupo Financiero Galicia published news for 2023 q1
SEC form 6
2023-03-23 17:58 ET
Grupo Financiero Galicia published news for 2022 q4
SEC form 6
2023-03-08 14:00 ET
Grupo Financiero Galicia published news for 2022 q4
SEC form 6
2023-01-04 08:32 ET
Grupo Financiero Galicia published news for 2022 q4
SEC form 6
2023-01-04 08:17 ET
Grupo Financiero Galicia published news for 2022 q4
SEC form 6
2022-11-22 14:05 ET
Grupo Financiero Galicia published news for 2022 q3
SEC form 6
2022-11-18 13:14 ET
Grupo Financiero Galicia published news for 2022 q3
SEC form 6
2022-10-20 16:56 ET
Grupo Financiero Galicia published news for 2022 q3
SEC form 6
2022-10-20 16:52 ET
Grupo Financiero Galicia published news for 2022 q3
SEC form 6
2022-09-28 15:42 ET
Grupo Financiero Galicia published news for 2022 q2
SEC form 6
2022-09-09 12:42 ET
Grupo Financiero Galicia published news for 2022 q2
SEC form 6
2022-09-09 12:39 ET
Grupo Financiero Galicia published news for 2022 q2
SEC form 6
2022-05-24 14:37 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-05-09 18:06 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-05-09 18:01 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-05-09 17:58 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-04-25 11:48 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-04-20 07:19 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-04-19 22:00 ET
Grupo Financiero Galicia published news for 2022 q1
SEC form 6
2022-03-21 11:19 ET
Grupo Financiero Galicia published news for 2021 q4
SEC form 6
2022-03-17 13:33 ET
Grupo Financiero Galicia published news for 2021 q4
SEC form 6
2022-02-25 11:04 ET
Grupo Financiero Galicia published news for 2021 q4
SEC form 6
2022-02-16 15:41 ET
Grupo Financiero Galicia published news for 2021 q4
SEC form 6
2022-02-10 08:19 ET
Grupo Financiero Galicia published news for 2021 q4
SEC form 6
2021-11-29 13:33 ET
Grupo Financiero Galicia published news for 2021 q3
SEC form 6
2021-11-17 09:57 ET
Grupo Financiero Galicia published news for 2021 q3
SEC form 6
2021-10-19 13:52 ET
Grupo Financiero Galicia published news for 2021 q3
SEC form 6
2021-10-04 13:46 ET
Grupo Financiero Galicia published news for 2021 q3
SEC form 6
2021-10-01 12:23 ET
Grupo Financiero Galicia published news for 2021 q3
SEC form 6
2021-09-20 09:09 ET
Grupo Financiero Galicia published news for 2021 q2
SEC form 6
2021-08-31 11:22 ET
Grupo Financiero Galicia published news for 2021 q2
SEC form 6
2021-08-31 10:39 ET
Grupo Financiero Galicia published news for 2021 q2
SEC form 6
2021-08-11 12:32 ET
Grupo Financiero Galicia published news for 2021 q2
SEC form 6
2021-07-28 14:46 ET
Grupo Financiero Galicia published news for 2021 q2
SEC form 6
2021-06-01 10:04 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-05-20 14:29 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-05-12 15:17 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-05-12 09:26 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-05-04 11:46 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-05-03 15:51 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-04-30 09:29 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-04-23 16:12 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-04-20 11:24 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-04-16 16:24 ET
Grupo Financiero Galicia published news for 2021 q1
SEC form 6
2021-03-30 15:11 ET
Grupo Financiero Galicia published news for 2020 q4
SEC form 6
2021-03-30 15:09 ET
Grupo Financiero Galicia published news for 2020 q4
SEC form 6
2021-03-17 10:37 ET
Grupo Financiero Galicia published news for 2020 q4
SEC form 6
2021-03-10 12:22 ET
Grupo Financiero Galicia published news for 2020 q4
SEC form 6
2021-02-16 06:18 ET
Grupo Financiero Galicia published news for 2020 q4
SEC form 6
2020-12-17 09:35 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-12-17 09:32 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-12-16 09:32 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-11-30 08:56 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-11-13 11:42 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-11-12 14:16 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-10-27 10:04 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-10-07 13:02 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-10-02 12:42 ET
Grupo Financiero Galicia published news for 2020 q3
SEC form 6
2020-10-02 12:38 ET
Grupo Financiero Galicia published news for 2020 q3