Bolsas y Mercados Argentinos (BYMA) runs the Buenos Aires stock exchange and its clearing and settlement infrastructure, earning fees on trading volume, listings and post-trade services across equities, fixed income and derivatives. The moat is the exchange itself: a single national venue with entrenched participants and high switching costs, which is why operating margins sit at 57.7% on a gross margin of 74.7%. Revenue grew 25.3% in the latest period, and trailing ROE of 27.5% shows that growth is not being bought with capital. The stock trades at 9.7 times trailing earnings and 4.6 times forward, a gap that implies the market expects earnings to fall or that Argentine macro and currency risk is being priced heavily. The name is worth a deeper look if you can form a view on whether peso volatility and capital controls will keep trading volumes high enough to sustain that margin structure, since that single question explains most of the spread between the trailing and forward multiples.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 20 Oct 2026, 02:20 CEST | ACCE price target | ARS 342 | first publication | ARS 242 |
Answered from Bolsas y Mercados Argentinos SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BYMA.BA Bolsas y Mercados Argentinos SA | ARS 243.25 | - | - | 9.7x | 27.5% | 100 | 75 |
| PAMPA.SN PAMPA INVESTMENTS S.A. | CLP 8.85 | - | - | - | 0.0% | 16 | 28 |
| HUB.AX HUB24 Limited | A$66.79 | A$19 | 256% above | 45.7x | 22.2% | 95 | 57 |
| MRX Marex Group plc Ordinary Shares | $68.54 | $74 | 8% below | 14.1x | 26.2% | 75 | 91 |
| FIGR Figure Technology Solutions Inc. Class A Common Stock | $24.04 | $18 | 31% above | 27.3x | 26.1% | 96 | 63 |
| BGC BGC Group Inc. Class A Common Stock | $11.89 | $9 | 26% above | 29.7x | 15.9% | 62 | 68 |
| WULF TeraWulf Inc. Common Stock | $11.32 | - | - | - | -1211.8% | 29 | 18 |
Where BYMA.BA ranks against its sector peers on each metric.