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Argentina

BCBA · ARGT · MERVAL

A historic economic re-rating is underway. Fiscal consolidation, deregulation, and the Vaca Muerta energy boom are reshaping the investment landscape. Banking penetration at just ~10% of GDP creates massive runway. Higher risk, higher potential reward.

N/A Index P/E
-3.9% YTD 2026
~0.9% Avg Yield
Vaca Muerta Energy Boom

Shale output surpassing 200k bbl/d with $50B export target by 2031

Financial System Rebuild

Banking penetration at ~10% of GDP — enormous growth runway

Tech & Innovation

MercadoLibre and Globant prove Argentina builds world-class companies

12 stocks & ETFs for US investors

ARGT
Broad ETF

Global X MSCI Argentina ETF

The primary Argentina ETF, heavily weighted toward MercadoLibre (~20%), YPF, and the banking trio. After +63% in 2024 and +11% in 2025, the market is consolidating in 2026 — potentially a buying opportunity.

$87.75
Price
P/E
~0.9%
Yield
~$749M AUM
Mkt Cap
MELI
E-commerce / Fintech

MercadoLibre, Inc.

Latin America's dominant e-commerce and fintech platform. Argentine-founded with Q4 2025 revenue up 44.6% YoY and a planned $3.4B investment in Argentina. The region's most valuable company at ~$85B.

$1,599.52
Price
~41–44
P/E
0%
Yield
~$82–88B
Mkt Cap
YPF
Energy

YPF S.A.

The direct Vaca Muerta play. Shale output has surpassed 200,000 bbl/d, and a $20B LNG export project targets final investment decision in 2026. Argentina's energy transformation in a single stock.

~$35–38
Price
~17 fwd
P/E
0%
Yield
~$15.7B
Mkt Cap
GGAL
Banking

Grupo Fin. Galicia

Argentina's largest private bank. Recently completed its merger with HSBC Argentina, projecting 15–20% ROE by 2027 with 25% real loan growth. The premium banking play on Argentina's normalization.

~$47.25
Price
P/E
~2.6–3.8%
Yield
~$8.1B
Mkt Cap
BMA
Banking

Banco Macro S.A.

Argentina's leading regional bank with dominant market share outside Buenos Aires. Positioned to benefit from credit expansion into underserved interior provinces as the economy stabilizes.

~$90.90
Price
P/E
Pays div.
Yield
N/A
Mkt Cap
BBAR
Banking

Banco BBVA Argentina

BBVA's Argentine subsidiary, combining local market knowledge with global banking standards. A more conservative way to play Argentina's banking renaissance through an established international franchise.

~$17.52
Price
~16
P/E
N/A
Yield
N/A
Mkt Cap
PAM
Utilities / Energy

Pampa Energía S.A.

Argentina's largest independent energy company spanning power generation, oil & gas, and petrochemicals. Benefits directly from tariff liberalization — electricity prices are normalizing after years of suppression.

~$81.18
Price
P/E
N/A
Yield
N/A
Mkt Cap
GLOB
IT Services / AI

Globant S.A.

Contrarian growth pick. Down ~75% from 52-week highs despite $2.48B in revenue with growing AI capabilities. Analyst average price target of $137.64 implies 137% upside. Argentine ingenuity exported globally.

$45.68
Price
23.8
P/E
0%
Yield
~$1.9B
Mkt Cap
CAAP
Airport Infra.

Corp. América Airports

Operates 52 airports across Latin America with record passenger traffic growth of 8.8% in 2025. Newly extended concessions provide long-duration revenue visibility. An infrastructure monopoly at scale.

~$26.55
Price
P/E
N/A
Yield
~$4.1B
Mkt Cap
TGS
Gas Transport

Transp. de Gas del Sur

Argentina's largest gas transportation company, operating pipelines critical to moving Vaca Muerta production to domestic and export markets. An infrastructure backbone play on the energy boom.

~$29.01
Price
P/E
~3.0%
Yield
N/A
Mkt Cap
AGRO
Agriculture

Adecoagro S.A.

Diversified agricultural company operating farmland, dairy, and sugar/ethanol operations across Argentina, Brazil, and Uruguay. A play on South America's agricultural productivity and food security.

~$10.23
Price
~13
P/E
N/A
Yield
N/A
Mkt Cap
LOMA
Cement

Loma Negra C.I.A.S.A.

Argentina's dominant cement producer, positioned for infrastructure rebuilding as public investment normalizes. Limited US-listed financial data — verify pricing at the brokerage level before investing.

N/A
Price
P/E
N/A
Yield
N/A
Mkt Cap

All prices reflect March–April 2026 data and may have moved materially. Treat these as directional reference points, not executable quotes. P/E ratios use trailing twelve months unless noted. Dividend yields are trailing and may include special distributions. “N/A” indicates data was not available from US financial data platforms at time of publication. Always verify current pricing and metrics through your brokerage before making investment decisions.