Grupo Financiero Galicia (GGAL)
NASDAQ:GGAL
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Grupo Financiero Galicia SA
(NASDAQ:GGAL)
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Rating:49Neutral
Price Target:
$45.00
▼(-2.60% Downside)
Action:DowngradedDate:03/12/26
The score is held back primarily by weakened financial performance (recent losses and volatile cash flow) and soft technical momentum (negative MACD; below key moving averages). Offsetting factors include constructive but cautious 2026 guidance supported by strong capital/liquidity, and some support from the dividend yield despite a negative P/E.
Positive Factors
Strong capital and liquidity
Very strong regulatory capital and high liquid-asset coverage provide a durable solvency buffer versus Argentine macro volatility. This supports continued lending, absorbs elevated provisions, preserves access to funding, and makes execution of growth targets and dividend actions more sustainable over the medium term.
Negative Factors
Volatile cash generation
Highly inconsistent operating and free-cash-flow history undermines self-funded growth and increases reliance on external funding or asset sales. A near-total drop in FCF in 2024 and only modest recovery in 2025 raises structural concerns about the durability of internal liquidity under stress scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong capital and liquidity
Very strong regulatory capital and high liquid-asset coverage provide a durable solvency buffer versus Argentine macro volatility. This supports continued lending, absorbs elevated provisions, preserves access to funding, and makes execution of growth targets and dividend actions more sustainable over the medium term.
Read all positive factors
Grupo Financiero Galicia SA (GGAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.98B
Dividend Yield1.82%
Average Volume (3M)1.27M
Price to Earnings (P/E)55.0
Beta (1Y)0.73
Revenue Growth-36.51%
EPS Growth-39.66%
CountryUS
Employees9,183
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)-0.07
Shares Outstanding132,503,200
10 Day Avg. Volume1,235,768
30 Day Avg. Volume1,269,483
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.62
Price to Sales (P/S)0.93
P/FCF Ratio312.19
Enterprise Value/Market Cap706.82
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit1.01
Enterprise Value/Ebitda10.52
Forecast
1Y Price Target
$60.50Price Target Upside30.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)5.07
Revenue Forecast (FY)$7.03B
Grupo Financiero Galicia SA Business Overview & Revenue Model
Company Description
Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments....
How the Company Makes Money
GGAL generates earnings primarily through its banking activities. Key revenue streams typically include: (1) Net interest income: earning interest on loans and other interest-earning assets (such as consumer, SME, and corporate loans) and paying i...
Grupo Financiero Galicia SA Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Neutral
Balanced / Neutral — The call presented a mixed picture: material near-term challenges (sharp deterioration in asset quality, large provisioning and banking losses, and a 91% YoY decline in net income) were offset by strong liquidity and capital positions, solid deposit and loan growth on a yearly basis, diversified non-bank profit contributors, and management’s clear 2026 guidance (25% loan growth, 10%–11% ROE, cost-of-risk ~8%). Given the severity of recent credit deterioration but the healthy capital/liquidity buffer and credible plans for improvement, the tone is cautious but constructive.Positive Updates
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Negative Updates
Severe Drop in Group Profitability — Net Income Plunged 91% YoY
Net income for 2025 amounted to ARS 196 billion, down 91% vs prior year; Q4 reported a net loss of ARS 84 billion (annualized Q4 metrics: -0.7% ROA, -4.3% ROE). Excluding integration expenses the group result would have been ARS 333 billion (ROE 4.2%).
Read all updates
Q4-2025 Updates
Positive
Negative
Macroeconomic Stabilization and Lower Annual Inflation
Argentina GDP grew ~4.4% in 2025 and full-year inflation decelerated to 31.5% (vs 117.8% in 2024), providing a firmer macro backdrop despite monthly acceleration in H2 (Dec monthly +2.8%, Jan 2026 monthly +2.9%).
Read all positive updates
Company Guidance
Management's 2026 guidance included macro targets of inflation ~23% and GDP growth ~3.7%, and bank targets of loan growth ~25% (slower in H1, accelerating in H2), deposit growth 15–20% (peso ~20%, dollar ~15%), average bank margin ~16.4% (starting ~17–18% and ending ~16%), cost of risk declining from a Q4’25 peak (~12.5%) to ~8% for 2026, NPLs expected to peak in March 2026, ROE guidance of 10–11% for 2026 (with hopes of ~15% in 2027), efficiency below 40%, administrative expenses down ~10–11% YoY ex‑one‑offs, and a proposed dividend of ARS 190 billion (ARS 40 billion subject to Central Bank approval).Grupo Financiero Galicia SA Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.55T | 10.63T | 13.89T | 8.52T | 2.86T |
| Gross Profit | 5.59T | 6.66T | 6.88T | 4.33T | 1.63T |
| EBITDA | 536.32B | 2.40T | 1.37T | 633.50B | 376.09B |
| Net Income | 228.40B | 1.62T | 734.24B | 329.38B | 188.62B |
Balance Sheet | |||||
| Total Assets | 45.78T | 32.52T | 10.22T | 10.49T | 3.27T |
| Cash, Cash Equivalents and Short-Term Investments | 9.07T | 3.76T | 2.00T | 627.91B | 462.49B |
| Total Debt | 3.65T | 2.16T | 465.73B | 491.26B | 160.31B |
| Total Liabilities | 38.01T | 26.45T | 8.20T | 8.59T | 2.68T |
| Stockholders Equity | 7.76T | 6.06T | 2.02T | 1.90T | 593.09B |
Cash Flow | |||||
| Free Cash Flow | 40.27B | -2.92T | 1.59T | 1.74T | -302.46B |
| Operating Cash Flow | 326.77B | -2.70T | 6.22T | 1.79T | -281.92B |
| Investing Cash Flow | -586.26B | 939.32B | -178.26B | -137.68B | -17.57B |
| Financing Cash Flow | 873.80B | 413.52B | -500.34B | 83.96B | 51.13B |
Grupo Financiero Galicia SA Technical Analysis
Positive
46.20
Price Trends
46.94
Negative
49.29
Negative
45.60
Positive
Market Momentum
-0.15
Negative
54.27
Neutral
83.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GGAL, the sentiment is Positive. The current price of 46.2 is above the 20-day moving average (MA) of 43.61, below the 50-day MA of 46.94, and above the 200-day MA of 45.60, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 54.27 is Neutral, neither overbought nor oversold. The STOCH value of 83.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GGAL.
Grupo Financiero Galicia SA Risk Analysis
Grupo Financiero Galicia SA disclosed 44 risk factors in its most recent earnings report. Grupo Financiero Galicia SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The management of Banco Galicia's business (the main subsidiary of Grupo Galicia) could be affected by its shareholder composition. Q4, 2022
2.
Possible negative effects on the results of Banco Galicia (the main subsidiary of Grupo Galicia) due to an increase in the default rate may occur, with a corresponding negative impact on the results of Grupo Financiero Galicia. Q4, 2022
3.
Restriction on the distribution of results by financial institutions. Q4, 2022
Grupo Financiero Galicia SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $5.32B | 24.80 | 4.69% | 2.37% | -55.81% | -78.94% | |
57 Neutral | $4.95B | 11.31 | 9.57% | 3.03% | -6.62% | 111.94% | |
56 Neutral | $15.55B | 12.58 | 21.37% | 4.29% | 12.43% | 56.30% | |
55 Neutral | $3.56B | 18.39 | 7.42% | 0.80% | -39.57% | -49.55% | |
49 Neutral | $7.98B | 55.04 | 2.70% | 1.82% | -36.51% | -39.66% | |
45 Neutral | $937.67M | ― | -5.10% | 1.54% | -50.96% | -89.23% |
* Financial Sector Average
GGAL
Grupo Financiero Galicia SA
46.20
2.38
5.43%
BMA
Banco Macro SA
77.46
15.63
25.27%
BSAC
Banco Santander Chile
33.20
13.01
64.44%
BBAR
Banco BBVA Argentina
16.01
1.35
9.23%
AVAL
Grupo Aval Acciones y Valores SA Pfd
4.35
2.11
93.85%
SUPV
Grupo Supervielle SA
9.42
-1.01
-9.71%
Grupo Financiero Galicia SA Corporate Events
Grupo Financiero Galicia Calls Remote Shareholders’ Meeting to Decide 2025 Results and Potential Dividend
Mar 11, 2026
Grupo Financiero Galicia has called an ordinary shareholders’ meeting for April 28, 2026, to be held remotely via Microsoft Teams, with holders required to submit share ownership certifications by April 22 to be registered for attendance. Th...
Grupo Financiero Galicia Calls April 28, 2026 Virtual Shareholders’ Meeting
Mar 11, 2026
Grupo Financiero Galicia S.A., a major Argentine financial group headquartered in Buenos Aires, offers a wide spectrum of banking and financial services to domestic clients and investors. The group is listed as a foreign private issuer in the Unit...
Grupo Financiero Galicia Posts Weaker 2025 Earnings as HSBC Integration Concludes and Nera JV with Santander Launches
Mar 5, 2026
Grupo Financiero Galicia on March 4, 2026 reported its financial results for the fourth quarter and full year ended December 31, 2025, the first full year after integrating the former HSBC Argentina business under the Galicia Más brand. The c...
Grupo Financiero Galicia Announces March 2026 Cash Dividend Payment
Mar 3, 2026
On March 3, 2026, Grupo Financiero Galicia’s board approved the payment of cash dividends totaling Ps. 40.6 billion, equivalent to Ps. 25.2769025378911 per share, pursuant to a decision taken at the shareholders’ meeting held on April ...
Grupo Financiero Galicia Declares Ps. 40.6 Billion Cash Dividend for March 2026
Mar 3, 2026
On March 3, 2026, Grupo Financiero Galicia announced that its board of directors approved a cash dividend distribution totaling Ps. 40,601,118,959.06, acting under powers granted by shareholders at the ordinary meeting held on April 29, 2025. The ...
Grupo Financiero Galicia’s Banco de Galicia Pays Ninth FY 2024 Dividend Installment
Feb 27, 2026
Grupo Financiero Galicia S.A. reported that on February 27, 2026, its main subsidiary Banco de Galicia y Buenos Aires S.A. began distributing the ninth cash dividend installment for fiscal year 2024, totaling ARS 40.601.848.516,52 and allocated in...
Grupo Financiero Galicia Seeks Mexican Banking License for N-Xers Subsidiary
Feb 4, 2026
On February 4, 2026, Grupo Financiero Galicia disclosed that its Mexican subsidiary N-Xers S.A. de C.V., headquartered in the United Mexican States, has applied to Mexico’s National Banking and Securities Commission (CNBV) for authorization ...
Grupo Financiero Galicia Announces Large Cash Dividend Payment for February 2026
Feb 3, 2026
On February 3, 2026, Grupo Financiero Galicia S.A.’s board of directors approved the payment of cash dividends totaling Ps. 39,463,919,030.56, equivalent to Ps. 24.5689197902307 per share with a face value of Ps. 1.00, representing 2,456.891...
Grupo Financiero Galicia Announces Ps. 39.46 Billion Cash Dividend for February 2026
Feb 3, 2026
On February 3, 2026, Grupo Financiero Galicia’s board of directors approved a cash dividend distribution totaling Ps. 39.46 billion to shareholders of record as of February 6, 2026, with payment beginning on February 11, 2026, pursuant to au...
Grupo Financiero Galicia’s Banco de Galicia Pays Eighth Dividend Installment for FY 2024
Jan 30, 2026
On January 30, 2026, Grupo Financiero Galicia reported that its main subsidiary, Banco de Galicia y Buenos Aires, made available the eighth cash dividend installment for fiscal year 2024, totaling ARS 39.46 billion. The payment, authorized by the ...
Grupo Financiero Galicia Wins Antitrust Approval for Acquisition of HSBC Argentina
Jan 26, 2026
On January 23, 2026, Argentina’s National Commission for the Defense of Competition authorized Grupo Financiero Galicia’s acquisition of exclusive control over HSBC Bank Argentina and several related local HSBC entities, including hold...
Grupo Financiero Galicia Sets Large Cash Dividend Payment for January 2026
Jan 6, 2026
On January 6, 2026, Grupo Financiero Galicia announced that its board of directors, following a resolution adopted at the shareholders’ meeting held on April 29, 2025, approved the payment of a substantial cash dividend totaling Ps. 38.37 bi...
Grupo Financiero Galicia Announces Large Cash Dividend for Shareholders in January 2026
Jan 6, 2026
On January 6, 2026, Grupo Financiero Galicia S.A. announced that its Board of Directors, acting under authority granted by shareholders at the April 29, 2025 ordinary shareholders’ meeting, approved the distribution of a cash dividend totali...
Grupo Financiero Galicia Subsidiary Pays Seventh FY 2024 Dividend Installment
Dec 30, 2025
On December 30, 2025, Grupo Financiero Galicia announced that its main subsidiary, Banco de Galicia y Buenos Aires S.A., made available the seventh installment of a cash dividend linked to results for the fiscal year ended December 31, 2024. The p...
Grupo Financiero Galicia Faces Class Action Lawsuit Over Tax Practices
Dec 12, 2025
On December 12, 2025, Grupo Financiero Galicia S.A. announced that its main subsidiary, Banco de Galicia y Buenos Aires S.A., has been notified of a class action lawsuit. The lawsuit challenges the bank’s application of the ‘Inclusive ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.