Company Valuation: Argan

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,629 1,739 1,965 1,536 1,698 1,589 - -
Change - -33.86% 12.99% -21.81% 10.5% -6.4% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,426 3,422 3,384
Change - -16.39% 8.45% -17.48% 4.77% 1.05% -0.12% -1.11%
P/E 3.92x 18x -7.47x 6.05x 6.88x 9.31x 9.46x 9.02x
PBR - - 1.04x 0.69x 0.71x 0.64x 0.63x 0.61x
PEG - -0.2x 0x -0x -1.72x -0.3x -6.14x 1.85x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 7.2x 6.89x 6.72x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 15.5x 14.8x 14.3x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 16.4x 15.6x 15.1x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 16.3x 16.1x 15.1x
EV / FCF 41.9x -32.8x 156x 23.3x - 46.3x 16.5x 16x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 2.16% 6.08% 6.26%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.585 3.682 3.788
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 5.81% 5.97% 6.14%
EPS 2 29.7 4.2 -11.4 10 9.6 6.625 6.523 6.841
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 54.1% 56.4% 55.4%
Net sales 1 185.6 197.9 220.7 239 212 220.6 230.6 236.5
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.8 218.8 223.8
EBIT 1 147 116.8 -201.2 302.2 290.9 210.8 212.7 223.6
Net income 1 668 95.1 -263.5 245.7 245.2 168.4 181.4 187.8
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,837 1,833 1,795
Reference price 2 116.40 75.80 85.20 60.50 66.00 61.70 61.70 61.70
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,753 - -
Announcement Date 19/01/22 19/01/23 18/01/24 16/01/25 22/01/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.31x15.53x16.41x5.81% 1.82B
45.01x19.09x24.92x3.07% 130B
25.42x20.49x23.52x0.98% 43.65B
36.15x16.52x23.39x3.01% 11.34B
27.23x13.53x20.06x3.17% 8.27B
27.41x11.1x15.76x5.1% 7.66B
35.04x11.84x16.29x3.94% 7.49B
34.59x15.98x24.4x3.16% 7.15B
10.92x18.47x18.87x5.77% 6B
8.33x19.14x21.6x5.2% 5.88B
Average 25.94x 16.17x 20.52x 3.92% 22.94B
Weighted average by Cap. 36.85x 18.39x 23.49x 2.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield