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 1,558 - -
Change - -33.86% 12.99% -21.81% 10.5% -8.22% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,395 3,391 3,353
Change - -16.39% 8.45% -17.48% 4.77% 0.13% -0.12% -1.12%
P/E 3.92x 18x -7.47x 6.05x 6.88x 9.13x 9.28x 8.84x
PBR - - 1.04x 0.69x 0.71x 0.63x 0.61x 0.6x
PEG - -0.2x 0x -0x -1.72x -0.3x -6.02x 1.81x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 7.06x 6.76x 6.59x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 15.4x 14.7x 14.2x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 16.3x 15.5x 15x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 16.1x 15.9x 15x
EV / FCF 41.9x -32.8x 156x 23.3x - 45.9x 16.3x 15.8x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 2.18% 6.13% 6.32%
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% 5.93% 6.09% 6.26%
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 60.50 60.50 60.50
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.($)
9.13x15.39x16.26x5.93% 1.78B
45.52x19.26x25.14x3.04% 132B
24.93x20.11x23.08x1% 42.67B
35.93x16.43x23.27x3.03% 11.27B
28.21x13.91x20.62x3.06% 8.57B
27.18x11.03x15.67x5.14% 7.6B
16.06x13.64x17.56x4.35% 7.38B
34.53x11.72x16.13x4% 7.38B
34.68x16.05x24.52x3.15% 7.17B
10.64x18.21x18.6x5.92% 5.83B
Average 26.68x 15.58x 20.09x 3.86% 23.12B
Weighted average by Cap. 37.22x 18.23x 23.41x 2.9%

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