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 1,700 - -
Change - -33.86% 12.99% -21.81% 10.5% 0.12% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,557 3,576 3,598
Change - -16.39% 8.45% -17.48% 4.77% 4.89% 0.54% 0.62%
P/E 3.92x 18x -7.47x 6.05x 6.88x 9.68x 9.48x 8.87x
PBR - - 1.04x 0.69x 0.71x 0.72x 0.68x 0.67x
PEG - -0.2x 0x -0x -1.72x -0.3x 4.59x 1.29x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 7.69x 7.31x 7.07x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 16.1x 15.4x 15x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 17x 16.2x 15.8x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 15.6x 14.6x 14.3x
EV / FCF 41.9x -32.8x 156x 23.3x - 48.1x 17.2x 17x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 2.08% 5.82% 5.89%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.644 3.687 3.798
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 5.52% 5.59% 5.76%
EPS 2 29.7 4.2 -11.4 10 9.6 6.82 6.961 7.441
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 53.4% 53% 51%
Net sales 1 185.6 197.9 220.7 239 212 221.1 232.4 240.5
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.7 220.1 228.3
EBIT 1 147 116.8 -201.2 302.2 290.9 227.9 244.2 251.8
Net income 1 668 95.1 -263.5 245.7 245.2 182.4 193.7 206.4
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,857 1,876 1,898
Reference price 2 116.40 75.80 85.20 60.50 66.00 66.00 66.00 66.00
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,751 - -
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.($)
9.68x16.03x17x5.52% 1.91B
38.39x18.29x23.22x3.32% 123B
30.6x13.85x17.62x4.48% 65.02B
35.8x14.47x14.94x6.03% 51.06B
17.75x15x17.09x1.16% 36.82B
16.07x25.01x27.38x3.57% 16.38B
25.99x10.48x14.44x4.83% 14.92B
7.92x11.67x14.3x6.3% 14.23B
17.95x16.04x23.31x5.37% 13.93B
28.77x11.06x16.14x4.24% 13.08B
Average 22.89x 15.19x 18.55x 4.48% 34.99B
Weighted average by Cap. 30.25x 15.90x 19.49x 4.03%

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