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 1,947 - -
Change - -33.86% 12.99% -21.81% 10.5% 14.68% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,801 3,813 3,829
Change - -16.39% 8.45% -17.48% 4.77% 12.1% 0.32% 0.41%
P/E 3.92x 18x -7.47x 6.05x 6.88x 12x 11.5x 10.5x
PBR - - 1.04x 0.69x 0.71x 0.8x 0.78x 0.75x
PEG - -0.2x 0x -0x -1.72x -0.3x 2.84x 1x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 8.8x 8.4x 8.13x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 17.2x 16.5x 16x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 18.2x 17.4x 16.9x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 17.7x 16.6x 15.8x
EV / FCF 41.9x -32.8x 156x 23.3x - 51.4x 18.3x 18.1x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 1.95% 5.45% 5.54%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.644 3.685 3.793
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 4.82% 4.87% 5.02%
EPS 2 29.7 4.2 -11.4 10 9.6 6.303 6.558 7.223
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 57.8% 56.2% 52.5%
Net sales 1 185.6 197.9 220.7 239 212 221.3 231.7 239.5
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.7 219.1 226.6
EBIT 1 147 116.8 -201.2 302.2 290.9 214.5 229.6 242.8
Net income 1 668 95.1 -263.5 245.7 245.2 172.4 183.2 201
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,854 1,866 1,882
Reference price 2 116.40 75.80 85.20 60.50 66.00 75.60 75.60 75.60
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,751 - -
Announcement Date 1/19/22 1/19/23 1/18/24 1/16/25 1/22/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
43.9x19.9x24.72x2.93% 136B
24.19x19.62x22.43x1.03% 41.97B
35.29x16.51x23.34x3.04% 11.25B
25.59x14.27x20.85x3.02% 8.75B
426.44x10.98x15.51x4.57% 8.53B
37.19x16.93x25.79x2.93% 7.69B
35.69x11.89x16.16x4.02% 7.43B
22.39x13.48x18.81x4.45% 7.49B
8.78x19.74x22.31x4.91% 6.24B
Average 73.27x 15.93x 21.10x 3.43% 26.2B
Weighted average by Cap. 51.06x 18.60x 23.28x 2.79%

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