Valuation Argan London S.E.

Stocks

Market Closed - London S.E. 03:12:38 2026-08-18 EDT			5-day change	1st Jan Change
71.20 ^EUR	-2.86%		-1.03%	+8.37%

08-19	Carnegie Nordic Real Estate Fund rose 2.14 percent in July, invested in JM after sharp share-price drop	FW
08-07	PriorNilsson Fastighet rose 2.96 percent in July, interest-rate levels still attractive	FW

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	1,895	-	-
Change	-	-33.86%	12.99%	-21.81%	10.5%	11.65%	-	-
Enterprise Value (EV) ¹	4,325	3,616	3,922	3,236	3,391	3,744	3,758	3,777
Change	-	-16.39%	8.45%	-17.48%	4.77%	10.41%	0.37%	0.51%
P/E	3.92x	18x	-7.47x	6.05x	6.88x	10.8x	10.6x	9.89x
PBR	-	-	1.04x	0.69x	0.71x	0.77x	0.75x	0.72x
PEG	-	-0.2x	0x	-0x	-1.72x	-0.4x	5.13x	1.43x
Capitalization / Revenue	14.2x	8.79x	8.9x	6.43x	8.01x	8.56x	8.16x	7.88x
EV / Revenue	23.3x	18.3x	17.8x	13.5x	16x	16.9x	16.2x	15.7x
EV / EBITDA	29.4x	24x	22.8x	17.4x	17x	17.9x	17.1x	16.5x
EV / EBIT	29.4x	31x	-19.5x	10.7x	11.7x	16.4x	15.4x	15x
EV / FCF	41.9x	-32.8x	156x	23.3x	-	50.6x	18.1x	17.8x
FCF Yield	2.39%	-3.05%	0.64%	4.29%	-	1.98%	5.54%	5.61%
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%	4.95%	5.01%	5.16%
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	221.3	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	1,848	1,862	1,881
Reference price ²	116.40	75.80	85.20	60.50	66.00	73.60	73.60	73.60
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
PROLOGIS, INC.	43.05x	19.87x	25.38x	2.99%	136B
GOODMAN GROUP	17.4x	15.92x	18.12x	1.09%	40.3B
EASTGROUP PROPERTIES, INC.	34.26x	15.99x	22.62x	3.15%	10.86B
FIRST INDUSTRIAL REALTY TRUST, INC.	24.6x	13.9x	20.29x	3.14%	8.41B
REXFORD INDUSTRIAL REALTY, INC.	625.96x	9.46x	13.33x	4.65%	8.38B
FIBRA PROLOGIS	21.74x	13.27x	17.41x	4.45%	7.44B
TERRENO REALTY CORPORATION	32.66x	16.8x	25.5x	3.17%	7.51B
STAG INDUSTRIAL, INC.	33.76x	11.57x	15.78x	4.17%	7.14B
TRITAX BIG BOX REIT PLC	8.68x	19.39x	22.1x	5.3%	6.32B
Average	93.57x	15.13x	20.06x	3.57%	25.84B
Weighted average by Cap.	56.28x	17.84x	22.74x	2.88%