Company Valuation: Cementos Argos S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2025 2026 2027 2028
Market Cap 1 7,151,625 4,213,723 7,151,361 13,844,477 13,962,869 - -
Change - -41.08% 69.72% - 0.86% - -
Enterprise Value (EV) 1 13,682,478 11,160,018 13,415,951 7,509,884 8,575,325 8,851,829 8,965,810
Change - -18.44% 20.21% - 14.19% 3.22% 1.29%
P/E 16.6x 29.6x 22.3x 5.52x 21.9x 20x 18.9x
PBR 0.91x 0.38x 0.85x 1.31x 1.4x 1.39x 1.39x
PEG - -0.4x 0x - -0.3x 2.14x 2.99x
Capitalization / Revenue 0.73x 0.36x 0.56x 2.69x 2.63x 2.44x 2.24x
EV / Revenue 1.39x 0.96x 1.05x 1.46x 1.62x 1.55x 1.44x
EV / EBITDA 6.35x 5.22x 5x 5.89x 6.75x 6.26x 5.72x
EV / EBIT 11.1x 9.49x 8.18x 11.3x 10.3x 9.42x 8.46x
EV / FCF 15.1x 15.9x 10.3x 21.6x 14.8x 24.8x 14.4x
FCF Yield 6.62% 6.29% 9.74% 4.62% 6.74% 4.04% 6.94%
Dividend per Share 2 127.6 210.9 - 385 444.8 455.1 510.8
Rate of return 2.09% 5.86% - 3.58% 3.87% 3.96% 4.44%
EPS 2 368.3 121.6 273.5 1,948 524.8 573.8 610
Distribution rate 34.6% 173% - 19.8% 84.8% 79.3% 83.7%
Net sales 1 9,817,689 11,684,055 12,717,345 5,155,682 5,306,189 5,722,300 6,228,966
EBITDA 1 2,156,154 2,138,086 2,683,972 1,274,741 1,270,098 1,414,991 1,568,740
EBIT 1 1,235,013 1,176,346 1,640,441 661,730 828,929 939,626 1,059,917
Net income 1 431,132 142,287 319,945 2,505,553 595,765 671,679 718,937
Net Debt 1 6,530,853 6,946,295 6,264,590 -6,334,593 -5,387,545 -5,111,040 -4,997,060
Reference price 2 6,110.00 3,600.00 6,110.00 10,760.00 11,500.00 11,500.00 11,500.00
Nbr of stocks (in thousands) 1,170,479 1,170,479 1,170,435 1,286,661 1,214,163 - -
Announcement Date 2/17/22 2/21/23 2/21/24 2/19/26 - - -
1COP in Million2COP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.91x1.62x6.75x3.87% 4.4B
17.67x2.43x9.64x2.92% 43.1B
34.24x6.03x18.22x0.69% 35.57B
32.7x3.39x17.41x1.02% 33.81B
29.63x4.55x15.41x0.81% 33.38B
11.42x1.38x6.43x2.69% 28.48B
67.36x4.18x64.7x0.34% 20.87B
17.32x5.43x11.37x2.59% 20.11B
15.52x1.95x7.91x1.41% 20.78B
11.17x1.17x5.71x0.97% 14.97B
Average 25.89x 3.21x 16.35x 1.73% 25.55B
Weighted average by Cap. 26.38x 3.47x 16.47x 1.6%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cementos Argos S.A.

Historical PBR trend

Valuation ratios - PBR - Cementos Argos S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cementos Argos S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cementos Argos S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cementos Argos S.A.
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