Overview Dividends

(AGX) Argan - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US04010E1091

Engineering, Procurement, Construction, Maintenance, Commissioning

Construction & Engineering
Market Cap in USD: 4,587m

IPO / Inception: 1995-08-18
Return 12m vs S&P 500: 95.7%

EPS (Earnings per Share)

EPS CAGR: 107.69%
EPS Trend: 82.5%

Last SUE: 1.08
Qual. Beats: 6

Revenue

Rev. CAGR: 20.30%
Rev. Trend: 90.7%

Last SUE: -0.72
Qual. Beats: 0

Dividends

Dividend Yield	0.52%
Yield on Cost 5y	4.13%
Yield CAGR 5y	-20.86%
Payout Consistency	91.5%
Payout Ratio	19.1%

Risk via 5d forecast
Volatility	75.4%
Value at Risk 5%th	111%
Relative Tail Risk	-10.75%

Reward TTM
Sharpe Ratio	1.39
Alpha	97.86
CAGR/Max DD	2.53

Character TTM
Hurst Exponent	0.355
Beta	1.589
Beta Downside	1.343

Drawdowns 3y
Max DD	43.75%
Mean DD	6.87%
Median DD	4.18%

Description: AGX Argan November 09, 2025

Argan, Inc. (NYSE:AGX) delivers end-to-end engineering, procurement, construction, commissioning, and maintenance services to the U.S., Irish, and U.K. power-generation markets. Its Power Industry Services unit builds and operates large-scale renewable assets-including biomass, wind, solar and battery storage-while also providing technical consulting to independent power producers, utilities, and equipment suppliers.

The Industrial Construction Services segment focuses on field support for new plant builds, turnarounds, shutdowns, and the delivery/installation of steel infrastructure such as piping and pressure vessels. Meanwhile, the Telecommunications Infrastructure Services segment offers trenchless boring, aerial cabling, high- and low-voltage line installation, and structured-cabling solutions for utilities, municipal agencies, and federal customers in the U.S. mid-Atlantic region. Recent data shows the company generated $1.2 billion in revenue in FY 2023, with a backlog of roughly $850 million-indicating strong order flow amid a 12 % YoY increase in U.S. renewable-energy capex and a tightening labor market that is driving higher EPC pricing.

For a deeper quantitative view of AGX’s valuation and risk profile, consider exploring the analytics available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (119.9m TTM) > 0 and > 6% of Revenue (6% = 54.9m TTM)

FCFTA 0.27 (>2.0%) and ΔFCFTA 8.49pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 41.23% (prev 34.85%; Δ 6.39pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.27 (>3.0%) and CFO 287.0m > Net Income 119.9m (YES >=105%, WARN >=100%)

Net Debt (-303.7m) to EBITDA (128.4m) ratio: -2.36 <= 3.0 (WARN <= 3.5)

Current Ratio 1.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (14.2m) change vs 12m ago 0.88% (target <= -2.0% for YES)

Gross Margin 19.20% (prev 14.39%; Δ 4.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 100.6% (prev 104.9%; Δ -4.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.72 (EBITDA TTM 128.4m / Interest Expense TTM -83.8m) >= 6 (WARN >= 3)

Altman Z'' 4.54

(A) 0.36 = (Total Current Assets 997.2m - Total Current Liabilities 619.9m) / Total Assets 1.05b

(B) 0.35 = Retained Earnings (Balance) 364.0m / Total Assets 1.05b

(D) 0.58 = Book Value of Equity 366.2m / Total Liabilities 631.2m

Total Rating: 4.54 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 80.58

1. Piotroski 6.0pt

2. FCF Yield 6.61%

3. FCF Margin 30.93%

4. Debt/Equity 0.01

5. Debt/Ebitda -2.36

6. ROIC - WACC (= 0.28)%

7. RoE 31.38%

8. Rev. Trend 90.68%

9. EPS Trend 82.50%

What is the price of AGX shares?

As of December 20, 2025, the stock is trading at USD 313.90 with a total of 281,333 shares traded.
Over the past week, the price has changed by -5.05%, over one month by -8.85%, over three months by +21.15% and over the past year by +128.59%.

Is AGX a buy, sell or hold?

Argan has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy AGX.

Strong Buy: 1
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the AGX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	361	15%
Analysts Target Price	361	15%
ValueRay Target Price	433.8	38.2%

AGX Fundamental Data Overview December 13, 2025

Market Cap USD = 4.59b (4.59b USD * 1.0 USD.USD)
P/E Trailing = 38.3082
P/S = 5.0125
P/B = 10.7682
Beta = 0.591
Revenue TTM = 915.0m USD
EBIT TTM = 60.0m USD
EBITDA TTM = 128.4m USD
Long Term Debt = 2.63m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.63m USD (from shortTermDebt, last quarter)
Debt = 2.63m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -303.7m USD (from netDebt column, last quarter)
Enterprise Value = 4.28b USD (4.59b + Debt 2.63m - CCE 306.3m)
Interest Coverage Ratio = -0.72 (Ebit TTM 60.0m / Interest Expense TTM -83.8m)
FCF Yield = 6.61% (FCF TTM 283.0m / Enterprise Value 4.28b)
FCF Margin = 30.93% (FCF TTM 283.0m / Revenue TTM 915.0m)
Net Margin = 13.11% (Net Income TTM 119.9m / Revenue TTM 915.0m)
Gross Margin = 19.20% ((Revenue TTM 915.0m - Cost of Revenue TTM 739.3m) / Revenue TTM)
Gross Margin QoQ = 18.69% (prev 18.62%)
Tobins Q-Ratio = 4.08 (Enterprise Value 4.28b / Total Assets 1.05b)
Interest Expense / Debt = 23.95% (Interest Expense 629.0k / Debt 2.63m)
Taxrate = 22.57% (8.96m / 39.7m)
NOPAT = 46.4m (EBIT 60.0m * (1 - 22.57%))
Current Ratio = 1.61 (Total Current Assets 997.2m / Total Current Liabilities 619.9m)
Debt / Equity = 0.01 (Debt 2.63m / totalStockholderEquity, last quarter 419.7m)
Debt / EBITDA = -2.36 (Net Debt -303.7m / EBITDA 128.4m)
Debt / FCF = -1.07 (Net Debt -303.7m / FCF TTM 283.0m)
Total Stockholder Equity = 382.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.41% (Net Income 119.9m / Total Assets 1.05b)
RoE = 31.38% (Net Income TTM 119.9m / Total Stockholder Equity 382.2m)
RoCE = 15.59% (EBIT 60.0m / Capital Employed (Equity 382.2m + L.T.Debt 2.63m))
RoIC = 12.15% (NOPAT 46.4m / Invested Capital 382.2m)
WACC = 11.87% (E(4.59b)/V(4.59b) * Re(11.87%) + D(2.63m)/V(4.59b) * Rd(23.95%) * (1-Tc(0.23)))
Discount Rate = 11.87% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.18%
[DCF Debug] Terminal Value 64.80% ; FCFE base≈226.5m ; Y1≈218.2m ; Y5≈214.9m
Fair Price DCF = 158.4 (DCF Value 2.20b / Shares Outstanding 13.9m; 5y FCF grow -4.94% → 3.0% )
EPS Correlation: 82.50 | EPS CAGR: 107.7% | SUE: 1.08 | # QB: 6
Revenue Correlation: 90.68 | Revenue CAGR: 20.30% | SUE: -0.72 | # QB: 0
EPS next Quarter (2026-04-30): EPS=1.82 | Chg30d=-0.100 | Revisions Net=-1 | Analysts=2
EPS next Year (2027-01-31): EPS=9.55 | Chg30d=+1.053 | Revisions Net=+3 | Growth EPS=+14.2% | Growth Revenue=+28.1%

Additional Sources for AGX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle