(AGX) Argan - Overview
Stock: Power, Construction, Telecom, Engineering, Maintenance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.76% |
| Yield on Cost 5y | 4.45% |
| Yield CAGR 5y | 21.32% |
| Payout Consistency | 92.1% |
| Payout Ratio | 20.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 71.6% |
| Relative Tail Risk | -9.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.64 |
| Alpha | 140.20 |
| Character TTM | |
|---|---|
| Beta | 1.503 |
| Beta Downside | 1.249 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.75% |
| CAGR/Max DD | 2.48 |
Description: AGX Argan January 12, 2026
Argan Inc. (NYSE: AGX) delivers end-to-end engineering, procurement, construction, commissioning, and maintenance services to the power-generation sector across the United States, Ireland, and the United Kingdom. Its core offering is the Power Industry Services segment, which designs, builds, and operates large-scale renewable assets-including biomass, wind, solar, and battery-storage projects-for independent owners, utilities, and equipment suppliers.
The Industrial Construction Services segment supports new plant builds, turnarounds, and emergency mobilizations, providing field services and the delivery/installation of steel structures such as piping systems and pressure vessels. Meanwhile, the Telecommunications Infrastructure Services segment focuses on trenchless boring, aerial cabling, high- and low-voltage lines, and structured-cabling solutions for utilities, municipalities, and federal customers in the Mid-Atlantic U.S.
Recent company filings (Q4 2023) show a 12% YoY increase in total revenue to $475 million, driven largely by a $210 million backlog of renewable-energy EPC contracts-approximately 45% of which are tied to U.S. tax-credit-eligible projects. The segment’s gross margin expanded to 14.8% from 13.2% a year earlier, reflecting improved pricing power amid rising labor costs and material inflation. Outside of company-specific data, sector-wide trends such as the U.S. Inflation Reduction Act’s $369 billion clean-energy incentive package and the EU’s “Fit for 55” roadmap are expected to sustain demand for the types of services Argan provides.
For a deeper quantitative view, the ValueRay platform offers a granular breakdown of AGX’s financial metrics and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 119.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.27 > 0.02 and ΔFCF/TA 8.49 > 1.0 |
| NWC/Revenue: 41.23% < 20% (prev 34.85%; Δ 6.39% < -1%) |
| CFO/TA 0.27 > 3% & CFO 287.0m > Net Income 119.9m |
| Net Debt (-303.7m) to EBITDA (128.9m): -2.36 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.2m) vs 12m ago 0.88% < -2% |
| Gross Margin: 19.20% > 18% (prev 0.14%; Δ 1906 % > 0.5%) |
| Asset Turnover: 100.6% > 50% (prev 104.9%; Δ -4.30% > 0%) |
| Interest Coverage Ratio: -1.81 > 6 (EBITDA TTM 128.9m / Interest Expense TTM -51.1m) |
Altman Z'' 4.78
| A: 0.36 (Total Current Assets 997.2m - Total Current Liabilities 619.9m) / Total Assets 1.05b |
| B: 0.35 (Retained Earnings 364.0m / Total Assets 1.05b) |
| C: 0.10 (EBIT TTM 92.6m / Avg Total Assets 909.9m) |
| D: 0.58 (Book Value of Equity 366.2m / Total Liabilities 631.2m) |
| Altman-Z'' Score: 4.78 = AA |
Beneish M -3.50
| DSRI: 0.96 (Receivables 213.4m/195.2m, Revenue 915.0m/806.3m) |
| GMI: 0.75 (GM 19.20% / 14.39%) |
| AQI: 0.75 (AQ_t 0.03 / AQ_t-1 0.04) |
| SGI: 1.13 (Revenue 915.0m / 806.3m) |
| TATA: -0.16 (NI 119.9m - CFO 287.0m) / TA 1.05b) |
| Beneish M-Score: -3.50 (Cap -4..+1) = AA |
What is the price of AGX shares?
Over the past week, the price has changed by -1.81%, over one month by +6.62%, over three months by +11.96% and over the past year by +161.66%.
Is AGX a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AGX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 361 | 4% |
| Analysts Target Price | 361 | 4% |
| ValueRay Target Price | 486.5 | 40.2% |
AGX Fundamental Data Overview January 31, 2026
P/S = 5.3901
P/B = 11.7513
Revenue TTM = 915.0m USD
EBIT TTM = 92.6m USD
EBITDA TTM = 128.9m 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 = 4.63b USD (4.93b + Debt 2.63m - CCE 306.3m)
Interest Coverage Ratio = -1.81 (Ebit TTM 92.6m / Interest Expense TTM -51.1m)
EV/FCF = 16.36x (Enterprise Value 4.63b / FCF TTM 283.0m)
FCF Yield = 6.11% (FCF TTM 283.0m / Enterprise Value 4.63b)
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 = 4.40 (Enterprise Value 4.63b / Total Assets 1.05b)
Interest Expense / Debt = 23.95% (Interest Expense 629.0k / Debt 2.63m)
Taxrate = 22.57% (8.96m / 39.7m)
NOPAT = 71.7m (EBIT 92.6m * (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 128.9m)
Debt / FCF = -1.07 (Net Debt -303.7m / FCF TTM 283.0m)
Total Stockholder Equity = 382.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 13.18% (Net Income 119.9m / Total Assets 1.05b)
RoE = 31.38% (Net Income TTM 119.9m / Total Stockholder Equity 382.2m)
RoCE = 24.07% (EBIT 92.6m / Capital Employed (Equity 382.2m + L.T.Debt 2.63m))
RoIC = 18.77% (NOPAT 71.7m / Invested Capital 382.2m)
WACC = 11.45% (E(4.93b)/V(4.93b) * Re(11.45%) + D(2.63m)/V(4.93b) * Rd(23.95%) * (1-Tc(0.23)))
Discount Rate = 11.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.18%
[DCF Debug] Terminal Value 65.76% ; FCFF base≈226.5m ; Y1≈218.2m ; Y5≈214.3m
Fair Price DCF = 186.2 (EV 2.28b - Net Debt -303.7m = Equity 2.58b / Shares 13.9m; r=11.45% [WACC]; 5y FCF grow -4.94% → 2.90% )
EPS Correlation: 51.45 | EPS CAGR: -39.21% | SUE: -4.0 | # QB: 0
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%