(ARG) Argan - Ratings and Ratios
Logistics Warehouses, Storage Parks, Properties
Description: ARG Argan
Argan SA (PA:ARG) is a French industrial REITs company, classified under the GICS Sub Industry. As a REIT, Argan SA is expected to distribute a significant portion of its income to shareholders, making dividend yield a key metric for investors. The companys financial performance is influenced by factors such as rental income, property valuations, and debt levels.
To evaluate Argan SAs financial health, we can examine key performance indicators (KPIs) such as Funds From Operations (FFO) per share, Net Operating Income (NOI) margin, and debt-to-equity ratio. A stable or increasing FFO per share indicates a companys ability to generate cash from its operations, while a high NOI margin suggests efficient property management. A reasonable debt-to-equity ratio is crucial for REITs, as high leverage can amplify risks.
Economic drivers that impact Argan SAs business include interest rates, GDP growth, and demand for industrial properties. In a low-interest-rate environment, REITs tend to perform well as investors seek yield. GDP growth can boost demand for industrial spaces, driving rental income and property valuations. The French economys performance, in particular, will influence Argan SAs financials, given its country of origin.
Investors should monitor Argan SAs valuation multiples, such as the Price-to-FFO ratio, to assess whether the stock is reasonably priced. A low P/E ratio, as seen in the fundamental data, may indicate undervaluation or underlying issues with the companys earnings. Return on Equity (RoE) is another critical metric; a negative RoE, as reported, suggests that the company is currently unprofitable, warranting further investigation into the causes and potential for recovery.
ARG Stock Overview
| Market Cap in USD | 1,941m |
| Sub-Industry | Industrial REITs |
| IPO / Inception |
ARG Stock Ratings
| Growth Rating | -18.7% |
| Fundamental | 76.7% |
| Dividend Rating | 71.7% |
| Return 12m vs S&P 500 | -22.9% |
| Analyst Rating | - |
ARG Dividends
| Dividend Yield 12m | 5.17% |
| Yield on Cost 5y | 4.45% |
| Annual Growth 5y | 10.64% |
| Payout Consistency | 86.5% |
| Payout Ratio | 28.8% |
ARG Growth Ratios
| Growth Correlation 3m | 78.8% |
| Growth Correlation 12m | -1.4% |
| Growth Correlation 5y | -53.7% |
| CAGR 5y | -2.64% |
| CAGR/Max DD 5y | -0.06 |
| Sharpe Ratio 12m | -0.19 |
| Alpha | -17.70 |
| Beta | 0.267 |
| Volatility | 25.69% |
| Current Volume | 13.7k |
| Average Volume 20d | 11.5k |
| Stop Loss | 62.7 (-3.1%) |
| Signal | -0.75 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-17.7m TTM) > 0 and > 6% of Revenue (6% = 27.6m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 5.10pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -10.28% (prev -57.09%; Δ 46.82pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 360.0m > Net Income -17.7m (YES >=105%, WARN >=100%) |
| Net Debt (1.78b) to EBITDA (358.5m) ratio: 4.98 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.77 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (25.4m) change vs 12m ago NaN% (target <= -2.0% for YES) |
| Gross Margin 82.37% (prev 81.40%; Δ 0.98pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 11.04% (prev 4.86%; Δ 6.17pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 7.63 (EBITDA TTM 358.5m / Interest Expense TTM 46.9m) >= 6 (WARN >= 3) |
Altman Z'' 0.85
| (A) -0.01 = (Total Current Assets 156.9m - Total Current Liabilities 204.2m) / Total Assets 4.26b |
| (B) 0.06 = Retained Earnings (Balance) 245.7m / Total Assets 4.26b |
| (C) 0.09 = EBIT TTM 357.9m / Avg Total Assets 4.17b |
| (D) 0.15 = Book Value of Equity 296.5m / Total Liabilities 2.00b |
| Total Rating: 0.85 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 76.68
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 10.78% = 5.0 |
| 3. FCF Margin 78.21% = 7.50 |
| 4. Debt/Equity 0.79 = 2.20 |
| 5. Debt/Ebitda 4.89 = -2.50 |
| 6. ROIC - WACC 8.72% = 10.90 |
| 7. RoE -0.88% = -0.15 |
| 8. Rev. Trend 54.24% = 2.71 |
| 9. Rev. CAGR 1.98% = 0.25 |
| 10. EPS Trend -29.35% = -0.73 |
| 11. EPS CAGR 56.47% = 2.50 |
What is the price of ARG shares?
Over the past week, the price has changed by -5.96%, over one month by -0.92%, over three months by +0.31% and over the past year by -9.85%.
Is Argan a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ARG is around 61.44 EUR . This means that ARG is currently overvalued and has a potential downside of -5.04%.
Is ARG a buy, sell or hold?
What are the forecasts/targets for the ARG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 80.7 | 24.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 67.6 | 4.5% |
ARG Fundamental Data Overview
Market Cap EUR = 1.67b (1.67b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 85.7m EUR (Cash And Short Term Investments, last quarter)
P/E Trailing = 5.6359
P/S = 6.7494
P/B = 0.7266
Beta = 0.775
Revenue TTM = 459.9m EUR
EBIT TTM = 357.9m EUR
EBITDA TTM = 358.5m EUR
Long Term Debt = 1.66b EUR (from longTermDebt, last quarter)
Short Term Debt = 98.6m EUR (from shortTermDebt, last quarter)
Debt = 1.75b EUR (Calculated: Short Term 98.6m + Long Term 1.66b)
Net Debt = 1.78b EUR (from netDebt column, last quarter)
Enterprise Value = 3.34b EUR (1.67b + Debt 1.75b - CCE 85.7m)
Interest Coverage Ratio = 7.63 (Ebit TTM 357.9m / Interest Expense TTM 46.9m)
FCF Yield = 10.78% (FCF TTM 359.7m / Enterprise Value 3.34b)
FCF Margin = 78.21% (FCF TTM 359.7m / Revenue TTM 459.9m)
Net Margin = -3.86% (Net Income TTM -17.7m / Revenue TTM 459.9m)
Gross Margin = 82.37% ((Revenue TTM 459.9m - Cost of Revenue TTM 81.1m) / Revenue TTM)
Tobins Q-Ratio = 11.25 (Enterprise Value 3.34b / Book Value Of Equity 296.5m)
Interest Expense / Debt = 1.36% (Interest Expense 23.9m / Debt 1.75b)
Taxrate = -0.02% (set to none) (from yearly Income Tax Expense: -50.0k / 249.6m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.77 (Total Current Assets 156.9m / Total Current Liabilities 204.2m)
Debt / Equity = 0.79 (Debt 1.75b / last Quarter total Stockholder Equity 2.23b)
Debt / EBITDA = 4.89 (Net Debt 1.78b / EBITDA 358.5m)
Debt / FCF = 4.88 (Debt 1.75b / FCF TTM 359.7m)
Total Stockholder Equity = 2.02b (last 4 quarters mean)
RoA = -0.42% (Net Income -17.7m, Total Assets 4.26b )
RoE = -0.88% (Net Income TTM -17.7m / Total Stockholder Equity 2.02b)
RoCE = 9.74% (Ebit 357.9m / (Equity 2.02b + L.T.Debt 1.66b))
RoIC = 8.72% (Ebit 357.9m / (Assets 4.26b - Current Assets 156.9m))
WACC = unknown (E(1.67b)/V(3.42b) * Re(7.0%)) + (D(1.75b)/V(3.42b) * Rd(1.36%) * (1-Tc(none)))
Shares Correlation 5-Years: 90.0 | Cagr: 3.28%
Discount Rate = 7.0% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 70.58% ; FCFE base≈270.1m ; Y1≈178.3m ; Y5≈82.4m
Fair Price DCF = 62.89 (DCF Value 1.62b / Shares Outstanding 25.7m; 5y FCF grow -39.60% → 3.0% )
Revenue Correlation: 54.24 | Revenue CAGR: 1.98%
Rev Growth-of-Growth: 39.23
EPS Correlation: -29.35 | EPS CAGR: 56.47%
EPS Growth-of-Growth: 61.00