Company Valuation: Argan

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 1,684 - -
Change - -33.86% 12.99% -21.81% 10.5% -0.79% - -
Enterprise Value (EV) 1 4,325 3,616 3,922 3,236 3,391 3,538 3,550 3,566
Change - -16.39% 8.45% -17.48% 4.77% 4.35% 0.35% 0.44%
P/E 3.92x 18x -7.47x 6.05x 6.88x 10.4x 9.97x 9.05x
PBR - - 1.04x 0.69x 0.71x 0.69x 0.68x 0.65x
PEG - -0.2x 0x -0x -1.72x -0.3x 2.46x 0.9x
Capitalization / Revenue 14.2x 8.79x 8.9x 6.43x 8.01x 7.61x 7.27x 7.03x
EV / Revenue 23.3x 18.3x 17.8x 13.5x 16x 16x 15.3x 14.9x
EV / EBITDA 29.4x 24x 22.8x 17.4x 17x 17x 16.2x 15.7x
EV / EBIT 29.4x 31x -19.5x 10.7x 11.7x 16.5x 15.5x 14.7x
EV / FCF 41.9x -32.8x 156x 23.3x - 47.8x 17.1x 16.8x
FCF Yield 2.39% -3.05% 0.64% 4.29% - 2.09% 5.86% 5.94%
Dividend per Share 2 2.6 3 3.15 3.3 3.45 3.587 3.685 3.793
Rate of return 2.23% 3.96% 3.7% 5.45% 5.23% 5.48% 5.63% 5.8%
EPS 2 29.7 4.2 -11.4 10 9.6 6.303 6.558 7.223
Distribution rate 8.75% 71.4% -27.6% 33% 35.9% 56.9% 56.2% 52.5%
Net sales 1 185.6 197.9 220.7 239 212 221.3 231.7 239.5
EBITDA 1 147.1 150.5 172.1 185.7 199.9 208.7 219.1 226.6
EBIT 1 147 116.8 -201.2 302.2 290.9 214.5 229.6 242.8
Net income 1 668 95.1 -263.5 245.7 245.2 172.4 183.2 201
Net Debt 1 1,696 1,877 1,957 1,700 1,693 1,854 1,866 1,882
Reference price 2 116.40 75.80 85.20 60.50 66.00 65.40 65.40 65.40
Nbr of stocks (in thousands) 22,587 22,940 23,059 25,392 25,721 25,751 - -
Announcement Date 19/1/22 19/1/23 18/1/24 16/1/25 22/1/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.38x15.99x16.96x5.48% 1.91B
43.58x19.79x24.58x2.95% 135B
24.27x19.66x22.5x1.03% 41.89B
36.61x16.76x23.68x2.96% 11.49B
28.97x14.23x20.5x3.02% 8.79B
28.44x11.51x16.35x4.85% 8.06B
36.23x12.12x16.68x3.81% 7.74B
37.05x16.87x25.69x2.94% 7.66B
15.77x13.48x17.44x4.53% 7.3B
8.64x19.55x22.09x4.99% 6.08B
Average 27.00x 16.00x 20.65x 3.66% 23.63B
Weighted average by Cap. 36.28x 18.55x 23.16x 2.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield