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ARGAN INC (AGX) Stock Fundamental Analysis

USA - NYSE:AGX - US04010E1091 - Common Stock

267.62 USD
-13.38 (-4.76%)
Last: 10/22/2025, 8:15:10 PM
267.62 USD
0 (0%)
After Hours: 10/22/2025, 8:15:10 PM
Fundamental Rating

7

AGX gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 55 industry peers in the Construction & Engineering industry. AGX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. AGX is growing strongly while it is still valued neutral. This is a good combination! These ratings would make AGX suitable for growth and quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

AGX had positive earnings in the past year.
AGX had a positive operating cash flow in the past year.
AGX had positive earnings in each of the past 5 years.
Of the past 5 years AGX 4 years had a positive operating cash flow.
AGX Yearly Net Income VS EBIT VS OCF VS FCFAGX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

1.2 Ratios

AGX has a Return On Assets of 13.28%. This is amongst the best in the industry. AGX outperforms 87.27% of its industry peers.
AGX has a Return On Equity of 29.81%. This is in the better half of the industry: AGX outperforms 80.00% of its industry peers.
AGX has a Return On Invested Capital of 21.07%. This is amongst the best in the industry. AGX outperforms 85.45% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AGX is below the industry average of 17.10%.
The 3 year average ROIC (12.29%) for AGX is below the current ROIC(21.07%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 13.28%
ROE 29.81%
ROIC 21.07%
ROA(3y)7.46%
ROA(5y)6.65%
ROE(3y)15.73%
ROE(5y)13.27%
ROIC(3y)12.3%
ROIC(5y)10.65%
AGX Yearly ROA, ROE, ROICAGX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

AGX's Profit Margin of 12.73% is amongst the best of the industry. AGX outperforms 89.09% of its industry peers.
In the last couple of years the Profit Margin of AGX has grown nicely.
With an excellent Operating Margin value of 12.75%, AGX belongs to the best of the industry, outperforming 89.09% of the companies in the same industry.
AGX's Operating Margin has been stable in the last couple of years.
The Gross Margin of AGX (18.79%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AGX has declined.
Industry RankSector Rank
OM 12.75%
PM (TTM) 12.73%
GM 18.79%
OM growth 3Y-0.64%
OM growth 5YN/A
PM growth 3Y9.24%
PM growth 5YN/A
GM growth 3Y-6.25%
GM growth 5YN/A
AGX Yearly Profit, Operating, Gross MarginsAGX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AGX is creating value.
AGX has more shares outstanding than it did 1 year ago.
The number of shares outstanding for AGX has been reduced compared to 5 years ago.
AGX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
AGX Yearly Shares OutstandingAGX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
AGX Yearly Total Debt VS Total AssetsAGX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 7.02 indicates that AGX is not in any danger for bankruptcy at the moment.
AGX's Altman-Z score of 7.02 is amongst the best of the industry. AGX outperforms 87.27% of its industry peers.
There is no outstanding debt for AGX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 7.02
ROIC/WACC2.11
WACC9.99%
AGX Yearly LT Debt VS Equity VS FCFAGX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.71 indicates that AGX should not have too much problems paying its short term obligations.
AGX's Current ratio of 1.71 is fine compared to the rest of the industry. AGX outperforms 80.00% of its industry peers.
AGX has a Quick Ratio of 1.71. This is a normal value and indicates that AGX is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.71, AGX belongs to the best of the industry, outperforming 89.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.71
AGX Yearly Current Assets VS Current LiabilitesAGX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

8

3. Growth

3.1 Past

AGX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 161.64%, which is quite impressive.
AGX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.55% yearly.
AGX shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.16%.
Measured over the past years, AGX shows a very strong growth in Revenue. The Revenue has been growing by 29.61% on average per year.
EPS 1Y (TTM)161.64%
EPS 3Y36.55%
EPS 5YN/A
EPS Q2Q%90.84%
Revenue 1Y (TTM)29.16%
Revenue growth 3Y19.72%
Revenue growth 5Y29.61%
Sales Q2Q%4.73%

3.2 Future

The Earnings Per Share is expected to grow by 18.03% on average over the next years. This is quite good.
AGX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.91% yearly.
EPS Next Y30.04%
EPS Next 2Y18.42%
EPS Next 3Y18.03%
EPS Next 5YN/A
Revenue Next Year15.35%
Revenue Next 2Y18.04%
Revenue Next 3Y18.91%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
AGX Yearly Revenue VS EstimatesAGX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
AGX Yearly EPS VS EstimatesAGX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 -2 4 6 8 10

4

4. Valuation

4.1 Price/Earnings Ratio

AGX is valuated quite expensively with a Price/Earnings ratio of 32.17.
AGX's Price/Earnings is on the same level as the industry average.
AGX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
AGX is valuated quite expensively with a Price/Forward Earnings ratio of 31.23.
AGX's Price/Forward Earnings is on the same level as the industry average.
AGX's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.09.
Industry RankSector Rank
PE 32.17
Fwd PE 31.23
AGX Price Earnings VS Forward Price EarningsAGX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

AGX's Enterprise Value to EBITDA is on the same level as the industry average.
63.64% of the companies in the same industry are more expensive than AGX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 26.34
EV/EBITDA 22.09
AGX Per share dataAGX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

AGX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AGX has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AGX's earnings are expected to grow with 18.03% in the coming years.
PEG (NY)1.07
PEG (5Y)N/A
EPS Next 2Y18.42%
EPS Next 3Y18.03%

6

5. Dividend

5.1 Amount

With a yearly dividend of 0.67%, AGX is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.65, AGX pays a better dividend. On top of this AGX pays more dividend than 94.55% of the companies listed in the same industry.
With a Dividend Yield of 0.67, AGX pays less dividend than the S&P500 average, which is at 2.32.
Industry RankSector Rank
Dividend Yield 0.67%

5.2 History

The dividend of AGX is nicely growing with an annual growth rate of 6.33%!
AGX has been paying a dividend for at least 10 years, so it has a reliable track record.
AGX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.33%
Div Incr Years3
Div Non Decr Years3
AGX Yearly Dividends per shareAGX Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

17.45% of the earnings are spent on dividend by AGX. This is a low number and sustainable payout ratio.
AGX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP17.45%
EPS Next 2Y18.42%
EPS Next 3Y18.03%
AGX Yearly Income VS Free CF VS DividendAGX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M
AGX Dividend Payout.AGX Dividend Payout, showing the Payout Ratio.AGX Dividend Payout.PayoutRetained Earnings

ARGAN INC

NYSE:AGX (10/22/2025, 8:15:10 PM)

After market: 267.62 0 (0%)

267.62

-13.38 (-4.76%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)09-04 2025-09-04/amc
Earnings (Next)12-03 2025-12-03/amc
Inst Owners89.18%
Inst Owner Change-0.24%
Ins Owners2.53%
Ins Owner Change-9.92%
Market Cap3.70B
Revenue(TTM)920.88M
Net Income(TTM)117.20M
Analysts74.29
Price Target252.45 (-5.67%)
Short Float %5.54%
Short Ratio1.84
Dividend
Industry RankSector Rank
Dividend Yield 0.67%
Yearly Dividend1.36
Dividend Growth(5Y)6.33%
DP17.45%
Div Incr Years3
Div Non Decr Years3
Ex-Date10-23 2025-10-23 (0.5)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.13%
Min EPS beat(2)45.34%
Max EPS beat(2)50.93%
EPS beat(4)4
Avg EPS beat(4)61.35%
Min EPS beat(4)45.34%
Max EPS beat(4)91.97%
EPS beat(8)7
Avg EPS beat(8)31.5%
EPS beat(12)9
Avg EPS beat(12)19.92%
EPS beat(16)11
Avg EPS beat(16)18.74%
Revenue beat(2)0
Avg Revenue beat(2)-2.28%
Min Revenue beat(2)-3.52%
Max Revenue beat(2)-1.04%
Revenue beat(4)2
Avg Revenue beat(4)8.94%
Min Revenue beat(4)-3.52%
Max Revenue beat(4)23.76%
Revenue beat(8)5
Avg Revenue beat(8)9.32%
Revenue beat(12)5
Avg Revenue beat(12)3.51%
Revenue beat(16)6
Avg Revenue beat(16)2.15%
PT rev (1m)0%
PT rev (3m)8.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.62%
EPS NY rev (1m)17.59%
EPS NY rev (3m)19.92%
Revenue NQ rev (1m)-0.52%
Revenue NQ rev (3m)-2.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.88%
Valuation
Industry RankSector Rank
PE 32.17
Fwd PE 31.23
P/S 4.01
P/FCF 26.34
P/OCF 25.26
P/B 9.4
P/tB 10.17
EV/EBITDA 22.09
EPS(TTM)8.32
EY3.11%
EPS(NY)8.57
Fwd EY3.2%
FCF(TTM)10.16
FCFY3.8%
OCF(TTM)10.59
OCFY3.96%
SpS66.68
BVpS28.47
TBVpS26.32
PEG (NY)1.07
PEG (5Y)N/A
Graham Number73
Profitability
Industry RankSector Rank
ROA 13.28%
ROE 29.81%
ROCE 29.47%
ROIC 21.07%
ROICexc N/A
ROICexgc N/A
OM 12.75%
PM (TTM) 12.73%
GM 18.79%
FCFM 15.24%
ROA(3y)7.46%
ROA(5y)6.65%
ROE(3y)15.73%
ROE(5y)13.27%
ROIC(3y)12.3%
ROIC(5y)10.65%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)17.2%
ROCE(5y)14.9%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-0.64%
OM growth 5YN/A
PM growth 3Y9.24%
PM growth 5YN/A
GM growth 3Y-6.25%
GM growth 5YN/A
F-Score9
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 97.36%
Cap/Sales 0.65%
Interest Coverage 250
Cash Conversion 118.4%
Profit Quality 119.7%
Current Ratio 1.71
Quick Ratio 1.71
Altman-Z 7.02
F-Score9
WACC9.99%
ROIC/WACC2.11
Cap/Depr(3y)90.71%
Cap/Depr(5y)68.33%
Cap/Sales(3y)0.66%
Cap/Sales(5y)0.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)161.64%
EPS 3Y36.55%
EPS 5YN/A
EPS Q2Q%90.84%
EPS Next Y30.04%
EPS Next 2Y18.42%
EPS Next 3Y18.03%
EPS Next 5YN/A
Revenue 1Y (TTM)29.16%
Revenue growth 3Y19.72%
Revenue growth 5Y29.61%
Sales Q2Q%4.73%
Revenue Next Year15.35%
Revenue Next 2Y18.04%
Revenue Next 3Y18.91%
Revenue Next 5YN/A
EBIT growth 1Y162.16%
EBIT growth 3Y18.95%
EBIT growth 5YN/A
EBIT Next Year80.79%
EBIT Next 3Y40.69%
EBIT Next 5YN/A
FCF growth 1Y144%
FCF growth 3Y81.34%
FCF growth 5Y28.2%
OCF growth 1Y138.66%
OCF growth 3Y80.71%
OCF growth 5Y25.61%