ARGAN (ARG.PA) Stock Fundamental Analysis

EPA:ARG • FR0010481960

71.1 EUR
+1 (+1.43%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

ARG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. While ARG has a great profitability rating, there are quite some concerns on its financial health. ARG may be a bit undervalued, certainly considering the very reasonable score on growth Finally ARG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year ARG was profitable.
  • In the past year ARG had a positive cash flow from operations.
  • ARG had positive earnings in 4 of the past 5 years.
  • In the past 5 years ARG always reported a positive cash flow from operatings.
ARG.PA Yearly Net Income VS EBIT VS OCF VS FCFARG.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

1.2 Ratios

  • ARG's Return On Assets of 6.76% is amongst the best of the industry. ARG outperforms 97.62% of its industry peers.
  • With an excellent Return On Equity value of 12.66%, ARG belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
  • The Return On Invested Capital of ARG (3.48%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ARG is in line with the industry average of 3.46%.
  • The last Return On Invested Capital (3.48%) for ARG is above the 3 year average (3.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.76%
ROE 12.66%
ROIC 3.48%
ROA(3y)0.48%
ROA(5y)4.9%
ROE(3y)0.46%
ROE(5y)10.33%
ROIC(3y)3.13%
ROIC(5y)3.04%
ARG.PA Yearly ROA, ROE, ROICARG.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 139.56%, ARG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ARG has declined.
  • With an excellent Operating Margin value of 92.83%, ARG belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ARG has grown nicely.
Industry RankSector Rank
OM 92.83%
PM (TTM) 139.56%
GM N/A
OM growth 3Y-0.31%
OM growth 5Y17.53%
PM growth 3Y-33.91%
PM growth 5Y-10.3%
GM growth 3YN/A
GM growth 5YN/A
ARG.PA Yearly Profit, Operating, Gross MarginsARG.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 300 400

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3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ARG is destroying value.
  • The number of shares outstanding for ARG has been increased compared to 1 year ago.
  • Compared to 5 years ago, ARG has more shares outstanding
  • Compared to 1 year ago, ARG has an improved debt to assets ratio.
ARG.PA Yearly Shares OutstandingARG.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
ARG.PA Yearly Total Debt VS Total AssetsARG.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.33, we must say that ARG is in the distress zone and has some risk of bankruptcy.
  • ARG's Altman-Z score of 1.33 is amongst the best of the industry. ARG outperforms 85.71% of its industry peers.
  • ARG has a debt to FCF ratio of 9.50. This is a negative value and a sign of low solvency as ARG would need 9.50 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 9.50, ARG belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • A Debt/Equity ratio of 0.76 indicates that ARG is somewhat dependend on debt financing.
  • ARG has a Debt to Equity ratio (0.76) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 9.5
Altman-Z 1.33
ROIC/WACC0.59
WACC5.86%
ARG.PA Yearly LT Debt VS Equity VS FCFARG.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 0.52 indicates that ARG may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.52, ARG is in line with its industry, outperforming 54.76% of the companies in the same industry.
  • A Quick Ratio of 0.52 indicates that ARG may have some problems paying its short term obligations.
  • ARG's Quick ratio of 0.52 is in line compared to the rest of the industry. ARG outperforms 57.14% of its industry peers.
Industry RankSector Rank
Current Ratio 0.52
Quick Ratio 0.52
ARG.PA Yearly Current Assets VS Current LiabilitesARG.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 191.42% over the past year.
  • ARG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.87% yearly.
  • ARG shows a small growth in Revenue. In the last year, the Revenue has grown by 7.89%.
  • The Revenue has been growing by 14.50% on average over the past years. This is quite good.
EPS 1Y (TTM)191.42%
EPS 3Y-30.53%
EPS 5Y-3.87%
EPS Q2Q%39.96%
Revenue 1Y (TTM)7.89%
Revenue growth 3Y8.41%
Revenue growth 5Y14.5%
Sales Q2Q%7.59%

3.2 Future

  • Based on estimates for the next years, ARG will show a small growth in Earnings Per Share. The EPS will grow by 2.50% on average per year.
  • Based on estimates for the next years, ARG will show a small growth in Revenue. The Revenue will grow by 4.73% on average per year.
EPS Next Y7.52%
EPS Next 2Y4.02%
EPS Next 3Y2.62%
EPS Next 5Y2.5%
Revenue Next Year6.57%
Revenue Next 2Y5.1%
Revenue Next 3Y4.73%
Revenue Next 5Y4.73%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ARG.PA Yearly Revenue VS EstimatesARG.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
ARG.PA Yearly EPS VS EstimatesARG.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

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8

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.17 indicates a rather cheap valuation of ARG.
  • Compared to the rest of the industry, the Price/Earnings ratio of ARG indicates a rather cheap valuation: ARG is cheaper than 100.00% of the companies listed in the same industry.
  • ARG is valuated cheaply when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 11.69 indicates a reasonable valuation of ARG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ARG indicates a somewhat cheap valuation: ARG is cheaper than 64.29% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, ARG is valued rather cheaply.
Industry RankSector Rank
PE 6.17
Fwd PE 11.69
ARG.PA Price Earnings VS Forward Price EarningsARG.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ARG is on the same level as its industry peers.
  • 80.95% of the companies in the same industry are more expensive than ARG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.51
EV/EBITDA 18.6
ARG.PA Per share dataARG.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • ARG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ARG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y4.02%
EPS Next 3Y2.62%

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7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.92%, ARG is a good candidate for dividend investing.
  • ARG's Dividend Yield is comparable with the industry average which is at 5.29.
  • ARG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.92%

5.2 History

  • On average, the dividend of ARG grows each year by 32.61%, which is quite nice.
Dividend Growth(5Y)32.61%
Div Incr Years2
Div Non Decr Years2
ARG.PA Yearly Dividends per shareARG.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • ARG pays out 22.47% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of ARG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.47%
EPS Next 2Y4.02%
EPS Next 3Y2.62%
ARG.PA Yearly Income VS Free CF VS DividendARG.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M
ARG.PA Dividend Payout.ARG.PA Dividend Payout, showing the Payout Ratio.ARG.PA Dividend Payout.PayoutRetained Earnings

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ARGAN

EPA:ARG (2/27/2026, 7:00:00 PM)

71.1

+1 (+1.43%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-22
Earnings (Next)04-01
Inst Owners37.31%
Inst Owner ChangeN/A
Ins Owners36.53%
Ins Owner ChangeN/A
Market Cap1.83B
Revenue(TTM)208.43M
Net Income(TTM)290.89M
Analysts78.33
Price Target79.18 (11.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.92%
Yearly Dividend2.17
Dividend Growth(5Y)32.61%
DP22.47%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.32%
PT rev (3m)-0.64%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 6.17
Fwd PE 11.69
P/S 8.79
P/FCF 9.51
P/OCF 9.5
P/B 0.8
P/tB 0.82
EV/EBITDA 18.6
EPS(TTM)11.52
EY16.2%
EPS(NY)6.08
Fwd EY8.55%
FCF(TTM)7.48
FCFY10.52%
OCF(TTM)7.49
OCFY10.53%
SpS8.09
BVpS89.15
TBVpS86.99
PEG (NY)0.82
PEG (5Y)N/A
Graham Number152.01
Profitability
Industry RankSector Rank
ROA 6.76%
ROE 12.66%
ROCE 4.73%
ROIC 3.48%
ROICexc 3.5%
ROICexgc 3.55%
OM 92.83%
PM (TTM) 139.56%
GM N/A
FCFM 92.47%
ROA(3y)0.48%
ROA(5y)4.9%
ROE(3y)0.46%
ROE(5y)10.33%
ROIC(3y)3.13%
ROIC(5y)3.04%
ROICexc(3y)3.21%
ROICexc(5y)3.17%
ROICexgc(3y)3.25%
ROICexgc(5y)3.22%
ROCE(3y)4.26%
ROCE(5y)4.13%
ROICexgc growth 3Y3.68%
ROICexgc growth 5Y17.66%
ROICexc growth 3Y3.74%
ROICexc growth 5Y18.7%
OM growth 3Y-0.31%
OM growth 5Y17.53%
PM growth 3Y-33.91%
PM growth 5Y-10.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 9.5
Debt/EBITDA 8.97
Cap/Depr 68.44%
Cap/Sales 0.09%
Interest Coverage 250
Cash Conversion 99.57%
Profit Quality 66.26%
Current Ratio 0.52
Quick Ratio 0.52
Altman-Z 1.33
F-Score7
WACC5.86%
ROIC/WACC0.59
Cap/Depr(3y)57.59%
Cap/Depr(5y)2471.73%
Cap/Sales(3y)0.08%
Cap/Sales(5y)39.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)191.42%
EPS 3Y-30.53%
EPS 5Y-3.87%
EPS Q2Q%39.96%
EPS Next Y7.52%
EPS Next 2Y4.02%
EPS Next 3Y2.62%
EPS Next 5Y2.5%
Revenue 1Y (TTM)7.89%
Revenue growth 3Y8.41%
Revenue growth 5Y14.5%
Sales Q2Q%7.59%
Revenue Next Year6.57%
Revenue Next 2Y5.1%
Revenue Next 3Y4.73%
Revenue Next 5Y4.73%
EBIT growth 1Y7.6%
EBIT growth 3Y8.07%
EBIT growth 5Y34.57%
EBIT Next Year-9.64%
EBIT Next 3Y-0.95%
EBIT Next 5Y0.62%
FCF growth 1Y5.49%
FCF growth 3Y0.28%
FCF growth 5YN/A
OCF growth 1Y5.47%
OCF growth 3Y0.29%
OCF growth 5Y66.22%

ARGAN / ARG.PA FAQ

Can you provide the ChartMill fundamental rating for ARGAN?

ChartMill assigns a fundamental rating of 6 / 10 to ARG.PA.


Can you provide the valuation status for ARGAN?

ChartMill assigns a valuation rating of 8 / 10 to ARGAN (ARG.PA). This can be considered as Undervalued.


Can you provide the profitability details for ARGAN?

ARGAN (ARG.PA) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for ARG stock?

The Price/Earnings (PE) ratio for ARGAN (ARG.PA) is 6.17 and the Price/Book (PB) ratio is 0.8.


Can you provide the dividend sustainability for ARG stock?

The dividend rating of ARGAN (ARG.PA) is 7 / 10 and the dividend payout ratio is 22.47%.