ARGAN SA (FR:ARG)
:ARG
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ARGAN SA
(ARG)
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Rating:68Neutral
Price Target:
€72.00
▲(9.92% Upside)
Action:DowngradedDate:03/07/26
The score is driven primarily by solid but higher-risk financial performance (strong recent growth/profitability but notable volatility, weaker 2025 cash-flow coverage, and still-elevated debt) and favorable valuation (low P/E and ~5% yield). Technicals are a modest drag due to weak momentum indicators and price below key shorter-term moving averages.
Positive Factors
Revenue and Profitability Recovery
A sharp revenue rebound and return to high profitability across 2024–2025 indicate durable project execution and contract wins. Sustained higher revenue and margins improve cash generation potential from core construction/maintenance contracts and support reinvestment in backlog over the medium term.
Negative Factors
Pronounced Earnings Volatility
Historical swings in profitability reflect sensitivity to project timing, contract structure and execution risk. Such volatility complicates forward planning, raises bid-pricing risk on fixed-price contracts, and increases the likelihood of intermittent cash stress or equity dilution during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Recovery
A sharp revenue rebound and return to high profitability across 2024–2025 indicate durable project execution and contract wins. Sustained higher revenue and margins improve cash generation potential from core construction/maintenance contracts and support reinvestment in backlog over the medium term.
Read all positive factors
ARGAN SA (ARG) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.55B
Dividend Yield5.16%
Average Volume (3M)29.21K
Price to Earnings (P/E)6.9
Beta (1Y)0.67
Revenue Growth7.53%
EPS Growth189.00%
CountryFR
Employees28
SectorIndustrials
Sector Strength72
IndustryREIT - Industrial
Share Statistics
EPS (TTM)4.25
Shares Outstanding25,766,940
10 Day Avg. Volume20,872
30 Day Avg. Volume29,211
Financial Highlights & Ratios
PEG Ratio-1.76
Price to Book (P/B)0.70
Price to Sales (P/S)6.72
P/FCF Ratio9.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€71.00Price Target Upside8.40% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.25
Revenue Forecast (FY)€220.33M
ARGAN SA Business Overview & Revenue Model
Company Description
Argan SA engages in designing, building, developing, owning, leasing, and managing logistical platforms in France. It is also involved in the development and management of land. The company's real estate property consists of a total area of 806,00...
How the Company Makes Money
ARGAN SA generates revenue primarily through its construction and engineering contracts, which include both fixed-price and cost-plus contracts. The company's key revenue streams come from the construction of power generation facilities, such as g...
ARGAN SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 251.60M | 238.97M | 220.78M | 197.92M | 185.67M |
| Gross Profit | 214.80M | 200.89M | 180.63M | 161.10M | 153.63M |
| EBITDA | 292.44M | 295.55M | -222.97M | 150.25M | 147.41M |
| Net Income | 245.19M | 245.70M | -263.45M | 95.09M | 668.11M |
Balance Sheet | |||||
| Total Assets | 4.36B | 4.26B | 4.07B | 4.44B | 4.50B |
| Cash, Cash Equivalents and Short-Term Investments | 27.58M | 85.69M | 51.96M | 169.25M | 523.16M |
| Total Debt | 1.79B | 1.87B | 2.01B | 2.04B | 2.21B |
| Total Liabilities | 1.91B | 2.00B | 2.15B | 2.18B | 2.34B |
| Stockholders Equity | 2.41B | 2.23B | 1.89B | 2.22B | 2.13B |
Cash Flow | |||||
| Free Cash Flow | 187.51M | 173.52M | 186.15M | 135.76M | 48.20M |
| Operating Cash Flow | 198.97M | 173.68M | 186.29M | 135.92M | 172.19M |
| Investing Cash Flow | -74.94M | -34.77M | -161.19M | -246.29M | -68.95M |
| Financing Cash Flow | -182.60M | -105.16M | -142.45M | -243.58M | 382.49M |
ARGAN SA Technical Analysis
Negative
65.50
Price Trends
66.26
Negative
65.83
Negative
65.43
Negative
Market Momentum
-1.26
Positive
32.72
Neutral
16.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ARG, the sentiment is Negative. The current price of 65.5 is below the 20-day moving average (MA) of 65.94, below the 50-day MA of 66.26, and above the 200-day MA of 65.43, indicating a bearish trend. The MACD of -1.26 indicates Positive momentum. The RSI at 32.72 is Neutral, neither overbought nor oversold. The STOCH value of 16.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ARG.
ARGAN SA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €1.55B | 6.90 | 10.42% | 5.16% | 7.53% | 189.00% | |
66 Neutral | €3.88B | 5.50 | ― | 1.67% | 8.20% | 4.81% | |
65 Neutral | €1.21B | 10.12 | ― | 3.96% | 12.76% | 15.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | €136.95M | 7.44 | 6.91% | 6.63% | -26.37% | 16.47% | |
58 Neutral | €2.56B | -453.64 | -0.71% | 7.34% | -4.87% | 97.55% |
* Industrials Sector Average
FR:ARG
ARGAN SA
60.00
-1.80
-2.91%
FR:ALTA
ALTAREA
110.40
15.50
16.33%
FR:BAIN
Monte-Carlo Societe des Bains de Mer
129.50
27.66
27.17%
FR:CBOT
CBO TERRITORIA
3.97
0.56
16.49%
FR:CFI
Compagnie Fonciere Internationale
1.18
0.75
174.42%
FR:CDA
Compagnie des Alpes
23.80
9.11
62.03%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.