Argo Prop. (ARGO) AI Stock Analysis

• Market Cap: ₪3.07B
• Dividend Yield: N/A
• Average Volume (3M): 25.02K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.99
• Revenue Growth: 26.77%
• EPS Growth: N/A
• Country: IL
• Employees: 69
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 272.10
• Shares Outstanding: 22,230,488
• 10 Day Avg. Volume: 27,682
• 30 Day Avg. Volume: 25,023
• PEG Ratio: 0.14
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 14.18
• P/FCF Ratio: 36.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: 14,530.00 ▲(12.64% Upside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is primarily shaped by improving but still volatile financial performance, including leverage and uneven free-cash-flow trends. This is supported by a constructive technical setup and boosted by a low P/E valuation.

Positive Factors

Multi-year revenue growth

Sustained top-line expansion from 2020 to 2025 indicates successful market penetration and service demand. Durable revenue growth supports scale economics, investment capacity, and resilience over the next several months, reducing reliance on one-off gains for profitability.

Improving operating cash flow

Positive and rising operating cash flow shows the core business generates real cash, enabling ongoing operations, modest reinvestment, and debt servicing without depending solely on accounting profits. This strengthens liquidity and operational sustainability over 2-6 months.

Strengthened equity and asset base

Material asset base and a near-doubling of equity since 2020 provide a capital cushion and financial flexibility. A stronger equity position supports access to financing, absorbs shocks, and underpins strategic moves or portfolio investments over the medium term.

Negative Factors

Earnings volatility

Large swings from heavy loss to sharp profits reduce earnings predictability and complicate budgeting and investor confidence. If underlying drivers reverse, cash flows and coverage ratios could deteriorate quickly, creating execution and refinancing risk over coming quarters.

Rising leverage

Meaningful increase in debt raises fixed obligations and heightens sensitivity to interest rates and profit shocks. Historical debt-to-equity near 0.8–1.1 means limited cushion if earnings weaken, constraining capital flexibility and raising refinancing risk over the medium term.

Weakened free-cash-flow conversion

Declining free cash flow despite positive operating cash flow suggests higher capex or working capital strain and weaker cash conversion vs reported profits. This limits capacity to deleverage, fund dividends, or reinvest without external financing in the near-to-medium term.

Argo Prop. Business Overview & Revenue Model

Company Description

ARGO Properties N.V. owns and manages real estate properties focusing on multi-family and commercial properties in Berlin, Leipzig, Dresden, and Magdeburg. The company was founded in 2018 and is based in Amsterdam, the Netherlands.

Argo Prop. Financial Statement Overview

Summary

Strong multi-year revenue growth and a sharp profit rebound in 2024–2025 support the score, but earnings volatility (large 2023 loss followed by big profits) reduces confidence in stability. Balance sheet leverage is meaningful with rising total debt in 2025, and cash flow quality is mixed as free cash flow weakened despite positive operating cash flow.

Income Statement

Revenue has grown strongly over the period (from 9.7M in 2020 to 52.2M in 2025), with positive growth again in 2025 (+12.3%). Profitability is volatile: the company swung from a large loss in 2023 (-43.5M net income) to strong profits in 2024 (35.2M) and 2025 (70.0M). Gross profit remains solid (2025 gross profit 26.9M), but the sharp year-to-year earnings swings reduce confidence in earnings quality and stability.

Balance Sheet

The balance sheet is sizable (2025 total assets 1.03B) and equity has built over time (498.3M in 2025 vs 231.8M in 2020), which supports financial flexibility. However, leverage is meaningful: total debt rose to 495.6M in 2025 from 380.2M in 2024, and historical debt-to-equity has hovered around ~0.8–1.1 (2023 above 1.0). This higher leverage profile is a key risk if profitability softens again.

Cash Flow

Operating cash flow is positive and improving in absolute terms (20.2M in 2025 vs 18.4M in 2024 and 12.9M in 2023), indicating the core business is generating cash. That said, free cash flow growth turned more negative in 2025 (-22.2%) after already declining in 2024, and cash generation has not been consistently strong relative to reported profits in at least some periods (e.g., 2024). Overall cash conversion and trajectory look less reliable than the headline earnings rebound.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.16M	37.75M	29.38M	22.70M	14.92M
Gross Profit	26.92M	22.12M	17.59M	13.34M	9.29M
EBITDA	82.65M	52.67M	-43.22M	37.23M	70.72M
Net Income	70.01M	35.18M	-43.49M	27.27M	58.83M
Balance Sheet
Total Assets	1.03B	839.37M	707.30M	711.53M	536.23M
Cash, Cash Equivalents and Short-Term Investments	86.48M	28.51M	12.78M	37.35M	35.08M
Total Debt	495.60M	380.20M	348.53M	306.74M	161.89M
Total Liabilities	533.94M	419.95M	377.06M	340.24M	194.20M
Stockholders Equity	498.34M	419.42M	330.24M	371.29M	342.02M
Cash Flow
Free Cash Flow	20.19M	11.17M	12.90M	8.84M	7.45M
Operating Cash Flow	20.19M	18.42M	12.90M	8.84M	7.45M
Investing Cash Flow	-127.25M	-72.89M	-65.94M	-155.47M	-121.69M
Financing Cash Flow	126.77M	69.16M	37.22M	139.29M	111.26M

Argo Prop. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12900.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ARGO, the sentiment is Positive. The current price of 12900 is below the 20-day moving average (MA) of 13148.50, below the 50-day MA of 13175.40, and above the 200-day MA of 12038.65, indicating a bullish trend. The MACD of 195.91 indicates Negative momentum. The RSI at 58.49 is Neutral, neither overbought nor oversold. The STOCH value of 83.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ARGO.

Argo Prop. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAHAV	75 Outperform	₪2.98B	3.27	―	2.26%	19.43%	21.77%
ARGO	68 Neutral	₪3.07B	10.57	―	―	26.77%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
VILR	65 Neutral	₪3.11B	18.94	―	1.40%	6.14%	40.36%
ELCRE	49 Neutral	₪3.73B	-33.91	―	―	-4.06%	65.26%