Argan SA
PAR:ARG

Watchlist Manager
Argan SA Logo
Argan SA
PAR:ARG
Watchlist
Price: 61.3 EUR 0.82% Market Closed
Market Cap: €1.6B

P/FCFE

12.7
Current
7%
More Expensive
vs 3-y average of 11.9

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
12.7
=
Market Cap
€1.6B
/
Free Cash Flow to Equity
€124.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
12.7
=
Market Cap
€1.6B
/
Free Cash Flow to Equity
€124.5m

Valuation Scenarios

Argan SA is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (11.9), the stock would be worth €57.41 (6% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-7%
Maximum Upside
+29%
Average Upside
8%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 12.7 €61.3
0%
3-Year Average 11.9 €57.41
-6%
5-Year Average 11.7 €56.82
-7%
Industry Average 16.3 €78.92
+29%
Country Average 15 €72.46
+18%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
FR
Argan SA
PAR:ARG
1.6B EUR 12.7 6.4
US
Prologis Inc
NYSE:PLD
131.4B USD 70.9 35.4
AU
Goodman Group
ASX:GMG
57.3B AUD 176.3 33.5
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 25.1 17.1
SG
ESR-REIT
OTC:CGIUF
12.8B USD 87.8 2 892.7
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.5B 0 0
US
Eastgroup Properties Inc
NYSE:EGP
10.8B USD 221.6 36.8
US
Lineage Inc
NASDAQ:LINE
8.4B USD 11.3 -85.8
US
First Industrial Realty Trust Inc
NYSE:FR
8.2B USD 75.6 24.1
US
Rexford Industrial Realty Inc
NYSE:REXR
8B USD 636.1 36.6
MX
Prologis Property Mexico SA de CV
BMV:FIBRAPL14
133.3B MXN 27 12

Market Distribution

In line with most companies in France
Percentile
45th
Based on 1 206 companies
45th percentile
12.7
Low
0.1 — 8.4
Typical Range
8.4 — 26.7
High
26.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 8.4
Median 15
70th Percentile 26.7
Max 1 133.8

Argan SA
Glance View

Argan SA, a distinguished name in the French real estate sector, predominantly focuses on the development and management of premium logistics warehouses. Founded in 1993, the company has carved a niche for itself by strategically positioning its logistics platforms close to urban centers and major transportation hubs, serving the increasing demand for swift and efficient delivery systems. This strategic placement is vital, offering businesses the much-needed proximity to city centers to facilitate last-mile delivery. By owning and leasing these meticulously located properties, Argan capitalizes on the booming trend of e-commerce and the shifting retail landscape, which increasingly favors robust and nimble distribution networks. The company's revenue model is driven by the rental incomes from its robust portfolio of logistics properties. Argan's tenants include a range of prominent corporations that require expansive and accessible storage solutions for their goods, ensuring a steady and predictable income stream. Additionally, Argan engages in developing custom-made warehouses, tailoring properties to meet the specific needs of clients, which not only bolsters profitability but also strengthens long-term tenant relationships. Balancing development and leasing allows Argan to capture growth opportunities while maintaining a solid foundation for sustainable earnings, positioning the company as a resilient player in the evolving logistics real estate market.

ARG Intrinsic Value
98.2 EUR
Undervaluation 38%
Intrinsic Value
Price €61.3
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett