Argan SA
PAR:ARG
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P/FCFE
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.
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.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (11.9), the stock would be worth €57.41 (6% downside from current price).
| 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%
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| 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
Peer Comparison
| 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 |
P
|
Prologis Property Mexico SA de CV
BMV:FIBRAPL14
|
133.3B MXN | 27 | 12 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 8.4 |
| Median | 15 |
| 70th Percentile | 26.7 |
| Max | 1 133.8 |
Other Multiples
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.