Financials Argent Industrial Limited

Equities

ART

ZAE000019188

Iron & Steel

End-of-day quote Johannesburg S.E. 06:00:00 2024-07-03 pm EDT 5-day change 1st Jan Change
22.3 ZAR -0.22% Intraday chart for Argent Industrial Limited +4.69% +48.57%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 415.6 319.9 531.7 760.2 817.8 1,011
Enterprise Value (EV) 1 412.7 399.2 475.1 774.8 703.3 675.2
P/E ratio 5.29 x 3.8 x 4.21 x 4.14 x 3.57 x 4.2 x
Yield - - - 3.12% 6.46% 6.19%
Capitalization / Revenue 0.24 x 0.19 x 0.27 x 0.31 x 0.33 x 0.4 x
EV / Revenue 0.24 x 0.23 x 0.24 x 0.32 x 0.29 x 0.27 x
EV / EBITDA 2.85 x 2.47 x 2.17 x 2.62 x 2.18 x 1.87 x
EV / FCF 4.96 x 3.87 x 2.37 x -29.6 x 7.76 x 3.31 x
FCF Yield 20.1% 25.8% 42.3% -3.38% 12.9% 30.2%
Price to Book 0.41 x 0.3 x 0.48 x 0.6 x 0.55 x 0.6 x
Nbr of stocks (in thousands) 77,686 64,621 58,425 56,392 55,633 54,431
Reference price 2 5.350 4.950 9.100 13.48 14.70 18.58
Announcement Date 6/28/19 8/7/20 6/30/21 6/30/22 6/29/23 6/28/24
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024
Net sales 1 1,722 1,728 1,966 2,433 2,459 2,544
EBITDA 1 144.6 161.8 218.8 295.7 322 361.8
EBIT 1 119.7 133.4 189.5 263.4 286.1 323.9
Operating Margin 6.95% 7.72% 9.64% 10.83% 11.63% 12.73%
Earnings before Tax (EBT) 1 115.2 118.7 175.8 252.6 292.8 342.4
Net income 1 83.76 96.22 130.4 190.2 230.5 244.9
Net margin 4.87% 5.57% 6.63% 7.82% 9.37% 9.63%
EPS 2 1.012 1.301 2.160 3.253 4.113 4.419
Free Cash Flow 1 83.14 103.2 200.9 -26.19 90.66 203.9
FCF margin 4.83% 5.97% 10.22% -1.08% 3.69% 8.01%
FCF Conversion (EBITDA) 57.49% 63.73% 91.81% - 28.16% 56.36%
FCF Conversion (Net income) 99.26% 107.2% 154.08% - 39.33% 83.24%
Dividend per Share - - - 0.4200 0.9500 1.150
Announcement Date 6/28/19 8/7/20 6/30/21 6/30/22 6/29/23 6/28/24
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - 79.4 - 14.6 - -
Net Cash position 1 2.91 - 56.6 - 114 336
Leverage (Debt/EBITDA) - 0.4904 x - 0.0494 x - -
Free Cash Flow 1 83.1 103 201 -26.2 90.7 204
ROE (net income / shareholders' equity) 8.5% 9.41% 12.1% 15.9% 16.9% 15.6%
ROA (Net income/ Total Assets) 5.43% 5.57% 7.26% 8.98% 8.64% 8.66%
Assets 1 1,543 1,726 1,796 2,118 2,668 2,828
Book Value Per Share 2 13.10 16.70 19.10 22.40 26.80 31.20
Cash Flow per Share 2 0.9500 2.580 4.210 3.250 4.590 8.280
Capex 1 43.7 41 31.8 56.1 58.8 92.7
Capex / Sales 2.54% 2.38% 1.62% 2.31% 2.39% 3.64%
Announcement Date 6/28/19 8/7/20 6/30/21 6/30/22 6/29/23 6/28/24
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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