Added to YB: 2024-08-19
Pitch date: 2024-08-16
ART.JO [bullish]
Argent Industrial Limited
+35.81%
current return
Author Info
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Company Info
Argent Industrial Limited manufactures and trades in steel and steel-related products in South Africa, Asia, the Middle East, Australia, New Zealand, North America, South America, rest of Africa, the United Kingdom, rest of Europe, and internationally.
Market Cap
ZAR 1.5B
Pitch Price
ZAR 24.22
Price Target
N/A
Dividend
4.93%
EV/EBITDA
2.70
P/E
5.48
EV/Sales
0.44
Sector
Building Products
Category
value
Argent Industrial (ART:JSX)
ART.JO: SA industrial co pivoting to int'l niche suppliers. 31.7% EPS CAGR (25% USD) over 10yrs, 24% FCF growth. Trades 5x earnings, 67% NCAV. Acq strategy: <6x norm. earnings, decentralized mgmt. Risks: ZAR depreciation, acq risk. Catalysts: LSE relist, low-margin biz disposal. 30% payout, 40% buyback since '17. 0 debt, cash 35% of mkt cap.
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