Added to YB: 2026-01-22
Pitch date: 2026-01-21
ART.JO [bullish]
Argent Industrial Limited
+18.87%
current return
Author Info
No bio for this author
Company Info
Argent Industrial Limited manufactures and trades in steel and steel-related products in South Africa and internationally.
Market Cap
ZAR 1.8B
Pitch Price
ZAR 33.97
Price Target
135.00 (+234%)
Dividend
4.03%
EV/EBITDA
3.10
P/E
6.30
EV/Sales
0.51
Sector
Building Products
Category
value
A Serial Acquirer with a 30% EPS CAGR, Trading at 5x FCF - Argent Industrial Limited
ART.JO: Serial acquirer transformed from low-quality SA steel trader to UK-focused manufacturer. 65% earnings from UK/NA subsidiaries. 30% EPS CAGR since 2017, trading at 5x FCF vs peers at 15x+. Strong M&A track record with 15%+ acquisition yields. R500mn net cash for deployment. Price target R135 (32% IRR) on 10x multiple expansion + 15% growth. Risks: SA exposure, currency, mgmt track record.
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