Added to YB: 2026-08-10
Pitch date: 2026-08-04
AGX [neutral]
Argan, Inc.
-4.82%
current return
Author Info
No bio for this author
Company Info
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.
Market Cap
$8.3B
Pitch Price
$620.80
Price Target
N/A
Dividend
0.34%
EV/EBITDA
41.36
P/E
51.93
EV/Sales
7.03
Sector
Construction and Engineering
Category
special_situation
Listed REITs: The Return of Growth Isn’t Lifting Everyone - ARGAN: The Best Occupancy Story in the French Lineup
AGX (earnings): H1 2026 rental income €109.7M (+4%). Best-in-class 100% occupancy, EPRA vacancy 0.1% vs 6.8% French logistics market. Recurring NI €77.5M/€3.00/sh (-1%) on €500M bond (3.779%) refi cost. NAV €93.8/sh. EPRA LTV 42.1%, cost of debt 2.5%. FY guide €221M rent, €6.00 EPS, €3.65 div (+6%). Risk: single-tenant reliance. Proposed WDP merger (3 WDP shares +€11/sh special dist) creating €13B European logistics giant, close ~Q1 2027 pending approvals.
Read full article (3 min)