Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪152, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 14x in the Real Estate industry in Israel. Total returns to shareholders of 217% over the past three years. Reported Earnings • May 24
First quarter 2026 earnings released: EPS: €0.74 (vs €0.69 in 1Q 2025) First quarter 2026 results: EPS: €0.74 (up from €0.69 in 1Q 2025). Revenue: €20.5m (up 65% from 1Q 2025). Net income: €16.3m (up 15% from 1Q 2025). Profit margin: 79% (down from 115% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 15
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₪127. The fair value is estimated to be ₪162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 78%. 공고 • Apr 20
ARGO Properties N.V. to Report Q1, 2026 Results on May 19, 2026 ARGO Properties N.V. announced that they will report Q1, 2026 results on May 19, 2026 Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: €3.16 (vs €1.87 in FY 2024) Full year 2025 results: EPS: €3.16 (up from €1.87 in FY 2024). Revenue: €50.2m (up 47% from FY 2024). Net income: €67.3m (up 91% from FY 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. 공고 • Feb 19
ARGO Properties N.V. to Report Fiscal Year 2025 Results on Mar 16, 2026 ARGO Properties N.V. announced that they will report fiscal year 2025 results on Mar 16, 2026 공고 • Dec 23
ARGO Properties N.V., Annual General Meeting, Jan 27, 2026 ARGO Properties N.V., Annual General Meeting, Jan 27, 2026. Location: sbl lawyers offices amsterdam, Israel Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: €1.30 (vs €0.51 in 3Q 2024) Third quarter 2025 results: EPS: €1.30 (up from €0.51 in 3Q 2024). Revenue: €13.0m (up 52% from 3Q 2024). Net income: €26.8m (up 190% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. 공고 • Nov 10
ARGO Properties N.V. to Report Q3, 2025 Results on Nov 23, 2025 ARGO Properties N.V. announced that they will report Q3, 2025 results at 9:46 AM, Israel Standard Time on Nov 23, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €0.50 (vs €0.39 in 2Q 2024) Second quarter 2025 results: EPS: €0.50 (up from €0.39 in 2Q 2024). Revenue: €11.6m (up 32% from 2Q 2024). Net income: €10.7m (up 53% from 2Q 2024). Profit margin: 92% (up from 79% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. 공고 • Jul 29
ARGO Properties N.V. to Report Q2, 2025 Results on Aug 12, 2025 ARGO Properties N.V. announced that they will report Q2, 2025 results on Aug 12, 2025 New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • May 22
First quarter 2025 earnings released: EPS: €0.69 (vs €0.22 in 1Q 2024) First quarter 2025 results: EPS: €0.69 (up from €0.22 in 1Q 2024). Revenue: €12.4m (up 49% from 1Q 2024). Net income: €14.2m (up 254% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공고 • Apr 28
ARGO Properties N.V. to Report Q1, 2025 Results on May 21, 2025 ARGO Properties N.V. announced that they will report Q1, 2025 results on May 21, 2025 Reported Earnings • Mar 24
Full year 2024 earnings released: EPS: €1.87 (vs €2.40 loss in FY 2023) Full year 2024 results: EPS: €1.87 (up from €2.40 loss in FY 2023). Revenue: €34.2m (up 17% from FY 2023). Net income: €35.2m (up €78.7m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. 공고 • Mar 04
ARGO Properties N.V. to Report Fiscal Year 2024 Results on Mar 23, 2025 ARGO Properties N.V. announced that they will report fiscal year 2024 results on Mar 23, 2025 Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: €0.51 (vs €0.38 loss in 3Q 2023) Third quarter 2024 results: EPS: €0.51 (up from €0.38 loss in 3Q 2023). Revenue: €8.51m (up 14% from 3Q 2023). Net income: €9.25m (up €16.2m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. 공고 • Nov 25
ARGO Properties N.V., Annual General Meeting, Jan 07, 2025 ARGO Properties N.V., Annual General Meeting, Jan 07, 2025. Location: sbl lawyers amsterdam, Israel 공고 • Nov 11
ARGO Properties N.V. to Report Q3, 2024 Results on Nov 24, 2024 ARGO Properties N.V. announced that they will report Q3, 2024 results at 9:46 AM, Israel Standard Time on Nov 24, 2024 Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €0.39 (vs €0.014 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.39 (up from €0.014 loss in 2Q 2023). Revenue: €8.82m (up 28% from 2Q 2023). Net income: €6.99m (up €7.24m from 2Q 2023). Profit margin: 79% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. 공고 • Jul 11
ARGO Properties N.V. to Report Q2, 2024 Results on Aug 14, 2024 ARGO Properties N.V. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • Jun 08
First quarter 2024 earnings released: EPS: €0.22 (vs €0.72 loss in 1Q 2023) First quarter 2024 results: EPS: €0.22 (up from €0.72 loss in 1Q 2023). Revenue: €9.09m (up 19% from 1Q 2023). Net income: €4.02m (up €17.0m from 1Q 2023). Profit margin: 44% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₪78.76. The fair value is estimated to be ₪64.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company became loss making. 공고 • May 07
ARGO Properties N.V. to Report Q1, 2024 Results on May 22, 2024 ARGO Properties N.V. announced that they will report Q1, 2024 results on May 22, 2024 Reported Earnings • Mar 13
Full year 2023 earnings released: €2.40 loss per share (vs €1.51 profit in FY 2022) Full year 2023 results: €2.40 loss per share (down from €1.51 profit in FY 2022). Revenue: €29.4m (up 30% from FY 2022). Net loss: €43.5m (down 260% from profit in FY 2022). 공고 • Dec 02
ARGO Properties N.V., Annual General Meeting, Jan 08, 2024 ARGO Properties N.V., Annual General Meeting, Jan 08, 2024, at 16:00 Central European Standard Time. Reported Earnings • Nov 22
Third quarter 2023 earnings released: €0.38 loss per share (vs €0.29 profit in 3Q 2022) Third quarter 2023 results: €0.38 loss per share (down from €0.29 profit in 3Q 2022). Revenue: €7.48m (up 30% from 3Q 2022). Net loss: €6.97m (down 231% from profit in 3Q 2022). Buying Opportunity • Oct 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be ₪58.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last year. Meanwhile, the company became loss making. New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 9.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • May 28
First quarter 2023 earnings released: €0.72 loss per share (vs €0.83 profit in 1Q 2022) First quarter 2023 results: €0.72 loss per share (down from €0.83 profit in 1Q 2022). Revenue: €7.66m (up 39% from 1Q 2022). Net loss: €12.9m (down 186% from profit in 1Q 2022). Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: €1.51 (vs €3.46 in FY 2021) Full year 2022 results: EPS: €1.51 (down from €3.46 in FY 2021). Revenue: €22.7m (up 52% from FY 2021). Net income: €27.3m (down 54% from FY 2021). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪45.78, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 5x in the Real Estate industry in Israel. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪58.01, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 5x in the Real Estate industry in Israel. Total loss to shareholders of 49% over the past year.