Cementos Argos Past Earnings Performance
Past criteria checks 4/6
Cementos Argos's earnings have been declining at an average annual rate of -2.3%, while the Basic Materials industry saw earnings growing at 1.7% annually. Revenues have been declining at an average rate of 21% per year. Cementos Argos's return on equity is 5.6%, and it has net margins of 9.5%.
Key information
-2.25%
Earnings growth rate
-5.64%
EPS growth rate
| Basic Materials Industry Growth | 8.23% |
| Revenue growth rate | -21.01% |
| Return on equity | 5.58% |
| Net Margin | 9.51% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
CEMARGOS: Stable Margins And P E Multiple Will Support Future Upside
Analysts have kept their COP$13,014 price target for Cementos Argos broadly unchanged, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This reflects updated views on risk and valuation rather than a shift in the core outlook.CEMARGOS: Higher Modeled Margins And P E Multiple Will Support Upside
Analysts have made a small adjustment to the Cementos Argos fair value estimate, moving the target from COP13,055.56 to COP13,014.44, as they recalibrate assumptions on revenue growth, profit margins, the discount rate, and the future P/E multiple. What's in the News No recent company specific news items or key developments were provided for Cementos Argos in the sources above.CEMARGOS: Higher Modeled Profitability And Multiple Will Support Future Upside
Analysts have trimmed their price target for Cementos Argos slightly, with fair value moving from COP 13,065 to about COP 13,055. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E multiples.CEMARGOS: Higher Modeled Revenue And P/E Will Support Future Upside
Analysts have raised their price target on Cementos Argos to COP 13,065 from COP 12,954, reflecting updated inputs around slightly higher modeled revenue growth, a modest change in the discount rate, adjusted profit margin assumptions and a small uplift in expected future P/E. Valuation Changes Fair Value: Updated to COP 13,065 from COP 12,953, keeping the modeled estimate slightly above the prior level.CEMARGOS: Stable Margins And Earnings Quality Will Likely Sustain Re Rated P/E
Analysts keep their COP 12,953.89 price target for Cementos Argos broadly unchanged, with only minor tweaks to the discount rate and future P/E assumptions to reflect updated views on risk and earnings quality. Valuation Changes Fair Value: COP 12,953.89 remains unchanged, with no adjustment to the central valuation level.CEMARGOS: Higher Margin Outlook Will Likely Support Re Rated Future P/E
Analysts have nudged their price target for Cementos Argos higher from COP12,820.56 to COP12,953.89, reflecting updated views on revenue growth, profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: Updated from COP12,820.56 to COP12,953.89, representing a small upward revision to the implied valuation range.CEMARGOS: Revised Growth And Margin Outlook Will Likely Sustain Elevated Future P/E Risk
Analysts have nudged their price target for Cementos Argos up from COP 12,500 to around COP 12,821, reflecting updated assumptions on revenue growth, profit margins, discount rate and future P/E levels. Valuation Changes Fair Value: updated from COP 12,500 to COP 12,820.56, a small upward adjustment in the modelled estimate.CEMARGOS: Updated Assumptions Will Likely Sustain Elevated Future P/E Risk
Analysts have nudged their price target on Cementos Argos up from COP 11,675 to COP 12,500, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: Adjusted from COP 11,675 to COP 12,500, indicating a higher central estimate for the share price.
U.S. Aggregates Expansion And Latin American Strength Will Transform Long Term Earnings Potential
Catalysts About Cementos Argos Cementos Argos is a cement and ready mix producer with operations across Colombia, Central America, the Caribbean and a growing aggregates platform linked to the U.S. market. What are the underlying business or industry changes driving this perspective?CEMARGOS: Stable Assumptions Will Likely Sustain Excessive P/E Risk
Analysts have maintained their fair value estimate for Cementos Argos at COP 11,675 per share, making only small adjustments to inputs such as the discount rate and assumed future P/E multiple. This reflects a largely stable view of the company’s risk and earnings profile.CEMARGOS: Higher Required Returns Will Likely Pressure Elevated P/E Expectations
Analysts have lifted their price target for Cementos Argos from COP$11,306.25 to COP$11,675.00. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
The 'From The Mine To The Market' Initiative Will Optimize Operations And Reduce Costs
Cementos Argos' mine to market initiative and Central America expansions boost EBITDA growth via operational optimization and increased production capabilities.Revenue & Expenses Breakdown
How Cementos Argos makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 5,146,336 | 489,190 | 588,758 | 0 |
| 31 Dec 25 | 5,155,682 | 520,914 | 597,944 | 0 |
| 30 Sep 25 | 3,857,360 | 458,944 | 465,164 | 0 |
| 30 Jun 25 | 3,826,541 | 246,604 | 488,331 | 0 |
| 31 Mar 25 | 5,218,988 | 100,437 | 647,274 | 0 |
| 31 Dec 24 | 5,299,281 | 30,509 | 652,033 | 0 |
| 30 Sep 24 | 3,829,280 | -193,976 | 491,070 | 0 |
| 30 Jun 24 | 3,810,197 | -228,581 | 478,030 | 0 |
| 31 Mar 24 | 3,825,831 | -268,196 | 470,845 | 0 |
| 31 Dec 23 | 3,916,013 | -341,857 | 452,308 | 0 |
| 30 Sep 23 | 7,215,634 | -63,262 | 694,206 | 0 |
| 30 Jun 23 | 9,016,780 | 7,801 | 799,646 | 0 |
| 31 Mar 23 | 10,508,289 | 102,756 | 897,343 | 0 |
| 31 Dec 22 | 11,684,055 | 142,287 | 999,554 | 0 |
| 30 Sep 22 | 11,083,727 | 197,357 | 972,121 | 0 |
| 30 Jun 22 | 10,454,888 | 238,879 | 918,812 | 0 |
| 31 Mar 22 | 10,076,855 | 397,634 | 888,346 | 0 |
| 31 Dec 21 | 9,817,689 | 431,132 | 865,015 | 0 |
| 30 Sep 21 | 9,601,997 | 326,043 | 855,468 | 0 |
| 30 Jun 21 | 9,476,750 | 282,000 | 853,610 | 0 |
| 31 Mar 21 | 9,138,211 | 129,340 | 822,190 | 0 |
| 31 Dec 20 | 9,000,548 | 78,188 | 817,694 | 0 |
| 30 Sep 20 | 9,026,493 | 105,276 | 829,192 | 0 |
| 30 Jun 20 | 9,165,561 | 66,866 | 853,397 | 0 |
| 31 Mar 20 | 9,380,503 | 110,641 | 912,999 | 0 |
| 31 Dec 19 | 9,375,076 | 121,882 | 917,499 | 0 |
| 30 Sep 19 | 9,135,023 | 139,509 | 926,923 | 0 |
| 30 Jun 19 | 8,850,339 | 196,317 | 896,581 | 0 |
| 31 Mar 19 | 8,685,130 | 139,114 | 847,149 | 0 |
| 31 Dec 18 | 8,417,604 | 178,563 | 832,329 | 0 |
| 30 Sep 18 | 8,417,305 | 47,917 | 855,237 | 0 |
| 30 Jun 18 | 8,393,696 | 39,440 | 866,988 | 0 |
| 31 Mar 18 | 8,363,464 | 89,037 | 872,141 | 0 |
| 31 Dec 17 | 8,532,913 | -11,365 | 884,693 | 0 |
| 30 Sep 17 | 8,429,900 | 94,376 | 884,395 | 0 |
| 30 Jun 17 | 8,346,759 | 141,530 | 882,332 | 0 |
| 31 Mar 17 | 8,381,459 | 274,086 | 890,765 | 0 |
| 31 Dec 16 | 8,517,382 | 419,970 | 907,248 | 0 |
| 30 Sep 16 | 8,664,855 | 553,235 | 879,735 | 0 |
| 30 Jun 16 | 8,837,785 | 595,402 | 898,048 | 0 |
| 31 Mar 16 | 8,472,112 | 538,128 | 871,983 | 0 |
| 31 Dec 15 | 7,912,003 | 504,672 | 806,739 | 0 |
| 30 Sep 15 | 7,319,649 | 361,449 | 742,612 | 0 |
Quality Earnings: CEMARGOS has high quality earnings.
Growing Profit Margin: CEMARGOS's current net profit margins (9.5%) are higher than last year (1.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CEMARGOS's earnings have declined by 2.3% per year over the past 5 years.
Accelerating Growth: CEMARGOS's earnings growth over the past year (387.1%) exceeds its 5-year average (-2.3% per year).
Earnings vs Industry: CEMARGOS earnings growth over the past year (387.1%) exceeded the Basic Materials industry -9.2%.
Return on Equity
High ROE: CEMARGOS's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 12:59 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cementos Argos S.A. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Theurer | Barclays |
| Eric Neguelouart | BofA Global Research |
| Gordon Lee | BTG Pactual |