ARGO Properties Valuation

Q: What is the Fair Price of ARGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ARGO (₪96.69) is trading above our estimate of [[fair value]] (₪55.5)

Is ARGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARGO (₪96.69) is trading above our estimate of fair value (₪55.5)

Significantly Below Fair Value: ARGO is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARGO?

Key metric: As ARGO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ARGO. This is calculated by dividing ARGO's market cap by their current revenue.
What is ARGO's PS Ratio?
PS Ratio	14.3x
Sales	€32.03m
Market Cap	€457.74m

ARGO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	24.7x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ARGO's PS Ratio compare to its peers?

The above table shows the PS ratio for ARGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3.1x
ILDC Israel Land Development	1.4x	n/a	₪1.4b
VTNA Vitania	4.4x	n/a	₪1.1b
LAHAV Lahav LR Real Estate	2.1x	n/a	₪1.1b
SMT Summit Real Estate Holdings	4.4x	n/a	₪4.1b
ARGO ARGO Properties	14.3x	n/a	₪1.8b

Price-To-Sales vs Peers: ARGO is expensive based on its Price-To-Sales Ratio (14.3x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does ARGO's PS Ratio compare vs other companies in the IL Real Estate Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
NSTR Norstar Holdings	0.3x	n/a	US$238.84m
AVIV Mordechai Aviv Taasiot Beniyah (1973)	0.7x	n/a	US$72.56m
MSHR Mishorim Real Estate Investments	0.5x	n/a	US$66.91m
CILO Cielo-Blu Group	0.5x	n/a	US$42.49m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ARGO is expensive based on its Price-To-Sales Ratio (14.3x) compared to the IL Real Estate industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is ARGO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARGO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	14.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ARGO's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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