Argent Industrial Limited manufactures and trades in steel and steel-related products worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||R12.90|
|52 Week High||R5.00|
|52 Week Low||R12.40|
|1 Month Change||11.69%|
|3 Month Change||8.86%|
|1 Year Change||157.49%|
|3 Year Change||275.00%|
|5 Year Change||180.44%|
|Change since IPO||31.58%|
Recent News & Updates
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Argent Industrial Limited's (JSE:ART) CEO For Now
Performance at Argent Industrial Limited ( JSE:ART ) has been reasonably good and CEO Treve Hendry has done a decent...
Argent Industrial's (JSE:ART) Robust Earnings Are Supported By Other Strong Factors
Argent Industrial Limited ( JSE:ART ) just reported healthy earnings but the stock price didn't move much. We think...
|ART||ZA Building||ZA Market|
Return vs Industry: ART exceeded the ZA Building industry which returned 26.5% over the past year.
Return vs Market: ART exceeded the ZA Market which returned 19% over the past year.
Stable Share Price: ART is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ART's weekly volatility (5%) has been stable over the past year.
About the Company
Argent Industrial Limited manufactures and trades in steel and steel-related products worldwide. The company trades in sections, tube, sheet, coil, and plate steel products, as well as colored and galvanized steel sheets, coils, and roofing products; offers slitting, blanking, cutting-to-length, and lipped channel services, as well as flame, plasma, and laser cutting, guillotining, and bending services; and distributes aluminum products. It also manufactures ladders and scaffolding, castors, wheels, and storage bins; mounties, trolleys, and other mobile access systems; aluminum structures, such as stages, platforms, etc.; curtain and sack trucks; scrappers and wear parts; grizzly frames and segments; mining equipment; braais and fireplaces; overhead cranes, hoists, and lifting equipment; desks, cupboards, lockers, racking, school desks, beds, etc.; shelving and racking systems; and gates, pellets, security products, palisade fencing, sanitation structures, cell phone mast fencing, mezzanine structures, and mass carport.
Argent Industrial Fundamentals Summary
|ART fundamental statistics|
Is ART overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ART income statement (TTM)|
|Cost of Revenue||R1.47b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 04, 2021
|Earnings per share (EPS)||2.27|
|Net Profit Margin||6.63%|
How did ART perform over the long term?See historical performance and comparison
Is Argent Industrial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ART (ZAR11.8) is trading below our estimate of fair value (ZAR80.48)
Significantly Below Fair Value: ART is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ART is good value based on its PE Ratio (5.2x) compared to the African Building industry average (10.4x).
PE vs Market: ART is good value based on its PE Ratio (5.2x) compared to the ZA market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ART's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ART is good value based on its PB Ratio (0.6x) compared to the XF Building industry average (1.6x).
How is Argent Industrial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Argent Industrial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Argent Industrial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ART has high quality earnings.
Growing Profit Margin: ART's current net profit margins (6.6%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: ART's earnings have grown significantly by 29% per year over the past 5 years.
Accelerating Growth: ART's earnings growth over the past year (35.5%) exceeds its 5-year average (29% per year).
Earnings vs Industry: ART earnings growth over the past year (35.5%) exceeded the Building industry 6.6%.
Return on Equity
High ROE: ART's Return on Equity (11.7%) is considered low.
How is Argent Industrial's financial position?
Financial Position Analysis
Short Term Liabilities: ART's short term assets (ZAR943.5M) exceed its short term liabilities (ZAR355.4M).
Long Term Liabilities: ART's short term assets (ZAR943.5M) exceed its long term liabilities (ZAR197.2M).
Debt to Equity History and Analysis
Debt Level: ART's debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: ART's debt to equity ratio has reduced from 13.8% to 8.9% over the past 5 years.
Debt Coverage: ART's debt is well covered by operating cash flow (264.4%).
Interest Coverage: ART's interest payments on its debt are well covered by EBIT (13.8x coverage).
What is Argent Industrial current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ART's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ART's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ART's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ART is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ART's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Treve Hendry (54 yo)
Mr. Treve Robert Hendry, B.Com, B.Compt(Hons), CA (SA) has been the Chief Executive Officer of Argent Industrial Limited since May 5, 1997. Mr. Hendry has 10 years’ experience in the mining industry. He jo...
CEO Compensation Analysis
Compensation vs Market: Treve's total compensation ($USD409.18K) is above average for companies of similar size in the ZA market ($USD278.61K).
Compensation vs Earnings: Treve's compensation has been consistent with company performance over the past year.
Experienced Management: ART's management team is seasoned and experienced (20.6 years average tenure).
Experienced Board: ART's board of directors are seasoned and experienced ( 18.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ART insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Argent Industrial Limited's employee growth, exchange listings and data sources
- Name: Argent Industrial Limited
- Ticker: ART
- Exchange: JSE
- Founded: 1972
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: R677.259m
- Shares outstanding: 57.39m
- Website: https://www.argent.co.za
- Argent Industrial Limited
- Ridge 63
- First Floor
- La Lucia
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 17:02|
|End of Day Share Price||2021/10/26 00:00|
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 here.