Argent (ART) - Net Assets
Based on the latest financial reports, Argent (ART) has net assets worth ZAC2.07 Billion ZAC (≈ $1.10 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC2.90 Billion ≈ $1.54 Million USD) and total liabilities (ZAC836.08 Million ≈ $444.34K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Argent strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC2.07 Billion |
| % of Total Assets | 71.2% |
| Annual Growth Rate | 10.51% |
| 5-Year Change | 61.81% |
| 10-Year Change | 66.94% |
| Growth Volatility | 29.84 |
Argent - Net Assets Trend (2003–2026)
This chart illustrates how Argent's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Argent worth.
Annual Net Assets for Argent (2003–2026)
The table below shows the annual net assets of Argent from 2003 to 2026. Also explore ART year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | ZAC2.07 Billion ≈ $1.10 Million |
+7.21% |
| 2025-03-31 | ZAC1.93 Billion ≈ $1.02 Million |
+11.96% |
| 2024-03-31 | ZAC1.72 Billion ≈ $915.11K |
+13.81% |
| 2023-03-31 | ZAC1.51 Billion ≈ $804.08K |
+18.44% |
| 2022-03-31 | ZAC1.28 Billion ≈ $678.87K |
+12.70% |
| 2021-03-31 | ZAC1.13 Billion ≈ $602.35K |
+8.20% |
| 2020-03-31 | ZAC1.05 Billion ≈ $556.68K |
+1.44% |
| 2019-03-31 | ZAC1.03 Billion ≈ $548.79K |
+5.53% |
| 2018-03-31 | ZAC978.53 Million ≈ $520.04K |
-20.97% |
| 2017-03-31 | ZAC1.24 Billion ≈ $658.01K |
+3.28% |
| 2016-03-31 | ZAC1.20 Billion ≈ $637.13K |
-- |
| 2015-03-31 | ZAC0.00 ≈ $0.00 |
-- |
| 2014-03-31 | ZAC0.00 ≈ $0.00 |
-- |
| 2013-03-31 | ZAC1.36 Billion ≈ $722.17K |
+3.36% |
| 2012-03-31 | ZAC1.31 Billion ≈ $698.69K |
+1.78% |
| 2011-03-31 | ZAC1.29 Billion ≈ $686.46K |
+3.15% |
| 2010-03-31 | ZAC1.25 Billion ≈ $665.48K |
-0.64% |
| 2009-03-31 | ZAC1.26 Billion ≈ $669.77K |
+14.61% |
| 2008-03-31 | ZAC1.10 Billion ≈ $584.39K |
+48.97% |
| 2007-03-31 | ZAC738.12 Million ≈ $392.27K |
+25.20% |
| 2006-03-31 | ZAC589.55 Million ≈ $313.31K |
+51.49% |
| 2005-03-31 | ZAC389.16 Million ≈ $206.82K |
+46.59% |
| 2004-03-31 | ZAC265.48 Million ≈ $141.09K |
+28.06% |
| 2003-03-31 | ZAC207.31 Million ≈ $110.17K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Argent's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2279.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC1.75 Billion | 85.97% |
| Common Stock | ZAC238.45 Million | 11.69% |
| Other Comprehensive Income | ZAC47.60 Million | 2.33% |
| Total Equity | ZAC2.04 Billion | 100.00% |
Argent Competitors by Market Cap
The table below lists competitors of Argent ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mangata Holding S.A.
WAR:MGT
|
$111.31 Million |
|
Innovate Corp
NYSE:VATE
|
$111.32 Million |
|
New Horizon Aircraft Ltd
NASDAQ:HOVR
|
$111.43 Million |
|
Orion Energy Systems Inc
NASDAQ:OESX
|
$111.43 Million |
|
ARRAIL GROUP LTD.
F:I1D
|
$111.29 Million |
|
Poh Kong Holdings Bhd
KLSE:5080
|
$111.27 Million |
|
Cellectis SA
NASDAQ:CLLS
|
$111.26 Million |
|
Canagold Resources Ltd
TO:CCM
|
$111.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argent's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,898,602,000 to 2,039,536,000, a change of 140,934,000 (7.4%).
- Net income of 293,061,000 contributed positively to equity growth.
- Dividend payments of 72,162,000 reduced retained earnings.
- Share repurchases of 39,002,000 reduced equity.
- Other comprehensive income decreased equity by 48,362,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC293.06 Million | +14.37% |
| Dividends Paid | ZAC72.16 Million | -3.54% |
| Share Repurchases | ZAC39.00 Million | -1.91% |
| Other Comprehensive Income | ZAC-48.36 Million | -2.37% |
| Other Changes | ZAC7.40 Million | +0.36% |
| Total Change | ZAC- | 7.42% |
Book Value vs Market Value Analysis
This analysis compares Argent's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 104.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 983.27x to 104.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-03-31 | ZAC4.01 | ZAC3940.00 | x |
| 2004-03-31 | ZAC4.29 | ZAC3940.00 | x |
| 2005-03-31 | ZAC5.82 | ZAC3940.00 | x |
| 2006-03-31 | ZAC8.07 | ZAC3940.00 | x |
| 2007-03-31 | ZAC9.24 | ZAC3940.00 | x |
| 2008-03-31 | ZAC12.85 | ZAC3940.00 | x |
| 2009-03-31 | ZAC13.93 | ZAC3940.00 | x |
| 2010-03-31 | ZAC12.94 | ZAC3940.00 | x |
| 2011-03-31 | ZAC13.59 | ZAC3940.00 | x |
| 2012-03-31 | ZAC14.26 | ZAC3940.00 | x |
| 2013-03-31 | ZAC14.74 | ZAC3940.00 | x |
| 2014-03-31 | ZAC12.42 | ZAC3940.00 | x |
| 2015-03-31 | ZAC12.55 | ZAC3940.00 | x |
| 2016-03-31 | ZAC12.96 | ZAC3940.00 | x |
| 2017-03-31 | ZAC13.47 | ZAC3940.00 | x |
| 2018-03-31 | ZAC10.71 | ZAC3940.00 | x |
| 2019-03-31 | ZAC12.26 | ZAC3940.00 | x |
| 2020-03-31 | ZAC13.89 | ZAC3940.00 | x |
| 2021-03-31 | ZAC18.49 | ZAC3940.00 | x |
| 2022-03-31 | ZAC21.58 | ZAC3940.00 | x |
| 2023-03-31 | ZAC26.64 | ZAC3940.00 | x |
| 2024-03-31 | ZAC30.60 | ZAC3940.00 | x |
| 2025-03-31 | ZAC34.88 | ZAC3940.00 | x |
| 2026-03-31 | ZAC37.80 | ZAC3940.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argent utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.32%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.42x
- Recent ROE (14.37%) is above the historical average (9.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 20.73% | 6.76% | 1.43x | 2.15x | ZAC21.74 Million |
| 2004 | 23.10% | 10.14% | 1.33x | 1.72x | ZAC34.79 Million |
| 2005 | 21.35% | 11.05% | 1.16x | 1.66x | ZAC44.16 Million |
| 2006 | 18.27% | 10.77% | 1.04x | 1.63x | ZAC48.74 Million |
| 2007 | 21.58% | 12.13% | 1.06x | 1.68x | ZAC84.38 Million |
| 2008 | 17.10% | 11.21% | 0.92x | 1.66x | ZAC77.22 Million |
| 2009 | 9.42% | 6.05% | 0.99x | 1.57x | ZAC-7.30 Million |
| 2010 | 0.94% | 0.80% | 0.74x | 1.59x | ZAC-112.70 Million |
| 2011 | 4.23% | 3.09% | 0.86x | 1.60x | ZAC-74.03 Million |
| 2012 | 5.34% | 3.88% | 0.90x | 1.53x | ZAC-60.78 Million |
| 2013 | 5.64% | 4.12% | 0.90x | 1.53x | ZAC-58.78 Million |
| 2014 | -17.02% | -10.29% | 1.08x | 1.53x | ZAC-307.31 Million |
| 2015 | 2.27% | 1.46% | 1.07x | 1.46x | ZAC-88.92 Million |
| 2016 | 4.64% | 3.23% | 1.08x | 1.33x | ZAC-63.67 Million |
| 2017 | 5.05% | 3.34% | 1.07x | 1.41x | ZAC-60.53 Million |
| 2018 | -19.15% | -10.07% | 1.36x | 1.40x | ZAC-280.37 Million |
| 2019 | 8.26% | 4.87% | 1.22x | 1.39x | ZAC-17.65 Million |
| 2020 | 9.37% | 5.57% | 1.10x | 1.54x | ZAC-6.51 Million |
| 2021 | 11.68% | 6.63% | 1.17x | 1.51x | ZAC18.76 Million |
| 2022 | 15.07% | 7.82% | 1.23x | 1.57x | ZAC63.99 Million |
| 2023 | 15.44% | 9.37% | 1.14x | 1.45x | ZAC81.23 Million |
| 2024 | 14.44% | 9.63% | 1.01x | 1.48x | ZAC75.35 Million |
| 2025 | 14.22% | 10.24% | 0.92x | 1.50x | ZAC80.16 Million |
| 2026 | 14.37% | 10.32% | 0.98x | 1.42x | ZAC89.11 Million |
Industry Comparison
This section compares Argent's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,168,500,000
- Average return on equity (ROE) among peers: 47.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argent (ART) | ZAC2.07 Billion | 20.73% | 0.40x | $111.30 Million |
| ArcelorMittal South Africa Limited (ACL) | $7.96 Billion | 17.21% | 2.59x | $80.56 Million |
| Kumba Iron Ore Ltd (KIO) | $18.38 Billion | 77.94% | 0.52x | $3.83 Billion |
About Argent
Argent Industrial Limited manufactures and trades in steel and steel-related products in South Africa and internationally. It operates through three segments: Manufacturing, Steel Trading; and Properties. The company offers security gates, burglar bars, roller shutters, sectional doors, and expanding barriers; custom-made adjustable louvre shutters; aircraft refueling vehicles and systems; braai … Read more