Argan S.A.
ARGAN SA is the only French real estate company specializing in the Development & Rental of Premium Warehouses listed on Euro Next. Building on a unique customer-centric approach, ARGAN develops PREMIUM and pre-let Au0nom labelled warehouses i.e., which produce their own energy for self-consumption for blue-chip companies, with tailor-made services throughout all project phases from the developme… Read more
Argan S.A. (0GN6) - Net Assets
Latest net assets as of June 2025: €2.34 Billion EUR
Based on the latest financial reports, Argan S.A. (0GN6) has net assets worth €2.34 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.31 Billion) and total liabilities (€1.97 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.34 Billion |
| % of Total Assets | 54.29% |
| Annual Growth Rate | 18.77% |
| 5-Year Change | 53.16% |
| 10-Year Change | 674.42% |
| Growth Volatility | 24.68 |
Argan S.A. - Net Assets Trend (2008–2024)
This chart illustrates how Argan S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Argan S.A. (2008–2024)
The table below shows the annual net assets of Argan S.A. from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.26 Billion | +17.80% |
| 2023-12-31 | €1.92 Billion | -14.75% |
| 2022-12-31 | €2.26 Billion | +4.24% |
| 2021-12-31 | €2.16 Billion | +46.32% |
| 2020-12-31 | €1.48 Billion | +19.36% |
| 2019-12-31 | €1.24 Billion | +89.56% |
| 2018-12-31 | €653.48 Million | +26.23% |
| 2017-12-31 | €517.68 Million | +34.04% |
| 2016-12-31 | €386.20 Million | +32.07% |
| 2015-12-31 | €292.42 Million | +17.01% |
| 2014-12-31 | €249.92 Million | +10.36% |
| 2013-12-31 | €226.46 Million | +11.71% |
| 2012-12-31 | €202.72 Million | +3.95% |
| 2011-12-31 | €195.01 Million | +28.85% |
| 2010-12-31 | €151.35 Million | +33.20% |
| 2009-12-31 | €113.62 Million | -21.35% |
| 2008-12-31 | €144.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argan S.A.'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 24669000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €245.70 Million | 11.04% |
| Common Stock | €50.80 Million | 2.28% |
| Other Comprehensive Income | €1.60 Billion | 71.70% |
| Other Components | €333.37 Million | 14.98% |
| Total Equity | €2.23 Billion | 100.00% |
Argan S.A. Competitors by Market Cap
The table below lists competitors of Argan S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Three Squirrels
SHE:300783
|
$550.93 Million |
|
Willfar Information Technology Co Ltd
SHG:688100
|
$550.94 Million |
|
Maoyan Entertainment
PINK:MAOFF
|
$551.13 Million |
|
SZZT Electronics Co Ltd
SHE:002197
|
$551.16 Million |
|
Winner Information Technology Co Inc
SHE:300609
|
$550.80 Million |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
$550.76 Million |
|
China Animal Husbandry Industry Co Ltd
SHG:600195
|
$550.49 Million |
|
Sunac Services Holdings Limited
PINK:SSHLY
|
$550.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argan S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,887,799,000 to 2,226,068,000, a change of 338,269,000 (17.9%).
- Net income of 245,696,000 contributed positively to equity growth.
- Dividend payments of 52,524,000 reduced retained earnings.
- Share repurchases of 844,000 reduced equity.
- Other comprehensive income decreased equity by 280,353,999.
- Other factors increased equity by 426,294,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €245.70 Million | +11.04% |
| Dividends Paid | €52.52 Million | -2.36% |
| Share Repurchases | €844.00K | -0.04% |
| Other Comprehensive Income | €-280.35 Million | -12.59% |
| Other Changes | €426.29 Million | +19.15% |
| Total Change | €- | 17.92% |
Book Value vs Market Value Analysis
This analysis compares Argan S.A.'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: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.81x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | €11.06 | €64.25 | x |
| 2010-12-31 | €14.93 | €64.25 | x |
| 2011-12-31 | €15.48 | €64.25 | x |
| 2012-12-31 | €14.55 | €64.25 | x |
| 2013-12-31 | €16.05 | €64.25 | x |
| 2014-12-31 | €17.64 | €64.25 | x |
| 2015-12-31 | €20.60 | €64.25 | x |
| 2016-12-31 | €26.84 | €64.25 | x |
| 2017-12-31 | €35.05 | €64.25 | x |
| 2018-12-31 | €40.07 | €64.25 | x |
| 2019-12-31 | €69.91 | €64.25 | x |
| 2020-12-31 | €66.34 | €64.25 | x |
| 2021-12-31 | €94.49 | €64.25 | x |
| 2022-12-31 | €97.14 | €64.25 | x |
| 2023-12-31 | €81.97 | €64.25 | x |
| 2024-12-31 | €90.24 | €64.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argan S.A. 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): 11.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 102.81%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.91x
- Recent ROE (11.04%) is below the historical average (12.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -23.43% | -88.09% | 0.07x | 3.84x | €-37.99 Million |
| 2010 | 26.68% | 106.75% | 0.06x | 3.94x | €25.25 Million |
| 2011 | 10.13% | 45.40% | 0.06x | 3.76x | €257.60K |
| 2012 | 12.85% | 50.11% | 0.06x | 4.19x | €5.77 Million |
| 2013 | 12.50% | 45.70% | 0.06x | 4.25x | €5.65 Million |
| 2014 | 16.33% | 61.61% | 0.07x | 3.87x | €15.82 Million |
| 2015 | 17.00% | 73.71% | 0.06x | 3.60x | €20.46 Million |
| 2016 | 24.66% | 141.96% | 0.06x | 2.88x | €56.63 Million |
| 2017 | 17.71% | 121.20% | 0.05x | 2.75x | €39.91 Million |
| 2018 | 22.12% | 169.25% | 0.06x | 2.35x | €79.18 Million |
| 2019 | 17.36% | 210.65% | 0.03x | 2.38x | €91.16 Million |
| 2020 | 18.86% | 163.04% | 0.05x | 2.30x | €131.01 Million |
| 2021 | 31.43% | 359.85% | 0.04x | 2.12x | €455.55 Million |
| 2022 | 4.29% | 48.04% | 0.04x | 2.00x | €-126.66 Million |
| 2023 | -13.96% | -119.33% | 0.05x | 2.16x | €-452.23 Million |
| 2024 | 11.04% | 102.81% | 0.06x | 1.91x | €23.09 Million |
Industry Comparison
This section compares Argan S.A.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argan S.A. (0GN6) | €2.34 Billion | -23.43% | 0.84x | $550.84 Million |
| Nyfosa AB (0A0K) | $3.48 Billion | 34.90% | 2.92x | $966.63 Million |
| Tethys Oil AB (0A1V) | $56.23 Million | 21.07% | 0.01x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $11.29 Billion | 0.81% | 0.10x | $258.25 Million |
| Strategy Inc (0A7O) | $361.50 Million | 1.39% | 0.55x | $38.08 Billion |
| NACON SASU (0A9N) | $210.72 Million | 8.63% | 0.51x | $7.82 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $545.92 Million |
| Truecaller AB Series B (0AA7) | $1.51 Billion | 34.81% | 0.30x | $277.14 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $74.17 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $-10.19 Million | 0.00% | 0.00x | $71.96 Million |
| Kalray S.A. (0ABT) | $39.07 Million | -59.55% | 1.26x | $33.84 Million |