Added to YB: 2026-01-22
Pitch date: 2026-01-21
ART.JO [bullish]
Argent Industrial Limited
-2.21%
current return
Author Info
No bio for this author
Company Info
Argent Industrial Limited manufactures and trades in steel and steel-related products in South Africa, Asia, the Middle East, Australia, New Zealand, North America, South America, rest of Africa, the United Kingdom, rest of Europe, and internationally.
Market Cap
ZAR 1.8B
Pitch Price
ZAR 33.97
Price Target
135.00 (+306%)
Dividend
4.03%
EV/EBITDA
3.10
P/E
6.30
EV/Sales
0.51
Sector
Building Products
Category
value
A Serial Acquirer with a 30% EPS CAGR, Trading at 5x FCF - Argent Industrial Limited
ART.JO: Serial acquirer transformed from low-quality SA steel trader to UK-focused manufacturer. 65% earnings from UK/NA subsidiaries. 30% EPS CAGR since 2017, trading at 5x FCF vs peers at 15x+. Strong M&A track record with 15%+ acquisition yields. R500mn net cash for deployment. Price target R135 (32% IRR) on 10x multiple expansion + 15% growth. Risks: SA exposure, currency, mgmt track record.
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