Financials Grupo Argos S.A.

Equities

End-of-day quote Bolsa De Valores De Colombia Other stock markets 06:00:00 2024-06-11 pm EDT			5-day change	1st Jan Change
16,400 ^COP	-1.32%		-0.73%	+32.05%

May. 17	Transcript : Grupo Argos S.A., Q1 2024 Earnings Call, May 17, 2024
May. 16	Grupo Argos S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	14,347,787	11,195,245	10,880,867	7,586,003	9,920,915	13,196,876	-
Enterprise Value (EV) ¹	29,309,147	25,239,227	24,649,438	20,489,769	21,933,143	283,321	713,476
P/E ratio	22.1 x	-119 x	19.9 x	9.36 x	11.8 x	15.2 x	12.4 x
Yield	2.11%	2.75%	2.82%	6.06%	5.12%	3.52%	3.68%
Capitalization / Revenue	0.85 x	0.8 x	0.72 x	0.36 x	0.44 x	0.63 x	0.59 x
EV / Revenue	1.74 x	1.8 x	1.64 x	0.96 x	0.97 x	0.01 x	0.03 x
EV / EBITDA	6.67 x	7.52 x	5.68 x	3.93 x	3.99 x	0.05 x	0.12 x
EV / FCF	15,057,025 x	-	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-	-
Price to Book	0.91 x	0.72 x	0.64 x	0.39 x	0.58 x	0.66 x	0.65 x
Nbr of stocks (in thousands)	857,227	857,227	869,456	869,456	866,143	862,532	-
Reference price ²	17,800	13,900	13,550	9,490	12,420	16,400	16,400
Announcement Date	2/26/20	2/25/21	2/23/22	3/1/23	2/23/24	-	-

¹COP in Million²COP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	16,798,588	13,990,523	15,045,514	21,339,706	22,593,000	20,888,473	22,209,466
EBITDA ¹	4,391,853	3,354,815	4,336,105	5,220,177	5,503,000	5,348,758	5,852,106
EBIT ¹	2,680,798	1,638,127	2,617,454	3,593,265	4,146,237	3,259,911	3,631,159
Operating Margin	15.96%	11.71%	17.4%	16.84%	18.35%	15.61%	16.35%
Earnings before Tax (EBT) ¹	1,863,432	406,042	1,656,620	2,254,277	2,231,000	2,082,983	2,454,231
Net income ¹	689,565	-100,013	589,799	881,424	916,000	936,169	1,151,061
Net margin	4.1%	-0.71%	3.92%	4.13%	4.05%	4.48%	5.18%
EPS ²	804.0	-116.7	681.3	1,014	1,055	1,077	1,324
Free Cash Flow	1,946,543	-	-	-	-	-	-
FCF margin	11.59%	-	-	-	-	-	-
FCF Conversion (EBITDA)	44.32%	-	-	-	-	-	-
FCF Conversion (Net income)	282.29%	-	-	-	-	-	-
Dividend per Share ²	376.0	382.0	382.0	575.0	636.0	577.8	602.9
Announcement Date	2/26/20	2/25/21	2/23/22	3/1/23	2/23/24	-	-

¹COP in Million²COP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	14,961,360	14,043,982	13,768,571	12,903,766	12,012,228	-	-
Net Cash position ¹	-	-	-	-	-	12,913,555	12,483,400
Leverage (Debt/EBITDA)	3.407 x	4.186 x	3.175 x	2.472 x	2.183 x	-	-
Free Cash Flow	1,946,543	-	-	-	-	-	-
ROE (net income / shareholders' equity)	4.15%	-0.6%	3.36%	4.46%	4.58%	4.4%	5.3%
ROA (Net income/ Total Assets)	1.38%	-0.2%	1.14%	1.61%	1.72%	2.7%	-
Assets ¹	49,824,061	50,798,964	51,682,352	54,763,840	53,200,139	34,672,926	-
Book Value Per Share ²	19,637	19,421	21,320	24,212	21,581	24,669	25,354
Cash Flow per Share	-	-	-	-	-	-	-
Capex	1,370,868	-	-	-	-	-	-
Capex / Sales	8.16%	-	-	-	-	-	-
Announcement Date	2/26/20	2/25/21	2/23/22	3/1/23	2/23/24	-	-

¹COP in Million²COP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

16,400 COP

Average target price

15,425 COP

Spread / Average Target

-5.95%

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