Company Valuation: Cementos Argos S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2025 2026 2027 2028
Market Cap 1 7,151,625 4,213,723 7,151,361 13,844,477 13,161,522 - -
Change - -41.08% 69.72% - -4.93% - -
Enterprise Value (EV) 1 13,682,478 11,160,018 13,415,951 7,509,884 7,773,977 8,050,482 8,164,462
Change - -18.44% 20.21% - 3.52% 3.56% 1.42%
P/E 16.6x 29.6x 22.3x 5.52x 20.7x 18.9x 17.8x
PBR 0.91x 0.38x 0.85x 1.31x 1.32x 1.31x 1.31x
PEG - -0.4x 0x - -0.3x 2.02x 2.82x
Capitalization / Revenue 0.73x 0.36x 0.56x 2.69x 2.5x 2.33x 2.14x
EV / Revenue 1.39x 0.96x 1.05x 1.46x 1.48x 1.43x 1.33x
EV / EBITDA 6.35x 5.22x 5x 5.89x 6.16x 5.77x 5.27x
EV / EBIT 11.1x 9.49x 8.18x 11.3x 9.44x 8.68x 7.8x
EV / FCF 15.1x 15.9x 10.3x 21.6x 13.4x 22.5x 13.1x
FCF Yield 6.62% 6.29% 9.74% 4.62% 7.44% 4.44% 7.62%
Dividend per Share 2 127.6 210.9 - 385 444.8 449.7 499.2
Rate of return 2.09% 5.86% - 3.58% 4.1% 4.15% 4.61%
EPS 2 368.3 121.6 273.5 1,948 524.8 573.8 610
Distribution rate 34.6% 173% - 19.8% 84.8% 78.4% 81.8%
Net sales 1 9,817,689 11,684,055 12,717,345 5,155,682 5,270,394 5,644,851 6,143,609
EBITDA 1 2,156,154 2,138,086 2,683,972 1,274,741 1,261,451 1,396,121 1,548,277
EBIT 1 1,235,013 1,176,346 1,640,441 661,730 823,456 927,622 1,047,022
Net income 1 431,132 142,287 319,945 2,505,553 595,765 671,679 718,937
Net Debt 1 6,530,853 6,946,295 6,264,590 -6,334,593 -5,387,545 -5,111,040 -4,997,060
Reference price 2 6,110.00 3,600.00 6,110.00 10,760.00 10,840.00 10,840.00 10,840.00
Nbr of stocks (in thousands) 1,170,479 1,170,479 1,170,435 1,286,661 1,214,163 - -
Announcement Date 17/02/22 21/02/23 21/02/24 19/02/26 - - -
1COP in Million2COP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.66x1.48x6.16x4.1% 4.17B
15.2x1.77x8.7x1.82% 57.06B
18.81x2.55x10.04x2.76% 45.43B
33.54x6.06x18.42x0.69% 35.77B
34.32x3.39x18.03x1.13% 34.53B
30.24x4.63x15.74x0.8% 34.01B
11.74x1.41x6.58x2.62% 29B
16.38x2.05x8.3x1.34% 21.92B
66.91x4.15x64.3x0.34% 20.71B
14.8x4.79x9.65x2.68% 18.07B
Average 26.26x 3.23x 16.59x 1.83% 30.07B
Weighted average by Cap. 25.19x 3.23x 15.55x 1.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cementos Argos S.A.

Historical PBR trend

Valuation ratios - PBR - Cementos Argos S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cementos Argos S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cementos Argos S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cementos Argos S.A.
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