Argent Industrial (JSE:ART) Intrinsic Value: Projected FCF: R74.64 (As of Sep. 12, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:ART Argent Industrial Ltd JSE:ART
73 GF Score
Price R40.50
GF Value R30.25
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Argent Industrial Intrinsic Value: Projected FCF?

Argent Industrial JSE:ART 73 Intrinsic Value: Projected FCF is R74.64 as of Sep. 12, 2026. GuruFocus rates JSE:ART with a GF Score™ of 73/100 and a GF Value™ of R30.25 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 447 Steel companies, Argent Industrial ranks better than 64.21% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-12), Argent Industrial's Intrinsic Value: Projected FCF is R74.64. The stock price of Argent Industrial is R40.50. Therefore, Argent Industrial's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Argent Industrial's Intrinsic Value: Projected FCF or its related term are showing as below:

JSE:ART' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.28   Med: 0.33   Max: 0.54
Current: 0.54

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Argent Industrial was 0.54. The lowest was 0.28. And the median was 0.33.

JSE:ART's Price-to-Projected-FCF is ranked better than
64.21% of 447 companies
in the Steel industry
Industry Median: 0.74 vs JSE:ART: 0.54

Argent Industrial  (JSE:ART) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Argent Industrial's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=40.50/74.640236534901
=0.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Argent Industrial Intrinsic Value: Projected FCF Related Terms


Argent Industrial Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Argent Industrial's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Argent Industrial Intrinsic Value: Projected FCF Chart

Argent Industrial Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.94 45.92 56.79 66.25 74.64

Argent Industrial Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.79 0.00 66.25 0.00 74.64

JSE:ART vs NUE, STLD, RS: Intrinsic Value: Projected FCF Comparison

For the Steel subindustry, Argent Industrial's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Argent Industrial Price-to-Projected-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Argent Industrial's Price-to-Projected-FCF falls into.


JSE:ART
73GF Score
Argent Industrial Ltd JSE:ART
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Argent Industrial Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Argent Industrial's Free Cash Flow(6 year avg) = R161.19.

Argent Industrial's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*161.19157142857+2039.536*0.8)/53.957
=74.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of R74.64 mean?
Argent Industrial (JSE:ART) has a Intrinsic Value: Projected FCF of R74.64 as of Sep. 12, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Argent Industrial and its competitors. According to the industry distribution chart, Argent Industrial ranks #160 out of 447 companies in the Steel industry, placing it in the top 35.8%.
Is Argent Industrial's Intrinsic Value: Projected FCF too high?
Argent Industrial's current Intrinsic Value: Projected FCF is R74.64. Based on the distribution chart, Argent Industrial ranks #160 out of 447 companies in the Steel industry, which is above the industry midpoint. Overall, Argent Industrial has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's Intrinsic Value: Projected FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #160 out of 447 companies for Intrinsic Value: Projected FCF. This puts Argent Industrial in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Steel company?
The median Intrinsic Value: Projected FCF among Steel companies is 0.74, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Argent Industrial and its competitors. For the Steel industry, the median Intrinsic Value: Projected FCF is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argent Industrial's current Intrinsic Value: Projected FCF is R74.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R30.25, compared to a current price of R40.50 — trading 33.9% above its estimated fair value. The current Intrinsic Value: Projected FCF is R74.64. Argent Industrial's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Argent Industrial (JSE:ART), the current Intrinsic Value: Projected FCF is R74.64 as of Sep. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Argent Industrial (JSE:ART) Overvalued in 2026?

Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued. The current stock price of R40.50 is trading 33.9% above its estimated GF Value™ of R30.25. GuruFocus considers Argent Industrial to be Significantly Overvalued.

Key valuation signals for JSE:ART:

  • Intrinsic Value: Projected FCF: R74.64
  • GF Value™: R30.25 vs. price of R40.50 (33.9% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Argent Industrial Business Description

Other Exchanges AILTF:USA
Address 8 Sinembe Crescent, Sinembe Park, First Floor, Ridge 63, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
73GF Score

Get the complete analysis for JSE:ART

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R40.50
Price
R30.25
GF Value