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Argo Global Listed Infrastructure Ltd.
(Sydney:ALI)
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Rating:64Neutral
Price Target:
AU$3.00
â–²(18.11% Upside)
Action:Reiterated
Date:08/24/26
The score is primarily driven by mixed fundamentals: a strong, debt-free balance sheet and solid profitability are offset by repeated negative operating cash flow and revenue volatility, which weaken earnings quality. Technicals are supportive with the price above key moving averages and moderate momentum indicators. Valuation is a modest headwind due to the relatively high P/E, partly balanced by a ~3.7% dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free structure limits interest-rate exposure and financial distress risk, giving ALI flexibility to maintain its portfolio through market cycles. The substantial equity base also supports resilience when infrastructure holdings experience valuation or income volatility.
Negative Factors
Inconsistent operating cash generation
Repeated negative operating cash flow raises concerns about the sustainability and quality of reported earnings. If portfolio income and realised gains do not consistently translate into cash, ALI may have less flexibility to fund distributions and manage investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free structure limits interest-rate exposure and financial distress risk, giving ALI flexibility to maintain its portfolio through market cycles. The substantial equity base also supports resilience when infrastructure holdings experience valuation or income volatility.
Read all positive factors
Argo Global Listed Infrastructure Ltd. (ALI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$489.82M
Dividend Yield4.23%
Average Volume (3M)77.67K
Price to Earnings (P/E)11.9
Beta (1Y)0.42
Revenue Growth-32.79%
EPS Growth-24.57%
CountryAU
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.22
Shares Outstanding188,391,780
10 Day Avg. Volume74,101
30 Day Avg. Volume77,666
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)0.93
Price to Sales (P/S)10.32
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Argo Global Listed Infrastructure Ltd. Business Overview & Revenue Model
Company Description
Argo Global Listed Infrastructure Limited is an Australian-domiciled, diversified closed-end investment trust that began operating on May 20, 2015. Primarily overseen by Argo Service Company Pty Ltd, the fund also benefits from co-management by Co...
How the Company Makes Money
ALI makes money primarily through investment returns generated by its portfolio of listed infrastructure securities. Key sources include: (1) Dividend and distribution income received from portfolio holdings (e.g., utilities, toll roads, airports,...
Argo Global Listed Infrastructure Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 45.11M | 83.04M | 22.68M | 20.41M | 48.91M |
| Gross Profit | 38.51M | 83.04M | 22.29M | 14.50M | 48.87M |
| EBITDA | 56.39M | 76.75M | 15.94M | 13.71M | 42.69M |
| Net Income | 39.53M | 52.22M | 12.85M | 9.63M | 29.87M |
Balance Sheet | |||||
| Total Assets | 528.87M | 476.12M | 422.48M | 433.80M | 421.86M |
| Cash, Cash Equivalents and Short-Term Investments | 523.20M | 471.52M | 418.08M | 428.83M | 420.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 28.34M | 22.81M | 5.35M | 15.92M | 21.42M |
| Stockholders Equity | 500.53M | 453.31M | 417.13M | 417.88M | 400.44M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 16.26M | 13.30M | -10.50M | -12.69M |
| Operating Cash Flow | -11.29M | 16.26M | 13.30M | -10.50M | -12.69M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 7.69M | -16.04M | -13.60M | 7.81M | 19.41M |
Argo Global Listed Infrastructure Ltd. Technical Analysis
Positive
2.54
Price Trends
2.53
Positive
2.46
Positive
2.41
Positive
Market Momentum
0.01
Negative
59.09
Neutral
36.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ALI, the sentiment is Positive. The current price of 2.54 is below the 20-day moving average (MA) of 2.55, above the 50-day MA of 2.53, and above the 200-day MA of 2.41, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.09 is Neutral, neither overbought nor oversold. The STOCH value of 36.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ALI.
Argo Global Listed Infrastructure Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$651.43M | 13.50 | 7.56% | 5.02% | -61.20% | -63.78% | |
67 Neutral | AU$1.54B | 47.98 | 5.81% | 1.89% | 2.27% | -84.63% | |
67 Neutral | AU$1.80B | 6.50 | 19.98% | 3.93% | ― | 40.23% | |
64 Neutral | AU$489.82M | 11.92 | 8.25% | 3.85% | -32.79% | -24.57% | |
59 Neutral | AU$765.95M | -21.67 | -4.16% | 7.70% | -123.14% | -133.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | AU$32.72M | -24.68 | -3.10% | ― | -137.88% | -267.38% |
* General Sector Average
AU:ALI
Argo Global Listed Infrastructure Ltd.
2.60
0.25
10.64%
AU:NGI
Navigator Global Investments Ltd
2.52
0.42
19.71%
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.25
0.58
21.63%
AU:GFL
Global Masters Fund Limited
2.90
-0.83
-22.25%
AU:WGB
WAM Global Ltd.
2.13
-0.26
-10.99%
AU:FGG
Future Generation Global Limited
1.62
0.16
11.03%
Argo Global Listed Infrastructure Ltd. Corporate Events
Argo Global Listed Infrastructure lifts record dividend as AI-driven power demand boosts returns
Aug 20, 2026
Argo Global Listed Infrastructure reported a full-year profit of $39.5 million for FY2026 and lifted its fully franked dividends to a record 10.0 cents per share, delivering a 5.6% yield and extending its streak to 17 consecutive fully franked pay...
Argo Global Listed Infrastructure Lifts Dividend Despite Profit Decline
Aug 20, 2026
Argo Global Listed Infrastructure Limited reported a decline in financial performance for the year ended 30 June 2026, with investment income falling 23.4% to A$63.8 million and profit down 24.3% to A$39.5 million compared with the prior year. Des...
Argo Global Listed Infrastructure Posts Updated Pre-Tax NTA and Share Price
Aug 18, 2026
Argo Global Listed Infrastructure Limited (ASX: ALI) reported an estimated pre-tax net tangible asset (NTA) per share of $2.68 as at 7 August 2026, alongside a share price of $2.79. These figures, which are unaudited and approximate, offer investo...
Argo Global Listed Infrastructure Extends Outperformance as Rail Stocks Drive July Gains
Aug 12, 2026
Global infrastructure equities advanced in July, rising 1.2% in Australian dollar terms and outperforming broader global markets, which were weighed down by Middle East tensions, higher oil prices, and renewed inflation fears. Rail operators, part...
Argo Global Listed Infrastructure posts weekly NTA update and share price snapshot
Aug 10, 2026
Argo Global Listed Infrastructure Ltd. reported an estimated pre-tax net tangible asset (NTA) per share of $2.68 as at 7 August 2026, with the company’s share price at $2.79. These metrics, which are unaudited and approximate, provide invest...
Argo Global Listed Infrastructure Shares Trade Below Estimated NTA
Aug 4, 2026
Argo Global Listed Infrastructure has reported an estimated pre-tax net tangible asset value per share of approximately $2.79, compared with a share price of about $2.60 as at 31 August 2026, highlighting a discount between market price and underl...
Argo Global Listed Infrastructure Posts Weekly NTA and Share Price Update
Jul 27, 2026
Argo Global Listed Infrastructure reported an estimated pre-tax net tangible asset value per share of approximately $2.11 and a share price of about $2.16 as at late July 2026. These figures, which are unaudited and approximate, reflect the fund&#...
Argo Global Listed Infrastructure Shares Trade Below Asset Backing
Jul 21, 2026
Argo Global Listed Infrastructure Ltd., an ASX-listed investment company, gives Australian investors diversified access to global listed infrastructure assets via a single trade. Founded by Argo Investments, it oversees more than $400 million in c...
Argo Global Listed Infrastructure Lifts NTA as Portfolio Outperforms Benchmark
Jul 14, 2026
Argo Global Listed Infrastructure reported a rise in net tangible asset backing per share to $2.75 at 30 June, or $2.66 after unrealised tax provisions, reflecting strong portfolio performance. The actively managed global infrastructure fund, list...
Argo Global Listed Infrastructure Trades Below Estimated Asset Backing
Jul 13, 2026
Argo Global Listed Infrastructure Ltd. reported an estimated pre-tax net tangible asset backing of $2.77 per share as at 10 July 2026, compared with a share price of $2.58. These figures, which are unaudited and approximate, indicate the stock is ...
Argo Global Lists Weekly NTA Update for Infrastructure Portfolio
Jul 7, 2026
Argo Global Listed Infrastructure Ltd. has released updated weekly figures showing its estimated pre-tax net tangible asset backing per share at $2.81 and its share price at $2.57 as at 26 June. These unaudited and approximate metrics provide shar...
Argo Global Listed Infrastructure Sets 2026 Reporting, Dividend and AGM Timetable
Jul 1, 2026
Argo Global Listed Infrastructure Ltd. has outlined its timetable for end-of-year financial reporting, dividend distribution, and the 2026 Annual General Meeting. The company plans to announce results for the year ended 30 June 2026 on 21 August, ...
Argo Global Listed Infrastructure Shares Trade Below Estimated NTA
Jun 30, 2026
Argo Global Listed Infrastructure reported an estimated pre-tax net tangible asset backing of $2.80 per share as at 19 June, compared with a market share price of $2.57. The figures are unaudited and approximate, but they indicate that the company...
Argo Global Listed Infrastructure Posts Weekly NTA Update at Discount to Share Price
Jun 22, 2026
Argo Global Listed Infrastructure reported an estimated pre-tax net tangible asset backing of about $2.68 per share as at 19 June 2026, compared with a share price of roughly $2.46. The figures, which are unaudited and approximate, highlight a dis...
Argo Global Director Increases Stake via Share Purchase Plan
Jun 17, 2026
Argo Global Listed Infrastructure Ltd. has reported a change in director Mark James Henty Hall’s indirect interest in the company’s shares. Hall, through a family account jointly held with Anne Louise Hall, acquired 12,500 fully paid o...
Argo Global Director Increases Stake via Share Purchase Plan
Jun 17, 2026
Argo Global Listed Infrastructure Ltd. has reported a change in director Sarah Jane Brennan’s relevant interest in the company’s shares. Brennan holds her interest indirectly via Invia Custodian Pty Limited as trustee for the Brennan S...
Argo Global Listed Infrastructure Raises $24.8m Through Share Purchase Plan
Jun 10, 2026
Argo Global Listed Infrastructure Ltd. has completed its Share Purchase Plan, which was open to existing shareholders and closed on 5 June 2026. The offer formed part of the company’s broader capital management strategy to raise additional e...
Argo Global Listed Infrastructure Trades Below Estimated NTA
Jun 9, 2026
Argo Global Listed Infrastructure Limited reported an estimated pre-tax net tangible asset backing of $2.69 per share as at 5 June 2026, compared with a share price of $2.49. These indicative figures, which are unaudited and approximate, highlight...
Argo Global Listed Infrastructure Shares Trade at Premium to Estimated NTA
Jun 1, 2026
Argo Global Listed Infrastructure reported an estimated pre-tax net tangible asset (NTA) per share of about $2.19, with its shares trading at approximately $2.45, indicating a premium to NTA. The NTA figures are unaudited and approximate, and the ...
Argo Global Listed Infrastructure Posts Weekly NTA and Share Price Update
May 26, 2026
Argo Global Listed Infrastructure Limited reported that as of 15 May, its estimated pre-tax net tangible assets per share stood at approximately $2.75, while its share price was about $2.51. The company noted these NTA figures are unaudited and ap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.