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Argo Investments Limited
(Sydney:ARG)
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Rating:77Outperform
Price Target:
AU$10.50
▲(14.38% Upside)
Action:Upgraded
Date:08/08/26
The score is driven primarily by strong financial quality (exceptional profitability, very low leverage, and solid cash conversion). Offsetting this are overbought technical conditions despite an upward trend, and a less compelling valuation (high P/E) partially balanced by a solid dividend yield.
Positive Factors
Conservatively positioned balance sheet
Negligible leverage gives Argo substantial financial flexibility and limits solvency risk. This supports resilience through market cycles, reduces financing dependence, and preserves capacity to maintain portfolio operations and shareholder distributions.
Negative Factors
Volatile and declining revenue trend
Argo’s revenue is exposed to portfolio income and market conditions rather than recurring operating sales. The recent decline and volatility reduce confidence in steady earnings growth and may constrain the consistency of future distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservatively positioned balance sheet
Negligible leverage gives Argo substantial financial flexibility and limits solvency risk. This supports resilience through market cycles, reduces financing dependence, and preserves capacity to maintain portfolio operations and shareholder distributions.
Read all positive factors
Argo Investments Limited (ARG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.91B
Dividend Yield4.19%
Average Volume (3M)295.99K
Price to Earnings (P/E)27.1
Beta (1Y)0.57
Revenue Growth2.17%
EPS Growth0.68%
CountryAU
Employees14
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.34
Shares Outstanding752,443,400
10 Day Avg. Volume257,422
30 Day Avg. Volume295,992
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.01
Price to Sales (P/S)23.79
P/FCF Ratio32.90
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 Investments Limited Business Overview & Revenue Model
Company Description
Argo Investments Limited operates as a publicly owned asset management firm, responsible for creating and overseeing distinct, client-focused equity portfolios. The company primarily allocates capital within Australia's public equity markets. Its ...
How the Company Makes Money
Argo Investments makes money primarily from investment returns generated by its portfolio of listed securities. Key earnings sources include: (1) Dividend and distribution income received from portfolio holdings, which contributes to the company’s...
Argo Investments Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 296.28M | 283.89M | 285.52M | 295.82M | 331.85M |
| Gross Profit | 295.37M | 283.62M | 275.07M | 280.55M | 332.05M |
| EBITDA | 285.63M | 278.73M | 272.24M | 270.49M | 322.87M |
| Net Income | 260.18M | 259.83M | 252.96M | 271.71M | 312.93M |
Balance Sheet | |||||
| Total Assets | 8.24B | 8.03B | 7.39B | 6.89B | 6.42B |
| Cash, Cash Equivalents and Short-Term Investments | 75.28M | 119.32M | 119.24M | 135.71M | 174.12M |
| Total Debt | 2.00M | 1.44M | 1.66M | 167.00K | 416.00K |
| Total Liabilities | 1.28B | 1.21B | 1.03B | 889.05M | 787.92M |
| Stockholders Equity | 6.96B | 6.82B | 6.36B | 6.00B | 5.64B |
Cash Flow | |||||
| Free Cash Flow | 214.27M | 226.20M | 251.64M | 233.91M | 195.91M |
| Operating Cash Flow | 214.29M | 226.29M | 252.14M | 233.96M | 195.96M |
| Investing Cash Flow | 110.47M | 65.82M | -56.68M | -40.24M | -255.66M |
| Financing Cash Flow | -368.80M | -269.95M | -211.93M | -203.18M | 15.13M |
Argo Investments Limited Technical Analysis
Positive
9.18
Price Trends
8.95
Positive
8.76
Positive
8.74
Positive
Market Momentum
0.08
Positive
59.52
Neutral
20.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ARG, the sentiment is Positive. The current price of 9.18 is above the 20-day moving average (MA) of 9.15, above the 50-day MA of 8.95, and above the 200-day MA of 8.74, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 59.52 is Neutral, neither overbought nor oversold. The STOCH value of 20.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ARG.
Argo Investments Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$6.91B | 27.06 | 3.80% | 4.21% | 2.17% | 0.68% | |
75 Outperform | AU$1.48B | 23.12 | 4.35% | 4.31% | 2.72% | 4.18% | |
72 Outperform | AU$1.71B | 18.02 | 5.08% | 9.91% | -66.55% | -65.99% | |
72 Outperform | AU$2.06B | 11.31 | 8.92% | 6.86% | 125.29% | 151.28% | |
67 Neutral | AU$3.16B | 19.56 | 6.21% | 3.67% | 44.63% | -63.30% | |
63 Neutral | AU$580.47M | 44.48 | 2.07% | 4.06% | 45.10% | 44.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:ARG
Argo Investments Limited
9.23
0.12
1.31%
AU:WAM
WAM Capital Ltd.
1.51
-0.07
-4.67%
AU:WLE
WAM Leaders Limited
1.34
0.10
8.06%
AU:BKI
BKI Investment Co. Ltd.
1.85
0.13
7.64%
AU:MFF
MFF Capital Investments Ltd.
5.34
0.79
17.49%
AU:MIR
Mirrabooka Investments Ltd
2.55
-0.72
-22.02%
Argo Investments Limited Corporate Events
Argo Investments to Outline FY2026 Results and Shift to Quarterly Dividends
Aug 18, 2026
Argo Investments has released presentation slides for its full-year 2026 results webinar, following the announcement of results for the period ended 30 June 2026 earlier this month. The webinar will cover the company’s portfolio, performance...
Argo Investments Reports Weekly NTA and Reaffirms Long-Term Dividend Focus
Aug 17, 2026
Argo Investments Limited has released its latest estimated pre-tax net tangible asset backing per share and corresponding share price for the week ended 14 August 2026, noting that these figures are unaudited and approximate. The listed investment...
Argo lifts NTA and flags reporting-season opportunities as dividends hit record
Aug 10, 2026
Argo reported that its net tangible asset backing per share rose in July, with NTA per share increasing to $11.07 and the tax-adjusted measure to $9.41, before provision for a final dividend of 20 cents per share. The update comes as Australian eq...
Argo Investments Posts NTA Update Showing Discount to Asset Backing
Aug 10, 2026
Argo Investments reported an estimated pre-tax net tangible asset backing of $11.14 per share as at Friday, 7 August 2026, compared with a share price of $9.44 at the close, highlighting a notable discount to NTA. The figures are unaudited and app...
Argo Investments Declares AUD 0.20 Interim Dividend
Aug 4, 2026
Argo Investments Limited has declared a six-month dividend of AUD 0.20 per ordinary fully paid share for the period ended 30 June 2026. The shares will trade ex-dividend on 14 August, with a record date of 17 August and payment scheduled for 18 Se...
Argo Investments to Switch to Quarterly Dividends and Lift Payouts
Aug 4, 2026
Argo Investments Limited has announced a shift from twice-yearly to quarterly dividend payments, beginning in January 2027, in response to shareholder demand for more consistent cash flow. The new schedule will see dividends paid in January, April...
Argo Investments lifts profit, beats market and shifts to quarterly record dividends
Aug 4, 2026
Argo Investments has reported a modest increase in full-year profit to $260.2 million for FY2026, reinforcing its position as a leading income-focused listed investment company in Australia. The firm delivered an 8.7% net tangible asset return aft...
Argo Investments Lifts Earnings, NTA and Annual Dividend in 2026
Aug 4, 2026
Argo Investments Limited reported a modest improvement in operating performance for the year ended 30 June 2026, with income from operating activities rising 2.2% to A$296.3 million and profit edging up 0.1% to A$260.2 million compared with the pr...
Argo Investments posts updated NTA as LIC highlights strong balance sheet
Aug 3, 2026
Argo Investments Limited, a top-100 ASX-listed investment company founded in 1946, manages over $8 billion for approximately 90,000 shareholders through a diversified, low-cost portfolio. The company emphasises a strong balance sheet with no debt,...
Argo Investments Posts Weekly NTA Update, Highlights Low-Cost, Diversified Model
Jul 27, 2026
Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.82 per share as at Friday, 24 July 2026, with its share price closing at $8.97. The NTA figures are unaudited and approximate, providing investors with an ind...
Argo Investments’ NTA Outpaces Market as Blue-Chip Portfolio Delivers Strong Half-Year Gains
Jul 13, 2026
Argo Investments reported a net tangible asset backing per share of $10.84 at 30 June, or $9.25 after allowing for unrealised tax, with its NTA rising 2.4% in June and 7.1% over the half year. These returns significantly outpaced the SP/ASX 200 Ac...
Argo Investments’ Shares Trade Below Estimated NTA Amid Dividend-Focused Strategy
Jul 13, 2026
Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.85 per share as at Friday, 10 July 2026, with its share price closing at $9.08, indicating the stock is trading at a discount to its underlying asset value. T...
Argo Investments Posts Latest Pre‑Tax NTA Versus Share Price
Jul 6, 2026
Argo Investments has released an updated estimate of its pre‑tax net tangible asset backing per share at $10.85 as at Friday, 3 July 2026, compared with a share price of $9.08. The NTA figures are unaudited and approximate, offering sharehol...
Argo Maps Out 2026 Results, Dividend and AGM Timetable
Jul 1, 2026
Argo Investments has outlined its timetable for the 2026 financial year-end reporting cycle and shareholder events, setting clear expectations for investors around results, dividends and governance milestones. The company plans to release its resu...
Argo Director Lianne Buck Increases Shareholding via On-Market Purchase
Jul 1, 2026
Argo Investments has reported a change in director Lianne Margaret Buck’s shareholding following an on-market purchase. Buck acquired 1,500 fully paid ordinary shares at $9.15 per share on 30 June 2026, increasing her direct holding from 16,...
Argo Investments Posts Weekly NTA and Highlights Low-Cost, Debt-Free Model
Jun 29, 2026
Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.79 per share as at Friday, 26 June 2026, with its share price closing at $9.08, based on unaudited and approximate figures. The company highlighted its divers...
Argo Director Increases Indirect Shareholding Through On-Market Purchase
Jun 29, 2026
Argo Investments has disclosed a change in director Melissa Kate Holzberger’s relevant interests in the company’s securities, reflecting an increase in her indirect shareholding. The shares are held through SNJD Holdings Pty Ltd as a b...
Argo Director Peter Warne Acquires 40,000 Shares on Market
Jun 29, 2026
Argo Investments has disclosed a change in director Peter Hastings Warne’s relevant interests, reflecting an increased personal alignment with the company’s equity. The disclosure was made in accordance with ASX listing rules and corpo...
Argo Investments Cancels Over 1.1 Million Shares After On-Market Buy-Back
Jun 23, 2026
Argo Investments Limited has cancelled 1,134,734 ordinary fully paid shares following an on-market buy-back completed on 23 June 2026. The reduction in issued capital through the buy-back program may enhance earnings per share and signal capital m...
Argo Investments Posts Weekly NTA Update Showing Discount to Asset Backing
Jun 22, 2026
Argo Investments reported an estimated pre-tax net tangible asset backing of $10.78 per share as at Friday, 19 June 2026, with its share price closing at $8.89, highlighting a discount to its underlying asset value. The company emphasised its dive...
Argo Investments Updates Daily On-Market Share Buy-Back Activity
Jun 16, 2026
Argo Investments Limited has issued an updated notification on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code ARG. The company continues to execute daily repurchases as part of a previously...
Argo Updates ASX on Ongoing On-Market Share Buy-Back
Jun 16, 2026
Argo Investments Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares under code ARG. The company reported that a total of 6,037,475 shares had been bought back prior...
Argo Investments Continues On-Market Share Buy-Back Program
Jun 9, 2026
Argo Investments Limited has continued its on-market share buy-back program, repurchasing ordinary fully paid shares under its previously announced capital management initiative. The company reported that it had bought back a total of 5,807,867 sh...
Argo Updates Weekly NTA, Underscores Low-Cost Dividend-Focused Model
Jun 9, 2026
Argo Investments Limited has released an updated estimate of its pre-tax net tangible asset backing per share and corresponding share price as at Friday, 5 June 2026, noting the figures are unaudited and approximate. The disclosure provides invest...
Argo Investments Updates Market on Progress of On‑Market Share Buy-Back
Jun 8, 2026
Argo Investments Limited has issued an updated notification to the ASX detailing progress under its on‑market share buy-back program for its ordinary fully paid shares. The company reported that a total of 5,694,746 shares had been repurchas...
Argo Investments Updates Market on Ongoing On-Market Share Buy-Back
Jun 4, 2026
Argo Investments Limited, an Australian listed investment company trading under the ASX code ARG, provides shareholders with diversified exposure to Australian equities through a professionally managed portfolio. The company is known for its focus...
Argo Investments’ NTA Outperforms Market Amid Materials-Led Rally
Jun 4, 2026
Argo Investments reported a net tangible asset backing of $10.59 per share as at 31 May, or $9.06 after allowing for unrealised tax, highlighting the strength of its $8.0 billion portfolio in a volatile market. The company noted that its NTA has o...
Argo Investments Updates Daily On-Market Share Buy-Back Activity
Jun 3, 2026
Argo Investments Limited has reported an update to its on-market share buy-back program covering its ordinary fully paid shares traded under the ASX code ARG. The company is continuing to reduce its share count as part of capital management, which...
Argo Investments Updates Market on Progress of On‑Market Share Buy‑Back
Jun 2, 2026
Argo Investments Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid shares. The company confirmed that a total of 5,356,434 shares had been repurchased prior to...
Argo Investments Cancels Over 5.2 Million Shares in On-Market Buy-Back
Jun 2, 2026
Argo Investments Limited has cancelled 5,245,176 ordinary fully paid shares following completion of an on-market buy-back, as disclosed in a notification of cessation of securities. The reduction in issued capital is expected to marginally increas...
Argo Investments Updates Market on Ongoing Share Buy-Back Activity
Jun 1, 2026
Argo Investments Limited has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares, listed under ASX code ARG. The company reported that it has repurchased a cumulative total of 5,245,176 shares prio...
Argo Investments Posts Estimated Pre-Tax NTA of $10.59 a Share
Jun 1, 2026
Argo Investments has released an unaudited estimate of its pre-tax net tangible asset backing per share of $10.59 as at Friday 29 May 2026, compared with a share price of $8.94 at the close of trade. The company highlights its debt-free balance sh...
Argo Investments Updates Daily On-Market Share Buy-Back Activity
May 31, 2026
Argo Investments Limited has issued an updated notification of its on-market share buy-back program for its ordinary fully paid shares. The company reported that it had repurchased a cumulative total of 5,132,555 shares prior to the previous day, ...
Argo Updates Market on Ongoing On-Market Share Buy-Back
May 28, 2026
Argo Investments Limited has updated the market on its ongoing on-market share buy-back program, confirming that it repurchased 112,457 ordinary fully paid shares in the most recent trading day, bringing the cumulative total bought back to 5,020,0...
Argo Investments Updates Market on Ongoing Share Buy-Back
May 27, 2026
Argo Investments Limited has updated the market on the progress of its on-market share buy-back program for its ordinary fully paid shares. The latest notification, dated 28 May 2026, confirms the company continues to actively repurchase its stock...
Argo Investments Updates Market on Progress of On‑Market Share Buy‑Back
May 26, 2026
Argo Investments Limited has provided an updated notification to the ASX on the progress of its on‑market share buy‑back, covering ordinary fully paid shares under the code ARG. The company reported that it had repurchased a total of 4...
Argo Investments Posts Daily Update on Ongoing Share Buy-Back
May 26, 2026
Argo Investments Limited has updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 4,681,995 shares had been repurchased prior to the latest trading day, with a ...
Argo Investments Posts Weekly NTA Update Showing Discount to Share Price
May 25, 2026
Argo Investments reported an estimated unaudited pre-tax net tangible asset backing of $10.55 per share as at Friday, 22 May 2026, compared with a share price of $8.73 at the market close. The update highlights the company’s continued emphas...
Argo Investments Updates Market on Progress of On-Market Share Buy-Back
May 21, 2026
Argo Investments Limited has provided an update on its ongoing on-market share buy-back program involving its ordinary fully paid shares listed on the ASX under the code ARG. The company continues to actively repurchase its own stock as part of a ...
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.