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Argo Investments Limited (ARG) AI Stock Analysis

38 Followers
AU:ARG

Argo Investments Limited

(ASX:ARG)

Select Model
Rating:78Outperform
Price Target:AUD 11.00▲(16.03% Upside)
Action:reiterated
Date:11/09/26

The score is primarily driven by high-quality financials—exceptional margins, negligible leverage, and strong cash conversion—tempered by inconsistent revenue and cash flow growth. Technically, the uptrend supports the rating, but overbought signals add near-term risk. Valuation is a headwind due to the higher P/E, partly balanced by the ~4% dividend yield.

Positive Factors
Balance Sheet StrengthNegligible leverage gives Argo substantial financial flexibility and keeps solvency risk low. A conservative balance sheet can help the company maintain distributions, withstand weaker market conditions, and pursue portfolio objectives without significant interest or refinancing pressure.
Negative Factors
Revenue InstabilityThe recent pattern of declining revenue shows that Argo’s earnings base remains sensitive to portfolio and market conditions. This volatility reduces confidence in sustained growth, makes forward earnings less predictable, and limits the durability of otherwise strong profitability.

Argo Investments Limited (ARG) vs. iShares MSCI Australia ETF (EWA)

-5%0%5%10%15%20%25%AU:ARG+9.23%EWA+16.89%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 7.13B
Dividend Yield
4.06%
Average Volume (3M)
337.72K
Price to Earnings (P/E)
27.9
Beta (1Y)
0.57
Revenue Growth
2.17%
EPS Growth
0.68%
Country
Australia
Employees
14
Sector
General
Sector Strength
55
Industry
Asset Management

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 inv...

Argo Investments Limited Financial Statement Overview

Summary

Very strong profitability (net margins ~88%–94%) and excellent balance sheet conservatism (near-zero debt) support a high score, reinforced by solid cash conversion (free cash flow roughly matching net income). The main constraint is volatility/declines in revenue since 2023 and uneven free cash flow momentum, which reduces confidence in growth stability.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

84Very Positive
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue296.28M296.28M283.89M285.52M295.82M331.85M
Gross Profit296.28M295.37M283.62M275.07M280.55M332.05M
EBITDA284.46M285.63M278.73M272.24M270.49M322.87M
Net Income260.18M260.18M259.83M252.96M271.71M312.93M
Balance Sheet
Total Assets8.24B8.24B8.03B7.39B6.89B6.42B
Cash, Cash Equivalents and Short-Term Investments75.28M75.28M119.32M119.24M135.71M174.12M
Total Debt2.00M2.00M1.44M1.66M167.00K416.00K
Total Liabilities1.28B1.28B1.21B1.03B889.05M787.92M
Stockholders Equity6.96B6.96B6.82B6.36B6.00B5.64B
Cash Flow
Free Cash Flow214.27M214.27M226.20M251.64M233.91M195.91M
Operating Cash Flow214.29M214.29M226.29M252.14M233.96M195.96M
Investing Cash Flow110.47M110.47M65.82M-56.68M-40.24M-255.66M
Financing Cash Flow-368.80M-368.80M-269.95M-211.93M-203.18M15.13M

Argo Investments Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price9.48

Price Trends

50DMA9.24Positive
100DMA9.13Positive
200DMA8.88Positive

Market Momentum

MACD0.08Negative
RSI66.10Neutral
STOCH72.22Neutral

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 9.48 is above the 20-day moving average (MA) of 9.28, above the 50-day MA of 9.24, and above the 200-day MA of 8.88, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 66.10 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

AU:ARG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:ARGAU:ARG78OutperformAUD 7.13B27.913.80%4.06%2.17%0.68%
AU:WLEAU:WLE72OutperformAUD 2.14B11.278.92%7.17%125.29%151.28%
AU:BKIAU:BKI71OutperformAUD 1.46B22.564.35%5.48%2.72%4.18%
AU:MFFAU:MFF67NeutralAUD 3.14B18.986.21%3.98%44.63%-63.30%
AU:MIRAU:MIR65NeutralAUD 555.11M43.102.07%4.18%45.10%44.28%
AU:WAMAU:WAM62NeutralAUD 1.12B-9.06-7.37%15.81%-145.54%-156.29%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-40%-20%0%AU:ARGAU:WAMAU:WLEAU:BKIAU:MFFAU:MIRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:ARG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:ARGArgo Investments Limited9.480.748.50%
AU:WAMWAM Capital Ltd.0.98-0.60-37.82%
AU:WLEWAM Leaders Limited1.320.075.58%
AU:BKIBKI Investment Co. Ltd.1.800.148.34%
AU:MFFMFF Capital Investments Ltd.5.280.6513.97%
AU:MIRMirrabooka Investments Ltd2.50-0.57-18.57%

Argo Investments Limited Corporate Events

Argo Reports Higher NTA and Share Price

Nov 9, 2026

Argo Investments Limited is an Australian listed investment company offering low-cost, conservative and diversified exposure to Australian listed companies. The internally managed company has a strong balance sheet with no debt and focuses on long-te...

Argo Investments Reports Further Share Buy-Back

Nov 8, 2026

Argo Investments Limited notified the ASX of a daily on-market buy-back of its ordinary fully paid shares on 9 November 2026. The company bought back 105,000 shares on the previous day, taking cumulative repurchases before that day to 7,558,608 since...

Argo NTA Rises as Portfolio Outperforms Australian Market

Nov 5, 2026

Argo Investments, an Australian listed investment company, actively manages a diversified portfolio of domestic equities through a low-cost, internally managed model. As at 31 October, its net tangible asset backing rose to $11.03 per share, or $9.37...

Argo Investments Reports Further Share Buyback Purchases

Nov 4, 2026

Argo Investments Limited is an ASX-listed issuer conducting an on-market buyback of its fully paid ordinary shares. In its daily notification dated November 5, 2026, the company reported purchasing 107,001 shares during the previous trading day, foll...

Argo Investments Reports Higher Weekly NTA and Share Price

Nov 2, 2026

Argo Investments’ estimated pre-tax net tangible asset backing rose to $11.03 per share at Friday’s market close on 30 October 2026, from $10.95 a week earlier, while its share price increased to $9.30 from $9.19. The unaudited figures indicate a mod...

Argo Investments Reports Further Share Buy-Back Purchases

Nov 1, 2026

Argo Investments Limited notified the ASX that it bought back 107,000 fully paid ordinary shares on November 1, 2026, taking cumulative purchases under its on-market program to 7,346,607 shares. The daily update confirms continued execution of the bu...

Argo Investments Continues Daily On-Market Share Buy-Back

Oct 29, 2026

Argo Investments Limited has continued its on-market share buy-back program, targeting its ordinary fully paid shares under ASX code ARG as part of an ongoing capital management initiative. The latest update, dated 30 October 2026, confirms the compa...

Argo Investments reports daily progress on ongoing share buy-back

Oct 28, 2026

Argo Investments Limited has issued an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 7,023,606 shares had been repurchased before the latest trading day, with an additi...

Argo Investments Posts Higher Weekly NTA as Shares Remain at Discount

Oct 26, 2026

Argo Investments reported an estimated unaudited pre-tax net tangible asset backing of $10.95 per share as at Friday, 23 October 2026, compared with $10.89 previously, highlighting a modest uplift in portfolio value. The company’s share price closed...

Argo Investments Discloses Final Director Interest as Elizabeth Lewin Departs Board

Oct 26, 2026

Argo Investments Limited has announced that director Elizabeth Anne Lewin ceased to be a director of the company on 21 October 2026, as disclosed in a final director’s interest notice lodged with the ASX under listing rule 3.19A.3. The filing confirm...

Argo Investments Updates Market on Ongoing On-Market Share Buy-Back

Oct 22, 2026

Argo Investments Limited has provided an updated notification on its ongoing on-market share buy-back program, covering trades in its ordinary fully paid shares up to 23 October 2026. The company reports that a total of 6,598,910 shares had been repu...

Argo Investments Updates On-Market Share Buy-Back Activity

Oct 21, 2026

Argo Investments Limited, a diversified Australian investment company listed under ticker ARG, manages a portfolio of ordinary fully paid shares for shareholders seeking long-term exposure to domestic equities.The company has continued its on-market...

Argo Investors Back Board and Governance Measures at 2026 AGM

Oct 21, 2026

Argo Investments Limited reported that all resolutions at its 2026 Annual General Meeting, held on 21 October 2026, were passed by poll. Key items included the adoption of the remuneration report and the re-election of directors Melissa Holzberger an...

Argo Marks 80 Years with Record Dividend and Enhanced Shareholder Tax Benefits

Oct 20, 2026

Argo Investments marked its 80th year of operations, highlighting its conservative approach to capital management and shareholder-focused mandate, while reporting strong investment performance and a full-year profit of $260.2 million. The company als...

Argo Investments Provides Daily Update on Ongoing On-Market Share Buy-Back

Oct 20, 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 had repurchased a total of 6,379,910 shares prior to the most r...

Argo Investments Shares Trade Below Estimated Asset Backing

Oct 19, 2026

Argo Investments reported an estimated pre-tax net tangible asset backing of $10.89 per share as at Friday 16 October 2026, compared with a share price of $9.09 at the market close, with the NTA figures described as unaudited and approximate. The dis...

Argo Investments Posts Weekly NTA Update and Highlights Conservative Investment Appeal

Oct 12, 2026

Argo Investments has reported an estimated pre-tax net tangible asset backing of $10.76 per share as at Friday 9 October 2026, with its share price closing at $9.14. The company emphasises that these NTA figures are unaudited and approximate, and are...

Argo Investments Outperforms Market Despite September Equity Pullback

Oct 8, 2026

Argo Investments reported that its net tangible asset (NTA) backing per share was $10.80 at 30 September, or $9.22 after allowing for unrealised tax, slightly down from August, yet still outperforming the broader Australian share market. The company’...

Argo Investments CEO Increases Shareholding via Performance Rights

Oct 7, 2026

Argo Investments has disclosed a change in managing director Jason Beddow’s holdings in the company, following the exercise of vested Executive Performance Rights. Beddow’s direct shareholding increased by 10,798 fully paid ordinary shares to 589,354...

Argo Investments Posts Steady Weekly NTA and Highlights Conservative Strategy

Oct 6, 2026

Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.70 per share as at 2 October 2026, compared with $10.65 on 25 September, while its share price stood at $9.14 versus $9.21 the previous week. The company highlig...

Argo Investments’ Weekly NTA Shows Share Price Trading Below Asset Backing

Sep 28, 2026

Argo Investments Limited reported an estimated pre-tax net tangible asset backing of A$10.65 per share as at 25 September 2026, compared with a share price of A$9.21 at the close of trading. The unaudited and approximate figures highlight a discount...

Argo Investments Announces Retirement of Non-Executive Director Liz Lewin

Sep 24, 2026

Argo Investments Limited announced that non-executive director Liz Lewin will retire from the board following the close of its Annual General Meeting on 21 October 2026 in Adelaide. Lewin has served since 2018 and currently chairs the Remuneration Co...

Argo Investments Reports Weekly NTA, Highlighting Discount to Asset Backing

Sep 21, 2026

Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.73 per share as at Friday, 18 September 2026, with its share price closing at $9.18. The unaudited NTA figure underscores a substantial gap between the market pr...

Argo director boosts indirect holding via dividend reinvestment

Sep 21, 2026

Argo Investments Limited has disclosed a change in director Melissa Kate Holzberger’s indirect shareholding in the company. The investment is held via SNJD Holdings Pty Ltd, where Holzberger has a beneficial interest with the ability to control the a...

Argo Director Increases Shareholding Through Dividend Reinvestment

Sep 21, 2026

Argo Investments Limited has disclosed a change in director Lianne Margaret Buck’s holdings following participation in the company’s Dividend Reinvestment Plan. Buck acquired 391 fully paid ordinary shares at $9.31 per share on 18 September 2026, inc...

Argo Investments Calls 80th AGM, Sets Key Governance Votes

Sep 17, 2026

Argo Investments Limited has issued the formal notice for its 80th Annual General Meeting, to be held at Adelaide Town Hall on 21 October 2026. The meeting will review the company’s financial and directors’ reports for the year ended 30 June 2026, an...

Argo Investments Adds 38,083 Shares via Dividend Plan

Sep 17, 2026

Argo Investments Limited has applied for quotation on the ASX of 38,083 ordinary fully paid shares, with an issue date of September 18, 2026. The new securities have been issued under the company’s dividend or distribution plan, slightly increasing i...

Argo Investments lifts profit and sets record dividends as it shifts to quarterly payouts

Sep 17, 2026

Argo Investments reported a slightly higher full-year profit of $260.2 million for the year to 30 June 2026, with earnings per share edging up to 34.3 cents and its Australian share portfolio returning 8.7%, outperforming the S&P/ASX 200 Accumulation...

Argo Investments Posts Weekly Pre-Tax NTA Update and Highlights Conservative Strategy

Sep 14, 2026

Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.71 per share as at Friday, 11 September 2026, compared with a recent level of $10.94, while its share price stood at $9.27 versus $9.47 previously. The figures,...

Argo Investments Confirms DRP and DSSP Pricing for June 2026 Dividend

Sep 11, 2026

Argo Investments Limited has updated its dividend notification for ordinary fully paid shares, covering the six‑month period to 30 June 2026. The announcement confirms key dates including the ex‑dividend date of 14 August 2026 and the record date of...

Argo Investments Posts August NTA Update Amid Solid Australian Market

Sep 8, 2026

Argo Investments reported a net tangible asset backing of $10.96 per share at 31 August 2026, or $9.29 per share after allowing for unrealised tax, reflecting the impact of its final dividend provision. The listed investment company’s portfolio remai...

Argo Investments Updates Weekly NTA, Highlights Value Gap to Share Price

Sep 7, 2026

Argo Investments Limited reported an estimated pre-tax net tangible asset backing of $10.94 per share as at Friday, 4 September 2026, with its share price closing at $9.47. The NTA figures are unaudited and approximate, providing shareholders with an...

Argo director boosts stake via exercise of performance rights

Sep 6, 2026

Argo Investments has disclosed a change in the shareholding of director Jason Beddow, reflecting the exercise of vested executive performance rights. Following the transaction dated 7 September 2026, Beddow’s direct holding increased from 564,452 to...

Argo Investments Files Updated Corporate Governance Statement and Appendix 4G

Sep 3, 2026

Argo Investments Limited has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming it is available on the company’s website in accordance with ASX Listing Rule requirements. The statement, current as of 4 Augus...

Argo Investments Posts Stable NTA and Modest Share Price Gain

Aug 31, 2026

Argo Investments reported an estimated pre-tax net tangible asset backing of $10.96 per share as at 28 August 2026, marginally higher than $10.94 a week earlier. The share price closed at $9.31, up from $9.22, indicating a modest uplift in market val...

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, and det...

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 co...

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 equit...

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 approx...

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.

Date of analysis: Nov 08, 2026