Argo Properties NV (ARGO) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Argo Properties NV stock ILS 45.89, price ILS 135, upside -66.0%, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Real Estate · Il · Based in Netherlands · ISIN NL0015000D84
APBroad dataOct 24, 2026
Argo Properties NV
ARGO · TA
Weakest SetupStrongly overvalued and low quality.
Our calculation puts a fair price 66% below what the stock costs today.
Highly profitable · 119.7% net margin (TTM)
Generates free cash flow
Broad data
Quality 46/100
Expensive Growth(revenue 5y +39.9 %/yr in EUR)
Moderate debt
Mixed vs. peers(6/13)
Moderate moat56/100 · thin data
Fair value 45.89 ILS · Strongly overvalued (−66.0%)
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 24, 2026.
How to read this chart
60‑month range 44.87 ILS – 152.40 ILS · fair‑value band 12.10 ILS – 104.84 ILS · the 135.00 ILS price screens above the 45.89 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 24, 2026.
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ARGO Properties N.V. operates as a real estate company in Germany. The company is involved in improvement and purchase of investment real estate; and conversion and sale of apartments and office space, as well as residential real estate.
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ARGO Properties N.V. was incorporated in 2018 and is based in Amsterdam, the Netherlands.
Stock analysis
Argo Properties NV (ARGO) currently trades at 135.00 ILS, while our model-based Fair Value estimate is 45.89 ILS, 66.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 76.06 ILS per share, and 1 of the 12 models we run sit above the 135.00 ILS price.
Bear case: the Growth DCF group reads lowest at 23.25 ILS, and 11 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: 12.10 ILS (bear) to 104.84 ILS (bull), the price of 135.00 ILS sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Argo Properties NV reported revenue of €52.2M in FY2025 versus €14.9M in FY2021, a compound +36.7%/yr. Reported net income was €70.0M in FY2025, compounding +4.4%/yr from FY2021.
Key figures
Market cap 3.1B ILS Small · P/E ratio 11.6 · P/S ratio 15.6 · EPS (TTM) 11.63 ILS · Net margin 134% · Return on equity 15.5% · Return on assets (EBIT) 3.0% · Operating margin 36.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at −66%, ARGO screens richer than that median.
Fair Value models
Bear12.10 ILSFair Value 45.89 ILSBull104.84 ILS
Price 135.00 ILS · Upside -66.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (9.59 ILS per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+38.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+39.9%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+53.8%
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ −10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.8%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.424% → 41%
⚠ Rate on operating basis: 2025 sits 82% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+38.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +35.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 528 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−66.0% · Bottom 25%
Profitability
Return on equity (12 months)15.5% · Top 25%
Return on assets6.8% · Top 25%
Net margin (12 months)119.7% · Top 25%
Operating margin (12 months)36.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)50.2% · Top 25%
Balance sheet
Debt / equity0.83× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)11.6× · Cheaper than median
P/B1.82× · Priciest 25%
P/S (12 months)14.16× · Priciest 25%
Price / free cash flow45.0× · Priciest 25%
EV/EBITDA15.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)100· sector 17
PAST (return on equity)62· sector 17
HEALTH (low debt)59· sector 83
DIVIDEND (yield)0· sector 66
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Argo Properties NV (ARGO) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of 45.89 ILS versus a price of 135.00 ILS, about −66% upside (overvalued).
What is the fair value of ARGO?
Our model-based fair value for Argo Properties NV is 45.89 ILS (as of Oct 24, 2026), built from audited fundamentals. The current price: 135.00 ILS.
What is the quality score of ARGO?
Argo Properties NV has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Argo Properties NV (ARGO)?
Our model-based price target is the fair value of 45.89 ILS (as of Oct 24, 2026) from 13 valuation models. Cautious scenario 12.10 ILS, optimistic scenario 104.84 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Argo Properties NV stock forecast for 2026?
Our models put fair value at 45.89 ILS, about −66% upside versus a price of 135.00 ILS (overvalued). Cautious scenario 12.10 ILS, optimistic scenario 104.84 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Argo Properties NV (ARGO)?
Argo Properties NV reported trailing-twelve-month revenue of about €64.1M (latest available figure, as of Oct 24, 2026).
What growth is priced into Argo Properties NV (ARGO)?
For today's price to be fair in a discounted-cash-flow model, Argo Properties NV would have to grow free cash flow by +38.4 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +39.9 % per year. As of Oct 24, 2026.
What discount rate (WACC) does the fair value of ARGO use?
Our models discount Argo Properties NV at 11.9 %: a base by market capitalisation (small), damped by beta 0.64, country premium for Israel. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Argo Properties NV that is +38.4 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Argo Properties NV (ARGO) delivered so far?
Over the past 5 years revenue at Argo Properties NV grew +39.9 % a year. The price currently implies +38.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Argo Properties NV (ARGO) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into Argo Properties NV (+38.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Argo Properties NV (ARGO)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow Argo Properties NV produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Argo Properties NV (ARGO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Argo Properties NV it is 45.89 ILS per share (as of Oct 24, 2026), against a price of 135.00 ILS. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Argo Properties NV stock overvalued or undervalued in 2026?
As of Oct 24, 2026, ARGO trades above its calculated fair value: price 135.00 ILS, fair value 45.89 ILS, a gap of about −66% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARGO?
No. The price is what the market pays today (135.00 ILS); the fair value is what the company's own numbers justify (45.89 ILS). For Argo Properties NV the two are 89.11 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Argo Properties NV worth?
The market values Argo Properties NV at about 3.1B ILS (market capitalisation, as of Oct 24, 2026). Per share that is 135.00 ILS; our models calculate a fair value of 45.89 ILS per share.
What do the bullish and bearish scenarios say about ARGO?
Our models span a range for Argo Properties NV: cautious scenario 12.10 ILS, base 45.89 ILS, optimistic 104.84 ILS per share (as of Oct 24, 2026, price 135.00 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARGO?
Argo Properties NV trades at a price-to-earnings ratio of 11.6 (as of Oct 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.89 ILS is built from several models across several years. Other multiples: P/B 1.8, P/S 14.2, EV/EBITDA 15.0.
How solid is the balance sheet of Argo Properties NV (ARGO)?
Balance-sheet figures for Argo Properties NV (as of Oct 24, 2026): return on equity 15.5%, debt of 0.83 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is ARGO from its 52-week high?
Argo Properties NV trades at 135.00 ILS, about 11% below its 52-week high of 152.40 ILS and 28% above the low of 105.40 ILS (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of 45.89 ILS is for.
Which stocks are comparable to Argo Properties NV?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Argo Properties NV stock attractive at the current price?
The data as of Oct 24, 2026: price 135.00 ILS, calculated fair value 45.89 ILS (−66%), Quality Score 46/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARGO calculated?
We run Argo Properties NV through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45.89 ILS, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Argo Properties NV itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Argo Properties NV (ARGO)?
The closing price on Oct 26, 2026 was 135.00 ILS. Our model-based fair value is 45.89 ILS, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Argo Properties NV right now?
The price sits above even our optimistic bull case (104.84 ILS). The favourable scenario is already priced in. The model range is unusually wide (12.10 ILS to 104.84 ILS). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Argo Properties NV
How large is the market capitalisation of Argo Properties NV (ARGO)?
The market capitalisation of Argo Properties NV is 3.1B ILS. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Argo Properties NV (ARGO)?
The price-to-sales ratio of Argo Properties NV is 15.6 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Argo Properties NV (ARGO)?
Earnings per share at Argo Properties NV are 11.63 ILS (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Argo Properties NV (ARGO)?
The net margin of Argo Properties NV is 134% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Argo Properties NV (ARGO)?
The return on equity (ROE) of Argo Properties NV is 15.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Argo Properties NV (ARGO)?
On an EBIT basis the return on assets of Argo Properties NV is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Argo Properties NV (ARGO)?
The operating margin of Argo Properties NV is 36.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Argo Properties NV (ARGO)?
Revenue at Argo Properties NV is growing +50.2% versus a year earlier (3y avg +32.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Argo Properties NV (ARGO)?
Earnings per share at Argo Properties NV are growing +71.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Argo Properties NV (ARGO) carry?
The net debt of Argo Properties NV is €415M (fiscal year 2025, ≈ 20.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 24, 2026