Holcim (Argentina) S.A (HARG) Fair Value & Analysis
Basic Materials · AR · Market cap 664B ARS
Fair value as of: Jul 24, 2026
From 2 valuation models · updated 18 days ago
Fair value updated Jul 24, 2026, revised from 458.55 ARS to 917.10 ARS (+100.0%) since Jun 25, 2026. Share price +18.1% over the past month.
Below-average quality, and screening another 50% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1,208 ARS). The favourable scenario is already priced in.
- Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (626.46 ARS to 1,208 ARS) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range 48.95 ARS – 2,620 ARS · fair‑value band 626.46 ARS – 1,208 ARS · the 1,825 ARS price screens above the 917.10 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
Holcim (Argentina) S.A (HARG) currently trades at 1,825 ARS, while our model-based Fair Value estimate is 917.10 ARS, implying the stock looks roughly 49.8% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Holcim (Argentina) S.A generated revenue of 494B ARS at a net margin of -9.2%. Revenue declined 3.7% year over year. It earns a return on equity of -7.3%. Net debt stands at 44.9B ARS. Fundamentals as of Jul 24, 2026
Our scenario range runs from 626.46 ARS (bear case) to 1,208 ARS (bull case); at 1,825 ARS, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 95% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -50%, HARG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Asset-Based (1,063 ARS) versus Multiples (594.82 ARS). Highest evidence: EV/EBITDA (54).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Holcim (Argentina) S.A. operates in the construction material industry in Argentina. It engages in the production of cement, concrete, stone aggregates, liquid paints, and membranes. The company also offers adhesives, plasters, additives, repairers, limes, and hydraulic binders.
Full company description
Holcim (Argentina) S.A. operates in the construction material industry in Argentina. It engages in the production of cement, concrete, stone aggregates, liquid paints, and membranes. The company also offers adhesives, plasters, additives, repairers, limes, and hydraulic binders. It sells its products under the Dissents, Geocycle, Tector, and Quimexur brand names. The company was founded in 1930 and is headquartered in Córdoba, Argentina. Holcim (Argentina) S.A. is a subsidiary of Holcim Investments (Spain) SL.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Holcim (Argentina) S.A reported revenue of 499B ARS in FY2025 versus 44.0B ARS in FY2021, a compound +83.5%/yr. Reported net income was −40.2B ARS in FY2025.
HARG screens 50% overvalued. Compare with CRH plc →
Peer Group
Building Materials · 253 stocks
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.
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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