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Holcim Argentina SA (HARG) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Holcim Argentina SA ARS 917, price ARS 1,330, upside -31.1%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · AR · ISIN ARP6806N1051

HA Thin data Sep 24, 2026

Holcim Argentina SA

HARG · BA

Weak valuationQuality is weak on top of the rich price.

!Fair value 917.10 ARS · Overvalued (−31%)
!Quality 25/100
!Expensive Growth (revenue 5y +82.6 %/yr)
!Loss-making · -9.2% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (1/9)
!Narrow moat 11/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 4 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

2,620 ARS 48.95 ARS Fair Value 917.10 ARS Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 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 1,330 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 Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Holcim Argentina SA (HARG) currently trades at 1,330 ARS, while our model-based Fair Value estimate is 917.10 ARS, implying the stock looks roughly 45.0% overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 94/100, which puts the evidence level at low.

Scenario range: 626.46 ARS (bear) to 1,208 ARS (bull), the price of 1,330 ARS 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 25/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Holcim Argentina SA 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.

Key figures

Market cap 664B ARS (≈ $437M) · P/S ratio 1.34 · EPS (TTM) −124.85 ARS · Dividend yield 0.2% · Net margin −8.0% · Return on equity −7.3% · Return on assets (EBIT) 8.9% · Operating margin −14.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −31%, HARG screens cheaper than that median.

Fair Value models

Bear 626.46 ARS Fair Value 917.10 ARS Bull 1,208 ARS
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
EV/EBITDA 449.50 ARS 594.82 ARS 740.14 ARS 67
NCAV (Graham) 793.41 ARS 1,063 ARS 1,587 ARS 54
All 2 models by family
Multiples
EV/EBITDA 449.50 ARS 594.82 ARS 740.14 ARS 67
Asset-Based
NCAV (Graham) 793.41 ARS 1,063 ARS 1,587 ARS 54

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Quality Score breakdown

Overall quality 25/100

Of which business quality 29 · Market factors (momentum, volatility) 27

Profitability 12
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 13
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−5.2%
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.
+82.3%
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.
+82.6%
Start year 2020 (pandemic)
Revenue growth 8 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.
+69.2%
Profit margin (trend) ⓘ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.
17.8% (2020) → −8.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

HARG screens 45% overvalued. Compare with CRH plc →

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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.Building Materials · 258 stocks

Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −31% · Below median
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −9% · Bottom 25%
Operating margin (TTM) −15% · Bottom 25%
Growth and dividend
Revenue growth −4% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 26
FUTURE (revenue growth)0 · sector 2
PAST (return on equity)0 · sector 15
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)4 · sector 46

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
CRH plc CRH $88.04 $74.79 −15%
Holcim AG HOLN CHF 66.32 CHF 33.05 −50%
Vulcan Materials Company VMC $247.87 $131.48 −47%
UltraTech Cement Limited ULTRACEMCO ₹11,155 ₹4,719 −58%
Martin Marietta Materials, Inc MLM $499.34 $245.83 −51%
China Jushi Co 600176 ¥45.62 ¥29.50 −35%
Amrize AG AMRZ $39.00 $34.66 −11%
Grasim Industries Limited GRASIM ₹3,189 ₹1,245 −61%
CEMEX, S.A. CX $10.24 $25.27 +147%
James Hardie Industries plc JHX A$38.17 A$7.93 −79%

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Holcim Argentina SA · Fair Value
917.10 ARS −45%Fair Value
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Cite: Fair Value Calculator (2026). "Holcim Argentina SA Fair Value". https://www.fairvalue-calculator.com/stock/HARG

Frequently asked questions

Is Holcim Argentina SA (HARG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 917.10 ARS versus a price of 1,330 ARS, about −31% upside (overvalued).
What is the fair value of HARG?
Our model-based fair value for Holcim Argentina SA is 917.10 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,330 ARS.
What is the quality score of HARG?
Holcim Argentina SA has a Quality Score of 25/100. 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 Holcim Argentina SA (HARG)?
Our model-based price target is the fair value of 917.10 ARS (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 626.46 ARS, optimistic scenario 1,208 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Holcim Argentina SA stock forecast for 2026?
Our models put fair value at 917.10 ARS, about −31% upside versus a price of 1,330 ARS (overvalued). Cautious scenario 626.46 ARS, optimistic scenario 1,208 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Holcim Argentina SA (HARG)?
Holcim Argentina SA reported trailing-twelve-month revenue of about 494B ARS (latest available figure, as of Sep 24, 2026).
Does Holcim Argentina SA pay a dividend?
Holcim Argentina SA currently shows a dividend yield of about 0.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Holcim Argentina SA (HARG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Holcim Argentina SA it is 917.10 ARS per share (as of Sep 24, 2026), against a price of 1,330 ARS. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Holcim Argentina SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HARG trades above its calculated fair value: price 1,330 ARS, fair value 917.10 ARS, a gap of about −31% (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 HARG?
No. The price is what the market pays today (1,330 ARS); the fair value is what the company's own numbers justify (917.10 ARS). For Holcim Argentina SA the two are 412.90 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Holcim Argentina SA worth?
The market values Holcim Argentina SA at about 664B ARS (market capitalisation, as of Sep 24, 2026). Per share that is 1,330 ARS; our models calculate a fair value of 917.10 ARS per share.
What do the bullish and bearish scenarios say about HARG?
Our models span a range for Holcim Argentina SA: cautious scenario 626.46 ARS, base 917.10 ARS, optimistic 1,208 ARS per share (as of Sep 24, 2026, price 1,330 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Holcim Argentina SA (HARG)?
Balance-sheet figures for Holcim Argentina SA (as of Sep 24, 2026): return on equity −7.3%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is HARG from its 52-week high?
Holcim Argentina SA trades at 1,330 ARS, about 49% below its 52-week high of 2,620 ARS and 25% above the low of 1,060 ARS (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 917.10 ARS is for.
Which stocks are comparable to Holcim Argentina SA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement 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 Holcim Argentina SA stock attractive at the current price?
The data as of Sep 24, 2026: price 1,330 ARS, calculated fair value 917.10 ARS (−31%), Quality Score 25/100, from 2 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 HARG calculated?
We run Holcim Argentina SA through 2 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 917.10 ARS, 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 14.0 % above its aggregate fair value. Holcim Argentina SA 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 Holcim Argentina SA (HARG)?
The closing price on Sep 24, 2026 was 1,330 ARS. Our model-based fair value is 917.10 ARS, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Holcim Argentina SA right 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.

Key figures of Holcim Argentina SA

How large is the market capitalisation of Holcim Argentina SA (HARG)?
The market capitalisation of Holcim Argentina SA is 664B ARS (≈ $437M). 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 Holcim Argentina SA (HARG)?
The price-to-sales ratio of Holcim Argentina SA is 1.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Holcim Argentina SA (HARG)?
Earnings per share at Holcim Argentina SA are −124.85 ARS. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Holcim Argentina SA (HARG)?
The dividend yield of Holcim Argentina SA is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Holcim Argentina SA (HARG)?
The net margin of Holcim Argentina SA is −8.0% (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 Holcim Argentina SA (HARG)?
The return on equity (ROE) of Holcim Argentina SA is −7.3% (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 Holcim Argentina SA (HARG)?
On an EBIT basis the return on assets of Holcim Argentina SA is 8.9% (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 Holcim Argentina SA (HARG)?
The operating margin of Holcim Argentina SA is −14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Holcim Argentina SA (HARG)?
Revenue at Holcim Argentina SA is growing −3.7% versus a year earlier (3y avg +82.3%). 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 Holcim Argentina SA (HARG)?
Earnings per share at Holcim Argentina SA are growing −97.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Holcim Argentina SA (HARG) generate?
The free cash flow of Holcim Argentina SA is −59.3B ARS (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Holcim Argentina SA (HARG) carry?
The net debt of Holcim Argentina SA is 44.9B ARS (fiscal year 2025). 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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