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Ternium Argentina S.A (TXAR) Fair Value & Analysis

Basic Materials · AR · Market cap 3.2T ARS

TA Ternium Argentina S.A TXAR · BA
Price679.00 ARS
Fair Value727.79 ARS
Upside+7.2%
Quality47/100
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Healthy Growth
Thin margins · 9.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 36/100
Evidence: High Range 431.82 ARS – 737.43 ARS Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +9.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 431.82 ARS (bear) to 737.43 ARS (bull), base 727.79 ARS. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

1,101 ARS 39.56 ARS Fair Value 727.79 ARS Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 39.56 ARS – 1,101 ARS · fair‑value band 431.82 ARS – 737.43 ARS · the 679.00 ARS price screens below the 727.79 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Ternium Argentina S.A (TXAR) currently trades at 679.00 ARS, while our model-based Fair Value estimate is 727.79 ARS, implying the stock looks roughly 7.2% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Ternium Argentina S.A generated revenue of 2.6T ARS at a net margin of 9.5%. Revenue grew 24.7% year over year. It earns a return on equity of 4.2%. Net debt stands at 138B ARS. Fundamentals as of Jul 21, 2026

Our scenario range runs from 431.82 ARS (bear case) to 737.43 ARS (bull case); at 679.00 ARS, the current price sits within 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 26% below its 52-week high and 57% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 7%, TXAR 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 555.51 ARS 1,119 ARS 2,064 ARS 80
Residual Income 1,049 ARS 973.03 ARS 737.43 ARS 76
Rev-Margin DCF 315.27 ARS 488.84 ARS 855.83 ARS 74
All 26 models by family
DCF Models
FCF DCF 587.19 ARS 924.63 ARS 2,028 ARS 38
Owner Earnings 259.31 ARS 558.97 ARS 1,216 ARS 31
5Y Revenue Exit 291.52 ARS 431.10 ARS 719.32 ARS 39
5Y EBITDA Exit 438.19 ARS 727.79 ARS 1,295 ARS 41
5Y P/E Exit 362.17 ARS 701.00 ARS 1,152 ARS 38
10Y Revenue Exit 372.69 ARS 666.46 ARS 818.68 ARS 36
10Y EBITDA Exit 488.56 ARS 989.75 ARS 1,846 ARS 37
10Y P/E Exit 431.82 ARS 822.18 ARS 1,439 ARS 35
Earnings-Based
Graham-Dodd 125.58 ARS 875.77 ARS 1,229 ARS 54
Lynch FV 452.45 ARS 646.36 ARS 840.27 ARS 50
PEG = 1.0 452.45 ARS 646.36 ARS 840.27 ARS 46
EPV 110.05 ARS 123.08 ARS 134.66 ARS 59
Dividend Discount
Gordon GGM 1.21 ARS 2.65 ARS 4.45 ARS 70
DDM Multi-Stage 1.21 ARS 2.17 ARS 2.76 ARS 61
Multiples
P/E Multiple 235.46 ARS 313.95 ARS 392.43 ARS 63
P/S Multiple 235.46 ARS 313.95 ARS 392.43 ARS 58
P/B Multiple 235.46 ARS 313.95 ARS 392.43 ARS 55
EV/EBIT 191.28 ARS 242.98 ARS 294.67 ARS 53
EV/EBITDA 370.06 ARS 481.35 ARS 592.64 ARS 54
EV/Revenue 170.60 ARS 228.21 ARS 285.81 ARS 43
Asset-Based
NCAV (Graham) 754.11 ARS 1,011 ARS 1,508 ARS 50
Growth DCF
Growth DCF 555.51 ARS 1,119 ARS 2,064 ARS 80
Rev-Margin DCF 315.27 ARS 488.84 ARS 855.83 ARS 74
Economic Profit
Residual Income 1,049 ARS 973.03 ARS 737.43 ARS 76
ROIC Compounder 110.05 ARS 123.08 ARS 134.66 ARS 72
Growth Earnings
Growth-Adj P/E 556.64 ARS 795.21 ARS 1,034 ARS 68

Widest divergence: Asset-Based (1,011 ARS) versus Dividend Discount (2.17 ARS). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.6T ARS
Revenue growth (YoY) +24.7%
Net margin 9.5%
Return on equity 4.2%
Free cash flow 139B ARS FY2025
P/E ratio 12.6
More key figures
Operating margin 2.5%
EPS (TTM) 55.47 ARS
EPS growth (YoY) +460%
Net debt 138B ARS FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 52

Profitability 18
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Ternium Argentina S.A. manufactures, produces, and processes steel products in South America, North America, Europe, and internationally. The company offers its products in flat steel, coated steel, welded tubes, various shapes, long steel, galvanized sheet, electro zinc, prepainted, cincalum, slabs, cast iron ingots, and over rolling categories.

Full company description

Ternium Argentina S.A. manufactures, produces, and processes steel products in South America, North America, Europe, and internationally. The company offers its products in flat steel, coated steel, welded tubes, various shapes, long steel, galvanized sheet, electro zinc, prepainted, cincalum, slabs, cast iron ingots, and over rolling categories. It serves construction, automotive, home appliances, agro, packaging, transport, and energy industries. The company was formerly known as Siderar S.A.I.C. Ternium Argentina S.A. Ternium Argentina S.A. was incorporated in 1962 and is headquartered in Buenos Aires, Argentina. Ternium Argentina S.A. is a subsidiary of Ternium Internacional España S.L.U.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ternium Argentina S.A reported revenue of 2.5T ARS in FY2025 versus 328B ARS in FY2021, a compound +66.5%/yr. Reported net income was 83.4B ARS in FY2025, compounding −11.3%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.5T ARS
Latest YoY
+24.1%
Avg. growth/yr (3Y)
+71.3%
Avg. growth/yr (5Y)
+80.3%
Avg. growth/yr (8Y)
+68.8%
Revenue +66.5%/yr
FY21 328B ARS
FY22 501B ARS
FY23 984B ARS
FY24 2.0T ARS
FY25 2.5T ARS
Net income −11.3%/yr
FY21 135B ARS
FY22 83.3B ARS
FY23 64.0B ARS
FY24 107B ARS
FY25 83.4B ARS

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Cite: Fair Value Calculator (2026). "Ternium Argentina S.A Fair Value". https://www.fairvalue-calculator.com/stock/TXAR

Peer Group

Steel · 378 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.

Quality Score 47 · Below median
Fair Value upside +7% · Above median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Below median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 1.20× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 14.1× · Pricier than 75% of peers

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 43 · sector 20
FUTURE 100 · sector 4
PAST 17 · sector 15
HEALTH 100 · sector 95
DIVIDEND 0 · sector 41

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is Ternium Argentina S.A (TXAR) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 727.79 ARS versus a price of 679.00 ARS, about +7% (fairly valued).
What is the fair value of TXAR?
Our model-based fair value for Ternium Argentina S.A is 727.79 ARS (as of Jul 21, 2026), built from audited fundamentals. The current price is 679.00 ARS.
What is the quality score of TXAR?
Ternium Argentina S.A has a Quality Score of 47/100. 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 revenue of Ternium Argentina S.A (TXAR)?
Ternium Argentina S.A reported trailing-twelve-month revenue of about 2.6T ARS (latest available figure, as of Jul 21, 2026).
What is the net profit margin of TXAR?
The net profit margin of Ternium Argentina S.A is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.

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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