Argan, Inc. Financial Ratios — AGX Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	95.05	125.96	98.56	46.38	40.93	54.35	38.88	22.46	-19.33	13.25	21.27	16.5	14.77	32.68	39.16
Return on Assets (%)	5.52	10.58	14.38	8.52	9.08	13.34	12.13	10.21	-8.85	4.38	6.62	6.35	5.95	11.92	13.62
Return on Capital (%)	99.69	141.67	90.96	28.53	26.39	48.07	38.6	- -	- -	13.14	22.54	15.61	14.63	32.35	38.87
Return on Invested Capital (%)	7.64	20.89	31	26.9	25.31	30.17	21.3	- -	- -	6.64	12.29	10.39	8.42	21.03	28.29
Gross Margin (%)	16.29	17.99	34.67	21.82	24.07	21.73	16.73	17.1	-2.85	15.83	19.58	18.98	14.1	16.13	20.5
EBITDA Margin (%)	8.96	12.97	29.33	16.95	18.32	17.4	12.47	9.57	-19.37	7.05	11.12	10.37	7.04	10.74	14.91
Operating Margin (%)	8.4	12.7	28.99	16.74	18	16.92	12.05	8.65	-21.32	5.87	10.29	9.16	6.36	10.09	14.26
Incremental Operating Margin (%)	12.46	17.15	-59.69	-1.15	34.05	15.21	-3.06	16.03	- -	48.28	25.08	19.77	-4.41	17.2	66.03
Pretax Margin (%)	8.43	12.68	30.48	16.8	18.27	16.97	12.61	9.79	-19.99	6.34	9.24	10.11	8.53	12.72	16.99
Profit Margin (%)	6.54	8.35	17.64	7.95	8.79	10.42	8.07	10.79	-17.86	6.08	7.51	7.27	5.64	9.78	14.59
Net Income to Common Margin (%)	6.54	8.35	17.64	7.95	8.79	10.42	8.07	10.79	-17.86	6.08	7.51	7.27	5.64	9.78	14.59
Effective Tax Rate (%)	38.08	38.26	37.49	32.49	33.51	32.4	35.76	- -	- -	4.32	24.13	24.56	33.87	23.15	14.16
Dvd Payout Ratio (%)	95.75	41.04	22.85	18	16.2	18.05	13.76	33.09	-40.33	197.92	47.23	38.44	45.38	21.38	17.62
Sustainable Growth Rate (%)	4.04	74.27	76.04	38.03	34.3	44.54	33.53	15.03	-27.13	-12.97	11.23	10.16	8.07	25.7	32.26

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	2	3	3	3
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	2	3	3	3
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.02	0.03	0.07	0.03	0.02
Net Debt/EBITDA	-12.32	-4.85	-4.08	-5.14	-2.13	-1.42	-1.1	-3.56	3.62	-13.26	-6.19	-3.68	-4.88	-1.55	-2.41
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.03	0.04	0.07	0.03	0.02
Net Debt/EBIT	-13.14	-4.95	-4.13	-5.2	-2.16	-1.46	-1.14	-3.94	3.29	-15.92	-6.69	-4.17	-5.4	-1.65	-2.52
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.36	11.05	17.16	19.38	24.84	24.36	39.33	52.44	39.31	27.96	34.51	42.94	38.09	35.29	34.44
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42	0.56	0.94	0.77	0.54
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.71	0.74	1.18	0.91	0.61
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.25	0.32	0.46	0.32	0.21
Net Debt to Equity	-155.03	-146.97	-172.53	-190.73	-72.53	-57.15	-34.1	-41.67	-49.08	-113.73	-107.64	-61.93	-67.72	-41.28	-73.44
Net Debt/Capital (%)	107.33	116.03	126.45	124.33	288.56	1,799.18	-133.62	-192.32	-641.98	186.64	220.64	-459.86	-586.84	-95.24	-474.1
EBITDA	13	36	67	65	76	117	111	46	-46	28	57	47	40	94	141
EBITDA-CapEx	11	36	66	62	73	115	107	38	-53	26	55	44	38	87	137
Operating Income (Loss)	12	35	66	64	74	114	108	42	-51	23	52	42	36	88	135

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	1.5	1.52	1.65	1.55	1.47	1.49	2.37	3.65	2.28	1.65	1.98	1.61	1.36	1.09	1.26
Current Ratio	1.73	1.77	1.81	1.69	1.87	1.68	2.65	5.12	2.93	1.98	2.27	2.17	1.81	1.63	1.59
Quick Ratio	1.68	1.74	1.8	1.69	1.83	1.66	2.59	4.81	2.77	1.85	2.12	2.05	1.74	1.59	1.56
CFO/Avg Current Liab	1.15	0.28	0.7	0.49	-0.16	0.96	-0.27	-0.85	0.48	0.84	0.11	-0.14	0.46	0.43	0.7
Common Equity/Total Assets	5.36	11.05	17.16	19.38	24.84	24.36	39.33	52.44	39.31	27.96	34.51	42.94	38.09	35.29	34.44
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42	0.56	0.94	0.77	0.54
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.71	0.74	1.18	0.91	0.61
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.25	0.32	0.46	0.32	0.21
CFO/Total Liabilities	75.48	26.68	59.45	43.16	-17.58	73.61	-39.45	-136.52	36.56	62.81	12.46	-14.41	38.03	34.6	57.27
CFO/CapEx	45.29	- -	86.63	31.79	-10.59	92.15	-15.08	-13.06	7.59	103.72	19.98	-8.91	42.4	25.46	106.97
Altman's Z-Score	2.68	3.85	3.69	3.58	4.16	4.48	6	7.92	4.17	3.25	4	4.12	3.45	4.68	6.09

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	9.73	13.61	9.37	15.02	9.03	11.34	22.01	15.44	6.52	11.9	18.29	11.8	11.77	7.84	6.1
Days Sales Outstanding	37.51	26.81	38.97	24.3	40.41	32.18	16.58	23.64	56.02	30.67	19.95	30.93	31.02	46.58	59.79
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,110.13	58.33	45	142.3	132.93
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.33	6.26	8.11	2.57	2.75
Accounts Payable Turnover	6.24	7.34	5.38	9.94	7.46	7.12	7.35	5.71	6.53	7.44	8.63	7.74	10.24	10.58	7.44
Accounts Payable Turnover Days	58.52	49.7	67.9	36.73	48.9	51.24	49.63	63.97	55.91	49.05	42.3	47.18	35.66	34.5	49.09
Cash Conversion Cycle	-21.02	-22.89	-28.93	-12.43	-8.49	-19.06	-33.05	-40.33	0.11	-18.39	-22.02	-10	3.47	14.65	13.45
Inventory to Cash Days	37.51	26.81	38.97	24.3	40.41	32.18	16.58	23.64	56.02	30.67	19.62	24.67	22.91	44.02	57.05
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	12	10	- -	11
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	12	10	- -	11
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	197	259	400	439	444	1,111	677	657	658	677	584	549	592	1,840	4,780
- Cash & Cash Equivalents	157	175	272	334	161	167	122	164	167	367	350	174	197	145	339
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	-2	1	-11	3	1	- -	- -	2	2	-1	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	2	3	3	3
Enterprise Value	41	82	129	95	173	589	243	361	332	222	144	225	183	1,317	3,888
Total Capital	11	24	57	65	105	158	213	250	193	170	192	212	231	298	411
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.71	0.74	1.18	0.91	0.61
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	- -	- -
EV/Sales	0.29	0.3	0.57	0.25	0.42	0.87	0.27	0.75	1.39	0.57	0.28	0.49	0.32	1.51	4.12
EV/EBITDA	3.19	2.28	1.93	1.46	2.28	5.02	2.18	7.81	- -	8.04	2.54	4.77	4.53	14.04	27.6
EV/EBIT	3.4	2.32	1.96	1.48	2.32	5.16	2.26	8.64	- -	9.66	2.75	5.4	5.01	14.94	28.86
EV/Cash Flow to Firm	0.52	2.67	1.31	1.01	- -	2.27	- -	- -	6.19	1.26	5.06	- -	1.56	7.86	9.37
EV/Free Cash Flow to Firm	0.5	2.67	1.3	0.98	- -	2.25	- -	- -	5.47	1.25	4.82	- -	1.53	7.56	9.29
Diluted Market Cap	200	265	410	451	453	1,152	688	663	658	684	591	553	601	1,902	4,911
Diluted Enterprise Value	43	88	139	107	295	986	566	498	492	319	241	380	406	1,760	4,574
EV per Share	2.98	5.97	9.17	6.56	11.71	39.1	15.64	23.16	21.24	14.19	9.16	15.99	13.68	97.95	282.31
TTM Sales	142	279	227	383	413	675	893	482	239	392	509	455	573	874	945
TTM EBITDA	13	36	67	65	76	117	111	46	-46	28	57	47	40	94	141
TTM Operating Income	12	35	66	64	74	114	108	42	-51	23	52	42	36	88	135
TTM Cash Flow to Firm	79	31	98	93	-33	259	-73	-112	54	176	28	-30	117	168	415
TTM Free Cash Flow to Firm	80	31	100	96	-30	262	-68	-104	61	178	30	-27	120	174	419

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	2.49	8.61	4.12	4.68	-15.13	4.4	-10.12	-6.39	10.85	3.85	19.81	-20.71	5.02	10.92	11.73
EV/EBIT	3.4	2.32	1.96	1.48	2.32	5.16	2.26	8.64	- -	9.66	2.75	5.4	5.01	14.94	28.86
Enterprise Value	41	82	129	95	173	589	243	361	332	222	144	225	183	1,317	3,888
Low Price	8.2	12.59	13.9	26.09	28.03	28.28	41.79	34.9	32.43	29.91	36.6	31.26	37.37	44.35	101.02
EV/Sales	0.29	0.3	0.57	0.25	0.42	0.87	0.27	0.75	1.39	0.57	0.28	0.49	0.32	1.51	4.12
EV/EBITDA	3.19	2.28	1.93	1.46	2.28	5.02	2.18	7.81	- -	8.04	2.54	4.77	4.53	14.04	27.6
Price/Earnings	21.29	11.14	9.96	14.42	12.23	15.8	9.4	12.63	- -	28.4	15.27	16.59	18.31	21.53	34.7
Price/Earnings Average	15.88	9.64	6.87	15.31	14.47	10.29	13.37	12.13	-15.64	27.85	18.79	15.69	17.47	14.45	23.3
Price/Earnings High	25.76	11.68	10.81	19.43	17.26	16.43	16.18	14.22	-19.01	35.8	23.01	17.93	20.04	30.13	39.98
Price/Earnings Low	12.04	7.46	4.87	12.37	11.38	6.06	9.01	10.44	-11.87	19.65	15.04	13.3	15.44	6.98	10.1
Price/Book Value	17.95	9.99	7.21	5.79	4.37	7.08	3.17	2.63	3.43	4.02	3.06	2.61	2.6	6.23	11.7
Price/Book Value Average	13.39	8.65	4.97	6.15	5.17	4.61	4.51	2.53	3.48	3.94	3.76	2.47	2.48	4.18	7.86
Price/Book Value High	21.73	10.47	7.81	7.8	6.16	7.36	5.46	2.96	4.23	5.07	4.61	2.82	2.85	8.73	13.48
Price/Book Value Low	10.15	6.69	3.53	4.97	4.06	2.71	3.04	2.17	2.64	2.78	3.01	2.09	2.19	2.02	3.41
Price/Tangible Book Value	2.47	2.63	2.91	2.84	2.54	4.45	2.14	1.85	2.14	2.33	1.98	2.19	2.27	5.71	11.05
Price/Tangible Book Value Average	1.84	2.28	2.01	3.02	3	2.9	3.04	1.78	2.17	2.29	2.44	2.08	2.17	3.83	7.42
Price/Tangible Book Value High	2.99	2.76	3.16	3.83	3.58	4.63	3.68	2.08	2.63	2.94	2.99	2.37	2.49	8	12.73
Price/Tangible Book Value Low	1.4	1.76	1.43	2.44	2.36	1.71	2.05	1.53	1.64	1.61	1.95	1.76	1.92	1.85	3.21
Price/Sales	1.39	0.93	1.76	1.15	1.08	1.65	0.76	1.36	2.75	1.73	1.15	1.21	1.03	2.1	5.06
Price/Sales Average	1.04	0.81	1.21	1.22	1.27	1.07	1.08	1.31	2.79	1.69	1.41	1.14	0.99	1.41	3.4
Price/Sales High	1.68	0.98	1.91	1.54	1.52	1.71	1.3	1.53	3.4	2.18	1.73	1.3	1.13	2.95	5.83
Price/Sales Low	0.79	0.62	0.86	0.98	1	0.63	0.73	1.13	2.12	1.19	1.13	0.97	0.87	0.68	1.47
Price/Cash Flow	2.51	8.4	4.06	4.7	-13.46	4.29	-9.3	-5.85	12.28	3.85	20.55	-18.27	5.07	10.98	11.53
Price/Cash Flow Average	1.87	7.28	2.8	5	-15.92	2.79	-13.23	-5.62	12.47	3.77	25.29	-17.28	4.84	7.37	7.74
Price/Cash Flow High	3.03	8.81	4.41	6.34	-18.99	4.46	-16	-6.59	15.15	4.85	30.97	-19.75	5.55	15.36	13.28
Price/Cash Flow Low	1.42	5.63	1.99	4.03	-12.52	1.64	-8.91	-4.84	9.46	2.66	20.24	-14.64	4.27	3.56	3.35
Price/Free Cash Flow Average	1.85	7.45	2.84	4.97	-17.9	2.86	-14.4	-6.13	11.02	3.78	24.39	-19.59	4.79	7.33	7.88
Price/Free Cash Flow High	3.01	9.02	4.47	6.31	-21.35	4.58	-17.42	-7.19	13.39	4.85	29.86	-22.39	5.49	15.29	13.52
Price/Free Cash Flow Low	1.41	5.76	2.01	4.02	-14.08	1.69	-9.7	-5.28	8.36	2.66	19.52	-16.6	4.23	3.54	3.41
EV/Sales Average	- -	0.17	0.02	0.32	0.89	0.83	0.94	0.97	2.1	0.76	0.72	0.76	0.65	1.25	3.04
EV/Sales High	0.58	0.34	0.72	0.65	1.14	1.47	1.17	1.19	2.7	1.25	1.04	0.93	0.79	2.78	5.48
EV/Sales Low	- -	- -	- -	0.08	0.62	0.38	0.59	0.79	1.43	0.26	0.44	0.59	0.53	0.52	1.12
EV/EBITDA Average	-0.75	1.31	0.07	1.88	4.86	4.74	7.55	10.11	-10.85	10.83	6.51	7.35	9.18	11.64	20.4
EV/EBITDA High	6.46	2.62	2.44	3.81	6.2	8.42	9.36	12.47	-13.95	17.69	9.36	8.92	11.24	25.91	36.71
EV/EBITDA Low	-3.56	-0.09	-1.13	0.5	3.38	2.21	4.73	8.21	-7.37	3.75	3.98	5.67	7.56	4.84	7.48
EV/EBIT Average	-0.8	1.34	0.07	1.9	4.95	4.88	7.82	11.18	-9.86	13	7.03	8.33	10.17	12.39	21.33
EV/EBIT High	6.89	2.68	2.47	3.86	6.31	8.66	9.7	13.79	-12.68	21.24	10.11	10.11	12.45	27.58	38.39
EV/EBIT Low	-3.79	-0.09	-1.14	0.5	3.44	2.27	4.9	9.08	-6.69	4.5	4.3	6.43	8.37	5.15	7.83
Last Price	14.5	18.8	28.41	30.41	30.12	73.75	43.6	42.22	42.11	43.23	37.15	38.99	44.33	136.8	347.11
High Price	17.55	19.71	30.81	40.99	42.5	76.7	75.05	47.53	51.95	54.5	55.99	42.15	48.51	191.46	400
Enterprise Value Average	-10	47	5	122	368	557	841	467	502	299	369	347	371	1,092	2,874
Enterprise Value High	82	95	163	247	470	989	1,043	575	646	489	530	421	454	2,432	5,172
Enterprise Value Low	-45	-3	-75	32	256	260	527	379	341	104	225	268	305	454	1,054

Shares Outstanding	14	14	14	15	15	15	16	16	16	16	15	13	13	14	14
Diluted Weighted Avg Shares	14	14	14	15	15	16	16	16	16	16	16	14	14	14	14
Basic Weighted Avg Shares	14	14	14	14	15	15	16	16	16	16	16	14	13	13	14
Revenue per Share	10.42	20.21	16.16	26.54	28.01	44.81	57.52	30.97	15.3	25.03	32.41	32.31	42.9	65	68.59
EBITDA per Share	0.93	2.62	4.74	4.5	5.13	7.79	7.18	2.96	-2.96	1.76	3.6	3.35	3.02	6.98	10.23
Operating Income per Share	0.88	2.57	4.69	4.44	5.04	7.58	6.93	2.68	-3.26	1.47	3.34	2.96	2.73	6.56	9.78
Basic EPS, GAAP	0.68	1.69	2.85	2.11	2.46	4.67	4.64	3.34	-2.73	1.52	2.43	2.35	2.42	6.35	10
Basic EPS from Cont Ops	0.54	1.58	3.08	3.01	3.4	5.14	7.26	3.03	-2.61	1.52	2.27	2.46	2.42	6.35	10
Diluted EPS, GAAP	0.67	1.65	2.78	2.05	2.42	4.5	4.56	3.32	-2.73	1.51	2.4	2.33	2.39	6.15	9.74
Diluted EPS from Cont Ops	0.54	1.55	3	2.93	3.34	4.96	7.14	3.01	-2.61	1.5	2.24	2.45	2.39	6.15	9.74
Dividend per Share	0.5	0.61	0.76	0.7	0.7	1.01	1	1	1	3	1	0.99	1.1	1.36	1.76
Cash Flow per Share	5.78	2.24	6.99	6.47	-2.24	17.19	-4.69	-7.21	3.43	11.23	1.81	-2.13	8.74	12.46	30.11
Free Cash Flow per Basic Share	5.66	2.24	6.91	6.26	-2.45	17.01	-5	-7.77	2.98	11.13	1.72	-2.37	8.54	11.97	29.83
Cash & Equivalents per Share	11.5	12.71	19.34	23.12	18.64	34.71	27.96	19.05	20.99	29.15	28.03	23.11	30.86	39.05	64.99
Book Value per Share	0.81	1.88	3.94	5.25	6.9	10.42	13.75	16.05	12.27	10.75	12.16	14.93	17.05	21.94	29.67
Tangible Book Value per Share	5.87	7.14	9.75	10.71	11.87	16.56	20.4	22.83	19.72	18.53	18.72	17.77	19.51	23.94	31.42

Argan, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)