ARGX
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 44.18 | -73.73 | -29.03 | -43.83 |
| Price to Sales | 16.81 | 17.74 | 50.16 | 35.97 |
| Book Value Per Common Share | 90.49 | 69.22 | 50.79 | 49.05 |
| Price to Book | 6.80 | 5.50 | 7.46 | 7.14 |
| Price to Operating Cash Flow | -444.88 | -51.74 | -23.88 | -29.48 |
| Price to Free Cash Flow | -243.71 | -46.86 | -21.31 | -24.56 |
| Enterprise Value to EBITDA | 3553037.87 |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| Price to Earnings | |||
| Price to Sales | 35.57 | 50.61 | |
| Book Value Per Common Share | 99.66 | 90.49 | 71.28 |
| Price to Book | 5.53 | 6.80 | 6.03 |
| Price to Operating Cash Flow | |||
| Price to Free Cash Flow | |||
| Enterprise Value to EBITDA | 1170581.47 | 4284642.72 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 78.60 | 198.56 | -17.40 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| Earning YoY | |||
| Revenue YoY | 19.89 | 28.87 | |
| EBITDA YoY | 41.54 | -1.68 | |
| Net Profit YoY | 44.78 | 746.91 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 56.45 | 55.62 | 40.32 | 45.75 |
| Quick Ratio | 6.40 | 8.70 | 8.17 | 7.88 |
| Current Ratio | 7.29 | 9.75 | 9.18 | 8.44 |
| Debt to Equity | 0.13 | 0.11 | 0.11 | 0.12 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 | 0.01 |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| Cash Per Common Share | 64.22 | 55.61 | 51.88 |
| Quick Ratio | 4.92 | 6.40 | 7.52 |
| Current Ratio | 5.60 | 7.29 | 8.53 |
| Debt to Equity | 0.18 | 0.13 | 0.13 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 13.43 | -6.50 | -22.64 | -14.32 |
| ROE | 15.15 | -7.20 | -25.22 | -16.11 |
| Gross Margin | 89.62 | 90.39 | 92.83 | 100.00 |
| Operating Margin | 4.00 | -24.76 | -177.02 | -80.17 |
| EBITDA Margin | 4.80 | -15.68 | -151.62 | -78.99 |
| Net Profit Margin | 38.03 | -24.06 | -172.76 | -82.10 |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| ROA | 3.42 | 12.48 | |
| ROE | 4.03 | 14.08 | |
| Gross Margin | 88.32 | 90.16 | |
| Operating Margin | 30.38 | 11.81 | |
| EBITDA Margin | 30.38 | 11.81 | |
| Net Profit Margin | 25.88 | 104.84 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| Dividend Yield | |||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 6,202,522.00 | 4,542,458.00 | 3,134,261.00 | 2,850,274.00 |
| Current Assets | 4,883,103.00 | 4,123,737.00 | 2,774,197.00 | 2,542,971.00 |
| Cash and Short-Term Investments | 3,378,826.00 | 3,179,844.00 | 2,192,548.00 | 2,336,728.00 |
| Cash and Cash Equivalents | 1,499,936.00 | 2,048,844.00 | 800,740.00 | 1,334,676.00 |
| Short-Term Investments | 1,878,890.00 | 1,131,000.00 | 1,391,808.00 | 1,002,052.00 |
| Net Receivables | 909,096.00 | 499,271.00 | 277,275.00 | 38,221.00 |
| Inventory | 407,233.00 | 310,550.00 | 228,353.00 | 109,076.00 |
| Other Current Assets | 187,948.00 | 134,072.00 | 76,021.00 | 58,946.00 |
| Non-Current Assets | 1,319,419.00 | 418,721.00 | 360,064.00 | 307,303.00 |
| Property, Plant, Equipment Net | 43,518.00 | 22,676.00 | 16,235.00 | 15,843.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 181,445.00 | 125,228.00 | 174,901.00 | 171,684.00 |
| Long-Term Investments | 49,697.00 | 47,155.00 | 40,481.00 | 53,169.00 |
| Non-Current Deferred Assets | 924,299.00 | 97,211.00 | 79,222.00 | 32,191.00 |
| Other Non-Current Assets | 120,460.00 | 126,451.00 | 49,225.00 | 34,416.00 |
| Liabilities | 704,239.00 | 444,951.00 | 320,562.00 | 316,050.00 |
| Current Liabilities | 669,916.00 | 422,993.00 | 302,277.00 | 301,239.00 |
| Payables and Expenses | 512,565.00 | 323,243.00 | 214,522.00 | 213,993.00 |
| Account Payables | 482,702.00 | 301,345.00 | 208,199.00 | 208,850.00 |
| Current Accrued Liabilities | 0 | 55,788.00 | 19,478.00 | 0 |
| Short-Term Debt | 6,533.00 | 4,646.00 | 3,417.00 | 3,509.00 |
| Other Current Liabilities | 150,818.00 | 95,104.00 | 84,338.00 | 83,737.00 |
| Non-Current Liabilities | 34,323.00 | 21,958.00 | 18,285.00 | 14,811.00 |
| Long-Term Debt | 32,520.00 | 15,354.00 | 9,009.00 | 7,956.00 |
| Other Non-Current Liabilities | 1,803.00 | 6,604.00 | 9,276.00 | 6,855.00 |
| Equity | 5,498,283.00 | 4,097,507.00 | 2,813,699.00 | 2,534,224.00 |
| Shareholders Equity | 5,498,283.00 | 4,097,507.00 | 2,813,699.00 | 2,534,224.00 |
| Capital Stock | 7,227.00 | 7,058.00 | 6,640.00 | 6,233.00 |
| Share Premium | 5,948,916.00 | 5,651,497.00 | 4,309,880.00 | 3,462,775.00 |
| Retained Earnings | -1,571,804.00 | -2,404,844.00 | -2,109,791.00 | -1,400,197.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 66,713.00 | 72,071.00 | 71,723.00 | 92,394.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 39,053.00 | 20,000.00 | 12,426.00 | 11,465.00 |
| Common Shares Outstanding | 60,760.96 | 59,194.49 | 55,395.86 | 51,668.32 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 2,190,231.00 | 1,226,316.00 | 410,746.00 | 497,277.00 |
| Cost Of Revenue | 227,289.00 | 117,835.00 | 29,431.00 | 0 |
| Interest Income | 138,740.00 | 92,962.00 | 24,741.00 | 3,489.00 |
| Interest Expense | 2,464.00 | 904.00 | 2,193.00 | 1,096.00 |
| Non-Interest Expense | 1,052,188.00 | 709,539.00 | 469,921.00 | 305,519.00 |
| Gross Profit | 1,962,942.00 | 1,108,481.00 | 381,315.00 | 497,277.00 |
| Operating Expenses | 1,980,786.00 | 1,529,119.00 | 1,105,234.00 | 857,176.00 |
| Selling, General and Administrative Expenses | 1,052,188.00 | 709,539.00 | 469,921.00 | 305,519.00 |
| Research and Development Expenses | 983,423.00 | 859,492.00 | 663,366.00 | 580,520.00 |
| Other Operating Expenses | -57,974.00 | -42,278.00 | -30,264.00 | -30,989.00 |
| Operating Income | -17,844.00 | -420,638.00 | -723,919.00 | -359,899.00 |
| EBT | 85,180.00 | -304,496.00 | -729,314.00 | -399,743.00 |
| Income Tax | -747,860.00 | -9,443.00 | -19,720.00 | 8,522.00 |
| Net Income Including Non-Controlling Interests | 833,040.00 | -295,053.00 | -709,594.00 | -408,265.00 |
| Net Income | 833,040.00 | -295,053.00 | -709,594.00 | -408,265.00 |
| EBIT | 87,644.00 | -303,592.00 | -727,121.00 | -398,647.00 |
| Deprecation and Amortization | 17,527.00 | 111,307.00 | 104,342.00 | 5,867.00 |
| EBITDA | 105,171.00 | -192,285.00 | -622,779.00 | -392,780.00 |
| EPS | 0.01 | -0.01 | -0.01 | -0.01 |
| Diluted EPS | 0.01 | -0.01 | -0.01 | -0.01 |
| Average Shares Outstanding Basic | 59,855.58 | 57,169.25 | 54,381.37 | 51,075.83 |
| Average Shares Outstanding Diluted | 65,177.82 | 57,169.25 | 54,381.37 | 51,075.83 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -82,747.00 | -420,327.00 | -862,807.00 | -606,812.00 |
| Operating Net Income | -21,654.00 | -425,049.00 | -720,341.00 | -348,746.00 |
| Deprecation and Amortization | 17,527.00 | 111,307.00 | 104,342.00 | 5,867.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 235,179.00 | 232,974.00 | 157,026.00 | 179,366.00 |
| Change in Working Capital | -325,173.00 | -308,891.00 | -375,722.00 | -340,951.00 |
| Other Operating Activities | 11,374.00 | -30,668.00 | -28,112.00 | -102,348.00 |
| Investing Cash Flow | -717,594.00 | 308,210.00 | -461,184.00 | -347,070.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,801.00 | -812.00 | -837.00 | -3,623.00 |
| Net Purchase/Sale of Investments Net | -753,942.00 | 272,269.00 | -368,506.00 | -228,239.00 |
| Net Purchase/Sale of Business | -7,000.00 | -13,000.00 | -2,000.00 | 0 |
| Other Investing Activities | 45,149.00 | 49,753.00 | -89,841.00 | -115,208.00 |
| Financing Cash Flow | 279,759.00 | 1,336,727.00 | 843,757.00 | 1,121,342.00 |
| Net Issuance/Repayment of Debt | -7,638.00 | -3,801.00 | -4,165.00 | -3,855.00 |
| Net Issuance/Repurchase of Equity | 0 | 1,196,731.00 | 760,953.00 | 1,091,326.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 287,397.00 | 143,797.00 | 86,969.00 | 33,871.00 |
| Net Change in Cash | -520,582.00 | 1,224,610.00 | -480,234.00 | 167,460.00 |
| Cash at Beginning of Period | 2,048,844.00 | 800,740.00 | 1,334,676.00 | 1,216,803.00 |
| Cash at End of Period | 1,499,936.00 | 2,048,844.00 | 800,740.00 | 1,334,676.00 |
| Free Cash Flow | -151,048.00 | -464,139.00 | -966,630.00 | -728,246.00 |
| Breakdown | 2025-06-30 | 2024-12-31 | 2024-06-30 |
|---|---|---|---|
| Assets | 7,175,592.00 | 6,202,522.00 | 4,796,558.00 |
| Current Assets | 5,829,739.00 | 4,883,103.00 | 4,263,788.00 |
| Cash and Short-Term Investments | 3,928,176.00 | 3,378,826.00 | 3,102,347.00 |
| Cash and Cash Equivalents | 2,085,976.00 | 1,499,936.00 | 1,438,247.00 |
| Short-Term Investments | 1,842,200.00 | 1,878,890.00 | 1,664,100.00 |
| Net Receivables | 1,198,226.00 | 909,096.00 | 655,561.00 |
| Inventory | 340,621.00 | 407,233.00 | 326,460.00 |
| Other Current Assets | 362,716.00 | 187,948.00 | 179,420.00 |
| Non-Current Assets | 1,345,853.00 | 1,319,419.00 | 532,770.00 |
| Property, Plant, Equipment Net | 45,795.00 | 43,518.00 | 36,931.00 |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 181,445.00 | 0 |
| Long-Term Investments | 10,681.00 | 49,697.00 | 38,606.00 |
| Non-Current Deferred Assets | 899,607.00 | 924,299.00 | 174,626.00 |
| Other Non-Current Assets | 0 | 120,460.00 | 0 |
| Liabilities | 1,079,840.00 | 704,239.00 | 534,311.00 |
| Current Liabilities | 1,041,904.00 | 669,916.00 | 499,629.00 |
| Payables and Expenses | 906,600.00 | 512,565.00 | 387,068.00 |
| Account Payables | 852,203.00 | 482,702.00 | 280,633.00 |
| Current Accrued Liabilities | 0 | 0 | 84,236.00 |
| Short-Term Debt | 7,584.00 | 6,533.00 | 5,853.00 |
| Other Current Liabilities | 127,720.00 | 150,818.00 | 106,708.00 |
| Non-Current Liabilities | 37,936.00 | 34,323.00 | 34,682.00 |
| Long-Term Debt | 35,568.00 | 32,520.00 | 28,107.00 |
| Other Non-Current Liabilities | 2,368.00 | 1,803.00 | 6,575.00 |
| Equity | 6,095,752.00 | 5,498,283.00 | 4,262,247.00 |
| Shareholders Equity | 6,095,752.00 | 5,498,283.00 | 4,262,247.00 |
| Capital Stock | 7,264.00 | 7,227.00 | 7,118.00 |
| Share Premium | 6,025,789.00 | 5,948,916.00 | 5,747,441.00 |
| Retained Earnings | -1,156,977.00 | -1,571,804.00 | -2,437,375.00 |
| Treasury Shares | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 78,218.00 | 66,713.00 | 945,063.00 |
| Minority Interest | 0 | 0 | 0 |
| Debt | 43,152.00 | 39,053.00 | 33,960.00 |
| Common Shares Outstanding | 61,166.25 | 60,760.96 | 59,796.27 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 1,126,961.00 | 947,961.00 | 790,683.00 | 738,411.00 | 572,997.00 | 0 |
| Cost Of Revenue | 109,426.00 | 110,747.00 | 80,805.00 | 72,656.00 | 59,072.00 | 0 |
| Interest Income | 42,700.00 | 38,399.00 | 37,118.00 | 20,326.00 | 40,586.00 | 0 |
| Interest Expense | 993.00 | 1,126.00 | 1,135.00 | 704.00 | 676.00 | 0 |
| Non-Interest Expense | 336,291.00 | 321,354.00 | 276,248.00 | 282,796.00 | 277,698.00 | 0 |
| Gross Profit | 1,017,535.00 | 837,214.00 | 709,878.00 | 665,755.00 | 513,925.00 | 0 |
| Operating Expenses | 667,565.00 | 633,373.00 | 568,631.00 | 564,198.00 | 497,757.00 | 0 |
| Selling, General and Administrative Expenses | 336,291.00 | 321,354.00 | 276,248.00 | 282,796.00 | 277,698.00 | 0 |
| Research and Development Expenses | 355,651.00 | 327,697.00 | 309,070.00 | 297,228.00 | 235,940.00 | 0 |
| Other Operating Expenses | -24,377.00 | -19,226.00 | -16,687.00 | -18,975.00 | -15,881.00 | 0 |
| Operating Income | 349,970.00 | 203,841.00 | 141,247.00 | 101,557.00 | 16,168.00 | 0 |
| EBT | 386,053.00 | 286,899.00 | 202,361.00 | 86,509.00 | 88,024.00 | 0 |
| Income Tax | 41,795.00 | 41,541.00 | 32,892.00 | -687,652.00 | -3,386.00 | 0 |
| Net Income Including Non-Controlling Interests | 344,258.00 | 245,358.00 | 169,469.00 | 774,161.00 | 91,410.00 | 0 |
| Net Income | 344,258.00 | 245,358.00 | 169,469.00 | 774,161.00 | 91,410.00 | 0 |
| EBIT | 387,046.00 | 288,025.00 | 203,496.00 | 87,213.00 | 88,700.00 | 0 |
| EBITDA | 387,046.00 | 288,025.00 | 203,496.00 | 87,213.00 | 88,700.00 | 0 |
| EPS | 0.01 | 0 | 0.00 | 0 | 0.00 | -0.00 |
| Diluted EPS | 0.01 | 0 | 0.00 | 0 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 61,371.51 | 0 | 60,983.32 | 0 | 60,087.50 | 59,310.00 |
| Average Shares Outstanding Diluted | 66,441.33 | 0 | 65,664.30 | 0 | 65,636.69 | 59,310.00 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |