Is argenx NV ADR (ARGX) overvalued?
On Equity Rank's model estimate, ARGX trades close to its fair value (6% above it). argenx NV ADR (ARGX) last closed at $927.21; the multi-method model fair value is $875.52.
| Price | Model fair value | Price vs model |
|---|---|---|
| $927.21 | $875.52 | 6% above |
What the answer rests on
- 2 of 8 valuation methods put ARGX's value above its price and 6 put it below, so the methods mostly agree.
- To justify today's price, ARGX's free cash flow would need to grow about 23.3% a year for ten years (a reverse discounted cash flow).
- Over the past year the price sat below the model fair value on 34% of trading days. The gap ranged from 12% below to 9% above the model fair value.
Read this before relying on it
The model fair value is an estimate from published financial statements. It is not a forecast of where the price goes, and it can be wrong. Within 10% either side we call it close to fair value: valuation models are not precise enough to read more into a smaller gap. Our own lists have no proven edge over the market yet; the live record shows every result, misses included.
Every valuation method behind ARGX's fair value · What prices assume · Other companies