Argen X SE risk profile
12 Contained slack in every measured input
Measured 1 September 2026 from ARGX's filed statements. Recomputed nightly.
12 (Contained), driven by Cash conversion at 36, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 25 | Normal | Stable | One-year price volatility — 34.8% |
| Operating pressure | 0 | Contained | Stable | Costs outgrowing revenue — -49.3 percentage points |
| Cash conversion | 36 | Normal | Easing | Cash conversion — 0.53x |
| Leverage and coverage | 0 | Contained | Stable | Net debt to EBITDA — -2.63x |
| Competitive position | 14 | Contained | Stable | Operating-margin gap against peers — +11.9 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.