Financials Arteche Lantegi Elkartea, S.A.

Equities

ART

ES0105521001

Heavy Electrical Equipment

Market Closed - BME Other stock markets 16:35:00 09/05/2024 BST			5-day change	1st Jan Change
4.8 ^EUR	-2.04%		+3.00%	+20.00%

03-18	Arteche Lantegi Elkartea, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Arteche Lantegi Elkartea, S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	206.1	222.7	228.4	273.4	-	-
Enterprise Value (EV) ¹	272.2	286.3	228.4	320.6	317.4	287.4
P/E ratio	22.6 x	30 x	19 x	16 x	12 x	8.57 x
Yield	1.25%	1.15%	-	1.99%	2.19%	2.5%
Capitalization / Revenue	0.73 x	0.64 x	0.57 x	0.62 x	0.56 x	0.52 x
EV / Revenue	0.97 x	0.83 x	0.57 x	0.73 x	0.65 x	0.55 x
EV / EBITDA	10.4 x	9.51 x	5.61 x	6.63 x	5.88 x	4.29 x
EV / FCF	-20,373,429 x	62,993,928 x	-	-	-	-
FCF Yield	-0%	0%	-	-	-	-
Price to Book	3.9 x	3.23 x	-	4.32 x	-	-
Nbr of stocks (in thousands)	57,094	57,093	57,093	56,953	-	-
Reference price ²	3.610	3.900	4.000	4.800	4.800	4.800
Announcement Date	29/03/22	23/03/23	19/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	264.7	282	345.9	401.3	441.2	485.5	527
EBITDA ¹	-	26.1	30.1	40.7	48.36	54	67
EBIT ¹	-	12.5	14.3	24.2	29.84	34.5	46
Operating Margin	-	4.43%	4.13%	6.03%	6.76%	7.11%	8.73%
Earnings before Tax (EBT) ¹	-	13.84	10.78	-	24.14	31	43
Net income ¹	1.029	8.5	7.686	12.1	18	21.5	32
Net margin	0.39%	3.01%	2.22%	3.02%	4.08%	4.43%	6.07%
EPS ²	-	0.1600	0.1300	0.2100	0.3001	0.4000	0.5600
Free Cash Flow	-	-13.36	4.545	-	-	-	-
FCF margin	-	-4.74%	1.31%	-	-	-	-
FCF Conversion (EBITDA)	-	-	15.1%	-	-	-	-
FCF Conversion (Net income)	-	-	59.13%	-	-	-	-
Dividend per Share ²	-	0.0450	0.0450	-	0.0953	0.1050	0.1200
Announcement Date	29/03/21	29/03/22	23/03/23	19/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S2
Net sales ¹	189.6
EBITDA ¹	17
EBIT ¹	8.5
Operating Margin	4.48%
Earnings before Tax (EBT)	-
Net income ¹	4.646
Net margin	2.45%
EPS	-
Dividend per Share	-
Announcement Date	23/03/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	66.1	63.6	-	47.2	44	14
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.533 x	2.114 x	-	0.9767 x	0.8148 x	0.209 x
Free Cash Flow	-	-13.4	4.55	-	-	-	-
ROE (net income / shareholders' equity)	-	16.2%	14.4%	-	24.7%	27.6%	28.7%
ROA (Net income/ Total Assets)	-	-	3.04%	-	5.6%	6.8%	8.5%
Assets ¹	-	-	253	-	321.4	316.2	376.5
Book Value Per Share ²	-	0.9200	1.210	-	1.110	-	-
Cash Flow per Share ²	-	-	0.3700	-	0.6100	-	-
Capex ¹	-	21.2	20.8	-	20	21	23
Capex / Sales	-	7.52%	6.01%	-	4.53%	4.33%	4.36%
Announcement Date	29/03/21	29/03/22	23/03/23	19/03/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Arteche Lantegi Elkartea, S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.8 EUR

Average target price

5.22 EUR

Spread / Average Target

+8.75%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Smart Grid & Electrical Transmission

	1st Jan change	Capi.
ARTECHE LANTEGI ELKARTEA, S.A.	+20.00%	300M
TBEA CO., LTD.	+4.57%	9.93B
HITACHI ENERGY INDIA LIMITED	+70.08%	4.53B
STATE GRID YINGDA CO.,LTD.	+3.56%	3.85B
ASTOR ENERJI	+15.16%	3.36B
HEXING ELECTRICAL CO.,LTD.	+62.56%	3.12B
HAINAN JINPAN SMART TECHNOLOGY CO., LTD.	+42.06%	2.93B
HENAN PINGGAO ELECTRIC CO.,LTD.	+20.09%	2.73B
HSINO TOWER GROUP CO., LTD.	-6.61%	1.92B
BEIJING SIFANG AUTOMATION CO.,LTD	+17.73%	1.85B

Smart Grid & Electrical Transmission