Announcement • Jun 01
S.C. Artego S.A. to Report Q3, 2026 Results on Nov 12, 2026 S.C. Artego S.A. announced that they will report Q3, 2026 results on Nov 12, 2026 Upcoming Dividend • May 26
Upcoming dividend of RON0.33 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 18 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Romanian dividend payers (6.1%). In line with average of industry peers (3.1%). Reported Earnings • May 18
First quarter 2026 earnings released: EPS: RON0.001 (vs RON0.032 loss in 1Q 2025) First quarter 2026 results: EPS: RON0.001 (up from RON0.032 loss in 1Q 2025). Revenue: RON31.6m (down 9.6% from 1Q 2025). Net income: RON8.1k (up RON270.8k from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • May 15
S.C. Artego S.A. to Report Q1, 2026 Results on May 14, 2026 S.C. Artego S.A. announced that they will report Q1, 2026 results on May 14, 2026 Announcement • Nov 19
S.C. Artego S.A. announces Annual dividend, payable on June 18, 2026 S.C. Artego S.A. announced Annual dividend of RON 0.3333 per share payable on June 18, 2026, ex-date on June 02, 2026 and record date on June 03, 2026. Reported Earnings • Nov 18
Third quarter 2025 earnings released: RON0.12 loss per share (vs RON0.067 profit in 3Q 2024) Third quarter 2025 results: RON0.12 loss per share (down from RON0.067 profit in 3Q 2024). Revenue: RON35.6m (down 3.5% from 3Q 2024). Net loss: RON1.00m (down 283% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: RON33.1m (down 8.8% from 2Q 2024). Net loss: RON803.2k (down 226% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 07
Upcoming dividend of RON0.39 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 31 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of Romanian dividend payers (6.4%). In line with average of industry peers (3.0%). New Risk • May 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Romanian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 232% Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (RON108.7m market cap, or US$24.3m). Reported Earnings • May 18
First quarter 2025 earnings released: RON0.032 loss per share (vs RON0.036 loss in 1Q 2024) First quarter 2025 results: RON0.032 loss per share (improved from RON0.036 loss in 1Q 2024). Revenue: RON35.2m (flat on 1Q 2024). Net loss: RON262.7k (loss narrowed 10% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 95% Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 95% Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (RON116.9m market cap, or US$25.7m). Announcement • Mar 28
S.C. Artego S.A. announces Annual dividend, payable on July 31, 2025 S.C. Artego S.A. announced Annual dividend of RON 0.3889 per share payable on July 31, 2025, ex-date on July 14, 2025 and record date on July 15, 2025. New Risk • Mar 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Romanian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (RON116.9m market cap, or US$25.5m). Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: RON0.16 (vs RON1.08 in FY 2023) Full year 2024 results: EPS: RON0.16 (down from RON1.08 in FY 2023). Revenue: RON157.3m (down 3.7% from FY 2023). Net income: RON1.33m (down 85% from FY 2023). Profit margin: 0.8% (down from 5.4% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: RON0.067 (vs RON0.48 in 3Q 2023) Third quarter 2024 results: EPS: RON0.067 (down from RON0.48 in 3Q 2023). Revenue: RON43.4m (up 10% from 3Q 2023). Net income: RON547.6k (down 86% from 3Q 2023). Profit margin: 1.3% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Nov 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Romanian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 5.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (176% payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (RON134.7m market cap, or US$29.0m). Reported Earnings • Sep 03
Second quarter 2024 earnings released: EPS: RON0.079 (vs RON0.42 in 2Q 2023) Second quarter 2024 results: EPS: RON0.079 (down from RON0.42 in 2Q 2023). Revenue: RON37.0m (down 9.7% from 2Q 2023). Net income: RON639.4k (down 82% from 2Q 2023). Profit margin: 1.7% (down from 8.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2024 earnings released: RON0.036 loss per share (vs RON0.39 profit in 1Q 2023) First quarter 2024 results: RON0.036 loss per share (down from RON0.39 profit in 1Q 2023). Revenue: RON35.3m (down 22% from 1Q 2023). Net loss: RON293.1k (down 109% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • May 06
Upcoming dividend of RON0.65 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 31 May 2024. Trailing yield: 3.1%. Lower than top quartile of Romanian dividend payers (6.7%). Lower than average of industry peers (3.9%). Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: RON1.08 (vs RON1.52 in FY 2022) Full year 2023 results: EPS: RON1.08 (down from RON1.52 in FY 2022). Revenue: RON173.6m (down 14% from FY 2022). Net income: RON8.75m (down 29% from FY 2022). Profit margin: 5.0% (down from 6.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RON18.70, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Machinery industry in Romania. Total returns to shareholders of 184% over the past three years. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: RON0.48 (vs RON0.37 in 3Q 2022) Third quarter 2023 results: EPS: RON0.48 (up from RON0.37 in 3Q 2022). Revenue: RON49.1m (down 6.4% from 3Q 2022). Net income: RON3.93m (up 32% from 3Q 2022). Profit margin: 8.0% (up from 5.7% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 06
Second quarter 2023 earnings released: EPS: RON0.42 (vs RON0.33 in 2Q 2022) Second quarter 2023 results: EPS: RON0.42 (up from RON0.33 in 2Q 2022). Revenue: RON45.6m (up 4.9% from 2Q 2022). Net income: RON3.45m (up 29% from 2Q 2022). Profit margin: 7.6% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RON16.40, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 10x in the Machinery industry in Romania. Total returns to shareholders of 167% over the past three years. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: RON0.39 (vs RON0.47 in 1Q 2022) First quarter 2023 results: EPS: RON0.39 (down from RON0.47 in 1Q 2022). Revenue: RON46.2m (up 4.2% from 1Q 2022). Net income: RON3.14m (down 18% from 1Q 2022). Profit margin: 6.8% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 02
Upcoming dividend of RON0.87 per share at 4.1% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 31 May 2023. Trailing yield: 4.1%. Lower than top quartile of Romanian dividend payers (8.7%). Higher than average of industry peers (2.7%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Arancutean Mircea-Stelian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 03
Upcoming dividend of RON0.74 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 01 September 2022. Trailing yield: 5.1%. Lower than top quartile of Romanian dividend payers (6.9%). Higher than average of industry peers (2.6%). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Arancutean Mircea-Stelian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 19% share price gain to RON12.90, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the Machinery industry in Romania. Total returns to shareholders of 196% over the past three years. Upcoming Dividend • May 06
Inaugural dividend of RON0.66 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 31 May 2021. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 1.8%. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS RON1.19 (vs RON1.36 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: RON140.9m (down 23% from FY 2019). Net income: RON10.6m (down 13% from FY 2019). Profit margin: 7.5% (up from 6.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 30
New 90-day high: RON11.10 The company is up 54% from its price of RON7.20 on 24 September 2020. The Romanian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 21% share price gain to RON9.50, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 19x in the Machinery industry in Romania. Total returns to shareholders over the past three years are 65%. Is New 90 Day High Low • Dec 07
New 90-day high: RON8.30 The company is up 9.0% from its price of RON7.60 on 04 September 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period.