Equity Brief · Basic Materials2026-09-01
ALR.RO·Basic Materials

Alro

I · AI Analysis

The brief

Alro produces aluminum metal from raw materials (alumina) and processes it into sheets, plates, wire, extrusions, and coils for aerospace, automotive, construction, power cable, and electronics industries [Company description]. The company operates three divisions — Alumina, Primary Aluminium, and Processed Aluminium — and sells flat-rolled products, billets, ingots, and profiles globally [Company description].

Alro is Romania's largest aluminum producer, operating smelters and processing facilities that ship more than 84% of output to export markets [news.ro]. The company reported net profit of 101 million lei and revenue of 2.4 billion lei for the first half of 2026, with revenue up 20% year-over-year [Ziarul Bursa]. However, trailing-twelve-month financials through 31 March 2026 show a negative net margin of -1.3%, negative free cash flow of 49.5 million lei, and net debt at 4.4 times EBITDA [Yahoo Finance].

Revenue is growing but the company remains unprofitable on a trailing basis, carries high debt, and burns cash.

The brief AI analysisConfidence 5/10

Sentinellis health

Significant risks

2.6/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

16% of score0.0/10
Net margin-1.3%· need > 5%Gross margin+4.7%· need > 35%

Returns on capital

16% of score0.0/10
ROIC+3.3%· need > 10%Return on equity-5.1%· need > 12%

Growth & momentum

11% of score10.0/10
Revenue growth+8.0%Operating margin trend· no data

Balance sheet

32% of score3.3/10
Current ratio1.2xNet debt / EBITDA4.4x· need < 2.5xInterest coverage0.8x· need > 3.0xDebt / equity1.55· need < 1.5

Cash generation

16% of score3.3/10
Free cash flowRON -49.5M· need positiveCash vs reported profitRON 100.9M vs RON -50.9M

Value creation

11% of score0.0/10
ROIC vs cost of capital-2.6pp· need ROIC above WACC

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

RON 1.0B

Revenue (TTM)

RON 4.0B

II · Recent news

What moved

6 stories · ranked by relevance

  • company2026-08-31

    Producătorul de aluminiu Alro raportează afaceri de 2,4 miliarde de lei în primul semestru - Economedia

    Economedia

  • company2026-08-31

    Profitul ALRO a explodat, dar în spatele cifrelor apar compensații de 200 de milioane de lei - DCBusiness

    DCBusiness

  • company2026-08-31

    Grupul ALRO raportează un profit net de 101 milioane de lei şi o cifră de afaceri de 2,4 miliarde de lei în primul semestru din 2026 - Ziarul Bursa

    Ziarul Bursa

  • company2026-08-31

    Alro Slatina a înmulţit de aproape şase ori profitul net în primul semestru, până la 101 mil. lei, pe f - Ziarul Financiar

    Ziarul Financiar

  • company2026-08-31

    Cifră de afaceri mai mare cu 20% şi profit de peste 100 milioane de lei pentru ALRO, în primul semestru/Exporturile, pondere de peste 84% în vânzări - News.ro

    news.ro

  • company2026-08-31

    ALRO reports turnover of 2.4 billion RON, up 20 percent in H1 2026

    The Diplomat Bucharest

Premium · Free with any account

Net debt at 4.4 times EBITDA is elevated and leaves little cushion if aluminum prices weaken or energy costs rise [Yahoo Finance].

1 of 5 risks in this report

Risks

5

Opportunities

4

Red flags

3

Leadership

7

11 more findings in the full report — free with any account.

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III · Related

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Produced 01 Sept 2026, 08:45 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated