Equity Brief · Consumer Cyclical2026-09-01
ARTE.RO·Consumer Cyclical

Artego

I · AI Analysis

The brief

Artego manufactures specialized industrial rubber products including conveyor belts for mining and bulk material handling (fire-resistant, temperature-resistant, oil-resistant variants), rubber sheets for industrial flooring and gaskets, and reconditioned drums for food processing and other industries. The company exports its products and has operated from Târgu Jiu, Romania since 1973.

Artego is a Romanian manufacturer of industrial rubber products, primarily conveyor belts and rubber sheets for mining, construction, and industrial applications [Yahoo Finance]. Founded in 1973 and employing approximately 450 people, the company faces serious financial headwinds: revenue fell 14.2% year-over-year to RON 123.3M through 30 June 2026, operating margins compressed to 4.8%, and the business consumed RON 1.4M in free cash flow despite holding net cash [Yahoo Finance]. The health score of 3.2/10 and a stretched 216x P/E ratio signal significant risk.

Weak profitability, shrinking revenue, and negative free cash flow place the company under material financial stress.

The brief AI analysisConfidence 4/10

Sentinellis health

Significant risks

3.2/10

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

Profitability

16% of score0.0/10
Net margin+2.1%· need > 5%Gross margin+34.8%· need > 35%

Returns on capital

16% of score0.0/10
ROIC+0.1%· need > 10%Return on equity+2.9%· need > 12%

Growth & momentum

11% of score0.0/10
Revenue growth-14.2%· need > +5% YoYOperating margin trend—· no data

Balance sheet

32% of score10.0/10
Current ratio4.4xNet debt / EBITDA-1.0xInterest coverage3.2xDebt / equity0.06

Cash generation

16% of score0.0/10
Free cash flowRON -1.4M· need positiveCash vs reported profitRON -1.0M vs RON 2.6M· need OCF > net income

Value creation

11% of score0.0/10
ROIC vs cost of capital-7.8pp· 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 70.2M

Revenue (TTM)

RON 123.3M

Explainers

How we read these numbers

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II · Recent news

What moved

1 story · ranked by relevance

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Revenue contracted 14.2% year-over-year through 30 June 2026, signaling either lost market share or end-market weakness in bulk material handling and mining sectors [Yahoo Finance].

1 of 6 risks in this report

Risks

6

Opportunities

4

Red flags

3

Leadership

3

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

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III · Related

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Produced 01 Sept 2026, 08:47 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