Equity Brief · Industrials2026-09-01
CMF.RO·Industrials

Comelf

I · AI Analysis

The brief

Comelf manufactures industrial equipment across multiple segments including stainless steel products, earthmoving machinery, filters, military equipment, naval and railway equipment, and pressure vessels, primarily serving energy, defense, and heavy industry customers in Romania and internationally.

Comelf S.A. is a Romanian industrial machinery manufacturer producing engines, turbines, earthmoving equipment, and military components, with 556 employees and revenue of RON 170.9M [Yahoo Finance]. The company reported over 12% revenue growth in the first half of 2026 [bistritabusiness.ro] and maintains a 3.82% dividend yield with an ex-dividend date of September 1, 2026 [Yahoo Finance]. However, profitability is weak relative to operating performance, and 80.9% ownership concentration creates limited public float [Yahoo Finance].

Revenue growing strongly at 15.2% year-over-year, but profit margins are thin and net income runs well below operating income.

The brief AI analysisConfidence 6/10

Sentinellis health

Moderate concerns

5.7/10

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

Profitability

14% of score3.3/10
Net margin+2.8%· need > 5%Gross margin+54.0%

Returns on capital

14% of score0.0/10
ROIC+5.5%· need > 10%Return on equity+6.3%· need > 12%

Growth & momentum

19% of score10.0/10
Revenue growth+15.2%Operating margin trend-0.4pp YoY

Balance sheet

29% of score6.7/10
Current ratio1.1x· need > 1.2xNet debt / EBITDA2.2xInterest coverage5.6xDebt / equity0.47

Cash generation

14% of score10.0/10
Free cash flowRON 9.6MCash vs reported profitRON 5.7M vs RON 4.8M

Value creation

10% of score0.0/10
ROIC vs cost of capital-2.5pp· 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 104.3M

Revenue (TTM)

RON 170.9M

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

3 stories · ranked by relevance

  • Company2026-09-01

    COMELF și-a majorat afacerile cu peste 12% în primul semestru din 2026 - bistritabusiness.ro

    bistritabusiness.ro

  • Company2026-08-28

    Just Four Days Till Comelf S.A. (BVB:CMF) Will Be Trading Ex-Dividend - webull.com

    webull.com

  • Company2026-08-30

    FOTO/VIDEO: Patru studenți ai Universității Naționale de Arte București au muncit cot la cot cu muncitorii Comelf. Au ieșit câteva sculpturi în metal impresionante - Bistrițeanul.ro

    bistrițeanul.ro

Premium · Free with any account

Net income runs at only 53.8% of operating income, RON 3.9M below where it should be after normal tax—this gap suggests the bottom line includes significant non-operating charges or writedowns that weaken reported profitability [Yahoo Finance]

1 of 5 risks in this report

Risks

5

Opportunities

7

Red flags

2

Leadership

8

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

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III · Related

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Produced 01 Sept 2026, 08:50 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