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Arteche Lantegi Elkartea SA (ART) Fair Value & Analysis

Technology · ES · Market cap €1.8B · ISIN ES0105521001

What is Arteche Lantegi Elkartea SA really worth?

AL Arteche Lantegi Elkartea SA ART · MC
Price€29.00
Fair Value€18.75
Upside−35.3%
Quality63/100

A solid business, but trading 55% above our fair value of €18.75.

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Strengths

Healthy Growth (revenue 5y +13.9 %/yr)
Moderate debt · generates free cash flow

Risks

!Thin margins · 8.8% net margin
!Mixed vs. peers (7/14)
!Moderate moat 64/100
!Weak on dividend: 8 out of 100
Evidence: High Range €9.80 – €27.33

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 17 days ago

Share price +2.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€27.33). The favourable scenario is already priced in.
  • The model range is unusually wide (€9.80 to €27.33). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€44.00 €2.58 Fair Value €18.75 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range €2.58 – €44.00 · fair‑value band €9.80 – €27.33 · the €29.00 price screens above the €18.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Arteche Lantegi Elkartea SA (ART) currently trades at €29.00, while our model-based Fair Value estimate is €18.75, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of €18.78 per share, and 0 of the 26 models we run sit above the €29.00 price. Bear case: the Dividend Discount group reads lowest at €2.08, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Arteche Lantegi Elkartea SA generated revenue of €517M at a net margin of 8.8%. Revenue grew 13.7% year over year. It earns a return on equity of 46.3%. Net debt stands at €74.3M. Fundamentals as of Aug 19, 2026

Our scenario range runs from €9.80 (bear case) to €27.33 (bull case); at €29.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 192% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −35%, ART screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.3993 per share, which is 2.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €6.78 €11.88 €20.02 78
Growth DCF €6.62 €10.98 €17.44 77
Owner Earnings €8.66 €15.16 €25.53 74
All 26 models by family
DCF Models
FCF DCF €6.78 €11.88 €20.02 78
Owner Earnings €8.66 €15.16 €25.53 74
5Y Revenue Exit €8.95 €16.79 €27.75 70
5Y EBITDA Exit €13.60 €26.67 €43.65 73
5Y P/E Exit €12.05 €23.38 €36.77 69
10Y Revenue Exit €7.70 €14.52 €25.52 64
10Y EBITDA Exit €10.87 €21.25 €38.03 65
10Y P/E Exit €9.92 €19.01 €32.62 61
Earnings-Based
Graham-Dodd €5.31 €27.27 €37.70 64
Lynch FV €7.44 €10.63 €13.82 61
PEG = 1.0 €7.44 €10.63 €13.82 57
EPV €7.99 €9.09 €10.00 74
Dividend Discount
Gordon GGM €1.26 €2.28 €3.14 68
DDM Multi-Stage €1.26 €2.08 €2.43 67
Multiples
P/E Multiple €16.40 €21.87 €27.33 63
P/S Multiple €9.96 €13.28 €16.59 58
P/B Multiple €8.68 €11.57 €14.47 55
EV/EBIT €20.46 €27.30 €34.14 66
EV/EBITDA €18.98 €25.33 €31.68 67
EV/Revenue €10.32 €14.76 €19.21 53
Asset-Based
NCAV (Graham) €0.9600 €1.29 €1.93 54
Growth DCF
Growth DCF €6.62 €10.98 €17.44 77
Rev-Margin DCF €8.95 €16.48 €26.54 71
Economic Profit
Residual Income €5.26 €8.19 €95.76 64
ROIC Compounder €8.74 €10.81 €13.10 72
Growth Earnings
Growth-Adj P/E €13.15 €18.78 €24.41 67

Widest divergence: Growth Earnings (€18.78) versus Asset-Based (€1.29). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 49.2
P/S ratio 4.38 P/E × margin
EPS (TTM) €0.5900 price ÷ EPS = P/E 49.2
Dividend yield 0.4% payout 19.9%
Net margin 8.9% FY2025
Return on equity 46.3% TTM
More key figures
Profitability
Return on assets (EBIT) 8.2% avg 5y
Operating margin 12.9% TTM
Growth
Revenue (TTM) €517M TTM
Revenue growth (YoY) +13.7% 3y avg +13.7%
EPS growth (YoY) +169%
Balance sheet & cash flow
Free cash flow €36.0M FY2025
Net debt €74.3M FY2025 · ≈ 2.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 65

Profitability 68
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Arteche Lantegi Elkartea, S.A. engages in the design, manufacture, integration, and supply of electrical equipment and solutions in Spain and internationally.

Full company description

Arteche Lantegi Elkartea, S.A. engages in the design, manufacture, integration, and supply of electrical equipment and solutions in Spain and internationally. It offers high voltage instrument transformers, power voltage transformers, protection of mixed overhead-underground lines, digital instrument transformers, IEEE/ANSI medium voltage instrument transformers, and medium voltage sensors; trip, supervision, and auxiliary relays, railway relays, secondary injection tests, and substation automation solutions; and power quality solutions for grid connected renewables, capacitor banks and harmonic trips, automatic circuit reclosers, and power grid services. The company also provides IEC medium voltage instrument transformers; and flywheels energy storage systems (FESS). Its products are used for measurement, protection, automation, control, and communication in the generation, transmission, and distribution sectors. The company was founded in 1946 and is headquartered in Mungia, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arteche Lantegi Elkartea SA reported revenue of €508M in FY2025 versus €282M in FY2021, a compound +15.9%/yr. Reported net income was €45.3M in FY2025, compounding +51.7%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€508M
Latest YoY
+13.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.9%
Avg. revenue growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.2%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+74.8% (74.4 + 0.4)
Revenue +15.9%/yr
FY21 €282M
FY22 €346M
FY23 €408M
FY24 €447M
FY25 €508M
Net income +51.7%/yr
FY21 €8.5M
FY22 €7.7M
FY23 €12.1M
FY24 €18.9M
FY25 €45.3M

ART screens 55% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Arteche Lantegi Elkartea SA Fair Value". https://www.fairvalue-calculator.com/stock/ART

Peer Group

Electronic Components · 638 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −35% · Above median
Return on equity (TTM) 46% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 13% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.64× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 49.2× · Pricier than median
P/B 19.03× · Pricier than 75% of peers
P/S (TTM) 4.12× · Pricier than median
P/FCF 59.1× · Pricier than 75% of peers
EV/EBITDA 27.9× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE69 · sector 40
PAST100 · sector 25
HEALTH68 · sector 95
DIVIDEND8 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Arteche Lantegi Elkartea SA (ART) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of €18.75 versus a price of €29.00, about −35% upside (overvalued).
What is the fair value of ART?
Our model-based fair value for Arteche Lantegi Elkartea SA is €18.75 (as of Aug 19, 2026), built from audited fundamentals. The current price: €29.00.
What is the quality score of ART?
Arteche Lantegi Elkartea SA has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Arteche Lantegi Elkartea SA (ART)?
Arteche Lantegi Elkartea SA reported trailing-twelve-month revenue of about €517M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of ART?
The net profit margin of Arteche Lantegi Elkartea SA is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does Arteche Lantegi Elkartea SA pay a dividend?
Arteche Lantegi Elkartea SA currently shows a dividend yield of about 0.41% relative to its recent price (as of Aug 19, 2026).
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