Arteche ART.MC
SpainTechnology · Electronic ComponentsBolsa de Madrid (BME) · EUR
39.67 EUR (+12.4%)
2 analysts
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Arteche is a Spanish manufacturer of electrical components and equipment for power generation, transmission and distribution, with a global presence in the electrical infrastructure sector.
Listed on Bolsa de Madrid (BME) · Symbol ART.MC · BME: ART · Currency EUR
Key points
from its scores- ✓Good share-price trend9.0
- ✓Strong growth8.1
- ✓High-quality business7.7
- ✕Little or no dividend4.8
- !Somewhat demanding valuation5.6
AI analysis
bottom line, main risk, context and newsQuality and growth justify the premium, but the high P/E limits the margin of safety.
Arteche shows solid financial health (ND/EBITDA 0.94), exceptional quality (ROE 45.19%, ROIC 23.87%) and strong growth (earnings +46.8%), although its valuation is demanding (P/E 44.12) and the dividend yield is low (1.13%). Momentum is very positive (64.39%).
The demanding valuation (P/E 44.12) leaves little room for any slowdown in earnings growth, which is the main support for the multiple.
Context and risks
Arteche is a manufacturer of electrical components based in Spain, a country with elevated governance risk according to the reference. Although its business is global, exposure to the Spanish jurisdiction and dependence on the regulatory evolution of the electricity sector in emerging markets where it operates justify a moderate adjustment to the base risk.
Is Arteche stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 31% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 44.1 | 31.3 | +41% |
| EV / EBITDA | 24.7 | 20.4 | +21% |
| Price / book | 12.7 | 6.3 | +102% |
| Price / sales | 3.7 | 5.3 | −29% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.6 out of 10 (median for Technology: 5.3).
Average analyst target: 39.67 EUR, +12.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.7 (sector 6.4), Growth 8.1 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 44.1
- Forward P/E
- 24.6
- EV / EBITDA
- 24.7
- Price / book
- 12.7
- Price / sales
- 3.7
- PEG
- 0.70
- Market cap
- 2.0B EUR
- Enterprise value
- 2.1B EUR
Profitability
- ROE
- 45.2%
- ROA
- 9.7%
- ROIC (approx.)
- 23.9%
- Gross margin
- 53.9%
- Operating margin
- 14.9%
- Net margin
- 10.0%
- Free cash flow
- 29.0M EUR
- FCF yield
- 1.4%
- Cash conversion
- 34%
Solvency
- Total debt
- 180.3M EUR
- Net debt
- 80.0M EUR
- Cash
- 100.4M EUR
- EBITDA
- 85.3M EUR
- Net debt / EBITDA
- 0.94
- Debt / equity
- 106.91
- Current ratio
- 1.21
- Quick ratio
- 0.81
Growth
- Revenue growth
- +12.1%
- Earnings growth
- +46.8%
- EPS (TTM)
- 0.80 EUR
- EPS (forward)
- 1.44 EUR
Dividend
- Dividend yield
- 1.1%
- Payout
- 20.7%
Risk and market
- Beta
- 0.44
- Analyst consensus
- Strong buy (2)
- Target price
- 39.67 EUR
- 52-week range
- 17.10 – 46.00
Recent news
All ART.MC news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Arteche
Is Arteche stock cheap or expensive?
On P/E and EV / EBITDA, it trades 31% above the Technology median on average. Valuation score: 5.6 out of 10 (median for Technology: 5.3). Average analyst target: 39.67 EUR, +12.4% versus the price. This is not investment advice.
What score does Arteche get on MeridIAn Screener?
It scores 7.1 out of 10, rank 150 of 2,130 (better than 91% of the companies analysed). Its strongest category is Momentum (9.0) and its weakest, Dividend (4.8). Analysis of 08/10/2026.
What is Arteche's P/E ratio?
Its P/E is 44.1: the share price equals 44.1 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 24.6.
How much is Arteche worth on the stock market?
Its market capitalisation is 2.0B EUR and its enterprise value, debt included, is 2.1B EUR.
How much debt does Arteche have?
Its net debt (debt minus cash) is 80.0M EUR. That is 0.94 times its EBITDA; the Technology median is 0.20.
Does Arteche pay a dividend?
Yes: its dividend yield is 1.13% and it pays out 21% of its earnings.
How has Arteche stock performed over the last year?
It has risen 92.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 17.10 and 46.00 EUR. Past performance does not guarantee future results.
What do analysts think of Arteche?
2 analysts cover it; their average recommendation is “Strong buy” and their average target is 39.67 EUR (+12.4% versus the price). It is an estimate, not market data.