Artego Tg. Jiu
S.C. Artego S.A. manufactures and sells rubber products in Romania. The company offers abrasion resistant conveyor belts for general use; temperature resistant conveyor belts for conveying hot sintering materials, pellets, clinker, chemicals, fertilizers, cement, and other temperature materials; oil resistant conveyor belts with textile insertion; and oil and fire resistant conveyor belts. It pro… Read more
Artego Tg. Jiu (ARTE) - Net Assets
Latest net assets as of September 2024: RON94.58 Million RON
Based on the latest financial reports, Artego Tg. Jiu (ARTE) has net assets worth RON94.58 Million RON as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RON119.61 Million) and total liabilities (RON25.03 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RON94.58 Million |
| % of Total Assets | 79.07% |
| Annual Growth Rate | 4.73% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.3 |
Artego Tg. Jiu - Net Assets Trend (2020–2023)
This chart illustrates how Artego Tg. Jiu's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Artego Tg. Jiu (2020–2023)
The table below shows the annual net assets of Artego Tg. Jiu from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | RON99.01 Million | +5.86% |
| 2022-09-30 | RON93.53 Million | +6.85% |
| 2021-09-30 | RON87.54 Million | +1.55% |
| 2020-09-30 | RON86.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Artego Tg. Jiu's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 258225300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RON173.96 Million | 175.70% |
| Total Equity | RON99.01 Million | 100.00% |
Artego Tg. Jiu Competitors by Market Cap
The table below lists competitors of Artego Tg. Jiu ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ho Hup Construction Company
KLSE:5169
|
$2.39 Million |
|
Cann Group Ltd
AU:CAN
|
$2.39 Million |
|
Western Forest Products Inc
PINK:WFSTF
|
$2.39 Million |
|
Eminence Minerals Limited
AU:EMA
|
$2.39 Million |
|
Teligent Inc
PINK:TGNT
|
$2.39 Million |
|
One SA
WAR:FMG
|
$2.39 Million |
|
Vaxtex Cotfab Limited
NSE:VCL
|
$2.39 Million |
|
Regency Silver Corp.
OTCQB:RSMXF
|
$2.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Artego Tg. Jiu's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 93,530,664 to 99,008,253, a change of 5,477,589 (5.9%).
- Net income of 8,746,511 contributed positively to equity growth.
- Other factors decreased equity by 3,268,922.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RON8.75 Million | +8.83% |
| Other Changes | RON-3.27 Million | -3.3% |
| Total Change | RON- | 5.86% |
Book Value vs Market Value Analysis
This analysis compares Artego Tg. Jiu's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.05x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | RON9.62 | RON10.10 | x |
| 2021-09-30 | RON10.79 | RON10.10 | x |
| 2022-09-30 | RON11.53 | RON10.10 | x |
| 2023-09-30 | RON12.20 | RON10.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Artego Tg. Jiu utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.04%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.33x
- Recent ROE (8.83%) is below the historical average (12.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.22% | 7.90% | 1.07x | 1.45x | RON1.91 Million |
| 2021 | 13.77% | 6.92% | 1.27x | 1.57x | RON3.30 Million |
| 2022 | 13.17% | 6.10% | 1.48x | 1.46x | RON2.96 Million |
| 2023 | 8.83% | 5.04% | 1.32x | 1.33x | RON-1.15 Million |
Industry Comparison
This section compares Artego Tg. Jiu's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $276,662,014
- Average return on equity (ROE) among peers: -5.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Artego Tg. Jiu (ARTE) | RON94.58 Million | 12.22% | 0.26x | $2.39 Million |
| Altur Slatina (ALT) | $50.64 Million | -13.86% | 1.09x | $1.58 Million |
| Compa Sibiu (CMP) | $502.68 Million | 2.99% | 0.59x | $19.12 Million |