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BME:ART

Arteche Lantegi Elkartea SA

BUY 2026-08-01 Updated today EUR 29.10 Technology - Hardware, Equipment & PartsAWAIT ENTRY
66

Position levels

Currenttoday
EUR 29.10
Buy <=wait / entry
EUR 23.67
Trim >=take some off
EUR 33.00
Thesis breakThe thesis is invalidated by FY2026 revenue landing materially below the EUR555 ...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case51%62 / 10031.6
Bear case16%10 / 1001.6
Weighted conviction66 / 100 - BUY

Top risks

  • Acquisitions of SEG Electronics (100%) and Uptech Sensing (35%) completed in H1 2026
  • H1 2026 order intake +15.7% to EUR 338M with book-to-bill 1.22x and backlog EUR 417.2M
  • H1 2026 revenue +10.7% to EUR 277.9M and net profit +44.3% to EUR 30.6M with EPS EUR 0.54
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.