S.C. Remarul 16 Februarie S.A.

REFE

S.C. Remarul 16 Februarie S.A. engages in the construction, modernization, repair, and maintenance of railway rolling stocks.The company produces, upgrades, repairs, and maintains wagons of passengers...

Website | Railroad Equipment | Other

Automated Financial Analysis

🤵

Financial Advisor Insight

"The stock appears significantly undervalued compared to its earnings potential."

Sentiment: Neutral Action: Hold

"Company demonstrates strong financial health with positive growth and stability indicators."

Declining Revenue (-9.7% CAGR).
Undervalued based on PE (Current: 11.1 vs Fair: 15).
Significantly Undervalued (Trading 35% below Graham Number).

Technical Analysis

Trend N/A
RSI (14) 50.9
SMA 50 28.82
SMA 200 N/A

Price Valuation

Current Price 27.00
Fair Value (PE 15) 36.49
Undervalued 35%
Graham Number 36.45
Upside 35%

Forecast

Rev Forecast (Next Yr) 38M
Growth Forecast -23.4%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.38
Less Volatile than Market
Correlation
0.03
Moves with Market
Relative Strength (1Y)
-45.17%
vs Benchmark
Index Returns (1Y)
69.4%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
REFE - - 2.3% 0.0% -3.6% 0.0% 0.0% 0.0%
BET - 132.5% 69.4% 18.5% 33.0% 6.9% 2.4% 1.8%
Alpha (Diff) - - -67.1% -18.5% -36.6% -6.9% -2.4% -1.8%

Financial Reports

Price Chart

Sector: Other

Based on Market Cap
LEADER
SCD
Zentiva S.A.
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ONE
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EVER
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2,701M
CRC
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2,531M
LION
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FP
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2,339M
AQ
Aquila Part Prod Com S.A.
2,062M
INFINITY
Infinity Capital Investments S.A.
1,981M
SFG
Sphera Franchise Group S.A.
1,539M
ARS
Aerostar S.A.
1,462M
SOCP
SOCEP S.A.
1,187M
GREEN
Green Tech International S.A.
1,111M
ALR
Alro S.A.
1,071M
WINE
Purcari Wineries Public Company Limited
789M
AROBS
AROBS Transilvania Software S.A.
706M
COTE
Conpet S.A.
677M
CMVX
Comvex S.A.
662M
TTS
TTS (Transport Trade Services) S.A.
589M
IMP
Impact Developer & Contractor S.A.
567M
DN
Dn Agrar Group S.A.
463M
SMTL
Simtel Team S.A.
459M
BVB
Bursa de Valori Bucuresti SA
371M
OIL
Oil Terminal S.A.
342M
SIDG
S.C. ArcelorMittal Hunedoara S.A.
342M
IARV
IAR S.A.
319M
GSH
GRUP SERBAN HOLDING SA
312M
SCDM
S.C. Unirea Shopping Center S.A.
258M
RCHI
Societatea Comerciala Compania Hoteliera Intercontinental Romania S.A.
238M
FOSB
SC Foraj Sonde SA Craiova
237M
PPLI
Professional Imo Partners S.A.
232M

ETAPA 1 • MUST HAVE

6/8
Healthy Leverage (Debt/Equity)
0.76
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
1,055%
Target: > 0.8
ROIC (Return on Capital)
3.57%
Target: Positive
ROIC vs WACC
ROIC: 3.6% / WACC: 8,654,756.3%
Target: > WACC
ROE (Return on Equity)
10.4%
Target: > 10%
EBITDA Positive
8.85M
Target: > 0

ETAPA 2 • CRITERII

3/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 14.1%
Passed
ROA vs Industry
Target: > 3.6% • 1.7%
Miss
Current Ratio
Target: > 1.5 • 1.17
Miss
Assets Growth (5y)
Target: > 0% • 13.7% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • 46.9%
Passed
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 4.25
Miss
Revenue CAGR (5y)
Target: > 5% • -9.7%
Miss

SNAPSHOT COMPANIE

Capitalizare
0.06B RON
EBITDA
8.85M
P/E Ratio
11.10
PEG Ratio
0.00
Dividend Yield
0.00%
Beta
0.38
Valoare Intrinsecă (Graham)
36.45 RON
Discount
+35.0%

Balance Sheet

Annual Data
Metric TTM 2024 2024 2023 2022
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter H1 H2 H2 H2 H2
Cash & Equivalents 24,406,922 37,824,058 790,179 286,823 152,338
Short-Term Investments - - - - -
Totalcash 24,406,922 37,824,058 790,179 286,823 152,338
Cash Growth -50.64% 4,686.77% 175.49% 88.28% -71.76%
Accounts Receivable 11,326,904 10,637,343 3,522,038 3,598,207 4,927,359
Other Receivables 24,186,344 19,629,772 17,301,502 7,951,815 5,857,379
Receivables 35,513,248 30,267,115 20,823,540 11,550,022 10,784,738
Inventory 58,303,135 57,837,014 27,399,166 33,251,755 31,185,728
Prepaid Expenses 8,443,625 6,328,949 613,667 533,997 3,023,621
Assetsc 127,948,500 132,257,136 49,626,552 45,622,597 45,146,425
Property, Plant & Equipment 38,140,172 43,710,413 72,942,279 76,428,733 62,596,796
Long-Term Investments - 59,326,326 29,336,259 29,341,259 35,920,346
Other Intangible Assets 49,248 71,978 3,028 12,503 7,262
Other Long-Term Assets 64,513,100 1,689,458 2,638,853 3,109,952 -
Assets 230,651,020 237,055,311 154,546,971 154,515,044 143,670,829
Accounts Payable - 12,397,545 10,304,003 9,139,836 11,354,477
Accrued Expenses - 2,224,675 469,312 - -
Short-Term Debt - - - 1,324,257 1,016,040
Current Portion of Long-Term Debt - 15,847,595 21,771,350 26,745,903 21,540,604
Current Portion of Leases - 79,637 - - -
Current Income Taxes Payable - 3,875,910 - - -
Current Unearned Revenue 42,997 39,340,103 915,964 1,255,197 780,254
Other Current Liabilities - 39,440,780 30,770,487 31,991,522 20,925,389
Total Current Liabilities 42,997 113,206,245 64,231,116 70,456,715 55,616,764
Long-Term Debt - 21,659,981 27,468,629 11,320,388 13,876,095
Long-Term Leases - 24,270 - - -
Long-Term Unearned Revenue 423,653 33,816,096 254,823 297,820 -
Other Long-Term Liabilities 178,547,139 18,702,603 17,015,326 18,887,882 20,278,676
Total Liabilities 179,013,789 187,409,195 108,969,894 100,962,805 89,771,535
Common Stock 5,113,008 5,113,008 5,113,008 5,113,008 5,113,008
Retained Earnings 13,813,764 11,822,649 -19,192,316 -11,737,158 7,412,499
Comprehensive Income & Other 32,710,459 32,710,459 59,656,385 60,176,389 41,373,787
Equity 51,637,231 49,646,116 45,577,077 53,552,239 53,899,294
Total Liabilities & Equity 230,651,020 237,055,311 154,546,971 154,515,044 143,670,829
Filing Date Shares Outstanding 2,045,203 2,045,203 2,045,203 2,045,203 2,045,203
Total Common Shares Outstanding 2,045,203 2,045,203 2,045,203 2,045,203 2,045,203
Book Value Per Share 25.25 24.27 22.28 26.18 26.35
Tangible Book Value 51,587,983 49,574,138 45,574,049 53,539,736 53,892,032
Tangible Book Value Per Share 25.22 24.24 22.28 26.18 26.35
Total Debt - 37,611,483 49,239,979 39,390,548 36,432,739
Net Cash (Debt) 24,406,922 212,575 -48,449,800 -39,103,725 -36,280,401
Netcashpershare 11.93 0.10 -23.69 -19.12 -17.74
Working Capital 127,905,503 19,050,891 -14,604,564 -24,834,118 -10,470,339
Land 33,990,886 20,551,698 34,149,500 62,092,308 29,629,769
Buildings - 13,439,186 27,438,108 - 20,302,566
Machinery 27,708,460 27,681,948 27,344,906 27,569,866 26,697,299
Construction In Progress - 9,919,877 11,476,289 5,225,489 9,244,799

Cash Flow Statement

Annual Data
Metric TTM 2024 2024 2023 2022
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter H1 H2 H2 H2 H2
Net Income 8,523,597 4,974,671 -7,821,641 -19,273,806 885,014
Depreciation & Amortization 2,758,728 3,642,692 3,965,027 2,248,233 2,135,017
Other Operating Activities -19,565,815 44,217,788 -1,119,713 20,498,445 -1,040,314
Ncfo -8,283,490 52,835,151 -4,976,327 3,472,872 1,979,717
Ocf Growth - - - 75.42% -87.71%
Capex -665,018 -354,188 -594,348 -1,105,310 -1,226,923
Investment in Securities - - - - -
Ncfi -665,018 -354,188 -594,348 -1,105,310 -1,225,242
Long-Term Debt Issued - 5,650,000 11,642,234 910,591 8,980,388
Short-Term Debt Repaid - - - - -1,970,329
Long-Term Debt Repaid - -17,672,986 - - -6,317,037
Total Debt Repaid -18,785,405 -17,672,986 - - -8,287,366
Net Debt Issued (Repaid) -13,135,405 -12,022,986 11,642,234 910,591 693,022
Other Financing Activities -3,050,634 -3,423,904 -5,568,649 -3,143,668 -1,834,632
Financing Cash Flow -16,186,039 -15,446,890 6,073,585 -2,233,077 -1,141,610
Net Cash Flow -25,134,546 37,034,074 503,161 134,485 -387,135
Free Cash Flow -8,948,508 52,480,963 -5,570,675 2,367,562 752,794
Free Cash Flow Growth - - - 214.50% -93.32%
Fcf Margin -16.23% 148.52% -11.24% 5.90% 1.94%
Fcfps -4.38 25.66 -2.72 1.16 0.37
Levered Free Cash Flow -115,558,942 13,187,215 -4,886,506 1,979,672 -1,452,156
Unlevered Free Cash Flow -113,278,917 15,763,271 -2,134,238 4,468,530 -305,412
Cash Interest Paid 4,981,679 4,751,079 5,569,072 3,144,028 1,834,789
Cash Income Tax Paid - 21,130,536 13,788,100 10,109,098 16,561,211
Sale of Property, Plant & Equipment - - - - 1,681
Miscellaneous Cash Flow Adjustments 1 1 251.00 - -

Income Statement

Annual Data
Metric TTM 2024 2024 2023 2022
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter H1 H2 H2 H2 H2
Revenue 55,122,660 35,336,760 49,568,614 40,132,819 38,893,528
Revenue Growth 49.96% -28.71% 23.51% 3.19% -26.87%
Cost of Revenue 10,309,845 -1,591,107 22,939,231 20,684,283 13,037,365
Gp 44,812,815 36,927,867 26,629,383 19,448,536 25,856,163
Selling, General & Admin 22,713,328 19,839,024 17,615,284 14,026,179 14,292,930
Other Operating Expenses 10,854,194 8,242,591 8,373,118 12,228,750 6,506,347
Operating Expenses 36,326,250 31,724,307 29,953,429 28,503,162 22,934,294
Operating Income 8,486,565 5,203,560 -3,324,046 -9,054,626 2,921,869
Interest Expense -3,648,040 -4,121,690 -4,403,629 -3,982,172 -1,834,790
Interest & Investment Income 1,699,272 1,506,341 95,702 45,160 10,747
Other Non Operating Income (Expenses) 4,284,732 4,200,889 -289,668 -72,691 -72,376
EBT Excluding Unusual Items 10,822,529 6,789,100 -7,921,641 -13,064,329 1,025,450
Gain (Loss) on Sale of Investments - - - -6,579,087 -
Other Unusual Items - - - - -
Pretax Income 10,840,342 6,806,913 -7,821,641 -19,273,806 885,014
Income Tax Expense 2,316,745 1,832,242 - - -
Net Income 8,523,597 4,974,671 -7,821,641 -19,273,806 885,014
Net Income to Common 8,523,597 4,974,671 -7,821,641 -19,273,806 885,014
Net Income Growth - - - - -
Shares Basic 2,045,203 2,045,203 2,045,203 2,045,203 2,045,203
Shares Outstanding (Diluted) 2,045,203 2,045,203 2,045,203 2,045,203 2,045,203
Eps Basic 4.17 2.43 -3.82 -9.42 0.43
EPS (Diluted) 4.17 2.43 -3.82 -9.42 0.43
EPS Growth - - - - -
Free Cash Flow -8,948,508 52,480,963 -5,570,675 2,367,562 752,794
Free Cash Flow Per Share -4.38 25.66 -2.72 1.16 0.37
Dps - - - - -
Gross Margin 81.30% 104.50% 53.72% 48.46% 66.48%
Operating Margin 15.40% 14.73% -6.71% -22.56% 7.51%
Profit Margin 15.46% 14.08% -15.78% -48.03% 2.28%
Free Cash Flow Margin -16.23% 148.52% -11.24% 5.90% 1.94%
Effective Tax Rate 0.21 0.27 - - -
EBITDA 11,245,293 8,846,252 640,981 -6,806,393 5,056,886
D&A For EBITDA 2,758,728 3,642,692 3,965,027 2,248,233 2,135,017
EBITDA Margin 20.40% 25.03% 1.29% -16.96% 13.00%
EBIT 8,486,565 5,203,560 -3,324,046 -9,054,626 2,921,869
EBIT Margin 15.40% 14.73% -6.71% -22.56% 7.51%
Revenue as Reported 18,011,793 - - 42,253,620 47,637,526
Legal Settlements 17,813 17,813 100,000 369,610 -140,436

Ratios and Metrics

Annual Data
Metric TTM 2024 2024 2023 2022
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter H1 H2 H2 H2 H2
Marketcap 55,220,481 52,357,197 61,356,090 8,180,812 8,180,812
Market Cap Growth 285.71% -14.67% 650.00% - -
Enterprise Value 30,813,561 44,243,476 107,354,150 51,854,032 42,463,192
Last Close Ratios 2,700.00% 2,560.00% 3,000.00% 184.00% 184.00%
Pe 6.48 10.53 - - 9.24
PS Ratio 1.00 1.48 1.24 0.20 0.21
PB Ratio 1.07 1.06 1.35 0.15 0.15
P/TBV Ratio 1.07 1.06 1.35 0.15 0.15
P/FCF Ratio - 1.00 - 3.46 10.87
P/OCF Ratio - 0.99 - 2.36 4.13
EV/Sales Ratio 0.56 1.25 2.17 1.29 1.09
EV/EBITDA Ratio 2.74 5.00 167.48 - 8.40
EV/EBIT Ratio 3.63 8.50 - - 14.53
EV/FCF Ratio -3.44 0.84 - 21.90 56.41
Debt / Equity Ratio - 0.76 1.08 0.74 0.68
Debt / EBITDA Ratio - 4.25 76.82 - 7.20
Debt / FCF Ratio - 0.72 - 16.64 48.40
Asset Turnover 24.30% 18.00% 32.10% 26.90% 27.30%
Inventory Turnover 20.90% - 75.60% 64.20% 48.20%
Quick Ratio 1,394 0.60 0.34 0.17 0.20
Current Ratio 2,976 1.17 0.77 0.65 0.81
Roe 17.78% 10.45% -15.78% -35.87% 1.65%
Return on Assets (ROA) 2.34% 1.66% -1.34% -3.80% 1.28%
Return on Capital (ROIC) 7.73% 3.57% -2.21% -6.18% 2.02%
Return on Capital Employed (ROCE) 0.04 0.04 -0.04 -0.11 0.03
Earningsyield 15.44% 9.50% -12.75% -235.60% 10.82%
FCF Yield -16.21% 100.24% -9.08% 28.94% 9.20%
Dividend Yield - - - - -
Totalreturn - - - - -

Price History

Sep 21, 2023 — Dec 04, 2025 57 Records
Date Open High Low Close Volume
2025-12-04 27.20 27.20 27.00 27.00 400
2025-11-26 27.00 27.00 27.00 27.00 1,309
2025-11-14 28.00 28.60 28.00 28.60 99
2025-11-04 27.00 28.00 27.00 28.00 171
2025-10-24 27.40 28.00 27.40 28.00 300
2025-10-21 24.60 24.60 24.60 24.60 100
2025-10-03 28.00 28.00 28.00 28.00 76
2025-10-01 27.00 27.00 27.00 27.00 200
2025-09-23 27.00 27.00 27.00 27.00 190
2025-09-10 23.80 23.80 23.80 23.80 4
2025-08-19 33.40 33.40 33.40 33.40 4
2025-08-08 26.80 34.20 26.80 34.20 10,000
2025-06-04 26.40 26.40 26.40 26.40 10
2025-04-28 26.00 26.00 26.00 26.00 100
2025-04-22 26.40 26.40 26.40 26.40 11
2025-04-07 26.40 26.40 26.40 26.40 4
2025-02-05 25.00 25.00 25.00 25.00 2,000
2024-12-19 25.60 25.60 25.60 25.60 100
2024-10-23 27.20 27.20 27.20 27.20 75
2024-10-11 27.20 27.20 27.20 27.20 25
2024-10-04 27.40 27.40 27.40 27.40 143
2024-09-24 27.40 27.40 27.40 27.40 300
2024-09-23 27.40 27.40 27.40 27.40 200
2024-09-20 27.40 27.40 27.40 27.40 100
2024-07-24 27.00 27.00 27.00 27.00 530
2024-06-21 28.80 28.80 28.80 28.80 20
2024-06-10 28.20 28.20 28.00 28.00 10
2024-06-06 28.40 28.40 28.40 28.40 100
2024-06-05 28.40 28.40 28.40 28.40 200
2024-06-03 28.40 28.40 28.40 28.40 200
2024-05-31 28.40 28.40 28.40 28.40 297
2024-05-29 28.40 28.40 28.40 28.40 300
2024-05-27 28.40 28.40 28.40 28.40 300
2024-05-24 29.00 29.00 28.20 28.20 300
2024-04-26 30.40 30.40 28.00 28.00 10
2024-04-08 35.40 35.40 31.00 31.00 15
2024-04-05 34.00 34.00 34.00 34.00 1,000
2024-03-25 35.60 35.60 35.60 35.60 5
2024-03-22 35.00 35.00 35.00 35.00 17
2024-03-20 35.00 35.00 35.00 35.00 5
2024-03-18 35.00 35.00 35.00 35.00 10
2024-03-15 35.00 35.00 35.00 35.00 12
2024-03-14 32.40 33.00 32.40 33.00 165
2024-03-08 30.00 30.00 30.00 30.00 10
2024-02-28 29.80 30.00 29.80 30.00 306
2024-02-22 27.00 27.00 27.00 27.00 90
2024-02-13 27.00 27.00 27.00 27.00 195
2024-02-08 27.00 27.00 27.00 27.00 5
2024-01-30 29.00 29.80 29.00 29.80 64
2023-12-29 30.00 30.00 30.00 30.00 5