Santierul Naval Constanta S.A.

SNC

Santierul Naval Constanta S.A. provides ship building and repairing services to ship owners and managers in Romania and internationally.The company builds ships for bulk carriers; chemical products ta...

Website | Ship And Boat Building And Repairing | Other

Automated Financial Analysis

🤵

Financial Advisor Insight

"Current valuation levels are elevated, suggesting the price may be ahead of fundamentals. Technicals confirm a positive long-term trend, supported by moving averages."

Sentiment: Neutral Action: Hold

"Financial analysis reveals potential risks regarding growth or leverage that warrant caution."

Declining Revenue (-12.5% CAGR).
Overvalued based on PE (Current: 25.5 vs Fair: 15).
Bullish Trend (SMA50 > SMA200).
Stochastic indicates overbought conditions.

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (5 months ago)
RSI (14) 45.2
SMA 50 2.98
SMA 200 2.93

Price Valuation

Current Price 2.98
Fair Value (PE 15) 1.76
Overvalued 41%
Graham Number 2.33
Downside 22%

Forecast

Rev Forecast (Next Yr) 227M
Growth Forecast -28.4%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.34
Less Volatile than Market
Correlation
0.05
Moves with Market
Relative Strength (1Y)
-55.15%
vs Benchmark
Index Returns (1Y)
71.3%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
SNC - - 12.0% 0.0% -0.7% 0.0% 0.0% 0.0%
BET - 135.9% 71.3% 19.7% 32.1% 9.9% 4.3% 2.7%
Alpha (Diff) - - -59.3% -19.7% -32.7% -9.9% -4.3% -2.7%

Financial Reports

Price Chart

Sector: Other

Based on Market Cap
LEADER
SCD
Zentiva S.A.
3,151M
ONE
One United Properties SA
2,964M
EVER
Evergent Investments SA
2,701M
CRC
Chimcomplex S.A.
2,531M
LION
Lion Capital S.A.
2,412M
FP
Fondul Proprietatea SA
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

5/8
Healthy Leverage (Debt/Equity)
1.28
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
367%
Target: > 0.8
ROIC (Return on Capital)
2.69%
Target: Positive
ROIC vs WACC
ROIC: 2.7% / WACC: 733,151.7%
Target: > WACC
ROE (Return on Equity)
5.8%
Target: > 10%
EBITDA Positive
15.88M
Target: > 0

ETAPA 2 • CRITERII

2/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 5.2%
Passed
ROA vs Industry
Target: > 3.6% • 2.1%
Miss
Current Ratio
Target: > 1.5 • 1.19
Miss
Assets Growth (5y)
Target: > 0% • 0.6% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • 0.0%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 10.79
Miss
Revenue CAGR (5y)
Target: > 5% • -12.5%
Miss

SNAPSHOT COMPANIE

Capitalizare
0.19B RON
EBITDA
15.88M
P/E Ratio
25.46
PEG Ratio
0.00
Dividend Yield
0.00%
Beta
0.34
Valoare Intrinsecă (Graham)
2.33 RON
Discount
-21.7%

Balance Sheet

Annual Data
Metric TTM 2023 2023 2021 2020
Fiscal Year 2,024 2,023 2,022 2,021 2,020
Fiscal Quarter H1 H2 H2 H2 H2
Cash & Equivalents 11,327,846 26,636,939 31,227,169 42,351,950 27,975,772
Totalcash 11,327,846 26,636,939 31,227,169 42,351,950 27,975,772
Cash Growth -62.74% -14.70% -26.27% 51.39% 24.94%
Accounts Receivable 15,097,352 6,640,074 19,741,258 8,411,031 14,501,937
Other Receivables - 6,156,774 3,843,131 2,683,641 4,825,848
Receivables 15,097,352 12,796,848 23,584,389 11,094,672 19,327,785
Inventory 263,385,832 186,942,592 103,419,806 172,249,614 123,206,761
Prepaid Expenses 532,910 621,327 429,081 - -
Other Current Assets - 2,267,406 2,055,118 5,006,000 4,256,563
Assetsc 290,343,940 229,265,112 160,715,563 230,702,236 174,766,881
Property, Plant & Equipment 103,561,042 101,634,346 91,018,984 95,734,791 98,622,205
Long-Term Investments - 100,000 100,000 - -
Other Intangible Assets 113,205 2,311 3,697 - 141,325
Other Long-Term Assets 114,004 3,135 32,143 602,460 388,977
Assets 394,132,191 331,018,908 251,883,785 327,039,487 273,919,388
Accounts Payable - 15,237,954 14,645,094 14,759,956 18,369,940
Accrued Expenses - - - - -
Short-Term Debt - 169,097,566 24,092,455 85,060,739 55,105,152
Current Portion of Leases - - - - -
Current Income Taxes Payable - - - - -
Current Unearned Revenue - 90,995 54,702,006 98,961,264 70,991,970
Other Current Liabilities 255,391,355 7,672,534 20,741,234 9,373,870 7,275,614
Total Current Liabilities 255,391,355 192,099,049 114,180,789 208,155,829 151,742,676
Long-Term Debt 10,706,934 2,247,900 - - -
Long-Term Leases - - - - -
Long-Term Unearned Revenue - - - - -
Other Long-Term Liabilities 2,288,811 1,265,646 9,904,299 10,007,046 4,545,180
Total Liabilities 268,387,100 196,635,760 125,108,253 219,186,040 157,311,021
Common Stock 162,494,260 162,494,260 162,494,260 162,494,260 162,494,260
Retained Earnings -84,748,596 -70,235,190 -77,312,626 -97,525,301 -90,148,865
Comprehensive Income & Other 47,999,427 42,124,078 41,593,898 42,884,488 44,262,972
Equity 125,745,091 134,383,148 126,775,532 107,853,447 116,608,367
Total Liabilities & Equity 394,132,191 331,018,908 251,883,785 327,039,487 273,919,388
Filing Date Shares Outstanding 64,997,745 64,997,745 64,997,745 64,997,745 64,997,704
Total Common Shares Outstanding 64,997,745 64,997,745 64,997,745 64,997,704 64,997,704
Book Value Per Share 1.93 2.07 1.95 1.66 1.79
Tangible Book Value 125,631,886 134,380,837 126,771,835 107,853,447 116,467,042
Tangible Book Value Per Share 1.93 2.07 1.95 1.66 1.79
Total Debt 10,706,934 171,345,466 24,092,455 85,060,739 55,105,152
Net Cash (Debt) 620,912 -144,708,527 7,134,714 -42,708,789 -27,129,380
Net Cash Growth -97.60% - - - -
Netcashpershare 0.01 -2.23 0.11 -0.66 -0.42
Working Capital 34,952,585 37,166,063 46,534,774 22,546,407 23,024,205
Land - 32,480,505 32,480,505 32,480,505 32,480,505
Buildings - 48,544,514 48,396,548 48,268,269 48,268,269
Machinery - 99,311,437 89,984,164 85,516,346 85,240,621
Construction In Progress - 2,093,552 299,948 4,401,737 1,953,901
Pension & Post-Retirement Benefits - 1,023,165 1,023,165 1,023,165 1,023,165

Cash Flow Statement

Annual Data
Metric TTM 2023 2023 2021 2020
Fiscal Year 2,024 2,023 2,022 2,021 2,020
Fiscal Quarter H1 H2 H2 H2 H2
Net Income - 7,607,617 18,905,976 -8,754,920 2,383,923
Depreciation & Amortization - 6,062,122 5,636,234 6,171,345 6,839,124
Loss (Gain) From Sale of Assets - 185,418 64,289 - -635
Provision & Write-off of Bad Debts - 1,480,053 813,140 - -
Change in Accounts Receivable - 8,905,581 -10,323,872 7,310,226 447,390
Change in Inventory - -94,919,575 93,460,515 -83,519,371 53,487,422
Change in Accounts Payable - 104,024,634 -46,560,808 22,404,287 -40,173,080
Change in Other Net Operating Assets - - - - -
Other Operating Activities - 11,433,338 -24,375,585 35,550,863 -7,427,641
Ncfo - 44,779,188 37,619,889 -20,837,570 15,556,503
Ocf Growth - 19.03% - - -
Capex - -16,832,510 -988,676 -3,182,888 -983,448
Other Investing Activities - 564,166 26,817 36 100
Ncfi - -16,268,344 -961,859 -3,182,852 -983,348
Short-Term Debt Issued - - 740,019 38,369,913 -
Long-Term Debt Issued - - - 26,687 -
Total Debt Issued - - 740,019 38,396,600 -
Short-Term Debt Repaid - -33,101,075 -48,522,830 - -8,431,826
Long-Term Debt Repaid - - - - -557,483
Total Debt Repaid - -33,101,075 -48,522,830 - -8,989,309
Net Debt Issued (Repaid) - -33,101,075 -47,782,811 38,396,600 -8,989,309
Financing Cash Flow - -33,101,075 -47,782,811 38,396,600 -8,989,309
Net Cash Flow - -4,590,230 -11,124,781 14,376,178 5,583,847
Free Cash Flow - 27,946,678 36,631,213 -24,020,458 14,573,055
Free Cash Flow Growth - -23.71% - - -
Fcf Margin - 19.13% 11.55% -11.58% 6.42%
Fcfps - 0.43 0.56 -0.37 0.22
Levered Free Cash Flow - -146,023,036 43,821,135 -19,432,052 3,315,369
Unlevered Free Cash Flow - -144,862,760 44,635,967 -14,582,829 8,331,707
Cash Interest Paid - 1,856,441 1,021,791 479,197 1,076,057
Cash Income Tax Paid - 1,836,191 - - -
Change Working Capital - 18,010,640 36,575,835 -53,804,858 13,761,732
Sale of Property, Plant & Equipment - - - - -
Miscellaneous Cash Flow Adjustments - 1 - - 1

Income Statement

Annual Data
Metric TTM 2023 2023 2021 2020
Fiscal Year 2,024 2,023 2,022 2,021 2,020
Fiscal Quarter H1 H2 H2 H2 H2
Revenue 114,023,833 146,096,536 317,289,195 207,386,116 227,121,711
Revenue Growth -34.00% -53.96% 52.99% -8.69% -8.89%
Cost of Revenue -17,362,612 1,856,922 195,608,262 69,367,382 101,807,631
Gp 131,386,445 144,239,614 121,680,933 138,018,734 125,314,080
Selling, General & Admin 79,808,631 72,987,253 67,270,320 59,468,236 66,637,317
Other Operating Expenses 56,719,944 55,375,427 26,161,143 76,330,632 64,750,935
Operating Expenses 143,571,801 134,424,802 99,067,697 141,970,214 129,035,832
Operating Income -12,185,356 9,814,812 22,613,236 -3,951,480 -3,721,752
Interest Expense -1,196,040 -1,856,441 -1,303,730 -7,758,757 -8,026,141
Interest & Investment Income 601,670 564,166 26,817 3,489,387 14,131,816
Other Non Operating Income (Expenses) -226,546 292,470 -2,430,347 - -
EBT Excluding Unusual Items -13,006,272 8,815,007 18,905,976 -8,220,850 2,383,923
Asset Writedown - - - - -
Pretax Income -13,006,272 8,815,007 18,905,976 -8,220,850 2,383,923
Income Tax Expense 1,207,390 1,207,390 - 534,070 -
Net Income -14,213,662 7,607,617 18,905,976 -8,754,920 2,383,923
Net Income to Common -14,213,662 7,607,617 18,905,976 -8,754,920 2,383,923
Net Income Growth - -59.76% - - -
Shares Basic 64,997,745 64,997,745 64,997,745 64,997,704 64,997,704
Shares Outstanding (Diluted) 64,997,745 64,997,745 64,997,745 64,997,704 64,997,704
Shares Yo Y - - 0 - -
Eps Basic -0.22 0.12 0.29 -0.13 0.04
EPS (Diluted) -0.22 0.12 0.29 -0.13 0.04
EPS Growth - -59.76% - - -
Free Cash Flow - 27,946,678 36,631,213 -24,020,458 14,573,055
Free Cash Flow Per Share - 0.43 0.56 -0.37 0.22
Gross Margin 115.23% 98.73% 38.35% 66.55% 55.18%
Operating Margin -10.69% 6.72% 7.13% -1.91% -1.64%
Profit Margin -12.47% 5.21% 5.96% -4.22% 1.05%
Free Cash Flow Margin - 19.13% 11.55% -11.58% 6.42%
Effective Tax Rate - 0.14 - - -
EBITDA -5,910,290 15,876,934 28,249,470 2,219,865 3,117,372
D&A For EBITDA 6,275,066 6,062,122 5,636,234 6,171,345 6,839,124
EBITDA Margin -5.18% 10.87% 8.90% 1.07% 1.37%
EBIT -12,185,356 9,814,812 22,613,236 -3,951,480 -3,721,752
EBIT Margin -10.69% 6.72% 7.13% -1.91% -1.64%
Revenue as Reported 236,218,503 249,950,735 180,699,603 - -
Advertising Expenses - 320,295 235,773 164,866 132,497

Ratios and Metrics

Annual Data
Metric TTM 2023 2023 2021 2020
Fiscal Year 2,024 2,023 2,022 2,021 2,020
Fiscal Quarter H1 H2 H2 H2 H2
Marketcap 197,593,020 136,495,178 28,689,987 28,689,987 28,689,987
Market Cap Growth -30.91% 375.76% - - -
Enterprise Value 423,263,550 110,666,528 -8,129,754 18,940,166 14,453,476
Last Close Ratios 304.00% 210.00% 44.14% 44.14% 44.14%
Pe - 17.94 1.52 - 12.04
PS Ratio 1.73 0.93 0.09 0.14 0.13
PB Ratio 1.57 1.02 0.23 0.27 0.25
P/TBV Ratio 1.57 1.02 0.23 0.27 0.25
P/FCF Ratio - 4.88 0.78 - 1.97
P/OCF Ratio - 3.05 0.76 - 1.84
EV/Sales Ratio 3.71 0.76 - 0.09 0.06
EV/EBITDA Ratio - 6.97 - 8.53 4.64
EV/EBIT Ratio - 11.28 - - -
EV/FCF Ratio - 3.96 - - 0.99
Debt / Equity Ratio 0.09 1.28 0.19 0.79 0.47
Debt / EBITDA Ratio - 10.79 0.85 38.32 17.68
Debt / FCF Ratio - 6.13 0.66 - 3.78
Asset Turnover 33.20% 50.10% 109.60% 69.00% 76.10%
Inventory Turnover - 1.30% 141.90% 47.00% 68.30%
Quick Ratio 0.10 0.21 0.48 0.26 0.31
Current Ratio 1.14 1.19 1.41 1.11 1.15
Roe -10.70% 5.83% 16.12% -7.80% 2.10%
Return on Assets (ROA) -2.22% 2.11% 4.88% -0.82% -0.78%
Return on Capital (ROIC) -5.42% 2.69% 8.22% -1.36% -1.34%
Return on Capital Employed (ROCE) -0.09 0.07 0.16 -0.03 -0.03
Earningsyield -7.19% 5.57% 65.90% -30.52% 8.31%
FCF Yield - 20.47% 127.68% -83.72% 50.80%
Buyback Yield / Dilution - - 0.00% - -

Price History

Oct 27, 2023 — Jan 12, 2026 335 Records
Date Open High Low Close Volume
2026-01-12 2.74 2.98 2.74 2.98 550
2026-01-09 2.96 2.98 2.96 2.96 111
2026-01-05 2.94 2.94 2.94 2.94 350
2025-12-29 2.72 2.98 2.70 2.98 1,050
2025-12-23 3.00 3.00 2.90 2.90 70
2025-12-19 2.98 2.98 2.72 2.72 395
2025-12-18 2.98 2.98 2.98 2.98 694
2025-12-17 2.72 2.98 2.72 2.98 1,010
2025-12-16 3.00 3.00 3.00 3.00 25
2025-12-15 3.00 3.00 3.00 3.00 150
2025-12-12 3.00 3.00 3.00 3.00 216
2025-12-05 3.04 3.04 2.72 3.04 465
2025-12-04 3.04 3.04 3.04 3.04 70
2025-12-03 2.74 2.96 2.74 2.96 1,200
2025-11-27 3.06 3.06 3.06 3.06 32
2025-11-26 3.06 3.06 3.06 3.06 33
2025-11-25 2.74 3.04 2.74 3.04 157
2025-11-19 2.86 3.08 2.86 3.08 315
2025-11-13 3.08 3.08 3.08 3.08 1
2025-11-10 3.08 3.08 3.08 3.08 94
2025-11-07 3.08 3.08 3.08 3.08 135
2025-11-06 2.86 2.86 2.86 2.86 990
2025-11-05 2.86 3.08 2.86 3.08 200
2025-11-03 3.10 3.10 3.10 3.10 79
2025-10-29 3.10 3.10 3.10 3.10 60
2025-10-28 3.00 3.16 3.00 3.16 454
2025-10-27 3.00 3.00 3.00 3.00 179
2025-10-24 3.00 3.00 3.00 3.00 5
2025-10-23 3.16 3.16 3.16 3.16 10
2025-10-22 3.00 3.00 3.00 3.00 1,654
2025-10-15 3.00 3.00 3.00 3.00 200
2025-10-13 2.92 3.14 2.92 2.92 629
2025-10-10 3.12 3.12 3.12 3.12 780
2025-10-07 3.12 3.12 3.12 3.12 200
2025-10-06 3.10 3.10 2.92 2.92 686
2025-10-02 3.00 3.10 2.84 2.84 1,127
2025-10-01 3.00 3.00 3.00 3.00 448
2025-09-30 3.00 3.00 3.00 3.00 3,677
2025-09-29 2.98 2.98 2.90 2.90 226
2025-09-26 2.98 2.98 2.98 2.98 150
2025-09-25 2.98 2.98 2.74 2.74 1,190
2025-09-24 2.88 2.98 2.84 2.98 4,591
2025-09-22 2.86 2.86 2.86 2.86 159
2025-09-15 2.84 2.84 2.84 2.84 294
2025-09-12 2.82 2.82 2.82 2.82 1,030
2025-09-11 2.82 2.82 2.82 2.82 36
2025-09-09 2.96 2.96 2.96 2.96 200
2025-09-08 3.00 3.00 3.00 3.00 123
2025-09-05 3.06 3.06 3.06 3.06 47
2025-09-02 2.76 2.76 2.76 2.76 8