Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Artea Bankas AB is a major commercial bank in Lithuania offering a comprehensive range of retail and corporate banking products and services. It specializes in lending to small and medium-sized enterprises, providing everyday banking solutions, deposits, debit and credit cards, consumer loans, mortgage loans, and credits for farmers and multi-apartment house renovations. The bank finances energy-saving programs and leads in renovation financing within the country. Through its subsidiaries, it operates in asset management, leasing, and life insurance, managing pension funds and investment funds for retail investors. Artea Bankas also acts as a broker on the Nasdaq Baltic market and issues bonds. It serves clients through numerous service units across Lithuania, supported by online banking and mobile applications. Deposits up to 100,000 EUR are protected by the Lithuanian deposit guarantee scheme. Founded in 1992 and headquartered in Šiauliai, Lithuania, Artea Bankas plays a key role in the Baltic financial sector, focusing on private individuals, businesses, and investment needs.
The business is unprofitable at the operating level (-13.77% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 41.4% YoY. Margins deteriorated 17.3pp alongside, both lines moving the wrong way.
Free cash flow declined 255% versus the prior year, cash generation momentum has weakened. ROIC dropped from 1.14% to -3.22%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€60M
▼ -41.4% YoY
Net Income (TTM)
-€17M
▼ -190.8% YoY
Op. Margin
-13.77%
▼ -17.3pp YoY
ROIC
-3.22%
▼ -4.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€21M
▼ -255.1% YoY
Op. Cash Flow (TTM)
-€20M
▼ -229.0% YoY
Net Debt
€128M
Cash & Equiv.
€5M
3Y CAGR: -9.4%
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