Financials Bulgarian Stock Exchange AD

Equities

BSE

BG1100016978

Financial & Commodity Market Operators

End-of-day quote Bulgaria S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
15.4 BGN -0.65% Intraday chart for Bulgarian Stock Exchange AD +2.67% +28.33%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 33.32 35.55 31.86 32.26 59.07 57.64
Enterprise Value (EV) 1 31.73 -35.44 -77.49 -143.6 -245.5 -196
P/E ratio 165 x 10.8 x 11.5 x 7.3 x 8.84 x 12.7 x
Yield 0.31% - 0.63% 1.63% 11.5% 11.6%
Capitalization / Revenue 14.9 x 4.03 x 3.06 x 2.6 x 3.69 x 3.33 x
EV / Revenue 14.2 x -4.02 x -7.43 x -11.6 x -15.3 x -11.3 x
EV / EBITDA 286 x -12.4 x -21.9 x -25.9 x -31.5 x -35 x
EV / FCF -1,123 x -0.54 x -2.05 x -2.18 x -1.74 x 3.99 x
FCF Yield -0.09% -186% -48.8% -45.9% -57.6% 25.1%
Price to Book 3.25 x 2.67 x 1.66 x 1.38 x 2.29 x 2.17 x
Nbr of stocks (in thousands) 6,583 6,583 6,583 6,583 6,563 6,441
Reference price 2 5.061 5.400 4.840 4.900 9.000 8.950
Announcement Date 4/24/18 4/24/19 2/29/20 2/26/21 4/29/22 4/27/23
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2.231 8.81 10.43 12.41 16.02 17.3
EBITDA 1 0.111 2.863 3.534 5.539 7.791 5.607
EBIT 1 0.014 2.746 3.11 4.993 7.183 5.008
Operating Margin 0.63% 31.17% 29.82% 40.23% 44.83% 28.96%
Earnings before Tax (EBT) 1 0.201 3.639 3.192 5.065 7.408 5.128
Net income 1 0.202 3.292 2.769 4.417 6.605 4.533
Net margin 9.05% 37.37% 26.55% 35.59% 41.22% 26.21%
EPS 2 0.0307 0.5001 0.4206 0.6710 1.018 0.7038
Free Cash Flow 1 -0.0282 65.79 37.8 65.85 141.4 -49.16
FCF margin -1.27% 746.79% 362.43% 530.56% 882.12% -284.26%
FCF Conversion (EBITDA) - 2,298.01% 1,069.55% 1,188.81% 1,814.29% -
FCF Conversion (Net income) - 1,998.55% 1,365.04% 1,490.79% 2,140.06% -
Dividend per Share 2 0.0157 - 0.0306 0.0800 1.033 1.040
Announcement Date 4/24/18 4/24/19 2/29/20 2/26/21 4/29/22 4/27/23
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1.58 71 109 176 305 254
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.03 65.8 37.8 65.8 141 -49.2
ROE (net income / shareholders' equity) 2% 27.9% 15.5% 20.8% 27.3% 17.5%
ROA (Net income/ Total Assets) 0.08% 2.93% 1.61% 1.94% 1.46% 0.77%
Assets 1 247.5 112.5 171.6 228.3 453.2 586.6
Book Value Per Share 2 1.560 2.030 2.910 3.550 3.920 4.130
Cash Flow per Share 2 0.2400 10.80 16.60 26.70 47.30 39.40
Capex 1 0.01 0.06 0.12 0.25 0.67 0.29
Capex / Sales 0.36% 0.68% 1.12% 2.04% 4.18% 1.65%
Announcement Date 4/24/18 4/24/19 2/29/20 2/26/21 4/29/22 4/27/23
1BGN in Million2BGN
Estimates
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