Financials Fund Estates REIT

Equities

FUES

BG1100036042

Diversified REITs

End-of-day quote Bulgaria S.E. 06:00:00 2024-04-04 pm EDT 5-day change 1st Jan Change
0.044 BGN +46.67% Intraday chart for Fund Estates REIT 0.00% +25.71%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 0.8188 0.7018 0.5381 1.029 0.6083 0.8188
Enterprise Value (EV) 1 36.73 34.34 32.29 30.43 27.7 26.78
P/E ratio 0.57 x -2.5 x -1.16 x -8.87 x -8.95 x 2.31 x
Yield - - - - - -
Capitalization / Revenue 0.28 x 13.8 x - 1.91 x 0.45 x 0.76 x
EV / Revenue 12.4 x 673 x - 56.5 x 20.5 x 24.8 x
EV / EBITDA - - - - - -
EV / FCF -51.3 x -16.5 x 20.5 x -67.7 x -46.2 x -7.1 x
FCF Yield -1.95% -6.07% 4.88% -1.48% -2.17% -14.1%
Price to Book 0.29 x 0.28 x 0.26 x 0.54 x 0.33 x 0.37 x
Nbr of stocks (in thousands) 23,395 23,395 23,395 23,395 23,395 23,395
Reference price 2 0.0350 0.0300 0.0230 0.0440 0.0260 0.0350
Announcement Date 3/29/19 3/1/21 3/1/21 3/24/22 3/20/23 3/11/24
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2.952 0.051 - 0.539 1.348 1.081
EBITDA - - - - - -
EBIT 1 2.346 0.163 -0.158 -0.143 -0.146 0.267
Operating Margin 79.47% 319.61% - -26.53% -10.83% 24.7%
Earnings before Tax (EBT) 1 1.11 -0.281 -0.463 -0.116 -0.068 0.355
Net income 1 1.11 -0.281 -0.463 -0.116 -0.068 0.355
Net margin 37.6% -550.98% - -21.52% -5.04% 32.84%
EPS 2 0.0611 -0.0120 -0.0198 -0.004958 -0.002906 0.0152
Free Cash Flow 1 -0.7156 -2.085 1.576 -0.4491 -0.6001 -3.771
FCF margin -24.24% -4,088.24% - -83.33% -44.52% -348.87%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/19 3/1/21 3/1/21 3/24/22 3/20/23 3/11/24
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 35.9 33.6 31.7 29.4 27.1 26
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -0.72 -2.09 1.58 -0.45 -0.6 -3.77
ROE (net income / shareholders' equity) 49.8% -10.6% -20.4% -5.85% -3.6% 17.5%
ROA (Net income/ Total Assets) 2.94% 0.22% -0.24% -0.23% -0.25% 0.49%
Assets 1 37.81 -126.7 195.2 50.79 27.33 72.35
Book Value Per Share 2 0.1200 0.1100 0.0900 0.0800 0.0800 0.0900
Cash Flow per Share 2 0.0100 0 0 0 0 0
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/29/19 3/1/21 3/1/21 3/24/22 3/20/23 3/11/24
1BGN in Million2BGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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