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Bulgarian (SOFIX) Financials Sector Analysis

UpdatedMay 16, 2024
DataAggregated Company Financials
Companies49
  • 7D3.6%
  • 3M19.7%
  • 1Y23.5%
  • YTD15.8%

In the last week, the Financials industry is up 3.6%, with First Investment Bank AD up 22%. During this same period, the Bulgarian-American Credit Bank AD underperformed, falling 7.2%. This means that the industry has gained 24% over the past year.

Sector Valuation and Performance

Has the Bulgarian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 May 2024лв3.2bлв5.3bлв621.4m8.1x5.2x0.6x
Sat, 13 Apr 2024лв2.8bлв5.3bлв617.8m7.6x4.5x0.5x
Mon, 11 Mar 2024лв2.8bлв5.4bлв617.4m7.8x4.5x0.5x
Wed, 07 Feb 2024лв2.7bлв5.4bлв636.2m8.2x4.2x0.5x
Fri, 05 Jan 2024лв2.9bлв5.4bлв644.0m7x4.4x0.5x
Sun, 03 Dec 2023лв2.8bлв5.0bлв586.4m7.7x4.7x0.5x
Tue, 31 Oct 2023лв2.8bлв5.9bлв645.4m10.8x4.4x0.5x
Thu, 28 Sep 2023лв2.7bлв5.9bлв645.9m9.8x4.2x0.5x
Sat, 26 Aug 2023лв2.7bлв3.3bлв334.4m10.9x8.1x0.8x
Mon, 24 Jul 2023лв2.6bлв6.2bлв571.4m11.7x4.6x0.4x
Wed, 21 Jun 2023лв2.6bлв6.2bлв566.1m10.5x4.7x0.4x
Fri, 19 May 2023лв2.5bлв7.6bлв328.0m10.9x7.7x0.3x
Sun, 16 Apr 2023лв2.4bлв7.5bлв314.2m10.9x7.8x0.3x
Tue, 14 Mar 2023лв2.6bлв7.0bлв311.7m12.2x8.2x0.4x
Thu, 09 Feb 2023лв2.6bлв8.0bлв452.8m11.5x5.8x0.3x
Sat, 07 Jan 2023лв2.5bлв8.0bлв466.8m8.3x5.4x0.3x
Mon, 05 Dec 2022лв2.5bлв8.0bлв465.8m7x5.3x0.3x
Wed, 02 Nov 2022лв2.5bлв7.2bлв408.6m7.7x6x0.3x
Fri, 30 Sep 2022лв2.5bлв7.2bлв408.6m7.6x6.1x0.3x
Sun, 28 Aug 2022лв2.6bлв6.1bлв371.0m8x6.9x0.4x
Tue, 26 Jul 2022лв2.5bлв6.1bлв370.1m8.2x6.7x0.4x
Thu, 23 Jun 2022лв2.6bлв6.1bлв370.7m8.2x6.9x0.4x
Sat, 21 May 2022лв2.6bлв4.8bлв327.1m9.6x8x0.5x
Mon, 18 Apr 2022лв2.7bлв4.8bлв315.4m9.7x8.5x0.6x
Wed, 16 Mar 2022лв2.4bлв4.8bлв311.2m8.5x7.9x0.5x
Fri, 11 Feb 2022лв2.6bлв3.2bлв157.8m9.5x16.2x0.8x
Sun, 09 Jan 2022лв2.5bлв3.2bлв141.6m12.2x18x0.8x
Tue, 07 Dec 2021лв2.4bлв3.1bлв132.5m13x18.4x0.8x
Thu, 04 Nov 2021лв2.4bлв2.7bлв93.4m15.7x25.6x0.9x
Sat, 02 Oct 2021лв2.4bлв2.7bлв83.1m16.2x28.6x0.9x
Mon, 30 Aug 2021лв2.4bлв2.7bлв83.7m14.5x28.5x0.9x
Tue, 06 Jul 2021лв2.2bлв2.7bлв83.7m14.2x26.8x0.8x
Price to Earnings Ratio

30.1x


Total Market Cap: лв2.2bTotal Earnings: лв72.6mTotal Revenue: лв2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Financials Sector Price to Earnings3Y Average 10.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Bulgarian Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 5.2x which is lower than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 105% per year over the last three years.
  • Revenues for these companies have grown 29% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Bulgarian Financials sector?

BG Market1.59%
Financials3.62%
Banks8.29%
Consumer Finance4.57%
Insurance2.93%
Mortgage REITs2.70%
Diversified Financial0.83%
Mortgage Finance0%
Capital Markets-0.31%
Industry PE
  • Investors are most optimistic about the Mortgage REITs industry even though it's trading below its 3-year average PE ratio of 3kx.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FIB First Investment Bank ADлв4.3418.6%
+лв101.4m		112.7%PB0.4x
BACB Bulgarian-American Credit Bank ADлв12.804.1%
+лв12.3m		n/aPB0.9x
CCB Central Cooperative Bank ADлв1.693.7%
+лв7.6m		19.0%PB0.3x
EUBG Eurohold Bulgaria ADлв1.390.7%
+лв2.6m		-15.8%PE1.7x
ITF ITF Group ADлв5.308.6%
+лв1.5m		n/aPE7.4x
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Latest News

OPBI

лв1.69

Opportunity Bulgaria Investment AD

7D

-0.6%

1Y

n/a

FIB

лв4.34

First Investment Bank AD

7D

18.6%

1Y

112.7%

BACB

лв12.80

Bulgarian-American Credit Bank AD

7D

4.1%

1Y

n/a

11C

лв15.60

Eleven Capital AD

7D

2.6%

1Y

-21.2%

BSE

лв14.60

Bulgarian Stock Exchange AD

7D

1.4%

1Y

68.2%

DLC

лв38.00

Delta Credit SPV

7D

2.7%

1Y

3.3%

ITF

лв5.30

ITF Group AD

7D

8.6%

1Y

n/a

Sentiment Still Eluding ITF Group AD (BUL:ITF)

Apr 19
Sentiment Still Eluding ITF Group AD (BUL:ITF)

EUBG

лв1.39

Eurohold Bulgaria AD

7D

0.7%

1Y

-15.8%

CCB

лв1.69

Central Cooperative Bank AD

7D

3.7%

1Y

19.0%

SNRG

лв1.30

Synergon Holding AD

7D

-2.3%

1Y

30.0%