Bulgarian Undiscovered Gems With Strong Fundamentals

Sopharma AD

Market Cap: €1.0b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: €877.5m

Develops, manufactures, and sells medicines in Bulgaria.

Central Cooperative Bank AD

Market Cap: €165.3m

A commercial bank, provides various financial products and services.

Smart Organic AD

Market Cap: €208.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

First Investment Bank AD

Market Cap: €563.5m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Speedy AD

Market Cap: €521.6m

Provides courier services in Bulgaria and internationally.

Gradus AD

Market Cap: €129.3m

Produces and sells poultry products in Bulgaria, Europe, and internationally.

Sopharma Trading AD

Market Cap: €102.8m

Engages in the wholesale and retail trade of medicinal products for the pharmaceutical sector in Bulgaria and Serbia.

Bulgarian Stock Exchange AD

Market Cap: €102.7m

Operates as a stock exchange in Bulgaria.

Sopharma Properties REIT

Market Cap: €107.6m

n/a

Stara Planina Hold

Market Cap: €103.9m

Manufactures and sells hydraulic systems in Bulgaria and internationally.

Chimimport AD

Market Cap: €108.7m

Acquires, manages, and sells shares in Bulgarian and foreign companies.

Shelly Group

Market Cap: €1.1b

Engages in the internet of things business in Bulgaria, European Union, and internationally.