Bulgarian Undiscovered Gems With Strong Fundamentals

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

First Investment Bank AD

Market Cap: лв754.4m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв276.6m

Offers online betting and gambling services.

Central Cooperative Bank AD

Market Cap: лв211.0m

A commercial bank, provides various financial products and services.

Sopharma AD

Market Cap: лв1.4b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Speedy AD

Market Cap: лв1.0b

Provides courier services in Bulgaria and internationally.

Gradus AD

Market Cap: лв254.0m

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

Toplofikatsia-Ruse AD

Market Cap: лв226.8m

Produces and sells electricity and thermal energy in Bulgaria.

Sopharma Trading AD

Market Cap: лв191.4m

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

Sopharma Properties REIT

Market Cap: лв196.5m

n/a

Shelly Group

Market Cap: €962.4m

Engages in development, production, and sale of internet of things devices under the Shelly brand in Bulgaria, European Union, and internationally.