Bulgarian Undiscovered Gems With Strong Fundamentals

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Smart Organic AD

Market Cap: лв351.6m

Engages in the production and distribution of organic products worldwide.

Telematic Interactive Bulgaria EAD

Market Cap: лв279.2m

Offers online betting and gambling services.

Central Cooperative Bank AD

Market Cap: лв197.1m

A commercial bank, provides various financial products and services.

Speedy AD

Market Cap: лв1.1b

Provides courier services in Bulgaria and internationally.

Toplofikatsia-Ruse AD

Market Cap: лв201.3m

Produces and sells electricity and thermal energy in Bulgaria.

Holding Varna AD

Market Cap: лв302.2m

Manages a portfolio of investments in commercial companies that provide Bulgarian and foreign consumers with products and services in the field of tourism, finance, design, media, and communications.

Sopharma Trading AD

Market Cap: лв195.3m

Operates as a trading company in the pharmaceutical sector in Bulgaria and Serbia.

Galata Investment Company AD

Market Cap: лв176.9m

Engages in the development of real estate properties in Bulgaria.

Atomenergoremont

Market Cap: лв185.8m

Provides repair services for equipment in power plants.

Shelly Group

Market Cap: €655.4m

Develops, designs, and distributes IoT and smart building solutions for DIY users and professionals.