Bulgarian Undiscovered Gems With Strong Fundamentals

First Investment Bank AD

Market Cap: лв867.7m

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

Central Cooperative Bank AD

Market Cap: лв237.7m

A commercial bank, provides various financial products and services.

Smart Organic AD

Market Cap: лв367.4m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Sopharma AD

Market Cap: лв1.5b

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

Speedy AD

Market Cap: лв989.5m

Provides courier services in Bulgaria and internationally.

Gradus AD

Market Cap: лв230.9m

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

Sopharma Trading AD

Market Cap: лв194.5m

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

Sopharma Properties REIT

Market Cap: лв205.2m

n/a

Stara Planina Hold

Market Cap: лв204.6m

Manufactures and sells hydraulic systems in Bulgaria and internationally.

Shelly Group

Market Cap: €1.0b

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