Hydraulic Elements and Systems AD（HES）株式概要油圧エレメント・システム ADは、油圧シリンダーとアキシャル・ピストン製品を製造・販売している。 詳細HES ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性5/6配当金3/6報酬株価収益率（ 18.6 x） BG市場（ 21.1 x）を下回っています。リスク分析過去5年間で収益は年間16.7%減少しました。 意味のある時価総額がありません ( €47M )4.17%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るHES Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€2.6432.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0101m2016201920222025202620282031Revenue лв101.4mEarnings лв6.1mAdvancedSet Fair ValueView all narrativesHydraulic Elements and Systems AD 競合他社Green Innovation ADSymbol: BUL:HYDRMarket cap: €41.2mStara Planina HoldSymbol: BUL:SPHMarket cap: €113.2mM+S Hydraulic ADSymbol: BUL:MSHMarket cap: €199.1mIndustrial Holding Bulgaria ADSymbol: BUL:IHBMarket cap: €77.9m価格と性能株価の高値、安値、推移の概要Hydraulic Elements and Systems AD過去の株価現在の株価€2.6452週高値€3.0052週安値€2.45ベータ-0.111ヶ月の変化-2.94%3ヶ月変化-3.65%1年変化1.23%3年間の変化-20.51%5年間の変化-10.22%IPOからの変化54.41%最新ニュースDeclared Dividend • May 31Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 10th June 2026 Payment date: 20th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.6% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years.New Risk • Apr 11New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€50.6m market cap, or US$59.3m).Reported Earnings • Oct 27Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: лв20.3m (up 18% from 3Q 2024). Net income: лв1.18m (up 73% from 3Q 2024). Profit margin: 5.8% (up from 4.0% in 3Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв22.0m (up 20% from 2Q 2024). Net income: лв1.26m (up 97% from 2Q 2024). Profit margin: 5.7% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue.Board Change • Jul 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Declared Dividend • Jun 01Dividend of лв0.21 announcedDividend of лв0.21 is the same as last year. Ex-date: 11th June 2025 Payment date: 22nd July 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (185% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 3.5% over the last 5 years so the company would need to reverse this trend.最新情報をもっと見るRecent updatesDeclared Dividend • May 31Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 10th June 2026 Payment date: 20th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.6% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years.New Risk • Apr 11New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€50.6m market cap, or US$59.3m).Reported Earnings • Oct 27Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: лв20.3m (up 18% from 3Q 2024). Net income: лв1.18m (up 73% from 3Q 2024). Profit margin: 5.8% (up from 4.0% in 3Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв22.0m (up 20% from 2Q 2024). Net income: лв1.26m (up 97% from 2Q 2024). Profit margin: 5.7% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue.Board Change • Jul 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Declared Dividend • Jun 01Dividend of лв0.21 announcedDividend of лв0.21 is the same as last year. Ex-date: 11th June 2025 Payment date: 22nd July 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (185% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 3.5% over the last 5 years so the company would need to reverse this trend.お知らせ • Mar 31Hydraulic Elements and Systems AD, Annual General Meeting, May 29, 2025Hydraulic Elements and Systems AD, Annual General Meeting, May 29, 2025, at 13:30 FLE Standard Time. Location: in the town of yambol at 1 pirin st., BulgariaReported Earnings • Oct 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: лв17.3m (down 4.9% from 3Q 2023). Net income: лв683.0k (up 317% from 3Q 2023). Profit margin: 4.0% (up from 0.9% in 3Q 2023). The increase in margin was driven by lower expenses.Reported Earnings • Jul 29Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: лв18.4m (down 23% from 2Q 2023). Net income: лв641.0k (down 58% from 2Q 2023). Profit margin: 3.5% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 28First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: лв20.9m (down 21% from 1Q 2023). Net income: лв1.72m (down 9.1% from 1Q 2023). Profit margin: 8.2% (up from 7.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Feb 01Full year 2023 earnings released: EPS: лв0.23 (vs лв0.53 in FY 2022)Full year 2023 results: EPS: лв0.23 (down from лв0.53 in FY 2022). Revenue: лв86.1m (down 9.7% from FY 2022). Net income: лв4.16m (down 57% from FY 2022). Profit margin: 4.8% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.New Risk • Jul 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share). Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (лв115.5m market cap, or US$65.2m).Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: лв24.2m (down 4.1% from 2Q 2022). Net income: лв1.53m (down 58% from 2Q 2022). Profit margin: 6.3% (down from 14% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year.Upcoming Dividend • Jun 05Upcoming dividend of лв0.33 per share at 4.8% yieldEligible shareholders must have bought the stock before 12 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Bulgarian dividend payers (6.2%). Higher than average of industry peers (2.6%).Board Change • Apr 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Jan 28Full year 2022 earnings releasedFull year 2022 results: EPS: лв0.53. Revenue: лв97.6m (up 38% from FY 2021). Net income: лв9.59m (up 28% from FY 2021). Profit margin: 9.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Jan 04No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 27Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: лв25.9m (up 49% from 3Q 2021). Net income: лв2.16m (up 58% from 3Q 2021). Profit margin: 8.3% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Jul 25Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: лв26.1m (up 52% from 2Q 2021). Net income: лв3.64m (up 18% from 2Q 2021). Profit margin: 14% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses.お知らせ • Jul 22Hydraulic Elements and Systems AD Provides Sales Guidance for Month and Year to Date of July 2022Hydraulic Elements and Systems AD provided sales guidance for month and year to date of July 2022. For the month, the company expects sales of BGN 9,200,000. For the year to date, the company expects sales of BGN 58,027,000.分析記事 • May 24Hydraulic Elements and Systems AD's (BUL:HES) Shareholders Will Receive A Bigger Dividend Than Last YearHydraulic Elements and Systems AD ( BUL:HES ) will increase its dividend on the 7th of July to лв0.31. This will take...Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 23First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: лв24.1m (up 47% from 1Q 2021). Net income: лв2.73m (up 48% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021).お知らせ • Feb 24Hydraulic Elements & Systems Plc Provides Sales Guidance for the Month and Year to Date Ended February 2022Hydraulic Elements & Systems Plc provided sales guidance for the month and year to date ended February 2022. The company expects sales for the month of February 2022 will reach BGN 7.600 million. The company expects sales for the year to date ended February 2022 will reach BGN 15.088 million.Reported Earnings • Jan 30Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: лв0.41 (up from лв0.33 in FY 2020). Revenue: лв72.7m (up 43% from FY 2020). Net income: лв7.52m (up 24% from FY 2020). Profit margin: 10% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 03Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: лв19.0m (up 93% from 3Q 2020). Net income: лв1.36m (up 30% from 3Q 2020). Profit margin: 7.2% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.Reported Earnings • Jul 26Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: лв18.8m (up 70% from 2Q 2020). Net income: лв3.08m (up 364% from 2Q 2020). Profit margin: 16% (up from 6.0% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Jul 24Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: лв18.8m (up 70% from 2Q 2020). Net income: лв3.08m (up 364% from 2Q 2020). Profit margin: 16% (up from 6.0% in 2Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 19Upcoming dividend of лв0.26 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 07 July 2021. Trailing yield: 4.6%. Lower than top quartile of Bulgarian dividend payers (5.5%). Higher than average of industry peers (1.8%).分析記事 • May 12Hydraulic Elements and Systems AD (BUL:HES) Is Doing The Right Things To Multiply Its Share PriceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Apr 26First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: лв16.5m (up 1.5% from 1Q 2020). Net income: лв1.84m (up 5.2% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020).分析記事 • Mar 17Has Hydraulic Elements and Systems AD's (BUL:HES) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Hydraulic Elements and Systems AD (BUL:HES) has had a great run on the share market with its stock up by a significant...分析記事 • Feb 18Hydraulic Elements and Systems AD (BUL:4HE) Is Growing Earnings But Are They A Good Guide?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Is New 90 Day High Low • Jan 26New 90-day high: лв4.56The company is up 21% from its price of лв3.78 on 28 October 2020. The Bulgarian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period.分析記事 • Jan 22Our Take On The Returns On Capital At Hydraulic Elements and Systems AD (BUL:4HE)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Is New 90 Day High Low • Jan 06New 90-day high: лв3.92The company is up 8.0% from its price of лв3.62 on 08 October 2020. The Bulgarian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 11% over the same period.分析記事 • Dec 01Hydraulic Elements and Systems AD's (BUL:4HE) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?Most readers would already know that Hydraulic Elements and Systems AD's (BUL:4HE) stock increased by 1.1% over the...Is New 90 Day High Low • Oct 20New 90-day high: лв3.84The company is up 4.0% from its price of лв3.70 on 16 July 2020. The Bulgarian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 1.0% over the same period.株主還元HESBG MachineryBG 市場7D0.8%0.7%0.7%1Y1.2%4.0%14.9%株主還元を見る業界別リターン: HES過去 1 年間で4 % の収益を上げたBG Machinery業界を下回りました。リターン対市場: HESは、過去 1 年間で14.9 % のリターンを上げたBG市場を下回りました。価格変動Is HES's price volatile compared to industry and market?HES volatilityHES Average Weekly Movementn/aMachinery Industry Average Movement5.4%Market Average Movement4.8%10% most volatile stocks in BG Market7.6%10% least volatile stocks in BG Market3.2%安定した株価: データは利用できません。時間の経過による変動: 過去 1 年間のHESのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト1968491n/awww.hes.bg油圧エレメント・アンド・システムズAD社は、油圧シリンダーとアキシャル・ピストン製品を製造・販売している。同社は、農業機械、プレス、コンベヤーなどのためのピストン油圧シリンダー、プレス、オートバイおよび電気トラック、リフティングプラットフォームのためのプランジャー油圧シリンダー、セルフアンローディングトレーラーまたはティッパー、オートバイおよび電気トラック、リフティングプラットフォーム、ならびにゴミ収集車、トレーラー、コンテナトラック用のテレスコピックシリンダー、ラックシリンダーを提供し、アキシャルピストンエンジンおよびポンプも提供している。オーストリア、フランス、ロシア、米国、スロベニア、ブルガリア、オランダ、ドイツ、フィンランド、アイルランド、スウェーデン、エストニア、イタリア、チェコ共和国、および国際的に事業を展開している。同社は1968年に設立され、ブルガリアのヤンボルに本社を置いている。油圧エレメント・システムAD社は、スタラプラニナ・ホールドAD社の子会社である。もっと見るHydraulic Elements and Systems AD 基礎のまとめHydraulic Elements and Systems AD の収益と売上を時価総額と比較するとどうか。HES 基礎統計学時価総額€47.30m収益（TTM）€2.59m売上高(TTM)€42.98m18.6xPER（株価収益率1.1xP/SレシオHES は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計HES 損益計算書（TTM）収益лв82.00m売上原価лв45.18m売上総利益лв36.81mその他の費用лв31.87m収益лв4.94m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.27グロス・マージン44.90%純利益率6.02%有利子負債／自己資本比率7.6%HES の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.2%現在の配当利回り81%配当性向HES 配当は確実ですか？HES 配当履歴とベンチマークを見るHES 、いつまでに購入すれば配当金を受け取れますか？Hydraulic Elements and Systems AD 配当日配当落ち日Jun 10 2026配当支払日Jul 20 2026配当落ちまでの日数13 days配当支払日までの日数27 daysHES 配当は確実ですか？HES 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 16:32終値2026/06/19 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Hydraulic Elements and Systems AD 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Declared Dividend • May 31Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 10th June 2026 Payment date: 20th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.6% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years.
New Risk • Apr 11New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€50.6m market cap, or US$59.3m).
Reported Earnings • Oct 27Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: лв20.3m (up 18% from 3Q 2024). Net income: лв1.18m (up 73% from 3Q 2024). Profit margin: 5.8% (up from 4.0% in 3Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв22.0m (up 20% from 2Q 2024). Net income: лв1.26m (up 97% from 2Q 2024). Profit margin: 5.7% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue.
Board Change • Jul 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Declared Dividend • Jun 01Dividend of лв0.21 announcedDividend of лв0.21 is the same as last year. Ex-date: 11th June 2025 Payment date: 22nd July 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (185% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 3.5% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • May 31Dividend of €0.12 announcedShareholders will receive a dividend of €0.12. Ex-date: 10th June 2026 Payment date: 20th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (351% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.6% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.0% EPS decline seen over the last 5 years.
New Risk • Apr 11New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€50.6m market cap, or US$59.3m).
Reported Earnings • Oct 27Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: лв20.3m (up 18% from 3Q 2024). Net income: лв1.18m (up 73% from 3Q 2024). Profit margin: 5.8% (up from 4.0% in 3Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв22.0m (up 20% from 2Q 2024). Net income: лв1.26m (up 97% from 2Q 2024). Profit margin: 5.7% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue.
Board Change • Jul 07No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Declared Dividend • Jun 01Dividend of лв0.21 announcedDividend of лв0.21 is the same as last year. Ex-date: 11th June 2025 Payment date: 22nd July 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (185% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 3.5% over the last 5 years so the company would need to reverse this trend.
お知らせ • Mar 31Hydraulic Elements and Systems AD, Annual General Meeting, May 29, 2025Hydraulic Elements and Systems AD, Annual General Meeting, May 29, 2025, at 13:30 FLE Standard Time. Location: in the town of yambol at 1 pirin st., Bulgaria
Reported Earnings • Oct 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: лв17.3m (down 4.9% from 3Q 2023). Net income: лв683.0k (up 317% from 3Q 2023). Profit margin: 4.0% (up from 0.9% in 3Q 2023). The increase in margin was driven by lower expenses.
Reported Earnings • Jul 29Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: лв18.4m (down 23% from 2Q 2023). Net income: лв641.0k (down 58% from 2Q 2023). Profit margin: 3.5% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 28First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: лв20.9m (down 21% from 1Q 2023). Net income: лв1.72m (down 9.1% from 1Q 2023). Profit margin: 8.2% (up from 7.2% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 01Full year 2023 earnings released: EPS: лв0.23 (vs лв0.53 in FY 2022)Full year 2023 results: EPS: лв0.23 (down from лв0.53 in FY 2022). Revenue: лв86.1m (down 9.7% from FY 2022). Net income: лв4.16m (down 57% from FY 2022). Profit margin: 4.8% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
New Risk • Jul 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share). Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (лв115.5m market cap, or US$65.2m).
Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: лв24.2m (down 4.1% from 2Q 2022). Net income: лв1.53m (down 58% from 2Q 2022). Profit margin: 6.3% (down from 14% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year.
Upcoming Dividend • Jun 05Upcoming dividend of лв0.33 per share at 4.8% yieldEligible shareholders must have bought the stock before 12 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Bulgarian dividend payers (6.2%). Higher than average of industry peers (2.6%).
Board Change • Apr 19No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Jan 28Full year 2022 earnings releasedFull year 2022 results: EPS: лв0.53. Revenue: лв97.6m (up 38% from FY 2021). Net income: лв9.59m (up 28% from FY 2021). Profit margin: 9.8% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Jan 04No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 27Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: лв25.9m (up 49% from 3Q 2021). Net income: лв2.16m (up 58% from 3Q 2021). Profit margin: 8.3% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Jul 25Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: лв26.1m (up 52% from 2Q 2021). Net income: лв3.64m (up 18% from 2Q 2021). Profit margin: 14% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses.
お知らせ • Jul 22Hydraulic Elements and Systems AD Provides Sales Guidance for Month and Year to Date of July 2022Hydraulic Elements and Systems AD provided sales guidance for month and year to date of July 2022. For the month, the company expects sales of BGN 9,200,000. For the year to date, the company expects sales of BGN 58,027,000.
分析記事 • May 24Hydraulic Elements and Systems AD's (BUL:HES) Shareholders Will Receive A Bigger Dividend Than Last YearHydraulic Elements and Systems AD ( BUL:HES ) will increase its dividend on the 7th of July to лв0.31. This will take...
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 23First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: лв24.1m (up 47% from 1Q 2021). Net income: лв2.73m (up 48% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021).
お知らせ • Feb 24Hydraulic Elements & Systems Plc Provides Sales Guidance for the Month and Year to Date Ended February 2022Hydraulic Elements & Systems Plc provided sales guidance for the month and year to date ended February 2022. The company expects sales for the month of February 2022 will reach BGN 7.600 million. The company expects sales for the year to date ended February 2022 will reach BGN 15.088 million.
Reported Earnings • Jan 30Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: лв0.41 (up from лв0.33 in FY 2020). Revenue: лв72.7m (up 43% from FY 2020). Net income: лв7.52m (up 24% from FY 2020). Profit margin: 10% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 03Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: лв19.0m (up 93% from 3Q 2020). Net income: лв1.36m (up 30% from 3Q 2020). Profit margin: 7.2% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year.
Reported Earnings • Jul 26Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: лв18.8m (up 70% from 2Q 2020). Net income: лв3.08m (up 364% from 2Q 2020). Profit margin: 16% (up from 6.0% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Jul 24Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: лв18.8m (up 70% from 2Q 2020). Net income: лв3.08m (up 364% from 2Q 2020). Profit margin: 16% (up from 6.0% in 2Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 19Upcoming dividend of лв0.26 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 07 July 2021. Trailing yield: 4.6%. Lower than top quartile of Bulgarian dividend payers (5.5%). Higher than average of industry peers (1.8%).
分析記事 • May 12Hydraulic Elements and Systems AD (BUL:HES) Is Doing The Right Things To Multiply Its Share PriceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Apr 26First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: лв16.5m (up 1.5% from 1Q 2020). Net income: лв1.84m (up 5.2% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020).
分析記事 • Mar 17Has Hydraulic Elements and Systems AD's (BUL:HES) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Hydraulic Elements and Systems AD (BUL:HES) has had a great run on the share market with its stock up by a significant...
分析記事 • Feb 18Hydraulic Elements and Systems AD (BUL:4HE) Is Growing Earnings But Are They A Good Guide?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Is New 90 Day High Low • Jan 26New 90-day high: лв4.56The company is up 21% from its price of лв3.78 on 28 October 2020. The Bulgarian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period.
分析記事 • Jan 22Our Take On The Returns On Capital At Hydraulic Elements and Systems AD (BUL:4HE)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Is New 90 Day High Low • Jan 06New 90-day high: лв3.92The company is up 8.0% from its price of лв3.62 on 08 October 2020. The Bulgarian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 11% over the same period.
分析記事 • Dec 01Hydraulic Elements and Systems AD's (BUL:4HE) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?Most readers would already know that Hydraulic Elements and Systems AD's (BUL:4HE) stock increased by 1.1% over the...
Is New 90 Day High Low • Oct 20New 90-day high: лв3.84The company is up 4.0% from its price of лв3.70 on 16 July 2020. The Bulgarian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 1.0% over the same period.
