View Financial HealthAlcomet AD 配当と自社株買い配当金 基準チェック /06Alcomet AD現在配当金を支払っていません。主要情報0%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向0%最近の配当と自社株買いの更新Upcoming Dividend • Jun 21Upcoming dividend of лв0.79 per shareEligible shareholders must have bought the stock before 28 June 2023. Payment date: 01 August 2023. The company last paid an ordinary dividend in October 2012. The average dividend yield among industry peers is 8.6%.すべての更新を表示Recent updatesNew Risk • Feb 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€55.7m market cap, or US$66.0m).Reported Earnings • Feb 01Full year 2025 earnings released: лв0.44 loss per share (vs лв0.30 loss in FY 2024)Full year 2025 results: лв0.44 loss per share (further deteriorated from лв0.30 loss in FY 2024). Revenue: лв552.5m (up 7.9% from FY 2024). Net loss: лв7.89m (loss widened 45% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.お知らせ • Jan 18+ 8 more updatesAlcomet AD to Report Fiscal Year 2025 Results on Mar 31, 2026Alcomet AD announced that they will report fiscal year 2025 results on Mar 31, 2026Reported Earnings • Nov 04Third quarter 2025 earnings released: лв0.024 loss per share (vs лв0.051 loss in 3Q 2024)Third quarter 2025 results: лв0.024 loss per share (improved from лв0.051 loss in 3Q 2024). Revenue: лв136.9m (up 1.1% from 3Q 2024). Net loss: лв427.0k (loss narrowed 53% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 31Second quarter 2025 earnings released: лв0.18 loss per share (vs лв0.095 loss in 2Q 2024)Second quarter 2025 results: лв0.18 loss per share (further deteriorated from лв0.095 loss in 2Q 2024). Revenue: лв133.1m (up 3.2% from 2Q 2024). Net loss: лв3.09m (loss widened 81% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.New Risk • Jun 02New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.4% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (лв115.8m market cap, or US$67.1m).Reported Earnings • Jun 02First quarter 2025 earnings released: EPS: лв0.01 (vs лв0.092 loss in 1Q 2024)First quarter 2025 results: EPS: лв0.01 (up from лв0.092 loss in 1Q 2024). Revenue: лв165.0m (up 24% from 1Q 2024). Net income: лв118.0k (up лв1.77m from 1Q 2024). Profit margin: 0.1% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • May 16Alcomet AD, Annual General Meeting, Jun 16, 2025Alcomet AD, Annual General Meeting, Jun 16, 2025, at 14:00 FLE Standard Time. Location: in the town of shumen, second industrial zone, BulgariaBuy Or Sell Opportunity • Mar 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.7% to лв6.30. The fair value is estimated to be лв8.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 04Third quarter 2024 earnings released: лв0.052 loss per share (vs лв0.26 loss in 3Q 2023)Third quarter 2024 results: лв0.052 loss per share (improved from лв0.26 loss in 3Q 2023). Revenue: лв135.5m (up 48% from 3Q 2023). Net loss: лв916.0k (loss narrowed 80% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 03Second quarter 2024 earnings released: лв0.098 loss per share (vs лв0.076 profit in 2Q 2023)Second quarter 2024 results: лв0.098 loss per share (down from лв0.076 profit in 2Q 2023). Revenue: лв129.0m (up 15% from 2Q 2023). Net loss: лв1.70m (down 224% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Aug 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to лв6.35. The fair value is estimated to be лв8.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.New Risk • May 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (лв123.9m market cap, or US$68.1m).Buy Or Sell Opportunity • Mar 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to лв6.50. The fair value is estimated to be лв8.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 100%.Buy Or Sell Opportunity • Feb 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to лв6.70. The fair value is estimated to be лв8.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Jan 31Full year 2023 earnings released: лв0.30 loss per share (vs лв3.14 profit in FY 2022)Full year 2023 results: лв0.30 loss per share (down from лв3.14 profit in FY 2022). Revenue: лв431.2m (down 38% from FY 2022). Net loss: лв5.44m (down 110% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Dec 01New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (лв125.7m market cap, or US$69.9m).New Risk • Nov 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.6% average weekly change). Market cap is less than US$100m (лв132.9m market cap, or US$74.1m).Reported Earnings • Nov 04Third quarter 2023 earnings released: лв0.24 loss per share (vs лв0.96 profit in 3Q 2022)Third quarter 2023 results: лв0.24 loss per share (down from лв0.96 profit in 3Q 2022). Revenue: лв91.7m (down 38% from 3Q 2022). Net loss: лв4.63m (down 127% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 100% 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 • Jul 31Second quarter 2023 earnings released: EPS: лв0.079 (vs лв0.62 in 2Q 2022)Second quarter 2023 results: EPS: лв0.079 (down from лв0.62 in 2Q 2022). Revenue: лв112.4m (down 45% from 2Q 2022). Net income: лв1.37m (down 88% from 2Q 2022). Profit margin: 1.2% (down from 5.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Jun 22New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (лв160.7m market cap, or US$89.7m).Upcoming Dividend • Jun 21Upcoming dividend of лв0.79 per shareEligible shareholders must have bought the stock before 28 June 2023. Payment date: 01 August 2023. The company last paid an ordinary dividend in October 2012. The average dividend yield among industry peers is 8.6%.Reported Earnings • May 03First quarter 2023 earnings released: EPS: лв0.13 (vs лв0.32 in 1Q 2022)First quarter 2023 results: EPS: лв0.13 (down from лв0.32 in 1Q 2022). Revenue: лв137.3m (down 38% from 1Q 2022). Net income: лв2.34m (down 59% from 1Q 2022). Profit margin: 1.7% (down from 2.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 08Full year 2022 earnings released: EPS: лв3.20 (vs лв0.008 loss in FY 2021)Full year 2022 results: EPS: лв3.20 (up from лв0.008 loss in FY 2021). Revenue: лв689.9m (up 34% from FY 2021). Net income: лв57.4m (up лв57.5m from FY 2021). Profit margin: 8.3% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: лв0.97 (vs лв0.016 loss in 3Q 2021)Third quarter 2022 results: EPS: лв0.97 (up from лв0.016 loss in 3Q 2021). Revenue: лв148.3m (up 7.1% from 3Q 2021). Net income: лв17.2m (up лв17.5m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 21% share price gain to лв8.10, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 1.3% over the past three years.分析記事 • Oct 06Is Alcomet AD (BUL:ALCM) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to лв8.30, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 22% over the past three years.Valuation Update With 7 Day Price Move • Jul 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to лв7.10, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 38% over the past three years.分析記事 • May 07Investors Shouldn't Be Too Comfortable With Alcomet AD's (BUL:ALCM) Robust EarningsDespite posting some strong earnings, the market for Alcomet AD's ( BUL:ALCM ) stock hasn't moved much. Our analysis...Reported Earnings • May 02First quarter 2022 earnings released: EPS: лв0.32 (vs лв0.01 in 1Q 2021)First quarter 2022 results: EPS: лв0.32 (up from лв0.01 in 1Q 2021). Revenue: лв220.5m (up 105% from 1Q 2021). Net income: лв5.67m (up лв5.50m from 1Q 2021). Profit margin: 2.6% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.分析記事 • Feb 08Is Alcomet AD (BUL:ALCM) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Feb 01Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: лв0.02 loss per share (up from лв0.15 loss in FY 2020). Revenue: лв515.0m (up 50% from FY 2020). Net loss: лв445.0k (loss narrowed 84% from FY 2020). Revenue missed analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.分析記事 • May 19We Think Alcomet AD (BUL:ALCM) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • May 09First quarter 2021 earnings released: EPS лв0.01 (vs лв0.043 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: лв107.6m (up 14% from 1Q 2020). Net income: лв171.0k (up лв943.0k from 1Q 2020). Profit margin: 0.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 03New 90-day low: лв6.30The company is down 1.0% from its price of лв6.35 on 02 December 2020. The Bulgarian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period.分析記事 • Feb 02Is Alcomet AD (BUL:6AM) Using Debt In A Risky Way?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Feb 01Full year 2020 earnings released: лв0.20 loss per share (vs лв0.48 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: лв345.5m (flat on FY 2019). Net loss: лв3.56m (down 142% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.分析記事 • Dec 06What Do The Returns At Alcomet AD (BUL:6AM) Mean Going Forward?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 • Nov 24New 90-day high: лв6.70The company is up 29% from its price of лв5.20 on 25 August 2020. The Bulgarian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period.Is New 90 Day High Low • Oct 14New 90-day high: лв6.25The company is up 20% from its price of лв5.20 on 15 July 2020. The Bulgarian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period.決済の安定と成長配当データの取得安定した配当: ALCMの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: ALCMの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Alcomet AD 配当利回り対市場ALCM 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (ALCM)0%市場下位25% (BG)1.2%市場トップ25% (BG)5.0%業界平均 (Metals and Mining)2.4%アナリスト予想 (ALCM) (最長3年)n/a注目すべき配当: ALCMは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: ALCMは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: ALCM BG市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: ALCMが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YBG 市場の強力な配当支払い企業。View Management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2026/05/22 07:58終値2026/05/19 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Alcomet 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
Upcoming Dividend • Jun 21Upcoming dividend of лв0.79 per shareEligible shareholders must have bought the stock before 28 June 2023. Payment date: 01 August 2023. The company last paid an ordinary dividend in October 2012. The average dividend yield among industry peers is 8.6%.
New Risk • Feb 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€55.7m market cap, or US$66.0m).
Reported Earnings • Feb 01Full year 2025 earnings released: лв0.44 loss per share (vs лв0.30 loss in FY 2024)Full year 2025 results: лв0.44 loss per share (further deteriorated from лв0.30 loss in FY 2024). Revenue: лв552.5m (up 7.9% from FY 2024). Net loss: лв7.89m (loss widened 45% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 18+ 8 more updatesAlcomet AD to Report Fiscal Year 2025 Results on Mar 31, 2026Alcomet AD announced that they will report fiscal year 2025 results on Mar 31, 2026
Reported Earnings • Nov 04Third quarter 2025 earnings released: лв0.024 loss per share (vs лв0.051 loss in 3Q 2024)Third quarter 2025 results: лв0.024 loss per share (improved from лв0.051 loss in 3Q 2024). Revenue: лв136.9m (up 1.1% from 3Q 2024). Net loss: лв427.0k (loss narrowed 53% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 31Second quarter 2025 earnings released: лв0.18 loss per share (vs лв0.095 loss in 2Q 2024)Second quarter 2025 results: лв0.18 loss per share (further deteriorated from лв0.095 loss in 2Q 2024). Revenue: лв133.1m (up 3.2% from 2Q 2024). Net loss: лв3.09m (loss widened 81% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
New Risk • Jun 02New major risk - Revenue and earnings growthEarnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.4% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (лв115.8m market cap, or US$67.1m).
Reported Earnings • Jun 02First quarter 2025 earnings released: EPS: лв0.01 (vs лв0.092 loss in 1Q 2024)First quarter 2025 results: EPS: лв0.01 (up from лв0.092 loss in 1Q 2024). Revenue: лв165.0m (up 24% from 1Q 2024). Net income: лв118.0k (up лв1.77m from 1Q 2024). Profit margin: 0.1% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • May 16Alcomet AD, Annual General Meeting, Jun 16, 2025Alcomet AD, Annual General Meeting, Jun 16, 2025, at 14:00 FLE Standard Time. Location: in the town of shumen, second industrial zone, Bulgaria
Buy Or Sell Opportunity • Mar 04Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.7% to лв6.30. The fair value is estimated to be лв8.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 04Third quarter 2024 earnings released: лв0.052 loss per share (vs лв0.26 loss in 3Q 2023)Third quarter 2024 results: лв0.052 loss per share (improved from лв0.26 loss in 3Q 2023). Revenue: лв135.5m (up 48% from 3Q 2023). Net loss: лв916.0k (loss narrowed 80% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 03Second quarter 2024 earnings released: лв0.098 loss per share (vs лв0.076 profit in 2Q 2023)Second quarter 2024 results: лв0.098 loss per share (down from лв0.076 profit in 2Q 2023). Revenue: лв129.0m (up 15% from 2Q 2023). Net loss: лв1.70m (down 224% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Aug 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to лв6.35. The fair value is estimated to be лв8.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
New Risk • May 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (лв123.9m market cap, or US$68.1m).
Buy Or Sell Opportunity • Mar 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.1% to лв6.50. The fair value is estimated to be лв8.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 100%.
Buy Or Sell Opportunity • Feb 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to лв6.70. The fair value is estimated to be лв8.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Jan 31Full year 2023 earnings released: лв0.30 loss per share (vs лв3.14 profit in FY 2022)Full year 2023 results: лв0.30 loss per share (down from лв3.14 profit in FY 2022). Revenue: лв431.2m (down 38% from FY 2022). Net loss: лв5.44m (down 110% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Dec 01New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (лв125.7m market cap, or US$69.9m).
New Risk • Nov 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.6% average weekly change). Market cap is less than US$100m (лв132.9m market cap, or US$74.1m).
Reported Earnings • Nov 04Third quarter 2023 earnings released: лв0.24 loss per share (vs лв0.96 profit in 3Q 2022)Third quarter 2023 results: лв0.24 loss per share (down from лв0.96 profit in 3Q 2022). Revenue: лв91.7m (down 38% from 3Q 2022). Net loss: лв4.63m (down 127% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 100% 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 • Jul 31Second quarter 2023 earnings released: EPS: лв0.079 (vs лв0.62 in 2Q 2022)Second quarter 2023 results: EPS: лв0.079 (down from лв0.62 in 2Q 2022). Revenue: лв112.4m (down 45% from 2Q 2022). Net income: лв1.37m (down 88% from 2Q 2022). Profit margin: 1.2% (down from 5.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 22New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (лв160.7m market cap, or US$89.7m).
Upcoming Dividend • Jun 21Upcoming dividend of лв0.79 per shareEligible shareholders must have bought the stock before 28 June 2023. Payment date: 01 August 2023. The company last paid an ordinary dividend in October 2012. The average dividend yield among industry peers is 8.6%.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: лв0.13 (vs лв0.32 in 1Q 2022)First quarter 2023 results: EPS: лв0.13 (down from лв0.32 in 1Q 2022). Revenue: лв137.3m (down 38% from 1Q 2022). Net income: лв2.34m (down 59% from 1Q 2022). Profit margin: 1.7% (down from 2.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 08Full year 2022 earnings released: EPS: лв3.20 (vs лв0.008 loss in FY 2021)Full year 2022 results: EPS: лв3.20 (up from лв0.008 loss in FY 2021). Revenue: лв689.9m (up 34% from FY 2021). Net income: лв57.4m (up лв57.5m from FY 2021). Profit margin: 8.3% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: лв0.97 (vs лв0.016 loss in 3Q 2021)Third quarter 2022 results: EPS: лв0.97 (up from лв0.016 loss in 3Q 2021). Revenue: лв148.3m (up 7.1% from 3Q 2021). Net income: лв17.2m (up лв17.5m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 21% share price gain to лв8.10, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 1.3% over the past three years.
分析記事 • Oct 06Is Alcomet AD (BUL:ALCM) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 18% share price gain to лв8.30, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 22% over the past three years.
Valuation Update With 7 Day Price Move • Jul 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to лв7.10, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 38% over the past three years.
分析記事 • May 07Investors Shouldn't Be Too Comfortable With Alcomet AD's (BUL:ALCM) Robust EarningsDespite posting some strong earnings, the market for Alcomet AD's ( BUL:ALCM ) stock hasn't moved much. Our analysis...
Reported Earnings • May 02First quarter 2022 earnings released: EPS: лв0.32 (vs лв0.01 in 1Q 2021)First quarter 2022 results: EPS: лв0.32 (up from лв0.01 in 1Q 2021). Revenue: лв220.5m (up 105% from 1Q 2021). Net income: лв5.67m (up лв5.50m from 1Q 2021). Profit margin: 2.6% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 08Is Alcomet AD (BUL:ALCM) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Feb 01Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: лв0.02 loss per share (up from лв0.15 loss in FY 2020). Revenue: лв515.0m (up 50% from FY 2020). Net loss: лв445.0k (loss narrowed 84% from FY 2020). Revenue missed analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
分析記事 • May 19We Think Alcomet AD (BUL:ALCM) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 09First quarter 2021 earnings released: EPS лв0.01 (vs лв0.043 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: лв107.6m (up 14% from 1Q 2020). Net income: лв171.0k (up лв943.0k from 1Q 2020). Profit margin: 0.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 03New 90-day low: лв6.30The company is down 1.0% from its price of лв6.35 on 02 December 2020. The Bulgarian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period.
分析記事 • Feb 02Is Alcomet AD (BUL:6AM) Using Debt In A Risky Way?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Feb 01Full year 2020 earnings released: лв0.20 loss per share (vs лв0.48 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: лв345.5m (flat on FY 2019). Net loss: лв3.56m (down 142% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
分析記事 • Dec 06What Do The Returns At Alcomet AD (BUL:6AM) Mean Going Forward?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 • Nov 24New 90-day high: лв6.70The company is up 29% from its price of лв5.20 on 25 August 2020. The Bulgarian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Oct 14New 90-day high: лв6.25The company is up 20% from its price of лв5.20 on 15 July 2020. The Bulgarian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period.