View Financial HealthTelelink Business Services Group AD 配当と自社株買い配当金 基準チェック /06Telelink Business Services Group 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0.03%バイバック利回り総株主利回り0.03%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お知らせ • Feb 18Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 200,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 15 per share. The program is valid until the end of the year. As of February 17, 2025, the company has 12,500,000 shares.お知らせ • Jun 21Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 25,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 20 per share. The purpose of the program is to support the group's investment activities and provide shares as part of an incentive program for management and employees of the company and its subsidiaries. The program is valid until the end of the year. As of June 20, 2024, the company has 12,500,000 shares.Upcoming Dividend • Sep 27Upcoming dividend of лв0.81 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 11 October 2022. Trailing yield: 6.3%. Lower than top quartile of Bulgarian dividend payers (6.6%). Higher than average of industry peers (2.4%).お知らせ • Aug 20Telelink Business Services Group AD Proposes Distribution of A Semi-Annual DividendTelelink Business Services Group AD proposes Distribution of a semi-annual dividend to the total amount of BGN 10,125,000 (formed of BGN 2,429,535.15 from the 2021 profit and BGN 7,695,464.85 from the first half profit of 2022) in terms of BGN 0.81 gross dividend per share.お知らせ • Jun 19Telelink Business Services Group AD Approves Dividend for the Year 2021On 17 June 2022, the Managing Board of Telelink Business Services Group AD approved the annual financial statements and annual report of TelelinkBusiness Services AD for 2021 and resolved upon the distribution of a dividend from the subsidiairy's profit for 2021 in the amount of BGN 10,365,899.00.Upcoming Dividend • Sep 20Upcoming dividend of лв0.82 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 07 October 2021. Trailing yield: 5.1%. Lower than top quartile of Bulgarian dividend payers (5.2%). Higher than average of industry peers (1.4%).すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.55, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 18x in the IT industry in Europe. Total returns to shareholders of 36% over the past three years.New Risk • Jun 09New 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 7.1% 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: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€60.8m market cap, or US$70.0m).分析記事 • Jun 08Impressive Earnings May Not Tell The Whole Story For Telelink Business Services Group AD (BUL:TBS)Telelink Business Services Group AD's ( BUL:TBS ) robust earnings report didn't manage to move the market for its...Reported Earnings • Jun 06First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €25.1m (up 56% from 1Q 2025). Net income: €2.27m (up €3.94m from 1Q 2025). Profit margin: 9.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment deteriorates as stock falls 42%After last week's 42% share price decline to €6.00, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 20x in the IT industry in Europe. Total loss to shareholders of 48% over the past three years.分析記事 • Jan 06Positive Sentiment Still Eludes Telelink Business Services Group AD (BUL:TBS) Following 49% Share Price SlumpThe Telelink Business Services Group AD ( BUL:TBS ) share price has fared very poorly over the last month, falling by a...New Risk • Dec 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.5% per year over the past 5 years. High level of non-cash earnings (43% accrual ratio). Minor Risk Market cap is less than US$100m (лв126.7m market cap, or US$75.5m).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to лв10.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the IT industry in Europe. Total loss to shareholders of 10% over the past three years.分析記事 • Sep 09We Think Telelink Business Services Group AD's (BUL:TBS) Solid Earnings Are UnderstatedThe market seemed underwhelmed by last week's earnings announcement from Telelink Business Services Group AD ( BUL:TBS...Reported Earnings • Sep 04Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв60.5m (up 92% from 2Q 2024). Net income: лв5.40m (up лв5.75m from 2Q 2024). Profit margin: 8.9% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.New Risk • Jun 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 6.0% 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: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (лв113.8m market cap, or US$67.2m).お知らせ • May 20Telelink Business Services Group AD (BUL:TBS) reached an agreement on the substantial contractual terms and conditions to acquire 70% stake in Actual I.T., d.d. from DBA Group S.p.A. (BIT:DBA) and DBA d.o.o. for €15.8 million.Telelink Business Services Group AD (BUL:TBS) reached an agreement on the substantial contractual terms and conditions to acquire 70% stake in Actual I.T., d.d. from DBA Group S.p.A. (BIT:DBA) and DBA d.o.o. for €15.8 million on May 19, 2025. Telelink Business Services Group AD will acquire 33.56% or 0.68 million shares from DBA Group S.p.A. and 36.44% or 0.74 million shares from DBA d.o.o. Upon completion, DBA d.o.o. will retain the remaining 30% stake. The transaction also includes the call and put options to acquire the remaining 30% stake exercisable by either party following the third year after closing. All terms and conditions agreed between the parties shall become effective solely upon the signing of the Share Purchase Agreement and its formal notarization before a notary public in Slovenia. These formalities are expected to be completed by the end of May 2025. The completion of the transaction remains conditional upon the fulfilment of certain conditions precedent, including, inter alia, the receipt of the required approvals from the competent antitrust authorities and approval from the shareholders of Telelink Business Services Group AD. Provided that all such conditions precedent, as stipulated in the Share Purchase Agreement, are duly satisfied, the closing of the transaction is anticipated to occur by the end of 2025. The transaction has been approved the board of directors of DBA Group S.p.A.New Risk • May 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Bulgarian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (лв113.7m market cap, or US$65.4m).Reported Earnings • Mar 03Full year 2024 earnings released: EPS: лв0.94 (vs лв0.76 in FY 2023)Full year 2024 results: EPS: лв0.94 (up from лв0.76 in FY 2023). Revenue: лв224.8m (up 21% from FY 2023). Net income: лв11.7m (up 24% from FY 2023). Profit margin: 5.2% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Feb 27New 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 4.8% 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: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (лв117.3m market cap, or US$62.8m).お知らせ • Feb 18Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 200,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 15 per share. The program is valid until the end of the year. As of February 17, 2025, the company has 12,500,000 shares.分析記事 • Jan 10Is Telelink Business Services Group AD (BUL:TBS) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 07There May Be Some Bright Spots In Telelink Business Services Group AD's (BUL:TBS) EarningsSoft earnings didn't appear to concern Telelink Business Services Group AD's ( BUL:TBS ) shareholders over the last...Reported Earnings • Dec 02Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: лв50.2m (down 1.7% from 3Q 2023). Net income: лв2.73m (down 46% from 3Q 2023). Profit margin: 5.4% (down from 9.9% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 05Second quarter 2024 earnings released: лв0.021 loss per share (vs лв0.22 profit in 2Q 2023)Second quarter 2024 results: лв0.021 loss per share (down from лв0.22 profit in 2Q 2023). Net loss: лв264.0k (down 110% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 21Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 25,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 20 per share. The purpose of the program is to support the group's investment activities and provide shares as part of an incentive program for management and employees of the company and its subsidiaries. The program is valid until the end of the year. As of June 20, 2024, the company has 12,500,000 shares.Reported Earnings • Jun 04First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: лв41.3m (up 53% from 1Q 2023). Net income: лв2.33m (up лв2.27m from 1Q 2023). Profit margin: 5.6% (up from 0.2% in 1Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • Mar 03Full year 2023 earnings released: EPS: лв0.73 (vs лв0.88 in FY 2022)Full year 2023 results: EPS: лв0.73 (down from лв0.88 in FY 2022). Revenue: лв185.7m (up 20% from FY 2022). Net income: лв9.08m (down 17% from FY 2022). Profit margin: 4.9% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.お知らせ • Feb 15Telelink Business Services Group AD (BUL:TBS) signed an agreement to acquire Sedam It D.O.O. for €9 million.Telelink Business Services Group AD (BUL:TBS) signed an agreement to acquire Sedam It D.O.O. for €9 million on February 13, 2024. The final purchase price will be paid in stages, based on the agreed company value and depending on its financial debt, cash and net working capital at the date of transfer of company shares, as well as its financial results for 2024 and 2025.お知らせ • Dec 19Telelink Business Services Group AD to Report Q3, 2023 Results on Dec 21, 2023Telelink Business Services Group AD announced that they will report Q3, 2023 results on Dec 21, 2023Reported Earnings • Dec 02Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: лв51.3m (up 45% from 3Q 2022). Net income: лв5.05m (up 77% from 3Q 2022). Profit margin: 9.8% (up from 8.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in Europe.Reported Earnings • Aug 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: лв32.7m (down 19% from 2Q 2022). Net income: лв1.24m (down 67% from 2Q 2022). Profit margin: 3.8% (down from 9.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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.お知らせ • Jun 16Telelink Business Services Group AD to Report Q1, 2023 Results on Jun 20, 2023Telelink Business Services Group AD announced that they will report Q1, 2023 results on Jun 20, 2023Reported Earnings • Jun 02First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: лв27.1m (down 14% from 1Q 2022). Net income: лв55.0k (down 95% from 1Q 2022). Profit margin: 0.2% (down from 3.7% in 1Q 2022). The decrease in margin was driven by lower revenue.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: лв0.88 (vs лв0.99 in FY 2021)Full year 2022 results: EPS: лв0.88 (down from лв0.99 in FY 2021). Revenue: лв155.4m (down 6.2% from FY 2021). Net income: лв11.0m (down 11% from FY 2021). Profit margin: 7.1% (down from 7.5% in FY 2021). The decrease in margin was driven by lower revenue.お知らせ • Feb 18+ 1 more updateTelelink Business Services Group AD to Report Fiscal Year 2022 Final Results on Apr 30, 2023Telelink Business Services Group AD announced that they will report fiscal year 2022 final results on Apr 30, 2023Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: лв35.6m (down 1.3% from 3Q 2021). Net income: лв2.86m (up 30% from 3Q 2021). Profit margin: 8.0% (up from 6.1% in 3Q 2021). The increase in margin was driven by lower expenses.Upcoming Dividend • Sep 27Upcoming dividend of лв0.81 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 11 October 2022. Trailing yield: 6.3%. Lower than top quartile of Bulgarian dividend payers (6.6%). Higher than average of industry peers (2.4%).お知らせ • Aug 20Telelink Business Services Group AD Proposes Distribution of A Semi-Annual DividendTelelink Business Services Group AD proposes Distribution of a semi-annual dividend to the total amount of BGN 10,125,000 (formed of BGN 2,429,535.15 from the 2021 profit and BGN 7,695,464.85 from the first half profit of 2022) in terms of BGN 0.81 gross dividend per share.お知らせ • Jun 19Telelink Business Services Group AD Approves Dividend for the Year 2021On 17 June 2022, the Managing Board of Telelink Business Services Group AD approved the annual financial statements and annual report of TelelinkBusiness Services AD for 2021 and resolved upon the distribution of a dividend from the subsidiairy's profit for 2021 in the amount of BGN 10,365,899.00.Upcoming Dividend • Sep 20Upcoming dividend of лв0.82 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 07 October 2021. Trailing yield: 5.1%. Lower than top quartile of Bulgarian dividend payers (5.2%). Higher than average of industry peers (1.4%).Is New 90 Day High Low • Jan 15New 90-day high: лв12.50The company is up 14% from its price of лв11.00 on 15 October 2020. The Bulgarian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period.分析記事 • Jan 09Is There More To The Story Than Telelink Business Services Group AD's (BUL:TBS) Earnings Growth?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Nov 05New 90-day high: лв11.60The company is up 46% from its price of лв7.95 on 07 August 2020. The Bulgarian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 2.0% over the same period.Is New 90 Day High Low • Oct 10New 90-day high: лв11.30The company is up 48% from its price of лв7.65 on 10 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 IT industry, which is up 8.0% 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: TBS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: TBS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Telelink Business Services Group AD 配当利回り対市場TBS 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 (TBS)0%市場下位25% (BG)0.7%市場トップ25% (BG)4.8%業界平均 (IT)2.3%アナリスト予想 (TBS) (最長3年)n/a注目すべき配当: TBS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: TBS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: TBS 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: TBS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2026/08/07 12:44終値2026/08/07 00:00収益2026/03/31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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Telelink Business Services Group 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
お知らせ • Feb 18Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 200,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 15 per share. The program is valid until the end of the year. As of February 17, 2025, the company has 12,500,000 shares.
お知らせ • Jun 21Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 25,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 20 per share. The purpose of the program is to support the group's investment activities and provide shares as part of an incentive program for management and employees of the company and its subsidiaries. The program is valid until the end of the year. As of June 20, 2024, the company has 12,500,000 shares.
Upcoming Dividend • Sep 27Upcoming dividend of лв0.81 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 11 October 2022. Trailing yield: 6.3%. Lower than top quartile of Bulgarian dividend payers (6.6%). Higher than average of industry peers (2.4%).
お知らせ • Aug 20Telelink Business Services Group AD Proposes Distribution of A Semi-Annual DividendTelelink Business Services Group AD proposes Distribution of a semi-annual dividend to the total amount of BGN 10,125,000 (formed of BGN 2,429,535.15 from the 2021 profit and BGN 7,695,464.85 from the first half profit of 2022) in terms of BGN 0.81 gross dividend per share.
お知らせ • Jun 19Telelink Business Services Group AD Approves Dividend for the Year 2021On 17 June 2022, the Managing Board of Telelink Business Services Group AD approved the annual financial statements and annual report of TelelinkBusiness Services AD for 2021 and resolved upon the distribution of a dividend from the subsidiairy's profit for 2021 in the amount of BGN 10,365,899.00.
Upcoming Dividend • Sep 20Upcoming dividend of лв0.82 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 07 October 2021. Trailing yield: 5.1%. Lower than top quartile of Bulgarian dividend payers (5.2%). Higher than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.55, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 18x in the IT industry in Europe. Total returns to shareholders of 36% over the past three years.
New Risk • Jun 09New 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 7.1% 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: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€60.8m market cap, or US$70.0m).
分析記事 • Jun 08Impressive Earnings May Not Tell The Whole Story For Telelink Business Services Group AD (BUL:TBS)Telelink Business Services Group AD's ( BUL:TBS ) robust earnings report didn't manage to move the market for its...
Reported Earnings • Jun 06First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: €25.1m (up 56% from 1Q 2025). Net income: €2.27m (up €3.94m from 1Q 2025). Profit margin: 9.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment deteriorates as stock falls 42%After last week's 42% share price decline to €6.00, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 20x in the IT industry in Europe. Total loss to shareholders of 48% over the past three years.
分析記事 • Jan 06Positive Sentiment Still Eludes Telelink Business Services Group AD (BUL:TBS) Following 49% Share Price SlumpThe Telelink Business Services Group AD ( BUL:TBS ) share price has fared very poorly over the last month, falling by a...
New Risk • Dec 03New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 0.5% per year over the past 5 years. High level of non-cash earnings (43% accrual ratio). Minor Risk Market cap is less than US$100m (лв126.7m market cap, or US$75.5m).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to лв10.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the IT industry in Europe. Total loss to shareholders of 10% over the past three years.
分析記事 • Sep 09We Think Telelink Business Services Group AD's (BUL:TBS) Solid Earnings Are UnderstatedThe market seemed underwhelmed by last week's earnings announcement from Telelink Business Services Group AD ( BUL:TBS...
Reported Earnings • Sep 04Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: лв60.5m (up 92% from 2Q 2024). Net income: лв5.40m (up лв5.75m from 2Q 2024). Profit margin: 8.9% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
New Risk • Jun 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 6.0% 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: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (лв113.8m market cap, or US$67.2m).
お知らせ • May 20Telelink Business Services Group AD (BUL:TBS) reached an agreement on the substantial contractual terms and conditions to acquire 70% stake in Actual I.T., d.d. from DBA Group S.p.A. (BIT:DBA) and DBA d.o.o. for €15.8 million.Telelink Business Services Group AD (BUL:TBS) reached an agreement on the substantial contractual terms and conditions to acquire 70% stake in Actual I.T., d.d. from DBA Group S.p.A. (BIT:DBA) and DBA d.o.o. for €15.8 million on May 19, 2025. Telelink Business Services Group AD will acquire 33.56% or 0.68 million shares from DBA Group S.p.A. and 36.44% or 0.74 million shares from DBA d.o.o. Upon completion, DBA d.o.o. will retain the remaining 30% stake. The transaction also includes the call and put options to acquire the remaining 30% stake exercisable by either party following the third year after closing. All terms and conditions agreed between the parties shall become effective solely upon the signing of the Share Purchase Agreement and its formal notarization before a notary public in Slovenia. These formalities are expected to be completed by the end of May 2025. The completion of the transaction remains conditional upon the fulfilment of certain conditions precedent, including, inter alia, the receipt of the required approvals from the competent antitrust authorities and approval from the shareholders of Telelink Business Services Group AD. Provided that all such conditions precedent, as stipulated in the Share Purchase Agreement, are duly satisfied, the closing of the transaction is anticipated to occur by the end of 2025. The transaction has been approved the board of directors of DBA Group S.p.A.
New Risk • May 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Bulgarian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (лв113.7m market cap, or US$65.4m).
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: лв0.94 (vs лв0.76 in FY 2023)Full year 2024 results: EPS: лв0.94 (up from лв0.76 in FY 2023). Revenue: лв224.8m (up 21% from FY 2023). Net income: лв11.7m (up 24% from FY 2023). Profit margin: 5.2% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Feb 27New 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 4.8% 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: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (лв117.3m market cap, or US$62.8m).
お知らせ • Feb 18Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 200,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 15 per share. The program is valid until the end of the year. As of February 17, 2025, the company has 12,500,000 shares.
分析記事 • Jan 10Is Telelink Business Services Group AD (BUL:TBS) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 07There May Be Some Bright Spots In Telelink Business Services Group AD's (BUL:TBS) EarningsSoft earnings didn't appear to concern Telelink Business Services Group AD's ( BUL:TBS ) shareholders over the last...
Reported Earnings • Dec 02Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: лв50.2m (down 1.7% from 3Q 2023). Net income: лв2.73m (down 46% from 3Q 2023). Profit margin: 5.4% (down from 9.9% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 05Second quarter 2024 earnings released: лв0.021 loss per share (vs лв0.22 profit in 2Q 2023)Second quarter 2024 results: лв0.021 loss per share (down from лв0.22 profit in 2Q 2023). Net loss: лв264.0k (down 110% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 21Telelink Business Services Group AD (BUL:TBS) announces an Equity Buyback for 25,000 shares.Telelink Business Services Group AD (BUL:TBS) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares. The shares will be repurchased at a price falling in the price range from BGN 7.4 per share to BGN 20 per share. The purpose of the program is to support the group's investment activities and provide shares as part of an incentive program for management and employees of the company and its subsidiaries. The program is valid until the end of the year. As of June 20, 2024, the company has 12,500,000 shares.
Reported Earnings • Jun 04First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: лв41.3m (up 53% from 1Q 2023). Net income: лв2.33m (up лв2.27m from 1Q 2023). Profit margin: 5.6% (up from 0.2% in 1Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: лв0.73 (vs лв0.88 in FY 2022)Full year 2023 results: EPS: лв0.73 (down from лв0.88 in FY 2022). Revenue: лв185.7m (up 20% from FY 2022). Net income: лв9.08m (down 17% from FY 2022). Profit margin: 4.9% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.
お知らせ • Feb 15Telelink Business Services Group AD (BUL:TBS) signed an agreement to acquire Sedam It D.O.O. for €9 million.Telelink Business Services Group AD (BUL:TBS) signed an agreement to acquire Sedam It D.O.O. for €9 million on February 13, 2024. The final purchase price will be paid in stages, based on the agreed company value and depending on its financial debt, cash and net working capital at the date of transfer of company shares, as well as its financial results for 2024 and 2025.
お知らせ • Dec 19Telelink Business Services Group AD to Report Q3, 2023 Results on Dec 21, 2023Telelink Business Services Group AD announced that they will report Q3, 2023 results on Dec 21, 2023
Reported Earnings • Dec 02Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: лв51.3m (up 45% from 3Q 2022). Net income: лв5.05m (up 77% from 3Q 2022). Profit margin: 9.8% (up from 8.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in Europe.
Reported Earnings • Aug 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: лв32.7m (down 19% from 2Q 2022). Net income: лв1.24m (down 67% from 2Q 2022). Profit margin: 3.8% (down from 9.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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.
お知らせ • Jun 16Telelink Business Services Group AD to Report Q1, 2023 Results on Jun 20, 2023Telelink Business Services Group AD announced that they will report Q1, 2023 results on Jun 20, 2023
Reported Earnings • Jun 02First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: лв27.1m (down 14% from 1Q 2022). Net income: лв55.0k (down 95% from 1Q 2022). Profit margin: 0.2% (down from 3.7% in 1Q 2022). The decrease in margin was driven by lower revenue.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: лв0.88 (vs лв0.99 in FY 2021)Full year 2022 results: EPS: лв0.88 (down from лв0.99 in FY 2021). Revenue: лв155.4m (down 6.2% from FY 2021). Net income: лв11.0m (down 11% from FY 2021). Profit margin: 7.1% (down from 7.5% in FY 2021). The decrease in margin was driven by lower revenue.
お知らせ • Feb 18+ 1 more updateTelelink Business Services Group AD to Report Fiscal Year 2022 Final Results on Apr 30, 2023Telelink Business Services Group AD announced that they will report fiscal year 2022 final results on Apr 30, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: лв35.6m (down 1.3% from 3Q 2021). Net income: лв2.86m (up 30% from 3Q 2021). Profit margin: 8.0% (up from 6.1% in 3Q 2021). The increase in margin was driven by lower expenses.
Upcoming Dividend • Sep 27Upcoming dividend of лв0.81 per shareEligible shareholders must have bought the stock before 04 October 2022. Payment date: 11 October 2022. Trailing yield: 6.3%. Lower than top quartile of Bulgarian dividend payers (6.6%). Higher than average of industry peers (2.4%).
お知らせ • Aug 20Telelink Business Services Group AD Proposes Distribution of A Semi-Annual DividendTelelink Business Services Group AD proposes Distribution of a semi-annual dividend to the total amount of BGN 10,125,000 (formed of BGN 2,429,535.15 from the 2021 profit and BGN 7,695,464.85 from the first half profit of 2022) in terms of BGN 0.81 gross dividend per share.
お知らせ • Jun 19Telelink Business Services Group AD Approves Dividend for the Year 2021On 17 June 2022, the Managing Board of Telelink Business Services Group AD approved the annual financial statements and annual report of TelelinkBusiness Services AD for 2021 and resolved upon the distribution of a dividend from the subsidiairy's profit for 2021 in the amount of BGN 10,365,899.00.
Upcoming Dividend • Sep 20Upcoming dividend of лв0.82 per shareEligible shareholders must have bought the stock before 27 September 2021. Payment date: 07 October 2021. Trailing yield: 5.1%. Lower than top quartile of Bulgarian dividend payers (5.2%). Higher than average of industry peers (1.4%).
Is New 90 Day High Low • Jan 15New 90-day high: лв12.50The company is up 14% from its price of лв11.00 on 15 October 2020. The Bulgarian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period.
分析記事 • Jan 09Is There More To The Story Than Telelink Business Services Group AD's (BUL:TBS) Earnings Growth?Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Nov 05New 90-day high: лв11.60The company is up 46% from its price of лв7.95 on 07 August 2020. The Bulgarian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 2.0% over the same period.
Is New 90 Day High Low • Oct 10New 90-day high: лв11.30The company is up 48% from its price of лв7.65 on 10 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 IT industry, which is up 8.0% over the same period.