Lavena AD's (BUL:LAV) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Feb 01
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Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedFeb 02, 2025
DataAggregated Company Financials
Companies171
- 7D-0.1%
- 3M0.5%
- 1Y7.6%
- YTD-0.5%
The market has been flat in the last week, however the Energy sector is down 6.8%. More promisingly, the market is up 7.6% over the past year. Earnings are forecast to grow by 35% annually.
Market Valuation and Performance
Has the Bulgarian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Feb 2025 | лв14.7b | лв12.6b | лв891.8m | 17.3x | 16.5x | 1.2x |
| Tue, 31 Dec 2024 | лв14.8b | лв12.5b | лв882.6m | 17.4x | 16.7x | 1.2x |
| Thu, 28 Nov 2024 | лв14.6b | лв12.1b | лв847.8m | 17.9x | 17.2x | 1.2x |
| Sat, 26 Oct 2024 | лв14.9b | лв12.2b | лв852.0m | 17.9x | 17.5x | 1.2x |
| Mon, 23 Sep 2024 | лв15.2b | лв12.1b | лв849.9m | 16.7x | 17.9x | 1.3x |
| Wed, 21 Aug 2024 | лв15.6b | лв14.7b | лв869.3m | 13.6x | 17.9x | 1.1x |
| Fri, 19 Jul 2024 | лв15.2b | лв12.1b | лв875.8m | 16.3x | 17.3x | 1.3x |
| Sun, 16 Jun 2024 | лв15.0b | лв12.3b | лв907.6m | 14.7x | 16.5x | 1.2x |
| Tue, 14 May 2024 | лв15.5b | лв16.6b | лв1.1b | 13x | 13.9x | 0.9x |
| Thu, 11 Apr 2024 | лв14.8b | лв16.7b | лв1.2b | 14.1x | 12.7x | 0.9x |
| Sat, 09 Mar 2024 | лв15.1b | лв16.7b | лв1.2b | 14x | 12.8x | 0.9x |
| Mon, 05 Feb 2024 | лв16.1b | лв17.8b | лв1.2b | 12.4x | 13.6x | 0.9x |
| Wed, 03 Jan 2024 | лв15.7b | лв17.7b | лв1.3b | 11.6x | 12.2x | 0.9x |
| Fri, 01 Dec 2023 | лв15.6b | лв19.0b | лв1.4b | 12.2x | 11x | 0.8x |
| Sun, 29 Oct 2023 | лв15.6b | лв18.8b | лв1.4b | 12.6x | 11.1x | 0.8x |
| Tue, 26 Sep 2023 | лв15.2b | лв18.8b | лв1.4b | 12.1x | 10.8x | 0.8x |
| Thu, 24 Aug 2023 | лв14.8b | лв15.9b | лв1.1b | 12.2x | 13.5x | 0.9x |
| Sat, 22 Jul 2023 | лв14.5b | лв19.2b | лв1.3b | 13.5x | 10.7x | 0.8x |
| Mon, 19 Jun 2023 | лв14.4b | лв19.2b | лв1.3b | 13.5x | 11.3x | 0.8x |
| Wed, 17 May 2023 | лв13.9b | лв20.3b | лв1.1b | 13x | 12.5x | 0.7x |
| Fri, 14 Apr 2023 | лв13.8b | лв20.4b | лв1.1b | 12.9x | 12.3x | 0.7x |
| Sun, 12 Mar 2023 | лв13.9b | лв20.4b | лв1.0b | 13.6x | 13.7x | 0.7x |
| Tue, 07 Feb 2023 | лв13.7b | лв20.3b | лв1.2b | 13.5x | 11.5x | 0.7x |
| Thu, 05 Jan 2023 | лв13.6b | лв20.2b | лв1.2b | 11.9x | 11.8x | 0.7x |
| Sat, 03 Dec 2022 | лв13.1b | лв20.3b | лв1.2b | 11.7x | 11.4x | 0.6x |
| Mon, 31 Oct 2022 | лв13.0b | лв18.5b | лв1.1b | 12.7x | 12.1x | 0.7x |
| Wed, 28 Sep 2022 | лв12.9b | лв18.5b | лв1.1b | 12.7x | 12.1x | 0.7x |
| Fri, 26 Aug 2022 | лв13.4b | лв17.0b | лв982.0m | 14.1x | 13.6x | 0.8x |
| Sun, 24 Jul 2022 | лв13.4b | лв16.9b | лв984.7m | 14.4x | 13.6x | 0.8x |
| Tue, 21 Jun 2022 | лв13.4b | лв17.1b | лв991.4m | 14.4x | 13.6x | 0.8x |
| Thu, 19 May 2022 | лв29.6b | лв15.7b | лв814.3m | 14.7x | 36.3x | 1.9x |
| Sat, 16 Apr 2022 | лв29.6b | лв15.1b | лв865.0m | 14.3x | 34.2x | 2x |
| Mon, 14 Mar 2022 | лв28.9b | лв15.2b | лв864.3m | 15.1x | 33.4x | 1.9x |
| Wed, 09 Feb 2022 | лв29.7b | лв13.2b | лв597.8m | 16.1x | 49.6x | 2.2x |
Price to Earnings Ratio
49.6x
Current Market PE
- Investors are relatively neutral on the Bulgarian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 16.6x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 14% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Bulgarian Market?
| BG Market | -0.14% | |
| Consumer Staples | 2.58% | |
| Tech | 1.78% | |
| Telecom | 0.77% | |
| Financials | 0.70% | |
| Real Estate | 0.27% | |
| Materials | 0.037% | |
| Utilities | 0% | 0 |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Healthcare | -0.093% | |
| Consumer Discretionary | -0.64% | |
| Industrials | -2.35% | |
| Energy | -6.84% | |
Sector PE
- Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 208x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Tech sector is expected to see its earnings grow by 35% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SLYG Shelly Group | €35.50 | 2.0% +€12.7m | 18.9% | PE31.6x | Tech | |
| BACB Bulgarian-American Credit Bank AD | лв12.40 | 7.8% +лв22.2m | 86.5% | PB0.8x | Financials | |
| SO Smart Organic AD | лв23.40 | 3.5% +лв9.1m | 8.3% | PE21.2x | Consumer Staples | |
| BREF Bulgarian Real Estate Fund REIT | лв4.08 | 4.1% +лв5.5m | 56.9% | PB0.9x | Real Estate | |
| LAV Lavena AD | лв1.90 | 40.7% +лв5.5m | 8.6% | PE9.1x | Consumer Staples |
