Header cover image

Bulgarian (SOFIX) Market Analysis & Valuation

UpdatedJun 06, 2023
DataAggregated Company Financials
Companies185
  • 7D1.2%
  • 3M2.8%
  • 1Y2.4%
  • YTD3.9%

The market is up 1.2% over the last week, with the Financials sector leading the way, up 2.7%. In contrast, the Energy sector is lagging, dropping 12%. The market has been flat overall in the last year. Earnings are forecast to grow by 13% annually.

Market Valuation and Performance

Has the Bulgarian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jun 2023лв14.4bлв20.6bлв1.1b13.2x13.5x0.7x
Thu, 04 May 2023лв13.8bлв20.3bлв1.1b12.8x12.5x0.7x
Sat, 01 Apr 2023лв13.7bлв20.3bлв1.0b13.4x13.4x0.7x
Mon, 27 Feb 2023лв13.8bлв20.3bлв1.2b14.1x11.4x0.7x
Wed, 25 Jan 2023лв13.7bлв20.2bлв1.1b13.4x12.5x0.7x
Fri, 23 Dec 2022лв13.5bлв20.2bлв1.2b11.9x11.7x0.7x
Sun, 20 Nov 2022лв12.9bлв18.6bлв1.0b12.3x12.7x0.7x
Tue, 18 Oct 2022лв12.8bлв18.5bлв1.1b12.7x12x0.7x
Thu, 15 Sep 2022лв13.4bлв18.3bлв1.1b13.3x12.6x0.7x
Sat, 13 Aug 2022лв13.5bлв16.9bлв979.2m14.1x13.7x0.8x
Mon, 11 Jul 2022лв13.4bлв16.9bлв984.7m14.2x13.7x0.8x
Wed, 08 Jun 2022лв29.8bлв17.0bлв986.6m14.5x30.2x1.8x
Fri, 06 May 2022лв29.6bлв15.7bлв825.4m14.5x35.8x1.9x
Sun, 03 Apr 2022лв29.6bлв15.1bлв863.3m14.2x34.2x2x
Tue, 01 Mar 2022лв28.9bлв13.3bлв641.0m16.7x45x2.2x
Thu, 27 Jan 2022лв29.3bлв12.9bлв577.8m16.3x50.8x2.3x
Sat, 25 Dec 2021лв29.4bлв12.9bлв585.9m17.1x50.3x2.3x
Mon, 22 Nov 2021лв29.4bлв12.0bлв490.1m17.2x60x2.4x
Wed, 20 Oct 2021лв29.0bлв11.8bлв484.8m17.9x59.9x2.5x
Fri, 17 Sep 2021лв28.5bлв11.8bлв473.5m17.3x60.2x2.4x
Sun, 15 Aug 2021лв28.5bлв11.8bлв483.2m16.2x58.9x2.4x
Thu, 10 Jun 2021лв27.8bлв11.3bлв452.7m18.4x61.3x2.5x
Wed, 03 Mar 2021лв28.3bлв11.1bлв397.5m17.2x71.1x2.6x
Sat, 05 Dec 2020лв26.9bлв11.2bлв700.3m16.8x38.5x2.4x
Tue, 08 Sep 2020лв26.5bлв11.2bлв730.3m14.2x36.3x2.4x
Price to Earnings Ratio

36.2x


Total Market Cap: лв26.4bTotal Earnings: лв730.4mTotal Revenue: лв11.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Market Price to Earnings3Y Average 37.9x202120222023
Current Market PE
  • Investors are pessimistic on the Bulgarian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 37.9x.
Past Earnings Growth
  • The earnings for Bulgarian listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Bulgarian Market?

BG Market1.18%
Tech3.57%
Financials2.65%
Materials2.01%
Healthcare1.78%
Industrials0.75%
Consumer Staples0.56%
Consumer Discretionary0.56%
Real Estate0.14%
Utilities0%
Telecom-0.23%
Energy-12.00%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 65.0x.
    • 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 29% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SFA Sopharma ADлв6.185.8%
+лв41.2m
37.9%PE8.9xHealthcare
EUBG Eurohold Bulgaria ADлв1.855.7%
+лв26.0m
-14.4%PE9.4xFinancials
A4L Allterco ADлв28.004.9%
+лв23.3m
54.7%PE25.7xTech
SPH Stara Planina Holdлв10.009.9%
+лв18.7m
-4.8%PE11.7xIndustrials
IHB Industrial Holding Bulgaria ADлв1.8710.0%
+лв16.5m
-20.1%PE6.4xIndustrials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

In just the last month, we’ve had US debt ceiling talks go from global crisis mode to a potential resolution (still to be determined)...

Continue reading

Latest News

SFA

лв6.18

Sopharma AD

7D

5.8%

1Y

37.9%

LAV

лв1.79

Lavena AD

7D

-5.8%

1Y

-48.9%

DUH

лв8.92

Doverie United Holding AD

7D

5.9%

1Y

18.0%

T57

лв3.54

Trace Group Hold

7D

-4.3%

1Y

-3.8%

SPDY

лв111.00

Speedy AD

7D

-4.3%

1Y

2.8%

SPH

лв10.00

Stara Planina Hold

7D

9.9%

1Y

-4.8%

EUBG

лв1.85

Eurohold Bulgaria AD

7D

5.7%

1Y

-14.4%

IHB

лв1.87

Industrial Holding Bulgaria AD

7D

10.0%

1Y

-20.1%

CCB

лв1.46

Central Cooperative Bank AD

7D

4.3%

1Y

-11.0%

SYN

лв50.00

Synthetica AD

7D

-1.0%

1Y

0%

CHIM

лв0.72

Chimimport AD

7D

-1.4%

1Y

-23.2%

11C

лв21.00

Eleven Capital AD

7D

-2.8%

1Y

20.0%