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Bulgarian (SOFIX) Market Analysis & Valuation

UpdatedMay 26, 2024
DataAggregated Company Financials
Companies167
  • 7D0.3%
  • 3M6.2%
  • 1Y18.2%
  • YTD10.0%

In the last week, the market has been flat. As for the longer term, the market has risen 18% in the past 12 months. Earnings are forecast to grow by 30% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 May 2024лв15.8bлв16.6bлв1.1b13.4x14.1x0.9x
Tue, 23 Apr 2024лв14.9bлв16.5bлв1.2b13.6x12.9x0.9x
Thu, 21 Mar 2024лв15.2bлв16.8bлв1.2b14.1x12.8x0.9x
Sat, 17 Feb 2024лв14.9bлв16.1bлв1.1b13.9x13.7x0.9x
Mon, 15 Jan 2024лв16.0bлв17.8bлв1.3b11.6x12.2x0.9x
Wed, 13 Dec 2023лв15.6bлв18.4bлв1.3b11.8x12x0.8x
Fri, 10 Nov 2023лв15.6bлв18.9bлв1.4b12.3x10.9x0.8x
Sun, 08 Oct 2023лв15.3bлв18.8bлв1.4b12.6x11x0.8x
Tue, 05 Sep 2023лв15.2bлв18.7bлв1.4b12.1x11.2x0.8x
Thu, 03 Aug 2023лв14.6bлв16.0bлв1.1b14.2x13.7x0.9x
Sat, 01 Jul 2023лв14.3bлв19.3bлв1.3b13.2x11.3x0.7x
Mon, 29 May 2023лв14.2bлв20.6bлв1.1b13.1x13x0.7x
Wed, 26 Apr 2023лв13.8bлв20.4bлв1.1b13x12.5x0.7x
Fri, 24 Mar 2023лв13.1bлв20.3bлв1.0b13.4x12.8x0.6x
Sun, 19 Feb 2023лв13.7bлв20.3bлв1.2b14.1x11.8x0.7x
Tue, 17 Jan 2023лв13.7bлв20.2bлв1.1b13.4x12.5x0.7x
Thu, 15 Dec 2022лв13.3bлв19.9bлв1.1b11.9x11.8x0.7x
Sat, 12 Nov 2022лв13.1bлв18.6bлв1.0b12x12.8x0.7x
Mon, 10 Oct 2022лв12.8bлв18.5bлв1.1b12.3x12x0.7x
Wed, 07 Sep 2022лв13.4bлв18.1bлв1.0b13.9x13x0.7x
Fri, 05 Aug 2022лв13.3bлв16.9bлв991.7m14.3x13.5x0.8x
Sun, 03 Jul 2022лв13.4bлв16.9bлв984.7m14.3x13.6x0.8x
Tue, 31 May 2022лв29.6bлв15.9bлв856.9m14.5x34.6x1.9x
Thu, 28 Apr 2022лв29.5bлв15.2bлв848.0m14.8x34.8x1.9x
Sat, 26 Mar 2022лв29.4bлв15.2bлв864.1m15.2x34x1.9x
Mon, 21 Feb 2022лв29.1bлв13.2bлв645.3m15.7x45.1x2.2x
Wed, 19 Jan 2022лв29.7bлв12.9bлв579.5m17x51.2x2.3x
Fri, 17 Dec 2021лв29.3bлв12.9bлв578.6m17.5x50.6x2.3x
Sun, 14 Nov 2021лв29.5bлв12.0bлв489.4m17.3x60.2x2.4x
Tue, 12 Oct 2021лв28.9bлв11.8bлв484.8m17.9x59.6x2.4x
Thu, 09 Sep 2021лв28.6bлв11.8bлв475.0m16.5x60.1x2.4x
Sat, 07 Aug 2021лв28.3bлв11.8bлв483.2m15.8x58.6x2.4x
Price to Earnings Ratio

61.3x


Total Market Cap: лв27.8bTotal Earnings: лв452.7mTotal Revenue: лв11.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Market Price to Earnings3Y Average 25.7x202220232024
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 14.1x which is lower than its 3-year average PE of 25.7x.
Past Earnings Growth
  • The earnings for Bulgarian listed companies have grown 35% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.33%
Consumer Staples2.19%
Tech2.11%
Energy0.89%
Financials0.57%
Consumer Discretionary0.23%
Healthcare0.053%
Telecom0%
Utilities0%
Industrials-0.17%
Real Estate-0.28%
Materials-2.51%
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 251x.
    • 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 30% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Tech sector is expected to see its earnings grow by 30% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
SLYG Shelly Group ADлв74.802.5%
+лв32.5m
182.3%PE36.9xTech
EUBG Eurohold Bulgaria ADлв1.528.6%
+лв31.3m
-13.1%PE1.9xFinancials
SPDY Speedy ADлв166.002.5%
+лв21.5m
43.1%PE21.4xIndustrials
SO Smart Organic ADлв21.006.6%
+лв13.4m
n/aPE17.7xConsumer Staples
CCB Central Cooperative Bank ADлв1.705.6%
+лв11.4m
18.9%PB0.3xFinancials
See more
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Latest News

SLYG

лв74.80

Shelly Group AD

7D

2.5%

1Y

182.3%

MSH

лв11.10

M+S Hydraulic AD

7D

-2.6%

1Y

15.6%

FIB

лв4.20

First Investment Bank AD

7D

-3.7%

1Y

103.9%

ODES

лв316.00

Odessos Shiprepair Yard

7D

-4.2%

1Y

36.2%

CCB

лв1.70

Central Cooperative Bank AD

7D

5.6%

1Y

18.9%

SPDY

лв166.00

Speedy AD

7D

2.5%

1Y

43.1%

ALCM

лв6.90

Alcomet AD

7D

-6.8%

1Y

-20.2%

SFI

лв9.00

Sopharma Properties REIT

7D

-4.8%

1Y

-4.3%

THQM

лв17.20

Tchaikapharma High Quality Medicines AD

7D

-0.6%

1Y

8.2%

IHB

лв1.70

Industrial Holding Bulgaria AD

7D

-4.5%

1Y

0%

SFA

лв6.14

Sopharma AD

7D

1.0%

1Y

3.4%

KAU

лв70.00

Kauchuk AD

7D

9.4%

1Y

141.4%