Eurohold Bulgaria AD (BUL:EUBG) Stock Catapults 30% Though Its Price And Business Still Lag The Industry
Dec 21
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Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedDec 23, 2024
DataAggregated Company Financials
Companies174
- 7D0.5%
- 3M0.5%
- 1Y12.9%
- YTD10.2%
In the last week, the market has been flat, with a notable exception in the Energy sector dropping 13%. Meanwhile, the market is actually up 13% over the past year. As for the next few years, earnings are expected to grow by 35% per annum.
Market Valuation and Performance
Has the Bulgarian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 23 Dec 2024 | лв14.8b | лв12.5b | лв882.6m | 17x | 16.7x | 1.2x |
| Wed, 20 Nov 2024 | лв14.8b | лв12.2b | лв842.1m | 17.2x | 17.6x | 1.2x |
| Fri, 18 Oct 2024 | лв15.0b | лв12.1b | лв848.4m | 17.9x | 17.7x | 1.2x |
| Sun, 15 Sep 2024 | лв15.3b | лв12.1b | лв846.2m | 16.7x | 18.1x | 1.3x |
| Tue, 13 Aug 2024 | лв15.5b | лв14.7b | лв871.3m | 14.5x | 17.8x | 1.1x |
| Thu, 11 Jul 2024 | лв15.6b | лв12.1b | лв875.8m | 14x | 17.9x | 1.3x |
| Sat, 08 Jun 2024 | лв15.6b | лв16.0b | лв1.1b | 14.5x | 14x | 1x |
| Mon, 06 May 2024 | лв15.2b | лв16.6b | лв1.1b | 12.9x | 13.7x | 0.9x |
| Wed, 03 Apr 2024 | лв14.8b | лв16.7b | лв1.2b | 14.2x | 12.7x | 0.9x |
| Fri, 01 Mar 2024 | лв15.0b | лв15.9b | лв1.1b | 14.1x | 13.4x | 0.9x |
| Sun, 28 Jan 2024 | лв16.2b | лв17.9b | лв1.2b | 11.4x | 13.2x | 0.9x |
| Tue, 26 Dec 2023 | лв15.6b | лв17.7b | лв1.3b | 11.6x | 12.1x | 0.9x |
| Thu, 23 Nov 2023 | лв15.6b | лв19.0b | лв1.4b | 12.5x | 10.8x | 0.8x |
| Sat, 21 Oct 2023 | лв15.5b | лв18.8b | лв1.4b | 12.6x | 11.2x | 0.8x |
| Mon, 18 Sep 2023 | лв15.2b | лв18.8b | лв1.4b | 12.1x | 10.9x | 0.8x |
| Wed, 16 Aug 2023 | лв14.7b | лв15.9b | лв1.1b | 13x | 13.2x | 0.9x |
| Fri, 14 Jul 2023 | лв14.4b | лв19.2b | лв1.3b | 13.2x | 10.7x | 0.8x |
| Sun, 11 Jun 2023 | лв14.4b | лв20.6b | лв1.1b | 13.7x | 13.5x | 0.7x |
| Tue, 09 May 2023 | лв13.8b | лв20.3b | лв1.1b | 13.4x | 12.4x | 0.7x |
| Thu, 06 Apr 2023 | лв13.7b | лв20.3b | лв1.0b | 13.5x | 13.5x | 0.7x |
| Sat, 04 Mar 2023 | лв13.8b | лв20.6b | лв1.1b | 14.4x | 12.7x | 0.7x |
| Mon, 30 Jan 2023 | лв13.7b | лв20.3b | лв1.1b | 13.4x | 12.3x | 0.7x |
| Wed, 28 Dec 2022 | лв13.5b | лв20.2b | лв1.2b | 11.9x | 11.7x | 0.7x |
| Fri, 25 Nov 2022 | лв12.9b | лв18.6b | лв1.0b | 12.3x | 12.7x | 0.7x |
| Sun, 23 Oct 2022 | лв12.9b | лв18.5b | лв1.1b | 13.1x | 12.1x | 0.7x |
| Tue, 20 Sep 2022 | лв13.0b | лв18.5b | лв1.1b | 13.2x | 12.3x | 0.7x |
| Thu, 18 Aug 2022 | лв13.4b | лв16.9b | лв979.2m | 14.1x | 13.7x | 0.8x |
| Sat, 16 Jul 2022 | лв13.3b | лв16.9b | лв984.7m | 14.3x | 13.5x | 0.8x |
| Mon, 13 Jun 2022 | лв29.9b | лв17.0b | лв988.8m | 14.4x | 30.2x | 1.8x |
| Wed, 11 May 2022 | лв29.5b | лв15.7b | лв827.1m | 14.5x | 35.7x | 1.9x |
| Fri, 08 Apr 2022 | лв29.5b | лв15.1b | лв862.5m | 14.2x | 34.2x | 1.9x |
| Sun, 06 Mar 2022 | лв28.7b | лв15.1b | лв857.7m | 14.5x | 33.5x | 1.9x |
| Tue, 01 Feb 2022 | лв29.5b | лв12.9b | лв569.1m | 16.3x | 51.9x | 2.3x |
| Thu, 30 Dec 2021 | лв29.4b | лв12.9b | лв584.6m | 17.9x | 50.3x | 2.3x |
Price to Earnings Ratio
50.3x
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 17.8x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 15% 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 | 0.51% | |
| Financials | 1.84% | |
| Healthcare | 1.19% | |
| Industrials | 0.71% | |
| Utilities | 0.62% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.43% | |
| Real Estate | -0.52% | |
| Consumer Discretionary | -0.54% | |
| Materials | -0.54% | |
| Telecom | -0.55% | |
| Consumer Staples | -0.91% | |
| Energy | -13.47% | |
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 214x.
- 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 | |
|---|---|---|---|---|---|---|
| EUBG Eurohold Bulgaria AD | лв1.93 | 26.1% +лв104.2m | 38.8% | PE132.7x | Financials | |
| FIB First Investment Bank AD | лв4.14 | 6.2% +лв35.8m | 41.8% | PB0.4x | Financials | |
| SFA Sopharma AD | лв5.86 | 2.8% +лв26.5m | 2.4% | PE11.9x | Healthcare | |
| CCB Central Cooperative Bank AD | лв1.68 | 5.0% +лв10.2m | 8.4% | PB0.3x | Financials | |
| THQM Tchaikapharma High Quality Medicines AD | лв17.90 | 0.6% +лв9.2m | n/a | PE492.3x | Healthcare |
