Odessos Shiprepair Yard (BUL:ODES) Is Reducing Its Dividend To BGN10.00
May 19
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Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedJun 05, 2025
DataAggregated Company Financials
Companies165
- 7D1.0%
- 3M10.9%
- 1Y7.2%
- YTD5.3%
The market has climbed 1.0% in the last 7 days, lead by the Information Technology sector with a gain of 6.9%. The market is up 7.2% over the last 12 months. Looking forward, earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Thu, 05 Jun 2025 | лв16.2b | лв16.1b | лв1.1b | 21.2x | 14.8x | 1x |
| Sat, 03 May 2025 | лв15.3b | лв16.3b | лв1.0b | 18.2x | 14.6x | 0.9x |
| Mon, 31 Mar 2025 | лв15.5b | лв16.3b | лв1.1b | 18.2x | 14.5x | 1x |
| Wed, 26 Feb 2025 | лв14.6b | лв12.6b | лв901.3m | 17.2x | 16.1x | 1.2x |
| Fri, 24 Jan 2025 | лв14.8b | лв12.6b | лв880.8m | 17.4x | 16.8x | 1.2x |
| Sun, 22 Dec 2024 | лв14.8b | лв12.5b | лв882.6m | 17x | 16.7x | 1.2x |
| Tue, 19 Nov 2024 | лв14.8b | лв12.2b | лв842.1m | 17.2x | 17.6x | 1.2x |
| Thu, 17 Oct 2024 | лв15.0b | лв12.1b | лв848.4m | 17.6x | 17.7x | 1.2x |
| Sat, 14 Sep 2024 | лв15.2b | лв12.1b | лв845.1m | 15.9x | 18x | 1.3x |
| Mon, 12 Aug 2024 | лв15.4b | лв14.7b | лв871.3m | 13.6x | 17.7x | 1.1x |
| Wed, 10 Jul 2024 | лв15.7b | лв12.1b | лв877.7m | 13.9x | 17.9x | 1.3x |
| Fri, 07 Jun 2024 | лв15.9b | лв16.0b | лв1.1b | 15x | 14.2x | 1x |
| Sun, 05 May 2024 | лв15.2b | лв16.6b | лв1.1b | 13x | 13.7x | 0.9x |
| Tue, 02 Apr 2024 | лв14.8b | лв16.7b | лв1.2b | 14x | 12.7x | 0.9x |
| Thu, 29 Feb 2024 | лв15.0b | лв15.9b | лв1.1b | 13.4x | 13.2x | 0.9x |
| Sat, 27 Jan 2024 | лв16.2b | лв17.9b | лв1.3b | 11.2x | 12.3x | 0.9x |
| Mon, 25 Dec 2023 | лв15.6b | лв17.7b | лв1.3b | 11.4x | 12.1x | 0.9x |
| Wed, 22 Nov 2023 | лв15.7b | лв19.0b | лв1.4b | 12.4x | 10.9x | 0.8x |
| Fri, 20 Oct 2023 | лв15.6b | лв18.8b | лв1.4b | 12.6x | 11.2x | 0.8x |
| Sun, 17 Sep 2023 | лв15.2b | лв18.8b | лв1.4b | 12.1x | 10.9x | 0.8x |
| Tue, 15 Aug 2023 | лв14.7b | лв15.9b | лв1.1b | 13x | 13.2x | 0.9x |
| Thu, 13 Jul 2023 | лв14.4b | лв19.2b | лв1.3b | 13.1x | 10.7x | 0.8x |
| Sat, 10 Jun 2023 | лв14.4b | лв20.6b | лв1.1b | 13.7x | 13.5x | 0.7x |
| Mon, 08 May 2023 | лв13.8b | лв20.3b | лв1.1b | 13.4x | 12.4x | 0.7x |
| Wed, 05 Apr 2023 | лв13.7b | лв20.3b | лв1.0b | 13.5x | 13.4x | 0.7x |
| Fri, 03 Mar 2023 | лв13.8b | лв20.4b | лв1.1b | 13.8x | 12.2x | 0.7x |
| Sun, 29 Jan 2023 | лв13.7b | лв20.3b | лв1.1b | 13.4x | 12.3x | 0.7x |
| Tue, 27 Dec 2022 | лв13.5b | лв20.2b | лв1.2b | 11.9x | 11.7x | 0.7x |
| Thu, 24 Nov 2022 | лв12.9b | лв18.6b | лв1.0b | 12.3x | 12.7x | 0.7x |
| Sat, 22 Oct 2022 | лв12.9b | лв18.5b | лв1.1b | 13.1x | 12.1x | 0.7x |
| Mon, 19 Sep 2022 | лв13.0b | лв18.5b | лв1.1b | 13.5x | 12.2x | 0.7x |
| Wed, 17 Aug 2022 | лв13.4b | лв16.9b | лв979.2m | 14.1x | 13.7x | 0.8x |
| Fri, 15 Jul 2022 | лв13.3b | лв16.9b | лв984.7m | 14.2x | 13.5x | 0.8x |
| Sun, 12 Jun 2022 | лв29.9b | лв17.0b | лв988.8m | 14.4x | 30.2x | 1.8x |
Price to Earnings Ratio
30.2x
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 14.0x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 3.5% 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 | 1.01% | |
| Tech | 6.95% | |
| Consumer Staples | 1.84% | |
| Financials | 1.30% | |
| Real Estate | 1.02% | |
| Industrials | 0.29% | |
| Energy | 0% | 0 |
| Telecom | 0% | 0 |
| Utilities | 0% | 0 |
| Consumer Discretionary | -0.27% | |
| Materials | -1.32% | |
| Healthcare | -1.56% | |
Sector PE
- Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.9% which is higher than its past year's earnings decline of 22.7% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 6.4x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 23% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SLYG Shelly Group | €48.10 | 7.1% +€57.9m | 31.0% | PE37.2x | Tech | |
| ALFB Alpha Bulgaria AD | лв3.36 | 52.7% +лв30.3m | n/a | n/a | Financials | |
| SPH Stara Planina Hold | лв9.10 | 11.0% +лв18.7m | -11.7% | PE54.6x | Industrials | |
| DUH Doverie United Holding AD | лв9.32 | 7.4% +лв13.7m | 5.4% | PE1.9x | Financials | |
| SPDY Speedy AD | лв204.00 | 1.0% +лв10.8m | 13.3% | PE31.7x | Industrials |