Header cover image

Bulgarian (SOFIX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies163
  • 7D0.7%
  • 3M6.7%
  • 1Y15.9%
  • YTD4.2%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 10% in that time. Meanwhile, the market is actually up 16% over the past year. Looking forward, earnings are forecast to grow by 28% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024лв15.2bлв16.8bлв1.2b14.1x12.6x0.9x
Wed, 14 Feb 2024лв14.9bлв16.1bлв1.1b13.7x13.6x0.9x
Fri, 12 Jan 2024лв15.9bлв17.8bлв1.3b11.6x12.1x0.9x
Sun, 10 Dec 2023лв15.6bлв18.4bлв1.3b12x11.8x0.8x
Tue, 07 Nov 2023лв15.6bлв18.8bлв1.4b12.5x11.3x0.8x
Thu, 05 Oct 2023лв15.3bлв18.8bлв1.4b12.2x10.9x0.8x
Sat, 02 Sep 2023лв15.1bлв16.9bлв1.4b12.1x11.1x0.9x
Mon, 31 Jul 2023лв14.5bлв19.2bлв1.3b13.8x10.8x0.8x
Wed, 28 Jun 2023лв14.3bлв19.3bлв1.3b13.4x11.3x0.7x
Fri, 26 May 2023лв14.2bлв20.4bлв1.1b13.1x12.9x0.7x
Sun, 23 Apr 2023лв13.7bлв20.4bлв1.1b13x12.5x0.7x
Tue, 21 Mar 2023лв13.2bлв20.3bлв1.0b13.4x12.9x0.6x
Thu, 16 Feb 2023лв13.7bлв20.3bлв1.2b14.4x11.8x0.7x
Sat, 14 Jan 2023лв13.8bлв20.2bлв1.1b13.4x12.5x0.7x
Mon, 12 Dec 2022лв13.3bлв20.3bлв1.1b11.8x11.6x0.7x
Wed, 09 Nov 2022лв13.1bлв18.7bлв1.0b12.1x12.7x0.7x
Fri, 07 Oct 2022лв12.8bлв18.5bлв1.1b12.3x12x0.7x
Sun, 04 Sep 2022лв13.3bлв18.1bлв1.0b13.9x13x0.7x
Tue, 02 Aug 2022лв13.3bлв16.9bлв992.3m14.5x13.4x0.8x
Thu, 30 Jun 2022лв13.5bлв17.1bлв992.1m14.6x13.6x0.8x
Sat, 28 May 2022лв29.6bлв15.8bлв851.6m14.7x34.8x1.9x
Mon, 25 Apr 2022лв29.6bлв15.1bлв866.7m14.6x34.2x2x
Wed, 23 Mar 2022лв29.1bлв15.2bлв864.3m14.9x33.7x1.9x
Fri, 18 Feb 2022лв29.2bлв13.2bлв598.6m15x48.7x2.2x
Sun, 16 Jan 2022лв29.7bлв12.9bлв578.5m17.1x51.4x2.3x
Tue, 14 Dec 2021лв29.2bлв12.9bлв578.6m17.5x50.5x2.3x
Thu, 11 Nov 2021лв29.3bлв12.0bлв488.4m17x60.1x2.4x
Sat, 09 Oct 2021лв28.7bлв11.8bлв474.7m17.9x60.4x2.4x
Mon, 06 Sep 2021лв28.5bлв11.8bлв475.0m16.4x60.1x2.4x
Wed, 04 Aug 2021лв28.2bлв11.8bлв483.2m15.7x58.4x2.4x
Sat, 08 May 2021лв28.2bлв11.3bлв452.7m18x62.2x2.5x
Price to Earnings Ratio

61.2x


Total Market Cap: лв27.7bTotal Earnings: лв452.7mTotal Revenue: лв11.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Market Price to Earnings3Y Average 28.5x202220232024
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 12.6x which is lower than its 3-year average PE of 28.5x.
Past Earnings Growth
  • The earnings for Bulgarian listed companies have grown 39% 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 Market0.73%
Tech10.44%
Consumer Staples1.97%
Real Estate0.78%
Industrials0.51%
Consumer Discretionary0.28%
Energy0%
Telecom-0.50%
Healthcare-0.57%
Financials-1.11%
Utilities-4.42%
Materials-4.95%
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 270x.
    • 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.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 24% 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 ADлв69.003.9%
+лв46.9m
205.3%PE37.1xTech
SFI Sopharma Properties REITлв8.909.9%
+лв17.6m
n/aPB2.2xReal Estate
GR6 Gradus ADлв1.504.9%
+лв16.8m
5.6%PS2.5xConsumer Staples
IHB Industrial Holding Bulgaria ADлв1.807.1%
+лв11.6m
0%PE27.9xIndustrials
PET Petrol ADлв1.3131.0%
+лв8.5m
432.5%PE5.7xConsumer Discretionary
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

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

ALCM

лв6.50

Alcomet AD

7D

-6.5%

1Y

-18.8%

TBD

лв25.20

TPP-Bobov Dol AD

7D

-3.1%

1Y

23.5%

SFI

лв8.90

Sopharma Properties REIT

7D

9.9%

1Y

n/a

IHB

лв1.80

Industrial Holding Bulgaria AD

7D

7.1%

1Y

0%

SFA

лв6.32

Sopharma AD

7D

-2.5%

1Y

21.5%

PET

лв1.31

Petrol AD

7D

31.0%

1Y

432.5%

MSH

лв11.00

M+S Hydraulic AD

7D

-0.9%

1Y

16.4%

NEOH

лв19.35

Neochim AD

7D

-13.2%

1Y

-49.6%

GR6

лв1.50

Gradus AD

7D

4.9%

1Y

5.6%

FIB

лв2.56

First Investment Bank AD

7D

-1.5%

1Y

23.1%

SLYG

лв69.00

Shelly Group AD

7D

3.9%

1Y

205.3%

BACB

лв7.10

Bulgarian-American Credit Bank AD

7D

-7.8%

1Y

n/a