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Bulgarian (SOFIX) Food Industry Analysis

UpdatedDec 08, 2023
DataAggregated Company Financials
Companies9
  • 7D0.4%
  • 3M-7.6%
  • 1Y0.2%
  • YTD5.1%

In the last week, the Food industry is up 1.3%, with Gradus AD leading the way, up 1.4%. During this same period, the Zaharni Zavodi AD underperformed, falling 10.0%. In the last 12 months, the industry was up 3.5%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Bulgarian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 Dec 2023лв700.8mлв626.9mлв25.6m13.1x27.4x1.1x
Sun, 05 Nov 2023лв682.2mлв650.5mлв38.7m12.8x17.6x1x
Tue, 03 Oct 2023лв670.0mлв636.4mлв37.4m14.5x17.9x1.1x
Thu, 31 Aug 2023лв507.1mлв584.4mлв33.2m15.8x15.3x0.9x
Sat, 29 Jul 2023лв525.7mлв589.8mлв35.6m15.9x14.8x0.9x
Mon, 26 Jun 2023лв520.1mлв596.2mлв37.4m14.9x13.9x0.9x
Wed, 24 May 2023лв510.3mлв591.6mлв45.8m6.3x11.1x0.9x
Fri, 21 Apr 2023лв506.8mлв591.6mлв45.8m7.1x11.1x0.9x
Sun, 19 Mar 2023лв523.7mлв595.1mлв64.9m8.5x8.1x0.9x
Tue, 14 Feb 2023лв505.8mлв566.1mлв51.1m11.6x9.9x0.9x
Thu, 12 Jan 2023лв487.9mлв565.2mлв51.1m11x9.5x0.9x
Sat, 10 Dec 2022лв495.1mлв596.0mлв51.1m11.8x9.7x0.8x
Mon, 07 Nov 2022лв468.7mлв585.0mлв45.6m7.1x10.3x0.8x
Wed, 05 Oct 2022лв477.9mлв585.0mлв45.6m6.3x10.5x0.8x
Fri, 02 Sep 2022лв525.5mлв570.8mлв39.1m8.5x13.5x0.9x
Sun, 31 Jul 2022лв522.7mлв572.8mлв36.7m9.4x14.3x0.9x
Tue, 28 Jun 2022лв549.9mлв572.8mлв36.7m9.6x15x1x
Thu, 26 May 2022лв524.9mлв531.5mлв36.7m11.2x14.3x1x
Sat, 23 Apr 2022лв502.9mлв523.4mлв39.2m7.9x12.8x1x
Mon, 21 Mar 2022лв493.2mлв523.4mлв39.2m6.5x12.6x0.9x
Wed, 16 Feb 2022лв462.9mлв493.9mлв46.3m5.5x10x0.9x
Fri, 14 Jan 2022лв497.4mлв493.9mлв46.3m6x10.7x1x
Sun, 12 Dec 2021лв483.4mлв493.8mлв46.3m5.9x10.4x1x
Tue, 09 Nov 2021лв493.8mлв459.7mлв29.4m13.3x16.8x1.1x
Thu, 07 Oct 2021лв486.8mлв459.7mлв29.4m13.3x16.6x1.1x
Sat, 04 Sep 2021лв532.3mлв459.7mлв29.4m13.3x18.1x1.2x
Mon, 02 Aug 2021лв521.6mлв459.7mлв29.4m12.2x17.8x1.1x
Thu, 06 May 2021лв569.5mлв431.9mлв24.5m22x23.2x1.3x
Sun, 07 Feb 2021лв540.6mлв446.8mлв25.2m35.1x21.4x1.2x
Price to Earnings Ratio

21x


Total Market Cap: лв530.5mTotal Earnings: лв25.2mTotal Revenue: лв446.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Food Industry Price to Earnings3Y Average 15x20222023
Current Industry PE
  • Investors are optimistic on the Bulgarian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.6x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Food industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Bulgarian Consumer Staples industry?

BG Market-0.18%
Consumer Staples0.27%
Food0.41%
Agricultural Products1.67%
Packaged Foods and Meats0.37%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 17.0x.
    • Analysts are expecting annual earnings growth of 23.9%, which is lower than the prior year's growth of 37.6% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.6x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Packaged Foods and Meats industry 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 Price7D1YValuation
ZHBG Zarneni Hrani Bulgaria ADлв0.121.7%
+лв391.3k		-27.8%PE7.7x
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BGAG

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1Y

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