HR Capital AD's (BUL:HRC) Shares Climb 50% But Its Business Is Yet to Catch Up
Jan 24
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Bulgarian (SOFIX) Capital Markets Industry Analysis
UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies33
- 7D0.2%
- 3M16.5%
- 1Y24.0%
- YTD15.4%
The Capital Markets is pretty flat in the last 7 days, but HR Capital AD has stood out, gaining 4.9%. As for the the longer term, the industry is up 24% over the past 12 months.
Industry Valuation and Performance
Has the Bulgarian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | лв755.0m | лв22.5m | лв17.5m | 42.2x | 43.1x | 33.6x |
| Wed, 07 Jan 2026 | лв928.4m | лв75.4m | лв22.8m | 45.9x | 40.7x | 12.3x |
| Fri, 05 Dec 2025 | лв1.4b | лв147.8m | лв49.2m | 30.3x | 28.6x | 9.5x |
| Sun, 02 Nov 2025 | лв1.3b | лв146.4m | лв51.5m | 29.6x | 26x | 9.1x |
| Tue, 30 Sep 2025 | лв1.5b | лв136.9m | лв41.6m | 31.7x | 35.5x | 10.8x |
| Thu, 28 Aug 2025 | лв1.5b | лв133.4m | лв54.2m | 40.4x | 27.1x | 11x |
| Sat, 26 Jul 2025 | лв1.5b | лв132.4m | лв39.5m | 42x | 36.9x | 11x |
| Mon, 23 Jun 2025 | лв1.4b | лв117.4m | лв29.3m | 40.1x | 47x | 11.7x |
| Wed, 21 May 2025 | лв1.2b | лв119.6m | лв26.9m | 37.8x | 44.2x | 9.9x |
| Fri, 18 Apr 2025 | лв1.2b | лв121.0m | лв26.2m | 33.9x | 46.1x | 10x |
| Sun, 16 Mar 2025 | лв1.2b | лв134.5m | лв38.2m | 27x | 31x | 8.8x |
| Tue, 11 Feb 2025 | лв1.2b | лв135.1m | лв38.3m | 20.1x | 30.8x | 8.7x |
| Thu, 09 Jan 2025 | лв1.1b | лв132.8m | лв36.1m | 20.2x | 31.8x | 8.6x |
| Sat, 07 Dec 2024 | лв1.1b | лв132.8m | лв36.1m | 19.5x | 31.2x | 8.5x |
| Mon, 04 Nov 2024 | лв1.1b | лв129.7m | лв28.8m | 12.7x | 39.6x | 8.8x |
| Wed, 02 Oct 2024 | лв1.1b | лв125.8m | лв23.3m | 12.7x | 46.4x | 8.6x |
| Fri, 30 Aug 2024 | лв1.1b | лв126.2m | лв24.8m | 12x | 43.2x | 8.5x |
| Sun, 28 Jul 2024 | лв999.9m | лв127.1m | лв26.9m | 19.6x | 37.2x | 7.9x |
| Tue, 25 Jun 2024 | лв1.1b | лв125.7m | лв28.4m | 12.6x | 38.5x | 8.7x |
| Thu, 23 May 2024 | лв1.1b | лв112.8m | лв29.0m | 19.1x | 37.8x | 9.7x |
| Sat, 20 Apr 2024 | лв1.1b | лв113.0m | лв29.1m | 12.8x | 36.5x | 9.4x |
| Mon, 18 Mar 2024 | лв1.0b | лв112.0m | лв27.9m | 13.7x | 37x | 9.2x |
| Wed, 14 Feb 2024 | лв1.0b | лв112.2m | лв22.5m | 12.3x | 45.4x | 9.1x |
| Fri, 12 Jan 2024 | лв1.1b | лв112.1m | лв21.9m | 11x | 48.1x | 9.4x |
| Sun, 10 Dec 2023 | лв1.0b | лв110.6m | лв23.0m | 12.4x | 44.6x | 9.3x |
| Tue, 07 Nov 2023 | лв1.0b | лв112.3m | лв20.1m | 12.4x | 52.2x | 9.4x |
| Thu, 05 Oct 2023 | лв1.0b | лв109.8m | лв21.2m | 12.2x | 49.2x | 9.5x |
| Sat, 02 Sep 2023 | лв1.1b | лв108.8m | лв23.5m | 18.2x | 44.9x | 9.7x |
| Mon, 31 Jul 2023 | лв980.7m | лв107.7m | лв21.0m | 20.3x | 46.7x | 9.1x |
| Wed, 28 Jun 2023 | лв939.0m | лв101.6m | лв13.3m | 12.2x | 70.8x | 9.2x |
| Fri, 26 May 2023 | лв921.7m | лв101.8m | лв12.9m | 12.8x | 71.6x | 9.1x |
| Sun, 23 Apr 2023 | лв920.6m | лв94.2m | лв5.7m | 14.4x | 161.4x | 9.8x |
| Tue, 21 Mar 2023 | лв895.1m | лв94.2m | лв3.0m | 18.9x | 296.5x | 9.5x |
| Thu, 16 Feb 2023 | лв890.5m | лв94.4m | лв5.0m | 19.5x | 177.3x | 9.4x |
Price to Earnings Ratio
177.3x
Current Industry PE
- Investors are pessimistic on the Bulgarian Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 43.0x which is lower than its 3-year average PE of 54.9x.
- The industry's 3-year average PS ratio of 9.4x is exceeded by the industry's current PS ratio of 33.6x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 52% per year over the last three years.
- Meanwhile revenues for these companies have declined 38% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Bulgarian Financials industry?
| BG Market | 0.11% | |
| Financials | -0.65% | |
| Capital Markets | 0.23% | |
| Asset Management | 0.27% | |
| Financial Exchanges and Data | 0% | 0 |
| Investment Banking and Brokerage | 0% | 0 |
Industry PE
- Investors are most optimistic about the Asset Management industry, which is trading close to its 3-year average PE ratio of 69.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Financial Exchanges and Data industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.3x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NIS Immovable Properties Sofia REIT Sofia | €4.42 | 95.8% +€1.4m | 2.6% | n/a | |
| HRC HR Capital AD | €3.84 | 3.8% +€1.3m | 193.3% | PE25.3x | |
| HREP Republica Holding AD | €1.38 | 3.8% +€734.5k | 34.9% | n/a | |
| WIN Webit Investment Network AD | €0.63 | 6.8% +€624.5k | 15.1% | n/a | |
| SNRG Synergon Holding AD | €0.57 | 4.5% +€459.0k | 14.1% | n/a |