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Bulgarian (SOFIX) Capital Markets Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies33
- 7D1.0%
- 3M5.3%
- 1Y9.9%
- YTD11.3%
In the last week, the Capital Markets industry is up 1.5%, with Chernomorski Holding AD up 8.9%. Meanwhile, HR Capital AD actually underperformed within the industry, shrinking 7.3% in the last week. This means that the industry has gained 9.7% over the past year.
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 |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | лв1.3b | лв146.1m | лв44.4m | 30.3x | 30.2x | 9.2x |
| Sat, 22 Nov 2025 | лв1.4b | лв145.2m | лв49.0m | 31.3x | 28.2x | 9.5x |
| Mon, 20 Oct 2025 | лв1.5b | лв146.2m | лв51.4m | 27.5x | 29x | 10.2x |
| Wed, 17 Sep 2025 | лв1.5b | лв136.8m | лв41.6m | 31.7x | 35.8x | 10.9x |
| Fri, 15 Aug 2025 | лв1.5b | лв133.4m | лв54.2m | 40.4x | 26.9x | 10.9x |
| Sun, 13 Jul 2025 | лв1.4b | лв117.4m | лв29.3m | 40.5x | 47.5x | 11.8x |
| Tue, 10 Jun 2025 | лв1.3b | лв115.4m | лв29.0m | 39.6x | 45.9x | 11.5x |
| Thu, 08 May 2025 | лв1.2b | лв120.4m | лв26.9m | 35.2x | 43.3x | 9.7x |
| Sat, 05 Apr 2025 | лв1.2b | лв137.0m | лв38.2m | 28.3x | 31.6x | 8.8x |
| Mon, 03 Mar 2025 | лв1.2b | лв135.1m | лв38.2m | 20x | 31.7x | 9x |
| Wed, 29 Jan 2025 | лв1.1b | лв132.8m | лв36.1m | 20.6x | 31.8x | 8.6x |
| Fri, 27 Dec 2024 | лв1.2b | лв132.8m | лв36.1m | 20.1x | 32.2x | 8.7x |
| Sun, 24 Nov 2024 | лв1.1b | лв129.6m | лв29.3m | 12.7x | 38.3x | 8.7x |
| Tue, 22 Oct 2024 | лв1.1b | лв125.7m | лв24.8m | 12.6x | 46.1x | 9.1x |
| Thu, 19 Sep 2024 | лв1.1b | лв125.8m | лв23.1m | 12.5x | 46.3x | 8.5x |
| Sat, 17 Aug 2024 | лв1.0b | лв126.1m | лв25.8m | 19.3x | 39.9x | 8.2x |
| Mon, 15 Jul 2024 | лв997.1m | лв127.1m | лв26.8m | 19.5x | 37.1x | 7.8x |
| Wed, 12 Jun 2024 | лв1.1b | лв123.9m | лв29.6m | 19.1x | 36.8x | 8.8x |
| Fri, 10 May 2024 | лв1.1b | лв112.8m | лв27.2m | 11.7x | 39.5x | 9.5x |
| Sun, 07 Apr 2024 | лв1.1b | лв112.1m | лв29.3m | 15.7x | 36.8x | 9.6x |
| Tue, 05 Mar 2024 | лв1.0b | лв112.2m | лв22.5m | 12.6x | 44.4x | 8.9x |
| Thu, 01 Feb 2024 | лв1.1b | лв112.1m | лв21.9m | 11x | 47.9x | 9.4x |
| Sat, 30 Dec 2023 | лв1.0b | лв112.2m | лв21.7m | 8.8x | 48.1x | 9.3x |
| Mon, 27 Nov 2023 | лв1.0b | лв112.3m | лв20.1m | 12.2x | 51x | 9.1x |
| Wed, 25 Oct 2023 | лв1.0b | лв112.9m | лв20.8m | 12.5x | 50.2x | 9.2x |
| Fri, 22 Sep 2023 | лв1.0b | лв109.8m | лв21.2m | 12.6x | 48.5x | 9.4x |
| Sun, 20 Aug 2023 | лв1.0b | лв109.0m | лв22.3m | 19.3x | 45.3x | 9.3x |
| Tue, 18 Jul 2023 | лв972.1m | лв108.3m | лв21.0m | 20x | 46.2x | 9x |
| Thu, 15 Jun 2023 | лв938.5m | лв101.6m | лв13.3m | 12.1x | 70.8x | 9.2x |
| Sat, 13 May 2023 | лв926.5m | лв101.6m | лв12.8m | 12.5x | 72.6x | 9.1x |
| Mon, 10 Apr 2023 | лв894.8m | лв93.0m | лв4.6m | 19.2x | 193.6x | 9.6x |
| Wed, 08 Mar 2023 | лв890.7m | лв94.6m | лв3.0m | 20.6x | 295x | 9.4x |
| Fri, 03 Feb 2023 | лв896.1m | лв96.9m | лв14.1m | 31.6x | 63.7x | 9.3x |
| Sun, 01 Jan 2023 | лв848.4m | лв101.7m | лв23.6m | 8.8x | 35.9x | 8.3x |
Price to Earnings Ratio
35.9x
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 30.2x which is lower than its 3-year average PE of 55.7x.
- The industry is trading close to its 3-year average PS ratio of 9.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Bulgarian Financials industry?
| BG Market | 1.51% | |
| Financials | 1.95% | |
| Capital Markets | 0.97% | |
| Asset Management | 0.98% | |
| Financial Exchanges and Data | 0.93% | |
| Investment Banking and Brokerage | 0% | 0 |
Industry PE
- Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 67.4x.
- 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, which is trading close to its 3-year average of 9.2x.
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 | |
|---|---|---|---|---|---|
| CHL Chernomorski Holding AD | лв22.00 | 8.9% +лв5.9m | 0% | PB1.1x | |
| HSOF Holding Sveta Sofia AD | лв3.98 | 7.6% +лв2.8m | 10.6% | PS12.2x | |
| HLEV Zlaten Lev Holding | лв4.90 | 7.5% +лв2.2m | 5.6% | n/a | |
| NAD NIC Nadejda AD | лв1.00 | 63.9% +лв1.5m | 51.5% | n/a | |
| BHC Bulgarian Holding Company AD | лв1.00 | 25.0% +лв1.3m | 14.3% | n/a |