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Bulgarian (SOFIX) Real Estate Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies30
- 7D-0.4%
- 3M4.5%
- 1Y5.0%
- YTD2.8%
In the last week, the Real Estate industry is flat overall, with Sopharma Properties REIT standing out by going down 12%. The past year has been better, since the industry has gained 5.0% in that time.
Sector Valuation and Performance
Has the Bulgarian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | лв2.1b | лв141.2m | лв69.3m | 28.4x | 30.9x | 15.2x |
| Tue, 19 Nov 2024 | лв2.1b | лв140.0m | лв81.0m | 20.8x | 25.9x | 15x |
| Thu, 17 Oct 2024 | лв2.1b | лв137.1m | лв80.5m | 20.5x | 26.1x | 15.4x |
| Sat, 14 Sep 2024 | лв2.5b | лв142.7m | лв84.4m | 18.4x | 29.5x | 17.5x |
| Mon, 12 Aug 2024 | лв2.5b | лв141.2m | лв75.3m | 19.5x | 33.9x | 18.1x |
| Wed, 10 Jul 2024 | лв2.5b | лв138.6m | лв73.9m | 20.2x | 34x | 18.1x |
| Fri, 07 Jun 2024 | лв2.0b | лв128.3m | лв73.3m | 19.7x | 27.9x | 15.9x |
| Sun, 05 May 2024 | лв2.0b | лв165.2m | лв66.9m | 25.9x | 30.4x | 12.3x |
| Tue, 02 Apr 2024 | лв2.0b | лв207.1m | лв54.3m | 35.9x | 37.5x | 9.8x |
| Thu, 29 Feb 2024 | лв2.4b | лв207.3m | лв55.2m | 30.7x | 43.9x | 11.7x |
| Sat, 27 Jan 2024 | лв2.5b | лв238.4m | лв162.4m | 18.6x | 15.7x | 10.7x |
| Mon, 25 Dec 2023 | лв2.5b | лв237.6m | лв162.6m | 19.4x | 15.3x | 10.5x |
| Wed, 22 Nov 2023 | лв2.5b | лв225.4m | лв159.3m | 28.3x | 15.7x | 11.1x |
| Fri, 20 Oct 2023 | лв2.5b | лв215.6m | лв154.8m | 34.2x | 16.1x | 11.5x |
| Sun, 17 Sep 2023 | лв2.5b | лв215.2m | лв159.1m | 26.4x | 15.9x | 11.8x |
| Tue, 15 Aug 2023 | лв2.5b | лв215.6m | лв160.7m | 19.7x | 15.7x | 11.7x |
| Thu, 13 Jul 2023 | лв2.5b | лв231.2m | лв162.6m | 19.8x | 15.5x | 10.9x |
| Sat, 10 Jun 2023 | лв2.5b | лв194.3m | лв147.6m | 19.3x | 17x | 12.9x |
| Mon, 08 May 2023 | лв2.5b | лв177.1m | лв149.2m | 27x | 17x | 14.3x |
| Wed, 05 Apr 2023 | лв2.5b | лв141.9m | лв55.3m | 25.5x | 45.5x | 17.7x |
| Fri, 03 Mar 2023 | лв2.5b | лв144.8m | лв68.9m | 20.4x | 36x | 17.1x |
| Sun, 29 Jan 2023 | лв2.5b | лв106.2m | лв41.5m | 21.8x | 59.6x | 23.3x |
| Tue, 27 Dec 2022 | лв2.4b | лв98.8m | лв35.8m | 24.3x | 68.3x | 24.7x |
| Thu, 24 Nov 2022 | лв2.1b | лв95.2m | лв34.3m | 31.7x | 62.6x | 22.6x |
| Sat, 22 Oct 2022 | лв2.1b | лв152.1m | лв44.6m | 27.7x | 46.3x | 13.6x |
| Mon, 19 Sep 2022 | лв2.1b | лв152.1m | лв44.9m | 28x | 46.6x | 13.8x |
| Wed, 17 Aug 2022 | лв2.3b | лв151.6m | лв43.4m | 32.8x | 53x | 15.2x |
| Fri, 15 Jul 2022 | лв2.3b | лв158.1m | лв44.1m | 33x | 52.7x | 14.7x |
| Sun, 12 Jun 2022 | лв18.6b | лв158.8m | лв41.3m | 34.2x | 451.1x | 117.3x |
| Tue, 10 May 2022 | лв18.5b | лв150.2m | лв29.2m | 35.1x | 635x | 123.2x |
| Thu, 07 Apr 2022 | лв18.6b | лв167.5m | лв32.3m | 32.5x | 574.5x | 110.8x |
| Sat, 05 Mar 2022 | лв18.6b | лв174.6m | лв33.6m | 33.8x | 553.2x | 106.5x |
| Mon, 31 Jan 2022 | лв19.0b | лв166.0m | лв31.1m | 26.5x | 611.3x | 114.5x |
| Wed, 29 Dec 2021 | лв18.9b | лв158.6m | лв43.6m | 34.5x | 432.3x | 118.9x |
Price to Earnings Ratio
432.3x
Current Industry PE
- Investors are pessimistic on the Bulgarian Real Estate 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 30.9x which is lower than its 3-year average PE of 118x.
- The 3-year average PS ratio of 31.6x is higher than the industry's current PS ratio of 15.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 17% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.8% 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 Real Estate sector?
| BG Market | 0.58% | |
| Real Estate | -0.36% | |
| Specialized REITs | 1.55% | |
| Real Estate | 0.88% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| Office REITs | 0% | |
| REITS | -2.05% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 25.2x.
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 | |
|---|---|---|---|---|---|
| ATER Advance Terrafund REIT | лв3.28 | 1.5% +лв4.3m | -0.6% | PB0.9x | |
| GTH Galata Investment Company AD | лв2.50 | 2.5% +лв4.1m | 0% | PE1452.8x | |
| SFB Sopharma Buildings REIT-Sofia | лв16.80 | 5.0% +лв3.1m | -14.7% | n/a | |
| ICPD Intercapital Property Development ADSIC | лв0.68 | 13.3% +лв2.2m | n/a | PB0.6x | |
| VAM Velgraf Asset Management AD | лв4.82 | 0.4% +лв1.4m | 3.9% | PE6519.3x |