Header cover image

Bulgarian (SOFIX) Tech Sector Analysis

UpdatedMay 10, 2024
DataAggregated Company Financials
Companies8
  • 7D1.9%
  • 3M15.7%
  • 1Y146.4%
  • YTD35.7%

Over the last 7 days, the Tech industry has risen 1.3%, driven by gains from Shelly Group AD of 1.5%. Meanwhile, Biodit AD actually underperformed within the industry, shrinking 7.0% in the last week. This means that the industry has gained 142% over the past year. Looking forward, earnings are forecast to grow by 29% annually.

Sector Valuation and Performance

Has the Bulgarian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 May 2024лв1.5bлв429.8mлв40.0m24.6x36.7x3.4x
Sun, 07 Apr 2024лв1.4bлв429.8mлв40.0m24.3x35.4x3.3x
Tue, 05 Mar 2024лв1.3bлв427.0mлв40.1m22.2x31.5x3x
Thu, 01 Feb 2024лв1.3bлв374.6mлв31.2m26.8x40.7x3.4x
Sat, 30 Dec 2023лв1.1bлв374.6mлв31.2m22.7x33.9x2.8x
Mon, 27 Nov 2023лв941.3mлв359.4mлв21.9m15.5x43x2.6x
Wed, 25 Oct 2023лв956.2mлв349.9mлв19.1m15.6x50x2.7x
Fri, 22 Sep 2023лв958.3mлв349.9mлв19.1m16.1x50.1x2.7x
Sun, 20 Aug 2023лв850.9mлв344.9mлв19.9m22.4x42.7x2.5x
Tue, 18 Jul 2023лв692.4mлв344.9mлв19.9m18.8x34.8x2x
Thu, 15 Jun 2023лв694.6mлв342.9mлв20.1m25.3x34.6x2x
Sat, 13 May 2023лв590.8mлв336.4mлв20.7m17x28.5x1.8x
Mon, 10 Apr 2023лв604.6mлв336.4mлв20.7m18.4x29.2x1.8x
Wed, 08 Mar 2023лв610.2mлв338.5mлв20.7m18.5x29.4x1.8x
Fri, 03 Feb 2023лв608.2mлв302.4mлв23.3m18.1x26.1x2x
Sun, 01 Jan 2023лв596.8mлв300.6mлв23.0m20.9x25.9x2x
Tue, 29 Nov 2022лв576.8mлв294.8mлв42.9m13.6x13.4x2x
Thu, 27 Oct 2022лв554.9mлв285.0mлв40.0m14.4x13.9x1.9x
Sat, 24 Sep 2022лв560.8mлв285.0mлв40.0m15.2x14x2x
Mon, 22 Aug 2022лв591.2mлв291.9mлв40.8m14.7x14.5x2x
Wed, 20 Jul 2022лв560.6mлв291.9mлв40.8m14.1x13.8x1.9x
Fri, 17 Jun 2022лв561.1mлв291.9mлв40.8m13.7x13.8x1.9x
Sun, 15 May 2022лв550.5mлв295.8mлв43.4m10x12.7x1.9x
Tue, 12 Apr 2022лв584.5mлв295.8mлв43.4m10.5x13.5x2x
Thu, 10 Mar 2022лв562.6mлв295.8mлв43.4m11.1x13x1.9x
Sat, 05 Feb 2022лв594.0mлв301.4mлв34.0m17x17.5x2x
Mon, 03 Jan 2022лв690.2mлв300.9mлв34.2m24x20.2x2.3x
Wed, 01 Dec 2021лв696.2mлв294.1mлв35.6m24.4x19.6x2.4x
Fri, 29 Oct 2021лв577.1mлв296.1mлв34.9m19.4x16.5x1.9x
Sun, 26 Sep 2021лв619.1mлв261.9mлв33.2m21.9x18.7x2.4x
Tue, 24 Aug 2021лв540.7mлв261.7mлв33.4m19.5x16.2x2.1x
Wed, 30 Jun 2021лв531.6mлв261.9mлв33.2m18.7x16x2x
Price to Earnings Ratio

15.4x


Total Market Cap: лв509.6mTotal Earnings: лв33.1mTotal Revenue: лв261.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Tech Sector Price to Earnings3Y Average 25.5x202220232024
Current Industry PE
  • Investors are optimistic on the Bulgarian Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.5x which is higher than its 3-year average PE of 25.5x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 6.5% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Tech sector?

BG Market1.02%
Tech1.86%
Tech Hardware12.67%
IT3.22%
Electronic Equipment and Components1.73%
Software0%
Communications0%
Semiconductors0%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 29.4%, which is lower than the prior year's growth of 92.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 93% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 29% 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
SLYG Shelly Group ADлв69.201.8%
+лв21.7m		211.7%PE37.2x
SGH Sirma Group Holding ADлв0.8517.9%
+лв7.4m		32.6%PS0.6x
SBS Specialized Business Systems ADлв1.6912.7%
+лв190.0k		-0.6%PS0.3x
PTP Plovdiv Tech Park ADлв0.1411.5%
+лв78.8k		n/an/a
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
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.

Latest News

SGH

лв0.85

Sirma Group Holding AD

7D

17.9%

1Y

32.6%

SBS

лв1.69

Specialized Business Systems AD

7D

12.7%

1Y

-0.6%

SLYG

лв69.20

Shelly Group AD

7D

1.8%

1Y

211.7%

TBS

лв8.70

Telelink Business Services Group AD

7D

-2.2%

1Y

-5.4%

PTP

лв0.14

Plovdiv Tech Park AD

7D

11.5%

1Y

n/a