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Bulgarian (SOFIX) Tech Sector Analysis

UpdatedSep 23, 2023
DataAggregated Company Financials
Companies8
  • 7D1.2%
  • 3M42.6%
  • 1Y74.9%
  • YTD61.4%

In the last week, the Tech industry is up 1.2%, with Shelly Group AD up 1.7%. In the last 12 months, the industry was up 75%. As for the next few years, earnings are expected to grow by 39% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Sep 2023лв981.7mлв349.9mлв19.1m16.1x51.3x2.8x
Mon, 21 Aug 2023лв850.9mлв344.9mлв19.9m22.4x42.7x2.5x
Wed, 19 Jul 2023лв696.4mлв344.9mлв19.9m18.9x35x2x
Fri, 16 Jun 2023лв698.0mлв342.9mлв20.1m25.4x34.8x2x
Sun, 14 May 2023лв590.8mлв336.4mлв20.7m17x28.5x1.8x
Tue, 11 Apr 2023лв604.6mлв336.4mлв20.7m18.4x29.2x1.8x
Thu, 09 Mar 2023лв609.7mлв338.5mлв20.7m18.4x29.4x1.8x
Sat, 04 Feb 2023лв599.3mлв302.4mлв23.3m17.9x25.7x2x
Mon, 02 Jan 2023лв596.6mлв300.6mлв23.0m20.9x25.9x2x
Wed, 30 Nov 2022лв578.3mлв294.8mлв42.9m13.8x13.5x2x
Fri, 28 Oct 2022лв558.1mлв285.0mлв40.0m14.3x14x2x
Sun, 25 Sep 2022лв560.8mлв285.0mлв40.0m15.2x14x2x
Tue, 23 Aug 2022лв583.9mлв291.9mлв40.8m14.7x14.3x2x
Thu, 21 Jul 2022лв561.2mлв291.9mлв40.8m14.2x13.8x1.9x
Sat, 18 Jun 2022лв567.5mлв291.9mлв40.8m14.2x13.9x1.9x
Mon, 16 May 2022лв550.5mлв295.8mлв43.4m10x12.7x1.9x
Wed, 13 Apr 2022лв597.0mлв295.8mлв43.4m10.5x13.8x2x
Fri, 11 Mar 2022лв568.6mлв295.8mлв43.4m11.1x13.1x1.9x
Sun, 06 Feb 2022лв594.0mлв301.4mлв34.0m17x17.5x2x
Tue, 04 Jan 2022лв690.2mлв300.9mлв34.2m24x20.2x2.3x
Thu, 02 Dec 2021лв683.5mлв294.1mлв35.6m23.7x19.2x2.3x
Sat, 30 Oct 2021лв597.9mлв296.1mлв34.9m19.8x17.1x2x
Mon, 27 Sep 2021лв619.1mлв261.9mлв33.2m21.9x18.7x2.4x
Wed, 25 Aug 2021лв543.9mлв261.7mлв33.4m19.4x16.3x2.1x
Thu, 01 Jul 2021лв531.6mлв261.9mлв33.2m18.7x16x2x
Sun, 04 Apr 2021лв451.0mлв261.9mлв33.1m14.7x13.6x1.7x
Wed, 06 Jan 2021лв312.8mлв251.5mлв29.4m12.2x10.7x1.2x
Sat, 10 Oct 2020лв234.3mлв236.6mлв21.3m13.5x11x1x
Price to Earnings Ratio

11x


Total Market Cap: лв234.3mTotal Earnings: лв21.3mTotal Revenue: лв236.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Tech Sector Price to Earnings3Y Average 19.7x202120222023
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 51.3x which is higher than its 3-year average PE of 19.7x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 3.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Bulgarian Tech sector?

BG Market-0.33%
Tech1.24%
Electronic Equipment and Components1.61%
Software0%
Communications0%
Tech Hardware0%
Semiconductors0%
IT-0.36%
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 38.5%, which is lower than the prior year's growth of 49.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 49% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 39% 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 ADлв42.901.7%
+лв12.6m		152.4%PE33.9x
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Latest News

SLYG

лв42.90

Shelly Group AD

7D

1.7%

1Y

152.4%

SGH

лв0.71

Sirma Group Holding AD

7D

-1.4%

1Y

-10.7%