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Bulgarian (SOFIX) Tech Sector Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies9
  • 7D4.1%
  • 3M9.0%
  • 1Y24.4%
  • YTD7.3%

In the last week, the Tech industry is up 2.6%, with Shelly Group up 3.1%. In the last 12 months, the industry was up 21%. Earnings are forecast to grow by 35% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025лв961.7mлв408.3mлв22.9m24.6x42x2.4x
Sun, 19 Jan 2025лв908.5mлв408.3mлв22.9m23.3x39.7x2.2x
Tue, 17 Dec 2024лв884.9mлв408.3mлв22.9m22.2x38.7x2.2x
Thu, 14 Nov 2024лв956.8mлв391.4mлв27.4m21x34.9x2.4x
Sat, 12 Oct 2024лв928.8mлв391.0mлв27.4m20.8x33.9x2.4x
Mon, 09 Sep 2024лв879.9mлв378.0mлв25.9m22.1x34x2.3x
Wed, 07 Aug 2024лв873.7mлв369.7mлв24.8m23.3x35.3x2.4x
Fri, 05 Jul 2024лв1.5bлв461.9mлв45.7m21.3x32.2x3.2x
Sun, 02 Jun 2024лв1.6bлв446.9mлв44.1m36.7x35.5x3.5x
Tue, 30 Apr 2024лв1.4bлв429.8mлв40.0m24.5x36x3.3x
Thu, 28 Mar 2024лв1.4bлв428.6mлв40.1m24.5x35.5x3.3x
Sat, 24 Feb 2024лв1.3bлв374.6mлв31.2m26.9x40.5x3.4x
Mon, 22 Jan 2024лв1.2bлв374.6mлв31.2m25.4x38.4x3.2x
Wed, 20 Dec 2023лв997.1mлв374.6mлв31.2m21.5x31.9x2.7x
Fri, 17 Nov 2023лв973.2mлв349.9mлв19.1m15.5x50.8x2.8x
Sun, 15 Oct 2023лв967.9mлв349.9mлв19.1m15.6x50.6x2.8x
Tue, 12 Sep 2023лв1.0bлв340.7mлв15.9m15.9x63.7x3x
Thu, 10 Aug 2023лв839.4mлв344.9mлв19.9m22.3x42.1x2.4x
Sat, 08 Jul 2023лв680.8mлв343.3mлв20.0m25x34x2x
Mon, 05 Jun 2023лв686.2mлв341.6mлв20.1m18.4x34.1x2x
Wed, 03 May 2023лв588.9mлв336.4mлв20.7m18.1x28.4x1.8x
Fri, 31 Mar 2023лв602.4mлв337.9mлв20.7m18.2x29.1x1.8x
Sun, 26 Feb 2023лв617.5mлв302.4mлв23.3m18.4x26.5x2x
Tue, 24 Jan 2023лв609.5mлв300.6mлв23.0m21.7x26.5x2x
Thu, 22 Dec 2022лв588.7mлв301.0mлв23.0m20.5x25.6x2x
Sat, 19 Nov 2022лв574.5mлв285.0mлв40.0m14.1x14.4x2x
Mon, 17 Oct 2022лв542.1mлв285.0mлв40.0m14.4x13.5x1.9x
Wed, 14 Sep 2022лв574.6mлв297.6mлв39.6m16.4x14.5x1.9x
Fri, 12 Aug 2022лв586.7mлв291.9mлв40.8m14.1x14.4x2x
Sun, 10 Jul 2022лв566.1mлв291.9mлв40.8m14.5x13.9x1.9x
Tue, 07 Jun 2022лв559.9mлв291.9mлв40.8m13.8x13.7x1.9x
Thu, 05 May 2022лв576.0mлв295.8mлв43.4m10.1x13.3x1.9x
Sat, 02 Apr 2022лв592.2mлв295.8mлв43.4m10.7x13.6x2x
Mon, 28 Feb 2022лв584.9mлв301.4mлв34.0m16.5x17.2x1.9x
Price to Earnings Ratio

17.2x


Total Market Cap: лв584.9mTotal Earnings: лв34.0mTotal Revenue: лв301.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian Tech Sector Price to Earnings3Y Average 30.1x202320242025
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 41.3x which is higher than its 3-year average PE of 30.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market0.54%
Tech4.13%
Electronic Equipment and Components4.99%
Software1.21%
Communications0%0
Tech Hardware0%0
Semiconductors0%0
IT-0.66%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 47.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 56% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 35% 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€37.805.0%
+€32.6m		27.5%PE33.7x
WISR Wiser Technology ADлв5.001.2%
+лв980.1k		25.0%PS3.3x
BEE Bee Smart Technologies ADлв6.1017.3%
+лв366.6k		-49.2%PS2x
BDT Biodit ADлв0.712.1%
+лв222.3k		-41.4%PS11x
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TBS

лв9.75

Telelink Business Services Group AD

7D

-0.5%

1Y

4.8%

WISR

лв5.00

Wiser Technology AD

7D

1.2%

1Y

25.0%

BEE

лв6.10

Bee Smart Technologies AD

7D

17.3%

1Y

-49.2%

BDT

лв0.71

Biodit AD

7D

2.1%

1Y

-41.4%

SLYG

€37.80

Shelly Group

7D

5.0%

1Y

27.5%

SGH

лв0.98

Sirma Group Holding AD

7D

-1.0%

1Y

35.2%