Improved Revenues Required Before Neochim AD (BUL:NEOH) Stock's 35% Jump Looks Justified
Oct 19
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Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedNov 09, 2024
DataAggregated Company Financials
Companies168
- 7D0.1%
- 3M1.5%
- 1Y12.2%
- YTD10.3%
In the last week, the market has stayed flat, however the Financials sector stood out, gaining 3.5%. Meanwhile, the market is actually up 12% over the past year. Looking forward, earnings are forecast to grow by 32% annually.
Market Valuation and Performance
Has the Bulgarian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 Nov 2024 | лв15.0b | лв12.2b | лв834.9m | 17.2x | 17.9x | 1.2x |
| Mon, 07 Oct 2024 | лв14.7b | лв12.1b | лв849.1m | 18x | 17.4x | 1.2x |
| Wed, 04 Sep 2024 | лв15.1b | лв12.1b | лв861.2m | 15.6x | 17.5x | 1.2x |
| Fri, 02 Aug 2024 | лв15.1b | лв12.0b | лв855.4m | 16.2x | 17.7x | 1.3x |
| Sun, 30 Jun 2024 | лв15.7b | лв12.3b | лв910.4m | 12.6x | 17.2x | 1.3x |
| Tue, 28 May 2024 | лв15.8b | лв16.6b | лв1.1b | 13.4x | 14.1x | 0.9x |
| Thu, 25 Apr 2024 | лв14.9b | лв16.5b | лв1.2b | 13.6x | 12.9x | 0.9x |
| Sat, 23 Mar 2024 | лв15.1b | лв16.8b | лв1.2b | 14.1x | 12.8x | 0.9x |
| Mon, 19 Feb 2024 | лв15.0b | лв16.1b | лв1.1b | 13.9x | 13.7x | 0.9x |
| Wed, 17 Jan 2024 | лв15.9b | лв17.8b | лв1.3b | 11.5x | 12.2x | 0.9x |
| Fri, 15 Dec 2023 | лв15.6b | лв17.7b | лв1.3b | 11.6x | 12x | 0.9x |
| Sun, 12 Nov 2023 | лв15.6b | лв18.9b | лв1.4b | 12.3x | 10.9x | 0.8x |
| Tue, 10 Oct 2023 | лв15.4b | лв18.8b | лв1.4b | 12.7x | 11x | 0.8x |
| Thu, 07 Sep 2023 | лв15.1b | лв18.8b | лв1.4b | 12.1x | 11.1x | 0.8x |
| Sat, 05 Aug 2023 | лв14.7b | лв16.0b | лв1.1b | 13x | 13.5x | 0.9x |
| Mon, 03 Jul 2023 | лв14.3b | лв19.2b | лв1.3b | 13.2x | 10.6x | 0.7x |
| Wed, 31 May 2023 | лв14.3b | лв20.5b | лв1.1b | 13.1x | 13.1x | 0.7x |
| Fri, 28 Apr 2023 | лв13.7b | лв20.4b | лв1.1b | 12.8x | 12.5x | 0.7x |
| Sun, 26 Mar 2023 | лв13.1b | лв20.3b | лв1.0b | 13.4x | 12.8x | 0.6x |
| Tue, 21 Feb 2023 | лв13.7b | лв20.3b | лв1.2b | 13.8x | 11.8x | 0.7x |
| Thu, 19 Jan 2023 | лв13.7b | лв20.2b | лв1.1b | 13.4x | 12.4x | 0.7x |
| Sat, 17 Dec 2022 | лв13.4b | лв20.2b | лв1.1b | 11.9x | 11.9x | 0.7x |
| Mon, 14 Nov 2022 | лв13.1b | лв18.6b | лв1.0b | 12x | 12.8x | 0.7x |
| Wed, 12 Oct 2022 | лв12.8b | лв18.5b | лв1.1b | 12.5x | 12x | 0.7x |
| Fri, 09 Sep 2022 | лв13.3b | лв18.1b | лв1.0b | 13.5x | 13x | 0.7x |
| Sun, 07 Aug 2022 | лв13.4b | лв16.9b | лв979.9m | 14.4x | 13.6x | 0.8x |
| Tue, 05 Jul 2022 | лв13.4b | лв16.9b | лв984.7m | 14.4x | 13.6x | 0.8x |
| Thu, 02 Jun 2022 | лв29.8b | лв15.9b | лв874.5m | 14.4x | 34x | 1.9x |
| Sat, 30 Apr 2022 | лв29.7b | лв15.3b | лв821.8m | 14.8x | 36.2x | 1.9x |
| Mon, 28 Mar 2022 | лв29.5b | лв15.2b | лв864.1m | 15.2x | 34.2x | 1.9x |
| Wed, 23 Feb 2022 | лв29.1b | лв13.2b | лв645.3m | 16.3x | 45x | 2.2x |
| Fri, 21 Jan 2022 | лв29.6b | лв12.9b | лв579.5m | 17x | 51.1x | 2.3x |
| Sun, 19 Dec 2021 | лв29.3b | лв12.9b | лв572.7m | 17.7x | 51.2x | 2.3x |
| Tue, 16 Nov 2021 | лв29.4b | лв12.0b | лв490.4m | 17.4x | 60x | 2.4x |
Price to Earnings Ratio
60x
Current Market PE
- Investors are relatively neutral on the Bulgarian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 19.3x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 19% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Bulgarian Market?
| BG Market | 0.10% | |
| Tech | 2.56% | |
| Materials | 2.14% | |
| Consumer Discretionary | 1.84% | |
| Financials | 1.58% | |
| Energy | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.31% | |
| Telecom | -0.60% | |
| Consumer Staples | -0.94% | |
| Industrials | -0.97% | |
| Healthcare | -1.20% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 8.8x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 2.9% per year.
- In contrast, the Tech sector is expected to see its earnings grow by 32% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SLYG Shelly Group AD | €35.00 | 2.3% +€14.5m | 67.8% | PE30.9x | Tech | |
| BACB Bulgarian-American Credit Bank AD | лв12.10 | 8.0% +лв22.2m | 120.0% | PB0.9x | Financials | |
| TIB Telematic Interactive Bulgaria EAD | лв21.60 | 4.9% +лв13.0m | 53.2% | PE15.4x | Consumer Discretionary | |
| TXIM Texim Bank AD | лв3.52 | 8.6% +лв10.3m | n/a | n/a | Financials | |
| FIB First Investment Bank AD | лв4.00 | 1.5% +лв8.9m | 46.0% | PB0.4x | Financials |
