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SPH

Stara Planina Hold BUL:SPH Stock Report

Last Price

лв9.00

Market Cap

лв187.0m

7D

5.3%

1Y

26.8%

Updated

17 Aug, 2022

Data

Company Financials
SPH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

SPH Stock Overview

Stara Planina Hold Plc manufactures and sells hydraulic systems in Bulgaria.

Stara Planina Hold Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Stara Planina Hold
Historical stock prices
Current Share Priceлв9.00
52 Week Highлв12.00
52 Week Lowлв6.95
Beta0.084
1 Month Change-8.16%
3 Month Change-10.89%
1 Year Change26.76%
3 Year Change76.47%
5 Year Change8.30%
Change since IPO66.11%

Recent News & Updates

May 26
Stara Planina Hold (BUL:SPH) Is Increasing Its Dividend To лв0.30

Stara Planina Hold (BUL:SPH) Is Increasing Its Dividend To лв0.30

Stara Planina Hold Plc's ( BUL:SPH ) dividend will be increasing on the 15th of July to лв0.30, with investors...

Shareholder Returns

SPHBG MachineryBG Market
7D5.3%1.6%-0.2%
1Y26.8%15.9%7.9%

Return vs Industry: SPH exceeded the BG Machinery industry which returned 13.3% over the past year.

Return vs Market: SPH exceeded the BG Market which returned 8.3% over the past year.

Price Volatility

Is SPH's price volatile compared to industry and market?
SPH volatility
SPH Average Weekly Movement7.5%
Machinery Industry Average Movement5.6%
Market Average Movement5.2%
10% most volatile stocks in BG Market8.8%
10% least volatile stocks in BG Market2.6%

Stable Share Price: SPH is more volatile than 75% of BG stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SPH's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of BG stocks.

About the Company

FoundedEmployeesCEOWebsite
19962,369n/ahttps://www.sphold.com

Stara Planina Hold Plc manufactures and sells hydraulic systems in Bulgaria. It offers hydraulic motors, hydrostatic steering units, brakes, and accessories; plunger, piston, telescopic, and rack cylinders; and starter, traction, and stationary batteries, as well as accumulators. The company also provides essential oils, and perfumery and cosmetic products, such as facial and body creams, shampoos, conditioners, body lotions, glycerin soaps, and others.

Stara Planina Hold Fundamentals Summary

How do Stara Planina Hold's earnings and revenue compare to its market cap?
SPH fundamental statistics
Market Capлв186.97m
Earnings (TTM)лв13.29m
Revenue (TTM)лв302.34m

14.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPH income statement (TTM)
Revenueлв302.34m
Cost of Revenueлв176.37m
Gross Profitлв125.97m
Other Expensesлв112.68m
Earningsлв13.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.64
Gross Margin41.66%
Net Profit Margin4.40%
Debt/Equity Ratio1.8%

How did SPH perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

39%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SPH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPH?

Other financial metrics that can be useful for relative valuation.

SPH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SPH's PE Ratio compare to its peers?

SPH PE Ratio vs Peers
The above table shows the PE ratio for SPH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.3x
HES Hydraulic Elements and Systems AD
13.8xn/aлв123.7m
MSH M+S Hydraulic AD
15.5xn/aлв351.0m
IHB Industrial Holding Bulgaria AD
7.6xn/aлв197.5m
MONB Monbat AD
84.2xn/aлв198.8m
SPH Stara Planina Hold
14.1xn/aлв187.0m

Price-To-Earnings vs Peers: SPH is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (30.3x).


Price to Earnings Ratio vs Industry

How does SPH's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: SPH is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the BG Machinery industry average (13.6x)


Price to Earnings Ratio vs Fair Ratio

What is SPH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPH's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SPH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPH (BGN9) is trading above our estimate of fair value (BGN1.96)

Significantly Below Fair Value: SPH is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Stara Planina Hold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stara Planina Hold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Stara Planina Hold performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPH has high quality earnings.

Growing Profit Margin: SPH's current net profit margins (4.4%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: SPH's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: SPH's earnings growth over the past year (41%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: SPH earnings growth over the past year (41%) exceeded the Machinery industry 28.4%.


Return on Equity

High ROE: SPH's Return on Equity (14.3%) is considered low.


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Financial Health

How is Stara Planina Hold's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPH's short term assets (BGN142.2M) exceed its short term liabilities (BGN49.2M).

Long Term Liabilities: SPH's short term assets (BGN142.2M) exceed its long term liabilities (BGN7.0M).


Debt to Equity History and Analysis

Debt Level: SPH has more cash than its total debt.

Reducing Debt: SPH's debt to equity ratio has increased from 1.3% to 1.8% over the past 5 years.

Debt Coverage: SPH's debt is well covered by operating cash flow (502.5%).

Interest Coverage: SPH earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Stara Planina Hold current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SPH's dividend (2.77%) is higher than the bottom 25% of dividend payers in the BG market (1.41%).

High Dividend: SPH's dividend (2.77%) is low compared to the top 25% of dividend payers in the BG market (6.08%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SPH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SPH's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.9%), SPH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (3360.6%), SPH's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Stara Planina Hold has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Stara Planina Hold Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Stara Planina Hold Plc
  • Ticker: SPH
  • Exchange: BUL
  • Founded: 1996
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: лв186.972m
  • Shares outstanding: 20.77m
  • Website: https://www.sphold.com

Number of Employees


Location

  • Stara Planina Hold Plc
  • 20, Frederic Joliot Curie Street
  • 9th Floor
  • Sofia
  • 1113
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.