Bulgarian Stock Exchange AD, together with its subsidiaries, operates as a stock exchange in Bulgaria.
Bulgarian Stock Exchange AD Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||лв9.50|
|52 Week High||лв4.00|
|52 Week Low||лв9.50|
|1 Month Change||17.28%|
|3 Month Change||52.00%|
|1 Year Change||119.91%|
|3 Year Change||57.03%|
|5 Year Change||302.54%|
|Change since IPO||281.83%|
Recent News & Updates
|BSE||BG Capital Markets||BG Market|
Return vs Industry: BSE exceeded the BG Capital Markets industry which returned 13.2% over the past year.
Return vs Market: BSE exceeded the BG Market which returned 4.4% over the past year.
Stable Share Price: BSE is not significantly more volatile than the rest of BG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BSE's weekly volatility (5%) has been stable over the past year.
About the Company
Bulgarian Stock Exchange AD, together with its subsidiaries, operates as a stock exchange in Bulgaria. It operates through Trading in Financial Instruments, Information Services, Registration and Maintenance of Issues for Trading Regulated Market, and Electricity Trade segments. It offers T7, an electronic trading platform for cash market trading in equities and various other instruments, including exchange traded funds (ETFs), exchange traded products (ETPs), mutual funds, bonds, warrants, certificates, and subscription rights; and BSE indices, such as SOFIX, BGBX40, BGTR30, and BGREIT.
Bulgarian Stock Exchange AD Fundamentals Summary
|BSE fundamental statistics|
Is BSE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BSE income statement (TTM)|
|Cost of Revenue||лв141.00k|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.84|
|Net Profit Margin||38.83%|
How did BSE perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is Bulgarian Stock Exchange AD undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSE (BGN9.5) is trading below our estimate of fair value (BGN10.91)
Significantly Below Fair Value: BSE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BSE is good value based on its PE Ratio (11.3x) compared to the BG Capital Markets industry average (15.9x).
PE vs Market: BSE is good value based on its PE Ratio (11.3x) compared to the BG market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BSE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSE is overvalued based on its PB Ratio (2.5x) compared to the BG Capital Markets industry average (1.3x).
How is Bulgarian Stock Exchange AD forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials 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 Bulgarian Stock Exchange AD 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.
How has Bulgarian Stock Exchange AD performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSE has high quality earnings.
Growing Profit Margin: BSE's current net profit margins (38.8%) are higher than last year (24.7%).
Past Earnings Growth Analysis
Earnings Trend: BSE has become profitable over the past 5 years, growing earnings by 40.1% per year.
Accelerating Growth: BSE's earnings growth over the past year (104.1%) exceeds its 5-year average (40.1% per year).
Earnings vs Industry: BSE earnings growth over the past year (104.1%) exceeded the Capital Markets industry 38.4%.
Return on Equity
High ROE: BSE's Return on Equity (21.8%) is considered high.
How is Bulgarian Stock Exchange AD's financial position?
Financial Position Analysis
Short Term Liabilities: BSE's short term assets (BGN184.6M) exceed its short term liabilities (BGN168.3M).
Long Term Liabilities: BSE's short term assets (BGN184.6M) exceed its long term liabilities (BGN802.0K).
Debt to Equity History and Analysis
Debt Level: BSE is debt free.
Reducing Debt: BSE had no debt 5 years ago.
Debt Coverage: BSE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BSE has no debt, therefore coverage of interest payments is not a concern.
What is Bulgarian Stock Exchange AD current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BSE's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the BG market (1.39%).
High Dividend: BSE's dividend (0.84%) is low compared to the top 25% of dividend payers in the BG market (5.33%).
Stability and Growth of Payments
Stable Dividend: BSE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BSE's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.5%), BSE's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Assoc. Prof. Manyu Todorov Moravenov, Ph D., serves as Executive Director at Bulgarian Stock Exchange AD since September 17, 2019 and also serves as its Chief Executive officer since September 2019. He ser...
Experienced Board: BSE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bulgarian Stock Exchange AD's employee growth, exchange listings and data sources
- Name: Bulgarian Stock Exchange AD
- Ticker: BSE
- Exchange: BUL
- Founded: 1991
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: лв62.347m
- Shares outstanding: 6.56m
- Website: https://www.bse-sofia.bg
Number of Employees
- Bulgarian Stock Exchange AD
- Sofia 6 Tri ushi Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 21:39|
|End of Day Share Price||2021/09/23 00:00|
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.