HVAR Stock Overview

Manages a portfolio of investments in commercial companies that provide Bulgarian and foreign consumers with products and services in the field of tourism, finance, design, media, and communications. More details

HVAR fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings grew by 141.5% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Holding Varna AD Competitors

Capital Management SPV

BUL:CAPM

лв147.7m

Sila Holding AD

BUL:HSI

лв112.8m

Chernomorski Holding AD

BUL:CHL

лв67.1m

Bulgarian Private Equity Fund AD

BUL:BPEF

лв41.4m

Price History & Performance

Summary of share price highs, lows and changes for Holding Varna AD
Historical stock prices
Current Share Price	лв46.40
52 Week High	лв46.40
52 Week Low	лв43.60
Beta	0.058
1 Month Change	0.43%
3 Month Change	2.65%
1 Year Change	5.94%
3 Year Change	11.00%
5 Year Change	14.85%
Change since IPO	63.21%

Recent updates

If You Had Bought Holding Varna (BUL:HVAR) Stock Five Years Ago, You Could Pocket A 66% Gain Today

Mar 03

Can You Imagine How Holding Varna's (BUL:5V2) Shareholders Feel About The 71% Share Price Increase?

Nov 26

Shareholder Returns

	HVAR	BG Capital Markets	BG Market
7D	0.4%	2.0%	0.6%
1Y	5.9%	9.9%	12.9%

Return vs Industry: HVAR underperformed the BG Capital Markets industry which returned 9.9% over the past year.

Return vs Market: HVAR underperformed the BG Market which returned 12.9% over the past year.

Price Volatility

Is HVAR's price volatile compared to industry and market?
HVAR volatility
HVAR Average Weekly Movement	n/a
Capital Markets Industry Average Movement	3.7%
Market Average Movement	4.2%
10% most volatile stocks in BG Market	8.2%
10% least volatile stocks in BG Market	2.4%

Stable Share Price: HVAR's share price has been volatile over the past 3 months compared to the BG market.

Volatility Over Time: Insufficient data to determine HVAR's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1996	961	Ivelina Shaban	www.holdingvarna.com

Holding Varna AD manages a portfolio of investments in commercial companies that provide Bulgarian and foreign consumers with products and services in the field of tourism, finance, design, media, and communications. The company was founded in 1996 and is based in Varna, Bulgaria.

Holding Varna AD Fundamentals Summary

How do Holding Varna AD's earnings and revenue compare to its market cap?
HVAR fundamental statistics
Market cap	лв300.95m
Earnings (TTM)	лв2.06m
Revenue (TTM)	лв88.88m

146.4x

P/E Ratio

3.4x

P/S Ratio

Is HVAR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HVAR income statement (TTM)
Revenue	лв88.88m
Cost of Revenue	лв41.32m
Gross Profit	лв47.56m
Other Expenses	лв45.50m
Earnings	лв2.06m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.32
Gross Margin	53.51%
Net Profit Margin	2.31%
Debt/Equity Ratio	81.6%

How did HVAR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 06:42
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Holding Varna AD is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution