Holding Varna AD Past Earnings Performance
Past criteria checks 2/6
Holding Varna AD has been growing earnings at an average annual rate of 16.1%, while the Capital Markets industry saw earnings growing at 16.1% annually. Revenues have been growing at an average rate of 1.6% per year. Holding Varna AD's return on equity is 0.03%, and it has net margins of 2.5%.
Key information
16.1%
Earnings growth rate
14.5%
EPS growth rate
| Capital Markets Industry Growth | 25.8% |
| Revenue growth rate | 1.6% |
| Return on equity | 0.03% |
| Net Margin | 2.5% |
| Last Earnings Update | 30 Sep 2023 |
Revenue & Expenses BreakdownBeta
How Holding Varna AD makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 74 | 2 | 21 | 0 |
| 30 Jun 23 | 76 | 1 | 20 | 0 |
| 31 Mar 23 | 73 | 4 | 20 | 0 |
| 31 Dec 22 | 72 | 2 | 20 | 0 |
| 30 Sep 22 | 67 | -3 | 21 | 0 |
| 30 Jun 22 | 67 | 1 | 20 | 0 |
| 31 Mar 22 | 63 | 0 | 20 | 0 |
| 31 Dec 21 | 63 | 2 | 19 | 0 |
| 30 Sep 21 | 69 | 6 | 21 | 0 |
| 30 Jun 21 | 52 | -1 | 21 | 0 |
| 31 Mar 21 | 47 | -3 | 20 | 0 |
| 31 Dec 20 | 48 | -6 | 21 | 0 |
| 30 Sep 20 | 54 | -14 | 21 | 0 |
| 30 Jun 20 | 64 | -12 | 23 | 0 |
| 31 Mar 20 | 68 | -2 | 22 | 0 |
| 31 Dec 19 | 70 | 0 | 20 | 0 |
| 30 Sep 19 | 68 | 3 | 18 | 0 |
| 30 Jun 19 | 66 | 5 | 17 | 0 |
| 31 Mar 19 | 73 | 0 | 22 | 0 |
| 31 Dec 18 | 68 | -1 | 21 | 0 |
| 30 Sep 18 | 65 | 2 | 20 | 0 |
| 30 Jun 18 | 61 | 2 | 20 | 0 |
| 31 Mar 18 | 63 | 4 | 20 | 0 |
| 31 Dec 17 | 61 | 1 | 20 | 0 |
| 30 Sep 17 | 60 | 1 | 19 | 0 |
| 30 Jun 17 | 52 | 0 | 17 | 0 |
| 31 Mar 17 | 49 | 2 | 16 | 0 |
| 31 Dec 16 | 50 | 0 | 16 | 0 |
| 30 Sep 16 | 50 | 1 | 15 | 0 |
| 30 Jun 16 | 57 | 4 | 16 | 0 |
| 31 Mar 16 | 55 | 0 | 16 | 0 |
| 31 Dec 15 | 53 | -1 | 15 | 0 |
| 30 Sep 15 | 52 | -1 | 16 | 0 |
| 30 Jun 15 | 51 | -4 | 15 | 0 |
| 31 Mar 15 | 52 | -5 | 16 | 0 |
| 31 Dec 14 | 52 | -3 | 16 | 0 |
| 30 Sep 14 | 52 | -13 | 16 | 0 |
| 30 Jun 14 | 52 | -13 | 16 | 0 |
| 31 Mar 14 | 50 | -10 | 16 | 0 |
| 31 Dec 13 | 50 | -10 | 18 | 0 |
| 30 Sep 13 | 45 | 2 | 19 | 0 |
| 30 Jun 13 | 42 | 0 | 19 | 0 |
Quality Earnings: HVAR has a large one-off gain of BGN4.7M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: HVAR became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HVAR has become profitable over the past 5 years, growing earnings by 16.1% per year.
Accelerating Growth: HVAR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HVAR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (0.3%).
Return on Equity
High ROE: HVAR's Return on Equity (0.03%) is considered low.