company background image
HVAR

Holding VarnaBUL:HVAR Stock Report

Market Cap

лв271.1m

7D

0%

1Y

6.1%

Updated

27 Nov, 2021

Data

Company Financials
HVAR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

HVAR Stock Overview

Holding Varna PLC 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.

Price History & Performance

Summary of all time highs, changes and price drops for Holding Varna
Historical stock prices
Current Share Priceлв41.80
52 Week Highлв42.20
52 Week Lowлв38.20
Beta0.015
1 Month Change0%
3 Month Change1.95%
1 Year Change6.09%
3 Year Change11.17%
5 Year Change25.40%
Change since IPO47.03%

Recent News & Updates

Mar 03
If You Had Bought Holding Varna (BUL:HVAR) Stock Five Years Ago, You Could Pocket A 66% Gain Today

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

Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...

Nov 26
Can You Imagine How Holding Varna's (BUL:5V2) Shareholders Feel About The 71% Share Price Increase?

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

Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses...

Shareholder Returns

HVARBG Capital MarketsBG Market
7D0%0.6%-0.7%
1Y6.1%13.5%26.9%

Return vs Industry: HVAR underperformed the BG Capital Markets industry which returned 13.5% over the past year.

Return vs Market: HVAR underperformed the BG Market which returned 26.9% over the past year.

Price Volatility

Is HVAR's price volatile compared to industry and market?
HVAR volatility
HVAR Average Weekly Movement1.7%
Capital Markets Industry Average Movement4.0%
Market Average Movement4.7%
10% most volatile stocks in BG Market7.3%
10% least volatile stocks in BG Market2.5%

Stable Share Price: HVAR is less volatile than 75% of BG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HVAR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aIvelina Shabanhttps://www.holdingvarna.com

Holding Varna PLC 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 Fundamentals Summary

How do Holding Varna's earnings and revenue compare to its market cap?
HVAR fundamental statistics
Market Capлв271.11m
Earnings (TTM)-лв11.51m
Revenue (TTM)лв58.93m

4.6x

P/S Ratio

-23.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HVAR income statement (TTM)
Revenueлв58.93m
Cost of Revenueлв9.92m
Gross Profitлв49.01m
Expensesлв60.52m
Earnings-лв11.51m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-1.77
Gross Margin83.16%
Net Profit Margin-19.53%
Debt/Equity Ratio88.2%

How did HVAR perform over the long term?

See historical performance and comparison

Valuation

Is Holding Varna undervalued compared to its fair value and its price relative to the market?

1.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HVAR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HVAR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HVAR is unprofitable, so we can't compare its PE Ratio to the BG Capital Markets industry average.

PE vs Market: HVAR is unprofitable, so we can't compare its PE Ratio to the BG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HVAR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HVAR is overvalued based on its PB Ratio (1.5x) compared to the BG Capital Markets industry average (1.2x).


Future Growth

How is Holding Varna forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

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 Holding Varna 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.


Past Performance

How has Holding Varna performed over the past 5 years?

-443.2%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: HVAR is currently unprofitable.

Growing Profit Margin: HVAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if HVAR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare HVAR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HVAR is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (48.1%).


Return on Equity

High ROE: HVAR has a negative Return on Equity (-7.66%), as it is currently unprofitable.


Financial Health

How is Holding Varna's financial position?


Financial Position Analysis

Short Term Liabilities: HVAR's short term assets (BGN120.8M) exceed its short term liabilities (BGN105.3M).

Long Term Liabilities: HVAR's short term assets (BGN120.8M) do not cover its long term liabilities (BGN143.0M).


Debt to Equity History and Analysis

Debt Level: HVAR's net debt to equity ratio (52.7%) is considered high.

Reducing Debt: HVAR's debt to equity ratio has reduced from 100.4% to 88.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if HVAR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HVAR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Holding Varna current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HVAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HVAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HVAR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HVAR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HVAR's dividend in 3 years as they are not forecast to pay a notable one for the BG market.


Next Steps

Management

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


CEO

Ivelina Shaban

no data

Tenure

Ms. Ivelina Kancheva Shaban serves as an Executive Manager and Member of Management Board at St. St. Constantine and Helena Holding JSC. Ms. Shaban serves as the Chair of the Management Board and Executive...


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

Holding Varna PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Holding Varna PLC
  • Ticker: HVAR
  • Exchange: BUL
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: лв271.110m
  • Shares outstanding: 6.49m
  • Website: https://www.holdingvarna.com

Location

  • Holding Varna PLC
  • Administrative Building
  • St. Konstantin and Elena
  • Varna
  • 9006
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 16:57
End of Day Share Price2021/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.