company background image
BTH

Bulgartabac Holding AD BUL:BTH Stock Report

Last Price

лв9.90

Market Cap

лв72.9m

7D

0%

1Y

0%

Updated

13 May, 2022

Data

Company Financials
BTH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends0/6

BTH Stock Overview

Bulgartabac Holding AD processes, produces, and sells tobacco products in Bulgaria.

Bulgartabac Holding AD Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Bulgartabac Holding AD
Historical stock prices
Current Share Priceлв9.90
52 Week Highлв13.60
52 Week Lowлв5.65
Beta-0.59
1 Month Change0%
3 Month Changen/a
1 Year Change0%
3 Year Change83.33%
5 Year Change-76.98%
Change since IPO-65.86%

Recent News & Updates

Shareholder Returns

BTHBG TobaccoBG Market
7D0%1.2%-0.07%
1Y0%16.5%4.2%

Return vs Industry: BTH underperformed the BG Tobacco industry which returned 16.5% over the past year.

Return vs Market: BTH underperformed the BG Market which returned 4.2% over the past year.

Price Volatility

Is BTH's price volatile compared to industry and market?
BTH volatility
BTH Average Weekly Movementn/a
Tobacco Industry Average Movement4.1%
Market Average Movement6.5%
10% most volatile stocks in BG Market12.0%
10% least volatile stocks in BG Market2.8%

Stable Share Price: Insufficient data to determine BTH's volatility over the past 3 months.

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

About the Company

FoundedEmployeesCEOWebsite
1947n/aVentsislav Cholakovhttps://www.bulgartabac.bg

Bulgartabac Holding AD processes, produces, and sells tobacco products in Bulgaria. It offers cigarettes. The company provides its products under the Rodopi, Stewardess, and BT brand names.

Bulgartabac Holding AD Fundamentals Summary

How do Bulgartabac Holding AD's earnings and revenue compare to its market cap?
BTH fundamental statistics
Market Capлв72.94m
Earnings (TTM)лв5.91m
Revenue (TTM)лв120.20m

12.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTH income statement (TTM)
Revenueлв120.20m
Cost of Revenueлв101.34m
Gross Profitлв18.86m
Other Expensesлв12.95m
Earningsлв5.91m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin15.69%
Net Profit Margin4.91%
Debt/Equity Ratio63.3%

How did BTH perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


12.35x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BTH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BTH's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: BTH is poor value based on its PE Ratio (12.3x) compared to the European Tobacco industry average (10.6x).

PE vs Market: BTH is good value based on its PE Ratio (12.3x) compared to the BG market (14.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTH is good value based on its PB Ratio (0.2x) compared to the XE Tobacco industry average (1.5x).


Future Growth

How is Bulgartabac Holding AD 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


6.3%

Forecasted Food, Beverage & Tobacco 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 Bulgartabac Holding 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.


Past Performance

How has Bulgartabac Holding AD performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-72.8%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BTH has a large one-off gain of BGN14.3M impacting its December 31 2020 financial results.

Growing Profit Margin: BTH's current net profit margins (4.9%) are lower than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: BTH has become profitable over the past 5 years.

Accelerating Growth: BTH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BTH had negative earnings growth (-72.8%) over the past year, making it difficult to compare to the Tobacco industry average (33.3%).


Return on Equity

High ROE: BTH's Return on Equity (0.1%) is considered low.


Financial Health

How is Bulgartabac Holding AD's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BTH's short term assets (BGN219.6M) exceed its short term liabilities (BGN67.4M).

Long Term Liabilities: BTH's short term assets (BGN219.6M) exceed its long term liabilities (BGN219.3M).


Debt to Equity History and Analysis

Debt Level: BTH's net debt to equity ratio (46.5%) is considered high.

Reducing Debt: BTH's debt to equity ratio has increased from 24.5% to 63.3% over the past 5 years.

Debt Coverage: BTH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if BTH's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BTH'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 BTH's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: BTH is not paying a notable dividend for the BG market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BTH has not reported any payouts.


Next Steps

Management

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

6.2yrs

Average board tenure


CEO

Ventsislav Cholakov

no data

Tenure

Mr. Ventsislav Zlatkov Cholakov serves as the Chief Executive Officer of Bulgartabac Holding AD. Mr. Cholakov served as Chairman at Blagoevgrad-BT AD, Pleven-BT AD and Bulgartabac-Trading Head He served a...


Board Members

Experienced Board: BTH's board of directors are considered experienced (6.2 years average tenure).


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

Bulgartabac Holding AD's employee growth, exchange listings and data sources


Key Information

  • Name: Bulgartabac Holding AD
  • Ticker: BTH
  • Exchange: BUL
  • Founded: 1947
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: лв72.935m
  • Shares outstanding: 7.37m
  • Website: https://www.bulgartabac.bg

Number of Employees


Location

  • Bulgartabac Holding AD
  • Graf Ignatiev str. 62
  • Sofia
  • 1000
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/13 00:00
End of Day Share Price2022/04/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.