Smart Organic AD

BUL:SO Stock Report

Market Cap: €171.6m

Smart Organic AD Past Earnings Performance

Past criteria checks 1/6

Smart Organic AD has been growing earnings at an average annual rate of 18.5%, while the Food industry saw earnings growing at 11.3% annually. Revenues have been growing at an average rate of 22% per year. Smart Organic AD's return on equity is 15.1%, and it has net margins of 11.7%.

Key information

18.46%

Earnings growth rate

-11.78%

EPS growth rate

Food Industry Growth30.42%
Revenue growth rate22.04%
Return on equity15.05%
Net Margin11.71%
Last Earnings Update31 Dec 2025

Recent past performance updates

Smart Organic AD's (BUL:SO) Conservative Accounting Might Explain Soft Earnings

Feb 05
Smart Organic AD's (BUL:SO) Conservative Accounting Might Explain Soft Earnings

Smart Organic AD's (BUL:SO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Nov 06
Smart Organic AD's (BUL:SO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Recent updates

Smart Organic AD's (BUL:SO) Conservative Accounting Might Explain Soft Earnings

Feb 05
Smart Organic AD's (BUL:SO) Conservative Accounting Might Explain Soft Earnings

Here's Why Smart Organic AD (BUL:SO) Can Manage Its Debt Responsibly

Apr 26
Here's Why Smart Organic AD (BUL:SO) Can Manage Its Debt Responsibly

Smart Organic AD's (BUL:SO) Shareholders Might Be Looking For Exit

Jan 30
Smart Organic AD's (BUL:SO) Shareholders Might Be Looking For Exit

Smart Organic AD's (BUL:SO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Nov 06
Smart Organic AD's (BUL:SO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Why Smart Organic AD's (BUL:SO) Earnings Are Better Than They Seem

Apr 08
Why Smart Organic AD's (BUL:SO) Earnings Are Better Than They Seem

Revenue & Expenses Breakdown

How Smart Organic AD makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BUL:SO Revenue, expenses and earnings (BGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2511714310
30 Sep 2511413350
30 Jun 2510412320
31 Mar 259914300
31 Dec 249214280
30 Sep 248712260
30 Jun 248714250
31 Mar 248513240
31 Dec 238112220
30 Sep 237513190
30 Jun 236811170
31 Mar 23619160
31 Dec 22578150
30 Sep 22558180
30 Jun 22527130
31 Mar 22507130
31 Dec 21477120
31 Dec 20375100

Quality Earnings: SO has a high level of non-cash earnings.

Growing Profit Margin: SO's current net profit margins (11.7%) are lower than last year (15.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SO's earnings have grown by 18.5% per year over the past 5 years.

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

Earnings vs Industry: SO had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Food industry average (-2.2%).


Return on Equity

High ROE: SO's Return on Equity (15.1%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 14:08
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Smart Organic AD is covered by 1 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.

AnalystInstitution
Petar PeychevElana Trading