Zarneni Hrani Bulgaria AD

BUL:ZHBG Stock Report

Market Cap: лв23.9m

Zarneni Hrani Bulgaria AD Past Earnings Performance

Past criteria checks 3/6

Zarneni Hrani Bulgaria AD's earnings have been declining at an average annual rate of -10.6%, while the Food industry saw earnings growing at 10.2% annually. Revenues have been growing at an average rate of 0.2% per year. Zarneni Hrani Bulgaria AD's return on equity is 1.8%, and it has net margins of 6.3%.

Key information

-10.6%

Earnings growth rate

-10.6%

EPS growth rate

Food Industry Growth30.4%
Revenue growth rate0.2%
Return on equity1.8%
Net Margin6.3%
Last Earnings Update30 Sep 2024

Recent past performance updates

Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Earnings Are Weaker Than They Seem

Dec 07
Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Earnings Are Weaker Than They Seem

Recent updates

Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Earnings Are Weaker Than They Seem

Dec 07
Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Earnings Are Weaker Than They Seem

Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Prospects Need A Boost To Lift Shares

Aug 06
Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Prospects Need A Boost To Lift Shares

These Return Metrics Don't Make Zarneni Hrani Bulgaria AD (BUL:ZHBG) Look Too Strong

May 30
These Return Metrics Don't Make Zarneni Hrani Bulgaria AD (BUL:ZHBG) Look Too Strong

Some Shareholders Feeling Restless Over Zarneni Hrani Bulgaria AD's (BUL:ZHBG) P/E Ratio

Jan 23
Some Shareholders Feeling Restless Over Zarneni Hrani Bulgaria AD's (BUL:ZHBG) P/E Ratio

Here's What's Concerning About Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns On Capital

Nov 08
Here's What's Concerning About Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns On Capital

Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

Sep 15
Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

Zarneni Hrani Bulgaria AD (BUL:ZHBG) Has Some Difficulty Using Its Capital Effectively

Jun 29
Zarneni Hrani Bulgaria AD (BUL:ZHBG) Has Some Difficulty Using Its Capital Effectively

Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

May 22
Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns Have Hit A Wall

Mar 17
Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns Have Hit A Wall

Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) A Risky Investment?

Feb 04
Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) A Risky Investment?

Zarneni Hrani Bulgaria AD (BUL:ZHBG) Could Be At Risk Of Shrinking As A Company

Sep 27
Zarneni Hrani Bulgaria AD (BUL:ZHBG) Could Be At Risk Of Shrinking As A Company

Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

Jun 08
Is Zarneni Hrani Bulgaria AD (BUL:ZHBG) Using Too Much Debt?

Estimating The Intrinsic Value Of Zarneni Hrani Bulgaria AD (BUL:ZHBG)

Apr 30
Estimating The Intrinsic Value Of Zarneni Hrani Bulgaria AD (BUL:ZHBG)

Does Zarneni Hrani Bulgaria AD (BUL:ZHBG) Have A Healthy Balance Sheet?

Mar 09
Does Zarneni Hrani Bulgaria AD (BUL:ZHBG) Have A Healthy Balance Sheet?

Zarneni Hrani Bulgaria AD (BUL:ZHBG) Could Be Struggling To Allocate Capital

Jan 06
Zarneni Hrani Bulgaria AD (BUL:ZHBG) Could Be Struggling To Allocate Capital

Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns On Capital Not Reflecting Well On The Business

Aug 05
Zarneni Hrani Bulgaria AD's (BUL:ZHBG) Returns On Capital Not Reflecting Well On The Business

Does Zarneni Hrani Bulgaria AD (BUL:ZHBG) Have A Healthy Balance Sheet?

May 29
Does Zarneni Hrani Bulgaria AD (BUL:ZHBG) Have A Healthy Balance Sheet?

The Returns On Capital At Zarneni Hrani Bulgaria AD (BUL:ZHBG) Don't Inspire Confidence

Mar 30
The Returns On Capital At Zarneni Hrani Bulgaria AD (BUL:ZHBG) Don't Inspire Confidence

Zarneni Hrani Bulgaria AD (BUL:T43) Seems To Use Debt Quite Sensibly

Feb 15
Zarneni Hrani Bulgaria AD (BUL:T43) Seems To Use Debt Quite Sensibly

Should You Use Zarneni Hrani Bulgaria AD's (BUL:T43) Statutory Earnings To Analyse It?

Dec 18
Should You Use Zarneni Hrani Bulgaria AD's (BUL:T43) Statutory Earnings To Analyse It?

Revenue & Expenses Breakdown

How Zarneni Hrani Bulgaria AD makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BUL:ZHBG Revenue, expenses and earnings (BGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24745270
30 Jun 24755260
31 Mar 24713270
31 Dec 23713260
30 Sep 23693270
30 Jun 23723270
31 Mar 23813260
31 Dec 22853260
30 Sep 22903240
30 Jun 22865240
31 Mar 22775230
31 Dec 21723230
30 Sep 218110240
30 Jun 21767250
31 Mar 21756260
31 Dec 20756260
30 Sep 20684270
30 Jun 20704250
31 Mar 20745250
31 Dec 19765250
30 Sep 19746240
30 Jun 19776250
31 Mar 19775250
31 Dec 18865250
30 Sep 18931250
30 Jun 18981250
31 Mar 181041260
31 Dec 17991260

Quality Earnings: ZHBG has a large one-off gain of BGN1.9M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: ZHBG's current net profit margins (6.3%) are higher than last year (4.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ZHBG's earnings have declined by 10.6% per year over the past 5 years.

Accelerating Growth: ZHBG's earnings growth over the past year (52.1%) exceeds its 5-year average (-10.6% per year).

Earnings vs Industry: ZHBG earnings growth over the past year (52.1%) exceeded the Food industry 16.2%.


Return on Equity

High ROE: ZHBG's Return on Equity (1.8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/01 03:11
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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

Zarneni Hrani Bulgaria 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.

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