| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 1/6 |
SPDY Overview
Speedy AD provides courier services in Bulgaria and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | лв100.00 |
| 52 Week High | лв55.00 |
| 52 Week Low | лв111.00 |
| Beta | 0.45 |
| 1 Month Change | -5.66% |
| 3 Month Change | 22.70% |
| 1 Year Change | 72.41% |
| 3 Year Change | 118.34% |
| 5 Year Change | 178.56% |
| Change since IPO | 482.52% |
Recent News & Updates
Shareholder Returns
| SPDY | BG Logistics | BG Market | |
|---|---|---|---|
| 7D | -4.8% | -1.8% | -0.2% |
| 1Y | 72.4% | 55.9% | 4.4% |
Return vs Industry: SPDY exceeded the BG Logistics industry which returned 55.9% over the past year.
Return vs Market: SPDY exceeded the BG Market which returned 4.4% over the past year.
Price Volatility
| SPDY volatility | |
|---|---|
| SPDY Beta | 0.45 |
| Industry Beta | 0.93 |
| Market Beta | 1 |
Stable Share Price: SPDY is more volatile than 90% of BG stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SPDY's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of BG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 2,007 | Valery Mektupchiyan | https://www.speedy.bg |
Speedy AD provides courier services in Bulgaria and internationally. It offers express, standard, pallet, parcel, and tire courier services. The company also provides cash on deliver, open/test, packaging, storage, address correction surcharge, parcel’s shipment on Saturday, heavy parcel surcharge, toll tax surcharge, and loading and unloading services.
Speedy AD Fundamentals Summary
| SPDY fundamental statistics | |
|---|---|
| Market Cap | лв537.76m |
| Earnings (TTM) | лв28.81m |
| Revenue (TTM) | лв308.85m |
18.7x
P/E Ratio1.7x
P/S RatioIs SPDY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPDY income statement (TTM) | |
|---|---|
| Revenue | лв308.85m |
| Cost of Revenue | лв84.00m |
| Gross Profit | лв224.85m |
| Expenses | лв196.04m |
| Earnings | лв28.81m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.36 |
| Gross Margin | 72.80% |
| Net Profit Margin | 9.33% |
| Debt/Equity Ratio | 2.5% |
How did SPDY perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield98%
Payout RatioValuation
Is Speedy AD undervalued compared to its fair value and its price relative to the market?
15.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPDY (BGN100) is trading below our estimate of fair value (BGN117.9)
Significantly Below Fair Value: SPDY is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SPDY is good value based on its PE Ratio (18.7x) compared to the European Logistics industry average (19.1x).
PE vs Market: SPDY is poor value based on its PE Ratio (18.7x) compared to the BG market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: SPDY is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: SPDY is overvalued based on its PB Ratio (6x) compared to the XE Logistics industry average (3.2x).
Future Growth
How is Speedy AD forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPDY's forecast earnings growth (6.6% per year) is above the savings rate (1.3%).
Earnings vs Market: SPDY's earnings (6.6% per year) are forecast to grow slower than the BG market (11.6% per year).
High Growth Earnings: SPDY's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPDY's revenue (5.8% per year) is forecast to grow slower than the BG market (9.2% per year).
High Growth Revenue: SPDY's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SPDY's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Speedy AD performed over the past 5 years?
34.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPDY has high quality earnings.
Growing Profit Margin: SPDY's current net profit margins (9.3%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: SPDY's earnings have grown significantly by 34.9% per year over the past 5 years.
Accelerating Growth: SPDY's earnings growth over the past year (20.9%) is below its 5-year average (34.9% per year).
Earnings vs Industry: SPDY earnings growth over the past year (20.9%) underperformed the Logistics industry 74.6%.
Return on Equity
High ROE: SPDY's Return on Equity (32%) is considered high.
Financial Health
How is Speedy AD's financial position?
Financial Position Analysis
Short Term Liabilities: SPDY's short term assets (BGN75.5M) exceed its short term liabilities (BGN61.9M).
Long Term Liabilities: SPDY's short term assets (BGN75.5M) exceed its long term liabilities (BGN62.9M).
Debt to Equity History and Analysis
Debt Level: SPDY's debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: SPDY's debt to equity ratio has reduced from 23.3% to 2.5% over the past 5 years.
Debt Coverage: SPDY's debt is well covered by operating cash flow (2797.6%).
Interest Coverage: SPDY's interest payments on its debt are well covered by EBIT (16.1x coverage).
Balance Sheet
Dividend
What is Speedy AD current dividend yield, its reliability and sustainability?
2.00%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPDY's dividend (2%) is higher than the bottom 25% of dividend payers in the BG market (1.39%).
High Dividend: SPDY's dividend (2%) is low compared to the top 25% of dividend payers in the BG market (5.33%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SPDY has been paying a dividend for less than 10 years.
Growing Dividend: SPDY's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98%), SPDY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
лв307k
CEO Compensation
CEO
Valery Mektupchiyan
22.92yrs
Tenure
лв306,667
Compensation
Mr. Valery Harutyun Mektupchiyan serves as the Chief Executive Officer and Executive Director of Speedy AD (formerly known as Speedy JSC).
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
Speedy AD's employee growth, exchange listings and data sources
Key Information
- Name: Speedy AD
- Ticker: SPDY
- Exchange: BUL
- Founded: 1998
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: лв537.762m
- Shares outstanding: 5.38m
- Website: https://www.speedy.bg
Number of Employees
Location
- Speedy AD
- 22, Sofia City Logistic Park
- 5th floor
- Sofia
- 1138
- Bulgaria
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/23 16:07 |
| End of Day Share Price | 2021/09/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.