SPDY

Speedy ADBUL:SPDY Stock Report

Market Cap

лв537.8m

7D

-4.8%

1Y

72.4%

Updated

23 Sep, 2021

Data

Company Financials +
SPDY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends1/6

SPDY Overview

Speedy AD provides courier services in Bulgaria and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Speedy AD
Historical stock prices
Current Share Priceлв100.00
52 Week Highлв55.00
52 Week Lowлв111.00
Beta0.45
1 Month Change-5.66%
3 Month Change22.70%
1 Year Change72.41%
3 Year Change118.34%
5 Year Change178.56%
Change since IPO482.52%

Recent News & Updates

Shareholder Returns

SPDYBG LogisticsBG Market
7D-4.8%-1.8%-0.2%
1Y72.4%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

Is SPDY's price volatile compared to industry and market?
SPDY volatility
SPDY Beta0.45
Industry Beta0.93
Market Beta1

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

FoundedEmployeesCEOWebsite
19982,007Valery Mektupchiyanhttps://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

How do Speedy AD's earnings and revenue compare to its market cap?
SPDY fundamental statistics
Market Capлв537.76m
Earnings (TTM)лв28.81m
Revenue (TTM)лв308.85m

18.7x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPDY income statement (TTM)
Revenueлв308.85m
Cost of Revenueлв84.00m
Gross Profitлв224.85m
Expensesлв196.04m
Earningsлв28.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.36
Gross Margin72.80%
Net Profit Margin9.33%
Debt/Equity Ratio2.5%

How did SPDY perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

98%

Payout Ratio

Valuation

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

TodaySep 24 2021Ex Dividend DateSep 30 2021Dividend Pay DateJan 01 197018900 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:07
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
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.