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Jun 18
Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies168
- 7D-0.08%
- 3M6.0%
- 1Y20.1%
- YTD9.5%
The Consumer Staples sector gained 7.6% while the market remained flat over the last week. More promisingly, the market is up 20% over the past year. Earnings are forecast to grow by 30% annually.
Market Valuation and Performance
Has the Bulgarian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | лв15.0b | лв12.3b | лв909.4m | 13.8x | 16.4x | 1.2x |
| Fri, 17 May 2024 | лв15.7b | лв16.6b | лв1.1b | 13x | 14.1x | 0.9x |
| Sun, 14 Apr 2024 | лв14.8b | лв16.7b | лв1.2b | 13.6x | 12.7x | 0.9x |
| Tue, 12 Mar 2024 | лв15.2b | лв16.8b | лв1.2b | 14.1x | 12.8x | 0.9x |
| Thu, 08 Feb 2024 | лв14.9b | лв16.1b | лв1.1b | 13.7x | 13.7x | 0.9x |
| Sat, 06 Jan 2024 | лв15.7b | лв17.8b | лв1.3b | 11.5x | 12.1x | 0.9x |
| Mon, 04 Dec 2023 | лв15.6b | лв18.1b | лв1.3b | 11.9x | 12x | 0.9x |
| Wed, 01 Nov 2023 | лв15.6b | лв18.8b | лв1.4b | 12.9x | 11.2x | 0.8x |
| Fri, 29 Sep 2023 | лв15.3b | лв18.8b | лв1.4b | 12.6x | 10.9x | 0.8x |
| Sun, 27 Aug 2023 | лв14.9b | лв15.9b | лв1.1b | 12.1x | 13.6x | 0.9x |
| Tue, 25 Jul 2023 | лв14.5b | лв19.2b | лв1.3b | 13.5x | 10.8x | 0.8x |
| Thu, 22 Jun 2023 | лв14.3b | лв19.2b | лв1.3b | 13.5x | 11.2x | 0.7x |
| Sat, 20 May 2023 | лв14.0b | лв20.3b | лв1.1b | 13.1x | 12.5x | 0.7x |
| Mon, 17 Apr 2023 | лв13.8b | лв20.4b | лв1.1b | 12.8x | 12.3x | 0.7x |
| Wed, 15 Mar 2023 | лв13.8b | лв20.4b | лв1.0b | 13.4x | 13.3x | 0.7x |
| Fri, 10 Feb 2023 | лв13.8b | лв20.3b | лв1.2b | 14.1x | 11.3x | 0.7x |
| Sun, 08 Jan 2023 | лв13.6b | лв20.2b | лв1.2b | 13.4x | 11.8x | 0.7x |
| Tue, 06 Dec 2022 | лв13.3b | лв20.3b | лв1.2b | 11.8x | 11.6x | 0.7x |
| Thu, 03 Nov 2022 | лв13.0b | лв18.5b | лв1.1b | 12.2x | 12.2x | 0.7x |
| Sat, 01 Oct 2022 | лв12.9b | лв18.5b | лв1.1b | 12.7x | 12.1x | 0.7x |
| Mon, 29 Aug 2022 | лв13.4b | лв17.0b | лв984.4m | 14.1x | 13.6x | 0.8x |
| Wed, 27 Jul 2022 | лв13.4b | лв16.9b | лв984.5m | 14.1x | 13.6x | 0.8x |
| Fri, 24 Jun 2022 | лв13.4b | лв17.1b | лв992.4m | 14x | 13.5x | 0.8x |
| Sun, 22 May 2022 | лв29.7b | лв15.8b | лв853.8m | 14.8x | 34.8x | 1.9x |
| Tue, 19 Apr 2022 | лв29.6b | лв15.1b | лв865.4m | 14.5x | 34.2x | 2x |
| Thu, 17 Mar 2022 | лв29.0b | лв15.2b | лв864.3m | 15.3x | 33.5x | 1.9x |
| Sat, 12 Feb 2022 | лв29.6b | лв13.2b | лв598.6m | 15.7x | 49.5x | 2.2x |
| Mon, 10 Jan 2022 | лв29.6b | лв12.9b | лв593.7m | 17.4x | 49.9x | 2.3x |
| Wed, 08 Dec 2021 | лв29.0b | лв12.9b | лв585.5m | 18x | 49.5x | 2.2x |
| Fri, 05 Nov 2021 | лв29.4b | лв11.9b | лв493.5m | 16.8x | 59.5x | 2.5x |
| Sun, 03 Oct 2021 | лв28.8b | лв11.8b | лв480.2m | 17.3x | 60x | 2.4x |
| Tue, 31 Aug 2021 | лв28.5b | лв11.8b | лв465.8m | 16.3x | 61.3x | 2.4x |
| Wed, 07 Jul 2021 | лв27.9b | лв11.8b | лв483.0m | 14.8x | 57.8x | 2.4x |
Price to Earnings Ratio
57.8x
Current Market PE
- Investors are pessimistic on the Bulgarian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 16.4x which is lower than its 3-year average PE of 24.5x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 23% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Bulgarian Market?
| BG Market | -0.078% | |
| Consumer Staples | 7.65% | |
| Utilities | 4.87% | |
| Industrials | 0.59% | |
| Real Estate | 0.44% | |
| Materials | 0.11% | |
| Energy | 0% | |
| Telecom | -0.20% | |
| Financials | -0.89% | |
| Healthcare | -1.19% | |
| Consumer Discretionary | -2.56% | |
| Tech | -3.26% | |
Sector PE
- Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 243x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Tech sector is expected to see its earnings grow by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ATOM Atomenergoremont | лв20.00 | 60.0% +лв115.2m | 233.3% | PE18.4x | Industrials | |
| TPLR Toplofikatsia-Ruse AD | лв6.50 | 16.1% +лв25.5m | 81.6% | PS1.1x | Utilities | |
| SO Smart Organic AD | лв23.80 | 11.2% +лв24.7m | n/a | PE19x | Consumer Staples | |
| CHL Chernomorski Holding AD | лв22.00 | 41.9% +лв21.4m | 300.0% | PE37.1x | Financials | |
| GR6 Gradus AD | лв1.50 | 5.6% +лв18.5m | 3.4% | PS2.2x | Consumer Staples |
