M+S Hydraulic AD (BUL:MSH) Has A Rock Solid Balance Sheet
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Bulgarian (SOFIX) Market Analysis & Valuation
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies190
- 7D0.7%
- 3M4.7%
- 1Y11.7%
- YTD9.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 12% over the past year. Earnings are forecast to grow by 36% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | лв15.6b | лв18.8b | лв1.4b | 12.9x | 11.2x | 0.8x |
| Thu, 28 Sep 2023 | лв15.2b | лв18.8b | лв1.4b | 12.1x | 10.8x | 0.8x |
| Sat, 26 Aug 2023 | лв14.9b | лв15.9b | лв1.1b | 12.4x | 13.6x | 0.9x |
| Mon, 24 Jul 2023 | лв14.5b | лв19.2b | лв1.3b | 13.5x | 10.7x | 0.8x |
| Wed, 21 Jun 2023 | лв14.3b | лв19.2b | лв1.3b | 13.5x | 11.2x | 0.7x |
| Fri, 19 May 2023 | лв13.9b | лв20.3b | лв1.1b | 13.1x | 12.5x | 0.7x |
| Sun, 16 Apr 2023 | лв13.8b | лв20.4b | лв1.1b | 12.8x | 12.3x | 0.7x |
| Tue, 14 Mar 2023 | лв13.8b | лв19.9b | лв1.0b | 13.6x | 13.6x | 0.7x |
| Thu, 09 Feb 2023 | лв13.8b | лв20.3b | лв1.2b | 14.3x | 11.3x | 0.7x |
| Sat, 07 Jan 2023 | лв13.6b | лв20.2b | лв1.2b | 12.7x | 11.8x | 0.7x |
| Mon, 05 Dec 2022 | лв13.3b | лв20.3b | лв1.2b | 11.8x | 11.6x | 0.7x |
| Wed, 02 Nov 2022 | лв13.0b | лв18.5b | лв1.1b | 12.7x | 12.1x | 0.7x |
| Fri, 30 Sep 2022 | лв12.9b | лв18.5b | лв1.1b | 12.8x | 12.1x | 0.7x |
| Sun, 28 Aug 2022 | лв13.4b | лв17.0b | лв982.0m | 14.1x | 13.6x | 0.8x |
| Tue, 26 Jul 2022 | лв13.4b | лв16.9b | лв984.5m | 14.1x | 13.6x | 0.8x |
| Thu, 23 Jun 2022 | лв13.4b | лв17.1b | лв992.2m | 14.4x | 13.5x | 0.8x |
| Sat, 21 May 2022 | лв29.7b | лв15.8b | лв856.4m | 14.8x | 34.6x | 1.9x |
| Mon, 18 Apr 2022 | лв29.6b | лв15.1b | лв865.1m | 14.5x | 34.2x | 2x |
| Wed, 16 Mar 2022 | лв29.0b | лв15.2b | лв864.3m | 15.1x | 33.5x | 1.9x |
| Fri, 11 Feb 2022 | лв29.6b | лв13.2b | лв598.6m | 15.7x | 49.5x | 2.2x |
| Sun, 09 Jan 2022 | лв29.6b | лв12.9b | лв593.7m | 17.4x | 49.9x | 2.3x |
| Tue, 07 Dec 2021 | лв29.0b | лв12.9b | лв585.5m | 18x | 49.5x | 2.2x |
| Thu, 04 Nov 2021 | лв29.3b | лв11.9b | лв494.3m | 17x | 59.3x | 2.5x |
| Sat, 02 Oct 2021 | лв28.8b | лв11.8b | лв480.7m | 17.3x | 59.9x | 2.4x |
| Mon, 30 Aug 2021 | лв28.6b | лв11.8b | лв484.8m | 16.1x | 58.9x | 2.4x |
| Tue, 06 Jul 2021 | лв27.9b | лв11.8b | лв483.0m | 14.8x | 57.8x | 2.4x |
| Fri, 09 Apr 2021 | лв27.7b | лв11.3b | лв452.7m | 17.2x | 61.2x | 2.5x |
| Thu, 31 Dec 2020 | лв27.2b | лв11.1b | лв397.8m | 16.1x | 68.5x | 2.5x |
Price to Earnings Ratio
38.3x
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 11.1x which is lower than its 3-year average PE of 34.4x.
Past Earnings Growth
- The earnings for Bulgarian listed companies have grown 26% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Bulgarian Market?
| BG Market | 0.75% | |
| Financials | 2.20% | |
| Healthcare | 1.25% | |
| Industrials | 0.89% | |
| Consumer Discretionary | 0.50% | |
| Consumer Staples | 0.27% | |
| Real Estate | 0.098% | |
| Energy | 0% | |
| Telecom | 0% | |
| Utilities | 0% | |
| Tech | -1.21% | |
| Materials | -1.94% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 138x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.5x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SFA Sopharma AD | лв7.18 | 3.8% +лв41.4m | 61.7% | PE12.5x | Healthcare | |
| BACB Bulgarian-American Credit Bank AD | лв6.15 | 23.0% +лв28.4m | n/a | PB0.5x | Financials | |
| SPDY Speedy AD | лв133.00 | 3.9% +лв26.9m | 24.3% | PE18.8x | Industrials | |
| FIB First Investment Bank AD | лв2.62 | 3.1% +лв11.9m | 41.6% | PB0.3x | Financials | |
| EUBG Eurohold Bulgaria AD | лв1.74 | 2.4% +лв10.4m | -13.0% | PE1.7x | Financials |
Market Insights
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