Bulgarian Stock Exchange AD (BUL:BSE)

BUL:BSE Statistics

Total Valuation

BUL:BSE has a market cap or net worth of BGN 161.43 million.

Market Cap	161.43M
Enterprise Value	n/a

Important Dates

The next estimated earnings date is Friday, March 27, 2026.

Earnings Date	Mar 27, 2026
Ex-Dividend Date	Dec 8, 2025

Share Statistics

BUL:BSE has 13.17 million shares outstanding. The number of shares has decreased by -14.96% in one year.

Current Share Class	13.17M
Shares Outstanding	13.17M
Shares Change (YoY)	-14.96%
Shares Change (QoQ)	+5.68%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	3.04%
Float	6.58M

Valuation Ratios

The trailing PE ratio is 9.61.

PE Ratio	9.61
Forward PE	n/a
PS Ratio	7.66
PB Ratio	2.84
P/TBV Ratio	3.02
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.07, with a Debt / Equity ratio of 0.01.

Current Ratio	1.07
Quick Ratio	1.06
Debt / Equity	0.01
Debt / EBITDA	0.04
Debt / FCF	-0.00
Interest Coverage	1,208.83

Financial Efficiency

Return on equity (ROE) is 33.37% and return on invested capital (ROIC) is 8.99%.

Return on Equity (ROE)	33.37%
Return on Assets (ROA)	1.00%
Return on Invested Capital (ROIC)	8.99%
Return on Capital Employed (ROCE)	12.63%
Revenue Per Employee	334,429
Profits Per Employee	265,937
Employee Count	65
Asset Turnover	0.05
Inventory Turnover	n/a

Taxes

In the past 12 months, BUL:BSE has paid 1.77 million in taxes.

Income Tax	1.77M
Effective Tax Rate	9.55%

Stock Price Statistics

The stock price has decreased by -21.79% in the last 52 weeks. The beta is -0.14, so BUL:BSE's price volatility has been lower than the market average.

Beta (5Y)	-0.14
52-Week Price Change	-21.79%
50-Day Moving Average	10.71
200-Day Moving Average	9.33
Relative Strength Index (RSI)	21.30
Average Volume (20 Days)	17,355

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, BUL:BSE had revenue of BGN 21.07 million and earned 16.75 million in profits. Earnings per share was 1.28.

Revenue	21.07M
Gross Profit	20.91M
Operating Income	7.25M
Pretax Income	18.52M
Net Income	16.75M
EBITDA	7.64M
EBIT	7.25M
Earnings Per Share (EPS)	1.28

Balance Sheet

The company has 63.55 million in cash and 285,000 in debt, with a net cash position of 63.26 million or 4.80 per share.

Cash & Cash Equivalents	63.55M
Total Debt	285,000
Net Cash	63.26M
Net Cash Per Share	4.80
Equity (Book Value)	56.79M
Book Value Per Share	4.31
Working Capital	26.19M

Cash Flow

In the last 12 months, operating cash flow was -86.81 million and capital expenditures -11.72 million, giving a free cash flow of -98.52 million.

Operating Cash Flow	-86.81M
Capital Expenditures	-11.72M
Free Cash Flow	-98.52M
FCF Per Share	-7.48

Margins

Gross margin is 99.24%, with operating and profit margins of 34.42% and 79.52%.

Gross Margin	99.24%
Operating Margin	34.42%
Pretax Margin	87.91%
Profit Margin	79.52%
EBITDA Margin	36.26%
EBIT Margin	34.42%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 1.26, which amounts to a dividend yield of 10.28%.

Dividend Per Share	1.26
Dividend Yield	10.28%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	1
Payout Ratio	32.74%
Buyback Yield	14.96%
Shareholder Yield	25.24%
Earnings Yield	10.38%
FCF Yield	-61.03%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on July 1, 2024. It was a forward split with a ratio of 1.5.

Last Split Date	Jul 1, 2024
Split Type	Forward
Split Ratio	1.5

Scores

BUL:BSE has an Altman Z-Score of 0.68 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.68
Piotroski F-Score	4