Holding Varna AD (BUL:HVAR)

Holding Varna AD Ratios and Metrics

Market cap in millions BGN. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 19, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	318	315	301	284	281	271
Market Cap Growth	10.95%	4.74%	5.94%	0.92%	3.83%	5.56%
Enterprise Value	362	480	476	475	463	417
Last Close Price	49.04	48.60	46.40	43.80	43.40	41.80
PE Ratio	74.52	74.10	178.39	258.96	115.32	151.46
PS Ratio	248.68	246.45	3.53	3.35	3.88	4.33
PB Ratio	1.50	1.49	1.33	1.28	1.27	1.22
P/TBV Ratio	1.50	1.49	2.31	2.16	2.15	2.11
P/FCF Ratio	-	-	7.89	104.94	-	-
P/OCF Ratio	-	-	6.69	35.00	127.60	49.30
EV/Sales Ratio	281.74	375.61	5.58	5.59	6.38	6.66
EV/EBITDA Ratio	91.55	122.05	37.92	43.28	62.39	44.80
EV/EBIT Ratio	105.24	140.30	66.28	81.90	199.96	99.86
EV/FCF Ratio	-24.58	-	12.46	175.29	-	-
Debt / Equity Ratio	0.27	0.27	0.88	0.92	0.96	1.03
Debt / EBITDA Ratio	14.48	14.48	14.73	16.70	24.59	21.11
Debt / FCF Ratio	-	-	5.20	75.90	-	-
Net Debt / Equity Ratio	0.20	0.20	0.42	0.60	0.66	0.65
Net Debt / EBITDA Ratio	11.02	11.02	7.65	12.23	19.77	15.52
Net Debt / FCF Ratio	-2.95	-2.95	2.52	49.55	-62.40	-37.21
Asset Turnover	0.00	0.00	0.18	0.19	0.16	0.13
Inventory Turnover	0.06	0.06	2.74	3.90	7.34	16.98
Quick Ratio	0.90	0.90	0.93	1.07	0.97	1.16
Current Ratio	1.30	1.30	1.11	1.27	1.23	1.36
Return on Equity (ROE)	1.94%	1.94%	0.98%	0.12%	0.57%	1.09%
Return on Assets (ROA)	0.56%	0.56%	0.96%	0.80%	0.31%	0.56%
Return on Invested Capital (ROIC)	1.01%	1.08%	1.90%	0.37%	0.51%	0.95%
Return on Capital Employed (ROCE)	1.40%	1.40%	2.00%	1.60%	0.60%	1.10%
Earnings Yield	1.34%	1.35%	0.56%	0.39%	0.87%	0.66%
FCF Yield	-4.62%	-4.67%	12.68%	0.95%	-0.83%	-1.43%
Buyback Yield / Dilution	-0.00%	-0.00%	-	-	-	-0.20%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.