Holding Varna AD Ratios and Metrics

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	315	315	301	284	281	271
Market Cap Growth	8.75%	4.74%	5.94%	0.92%	3.83%	5.56%
Enterprise Value	470	480	476	475	463	417
Last Close Price	48.50	48.60	46.40	43.80	43.40	41.80
PE Ratio	32.00	33.45	178.39	258.96	115.32	151.46
PS Ratio	3.03	3.02	3.53	3.35	3.88	4.33
PB Ratio	1.36	1.32	1.33	1.28	1.27	1.22
P/TBV Ratio	2.33	2.27	2.31	2.16	2.15	2.11
P/FCF Ratio	39.41	-	7.89	104.94	-	-
P/OCF Ratio	13.80	-	6.69	35.00	127.60	49.30
EV/Sales Ratio	4.55	4.61	5.58	5.59	6.38	6.66
EV/EBITDA Ratio	23.65	24.32	37.92	43.28	62.39	44.80
EV/EBIT Ratio	36.21	36.62	66.28	81.90	199.96	99.86
EV/FCF Ratio	58.85	-	12.46	175.29	-	-
Debt / Equity Ratio	0.72	0.76	0.88	0.92	0.96	1.03
Debt / EBITDA Ratio	8.30	9.20	14.73	16.70	24.59	21.11
Debt / FCF Ratio	20.92	-	5.20	75.90	-	-
Net Debt / Equity Ratio	0.50	0.48	0.42	0.60	0.66	0.65
Net Debt / EBITDA Ratio	5.75	5.73	7.65	12.23	19.77	15.52
Net Debt / FCF Ratio	14.48	-5.58	2.52	49.55	-62.40	-37.21
Asset Turnover	-	0.22	0.18	0.19	0.16	0.13
Inventory Turnover	-	3.12	2.74	3.90	7.34	16.98
Quick Ratio	0.50	0.78	0.93	1.07	0.97	1.16
Current Ratio	0.75	0.93	1.11	1.27	1.23	1.36
Return on Equity (ROE)	-	5.01%	0.98%	0.12%	0.57%	1.09%
Return on Assets (ROA)	-	1.74%	0.96%	0.80%	0.31%	0.56%
Return on Invested Capital (ROIC)	3.26%	3.32%	1.90%	0.37%	0.51%	0.95%
Return on Capital Employed (ROCE)	4.00%	3.70%	2.00%	1.60%	0.60%	1.10%
Earnings Yield	3.12%	2.99%	0.56%	0.39%	0.87%	0.66%
FCF Yield	2.54%	-6.44%	12.68%	0.95%	-0.83%	-1.43%
Buyback Yield / Dilution	-	-0.21%	-	-	-	-0.20%