Holding Varna AD (BUL:HVAR)

Holding Varna AD Statistics

Total Valuation

BUL:HVAR has a market cap or net worth of BGN 318.07 million. The enterprise value is 361.57 million.

Market Cap	318.07M
Enterprise Value	361.57M

Important Dates

The next estimated earnings date is Thursday, April 30, 2026.

Earnings Date	Apr 30, 2026
Ex-Dividend Date	n/a

Share Statistics

BUL:HVAR has 6.49 million shares outstanding. The number of shares has increased by 0.00% in one year.

Current Share Class	6.49M
Shares Outstanding	6.49M
Shares Change (YoY)	+0.00%
Shares Change (QoQ)	+0.00%
Owned by Insiders (%)	0.00%
Owned by Institutions (%)	6.84%
Float	3.57M

Valuation Ratios

The trailing PE ratio is 74.52.

PE Ratio	74.52
Forward PE	n/a
PS Ratio	248.68
PB Ratio	1.50
P/TBV Ratio	1.50
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 91.55, with an EV/FCF ratio of -24.58.

EV / Earnings	85.00
EV / Sales	281.74
EV / EBITDA	91.55
EV / EBIT	105.24
EV / FCF	-24.58

Financial Position

The company has a current ratio of 1.30, with a Debt / Equity ratio of 0.27.

Current Ratio	1.30
Quick Ratio	0.90
Debt / Equity	0.27
Debt / EBITDA	14.48
Debt / FCF	-3.87
Interest Coverage	2.46

Financial Efficiency

Return on equity (ROE) is 1.94% and return on invested capital (ROIC) is 1.01%.

Return on Equity (ROE)	1.94%
Return on Assets (ROA)	0.57%
Return on Invested Capital (ROIC)	1.01%
Return on Capital Employed (ROCE)	1.43%
Weighted Average Cost of Capital (WACC)	3.98%
Revenue Per Employee	1,320
Profits Per Employee	4,390
Employee Count	969
Asset Turnover	0.00
Inventory Turnover	0.06

Taxes

In the past 12 months, BUL:HVAR has paid 396,000 in taxes.

Income Tax	396,000
Effective Tax Rate	8.52%

Stock Price Statistics

The stock price has increased by +4.93% in the last 52 weeks. The beta is 0.01, so BUL:HVAR's price volatility has been lower than the market average.

Beta (5Y)	0.01
52-Week Price Change	+4.93%
50-Day Moving Average	24.56
200-Day Moving Average	23.91
Relative Strength Index (RSI)	60.10
Average Volume (20 Days)	544

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:HVAR had revenue of BGN 1.28 million and earned 4.25 million in profits. Earnings per share was 0.66.

Revenue	1.28M
Gross Profit	684,000
Operating Income	3.42M
Pretax Income	4.65M
Net Income	4.25M
EBITDA	3.94M
EBIT	3.42M
Earnings Per Share (EPS)	0.66

Balance Sheet

The company has 13.62 million in cash and 56.98 million in debt, with a net cash position of -43.36 million or -6.68 per share.

Cash & Cash Equivalents	13.62M
Total Debt	56.98M
Net Cash	-43.36M
Net Cash Per Share	-6.68
Equity (Book Value)	212.20M
Book Value Per Share	32.72
Working Capital	9.55M

Cash Flow

In the last 12 months, operating cash flow was -1.20 million and capital expenditures -13.51 million, giving a free cash flow of -14.71 million.

Operating Cash Flow	-1.20M
Capital Expenditures	-13.51M
Free Cash Flow	-14.71M
FCF Per Share	-2.27

Margins

Gross margin is 53.48%, with operating and profit margins of 267.71% and 332.60%.

Gross Margin	53.48%
Operating Margin	267.71%
Pretax Margin	363.57%
Profit Margin	332.60%
EBITDA Margin	307.74%
EBIT Margin	267.71%
FCF Margin	n/a

Dividends & Yields

BUL:HVAR does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-0.00%
Shareholder Yield	-0.00%
Earnings Yield	1.34%
FCF Yield	-4.62%

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

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	5