Financials Fairplay Properties REIT

Equities

FPP

BG1100042057

Real Estate Development & Operations

End-of-day quote Bulgaria S.E. 18:00:00 2024-05-08 EDT 5-day change 1st Jan Change
0.88 BGN 0.00% Intraday chart for Fairplay Properties REIT -2.22% -2.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18.23 16.57 10.94 36.29 51.13 70.69
Enterprise Value (EV) 1 22.57 21.69 16.3 50.33 71.77 98.41
P/E ratio 9.21 x 34.7 x 54.2 x -56.9 x 6.49 x 23 x
Yield - 2.16% - 1.14% 1.81% -
Capitalization / Revenue 0.89 x 2.3 x 3.28 x 3.81 x 4.9 x 6.73 x
EV / Revenue 1.11 x 3.01 x 4.89 x 5.29 x 6.88 x 9.37 x
EV / EBITDA 7.03 x 23.1 x -34.8 x -2,188 x 17 x 21 x
EV / FCF 30.3 x -22 x -51.1 x -2.36 x -1.39 x -86.9 x
FCF Yield 3.3% -4.55% -1.96% -42.3% -72.2% -1.15%
Price to Book 0.35 x 0.31 x 0.21 x 0.53 x 0.52 x 0.67 x
Nbr of stocks (in thousands) 33,145 33,145 33,145 49,045 73,045 78,545
Reference price 2 0.5500 0.5000 0.3300 0.7400 0.7000 0.9000
Announcement Date 19-03-27 20-04-29 21-01-29 22-01-26 23-03-30 24-03-29
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 20.43 7.219 3.335 9.521 10.43 10.51
EBITDA 1 3.211 0.941 -0.469 -0.023 4.213 4.69
EBIT 1 2.946 0.698 -0.671 -0.384 3.429 3.824
Operating Margin 14.42% 9.67% -20.12% -4.03% 32.87% 36.39%
Earnings before Tax (EBT) 1 1.979 0.477 0.202 -0.652 5.694 3.003
Net income 1 1.979 0.477 0.202 -0.652 5.694 3.003
Net margin 9.69% 6.61% 6.06% -6.85% 54.58% 28.58%
EPS 2 0.0597 0.0144 0.006094 -0.0130 0.1079 0.0391
Free Cash Flow 1 0.7444 -0.9876 -0.319 -21.29 -51.8 -1.132
FCF margin 3.64% -13.68% -9.57% -223.56% -496.53% -10.78%
FCF Conversion (EBITDA) 23.18% - - - - -
FCF Conversion (Net income) 37.61% - - - - -
Dividend per Share - 0.0108 - 0.008400 0.0127 -
Announcement Date 19-03-27 20-04-29 21-01-29 22-01-26 23-03-30 24-03-29
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4.35 5.12 5.36 14 20.6 27.7
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.353 x 5.443 x -11.44 x -610.3 x 4.898 x 5.911 x
Free Cash Flow 1 0.74 -0.99 -0.32 -21.3 -51.8 -1.13
ROE (net income / shareholders' equity) 3.83% 0.9% 0.38% -1.08% 6.85% 2.96%
ROA (Net income/ Total Assets) 2.66% 0.7% -0.67% -0.31% 1.93% 1.73%
Assets 1 74.32 68.43 -30.02 207.4 295 173.4
Book Value Per Share 2 1.590 1.600 1.600 1.390 1.340 1.340
Cash Flow per Share 2 0.0500 0.0100 0.0200 0.1000 0.1600 0.0800
Capex 1 0.07 0.03 3.13 23.7 43.7 3.52
Capex / Sales 0.33% 0.39% 93.88% 248.47% 418.66% 33.49%
Announcement Date 19-03-27 20-04-29 21-01-29 22-01-26 23-03-30 24-03-29
1BGN in Million2BGN
Estimates
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