Valuation Toplofikatsia-Burgas AD

Stocks

End-of-day quote Bulgaria S.E. 2026-10-12			5-day change	1st Jan Change
1.000 ^EUR	+5.26%		0.00%	+0.32%

07-28	Toplofikatsia-Burgas AD Reports Earnings Results for the Half Year Ended June 30, 2026	CI
05-01	Toplofikatsia-Burgas AD Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025
Market Cap ¹	46.26	50.54	56.4	49.28	56.43
Change	-	9.26%	11.59%	-12.62%	14.5%
Enterprise Value (EV) ¹	57.64	63.61	64.34	63.11	66.82
Change	-	10.35%	1.14%	-1.91%	5.88%
P/E	-9.9x	-25x	10.8x	11.7x	-35x
PBR	1.31x	1.44x	1.37x	1.09x	1.3x
PEG	-0x	0.4x	-0x	-0.6x	0x
Capitalization / Revenue	1.08x	0.66x	0.79x	0.89x	0.95x
EV / Revenue	1.35x	0.83x	0.9x	1.13x	1.13x
EV / EBITDA	-20x	-135x	5.44x	9.64x	35x
EV / EBIT	-12.1x	-30.7x	6.19x	12.7x	-130x
EV / FCF	-10.6x	-9x	7.52x	14.3x	41.7x
FCF Yield	-9.45%	-11.1%	13.3%	6.97%	2.4%
Dividend per Share ²	-	-	-	-	-
Rate of return	-	-	-	-	-
EPS ²	-0.1616	-0.07	0.18	0.1453	-0.0558
Distribution rate	-	-	-	-	-
Net sales ¹	42.86	76.82	71.3	55.61	59.2
EBITDA ¹	-2.877	-0.471	11.84	6.55	1.911
EBIT ¹	-4.748	-2.075	10.39	4.964	-0.513
Net income ¹	-4.673	-2.149	5.299	4.201	-1.613
Net Debt ¹	11.38	13.07	7.939	13.83	10.39
Reference price ²	1.600	1.750	1.950	1.700	1.950
Nbr of stocks (in thousands)	28,918	28,918	28,918	28,918	28,918
Announcement Date	1/28/22	3/31/23	3/29/24	3/29/25	3/5/26

¹BGN in Million²BGN

Estimates