Financials Premier Fund REIT

Equities

PREM

BG1100009064

Diversified REITs

End-of-day quote Bulgaria S.E. 06:00:00 2024-06-05 pm EDT 5-day change 1st Jan Change
13.6 BGN +1.49% Intraday chart for Premier Fund REIT 0.00% +3.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 0.78 1.82 19.8 20.7 22.68 23.76
Enterprise Value (EV) 1 43.83 44.52 78.38 72.51 67.14 61.33
P/E ratio 0.38 x 10.1 x 94.5 x 93.2 x 41.9 x 111 x
Yield - - - - - -
Capitalization / Revenue 0.21 x 16.4 x 189 x 35.9 x 79.6 x 21.7 x
EV / Revenue 11.8 x 401 x 746 x 126 x 236 x 56.1 x
EV / EBITDA - - 140,718,113 x 107,417,760 x 117,791,205 x 166,205,924 x
EV / FCF -6.92 x 22.5 x -25.4 x 12.5 x 38.5 x 6.72 x
FCF Yield -14.4% 4.44% -3.93% 8% 2.6% 14.9%
Price to Book 0.12 x 0.27 x 1.04 x 1.07 x 1.14 x 1.18 x
Nbr of stocks (in thousands) 650 650 1,800 1,800 1,800 1,800
Reference price 2 1.200 2.800 11.00 11.50 12.60 13.20
Announcement Date 4/4/19 10/1/20 4/1/21 3/31/22 4/25/23 4/24/24
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3.709 0.111 0.105 0.577 0.285 1.093
EBITDA - - 0.557 0.675 0.57 0.369
EBIT 1 1.999 2.191 0.555 0.619 0.568 0.207
Operating Margin 53.9% 1,973.87% 528.57% 107.28% 199.3% 18.94%
Earnings before Tax (EBT) 1 2.029 0.18 0.204 0.222 0.541 0.211
Net income 1 2.029 0.18 0.204 0.222 0.541 0.215
Net margin 54.7% 162.16% 194.29% 38.47% 189.82% 19.67%
EPS 2 3.122 0.2769 0.1164 0.1233 0.3006 0.1194
Free Cash Flow 1 -6.333 1.978 -3.082 5.802 1.745 9.131
FCF margin -170.74% 1,781.76% -2,935.6% 1,005.61% 612.32% 835.37%
FCF Conversion (EBITDA) - - - 859.61% 306.16% 2,474.42%
FCF Conversion (Net income) - 1,098.75% - 2,613.68% 322.57% 4,246.8%
Dividend per Share - - - - - -
Announcement Date 4/4/19 10/1/20 4/1/21 3/31/22 4/25/23 4/24/24
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 43 42.7 58.6 51.8 44.5 37.6
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - 105.2 x 76.75 x 78 x 101.8 x
Free Cash Flow 1 -6.33 1.98 -3.08 5.8 1.75 9.13
ROE (net income / shareholders' equity) 36.2% 2.68% 1.58% 1.16% 2.76% 1.08%
ROA (Net income/ Total Assets) 2.85% 2.7% 0.54% 0.52% 0.49% 0.18%
Assets 1 71.09 6.676 37.98 43.01 110.5 121.2
Book Value Per Share 2 10.20 10.50 10.60 10.70 11.00 11.10
Cash Flow per Share 2 0.0400 0.1200 0.0600 0.0300 0.0800 0.3700
Capex - - - - - 0.03
Capex / Sales - - - - - 3.02%
Announcement Date 4/4/19 10/1/20 4/1/21 3/31/22 4/25/23 4/24/24
1BGN in Million2BGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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